Nicotine Pouches Market REPORT OVERVIEW
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The global nicotine pouches market size was USD 4511.9 in 2021 and is projected to touch USD 60676.56 million by 2031, exhibiting a CAGR of 29.7% during forecast period.
Nicotine pouches are a spit-free, smoke-free alternative to cigarettes and contain nicotine-coated flavors that help in solving tobacco addiction. They are developed by using ingredients such as nicotine, water, flavoring substances, and plant fibers. They are consumed by mouth and placed between lip and gum for an hour. They are a safer alternative to tobacco and help smokers reduce smoking habits. The rising demand for cigarette alternatives is expected to boost the product's demand drastically. Manufacturers focus on developing nicotine solutions in several strengths to target a larger audience and provide excellent tobacco alternatives.
Manufacturers incorporate several flavors to increase nicotine pouches' adoption and eliminate smoking problems. They are spit-free and soluble in texture and design. Tobacco addiction and increasing cases of smoking are expected to bolster nicotine pouches demand. These factors are likely to propel the nicotine pouches market development.
COVID-19 Impact: Robust Demand from Healthcare Sector to Propel Market Growth
The COVID-19 pandemic is expected to boost the demand for the product significantly. The rising demand for nicotine pouches from the healthcare sector is attributable to the emergence of tobacco addiction cases. Increased spending capacity and evolving lifestyles lead to the adoption of tobacco alternatives such as nicotine. The product's increasing sales and incorporation of several flavors are expected to attract consumer demand. Lockdown relaxations have led to the adoption of part-time shifts, reduced capacities, and technologically advanced production machinery. Additionally, the adoption of online retail is expected to boost the product's sales. These factors are likely to boost the market growth during the pandemic.
LATEST TRENDS
"Adoption of Online Retail to Foster Market Progress Radically"
The adoption of online retail enables manufacturers to fuel nicotine pouches' demand drastically. The rising adoption of smartphones, laptops, and other internet-powered devices is expected to increase consumers' convenience and boost their exposure to several products and services. Restrictions imposed on offline shopping lead to the adoption of online retail. Manufacturers aim at creating websites and approaching several online retailers such as Amazon.com, PharmEasy, and others for the retail of the product. It enables manufacturers to reach a wider market and boost their sales rapidly. Rapid digitization and increasing investments in digitization are expected to increase the adoption of online retail. In addition, the implementation of UPI transactions is expected to safeguard transactions and solve problems regarding scams.
The availability of several brands and flavors is expected to foster the product's demand radically. Manufacturers offer pharmaceutical-grade nicotine on websites to increase the product's effectiveness. These factors are likely to fuel the nicotine pouches market progress.
Nicotine Pouches Market Segmentation
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- By Type Analysis
By type, the market is segmented into fruit flavors, mint flavors, coffee flavors, and others.
The mint flavor segment is expected to lead the market because of its taste and ability to eliminate bad breath. Mint flavored nicotine pouches are highly effective and enhance the consumer experience. They help tackle tobacco addiction effectively. Mint flavored nicotine is similar to menthol cigarettes and tobacco and provides a pleasant experience to users. These factors are likely to propel market development.
- By Application Analysis
Based on application, the market is bifurcated into online and offline.
The online segment is expected to be the dominant segment because of the development in online retail. Increasing smartphone sales and consumption of high-speed 5G data is expected to boost the product's adoption. Manufacturers focus heavily on the adoption of online retail to increase their sales and boost adoption. These factors may propel industry growth.
DRIVING FACTORS
"Robust Demand for Smoke-less and Tobacco-free Alternatives to Propel Market Progress"
Evolving consumer preferences and rising demand for cigarette alternatives are expected to boost nicotine pouches' demand. Increasing government investments in the treatment of tobacco addiction are expected to bolster the product's adoption. Nicotine is a substance that is free from tobacco and provides satisfaction to smokers. It helps to eradicate smoking addiction and helps the user to maintain lung health. They are similar to snus and contain no tobacco. Their demand is increasing because of the prevalence of lung cancers caused by tobacco consumption. Rising awareness regarding the adverse health effects of smoking on health is expected to boost the product's adoption. They are an excellent alternative to weed, tobacco, and others. They eliminate the problem of passive and active smoking and maintain the health of the users. These factors are likely to impact the nicotine pouches market positively.
