The global nicotine gum market will reach US$1.5 billion in 2022 and is expected to increase to approximately US$2.4 billion by 2032.
Recently, the headquarters of Aroma King, a well-known European disposable e-cigarette brand, told Two Supremes that they have launched an innovative product - nicotine chewing gum called NoNic. This product is specially designed for the European market as a new alternative to traditional nicotine and is designed to cater to users who do not like smoke.
At the same time, Swiss emerging tobacco brand VONT also revealed to Two Supremes that they have launched nicotine chewing gum in Switzerland. This innovative product has attracted the attention of many consumers and received positive feedback.
The annual compound growth rate exceeds 5%. Several brands launch nicotine chewing gum.
VONT's nicotine chewing gum exhibited at the Dortmund exhibition | Source: Two Supremes
What is nicotine gum? It is understood that nicotine chewing gum is a chewing gum containing the active ingredient nicotine polacrilex. It is a type of nicotine replacement therapy (NRT) used alone or in combination with other drug therapies for smoking cessation and smokeless tobacco cessation.
According to data from data consulting agency GlobeNewswire, the global nicotine chewing gum market will reach US$1.5 billion in 2022. The market size is expected to increase to approximately US$2.4 billion by 2032, and is expected to continue growing at a compound annual growth rate of 5.1% starting from 2023.
GlobeNewswire provides a detailed analysis of the nicotine gum market in 2022:
By type, in 2022, the nicotine chewing gum market will be dominated by the 2 mg/piece chewing gum dosage segment.
In terms of distribution channels, the drug store segment accounted for the largest market share of the nicotine gum market in 2022 and accounted for the largest revenue share.
North America will dominate the market with the highest revenue share (33.6%) in 2022.
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