USD 1.5 billion
Nicotine Pouches Market Size, Share, Growth Analysis, By Product-type(Tobacco derived, synthetic and others), By Flavour(Original, unflavored and others), By Distribution channel(Online and offline), By Strength(Light, normal, strong, extra strong and others), By Region - Industry Forecast 2024-2031
Report ID:
SQMIG30J2004 |
Region:
Global |
Published Date: February, 2024
Pages:
157
|Tables:
114
|Figures:
78
Nicotine Pouches Market Insights
Nicotine Pouches Market size was valued at USD 1.5 billion in 2021 and is poised to grow from USD 1.99 billion in 2022 to USD 22.98 billion by 2030, growing at a CAGR of 35.7% in the forecast period (2023-2030).
Nicotine pouches are becoming popular since It offers various advantages to the consumers such as convenience, smoke free, alternative, healthier, alternative, reduce social stigma, variety, and lower cost.
One of the advantages of nicotine pouches is that they are smoke-free. This means that they do not produce any harmful second-hand smoke, which can be particularly beneficial in situations where smoking is not allowed, such as in public places or around children and non-smokers. Additionally, this feature may reduce the social stigma associated with smoking and make it easier for individuals to use nicotine pouches in social settings. Unlike traditional tobacco products, nicotine pouches do not require any combustion or burning to release the nicotine, as the nicotine is absorbed through the oral mucosa. As a result, they do not produce any smoke, ash or odor, making them a more discreet and less intrusive alternative to traditional smoking products. Furthermore, this smoke-free aspect of nicotine pouches may be particularly appealing to individuals who are sensitive to the effects of smoke or who may have respiratory problems.
It is also a cost effective alternative to the traditional method. Nicotine pouches are generally less expensive, making them a more accessible option for individuals looking for a cost-effective way to consume nicotine. This cost difference may be particularly significant for individuals who use nicotine regularly and are looking for a more economical option. In addition to being less expensive than traditional tobacco products, nicotine pouches can also provide savings in other areas. For example, traditional tobacco products often require additional costs such as lighters, ashtrays, and maintenance for smoking-related equipment. On the other hand, nicotine pouches do not require any additional equipment, and can be used simply by opening the pouch and placing it in the mouth. Furthermore, the lower cost of nicotine pouches may also be appealing to individuals who are looking to quit smoking or reduce their nicotine consumption. By providing a more affordable alternative to traditional tobacco products, nicotine pouches may help individuals transition away from smoking and towards a healthier and more cost-effective lifestyle.
US Nicotine Pouches Market is poised to grow at a sustainable CAGR for the next forecast year.
Market Snapshot - 2024-2031
Global Market Size
Largest Segment
Synthetic.
Fastest Growth
Synthetic.
Growth Rate
35.7% CAGR
Global nicotine pouches Market 2021-2030 ($ Bn)
Country Share for Europe Region- 2021 (%)
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Nicotine Pouches Market Segmental Analysis
Global nicotine pouches market is segmented on the basis of Product type, flavor, strength, distribution channel, and region. By Product type, the market is segmented into Tobacco derived, synthetic and others. By Flavour, the market is segmented into Original, unflavoured, and others. By Strength, the market is segmented into Light, normal, strong, extra strong, and others. By Distribution channel, the market is segmented into Online, and offline. By region, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
Nicotine Pouches Market Analysis by Product Type
The global revenue in 2021 for the tobacco-free pouches market was primarily driven by the synthetic nicotine segment, which accounted for around 98.0% of the total share. Key brands worldwide offer tobacco-free pouches in a variety of flavors, and they are rapidly gaining popularity in the global market. Manufacturers in the industry are employing merger and acquisition strategies to target specific countries..
By expanding their product portfolios, manufacturers can offer nicotine users a wider range of doses and flavors, which will cater to major customer trends and preferences. It is expected that the synthetic nicotine segment will experience significant growth, primarily due to an increasing number of product launches. Brands like "NIIN" and "Rush" are among several that are focusing on expanding their product lines by introducing synthetic pouches, which are expected to further drive industry growth.
Global nicotine pouches Market By Product type 2021 (%)
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Nicotine Pouches Market Regional Insights
In 2021, Europe dominated the global industry, accounting for more than 49.70% of the total revenue. The growth of the European market can be attributed to the increasing demand for oral tobacco-free products over flammable cigarettes. Manufacturers are also investing in European countries to cater to the emerging demand for nicotine pouches.
The Asia Pacific region is expected to have the second-highest growth rate during the forecast period. This growth is expected to be driven by rapid urbanization, increasing per capita income, and attractive marketing strategies adopted by global players. Key manufacturers in the region are expanding their geographic and store footprint for their oral smokeless product portfolios, often accompanied by promotional discount activities.
Global nicotine pouches Market By Geography, 2021-2030
- Largest
- Fastest
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Nicotine Pouches Market Dynamics
Nicotine Pouches Market Drivers
Reduction in Social Stigma is Boosting Market Growth
- Nicotine pouches are their ability to be used discreetly without producing smoke or odor, making them an attractive option for individuals who wish to avoid unwanted attention or social stigma. Unlike traditional tobacco products, nicotine pouches do not require combustion or burning, which means they do not produce smoke, ash, or any unpleasant odor. This feature is particularly beneficial in settings where smoking is prohibited, such as in public places, workplaces, or around non-smokers. Nicotine pouch users can consume nicotine without disturbing others, reducing the risk of negative social consequences or conflicts with non-smoking individuals. Additionally, the discrete nature of nicotine pouches may be appealing to individuals who are self-conscious about their nicotine use or those who prefer not to draw attention to themselves. This feature also allows for greater privacy and flexibility in terms of when and where the product can be used, without the need for additional equipment or preparation.
