The Culinary Delights of Cape Town: An Exposition on Halaal Restaurants
Cape Town is a bustling city with a rich cultural diversity that proudly reflects in its cuisine. Halaal restaurants in Cape Town are a culinary delight that one can't afford to miss out on. The city takes immense pride in its food industry, with a particular emphasis on Halaal cuisine. You can enjoy a variety of scrumptious Halaal dishes in Cape Town, from classic middle eastern platters to fusion creations. The abundance of options in the city can be overwhelming, but don't worry! Read our blog for a detailed guide of the best Halaal restaurants in Cape Town, and let your taste buds take a joyride through the various flavors the city has to offer.
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The global nicotine gum market size was valued at USD 1.49 billion in 2021 and reached USD 1.56 billion in 2022. The market is expected to reach USD 2.17 billion by 2029, exhibiting a CAGR of 4.8% during the forecast period. Rising health awareness and prevalence of illnesses are expected to enhance the market growth. Fortune Business Insights™ presents this information in its report titled “Nicotine Gum Market, 2022-2029.”

List of Key Players Profiled in the Nicotine Gum Market Report

GlaxoSmithKline plc (U.K.)
Johnson & Johnson (U.S.)
Novartis Consumer Health (Germany)
ITC Limited (India)
Cipla Health Limited (India)
Perrigo Company Plc (Ireland)
Fertin Pharma (Denmark)
Alchem International (India)
Revolymer (U.K.)
Driving Factors

Anti-Smoking Campaign Promotions to Facilitate Market Progress

Nicotine gum is a medicine that helps people quit smoking and is used every 2 hours to eliminate smoking cravings. Rising research and development and the promotion of the product by government and non-government firms are expected to enhance product demand. Further, manufacturers focus on promoting anti-smoking campaigns and launch novel products that counter smoking cravings, such as lozenges, gums, and others. Moreover, the rising smoking-related illnesses, such as lung cancers, are expected to enhance product demand. These factors may incite nicotine gum market growth.

However, the side effects of nicotine gum are expected to restrain the market growth during the upcoming years.

Regional Insights

Rising Number of Health Conscious Consumers to Propel Market Growth in North America

North America is expected to dominate the nicotine gum market share due to increasing health-conscious consumers. The market in North America stood at USD 650.47 in 2022 and is expected to gain huge market share in the upcoming years. Furthermore, major brands focus on launching innovative products to enhance their quality and boost brand image globally.

In Europe, the rising nicotine gum product sales in France, Italy, Germany, and the U.K. are expected to enhance the demand for nicotine gums. Furthermore, a strong focus on implementing strategies for quitting smoking is expected to enhance demand.

In Asia Pacific, strong demand for innovative products, is expected to enhance the demand for the product. Furthermore, the rising demand for innovative products and increasing competition between companies are expected to enhance the market growth.

Competitive Landscape

Major Players Launch Novel Products to Reinforce Brand Presence

The prominent companies operating in the market announce novel products to reinforce their brand image globally. For example, Nicorette announced a nicotine gum with ice mint lozenge in May 2019. This product offers a smooth texture and provides a punch of mint flavor. This launch may enable the company to attract consumers and enhance its brand presence globally. Furthermore, companies devise acquisitions, mergers, partnerships, and expansion strategies to enhance their market position.

Key Industry Development

July 2021: Philip Morris International acquired Fertin Pharma, a developer and producer of well-being and pharmaceutical products based on intra-oral and oral delivery systems.

Browse Summary of This Research Report:

https://www.fortunebusinessins....ights.com/nicotine-g

The global nutraceuticals market is expected to gain momentum by reaching USD 658.11 billion by 2028 while exhibiting a CAGR of 9.3% between 2021 and 2028. Fortune Business Insights in its latest report, titled, “Nutraceuticals Market, 2021-2028.”, mentions that the market stood at USD 320.00 billion in 2020. Factors such as the increasing personalization in nutritional diet and the increasing investment in R&D activities are expected to propel the demand for the product in the forthcoming years.

DRIVING FACTORS

Increasing Investment in Product Development to Favor Growth

In January 2020, Archer Daniels Midland Company announced the acquisition of Yerbalatina Phytoactives, a leading manufacturer of natural plant-based extracts and ingredients. The company with its investment aims to strengthen its position in the market. Similarly, several companies are focusing on investing in R&D activities to develop and introduce health-benefiting food products to cater to the growing demand for nutritious products worldwide. Moreover, the development of natural food products devoid of any harmful substances will boost the global nutraceuticals market growth in the forthcoming years.

REGIONAL INSIGHTS

Asia-Pacific to Remain at Forefront; Demand for Functional Foods to Increase in North America

Among all the regions, Asia-Pacific is expected to remain dominant and hold the highest position in the market during the forecast period. The dominance is attributable to the presence of a large population and the improving living standards in countries such as India, Japan, and South Korea, among others that will boost the demand for nutraceuticals in the region. Moreover, the region stood at USD 124.70 billion in 2020.

The market in North America is expected to hold the second position in the market backed by the increasing demand for plant-based nutritional products and the growing demand for functional food in countries such as the U.S. between 2021 and 2028.

Market Segmentation:

Based on product type, the market is trifurcated into dietary supplements, functional foods, and functional beverages.

On the basis of product type, the dietary supplements segment held a global nutraceuticals market share of about 19.12% in terms of revenue in 2020 and is likely to experience considerable growth. This is due to several companies focusing on expanding their dietary supplement production facilities to cater to the growing consumer demand.

Based on the distribution channel, the market is categorized into hypermarkets/supermarkets, convenience stores, online retail, and others. Lastly, on the basis of region, the market is segregated into Asia-Pacific, North America, Europe, South America, and the Middle East and Africa.

COMPETITIVE LANDSCAPE:

Merger and Acquisition between Major Companies to Brighten their Market Prospects

The global market comprises small, medium, and large companies that are striving to maintain a stronghold. The large companies are focusing to expand their nutraceuticals portfolio by acquiring other small companies. Moreover, other key players are adopting strategies such as facility expansion, partnership, and collaboration to gain a competitive edge over their rivals that will favor the market growth in the forthcoming years.

Key Industry Development:

September 2020 - Nuliv Science introduced a new compound, Senactiv that helps to promote muscle energy and regeneration. The company further reports that the new sports product is manufactured taking into consideration the surging demand for dietary supplements among consumers.

Browse Detailed Summary of Research Report:

https://www.fortunebusinessins....ights.com/nutraceuti

Understanding the Value of Gold Bullion in Modern Economy

Throughout history, gold has been a symbol of wealth and power. Even today, gold remains a sought-after commodity. But beyond its shine and beauty, gold bullion has proven to hold great value in the modern economy. Unlike stocks and other investments, gold has no correlation to the performance of traditional investments and is believed to be a safe-haven asset during times of economic uncertainty. Governments and central banks alike hold gold reserves to maintain stability, providing a sense of security to investors. Gold bullion can be easily bought and sold, making it a liquid asset for those looking to diversify their portfolio. As the world continues to evolve and economies fluctuate, understanding the value of gold bullion has become increasingly important in investment strategy.
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Dive into the diverse world of cello music with our comprehensive repertoire list. Spanning centuries and styles, this list showcases the versatility of the cello and invites you to explore compositions from different eras.

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Discover the timeless classics that have graced the cello repertoire for generations. Explore our curated list of essential pieces that every cellist should have in their repertoire, from Bach to Brahms.

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