PUBLISHER: SPER Market Research Pvt. Ltd. | PRODUCT CODE: 1218772
PUBLISHER: SPER Market Research Pvt. Ltd. | PRODUCT CODE: 1218772
Global Nicotine Pouches Market Overview
According to SPER Market Research, the Global Nicotine Pouches Market is estimated to reach USD 43.95 billion by 2032 with a CAGR of 35.94%.
The market for nicotine pouches was estimated at to grow in the previous year, and it is anticipated. The market will develop as a result of young individuals seeking to quit using tobacco becoming more interested in nicotine pouches, as well as consumers being more interested in non-lung-exposure products. According to a Rutgers study report released in the previous year, thousands of smokers in the United States were polled on their knowledge of nicotine pouches.Users of nicotine would have access to a larger range of doses and flavours, accommodating all significant consumer trends and preferences. In upcoming years, a significant growth rate is projected in the synthetic market. Growth of the synthetics market is anticipated to be fuelled by an increase in the number of product launches. The introduction of synthetic pouches is one strategy being used by a number of brands, including "NIIN" and "Rush," to diversify their product offerings. For instance, the "NIIN" brand introduced its tobacco-free synthetic pouches in a variety of tastes in the last year, including citrus chill, wintergreen, cold mint, spearmint, and cinnamon.
Nicotine Pouches Market
Impact of COVID-19 on the Global Nicotine Pouches market
The COVID-19 epidemic influenced the market favorably. Consumers generally accept nicotine pouches, and retailers anticipate strong market growth for the category of tobacco-free products. This is mostly because of the rising health concerns related to COVID-19 risk factors. Additionally, the increasing prevalence of internet retailers for such products offered convenience to customers looking to switch to safer smoking alternatives. Sales of nicotine pouches increased in the market in last few years as a result of these factors, and this growth is anticipated to continue throughout the forecast period. Consumer demand for products that are safer and free from the harmful effects of smoking or inhalation is rising.
Scope of the Report:
Report Metric Details
Market size available for years 2019-2032
Base year considered 2021
Forecast period 2022-2032
Segments covered By Type, By Flavour, By Strength, By Distribution Channel
Regions covered Asia-Pacific, Europe, Middle East and Africa, North America, South America
Companies Covered Swedish match, Chill of Sweden, JTI Sweden, Skruf, Dryft, The Art factory AB, Triumph Pouches.
Global Nicotine Pouches Market Segmentation:
By Type: Based on the Type Global Nicotine Pouches is segmented as; (Synthetic, Tobacco- derived).
By Flavour: Based on the Flavour, Global Nicotine Pouches Market is segmented as; {Original/Unflavoured, Flavoured (Mint, Fruit, Coffee, Cinnamon, Others)}.
By Strength: Based on the Strength, Global Nicotine Pouches Market is segmented as; (Extra Strong, Strong, Light, Normal)
By Distribution channel: Based on the Distribution Channel, Global Nicotine Market is segmented as; (Offline, Online)
By Region: The second-fastest growth rate during the prediction is predicted to occur in the Asia Pacific region. The Asia Pacific market is expected to grow rapidly as a result of rapid urbanisation, rising per capita income, and appealing marketing tactics used by international firms.