Nicotine Pouches Market Restraints
Perception of Addiction to Hinder Market Growth
- One of the potential restraints for the nicotine pouch market is the perception of addiction among consumers. Like other nicotine-containing products, nicotine pouches can be habit-forming and lead to dependence, which may discourage some consumers from trying them or raise concerns about withdrawal symptoms if they decide to quit. This perception of addiction may be particularly relevant for non-smokers who are new to nicotine products or are looking for a less harmful alternative to or smoking. Such individuals may be wary of using nicotine pouches, fearing that they may become addicted or struggle to quit if they develop a dependence.
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Nicotine Pouches Market Competitive Landscape
The nicotine pouch market is an emerging industry that is rapidly growing, with an increasing number of companies entering the market and vying for market share. The competition in the nicotine pouch market is characterized by a wide range of products, flavors, and strengths that cater to diverse consumer preferences and needs. Companies in this industry are focused on developing innovative nicotine pouch products as an alternative to traditional tobacco products, particularly cigarettes. This has resulted in the introduction of various flavors such as mint, fruit, and coffee, among others, to appeal to a broader audience. Marketing and advertising campaigns play a significant role in gaining a competitive edge in this industry, with companies targeting specific demographics such as young adults, smokers, and health-conscious individuals. Some companies are also focused on expanding their distribution channels by partnering with retailers and establishing online stores to reach a broader audience.
Despite the competitive nature of the market, companies often collaborate and form partnerships to leverage each other's strengths and expertise. For instance, nicotine pouch companies may collaborate with manufacturers, suppliers, and distributors to streamline the production and distribution processes.Overall, the nicotine pouch market is a rapidly evolving industry that is characterized by innovation, differentiation, and customer engagement. The market is expected to grow further as more consumers seek alternatives to traditional tobacco products, leading to increased competition and further developments in the industry.
Nicotine Pouches Market Top Player’s Company Profiles
- Swedish Match AB
- Altria Group, Inc.
- British American Tobacco PLC
- Japan Tobacco Inc.
- Imperial Brands PLC
- GN Tobacco Sweden AB
- Skruf Snus AB
- Gotlandssnus AB
- Nordic Snus AB
- Fiedler & Lundgren AB
- BAT Norway AS
- Apollo Brands LLC
- AG Snus AB
- AG Snus Estonia OU
- BAT Sweden AB
- Vapor Tobacco Manufacturing, LLC
- House of Smoke, Inc.
- HAYPP Group
- ON! Nicotine Pouches
- Velo GmbH
Nicotine Pouches Market Recent Developments
- In May 2022, Philip Morris, the global tobacco giant, entered into an agreement to acquire Swedish Match, a European producer of oral nicotine pouches, for a reported $16bn. The deal involves Swedish Match accepting a cash payment of SEK106 per share, resulting in a total valuation of the company of around SEK 161.2bn (£13bn). This acquisition marks a significant move for Philip Morris into the oral nicotine pouch market and is expected to strengthen the company's position in the industry..
Nicotine Pouches Key Market Trends
- One of the significant market trends in the nicotine pouch industry is the continuous innovation of flavors and packaging options. To cater to different consumer preferences, companies are developing innovative products that appeal to a wider audience. Manufacturers are coming up with new and unique flavor profiles, such as fruit, mint, coffee, and various other flavors to attract customers looking for an alternative to traditional tobacco products. In addition to flavors, companies are also experimenting with different packaging options, such as various sizes, shapes, and colors, to create a distinct brand identity and improve consumer experience. This approach helps companies differentiate their products from competitors and attract new customers. The packaging options are not only eye-catching but also practical, with some brands offering discreet and portable options suitable for on-the-go use.
Nicotine Pouches Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates and Analyses the Data collected by means of Primary Exploratory Research backed by the robust Secondary Desk research.
Our analysis of the global nicotine pouch market indicates that it is poised for significant growth during the forecast period due to several advantages it offers. One of the key advantages is convenience, as nicotine pouches are easy to use and can be consumed discreetly, without requiring any special equipment or preparation.Another advantage is that nicotine pouches are smoke-free, unlike traditional tobacco products. This means that they do not produce harmful second-hand smoke, ash, or any unpleasant odor, making them ideal for use in public places or around non-smokers. Nicotine pouches also provide a healthier alternative to traditional tobacco products, as they are free from tar and other harmful chemicals found in cigarettes. This makes them an attractive option for individuals looking to quit smoking or reduce their tobacco consumption. Additionally, nicotine pouches offer a variety of flavors and strengths, catering to different consumer preferences and needs. This variety helps to reduce social stigma associated with smoking and makes nicotine pouches a more appealing option for a wider range of consumers. However, like other nicotine-containing products, nicotine pouches can be habit-forming and lead to dependence. This may discourage some consumers from trying them or raise concerns about withdrawal symptoms if they decide to quit. It is important for users to be aware of the potential risks and use nicotine pouches responsibly.
| Report Metric | Details |
|---|---|
| Market size value in 2023 | USD 1.5 billion |
| Market size value in 2031 | USD 22.98 billion |
| Growth Rate | 35.7% |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
Nicotine Pouches Market Recent Developments
|
| Customization scope | Free report customization with purchase. Customization includes:-
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Nicotine Pouches Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Nicotine Pouches Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Nicotine Pouches Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Nicotine Pouches Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Nicotine Pouches Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Nicotine Pouches Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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