Global Nicotine Gum Market to Post 3.01% CAGR to 2022, States MRFR in Its In-demand Study Published at MarketPublishers.com10 Jan 2017 • by Natalie Aster
LONDON – Nicotine gum has been in steady demand over the past few years, with the sales anticipated to reach USD 5,986 million and market volume expected to amount to 5,551 million pieces by 2022. The global nicotine gum market is projected to register 3.01% CAGR over the forecast period. The hike in demand for nicotine replacement therapy (NRT) and its products is projected to give a boost to the demand for nicotine gum. An upsurge in health awareness as well as easy availability of nicotine gum worldwide is projected to stimulate the market growth in the years to come.
Based on dosage type, the 2 mg segment captured the lion’s share of 64.4% of the global nicotine gum market as of 2015. Further, this segment is set to post the most rapid CAGR of 3.35% in the offing, as against other dosage forms.
North America captured the largest market share of 43.67% as of 2015 and is set to register a 2.66% CAGR in the forthcoming years. The APAC region is emerging at a fast rate as the novel target market encompassing such lucrative markets as India, China, Japan, and South-East Asian nations.
Perrigo Co. Plc., Cambrex Corporation, Novartis Consumer Health Inc, Pfizer Inc., Glaxosmithkline Plc., Fertin Pharma, Johnson & Johnson, and Reynolds American are the leading players in the market.
In-demand research report “Nicotine Gum Market Forecast to 2020” drawn up by Market Research Future (MRFR) is a source of valuable data and information on the market. It provides detailed market segmentation by dosage type and by region. The study gives an analysis of the market drivers and restraints, canvasses the major factors that have to be addressed for a global adoption of nicotine gum, presents a deep understanding of the supply and demand dynamics; profiles the top players in the market, comprehensively evaluating their core competencies alongside drawing the competitive landscape of the market. The report examines the historical global market trends, sheds light on the technologies, and presents an overview of the present-day government regulations.
More in-demand market research reports by our partner can be found at its page.