Synthetic Nicotine Market Size, Share & Growth Report | 2030
Synthetic Nicotine Market Size, Share & Growth Report | 2030
Segments - Synthetic Nicotine Market by Purity Type (>99% and >99.5%), Applications (e-cigarettes, drugs, and others), Distribution Channels (Online and Offline), and Region (North America, Asia Pacific, Latin America, Europe, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2021 – 2028
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| Report ID :CG-2708
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Report Description
Synthetic Nicotine Market Outlook
The global synthetic nicotine market size was valued at USD 562.7 Million in 2020 and is projected to reach USD 2,984.9 Million by 2028, expanding at a CAGR of 23.4% during the forecast period, 2021-2028. Synthetic nicotine, also known as "tobacco-free nicotine," is a chemical version of nicotine made by the human hand, not from tobacco. Synthetic nicotine products were not made from tobacco leaves in the laboratory.
Synthetic nicotine has been available since 2016 and its popularity has grown recently. It has the same chemical structure as tobacco nicotine (C10 H14 N2 or 10 carbon atoms, 14 hydrogen atoms, and 2 nitrogen atoms). It is designed to mimic the positive and negative effects of natural nicotine.
At least for small vapor-breathing companies in the vapor-breathing market, synthetic nicotine has the potential to pave the way for the future. The e-cigarette industry may be able to obtain FDA approval for the production of disposable items containing synthetic nicotine.
Synthetic Nicotine Market Dynamics
The growing acceptance of synthetic nicotine is the primary factor driving market growth and development. Despite occupying a niche in comparison to tobacco-derived nicotine (TDN), the synthetic nicotine (SN) phase has expanded in recent years. Next Generation Labs (NGL), a California-based producer of bulk R, R-S, and S nontobacco-derived nicotine-based, recently announced a doubling of its annual production capacity to meet rising demand.
Demand for TNF products is increasing in the United States and South Korea due to orders from manufacturers of steam products and device cartridge fillers. The combination of these factors is expected to drive the market over the forecast period.
Increasing users for E-cigarette. E-cigarettes are gaining popularity among people trying to quit smoking. Puff Bar Disposable E-cigarette and Oral Nicotine Products NIIN, Bidi Pouches, and Rush are just a few of the new products on the market that promote synthetic or laboratory-made non-tobacco nicotine and drive the growth of the orthokeratology lens market.
In addition, communities that allow the sale of such products near schools have higher tobacco consumption rates among young people. This increases the importance of e-cigarette that is expected to market during the forecast period.
With the increasing use of smartphones, laptops, and tablets by children and adults, the risk of eye Oral nicotine pouches, whether synthetic or natural, are becoming increasingly popular among the youth population for vaping. Both vaping and smoking are delivered ultrafine particles, volatile organic compounds, and other cancer-causing chemicals in addition to synthetic nicotine.
Increasing use of synthetic nicotine in medical applications. All forms of NRT (transdermal patches, chewing gum, nasal drops, inhalers, and sublingual / troche tablets) on the market increase the chances of successful smoking cessation. A nicotine patch is a device that delivers nicotine through the skin into the bloodstream. It is used to help smokers avoid nicotine cravings.
Increasing the use of synthetic nicotine in all medical applications such as transdermal patches, dietary supplements, gums, nasal drops, and inhalers is expected to drive the synthetic nicotine market in the future. Synthetic nicotine, production, and raw materials are all becoming more expensive.
As a result, the high cost of producing synthetic nicotine is one of the major factors that may impede market growth over the forecast period. The main disadvantage of synthetic nicotine is its high production cost. Furthermore, longer production times, more labor-intensive production methods, and the need for higher-priced raw materials all add to the price.
Furthermore, strict regulations governing the safety of people exposed to hazardous chemicals and biological agents are expected to impede the market growth. As a result, these factors are limiting market growth at a specific time.
The increasing adoption of multi-channel presence by key industries such as NGL, NIIN, and Chemnovatic is expected to provide opportunities for growth and customer expansion. Online platforms and e-commerce channels help a company's growth and revenue generation. Processors are collaborating with retailers to distribute their products and increase their consumer base.
