Nicotine gum is a chewing gum that helps in smoking abstinence by releasing nicotine into the bloodstream of the user. Nicotine gums, even though contains nicotine, do not contain tar likely cigarettes and other tobacco products, which is the main advantage of the product. Tar is mainly responsible for the occurrence of various oncological disorders. Market Research Future (MRFR) has recently launched a report on the global nicotine gum market and has predicted a CAGR of 3.01% over the forecast period of 2019-2022. MRFR’s analysis has further asserted that the market is likely to reach a valuation of USD 5,986 Mn by the end of 2022.
Moved by the multiplying popularity of nicotine gums, manufacturers are launching new products in varied flavors to tap a broader base of consumers. Moreover, aggressive marketing and advertising activities are also helping in increasing the product visibility of nicotine gums. Nicotine gums are readily available across shops and over the counter, which has boosted their sales in recent years. Besides, the affordable price of nicotine gums remains a key selling proposition.
Global Nicotine Gum Market Trend has been segmented based on type, which includes 2 mg, 4 mg, and 6 mg dosage forms. The 2mg segment accounts for almost 50% share of the global market and is likely to expand at a CAGR of 3.35% over the forecast period. The 2mg dosage of nicotine cigarettes are aimed at those smokers who smoke less than 25 cigarettes daily. The demographic of such smokers is high due to which the segment is experiencing high demand.