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Global Nicotine Gum Market Expected to Grow to $1.8 billion by 2023

Industry Insight by 2FIRSTS.ai
Nov.21.2023
Global Nicotine Gum Market Expected to Grow to $1.8 billion by 2023
Global nicotine gum market is estimated to reach $1.2 billion in 2022, expected to grow to $1.8 billion by 2030, driven by increasing demand for nicotine replacement therapy (NRT) products.

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.

 

References:
[1] Nicotine Gum Market is projected to witness lucrative growth by reaching up to USD 1.8 billion by 2030
Also Read:
[1] Call for Canadian Government to Restrict Sale of Zonnic Nicotine Products
[2] Aroma King Introduces NoNic: Innovative Nicotine Chewing Gum
#Global#Nicotine products#E-cigarette Market#Nicotine e-cigarettes#Nicotine-containing e-cigarettes

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1.  This article is intended solely for professional research purposes related to industry, technology, and policy. Any references to brands or products are made purely for objective description and do not constitute any form of endorsement, recommendation, or promotion by 2Firsts.

2.  The use of nicotine-containing products — including, but not limited to, cigarettes, e-cigarettes, nicotine pouchand heated tobacco products — carries significant health risks. Users are responsible for complying with all applicable laws and regulations in their respective jurisdictions.

3.  This article is not intended to serve as the basis for any investment decisions or financial advice. 2Firsts assumes no direct or indirect liability for any inaccuracies or errors in the content.

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AI Assistance Disclaimer

 

This article may have been enhanced using AI tools to improve translation and editorial efficiency. However, due to technical limitations, inaccuracies may occur. Readers are encouraged to refer to the cited sources for the most accurate information.

We welcome any corrections or feedback. Please contact us at: info@2firsts.com

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