Many businesses are increasing their use of synthetic nicotine. For example, the NGL company continues to expand its collaborations with device manufacturers such as Vapeix, which provides dedicated open and closed system devices for use with synthetic and nicotine-free e-liquids, which is expected to drive synthetic nicotine growth during the forecast period.
Synthetic Nicotine Market Segment Insights
Purity Type Segment Analysis
Based on purity type, the Global Synthetic Nicotine Market is segmented into >99.5% purity, >99% purity segment. The >99.5% purity segment is anticipated to hold a substantial share of the market and is expected to grow at a substantial CAGR during the forecast period. It is of the highest quality and the unencoded nicotine solution in tobacco is more than 99.5% pure and therefore exceeds the nicotine requirements of pharmaceuticals.
Applications Segment Analysis
Based on application, the Global Synthetic Nicotine Sales market is segmented into e-cigarettes, drugs, and others. The e-cigarettes segment is anticipated to hold a significant share of the market and is expected to grow at a substantial CAGR during the forecast period.
Owing to the primary driver of segment growth is the teen population's increasing preference for e-cigarettes. Disposable e-cigarettes and nicotine gum from Puff Bar NIIN, Bidi Pouches, and Rush are just a few of the new synthetic nicotine products on the market.
Distribution Channels Segment Analysis
Based on Distribution Channels, the Global Synthetic Nicotine Sales Market is segmented into Online and Offline. The offline segment is expected to hold a significant share of the market, due to Offline sales dominating the global market. Furthermore, manufacturers are forming alliances with regional distributors to establish a strong supply and distribution chain.
Synthetic Nicotine Market Regional Analysis
Based on regions, the global synthetic nicotine market is separated into North America, Asia Pacific, Europe, Latin America, and Middle East & Africa. North America accounted for a substantial share of the market in 2020 and is anticipated to expand at a high CAGR in the forecast period of 2021 to 2028.
Due to the growing demand for young people, synthetic nicotine in E-cigarettes or "vaping" is gaining popularity as an alternative to cigarette smoking. The market is expected to grow due to increased supply chain advancement and the rising prevalence of smoking addiction in the region.
The market in Europe and Asia Pacific is predicted to hold a sizeable share of the market during the forecast period, owing to the expansion of the pharmaceutical industry and the rise of electronic, strong market players in the synthetic nicotine market, which is driving the market in the region.
Growing synthetic nicotine manufacturing plants in the laboratory, rising consumer preference for alternative smoking such as e-cigarettes, vaping, and smokeless smoking, and rising demand for synthetic nicotine in China and India, and expanding at a considerable CAGR during the forecast period.
Key Benefits for Industry Participants & Stakeholders
- In-depth Analysis of the synthetic nicotine Market.
- Historical, Current, and Projected Market Size in terms of Value.
- Potential & Niche Segments and Regions Exhibiting Promising Growth Covered
- Industry Drivers, Restraints, and Opportunities Covered in the Study
- Recent Industry Trends and Developments
- Competitive Landscape & Strategies of Key Players
- Neutral Perspective on global synthetic nicotine Market Performance
Segments
Purity Types
- >99%
- >99.5%
Applications
- E-cigarettes
- Drugs
- Others
Distribution Channels
- Online
- Offline
Regions
- North America
- U.S.
- Canada
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Europe
- Germany
- France
- Italy
- U.K.
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- China
- Japan
- South Korea
- India
- Australia
- South East Asia (SEA)
- Rest of Asia Pacific (APAC)
- Middle East & Africa (MEA)
- Saudi Arabia
- South Africa
- UAE
- Rest of Middle East & Africa (MEA)
Key Market Players Profiled in the Report
- Next Generation Labs LLC
- Chemnovatic
- Hangsen International Group Ltd.
- Zanoprima Lifesciences
- Nudenicotine
- Hubei Heno Biological Engineering Co., Ltd
- NIIN LLC
Competitive Landscape
Next Generation Labs LLC, Chemnovatic, Hangsen International Group Ltd., Zanoprima Lifesciences, Nudenicotine, Hubei Heno Biological Engineering Co., Ltd., and NIIN LLC. These players are key manufacturers in the global synthetic nicotine market.
