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Nicotine Gum Market by Product and Geography - Forecast and Analysis 2021-2025

  • Published: Jan 2022
  • Pages: 120
  • SKU: IRTNTR72036
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The nicotine gum market share is expected to increase to USD 1.01 billion from 2020 to 2025 at an accelerating CAGR of 4.43%.

This market research report extensively covers nicotine gum market segmentations by the following:

  • Product - 2-mg nicotine and 4-mg nicotine
  • Geography - North America, Europe, APAC, South America, and MEA

This nicotine gum market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. The nicotine gum market report offers information on several market vendors, including British American Tobacco Plc, Cambrex Corp., Cipla Inc., GlaxoSmithKline Plc, Glenmark Pharmaceuticals Ltd., ITC Ltd., Johnson and Johnson Inc., Lil Drug Store Products Inc., Major Pharmaceuticals Inc., and Walgreen Co. among others.

What will the Nicotine Gum Market Size be During the Forecast Period?

Nicotine Gum Market Size

Download the Free Report Sample to Unlock the Nicotine Gum Market Size for the Forecast Period and Other Important Statistics

 

Nicotine Gum Market: Key Drivers, Trends, and Challenges

The increasing number of people trying to quit smoking is notably driving the nicotine gum market growth, although factors such as health issues associated with smoking cessation products may impede market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the nicotine gum industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Nicotine Gum Market Driver

  • The increasing number of people trying to quit smoking is one of the key drivers supporting the nicotine gum market growth. 
  • People who are trying to quit smoking are trying out various smoking cessation aids, such as e-cigarettes.
  • Many public awareness programs and campaigns that are conducted across the world encourage people to stop smoking.
  • For instance, the World Health Organization (WHO) observes May 31 every year as ?World No Tobacco Day.? Such programs create awareness about the health risks associated with smoking and encourage the introduction of effective policies to reduce tobacco consumption.
  • ?Campaign for Tobacco-Free Kids? helps people reduce tobacco use and decreases its deadly toll globally. Many such awareness programs are expected to drive market growth during the forecast period.

Key Nicotine Gum Market Trend

  • One of the key nicotine gum market trends fueling the market growth is the new product launch. 
  • Successful new product launches will help increase the revenue inflow and market share of the players.
  • New product launches retain the interest of consumers in the market. 
  • For instance, in February 2020, Lucy goods launched a new nicotine gum product with cinnamon fruit and mint-flavored nicotine gum in LA, California, US. Such expected new launch products will drive the nicotine gum market growth during the forecast period.

Key Nicotine Gum Market Challenge

  • The health issues associated with smoking cessation products is one of the factors hindering the nicotine gum market growth. 
  • Long-term use of nicotine gums can cause various health problems, such as hair loss, skin irritation, and others.
  • People who use nicotine gums have a higher risk of heart palpitations and chest pain compared to normal people.
  • Researchers have found that two primary ingredients found in e-cigarettes (propylene glycol and vegetable glycerin) are toxic to cells in the human body.
  • Propylene glycol and vegetable glycerin produce dangerous chemicals such as acetaldehyde, acrolein, and formaldehyde, which can cause lung and cardiovascular diseases. Such health-causing issues may impede the market growth during the forecast period.

This nicotine gum market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2021-2025.

Parent Market Analysis

Technavio categorizes the nicotine gum market as a part of the global tobacco market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the nicotine gum market during the forecast period.

Who are the Major Nicotine Gum Market Vendors?

The report analyzes the market's competitive landscape and offers information on several market vendors, including:

 

  • British American Tobacco Plc
  • Cambrex Corp.
  • Cipla Inc.
  • GlaxoSmithKline Plc
  • Glenmark Pharmaceuticals Ltd.
  • ITC Ltd.
  • Johnson and Johnson Inc.
  • Lil Drug Store Products Inc.
  • Major Pharmaceuticals Inc.
  • Walgreen Co.

 

This statistical study of the nicotine gum market encompasses successful business strategies deployed by the key vendors. The nicotine gum market is fragmented and the vendors are deploying growth strategies such as quality, price, service, brand image, distribution, and marketing to compete in the market.

Product Insights and News

  • British American Tobacco Plc - The company offers nicotine gum products under the brand name of Lyft.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The nicotine gum market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Nicotine Gum Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the nicotine gum market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chains is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

The value chain of the tobacco market includes the following core components:

  • Inputs
  • Inbound logistics
  • Operations
  • Outbound logistics
  • Marketing and sales
  • Support activities
  • Innovations

The report has further elucidated on other innovative approaches being followed by manufacturers to ensure a sustainable market presence.

 

Which are the Key Regions for Nicotine Gum Market?

