Mexico Nicotine Pouches Market Size & Outlook, 2023-2030
Mexico nicotine pouches market, 2018-2030 (US$M)
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Mexico nicotine pouches market highlights
- The Mexico nicotine pouches market generated a revenue of USD 16.8 million in 2023 and is expected to reach USD 153.0 million by 2030.
- The Mexico market is expected to grow at a CAGR of 37.1% 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 16.8 million |
| Market revenue in 2030 | USD 153.0 million |
| Growth rate | 37.1% (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, Mexico accounted for 0.6% 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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Mexico 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 99.4% in 2023. Horizon Databook has segmented the Mexico nicotine pouches market based on tobacco derived, synthetic covering the revenue growth of each sub-segment from 2018 to 2030.
In 2022, According to Tobacco Tactics the prevalence of current smoking among adults in Mexico was approximately 19%, with a significant difference between males and females. Nearly 30% of men reported current smoking compared to around 9% of women.
The prevalence of current smoking among Mexican youth aged 10 to 19 was less than 5%, with 7.5% of males in this age range smoking compared to less than 2% of females. The nicotine pouches market is experiencing substantial growth in Mexico, driven by increasing awareness of smoking alternatives and the availability of diverse flavor options and customization features.
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Our clientele includes a mix of nicotine pouches market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of country-level data and insights on the Mexico nicotine pouches market , including forecasts for subscribers. This country databook contains high-level insights into Mexico nicotine pouches market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Mexico nicotine pouches market size, by product, 2018-2030 (US$M)
Mexico Nicotine Pouches Market Outlook Share, 2023 & 2030 (US$M)
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