Latin America Nicotine Gum Market Size & Outlook

The nicotine gum market in Latin America is expected to reach a projected revenue of US$ 158.7 million by 2030. A compound annual growth rate of 4.3% is expected of Latin America nicotine gum market from 2024 to 2030.
Revenue, 2023 (US$M)
$118.1
Forecast, 2030 (US$M)
$158.7
CAGR, 2024 - 2030
4.3%
Report Coverage
Latin America

Latin America nicotine gum market highlights

  • The Latin America nicotine gum market generated a revenue of USD 118.1 million in 2023.
  • The market is expected to grow at a CAGR of 4.3% from 2024 to 2030.
  • In terms of segment, 2 mg was the largest revenue generating product in 2023.
  • 4 mg is the most lucrative product segment registering the fastest growth during the forecast period.
  • Country-wise, Mexico is expected to register the highest CAGR from 2024 to 2030.

Latin America data book summary

Market revenue in 2023USD 118.1 million
Market revenue in 2030USD 158.7 million
Growth rate4.3% (CAGR from 2023 to 2030)
Largest segment2 mg
Fastest growing segment4 mg
Historical data covered2017 - 2022
Base year for estimation2023
Forecast period covered2024 - 2030
Quantitative unitsRevenue in USD million
Market segmentation2 mg, 4 mg
Key market players worldwideJohnson & Johnson, Novartis AG ADR, ITC Ltd DR, Cipla Ltd DR, Perrigo Co PLC, Philip Morris International Inc, British American Tobacco

Other key industry trends

  • In terms of revenue, Latin America region accounted for 8.6% of the global nicotine gum market in 2023.
  • Globally, North America is projected to lead the regional market in terms of revenue in 2030.
  • Asia Pacific is the fastest growing regional market and is projected to reach USD 571.4 million by 2030.

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Nicotine Gum Market Companies

Name Profile # Employees HQ Website

Latin America 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 56.05% in 2023. Horizon Databook has segmented the Latin America nicotine gum market based on 2 mg, 4 mg covering the revenue growth of each sub-segment from 2017 to 2030.


  • Latin America Nicotine Gum Product Outlook (Revenue, USD Million, 2017-2030)
    • 2 mg
    • 4 mg
  • Latin America Nicotine Gum Distribution Channel Outlook (Revenue, USD Million, 2017-2030)
    • Supermarkets/Hypermarkets
    • Convenience Stores
    • Pharmacies
    • Online

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Target buyers of Latin America nicotine gum market databook

  • Our clientele includes a mix of nicotine gum market companies, investment firms, advisory firms & academic institutions.
  • 30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
  • Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
  • 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 continent-level data and insights on the Latin America nicotine gum market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America nicotine gum market from 2017 to 2030, including revenue numbers, major trends, and company profiles.

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Latin America nicotine gum market size, by country, 2017-2030 (US$M)

Latin America Nicotine Gum Market Outlook Share, 2023 & 2030 (US$M)

Latin America nicotine gum market size, by country, 2017-2030 (US$M)

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