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.
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.
Complete Report Details @ https://www.marketresearchfuture.com/reports/europe-pure-nicotine-market-2476
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
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