Nicotine Gum Market Market segmentation by region

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31% of the market's growth will originate from North America during the forecast period. The US is the key market for nicotine gum market in North America. Market growth in this region will be faster than the growth of the market in Europe.

Many people trying to quit smoking will facilitate the nicotine gum market growth in North America over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

COVID Impact and Recovery Analysis

North America was severely affected by the COVID-19 pandemic in 2020. The pandemic led many government organizations in the region to impose a total lockdown to contain the spread of the disease. However, the region has shown positive growth in the economic situation as well as in awareness regarding the importance of immunity and health. Hence, continuously growing awareness about health will proliferate the demand for nicotine gum during the forecast period.

What are the Revenue-generating Product Segments in the Nicotine Gum Market?

Nicotine Gum Market Segmentation

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The nicotine gum market share growth by the 2-mg nicotine segment will be significant during the forecast period. The 2-mg nicotine gum is usually used by consumers who have their first cigarette about 30 minutes after waking up. This segment dominated the global nicotine gums market in 2021 with a 70.9% revenue share. To improve the consumers' chance of quitting smoking, it is advisable to chew at least nine pieces of nicotine gum each day for the first six weeks. The increasing number of new flavors will help in the growth of the segment during the forecast period.

This report provides an accurate prediction of the contribution of all the segments to the growth of the nicotine gum market size and actionable market insights on post COVID-19 impact on each segment.

 

Nicotine Gum Market Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Decelerate at a CAGR of 4.43%

Market growth 2021-2025

$ 1.01 billion

Market structure

Fragmented

YoY growth (%)

4.85

Regional analysis

North America, Europe, APAC, South America, and MEA

Performing market contribution

North America at 31%

Key consumer countries

US, Germany, France, China, and UK

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Key companies profiled

British American Tobacco Plc, Cambrex Corp., Cipla Inc., GlaxoSmithKline Plc, Glenmark Pharmaceuticals Ltd., ITC Ltd., Johnson and Johnson Inc., Lil Drug Store Products Inc., Major Pharmaceuticals Inc., and Walgreen Co.

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period

Customization purview

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What are the Key Data Covered in this Nicotine Gum Market Report?

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will drive nicotine gum market growth during the next five years
  • Precise estimation of the nicotine gum market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the nicotine gum industry across North America, Europe, APAC, South America, and MEA
  • A thorough analysis of the market's competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of nicotine gum market vendors

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1. Executive Summary                           

                1.1 Market Overview

                                Exhibit 01:  Key Finding 1

                                Exhibit 02:  Key finding 2

                                Exhibit 03:  Key finding 3

                                Exhibit 04:  Key finding 5

                                Exhibit 05:  Key finding 6

                                Exhibit 06:  Key Finding 7

                                Exhibit 07:  Key Finding 8

2. Market Landscape                             

                2.1 Market ecosystem             

                                2.1.1 Parent market

                                Exhibit 08:  Parent market

                                Exhibit 09:  Market characteristics

                2.2 Value chain analysis           

                                Exhibit 10:  Value chain analysis: Tobacco market

                                2.2.1 Inputs

                                2.2.2 Inbound logistics

                                2.2.3 Operations

                                2.2.4 Outbound logistics

                                2.2.5 Marketing and sales

                                2.2.6 Support activities

                                2.2.7 Innovations

3. Market Sizing                       

                3.1 Market definition

                                Exhibit 11:  Offerings of vendors included in the market definition

                3.2 Market segment analysis 

                                Exhibit 12:  Market segments

                3.3 Market size 2021 

                3.4 Market outlook: Forecast for 2021 - 2026 

                                3.4.1 Estimating growth rates for emerging and high-growth markets

                                3.4.2 Estimating growth rates for mature markets

                                Exhibit 13:  Global - Market size and forecast 2020 - 2025 ($ million)

                                Exhibit 14:  Global market: Year-over-year growth 2020 - 2025 (%)

4. Five Forces Analysis                          

                4.1 Five Forces Summary        

                                Exhibit 15:  Five forces analysis 2020 & 2025

                4.2 Bargaining power of buyers           

                                Exhibit 16:  Bargaining power of buyers

                4.3 Bargaining power of suppliers       

                                Exhibit 17: Bargaining power of suppliers

                4.4 Threat of new entrants    

                                Exhibit 18:  Threat of new entrants

                4.5 Threat of substitutes         

                                Exhibit 19: Threat of substitutes

                4.6 Threat of rivalry   

                                Exhibit 20: Threat of rivalry

                4.7 Market condition

                                Exhibit 21:  Market condition - Five forces 2020

5. Market Segmentation by Product               

                5.1 Market segments

                                The segments covered in this chapter are:

  • 2-mg nicotine
  • 4-mg nicotine

                                Exhibit 22:  Product - Market share 2021-2026 (%)

