Canada Nicotine Pouches Market Size & Outlook, 2023-2030
Canada nicotine pouches market, 2018-2030 (US$M)
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Canada nicotine pouches market highlights
- The Canada nicotine pouches market generated a revenue of USD 11.9 million in 2023 and is expected to reach USD 104.1 million by 2030.
- The Canada market is expected to grow at a CAGR of 36.3% from 2024 to 2030.
- In terms of segment, tobacco derived was the largest revenue generating product in 2023.
- Synthetic is the most lucrative product segment registering the fastest growth during the forecast period.
Nicotine pouches market data book summary
| Market revenue in 2023 | USD 11.9 million |
| Market revenue in 2030 | USD 104.1 million |
| Growth rate | 36.3% (CAGR from 2023 to 2030) |
| Largest segment | Tobacco derived |
| Fastest growing segment | Synthetic |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Tobacco derived, Synthetic |
| Key market players worldwide | Swedish Match, Altria Group Inc, British American Tobacco, Japan Tobacco Inc, Philip Morris International Inc, Skruf Snus |
Other key industry trends
- In terms of revenue, Canada accounted for 0.4% of the global nicotine pouches market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In North America, U.S. nicotine pouches market is projected to lead the regional market in terms of revenue in 2030.
- Mexico is the fastest growing regional market in North America and is projected to reach USD 153.0 million by 2030.
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Nicotine Pouches Market Scope
Nicotine Pouches Market Companies
| Name | Profile | # Employees | HQ | Website |
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Canada nicotine pouches market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to nicotine pouches market will help companies and investors design strategic landscapes.
Tobacco derived was the largest segment with a revenue share of 99.16% in 2023. Horizon Databook has segmented the Canada nicotine pouches market based on tobacco derived, synthetic covering the revenue growth of each sub-segment from 2018 to 2030.
The nicotine pouch market has witnessed a surge in innovative and premium offerings, ranging from mint flavor to citrus and cinnamon. This trend mirrors the growth and increased acceptance of nicotine pouches observed in Canada.
These nicotine pouches cater to consumers seeking distinctive and sophisticated options, reflecting a shift toward more diverse and refined choices in the market. For individuals seeking alternatives to smoking or dipping, nicotine pouches offer a more appealing option due to the wide array of flavor choices available, allowing them to customize their nicotine experience according to their preferences.
Moreover, major players in the tobacco industry are increasingly shifting their focus from cigarettes to smokeless tobacco pouches, reflecting a growing interest in these products among consumers.
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Our clientele includes a mix of nicotine pouches market companies, investment firms, advisory firms & academic institutions.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of country-level data and insights on the Canada nicotine pouches market , including forecasts for subscribers. This country databook contains high-level insights into Canada nicotine pouches market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Canada nicotine pouches market size, by product, 2018-2030 (US$M)
Canada Nicotine Pouches Market Outlook Share, 2023 & 2030 (US$M)
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