LAMEA Nicotine Gum Market

LAMEA 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-23420 Publication Date: July-2024 Number of Pages: 99
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Market Report Description

The Latin America, Middle East and Africa Nicotine Gum Market would witness market growth of 7.8% CAGR during the forecast period (2024-2031). In the year 2027, the LAMEA market's volume is expected to surge to 4,240.54 thousand units (100pcs. Per pack), showcasing a growth of 8.9% (2024-2031).

Online stores have become a significant distribution channel in the nicotine gum market, offering convenience and accessibility to a wide range of consumers. These virtual platforms provide a diverse selection of nicotine gum products, including different strengths, flavors, and brands, allowing users to compare and choose based on their preferences. The online channel caters to a global audience, reaching customers in remote areas where physical stores may be limited. Thus, the Brazilian market registered a volume of 161.72 thousand units in 2023.

LAMEA Nicotine Gum Market

The Brazil market dominated the LAMEA Nicotine Gum Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $40.2 million by 2031. The Argentina market is showcasing a CAGR of 8.7% during (2024 - 2031). Additionally, The UAE market would register a CAGR of 7.5% during (2024 - 2031).

Users can adjust their nicotine intake according to their smoking habits and withdrawal symptoms by using nicotine gum, which allows flexibility in dosage and administration. This personalized approach enhances user satisfaction and adherence to quitting regimens, as individuals can adjust their usage to meet their specific needs and preferences.

The nicotine gum market is characterized by several significant trends influencing its dynamics, growth trajectory, and consumer preferences. These trends underscore the evolving landscape of smoking cessation aids and NRTs, reflecting advancements in product innovation, changes in consumer behavior, and regulatory developments.

With a higher percentage of the population smoking, South Africa represents a substantial market for smoking cessation products like nicotine gum. The larger pool of smokers seeking effective methods to quit or reduce smoking creates a significant demand for nicotine gum as a preferred nicotine replacement therapy (NRT) option. As per the 2021 Global Adult Tobacco Survey (GATS) South Africa report, released by the Department of Health, the most recent data was sampled from 7,245 households. It was found that the prevalence of tobacco use in South Africa is 29.4%. The data also revealed that a higher percentage of men (41.7%) are currently using tobacco compared to women (17.9%). The higher prevalence of smokers in South Africa encourages manufacturers to innovate and expand their nicotine gum product lines. Innovations in formulation, flavor options, packaging, and integration with digital health solutions cater to diverse consumer needs and preferences, enhancing product appeal and effectiveness in supporting smoking cessation efforts. Hence, the increasing retail sector and the high rate of smokers in the region drive the market's growth.

Free Valuable Insights: The Worldwide Nicotine Gum Market is Projected 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 Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.

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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

LAMEA 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)

  • Brazil
  • Argentina
  • UAE
  • Saudi Arabia
  • South Africa
  • Nigeria
  • Rest of LAMEA
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