Tobacco Alternative Gums Market Forecast Showing 7.52% CAGR to 2021

Tobacco Alternative Gums Market Report 2021 has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

About Tobacco Alternative Gums market
Marketsizeforecasters.com adds new global tobacco alternative gum market report that lists top active companies as GlaxoSmithKline, Johnson & Johnson, Novartis, and Reynolds American Incorporated.

Other Prominent Vendors in the market are: Alkalon, Costco, Revolymer, Target, Walgreen, and Wal-Mart.

Research analysts forecast the global tobacco alternative gum market to grow at a CAGR of 7.52% during the period 2017-2021.

Request a sample copy of Tobacco Alternative Gums Market Research Report @ https://marketsizeforecasters.com/get-sample/18219

Commenting on the report, an analyst team said: The introduction of new flavors in tobacco alternative gums is one of the trends that will influence the growth of the market during the forecast period. The players in the market are coming up with new flavors to cater to the demands of the consumer. The popular flavors are peppermint, lime, and cinnamon. The famous Nicorette brand of GlaxoSmithKline is available in flavors such as fruit chill, white ice mint, and fresh mint. The Kwiknic nicotine gum from ITC is available in two flavors, mint and paan, in India. Nicotex nicotine gum produced by Cipla is available in three flavors: cinnamon, mint plus, and paan. The Zonnic nicotine gum comes in three flavors: mint, fruit, and cinnamon.

The listed pricing for this Tobacco Alternative Gums Market report starts at $ 3500.
Request Discount for Tobacco Alternative Gums Market Research Report @ https://marketsizeforecasters.com/enquire-for-discount/18219

According to the report, one of the important growth factors for the global tobacco alternative gums market is the increasing price of cigarettes. As a result, the average consumer cannot buy cigarettes on a regular basis. As the price of cigarettes increases, the consumers will resort to other products and this will increase the demand for tobacco alternative gums such as nicotine gums. The price of tobacco has increased by about more than 300% globally over the past 20 years. Many countries are increasing the excise duties on cigarettes, which is increasing the price of cigarettes. In January 2016, Indonesia increased the excise duty on cigarette by about 11% and in February 2016, Thailand increased the excise tax on imported cigarettes from 87% to 90%. In 2016, India increased the tobacco taxes for the fifth consecutive year and the increase in 2016 was in the range of about 10%-15%. The countries in the Middle East are also contemplating the increase of cigarette price and tobacco tax. For instance, Saudi Arabia is planning to increase the excise duty on tobacco to 200% and is also planning to increase the cigarette price by about 11%.

Further, the report states that combination therapy involves using two types of NRT products at the same time. It involves the use of a long-acting nicotine formulation such as nicotine patches in combination with a short-acting formulation such as gum, lozenge, and inhaler. These nicotine replacement products include patches, gums, and lozenges. Many studies have been performed to test whether a combination of NRTs is better than using a single product. This trend is expected to continue and will contribute revenue to the global tobacco alternative gums market during the forecast period.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.

Browse full table of contents and data tables For Tobacco Alternative Gums Market Report of 70 pages https://marketsizeforecasters.com/global-tobacco-alternative-gums-market

Related Reports: -
Global and Chinese Nicotine Gum Industry, 2017 Market Research Report
The 'Global and Chinese Nicotine Gum Industry, 2012-2022 Market Research Report' is a professional and in-depth study on the current state of the global Nicotine Gum industry with a focus on the Chine...

MarketSizeForecasters.com, a Skyline Market Research LLP brand, is an online aggregator of market research reports. MarketSizeForecasters.com offers a comprehensive collection of full length reports on global and regional markets in 100+ industry verticals. We have partnered with some of the leading business and market research publishing houses and regularly update our online library to offer wide range of reports to our customers.

Market size forecasters
The Green Suite #4594,
Dover, DE 19901
United States
Phone: 1-201-355-0868
US Toll Free: 1-866-764-2150
Email: sales@marketsizeforecasters.com
Website: http://marketsizeforecasters.com/

This release was published on openPR.