The Impact of the Coronavirus Pandemic on Europe's Pure Nicotine Market Revenue and Growth Forecast 2020-2030

0
1K

Europe Pure Nicotine Market

Increase in demand for the Pure Nicotine replacement therapy (NRT) products is influencing the growth of Pure Nicotine market. Market Research Future, a firm which specializes in market reports related to the Food, Beverages & Nutrition sector among others, recently forecasted in its report on Europe Pure Nicotine Market Research Report- Forecast to 2030 that the market will demonstrate an exceptional CAGR of 6.10%% during the forecast period.

Europe pure nicotine market, based on application, is segmented into e-liquid, smoking cessation products, pharmaceuticals, bio-pesticide, and others E-liquid dominated and having more than 50% market share in the year 2022 and is projected to grow at the highest CAGR at 6.10% during the forecast period followed by smoking cessation products with market share more than 25% and growing at CAGR of 6.10% for the corresponding period. The innovations in pure nicotine products and process prime objectives include achieving reductions in cigarette consumption by providing various product forms, flavors, and packaging styles is supporting the market growth.

The Europe pure nicotine market has witnessed continued demand during the last few years and is projected to reach 5.521 Kilo tons at a CAGR of 6.10 by 2030. Increase in demand for the nicotine replacement therapy (NRT) products will drive the higher demand for the pure nicotine in the coming years. Increase in demand across various applications including e-liquid, smoking cessation products, bio pesticides and other industrial purposes is driving higher demand for pure nicotine.

Pure nicotine is a colorless liquid with a characteristic acrimonious odour. It is a colorless liquid that turns brown and smells like tobacco when exposed to air. It is the purest and freshest nicotine solution available in the market that is derived from the finest, pesticide-free tobacco leaves. It is naturally sourced, filtrated, extracted, separated and distilled to amass a true and clean nicotine produce.

Europe Pure Nicotine Market – Segments:

The Europe Pure Nicotine market has been divided into type, application, and country.

Based on Type: Liquid and Powder

Based on Application: e-liquid, smoking cessation products, pharmaceuticals, bio-pesticides, and others

Based on Country: Bulgaria, Italy, Germany, Poland, and Rest of Europe

Europe Pure Nicotine Market - Regional Analysis:

The Europe Pure Nicotine market is segmented into Bulgaria, Italy, Germany, Poland and Rest of Europe. Rest of the Europe part accounted for the largest market share which is more than of 50% in 2017, with a market volume of 2.063 kilo tons and is projected to grow at a CAGR of 5.38% during the estimated period. Germany and Poland are anticipated to grow at a moderate rate in pure nicotine market in Europe.

Competitive Analysis:

With the entry of industry players in the Pure Nicotine segment, a trend of solid, volume-driven growth has been observed in the market with the development of different varieties of product types. With companies aiming to capture a considerable share of the market segment as early as possible, they are competing and experimenting with various advantage points. Acquisitions and partnership with small companies are other strategic movements made by the key players. The best long-term growth opportunities for this sector can be captured by ensuring ongoing process improvements and financial flexibility to invest in the optimal strategies.

The key Europe Pure Nicotine Market Players profiled in are as Chemnovatic (Poland), Contraf Nicotex Tobacco GmbH (Germany), Nicobrand Limited (Ireland), Purenic (BGP Europe AG) (Basel)

Industry Updates News:

Dec 2022 Biohit Oyj and R-kioski Oy have signed an agreement for the distribution of the smoking cessation product, Acetium lozenge in Finland. The contract is a non-exclusive distribution agreement. The new Acetium lozenge is an effective and safe product that helps quit smoking without nicotine

Nov 2022 The Food and Drug Administration is taking new steps to encourage the development of innovative nicotine-replacement therapies to wean smokers off conventional cigarettes

March 2022 MOLIQ launched 20 delicious liquids available in 10ml plastic bottles and five nicotine strengths including 0mg, 6mg, 9mg, 12mg and 18mg.

Nov 2022 Chemnovatic launched new website where one can find all VAPY and VAPY Complex flavors as well as Nic Shot nicotine shots.

NOTE: Our Team of Researchers is Studying Covid19 and its Impact on Various Industry Verticals and wherever required we will be considering Covid19 Footprints for Better Analysis of Market and Industries. Cordially get in Touch for More Details.

Contact us:

Market Research Future (part of Wantstats Research and Media Private Limited),

99 Hudson Street,5Th Floor, New York, New York 10013, United States of America

+1 646 845 9312

Email: Sales@marketresearchfuture.com  

 

 

Реклама
Поиск
Реклама
Категории
Больше
История
salesforce support service near USA
salesforce support service near USA Salesforce brings you an array of features for your business...
От Vorombetech Vorombetech 2024-08-17 09:52:14 0 168
Бизнес
Top Features That Make Winbuzz the Best Online Gaming Platform
Online gaming platforms have become increasingly popular, offering users a convenient way to...
От Online Cricket India 2024-10-23 09:21:32 0 0
Бизнес
Modular Chillers Market Growth Scenario, Trends, Competitive Analysis and Forecasts to 2029
Modular Chillers Market Report Overview: The Modular Chillers Market research...
От Chetana Gardas 2023-12-18 08:15:06 0 919
Товары и магазины
Corporate Wellness Market, Revenue Growth, Key Factors, Major Companies, Forecast To 2032
The global corporate wellness market size was USD 53.04 Billion in 2022 and is expected to...
От Vandana Manturgekar 2024-10-24 07:45:31 0 0
Товары и магазины
PUBG Mobile Rivals Cup 2024: KR vs JP Showdown!
PUBG Mobile is gearing up for its prominent esports event in 2024. Before the main event...
От Xtameem Xtameem 2024-08-31 05:37:10 0 41