Europe Pure Nicotine Industry Consumption by Types, Regions, Key players Analysis and Forecasts to 2027
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 2022 that
the market will demonstrate an exceptional CAGR of 5.83% during the forecast
period.
Pure nicotine is a colorless liquid with a characteristic
acrimonious odor. 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.
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 5.83% by 2022. 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.
Latest Industry Updates:
Dec
2017 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 2017 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 2015 MOLIQ launched 20 delicious liquids available in
10ml plastic bottles and five nicotine strengths including 0mg, 6mg, 9mg, 12mg
and 18mg.
Nov 2014 Chemnovatic launched new website where one can find
all VAPY and VAPY Complex flavors as well as Nic Shot nicotine shots.
Europe Pure Nicotine Market - 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 players profiled in Pure Nicotine are as Chemnovatic
(Poland), Contraf Nicotex Tobacco GmbH (Germany), Nicobrand Limited (Ireland),
Purenic (BGP Europe AG) (Basel)
Europe Pure Nicotine Market – Segments:
The
Europe Pure Nicotine market has been divided into type, application, and
country.
On The Basis of Type: Liquid and Powder
On The Basis of Application: e-liquid, smoking cessation
products, pharmaceuticals, bio-pesticides and others
On The Basis of Country: Bulgaria, Italy, Germany, Poland and Rest
of Europe
Complete Report Details @ https://www.marketresearchfuture.com/reports/europe-pure-nicotine-market-2476
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