To increase demand for synthetic nicotine product applications, the players are implementing key strategies such as product development, mergers and acquisitions, geographical expansion.
Frequently Asked Questions
Next Generation Labs LLC, Chemnovatic, Hangsen International Group Ltd., Zanoprima Lifesciences, Nudenicotine, and Hubei Heno Biological Engineering Co., Ltd., and NIIN LLC.
The base year considered for the global synthetic nicotine market report is 2020. The complete analysis period is 2018 to 2028, wherein, 2018 & 2019 are the historic years and the forecast is provided from 2021 to 2028.
The market is expected to witness significant slowed in terms of demand during 2020-2021 Due to supply chain disruptions, facility closure, and unapproved FDA uses in some countries such as the US, negative impact of COVID-19 pandemic on the global synthetic nicotine Market.
High amount of use in consumer market, healthcare sector, manufacturing of e-cigartte, rising prevalence of young population, and growing adoption of synthetic nicotine across diverse businesses is expected to further boost the market over the forecast period.
The Synthetic Nicotine Market is expected to grow significantly during forecast period, due to the growing acceptance of synthetic nicotine, increased use of e-cigarettes, rising vaping experiences, and increasing medicinal use of synthetic nicotine are all driving the market.
Factors such as competitive strength and market positioning are key areas considered while selecting top companies to be profiled.
In addition to market size (in USD Million) and Company Market Share (in % for base year 2020), other data such Macro-economic factors, COVID-19 Impact on the synthetic nicotine Market is available in final report.
According to this growth market reports report, the market from synthetic nicotine Market is likely to register a CAGR of 23.4% during forecast period 2021-2028 with a predicted valuation of USD 2,984.9 million by the end of the 2028.
Yes, the report covers synthetic nicotine distribution channels types such as online and offline.
Additional company profiles can be provided on request.
Table Of Content
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Synthetic Nicotine Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Synthetic Nicotine Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Synthetic Nicotine Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Synthetic Nicotine Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Synthetic Nicotine Market Size & Forecast, 2018-2028
4.5.1 Synthetic Nicotine Market Size and Y-o-Y Growth
4.5.2 Synthetic Nicotine Market Absolute $ Opportunity
4.6 Global Synthetic Nicotine Market: Impact Of Key Regulations
4.7 Legal Environment Overview: Synthetic Nicotine Sales
4.8 Manufacturing Outlook: Synthetic Nicotine
Chapter 5 Global Synthetic Nicotine Market Analysis and Forecast By Purity
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities By Purity
5.1.2 Basis Point Share (BPS) Analysis By Purity
5.1.3 Absolute $ Opportunity Assessment By Purity
5.2 Synthetic Nicotine Market Size Forecast By Purity
5.2.1 >99%
5.2.2 >99.5%
5.3 Market Attractiveness Analysis By Purity
Chapter 6 Global Synthetic Nicotine Market Analysis and Forecast By Application
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities By Application
6.1.2 Basis Point Share (BPS) Analysis By Application
6.1.3 Absolute $ Opportunity Assessment By Application
6.2 Synthetic Nicotine Market Size Forecast By Application
6.2.1 E-Cigarette
6.2.2 Drugs
6.2.3 Nicotine Pouches
6.2.4 Other
6.3 Market Attractiveness Analysis By Application
Chapter 7 Global Synthetic Nicotine Market Analysis and Forecast Distribution Channels
