Synthetic Nicotine Market

Global Synthetic Nicotine Market by Purity Type (>99% and >99.5%), Applications (e-cigarettes, drugs, and others), Distribution Channels (Online and Offline), and by Regions (North America, Asia Pacific, Latin America, Europe, and Middle East & Africa)

  • Report ID: CG-2708
  • Author: Growth Market Reports
  • Rating: 4.8
  • Total Reviews: 60
  • No. Of Pages: 178
  • Format:
  • Pub. Date: 03-11-2021
  • Share:

Market Outlook:

The Global Synthetic Nicotine Market 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. 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 Key Takeaways

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.

Segmental Outlook

By Purity Segment

Based on purity, 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.

Synthetic Nicotine Market By Purity

By Applications Segment

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.

Synthetic Nicotine Market By Applications

By Distribution Channels Segment

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.

Regional Outlook

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

By Purity Types

  • >99%
  • >99.5%

By Applications

  • E-cigarettes
  • Drugs
  • Others

By Distribution Channels

  • Online
  • Offline

By 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.
Synthetic Nicotine Market By Key Players

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

By Purity Types

  • >99%
  • >99.5%

By Applications

  • E-cigarettes
  • Drugs
  • Others

By Distribution Channels

  • Online
  • Offline

By 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
  • 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.
Synthetic Nicotine Market By Key Players

Buy Report

FAQ Section

Some frequently asked quetions about this report!

Additional company profiles can be provided on request.

Yes, the report covers synthetic nicotine distribution channels types such as online and offline.

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.

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.

Factors such as competitive strength and market positioning are key areas considered while selecting top companies to be profiled.

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.

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 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.

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.

Next Generation Labs LLC, Chemnovatic, Hangsen International Group Ltd., Zanoprima Lifesciences, Nudenicotine, and Hubei Heno Biological Engineering Co., Ltd., and NIIN LLC.