Nicotine gum is a medicated chewing gum that delivers nicotine to the body and is used as an aid to quit smoking. Nicotine gum works by releasing small doses of nicotine into the bloodstream when chewed. This satisfies the nicotine cravings of the user and reduces the withdrawal symptoms experienced when quitting smoking. The global nicotine gum market is driven by the growing number of individuals attempting to quit the smoking habit. Furthermore, the rising awareness about the health hazards of smoking and the benefits of nicotine gum in cessation is also fueling the demand for nicotine gum products worldwide. However, stringent regulations pertaining to the sale and use of nicotine gum may hinder the market growth in the coming years.
Market Dynamics:
The global nicotine gum market is driven by factors such as the increasing number of smokers wanting to quit smoking, growing awareness about the health issues of smoking, and wider availability and acceptance of chewing gum as an alternative to cigarettes. However, strict regulations regarding the sale and marketing of nicotine gum products restrain the growth of the market. Furthermore, the introduction of innovative nicotine delivery methods and alternative smoking cessation products pose a threat to convention nicotine gums. Major players are investing in R&D to develop technologically advanced nicotine gum formulations for better effectiveness and convenience. This is expected to present lucrative opportunities for market players in the near future.
Key features of the study:
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.
Download eBook