Tobacco Alternative Gums Market Strategic Business Report 2024: Introduction of Sugar-Free and Low-Calorie Options


Dublin, Aug. 21, 2024 (GLOBE NEWSWIRE) -- The "Tobacco Alternative Gums - Global Strategic Business Report" has been added to ResearchAndMarkets.com's offering.

The global market for Tobacco Alternative Gums was estimated at US$2.9 Billion in 2023, and is projected to reach US$4.3 Billion by 2030, growing at a CAGR of 6.0% from 2023 to 2030.

Key Market Trends & Drivers:

  • Rising Health Awareness and Anti-Smoking Campaigns
  • Increasing Regulatory Restrictions on Tobacco Products
  • Innovations in Flavor and Product Formulations
  • Growing Popularity of Nicotine Replacement Therapies (NRTs)
  • Expansion in Retail Distribution Channels
  • Demand for Over-the-Counter Smoking Cessation Aids
  • Technological Advancements in Gum Manufacturing
  • Influence of Social Media and Digital Marketing
  • Introduction of Sugar-Free and Low-Calorie Options
  • Growing Adoption in Emerging Markets



Key Insights:

  • Market Growth: Understand the significant growth trajectory of the 2 mg Nicotine Content Gums segment, which is expected to reach US$3.5 Billion by 2030 with a CAGR of a 6.4%. The 4 mg Nicotine Content Gums segment is also set to grow at 4.5% CAGR over the analysis period.
  • Regional Analysis: Gain insights into the U.S. market, estimated at $764.4 Million in 2023, and China, forecasted to grow at an impressive 9.7% CAGR to reach $986.9 Million by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.

Key Questions Answered:

  • How is the Global Tobacco Alternative Gums Market expected to evolve by 2030?
  • What are the main drivers and restraints affecting the market?
  • Which market segments will grow the most over the forecast period?
  • How will market shares for different regions and segments change by 2030?
  • Who are the leading players in the market, and what are their prospects?

Report Features:

  • Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2023 to 2030.
  • In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
  • Company Profiles: Coverage of major players such as Alchem International Pvt. Ltd., Cambrex Corp., Cipla Inc., and more.
  • Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.

Select Competitors (Total 41 Featured):

  • Alchem International Pvt. Ltd.
  • Cambrex Corp.
  • Cipla Inc.
  • Dr. Reddys Laboratories Ltd.
  • GlaxoSmithKline
  • ITC Ltd.
  • Johnson & Johnson
  • Novartis
  • Perrigo Co.
  • Reynolds American Incorporated
  • Takeda Pharmaceutical Co. Ltd.

Key Attributes:

Report AttributeDetails
No. of Pages275
Forecast Period2023 - 2030
Estimated Market Value (USD) in 2023$2.9 Billion
Forecasted Market Value (USD) by 2030$4.3 Billion
Compound Annual Growth Rate6.0%
Regions CoveredGlobal



For more information about this report visit https://www.researchandmarkets.com/r/4qsw9c

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Global Tobacco Alternative Gums Market

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