Pune, June 29, 2023 (GLOBE NEWSWIRE) -- A global Consumer Goods business consulting firm, Maximize Market Research, has published a market intelligence and competitive landscape report on the “Nicotine Pouch Market”. The report is a combination of primary data and secondary data and domain experts have analyzed the Nicotine Pouch Market from a local as well as a global point of view. Over the forecast period, Maximize Market Research expects the market to grow from USD 2.04 Bn in 2022 to USD 17.35 Bn in 2029 at a CAGR of 35.8 percent.
Nicotine Pouch Market Report Scope and Research Methodology
| Market Size in 2022 | USD 2.04 Bn |
| Market Size in 2029 | USD 17.35 Bn |
| CAGR | 35.8 percent (2023-2029) |
| Forecast Period | 2023-2029 |
| Base Year | 2022 |
| Number of Pages | 279 |
| No. of Tables | 116 |
| No. of Charts and Figures | 111 |
| Segment Covered | Product, Flavor, Strength, Distribution and Application |
| Regional Scope | North America, Europe, Asia Pacific, Middle East and Africa, South America |
| Report Coverage | Market Share, Size & Forecast by Revenue | 2023−2029, Market Dynamics, Growth Drivers, Restraints, Investment Opportunities, and Key Trends, Competitive Landscape, Key Players Benchmarking, Competitive Analysis, MMR Competition Matrix, Competitive Leadership Mapping, Global Key Players’ Market Ranking Analysis. |
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The Nicotine Pouch report provides a thorough analysis of the market and contains meaningful insights, facts, historical data, and statistically supported and industry-validated market statistics. The report offers the Nicotine Pouch market's present size, growth rates, and company profiles of the top players and producers. The report provides the Nicotine Pouch market share and rival sector and an analysis of the major vendors and leading regions. The bottom-up approach was used to estimate the Nicotine Pouch market size. Primary and secondary data collection methods are used to determine the Nicotine Pouch market revenue.
The report covers the analysis of applications, economic factors, and geographic divisions in addition to a complete investigation of important market characteristics. A thorough analysis of the regional environment is included, along with information on the potential, important growth indicators, geographical challenges, and threats facing the Nicotine Pouch market. The segment-wise analysis is divided into Product, Flavor, Strength, Distribution and Application. The following details are provided: a description of the company, its primary operations, total earnings and sales, revenue generated in the Nicotine Pouch market, the entry date into the Nicotine Pouch market, recent developments, and other details.
Nicotine Pouch Market Overview
Nicotine pouches are smokeless and tobacco-free products designed to provide nicotine satisfaction without the requirement for traditional smoking or chewing tobacco. They generally consist of a small, pre-portioned pouch containing nicotine and other ingredients including cellulose, flavorings and pH adjusters. The increasing awareness of traditional tobacco's health dangers and harsher smoking laws are the growth contributors to the Nicotine Pouch market.
Nicotine Pouch Market Dynamics
The increasing awareness of the harmful effects of smoking has prompted individuals to explore alternatives, with nicotine pouches providing a smokeless option to satisfy nicotine cravings without smoking inhalation. The increasing number of Health-conscious consumers who prefer tobacco-free options which drives the Nicotine Pouch Market growth. The increasing penetration of online retailers for the Nicotine Pouch, rising consumer interest in smokeless and tobacco-free alternatives and increasing demand for the harm reduction products are also the fuelling factors for the Nicotine Pouch Market.
The demand for personalized experiences has increased the growth of the Nicotine Pouch Market. Manufacturers provide a variety of flavors, nicotine strengths, and product options, allowing consumers to tailor their nicotine pouch experience to their preferences. The stringent regulatory landscapes in several regions and countries such as advertising restrictions and age limitations hinder market growth.
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Nicotine Pouch Market Regional Insights
Europe held the largest Nicotine Pouch Market share in 2022. The increasing consumption of oral tobacco-free products as compared to flammable cigarettes and rising investment by manufacturers for catering to demand for Nicotine products are the influencing factors for the regional market growth. North America is expected to have a significant CAGR for the Nicotine Pouch Market during the forecast period. The growing awareness of the harmful effects of smoking, changing consumer preferences, growing interest in tobacco-free alternatives and increasing availability and distribution of the Nicotine Pouch are the driving factors for the regional growth of the Nicotine Pouch Market.
Asia Pacific is significantly growing the Nicotine Pouch Market. The government initiatives to reduce smoking, growing interest in smokeless alternatives, changing lifestyles and increasing health consciousness and awareness about the harmful effects of smoking are the boosting factors for the regional market growth.
Nicotine Pouch Market Segmentation
By Product
- Tobacco-derived
- Synthetic
On the basis of Product, the market is segmented into Tobacco-derived and Synthetic. Tobacco-derived dominated the Nicotine Pouch market in 2022. Tobacco-derived nicotine pouches are familiar to traditional tobacco users and their recognized association with natural ingredients. Consuming nicotine without smoking, Tobacco-derived nicotine pouches provide an effective way for consumers. Tobacco-derived nicotine products are available for a longer period and have well established a strong presence in the market. They have been marketed to key tobacco companies, leveraging their existing distribution networks as well as brand recognition. As a result, the presence of the market and increasing awareness drive the Nicotine Pouch Market.
