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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

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    Report

  • 99 Pages
  • June 2024
  • Region: Africa, Middle East
  • Marqual IT Solutions Pvt. Ltd (KBV Research)
  • ID: 5988670
The Latin America, Middle East and Africa Nicotine Gum Market is projected to 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 4.24 million 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.



The Brazil market dominated the LAMEA Nicotine Gum Market by Country in 2023, and is forecast to continue being 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.

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

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

Table of Contents

Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 LAMEA Nicotine Gum Market, by Type
1.4.2 LAMEA Nicotine Gum Market, by Distribution Channel
1.4.3 LAMEA Nicotine Gum Market, by Country
1.5 Methodology for the research
Chapter 2. Market at a Glance
2.1 Key Highlights
Chapter 3. Market Overview
3.1 Introduction
3.1.1 Overview
3.1.1.1 Market Composition and Scenario
3.2 Key Factors Impacting the Market
3.2.1 Market Drivers
3.2.2 Market Restraints
3.2.3 Market Opportunities
3.2.4 Market Challenges
3.3 Porter Five Forces Analysis
Chapter 4. LAMEA Nicotine Gum Market by Type
4.1 LAMEA 2 mg Market by Country
4.2 LAMEA 4 mg Market by Country
Chapter 5. LAMEA Nicotine Gum Market by Distribution Channel
5.1 LAMEA Pharmacies Market by Country
5.2 LAMEA Supermarkets & Hypermarkets Market by Country
5.3 LAMEA Online Stores Market by Country
Chapter 6. LAMEA Nicotine Gum Market by Country
6.1 Brazil Nicotine Gum Market
6.1.1 Brazil Nicotine Gum Market by Type
6.1.2 Brazil Nicotine Gum Market by Distribution Channel
6.2 Argentina Nicotine Gum Market
6.2.1 Argentina Nicotine Gum Market by Type
6.2.2 Argentina Nicotine Gum Market by Distribution Channel
6.3 UAE Nicotine Gum Market
6.3.1 UAE Nicotine Gum Market by Type
6.3.2 UAE Nicotine Gum Market by Distribution Channel
6.4 Saudi Arabia Nicotine Gum Market
6.4.1 Saudi Arabia Nicotine Gum Market by Type
6.4.2 Saudi Arabia Nicotine Gum Market by Distribution Channel
6.5 South Africa Nicotine Gum Market
6.5.1 South Africa Nicotine Gum Market by Type
6.5.2 South Africa Nicotine Gum Market by Distribution Channel
6.6 Nigeria Nicotine Gum Market
6.6.1 Nigeria Nicotine Gum Market by Type
6.6.2 Nigeria Nicotine Gum Market by Distribution Channel
6.7 Rest of LAMEA Nicotine Gum Market
6.7.1 Rest of LAMEA Nicotine Gum Market by Type
6.7.2 Rest of LAMEA Nicotine Gum Market by Distribution Channel
Chapter 7. Company Profiles
7.1 Alkalon A/S
7.1.1 Company Overview
7.2 Alchem International Pvt. Ltd.
7.2.1 Company Overview
7.3 Johnson & Johnson
7.3.1 Company Overview
7.3.2 Financial Analysis
7.3.3 Segmental & Regional Analysis
7.3.4 Research & Development Expenses
7.3.5 SWOT Analysis
7.4 Novartis AG
7.4.1 Company Overview
7.4.2 Financial Analysis
7.4.3 Segmental and Regional Analysis
7.4.4 Research & Development Expense
7.4.5 SWOT Analysis
7.5 ITC Limited
7.5.1 Company Overview
7.5.2 Financial Analysis
7.5.3 Segmental and Regional Analysis
7.5.4 Research & Development Expenses
7.5.5 SWOT Analysis
7.6 Cipla Limited
7.6.1 Company Overview
7.6.2 Financial Analysis
7.6.3 Segmental and Regional Analysis
7.6.4 Research & Development Expense
7.6.5 SWOT Analysis
7.7 Perrigo Company PLC
7.7.1 Company Overview
7.7.2 Financial Analysis
7.7.3 Segmental and Regional Analysis
7.7.4 Research & Development Expenses
7.7.5 SWOT Analysis
7.8 Philip Morris International Inc.
7.8.1 Company Overview

Companies Mentioned

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

Methodology

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