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Nicotine Pouches Market Size

Report ID: GMI8604
Published Date: Mar 2024
Report Format: PDF

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Nicotine Pouches Market Size

Nicotine Pouches Market size was valued at around USD 6.6 Billion in 2023 and is estimated to register a CAGR of around 17.5% between 2024 and 2032. According to the World Health Organization consumption of tobacco-related products causes 8 million deaths every year across the globe.

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Further, tobacco use is responsible for 25% of all cancer deaths globally. Increasing awareness of the health risks of smoking traditional tobacco products has led to a shift in consumer inclination towards smokeless alternatives are driving the market demand.

Nicotine Pouches Market Report Attributes
Report Attribute	Details
Base Year:	2023
Nicotine Pouches Market Size in 2023:	USD 6.6 Billion
Forecast Period:	2024 - 2032
Forecast Period 2024 - 2032 CAGR:	17.5%
2032 Value Projection:	USD 27.4 Billion
Historical Data for:	2018 - 2023
No. of Pages:	320
Tables, Charts & Figures:	380
Segments covered:	flavor type, nicotine content, category, consumer group, distribution channel, region
Growth Drivers:	Rising popularity of smoke-free alternatives to tobacco products Health consciousness Variety of flavors and strengths
Pitfalls & Challenges:	Regulatory uncertainty

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The nicotine pouches market faces competition from other nicotine delivery products, such as e-cigarettes, vape pens, and nicotine gums. The availability of alternative products may limit market growth and consumer adoption of nicotine pouches, particularly in regions where vaping is popular. Nicotine pouches come in various flavors and packaging designs that may appeal to young people, raising concerns about youth initiation and nicotine addiction. Regulatory efforts to restrict marketing and sales to minors are essential to prevent youth access and use of nicotine pouches, which in turn restraining the business growth.

Authors: Avinash Singh, Sunita Singh

Frequently Asked Questions (FAQ) :

Nicotine pouches market size was USD 6.6 billion in 2023 and is expected to register 17.5% CAGR from 2024-2032 owing to the increasing awareness of the health risks of smoking traditional tobacco products among consumers worldwide.

The flavored segment reached USD 4.8 billion in 2023 and is expected to register an appreciable CAGR from 2024-2032 due to being particularly popular among younger demographics who are drawn to novel and trendy flavor options.

North America nicotine pouches industry recorded 37% share in 2023 and is expected to register a commendable CAGR from 2024-2032 due to being marketed as a safer alternative to traditional tobacco products like cigarettes in the region.

Kretek International – Dryft, NGP Empire – Killa, Philip Morris International, R. J. Reynolds – Velo, Redwood – ZERO, Rogue – Rogue, Skoal – VELO, Swedish Match - On!, Swedish Match – ZYN, and Turning Point Brands – UPROAR, are some of the major nicotine pouches companies worldwide.