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.
