Global Nicotine Gum Market Size & Outlook, 2023-2030
Global nicotine gum market, 2017-2030 (US$M)
Related Markets
Global nicotine gum market highlights
- The global nicotine gum market generated a revenue of USD 1,365.7 million in 2023 and is expected to reach USD 2,003.4 million by 2030.
- The market is expected to grow at a CAGR (2024 - 2030) of 5.6% by 2030.
- In terms of segment, 2 mg accounted for a revenue of USD 761.7 million in 2023.
- 4 mg is the most lucrative product segment registering the fastest growth during the forecast period.
- In terms of region, North America was the largest revenue generating market in 2023.
- Country-wise, U.S. is expected to register the highest CAGR from 2024 to 2030.
Global data book summary
| Market revenue in 2023 | USD 1,365.7 million |
| Market revenue in 2030 | USD 2,003.4 million |
| Growth rate | 5.6% (CAGR from 2023 to 2030) |
| Largest segment | 2 mg |
| Fastest growing segment | 4 mg |
| Historical data covered | 2017 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | 2 mg, 4 mg |
Other key industry trends
- In terms of revenue, the North America accounted for 29.8% of the global nicotine gum market in 2023.
- By country, the U.S. is projected to lead the global market in terms of revenue in 2030.
- By country, U.S. is the fastest growing regional market and is projected to reach USD 307.0 million by 2030.
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Nicotine Gum Market Scope
Nicotine Gum Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Global nicotine gum market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to nicotine gum market will help companies and investors design strategic landscapes.
2 mg was the largest segment with a revenue share of 55.77% in 2023. Horizon Databook has segmented the Global nicotine gum market based on 2 mg, 4 mg covering the revenue growth of each sub-segment from 2017 to 2030.
- Global Nicotine Gum Product Outlook (Revenue, USD Million, 2017-2030)
- 2 mg
- 4 mg
- Global Nicotine Gum Distribution Channel Outlook (Revenue, USD Million, 2017-2030)
- Supermarkets/Hypermarkets
- Convenience Stores
- Pharmacies
- Online
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Target buyers of Global nicotine gum market databook
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Our clientele includes a mix of nicotine gum market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of global-level data and insights on the Global nicotine gum market , including forecasts for subscribers. This global databook contains high-level insights into Global nicotine gum market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
Global nicotine gum market size, by regions, 2017-2030 (US$M)
Top 10 countries: Nicotine gum market size, 2023 (US$M)
Global nicotine gum market share, by product, 2023 & 2030 (%, US$M)
Nicotine gum market: Opportunity assessment by country
Global nicotine gum market, by region, 2023 (US$M)
| Product | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 | CAGR |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| North America | 285.0 | 320.3 | 343.4 | 356.2 | 378.8 | 390.4 | 406.4 | 423.9 | 442.9 | 463.6 | 486.6 | 512.6 | 541.9 | 575.0 | 5.1% |
| Europe | 188.0 | 213.0 | 230.2 | 240.7 | 258.1 | 268.2 | 281.5 | 296.0 | 311.8 | 329.0 | 348.1 | 369.7 | 394.0 | 421.5 | 5.9% |
| Asia Pacific | 237.6 | 270.7 | 294.2 | 309.3 | 333.4 | 348.2 | 367.5 | 388.5 | 411.4 | 436.5 | 464.4 | 495.8 | 531.3 | 571.4 | 6.5% |
| Latin America | 86.5 | 96.5 | 102.7 | 105.8 | 111.7 | 114.2 | 118.1 | 122.2 | 126.8 | 131.7 | 137.3 | 143.5 | 150.6 | 158.7 | 4.3% |
| MEA | 131.2 | 148.2 | 159.7 | 166.4 | 177.8 | 183.9 | 192.2 | 201.2 | 210.9 | 221.3 | 233.0 | 245.9 | 260.5 | 276.9 | 5.4% |
| Overall | 928.2 | 1,048.7 | 1,130.1 | 1,178.3 | 1,259.7 | 1,304.9 | 1,365.7 | 1,431.7 | 1,503.7 | 1,582.0 | 1,669.4 | 1,767.5 | 1,878.3 | 2,003.4 | 5.6% |
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