NICOTINE GUM MARKET 2018 Industry Survey, Growth, Competitive Landscape and Forecasts to 2022
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NICOTINE GUM MARKET 2018 Nicotine Gum Market 2018: Industry Survey, Growth, Competitive Landscape and Forecasts to 2022 The Global Market for Nicotine Gum has witnessed continued demand during the last few years and is projected to reach USD 5,986 Million by 2022, at a CAGR of 3.01%. Rise in demand for Nicotine Replacement Therapy (NRT) and its products, will drive the demand higher for nicotine gum in the decade. Increase in health awareness and higher availability of nicotine gum globally will support the market growth in the coming years. The nicotine gum market, based on type, is segmented into 2 mg, 4 mg, and 6 mg dosage forms. The 2 mg segment dominated with a market share of more than 50% and is projected to grow at the highest CAGR of 3.35% during the forecast period. The global nicotine gum market is at the maturity stage of its life cycle. To tap the consumer market, various flavors of nicotine gums including lemon, cinnamon, fruit, mint and others, have been introduced. The unique features of the product including rapid alleviation of nicotine withdrawal symptoms, capability of protecting oral mucosa, fluid-engendering, and throat-moistening have contributed to the innovation in the nicotine gum market.
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NICOTINE GUM MARKET 2018
Intended Audience: •
Nicotine gum manufacturers
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Pharmaceutical companies
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E-commerce
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Retailers
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Government organizations
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NICOTINE GUM MARKET 2018 Regional Analysis The prime objective of innovation in the nicotine gum products and processes are that of achieving reductions in cigarette consumption by offering various product forms, flavors, and packaging styles. The mechanism in Nicotine gums involves the release of nicotine which is absorbed by the body and binds with the nicotine receptors, reducing nicotine craving and withdrawal symptoms associated with smoking cessation. Despite high benefits, there are side-effects that include an increased heart rate, increased blood pressure, oral irritation, dental pain, hiccups, heartburn, nausea and indigestion, which has limited the nicotine gum potential demand. The 2 mg segment of Nicotine Gum had the largest market share in 2015, and is projected to grow at a CAGR of 3.35% during the forecast period. The 2 mg market segment has been targeted for those who smoke fewer than 25 cigarettes a day. The second dosage segment inclusive of 1 mg, 6 mg and other dosage forms witnessed an increased market growth during the period, 2011-2015. The North American region had the largest market share in 2015 and is projected to grow at a CAGR of 2.66% during the estimated period. Europe follows North-America and is an important region for nicotine gum exports. The Asia-Pacific region is emerging as new target region including China, India, and Japan and South-East Asian countries.
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NICOTINE GUM MARKET 2018 Application & Major Players in this Research: Nicotine Gum Market Prominent Players:
Novartis Consumer Health Inc, Perrigo Co. Plc.,
Pfizer Inc.,
Fertin Pharma, Glaxosmithkline Plc., Johnson & Johnson, Cambrex Corporation and Reynolds American
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