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The natural gum market size is projected to increase by USD 2.14 billion at a CAGR of 7.67% between 2023 and 2028.
The natural gum market in North America is witnessing a significant growth rate attributed to a decline in smokers, particularly in the US and Canada. The rising adoption of nicotine gum, known for its benefits in reducing smoking, has fueled this shift. Natural gum serves as a convenient replacement for artificial alternatives causing jaw pain and tooth decay It is gaining traction amongst the users. Government initiatives, including increased tobacco prices and consumer education on smoking's harmful effects, are expected to further boost demand. Key player Agro Gums contributes to the market with offerings like classic gum powder, guar gum powder, and sesbania gum powder, aligning with the market forecast. Such factors are expected to drive the regional market growth during the forecast period.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by End-user
7 Market Segmentation by Type
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
Secondary sources
DATA ANALYSIS
Data Synthesis
Data Validation
REPORT WRITING
Qualitative
Quantitative
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