"Rising Concerns Regarding Lung Cancers to Boost Industry Progress"
Increasing cases of cancers associated with the consumption of tobacco, weed, and others are expected to boost the product's adoption. As per the American Cancer Society, approximately 235,760 of the U.S. population suffer from lung cancer and reportedly 131,880 deaths were reported during 2021. As a result, the adoption of smoke-free alternatives is expected to increase. Manufacturers offer products that vary in strength and dose of nicotine as per the preference of the user and enable them to battle addiction effectively. Prescribed doses help eliminate smoking and enhance recovery time. Nicotine pouches are portable and possess longer shelf life and effectively help users to tackle lung and mouth cancers. These factors are responsible for the nicotine pouches market growth.
RESTRAINING FACTORS
"Concerns Regarding Addiction, and Side Effects of the Product to Hinder Industry Development"
Nicotine is a highly addictive substance that possesses several side effects such as reduction in appetite, mood swings, sweating, nausea, and others. It is even more addictive than tobacco if consumed excessively. In addition, the product's high costs may reduce sales. These factors may hamper the progress of the market.
Nicotine Pouches Market REGIONAL INSIGHTS
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"Evolving Consumer Experiences and Concerns Regarding Lung Cancers to Foster Market Growth in Asia-Pacific"
Regionally, the market is grouped into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa
Asia-Pacific is expected to dominate the nicotine pouches market share because of the evolving consumer preferences and the adoption of a healthy lifestyle. Rising spending capacity leads to the adoption of healthier alternatives to smoking such as nicotine pouches. Increasing concerns regarding lung cancers are expected to boost demand for alternative solutions that help in reducing smoking. These factors are likely to influence growth.
North America is the second-largest market shareholder because of the rising cases of lung cancers and increasing investments in the development of alternative solutions. Increased spending capacity and changing lifestyles boost nicotine pouches' adoption. These factors are expected to propel industry progress.
In Europe, the changing consumer preferences and presence of several manufacturing companies are expected to boost nicotine pouches' adoption. Increased government expenditure in the development of medical facilities is expected to facilitate market growth.
KEY INDUSTRY PLAYERS
"Increasing Investments in Research & Development Activities to Help Companies Grow"
The prominent companies operating in the market invest heavily in research and development to improve their product's effectiveness and reduce side effects. This strategy may enable them to develop effective solutions to mitigate problems. The launch of innovative products helps manufacturers gather consumer demand and establish a remarkable market position. Further, the incorporation of expansion strategies enables manufacturers to establish manufacturing facilities and expand their market reach. Additionally, the incorporation of advanced production machinery is expected to increase operational efficiency. It helps them reduce labor costs, boost operational efficiency, improve production quantity, and help organizations achieve their goals.
List of Market Players Profiled
- Swedish Match
- Altria (Helix Innovations LLC)
- BAT (Velo, LYFT)
- Triumph Pouches
- Skruf
- JTI Sweden
- Rogue
- GN Tobacco
- Another Snus Factory
- AM Swedish
- 77 Pouches
- Ministry of Snus
- Vika Svensson
INDUSTRY DEVELOPMENT
- January 2021: Rush® announced the launch of its Non-tobacco oral nicotine pouches in the U.S. market in 2 popular strengths such as 3mg or 7 mg and 4 different flavors consisting of mintsanity, waterblast, cinabuzz, and citrus.
REPORT COVERAGE
The report highlights the top segments and the latest market trends. It comprehensively studies the impact of COVID-19 and the driving and restraining factors. This report observes the strategies devised by the major players and the regional developments. Additionally, it informs the readers regarding the factors that are responsible for the progress of the industry.
REPORT COVERAGE | DETAILS |
---|---|
Market Size Value In |
US$ 4511.9 Million in 2021 |
Market Size Value By |
US$ 60676.56 Million by 2031 |
Growth Rate |
CAGR of 29.7% from 2021 to 2031 |
Forecast Period |
2024-2031 |
Base Year |
2023 |
Historical Data Available |
Yes |
Regional Scope |
Global |
Segments Covered |
Type and Application |
Frequently Asked Questions
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What value is the nicotine pouches market expected to touch by 2031?
Based on our research, the nicotine pouches market is expected to touch USD 60676.56 million in 2031.
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What CAGR is the nicotine pouches market expected to exhibit during the forecast period?
The nicotine pouches market is expected to exhibit a CAGR of 29.7% during the forecast period.
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Which are the driving factors of the nicotine pouches market?
Robust demand for smoke-less and tobacco-free alternatives and the rising concerns regarding lung cancers are likely to drive the nicotine pouches market growth.
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Which are the top companies operating in the nicotine pouches market?
Swedish Match, Chill Of Sweden, Inc., Dryft, The Art Factory AB, Triumph Pouches, Skruf, and JTI Sweden are the top companies operating in the nicotine pouches market.