Nicotine Gum Market Overview and Manufacturing Cost Structure : Industry Forecast Report
Market Overview
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 . Increase 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 prime objective of innovation in nicotine gum products and processes include achieving reductions in cigarette consumption by offering various product forms , flavors , and packaging styles .
Market Forecast
Increase in awareness on the benefits of NRT products in terms of both efficacy and effectiveness has resulted in higher demand for nicotine replacement therapy ( NRT ) products including nicotine gums . According tobacco Australia , NRT helps in long-term quitting by 50 – 70 %. Some studies reveal that use of nicotine gum or inhaler can help smokers to reduce the number of cigarettes they smoke and their intake of carbon monoxide . The nicotine gum market , based on type , is segmented into 2 mg , 4 mg , and 6 mg dosage forms . The 2 mg segment of Nicotine Gum had the largest market share in the year 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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The major Key Players in Nicotine Gum Market are
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