Market Overview

The global nicotine gum market size was valued at USD 1.63 billion in 2023 and is projected to grow from USD 1.70 billion in 2024 to USD 2.55 billion by 2032, exhibiting a CAGR of 5.1% during the forecast period (2024-2032).

Rising health awareness and prevalence of illnesses are expected to enhance the market growth. Fortune Business Insights™ presents this information in its report titled “Nicotine Gum Market, 2024-2032.”

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List of Key Players Profiled in the Nicotine Gum Market Report

• GlaxoSmithKline plc (U.K.)
• Johnson & Johnson (S.)
• Novartis Consumer Health (Germany)
• ITC Limited (India)
• Cipla Health Limited (India)
• Perrigo Company Plc (Ireland)
• Fertin Pharma (Denmark)
• Alchem International (India)
• Revolymer (U.K.)

Segmentation

2MG Segment to Dominate Owing to its Easy Availability

By product type, the market is segmented into 2mg, 4mg, and 6mg.

The 6mg segment is expected to dominate due to its easy availability. The product's availability in several flavors may attract potential consumers, thereby boosting market progress. It reduces craving and nicotine withdrawal capability.

Pharmaceutical Sector to Dominate Owing to Consumer Preferences for Purchasing in Nearby Stores

By distributional channel, it is classified into supermarkets and hypermarkets, pharmacies, and online