Global Nicotine Gum Market Expected to Grow to $1.8 billion by 2023
According to media reports on November 20th, 2022, the global nicotine gum market is estimated to be valued at $1.2 billion, with expectations for it to grow to $1.8 billion by 2030.
The compound annual growth rate (CAGR) of this market is projected to be 5.7% from 2023 to 2030. The increasing global demand for nicotine replacement therapy (NRT) products, particularly nicotine gum, is the main driving factor behind this growth. With a growing number of tobacco consumers seeking effective smoking cessation methods and attempting to reduce their exposure to harmful substances in cigarette smoke, the demand for NRT products is on the rise.
This article is translated from an original Chinese article available on 2firsts.cn by AI, and has been reviewed and edited by 2FIRSTS's English editorial team. The Chinese original text is the only authoritative source of information. The exclusive copyright and license rights to this article are held by 2FIRSTS Technology Co., Ltd. Any reproduction, reprinting, or redistribution of this article, either in part or in full, requires express written permission from 2FIRSTS and must include clear attribution along with a link to this content. Non-compliance may result in legal action. 2FIRSTS Technology Co., Ltd. reserves the right to pursue legal actions in case of unauthorized use or distribution.