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Nicotine Pouches Market is Likely to Increase at a Significantly High CAGR during Forecast Period 2031 | Philip Morris Products S.A., Imperial Brands Plc, BAT, Altria Group, Inc., and Haypp Group

05-20-2024 06:58 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Orion Market Research

Nicotine Pouches Market is Likely to Increase at a Significantly

Global nicotine pouches market is anticipated to grow at a considerable CAGR of 9.2% during the forecast period (2024-2031). A major factor supporting the growth of the market is the increasing awareness about the harmful effects of traditional tobacco products such as cigarettes and the growing trend of smoking cessation. Nicotine pouches provide an alternative nicotine delivery method that doesn't involve combustion or inhalation of tobacco smoke, making them potentially less harmful than traditional tobacco products. Additionally, nicotine pouches offer convenience, discretion, and a smoke-free experience that appeals to consumers looking to quit smoking or reduce their tobacco consumption. Introduction of new products further aiding to the market development.

For instance, in April 2023, String Free, a contemporary brand of oral nicotine pouches, entered the Swedish market, marking the introduction of a novel product choice for individuals in search of a convenient and discreet nicotine solution. This debut underscores the continuous growth and advancement observed within the oral nicotine pouch segment, reflecting the industry's commitment to innovation and meeting consumer preferences.

Additionally, in February 2022, Philip Morris International announced its strategic shift towards a smoke-free future, emphasizing its conviction that smoke-free tobacco represents a superior alternative to traditional smoking and committed to phasing out cigarettes entirely in favour of non-combustible tobacco products.

To Request a Sample of our Report on Nicotine Pouches Market:  https://www.omrglobal.com/request-sample/nicotine-pouches-market

Market Coverage

The market number available for - 2023-2031
Base year- 2023
Forecast period- 2024-2031

Segment Covered- 

By Type
By Product
By Distribution Channel

Regions Covered-

North America
Europe
Asia-Pacific
Rest of the World

Competitive Landscape- includes Philip Morris Products S.A., Imperial Brands Plc, BAT, Altria Group, Inc., and Haypp Group among others.

Nicotine Pouches Market Report Segment

By Type

Flavored
Unflavored

By Product

Tobacco Derived
Synthetic

By Distribution Channel

Online
Offline

A full Report of Nicotine Pouches Market is Available @  https://www.omrglobal.com/industry-reports/nicotine-pouches-market

Nicotine Pouches Market Report Segment by Region

North America                                                                                                           

United States
Canada

Europe

UK
Germany
Spain
France
Italy
Rest of Europe

Asia-Pacific

India
China
Japan
South Korea
Rest of APAC

Rest of the World

Latin America
Middle East and Africa

Company Profiles

Altria Group, Inc.
GN Tobacco Sweden AB
Gotlandssnus AB
HAYPP Group
House of Smoke, Inc.
Japan Tobacco Inc.
NextGen Laboratories
Nicopods ehf.
Nordic Snus AB
ON! Nicotine Pouches (Northerner Scandinavia Inc.)
Skruf Snus AB (Skruf)
Snusdaddy
Swedish Match AB
Swisher International Group Inc.
Triumph Tobacco Alternatives LLC
Vapor Tobacco Manufacturing, LLC
Velo GmbH (Velo)

Reasons to buy from us -

We cover more than 15 major industries, further segmented into more than 90 sectors.
More than 120 countries are for analysis.
Over 100+ paid data sources mined for investigation.
Our expert research analysts answer all your questions before and after purchasing your report.

For More Customized Data, Request for Report Customization @ https://www.omrglobal.com/report-customization/nicotine-pouches-market

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Media Contact:

Company Name: Orion Market Research

Contact Person: Mr. Anurag Tiwari

Email: info@omrglobal.com

Contact no:  +91 7803040404

About Orion Market Research
Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services. The company also offer Digital Marketing services through its subsidiary OMR Digital and Software development and Consulting Services through another subsidiary Encanto Technologies.

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