Market Research Future (Food and Beverages) Nicotine Gum Market Research Report by Size, Share | страница 3

Global Nicotine Gum Market Research Report- Forecast to 2022
2 Market Overview
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.
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.
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