                5.2 Comparison by Product    

                                Exhibit 23:  Comparison by Product

                5.3 2-mg nicotine - Market size and forecast 2020-2025             

                                Exhibit 24:  2-mg nicotine - Market size and forecast 2020-2025 ($ million)

                                Exhibit 25:  2-mg nicotine - Year-over-year growth 2020-2025 (%)

                5.4 4-mg nicotine - Market size and forecast 2020-2025             

                                Exhibit 26:  4-mg nicotine - Market size and forecast 2020-2025 ($ million)

                                Exhibit 27:  4-mg nicotine - Year-over-year growth 2020-2025 (%)

                5.5 Market opportunity by Product    

                                Exhibit 28:  Market opportunity by Product

6. Customer landscape                         

                                Technavio’s customer landscape matrix comparing Drivers or price sensitivity, Adoption lifecycle, importance in customer price basket, Adoption rate and Key purchase criteria

                6.1 Overview

                                Exhibit 29:  Customer landscape

7. Geographic Landscape                     

                7.1 Geographic segmentation

                                The regions covered in the report are:

  • North America
  • Europe
  • APAC
  • South America
  • MEA

                                Exhibit 30:  Market share by geography 2020-2025 (%)

                7.2 Geographic comparison   

                                Exhibit 31:  Geographic comparison

                7.3 North America - Market size and forecast 2020-2025           

                                Exhibit 32:  North America - Market size and forecast 2020-2025 ($ million)

                                Exhibit 33:  North America - Year-over-year growth 2020-2025 (%)

                7.4 Europe - Market size and forecast 2020-2025          

                                Exhibit 34:  Europe - Market size and forecast 2020-2025 ($ million)

                                Exhibit 35:  Europe - Year-over-year growth 2020-2025 (%)

                7.5 APAC - Market size and forecast 2020-2025              

                                Exhibit 36:  APAC - Market size and forecast 2020-2025 ($ million)

                                Exhibit 37:  APAC - Year-over-year growth 2020-2025 (%)

                7.6 South America - Market size and forecast 2020-2025           

                                Exhibit 38:  South America - Market size and forecast 2020-2025 ($ million)

                                Exhibit 39:  South America - Year-over-year growth 2020-2025 (%)

                7.7 MEA - Market size and forecast 2020-2025               

                                Exhibit 40:  MEA - Market size and forecast 2020-2025 ($ million)

                                Exhibit 41:  MEA - Year-over-year growth 2020-2025 (%)

                7.8 Key leading countries        

                                Exhibit 42:  Key leading countries

                7.9 Market opportunity by geography

                                Exhibit 43:  Market opportunity by geography ($ million)

