Global nicotine gum market expected to grow to USD 1.8 billion by 2023

Global nicotine gum market expected to grow to USD 1.8 billion by 2023

According to news from the media openpr on November 20, the global nicotine gum market will be valued at US$1.2 billion in 2022 and is expected to grow to US$1.8 billion in 2030.

The market will grow at a compound annual growth rate (CAGR) of 5.7% from 2023 to 2030. Increased global demand for nicotine replacement therapy (NRT) products, especially nicotine gum, is a major driver of its growth. Nowadays, more and more tobacco consumers are seeking effective means to quit smoking and trying to reduce their exposure to harmful substances in smoke.
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