Market Overview

The Global Nicotine Gum Market was valued at USD 1,728.5 million in 2023 and is expected to reach USD 2,775.8 million by 2031 while growing at a CAGR of 6.1% during the forecast period (2024-2031).

*Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report

Market Dynamics

This section of the report will analyze various driving and restraining factors that are expected to have a significant impact on the global nicotine gum market growth. Nicotine gum, containing nicotine, aids smoking cessation by managing cravings in a controlled manner. It's available over-the-counter and is commonly used in smoking cessation programs.

Growing awareness of health risks and the desire to quit smoking drive the nicotine gum market's growth. However, challenges like side effects and tolerance, along with social stigma and perception, may impede market expansion.

Furthermore, the global nicotine gum industry will be analyzed through various tools including PESTLE analysis, and Porter’s analysis.

Segmentation – By Type Analysis

The Global Nicotine Gum Market is segmented among 2 mg Nicotine Gum, and 4 mg Nicotine Gum, based on type. In 2023, 2 mg Nicotine Gum accounted for the majority of the market share*.

*Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report

Segmentation – By Distribution Channel Analysis

The Global Nicotine Gum Market is segmented among Supermarkets/Hypermarkets, Convenience Stores/Tobacco Stores, Online Retail Stores, and Other Distribution Channels, based on Distribution Channel. In 2023, Convenience Stores/Tobacco Stores accounted for the majority of the market share*.

*Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report

Global Nicotine Gum Market: Regional Analysis

Based on region, the market is divided into six regions including North America, Europe, Asia Pacific, Latin America, Middle East, and Africa. In 2023, North America dominated the market with the highest market share, while Asia Pacific is expected to grow with the highest CAGR during the forecast period (2024 – 2031).

*Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report

Competitive Landscape

Some of the key players operating in the market are British American Tobacco, Haleon Group of Companies, ITC Limited, Johnson & Johnson, Perrigo Company plc, Philip Morris International Inc., Rubicon Research (Rubicon Consumer Healthcare), Alchem International Pvt. Limited, Cipla Limited, Die betapharm Arzneimittel GmbH, and Alkalon A/S.

Table of Contents:

1. Research Methodology and Market Scope

• Research Methodology

• Market Scope

2. Executive Summary

3. Global Nicotine Gum Market Dynamics

• Drivers

• Restraints

• Opportunity

4. Global Nicotine Gum Industry Analysis

• PEST Analysis

• Porter's Five Force Analysis

• Recent Deals Analysis

5. Global Nicotine Gum Market Segmentation, By Type

• Global Nicotine Gum Market Share Analysis, By Type

• Global Nicotine Gum Market Growth Analysis, By Type

• Global Nicotine Gum Market Trends, By Type

o 2 mg Nicotine Gum

o 4 mg Nicotine Gum

6. Global Nicotine Gum Market Segmentation, By Distribution Channel

• Global Nicotine Gum Market Share Analysis, By Distribution Channel

• Global Nicotine Gum Market Growth Analysis, By Distribution Channel

• Global Nicotine Gum Market Trends, By Distribution Channel

o Supermarkets/Hypermarkets

o Convenience Stores/Tobacco Stores

o Online Retail Stores

o Other Distribution Channels

7. Global Nicotine Gum Market Segmentation, By Region

• Global Nicotine Gum Market Share Analysis, By Region

• Global Nicotine Gum Market Growth Analysis, By Region

• Global Nicotine Gum Market Trends, By Region

o North America

o Europe

o Asia Pacific

o Latin America

o Middle East

o Africa

8. Competitive Landscape

• British American Tobacco*

o Company Overview

o Financial Performance

o Key Development/Strategies

o SWOT Analysis

• Haleon Group of Companies

• ITC Limited

• Johnson & Johnson

• Perrigo Company plc

• Philip Morris International Inc.

• Rubicon Research (Rubicon Consumer Healthcare)

• Alchem International Pvt. Limited

• Cipla Limited

• Die betapharm Arzneimittel GmbH

• Alkalon A/S   

 *Similar analysis will be provided for each company listed above.