Nicotine Gum Industry Research：the global market size is projected to grow from USD 436.11 million in 2023 to USD 824.14 million by 2030

According to the new market research report "Nicotine Gum- Global Market Share and Ranking, Overall Sales and Demand Forecast 2024-2030", published by QYResearch, the global Nicotine Gum market size is projected to grow from USD 436.11 million in 2023 to USD 824.14 million by 2030, at a CAGR of 10.02% during the forecast period.

• Global Nicotine Gum MarketSize(US$ Million), 2019-2030

Source: QYResearch, "Nicotine Gum- Global Market Share and Ranking, Overall Sales and Demand Forecast 2024-2030”

 

• Global Nicotine Gum Top9 Players Rankingand Market Share (Ranking is based on the revenue of 2023, continually updated)

Source: QYResearch, "Nicotine Gum- Global Market Share and Ranking, Overall Sales and Demand Forecast 2024-2030”

 

This report profiles key players of Nicotine Gum such as HALEON (GSK), Johnson & Johnson, Perrigo Company, Cipla, etc.

In 2023, the global top five Nicotine Gum players account for 68% of market share in terms of revenue. Above figure shows the key players ranked by revenue in Nicotine Gum.

Nicotine Gum Market Trends:

1. 1.Increased competition:The competition among vendors will increase during the forecast period. Vendors will compete to deliver competitive advantages in the market on the basis of pricing, value-added benefits, and service portfolios. During the forecast period, we expect this competition to intensify with an increase in product extensions.

 

2. 2.Continuous innovation:Technological innovations have an important role in driving the growth of the market. To sustain in the competitive market, vendors should develop new ideas and technologies and stay up-to-date with the advanced technologies.

 

3. 3.Cost Control:To gain better profit, companies are reducing raw material and operational costs.

 

Nicotine Gum Market Drivers

1. 1.The growing awareness regarding health hazards associated with smoking, which has resulted in a rise in the number of people trying to quit smoking is the major factor driving market growth.

 

2. 2.The market has witnessed a significant increase in demand from medical institutions and rehab clinics for the purpose of nicotine cessation, in both the developed and developing countries across the globe.

 

3. 3. An increase in government initiatives across various countries to control tobacco consumption is also a prime factor rising the sales of nicotine gum, globally.

 

 

 

 

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