Latin America Modern Oral Nicotine Products Market Size & Outlook
The modern oral nicotine products market in Latin America is expected to reach a projected revenue of US$ 60.8 million by 2030. A compound annual growth rate of 26.7% is expected of Latin America modern oral nicotine products market from 2024 to 2030.
Revenue, 2023 (US$M)
$11.6
Forecast, 2030 (US$M)
$60.8
CAGR, 2024 - 2030
26.7%
Report Coverage
Latin America
Latin America modern oral nicotine products market, 2018-2030 (US$M)
Latin America modern oral nicotine products market highlights
- The Latin America modern oral nicotine products market generated a revenue of USD 11.6 million in 2023.
- The market is expected to grow at a CAGR of 26.7% from 2024 to 2030.
- In terms of segment, nicotine pouches was the largest revenue generating product in 2023.
- Nicotine Pouches is the most lucrative product segment registering the fastest growth during the forecast period.
Latin America data book summary
| Market revenue in 2023 | USD 11.6 million |
| Market revenue in 2030 | USD 60.8 million |
| Growth rate | 26.7% (CAGR from 2023 to 2030) |
| Largest segment | Nicotine pouches |
| Fastest growing segment | Nicotine Pouches |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Nicotine Pouches |
Other key industry trends
- In terms of revenue, Latin America region accounted for 0.2% of the global modern oral nicotine products market in 2023.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 177.0 million by 2030.
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Modern Oral Nicotine Products Market Scope
Modern oral nicotine products market segmentation & scope
Strenght
Light
Normal
Strong
Extra Strong
Flavor
Original/Unflavored
Flavored
Distribution Channel
Offline
Online
Countries
U.S.
Canada
Mexico
UK
Germany
France
Italy
Spain
Japan
China
India
Australia
South Korea
Brazil
Argentina
Saudi Arabia
South Africa
UAE
Kuwait
Modern Oral Nicotine Products Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Latin America modern oral nicotine products market
Related regional statistics
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