8. Drivers, Challenges, and Trends                   

                8.1 Market drivers     

                                8.1.1 Increasing number of people trying to quit smoking

                                8.1.2 Increasing awareness about the harmful effects of cigarette smoking

                                8.1.3 Growing enrolment in smoking cessation therapies

                8.2 Market challenges              

                                8.2.1 Health issues associated with smoking cessation products

                                8.2.2 Increasing use of e-cigarettes among teenagers

                                8.2.3 Presence of substitute products

                                8.2.4 Stringent regulations

                                Exhibit 44:  Impact of drivers and challenges

                8.3 Market trends      

                                8.3.1 New product launch

                                8.3.2 Addiction to nicotine gums

                                8.3.3 Increasing awareness regarding health hazards associated with smoking

9. Vendor Landscape                             

                9.1 Overview

                                Exhibit 45:  Vendor landscape

                9.2 Landscape disruption        

                                Exhibit 46:  Landscape disruption

                                Exhibit 47:  Industry risks

                9.3 Competitive scenario        

10. Vendor Analysis               

                10.1 Vendors covered              

                                Exhibit 48:  Vendors covered

                10.2 Market positioning of vendors    

                                Exhibit 49: Market positioning of vendors

                10.3 British American Tobacco Plc       

                                Exhibit 50:  British American Tobacco Plc - Overview

                                Exhibit 51:  British American Tobacco Plc - Business segments

                                Exhibit 52:  British American Tobacco Plc - Key offerings

                                Exhibit 53:  British American Tobacco Plc - Segment focus

                10.4 Cambrex Corp.  

                                Exhibit 54:  Cambrex Corp. - Overview

                                Exhibit 55:  Cambrex Corp. - Product and service

                                Exhibit 56:  Cambrex Corp. - Key offerings

                10.5 Cipla Inc.

                                Exhibit 57:  Cipla Inc. - Overview

                                Exhibit 58:  Cipla Inc. - Business segments

                                Exhibit 59:  Cipla Inc. - Key offerings

                                Exhibit 60:  Cipla Inc. - Segment focus

                10.6 GlaxoSmithKline Plc         

                                Exhibit 61:  GlaxoSmithKline Plc - Overview

                                Exhibit 62:  GlaxoSmithKline Plc - Business segments

                                Exhibit 63:  GlaxoSmithKline Plc - Key offerings

                                Exhibit 64:  GlaxoSmithKline Plc - Segment focus

                10.7 Glenmark Pharmaceuticals Ltd.  

                                Exhibit 65:  Glenmark Pharmaceuticals Ltd. - Overview

                                Exhibit 66:  Glenmark Pharmaceuticals Ltd. - Business segments

                                Exhibit 67:  Glenmark Pharmaceuticals Ltd. - Key offerings

                                Exhibit 68:  Glenmark Pharmaceuticals Ltd. - Segment focus

                10.8 ITC Ltd.

                                Exhibit 69:  ITC Ltd. - Overview

                                Exhibit 70:  ITC Ltd. - Business segments

                                Exhibit 71:  ITC Ltd. - Key offerings

                                Exhibit 72:  ITC Ltd. - Segment focus

                10.9 Johnson and Johnson Inc.              

                                Exhibit 73:  Johnson and Johnson Inc.  - Overview

                                Exhibit 74:  Johnson and Johnson Inc.  - Business segments

                                Exhibit 75:  Johnson and Johnson Inc.  - Key offerings

                                Exhibit 76:  Johnson and Johnson Inc.  - Segment focus

                10.10 Lil Drug Store Products Inc.        

                                Exhibit 77:  Lil Drug Store Products Inc. - Overview

                                Exhibit 78:  Lil Drug Store Products Inc. - Product and service

                                Exhibit 79:  Lil Drug Store Products Inc. - Key offerings

                10.11 Major Pharmaceuticals Inc.        

                                Exhibit 80:  Major Pharmaceuticals Inc. - Overview

                                Exhibit 81:  Major Pharmaceuticals Inc. - Product and service

                                Exhibit 82:  Major Pharmaceuticals Inc. - Key offerings

                10.12 Walgreen Co.   

                                Exhibit 83:  Walgreen Co. - Overview

                                Exhibit 84:  Walgreen Co. - Product and service

                                Exhibit 85:  Walgreen Co. - Key offerings

11. Appendix                            

                11.1 Scope of the report         

                                11.1.1 Market definition

                                11.1.2 Objectives

                                11.1.3 Notes and caveats

                11.2 Currency conversion rates for US$            

                                Exhibit 86:  Currency conversion rates for US$

                11.3 Research Methodology 

                                Exhibit 87:  Research Methodology

                                Exhibit 88:  Validation techniques employed for market sizing

                                Exhibit 89:  Information sources

                11.4 List of abbreviations        

                                Exhibit 90:  List of abbreviations

 

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.

TechnavioINFORMATION SOURCES

Primary sources

  • Manufacturers and suppliers
  • Channel partners
  • Industry experts
  • Strategic decision makers

Secondary sources

  • Industry journals and periodicals
  • Government data
  • Financial reports of key industry players
  • Historical data
  • Press releases
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TechnavioDATA ANALYSIS

Data Synthesis

  • Collation of data
  • Estimation of key figures
  • Analysis of derived insights

Data Validation

  • Triangulation with data models
  • Reference against proprietary databases
  • Corroboration with industry experts
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TechnavioREPORT WRITING

Qualitative

  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis

Quantitative

  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape
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Nicotine Gum market growth will increase by $1012.85 million during 2020-2025.
The nicotine gum market is expected to grow at a CAGR of 4.43% during 2020-2025.
Technavio has segmented the nicotine gum market by product (2-mg nicotine and 4-mg nicotine) and geographic (North America, Europe, APAC, South America, and MEA).
British American Tobacco Plc, Cambrex Corp., Cipla Inc., GlaxoSmithKline Plc, Glenmark Pharmaceuticals Ltd., ITC Ltd., Johnson and Johnson Inc., Lil Drug Store Products Inc., Major Pharmaceuticals Inc., Walgreen Co. are a few of the key vendors in the nicotine gum market.
North America will register the highest growth rate of 31.17% among the other regions. Therefore, the nicotine gum market in North America is expected to garner significant business opportunities for the vendors during the forecast period.
The key factors driving the nicotine gum market growth are:
  • Increasing number of people trying to quit smoking
The nicotine gum market vendors should focus on grabbing business opportunities from the 2-mg nicotine segment as it accounted for the largest market share in the base year.
  • What are the key global market and the regional market share?
  • What are the revenue-generating key market segments?
  • What are the key factors driving and challenging this market’s growth?
  • Who are the key market vendors and their growth strategies?
  • What are the latest trends influencing the growth of this market?
  • What are the variables influencing the market growth in the primary regions?
  • What are the factors influencing the growth of the parent market?
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