Technavio issued the following announcement on April 8.
Technavio has been monitoring the nicotine gum market and it is poised to grow by USD 522 million during 2019-2023, progressing at a CAGR of over 5% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.
Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Please Request Latest Free Sample Report on COVID-19 Impact
The market is concentrated, and the degree of concentration will accelerate during the forecast period. British American Tobacco, GlaxoSmithKline, ITC Limited, Johnson & Johnson Services, and Novartis are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
Awareness about the harmful effects of cigarette smoking has been instrumental in driving the growth of the market.
Nicotine Gum Market 2019-2023 : Segmentation
Nicotine gum market is segmented as below:
- Product
- 2-mg Nicotine
- 4-mg Nicotine
- Geographic Landscape
- APAC
- Europe
- MEA
- North America
- South America
Nicotine Gum Market 2019-2023 : Scope
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. Our nicotine gum market report covers the following areas:
- Nicotine Gum Market Size
- Nicotine Gum Market Trends
- Nicotine Gum Market Industry Analysis
Nicotine Gum Market 2019-2023 : Vendor Analysis
We provide a detailed analysis of around 25 vendors operating in the nicotine gum market, including some of the vendors such as British American Tobacco, GlaxoSmithKline, ITC Limited, Johnson & Johnson Services, and Novartis. Backed with competitive intelligence and benchmarking, our research reports on the nicotine gum market are designed to provide entry support, customer profile and M&As as well as go-to-market strategy support.
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Nicotine Gum Market 2019-2023 : Key Highlights
- CAGR of the market during the forecast period 2019-2023
- Detailed information on factors that will assist nicotine gum market growth during the next five years
- Estimation of the nicotine gum market size and its contribution to the parent market
- Predictions on upcoming trends and changes in consumer behavior
- The growth of the nicotine gum market
- Analysis of the market’s competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of nicotine gum market vendors
PART 01: EXECUTIVE SUMMARY
PART 02: SCOPE OF THE REPORT
- 2.1 Preface
- 2.2 Preface
- 2.3 Currency conversion rates for US$
- Market ecosystem
- Market characteristics
- Market segmentation analysis
- Market definition
- Market sizing 2018
- Market size and forecast 2018-2023
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
- Market condition
- Market segmentation by product
- Comparison by product
- 2-mg nicotine - Market size and forecast 2018-2023
- 4-mg nicotine - Market size and forecast 2018-2023
- Market opportunity by product
PART 08: GEOGRAPHIC LANDSCAPE
- Geographic segmentation
- Geographic comparison
- North America - Market size and forecast 2018-2023
- Europe - Market size and forecast 2018-2023
- APAC - Market size and forecast 2018-2023
- South America - Market size and forecast 2018-2023
- MEA - Market size and forecast 2018-2023
- Key leading countries
- Market opportunity
PART 10: DRIVERS AND CHALLENGES
- Market drivers
- Market challenges
- New product launches
- Increase in number of people quitting smoking
- Addiction to nicotine gums
- Overview
- Landscape disruption
- Vendors covered
- Vendor classification
- Market positioning of vendors
- British American Tobacco
- GlaxoSmithKline
- ITC Limited
- Johnson & Johnson Services
- Novartis
- Research methodology
- List of abbreviations
About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
Original source can be found here.