Subjects: SVY, MAT, MRR
Nicotine gum market size to grow by USD 1.01 billion from 2020 to 2025: A descriptive analysis of customer landscape, vendor assessment, and market dynamics - Technavio
NEW YORK, Jan. 23, 2023 /PRNewswire/ -- The global nicotine gum market size is estimated to increase by USD 1.01 billion from 2020 to 2025. However, the market's growth momentum will decelerate at a CAGR of 4.43% during the forecast period. The competitive scenario categorizes companies based on various performance indicators. Some of the factors considered include the financial performance of companies, growth strategies, product innovations, new product launches, investments, and growth in market share, among others ? Buy the report!
Global nicotine gum market - Customer landscape
To help companies evaluate and develop growth strategies, the report outlines ?
- Key purchase criteria
- Adoption rates
- Adoption lifecycle
- Drivers of price sensitivity
Global nicotine gum market ? Vendor analysis
Vendor landscape ?
The global nicotine gum market is fragmented, with the presence of several international and domestic vendors. A few prominent vendors that offer nicotine gum in the market are 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., and others.
The market is subject to rapidly changing consumer demands and preferences. Vendors in the market compete on several factors, such as quality, price, service, brand image, distribution, and marketing. Moreover, major vendors are focusing on acquiring smaller brands to increase their market presence.
Vendor offerings -
- British American Tobacco Plc - The company offers nicotine gum products under the brand name of Lyft.
- Cambrex Corp. - The company offers nicotine gum products under the brand name Nicotine Polacrilex.
- Cipla Inc. - The company offers nicotine gum products under the brand name Nicotex.
- GlaxoSmithKline Plc - The company offers nicotine gum products under the brand name Nicotinell.
- For details on vendors and their offerings - Request a sample report
Global nicotine gum market - Segmentation assessment
Segment overview
Technavio has segmented the market based on product (2-mg nicotine and 4-mg nicotine).
- The 2-mg nicotine segment will account for a significant share of the market's growth during the forecast period. In 2021, this segment dominated the global nicotine gums market, with a 70.9% revenue share. The growth of the 2-mg nicotine segment is attributed to factors such as the increasing number of new flavors.
Geography overview
Based on geography, the global nicotine gum market is segmented into North America, Europe, APAC, South America, and MEA. The report provides actionable insights and estimates the contribution of all regions to the growth of the global nicotine gum market.
- North America will account for 31% of the market's growth during the forecast period. The US is a key country for the nicotine gum market in North America. Moreover, market growth in this region will be faster than the growth of the market in Europe. Many people in the region are trying to quit smoking, which will drive the nicotine gum market growth in North America during the forecast period.
Global nicotine gum market ? Market dynamics
Leading drivers - The increasing number of people trying to quit smoking is driving the nicotine gum market growth. Many people across the world are trying to quit smoking with the help of various smoking cessation aids, such as e-cigarettes and nicotine gum. Public awareness programs and campaigns are being conducted across the world to encourage people to stop smoking. For instance, the World Health Organization (WHO) observes May 31st of every year as World No Tobacco Day. Similarly, Campaign for Tobacco-Free Kids helps people reduce tobacco use. Such awareness programs are expected to fuel the market growth during the forecast period.
Key trends ? The launch of new products is a key trend in the market. Successful product launches increase the revenue inflow and market share of players. They also 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 flavor in California, US. Such product launches will support the nicotine gum market growth during the forecast period.
Major challenges - Health issues associated with smoking cessation products are challenging the nicotine gum market growth. Long-term use of nicotine gums can lead to health issues such as hair loss and skin irritation. In addition, users of nicotine gums are at a higher risk of heart palpitations and chest pain. Such health issues may impede the market growth during the forecast period.
What are the key data covered in this nicotine gum market report?
- CAGR of the market during the forecast period
- Detailed information on factors that will drive the growth of the nicotine gum market between 2021 and 2025
- Precise estimation of the size of the nicotine gum market and its contribution to the parent market
- Accurate predictions about upcoming trends and changes in consumer behavior
- Growth of the nicotine gum market across North America, Europe, APAC, South America, and MEA
- A thorough analysis of the market's competitive landscape and detailed information about vendors
- Comprehensive analysis of factors that will challenge the growth of Nicotine Gum Market vendors
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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 | USD 1.01 billion |
Market structure | Fragmented |
YoY growth 2020-2021 (%) | 4.85 |
Regional analysis | North America, Europe, APAC, South America, and MEA |
Performing market contribution | North America at 31% |
Key countries | US, Germany, France, China, and UK |
Competitive landscape | Leading vendors, market positioning of vendors, competitive strategies, and industry risks |
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, and market condition analysis for the forecast period. |
Customization purview | If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
Browse for Technavio's consumer staples market reports
Table of contents
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 - 2025
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 2021-2025 (%)
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
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