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By Flavor
- Original/Unflavored
- Flavored
On the basis of the Flavor, the market is categorized into Original/Unflavored and Flavored. The Flavored Nicotine Pouch held the market in 2022 and is expected to have a significant CAGR over the forecast period. The favored nicotine pouches provide a wide range of flavors including mint, fruit, menthol, and other blends to enhance the sensory experience for consumers. Flavored options offer consumers a diverse range of tastes and aromas, providing various preferences. This variety adds excitement to the nicotine pouch experience, making it more enjoyable for users.
By Strength
- Light
- Normal
- Strong
- Extra Strong
By Distribution
- Offline
- Online
Nicotine Pouch Market Key Competitors include:
- Swedish Match AB (Sweden)
- British American Tobacco PLC (United Kingdom)
- Imperial Brands PLC (United Kingdom)
- Altria Group, Inc. (United States)
- JTI (Japan Tobacco International) (Japan)
- BAT (British American Tobacco) (United Kingdom)
- Skruf Snus AB (Sweden)
- Nordic Snus AB (Sweden)
- Gotlandssnus AB (Sweden)
- AG Snus AB (Sweden)
- Thunder X AB (Sweden)
- Haypp Group AB (Sweden)
- Apollo Snus AB (Sweden)
- Fiedler & Lundgren AB (Sweden)
- Ministry of Snus AB (Sweden)
- Swedish Snus International AB (Sweden)
- GN Tobacco Sweden AB (Sweden)
- Nicotine Pouch Company (United States)
- Velo Nicotine Pouches (United States)
- ZYN Nicotine Pouches (United States)
- ON! Nicotine Pouches (United States)
- Killa Nicotine Pouches (Sweden)
- Epok Snus AB (Sweden)
- Lyft Snus AB (Sweden)
- ACE Superwhite (Denmark)
- Pablo Snus AB (Sweden)
- Skruf AB (Sweden)
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Key questions answered in the Nicotine Pouch Market are:
- What are Nicotine Pouches and Equipment?
- What was the Nicotine Pouch Market size in 2022?
- What is the expected Nicotine Pouch Market size during the forecast period?
- What are the global trends in the Nicotine Pouch Market?
- What are the major restraints for the Nicotine Pouch Market?
- Which segment dominated the Nicotine Pouch market growth?
- What is the demand pattern for the Nicotine Pouch market?
- What growth strategies are the players considering to increase their presence in the Nicotine Pouch market?
- What are the upcoming industry applications and trends for the Nicotine Pouch Market?
- Who are the leading companies and what are their portfolios in the Nicotine Pouch Market?
- Which region dominates the largest market share in the Nicotine Pouch Market?
Key Offerings:
- Past Market Size and Competitive Landscape (2018 to 2023)
- Past Pricing and price curve by region (2018 to 2023)
- Market Size, Share, Size & Forecast by different segment | 2023−2029
- Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by Region
- Market Segmentation – A detailed analysis by Product, Flavor, Strength, Distribution, Application and Region
- Competitive Landscape – Profiles of selected key players by region from a strategic perspective
- Competitive landscape – Market Leaders, Market Followers, Regional player
- Competitive benchmarking of key players by region
- PESTLE Analysis
- PORTER’s analysis
- Value chain and supply chain analysis
- Legal Aspects of Business by Region
- Lucrative business opportunities with SWOT analysis
- Recommendations
Maximize Market Research is leading Consumer Goods research firm, has also published the following reports:
Chewing Tobacco Market - The market size is expected to reach USD 30.57 Bn by 2029 at a CAGR of 4.72 percent during the forecast period. The market is expected to be driven by the increasing prices of cigarettes, rising Nicotine Addiction and Demand and bans on smoking.
Tobacco Packaging Market - The market size is expected to reach USD 20.12 Bn by 2029 at a CAGR of 3.48 percent during the forecast period. The market is expected to be driven by growth in the production of cigarettes across the globe and stressful lifestyles coupled with an increase in per capita income.
Smoking Cessation and Nicotine De-Addiction Market - The market size is expected to reach USD 51.80 Bn by 2029 at a CAGR of 18.90 percent during the forecast period. The market is expected to be driven by the rising awareness among cigarette smokers about the health disadvantages of smoking and the availability of a wide range of nicotine replacement therapy (NRT) products through retail as well as online selling platforms.
Nicotine Gum Market - The market size is expected to reach USD 2.28 Bn by 2029 at a CAGR of 5.8 percent during the forecast period. The market is expected to be driven by the growing awareness of the detrimental health effects of smoking and the implementation of government stringent regulations on tobacco products and smoking in public places
Nicotine Gums And Lozenges Market - The market size is expected to reach USD 6.86 Bn by 2029 at a CAGR of 4.8 percent during the forecast period. The market is expected to be driven by increasing awareness regarding health hazards associated with smoking and technological advancements in Nicotine Replacement Therapy (NRT).
About Maximize Market Research:
Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.