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities Distribution Channels
7.1.2 Basis Point Share (BPS) Analysis Distribution Channels
7.1.3 Absolute $ Opportunity Assessment Distribution Channels
7.2 Synthetic Nicotine Market Size Forecast Distribution Channels
7.2.1 Online
7.2.2 Offline
7.3 Market Attractiveness Analysis Distribution Channels
Chapter 8 Global Synthetic Nicotine Market Analysis and Forecast by Region
8.1 Introduction
8.1.1 Key Market Trends & Growth Opportunities by Region
8.1.2 Basis Point Share (BPS) Analysis by Region
8.1.3 Absolute $ Opportunity Assessment by Region
8.2 Synthetic Nicotine Market Size Forecast by Region
8.2.1 North America
8.2.2 Europe
8.2.3 Asia Pacific
8.2.4 Latin America
8.2.5 Middle East & Africa (MEA)
8.3 Market Attractiveness Analysis by Region
Chapter 9 Coronavirus Disease (COVID-19) Impact
9.1 Introduction
9.2 Current & Future Impact Analysis
9.3 Economic Impact Analysis
9.4 Government Policies
9.5 Investment Scenario
Chapter 10 North America Synthetic Nicotine Analysis and Forecast
10.1 Introduction
10.2 North America Synthetic Nicotine Market Size Forecast by Country
10.2.1 U.S.
10.2.2 Canada
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 North America Synthetic Nicotine Market Size Forecast By Purity
10.6.1 >99%
10.6.2 >99.5%
10.7 Basis Point Share (BPS) Analysis By Purity
10.8 Absolute $ Opportunity Assessment By Purity
10.9 Market Attractiveness Analysis By Purity
10.10 North America Synthetic Nicotine Market Size Forecast By Application
10.10.1 E-Cigarette
10.10.2 Drugs
10.10.3 Nicotine Pouches
10.10.4 Other
10.11 Basis Point Share (BPS) Analysis By Application
10.12 Absolute $ Opportunity Assessment By Application
10.13 Market Attractiveness Analysis By Application
10.14 North America Synthetic Nicotine Market Size Forecast Distribution Channels
10.14.1 Online
10.14.2 Offline
10.15 Basis Point Share (BPS) Analysis Distribution Channels
10.16 Absolute $ Opportunity Assessment Distribution Channels
10.17 Market Attractiveness Analysis Distribution Channels
Chapter 11 Europe Synthetic Nicotine Analysis and Forecast
11.1 Introduction
11.2 Europe Synthetic Nicotine Market Size Forecast by Country
11.2.1 Germany
11.2.2 France
11.2.3 Italy
11.2.4 U.K.
11.2.5 Spain
11.2.6 Russia
11.2.7 Rest of Europe
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Europe Synthetic Nicotine Market Size Forecast By Purity
11.6.1 >99%
11.6.2 >99.5%
11.7 Basis Point Share (BPS) Analysis By Purity
11.8 Absolute $ Opportunity Assessment By Purity
11.9 Market Attractiveness Analysis By Purity
11.10 Europe Synthetic Nicotine Market Size Forecast By Application
11.10.1 E-Cigarette
11.10.2 Drugs
11.10.3 Nicotine Pouches
11.10.4 Other
11.11 Basis Point Share (BPS) Analysis By Application
11.12 Absolute $ Opportunity Assessment By Application
11.13 Market Attractiveness Analysis By Application
11.14 Europe Synthetic Nicotine Market Size Forecast Distribution Channels
11.14.1 Online
11.14.2 Offline
11.15 Basis Point Share (BPS) Analysis Distribution Channels
11.16 Absolute $ Opportunity Assessment Distribution Channels
11.17 Market Attractiveness Analysis Distribution Channels
Chapter 12 Asia Pacific Synthetic Nicotine Analysis and Forecast
12.1 Introduction
12.2 Asia Pacific Synthetic Nicotine Market Size Forecast by Country
12.2.1 China
12.2.2 Japan
12.2.3 South Korea
12.2.4 India
12.2.5 Australia
12.2.6 South East Asia (SEA)
12.2.7 Rest of Asia Pacific (APAC)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Asia Pacific Synthetic Nicotine Market Size Forecast By Purity
12.6.1 >99%
12.6.2 >99.5%
