Global market for nicotine gums and lozenges is expected to experience robust growth in the coming years. Driven by increasing awareness about the health risks of smoking and government policies restricting tobacco use, more smokers are turning to nicotine replacement therapies to help them quit.
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The report finds that North America currently dominates the nicotine gums and lozenges market due to high rates of smoking cessation and strong access to nicotine replacement products. Europe is also a major regional market. However, the Asia Pacific and Latin America regions are projected to see the fastest market expansion over the forecast period as smoking rates decline and healthcare systems improve access to cessation aids.
By product type, nicotine-containing gums hold the largest market share currently. However, nicotine lozenges are gaining popularity due to their discreet and convenient delivery method. Online pharmacies and retail stores are the leading distribution channels, though hospital and retail pharmacy sales are growing.
The market is expected to benefit from ongoing government efforts to curb tobacco use through taxation, public smoking bans, and education campaigns. In addition, manufacturers are developing new formulations and delivery methods to provide more options for those seeking to overcome nicotine addiction. However, side effects still pose a barrier for some would-be quitters.
The report identifies key players in the global nicotine gums and lozenges market such as Cipla Ltd., GlaxoSmithKline, Johnson & Johnson, Novartis, Pfizer, Perrigo Company, ITC Limited, Dr. Reddy’s Laboratories, and Takeda Pharmaceutical. With rising health concerns and policy support worldwide, the nicotine replacement therapy industry has strong tailwinds for continued expansion.
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