Asia Pacific Nicotine Gum Market

Asia Pacific Nicotine Gum Market Size, Share & Trends Analysis Report By Type (2 mg and 4 mg), By Distribution Channel (Pharmacies, Supermarkets & Hypermarkets, and Online Stores. By Country and Growth Forecast, 2024 - 2031

Report Id: KBV-23418 Publication Date: July-2024 Number of Pages: 101
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Market Report Description

The Asia Pacific Nicotine Gum Market would witness market growth of 6.1% CAGR during the forecast period (2024-2031). In the year 2022, the Asia Pacific market's volume surged to 8,803.07 thousand units (100pcs. Per pack), showcasing a growth of 14.8% (2020-2023).

Supermarkets and hypermarkets serve as significant distribution channels in the nicotine gum market, offering wide accessibility and convenience to consumers. These large retail outlets stock a variety of nicotine gum products, catering to different strengths and flavors, making it easier for customers to find suitable options for smoking cessation. Thus, the China market registered a volume of 991.80 thousand units in 2023.

Asia Pacific Nicotine Gum Market

The China market dominated the Asia Pacific Nicotine Gum Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $122.7 million by 2031. The Japan market is registering a CAGR of 5.4% during (2024 - 2031). Additionally, The India market would showcase a CAGR of 6.8% during (2024 - 2031)

Many governments and healthcare authorities endorse nicotine gum as part of comprehensive smoking cessation programs. Healthcare providers often recommend nicotine gum through healthcare systems, pharmacies, and online platforms. Government subsidies, reimbursement programs, and inclusion in public health initiatives further support its adoption by making it more accessible and affordable for smokers.

Nicotine gum appeals to smokers who prefer self-directed methods for quitting smoking. Unlike prescription medications or nicotine patches that require healthcare provider involvement, nicotine gum is available over the counter in many countries. This accessibility allows smokers to initiate and manage their quitting process independently, which aligns with the trend toward consumer empowerment in healthcare decisions.

The focus on smoking control in China drives market growth for nicotine gum by creating a conducive environment for manufacturers to innovate and expand their product offerings. There is a push towards developing new formulations, improving taste profiles, and enhancing the effectiveness of nicotine gum, which appeals to a larger segment of the population seeking effective smoking cessation solutions. Therefore, increasing smoking control in the region is propelling the market's growth.

Free Valuable Insights: The Global Nicotine Gum Market is Predict to reach USD 2.3 Billion by 2031, at a CAGR of 5.4%

Based on Type, the market is segmented into 2 mg and 4 mg. Based on Distribution Channel, the market is segmented into Pharmacies, Supermarkets & Hypermarkets, and Online Stores. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.

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List of Key Companies Profiled

  • Johnson & Johnson
  • Novartis AG
  • ITC Limited
  • Cipla Limited
  • Perrigo Company PLC
  • Philip Morris International, Inc.
  • ALCHEM INTERNATIONAL PVT. LTD.
  • Alkalon A/S

Asia Pacific Nicotine Gum Market Report Segmentation

By Type (Volume, thousand units (100pcs. Per pack), USD Billion, 2020-2031)

  • 2 mg
  • 4 mg

By Distribution Channel (Volume, thousand units (100pcs. Per pack), USD Billion, 2020-2031)

  • Pharmacies
  • Supermarkets & Hypermarkets
  • Online Stores

By Country (Volume, thousand units (100pcs. Per pack), USD Billion, 2020-2031)

  • China
  • Japan
  • India
  • South Korea
  • Singapore
  • Malaysia
  • Rest of Asia Pacific
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