Growing Global Nicotine Pouch Market Predicted to Reach $23.6 Billion by 2030

Market by 2FIRSTS.ai

Jan.29.2024

Growing Global Nicotine Pouch Market Predicted to Reach $23.6 Billion by 2030

Global nicotine pouch market is predicted to reach almost $23.6 billion by 2030, with a staggering 35.8% CAGR between 2024 and 2030, driven by increasing demand for smokeless tobacco alternatives.

According to a report released by market research and consulting firm Maximize Market Research Pvt Ltd on January 29, the global nicotine pouch market is predicted to experience substantial growth, with an estimated market value reaching nearly $23.6 billion by 2030. This market forecast suggests that the industry will maintain an impressive compound annual growth rate of 35.8% during the period from 2024 to 2030.

The rapid growth of the global nicotine pouch market is primarily driven by the increasing demand for smokeless and tobacco-free alternatives. Strengthened smoking regulations and improved awareness of the negative effects of traditional tobacco products have prompted consumers to further prefer smokeless alternatives, portability, and discreet usage, thereby stimulating market expansion.

References:

[1] Nicotine Pouch Market reaching nearly USD 23.60 Billion by 2030 with a robust CAGR of 35.8% from 2024 to 2030

Also Read:

[1] Imperial Brand Teams Up with Racing Team for Sponsorship

[2] Juul Supports Legislation to Regulate Nicotine Products in Florida

[3] Kenyan Government Relaxes Health Warnings on BAT Products

[4] BAT's Pressure Weakens Health Warnings on Velo Nicotine Pouches

#Market #World #Global #Nicotine pouches #E-cigarette Market #Nicotine e-cigarettes #Nicotine-containing e-cigarettes

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2. The use of nicotine-containing products — including, but not limited to, cigarettes, e-cigarettes, nicotine pouchand heated tobacco products — carries significant health risks. Users are responsible for complying with all applicable laws and regulations in their respective jurisdictions.

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