The tobacco alternative gums market has grown significantly in recent years, with the market size expected to increase from $2.69 billion in 2023 to $2.89 billion in 2024, reflecting a compound annual growth rate (CAGR) of 7.4%. This historical growth is driven by increased health awareness, government regulations, smoking cessation initiatives, advancements in gum technology, a rising smoking cessation market, and consumer demand for alternatives. Looking forward, the market is projected to reach $3.87 billion by 2028, with a CAGR of 7.5%. This forecasted growth is attributed to growing health awareness, innovations in formulations, a burgeoning market for smoking cessation products, shifts in consumer preferences, and the regulatory environment. Major trends during the forecast period include improvements in delivery systems through technological advancements, integration with digital tools and apps, a broader range of flavors and natural ingredients, a growing market for smoking cessation products, a supportive regulatory environment, and favorable government policies.
Global Tobacco Alternative Gums Market Key Driver
The increasing awareness of smoking dangers is expected to drive the growth of the tobacco alternative gums market. Smoking poses significant health risks, and heightened public health campaigns, extensive scientific research, and stringent policies are raising awareness about these dangers. Tobacco alternative gums offer a nicotine-free option to help reduce cravings and withdrawal symptoms without the harmful effects of tobacco smoke. For instance, the Federal Trade Commission reported that major producers sold or distributed 173.5 billion cigarettes in 2022, representing an 8.8% reduction from 2021. This rising awareness and reduction in cigarette sales are likely to boost the demand for tobacco alternative gums.
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Global Tobacco Alternative Gums Market Segments
The tobacco alternative gums market covered in this report is segmented –
1) By Type: 2 Mg, 4 Mg, Other Types
2) By Deployment: Nicotine Gums, Herbal Gums, Other Deployments
3) By Application: Pharmacies And Chemist Outlets, Supermarkets And Hypermarkets, Convenience Stores, Online Retailers
By Geography:The regions covered in the tobacco alternative gums market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
North America was the largest region in the tobacco alternative gums market in 2023.
Major Tobacco Alternative Gums Industry Players
CVS Health Corporation, The Kroger Co., Walgreens Boots Alliance Inc., Pfizer Inc., Johnson & Johnson, Novartis AG, GlaxoSmithKline plc, Takeda Pharmaceutical Company Limited, Philip Morris International Inc, Rite Aid Corporation, Meijer Inc, Reynolds American Incorporated, Perrigo Company plc, Perfetti Van Melle, Dr Reddy's Laboratories Ltd, Cipla Inc, Cambrex Corporation, Fertin Pharma A/S, Alchem International Pvt Ltd, CBD Chewing Gum UK, Jakes Mint Chew, Lucy Goods, Per Os Biosciences LLC, Smokey Mountain Chew Inc, Just Chew LLC
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Tobacco Alternative Gums Market Overview
Tobacco alternative gums are chewing gums formulated to provide a substitute for traditional tobacco products like cigarettes and smokeless tobacco. These gums typically contain nicotine or other active ingredients that can help reduce the urge to smoke or chew tobacco. The primary aim is to support smoking cessation efforts or to provide a less harmful alternative to tobacco use.
Tobacco Alternative Gums Global Market Report 2023 provides data on the global tobacco alternative gums market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The tobacco alternative gums market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.
