Nicotine Pouches Market to hit USD 27.4 billion by 2032, says Global Market Insights Inc.
Nicotine pouches industry is projected to witness a CAGR of 17.5% during the period 2024-2032. This growth can be attributed to the rising popularity of smoke-free alternatives to tobacco products.
Selbyville, Delaware, Oct. 30, 2024 (GLOBE NEWSWIRE) —
Nicotine Pouches
Key Players in the Nicotine Pouches Market
Leading players include Lyft (BAT), Velo (R.J. Reynolds), On! (Altria Group), Nordic Spirit (Imperial Brands), Killa (NTC), White Fox (GN Tobacco), Epok (Imperial Brands), Skruf (Swedish Match), and Velo (Imperial Brands). Their strategies encompass aggressive marketing for heightened brand visibility, innovative product formulations to align with evolving consumer tastes, strategic partnerships for market expansion, R&D investments for enhanced product appeal, and leveraging digital platforms for improved consumer engagement.
In May 2024, Scandinavian Tobacco Group made waves by launching its XQS range of nicotine pouches in the UK. This move signifies a notable shift from its primary focus on cigars. The introduction of XQS underscores STG’s ambition to broaden its brand portfolio and lessen its dependence on conventional products. Having acquired the Swedish XQS business the previous year, STG is now poised to make a mark in the UK with this fresh offering.
Partial Table of Contents (ToC) of the report:
Chapter 1 Methodology & Scope
1.1 Market scope & definitions
1.2 Base estimates & calculations
1.3 Forecast calculations
1.4 Data sources
1.4.1 Primary
1.4.2 Secondary
1.4.2.1 Paid sources
1.4.2.2 Public sources
Chapter 2 Executive Summary
2.1 Industry 3600 synopsis, 2018-2032
Chapter 3 Industry Insights
3.1 Industry ecosystem analysis
3.1.1 Factors affecting the value chain
3.1.2 Profit margin analysis
3.1.3 Disruptions
3.1.4 Future outlook
3.1.5 Manufacturers
3.1.6 Distributors
3.1.7 Retailers
3.2 Technology & innovation landscape
3.3 Key news & initiatives
3.4 Regulatory landscape
3.5 Impact forces
3.5.1 Growth drivers
3.5.1.1 Rising popularity of smoke-free alternatives to tobacco products
3.5.1.2 Health consciousness
3.5.1.3 Variety of flavors and strengths
3.5.2 Industry pitfalls & challenges
3.5.2.1 Regulatory uncertainty
3.6 Growth potential analysis
3.7 Porter’s analysis
3.8 PESTEL analysis
Browse more recreational products industry reports @ https://www.gminsights.com/industry-reports/recreational-products/84
About Global Market Insights
Global Market Insights Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider, offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy, and biotechnology.
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