12.7 Basis Point Share (BPS) Analysis By Purity
12.8 Absolute $ Opportunity Assessment By Purity
12.9 Market Attractiveness Analysis By Purity
12.10 Asia Pacific Synthetic Nicotine Market Size Forecast By Application
12.10.1 E-Cigarette
12.10.2 Drugs
12.10.3 Nicotine Pouches
12.10.4 Other
12.11 Basis Point Share (BPS) Analysis By Application
12.12 Absolute $ Opportunity Assessment By Application
12.13 Market Attractiveness Analysis By Application
12.14 Asia Pacific Synthetic Nicotine Market Size Forecast Distribution Channels
12.14.1 Online
12.14.2 Offline
12.15 Basis Point Share (BPS) Analysis Distribution Channels
12.16 Absolute $ Opportunity Assessment Distribution Channels
12.17 Market Attractiveness Analysis Distribution Channels
Chapter 13 Latin America Synthetic Nicotine Analysis and Forecast
13.1 Introduction
13.2 Latin America Synthetic Nicotine Market Size Forecast by Country
13.2.1 Brazil
13.2.2 Mexico
13.2.3 Rest of Latin America (LATAM)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Latin America Synthetic Nicotine Market Size Forecast By Purity
13.6.1 >99%
13.6.2 >99.5%
13.7 Basis Point Share (BPS) Analysis By Purity
13.8 Absolute $ Opportunity Assessment By Purity
13.9 Market Attractiveness Analysis By Purity
13.10 Latin America Synthetic Nicotine Market Size Forecast By Application
13.10.1 E-Cigarette
13.10.2 Drugs
13.10.3 Nicotine Pouches
13.10.4 Other
13.11 Basis Point Share (BPS) Analysis By Application
13.12 Absolute $ Opportunity Assessment By Application
13.13 Market Attractiveness Analysis By Application
13.14 Latin America Synthetic Nicotine Market Size Forecast Distribution Channels
13.14.1 Online
13.14.2 Offline
13.15 Basis Point Share (BPS) Analysis Distribution Channels
13.16 Absolute $ Opportunity Assessment Distribution Channels
13.17 Market Attractiveness Analysis Distribution Channels
Chapter 14 Middle East & Africa (MEA) Synthetic Nicotine Analysis and Forecast
14.1 Introduction
14.2 Middle East & Africa (MEA) Synthetic Nicotine Market Size Forecast by Country
14.2.1 Saudi Arabia
14.2.2 South Africa
14.2.3 UAE
14.2.4 Rest of Middle East & Africa (MEA)
14.3 Basis Point Share (BPS) Analysis by Country
14.4 Absolute $ Opportunity Assessment by Country
14.5 Market Attractiveness Analysis by Country
14.6 Middle East & Africa (MEA) Synthetic Nicotine Market Size Forecast By Purity
14.6.1 >99%
14.6.2 >99.5%
14.7 Basis Point Share (BPS) Analysis By Purity
14.8 Absolute $ Opportunity Assessment By Purity
14.9 Market Attractiveness Analysis By Purity
14.10 Middle East & Africa (MEA) Synthetic Nicotine Market Size Forecast By Application
14.10.1 E-Cigarette
14.10.2 Drugs
14.10.3 Nicotine Pouches
14.10.4 Other
14.11 Basis Point Share (BPS) Analysis By Application
14.12 Absolute $ Opportunity Assessment By Application
14.13 Market Attractiveness Analysis By Application
14.14 Middle East & Africa (MEA) Synthetic Nicotine Market Size Forecast Distribution Channels
14.14.1 Online
14.14.2 Offline
14.15 Basis Point Share (BPS) Analysis Distribution Channels
14.16 Absolute $ Opportunity Assessment Distribution Channels
14.17 Market Attractiveness Analysis Distribution Channels
Chapter 15 Competition Landscape
15.1 Synthetic Nicotine Market: Competitive Dashboard
15.2 Global Synthetic Nicotine Market: Market Share Analysis, 2020
15.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
15.3.1 Next Generation Labs LLC
15.3.2 Chemnovatic
15.3.3 Hangsen International Group Ltd.
15.3.4 Zanoprima Lifesciences
15.3.5 Nudenicotine
15.3.6 Hubei Heno Biological Engineering Co., Ltd
15.3.7 NIIN LLC
Methodology
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