Scandinavia Nicotine Pouches Market Size & Outlook
Scandinavia nicotine pouches market, 2018-2030 (US$M)
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Scandinavia nicotine pouches market highlights
- The Scandinavia nicotine pouches market generated a revenue of USD 475.1 million in 2023 and is expected to reach USD 4,011.2 million by 2030.
- The Scandinavia market is expected to grow at a CAGR of 35.6% 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 475.1 million |
| Market revenue in 2030 | USD 4,011.2 million |
| Growth rate | 35.6% (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, Scandinavia accounted for 15.8% 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 Europe, Scandinavia nicotine pouches market is projected to lead the regional market in terms of revenue in 2030.
- Norway is the fastest growing regional market in Europe and is projected to reach USD 74.2 million by 2030.
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Nicotine Pouches Market Scope
Nicotine Pouches Market Companies
| Name | Profile | # Employees | HQ | Website |
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Scandinavia 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 98.46% in 2023. Horizon Databook has segmented the Scandinavia nicotine pouches market based on tobacco derived, synthetic covering the revenue growth of each sub-segment from 2018 to 2030.
Nicotine pouches have gained widespread popularity in the Scandinavian region among youth due to the large-scale production of flavored nicotine pouches in Sweden, Norway, Denmark, and Finland. Sweden is considered to be the biggest producer and consumer of nicotine pouches worldwide.
Also, nicotine pouches like Snus have originated from Sweden and have gained immense popularity in the entire region. Finland has a different approach to nicotine pouches and is subjected to the sale of nicotine pouches containing nicotine of more than 4 mg/pouch only under a valid prescription.
In adoption of synthetic or tobacco-free oral products in chewing and consumable categories. In 2021, the Swedish government received a report on the potential legislation of tobacco-free nicotine products and proposed regulations on the packaging of synthetic or tobacco free nicotine products for Swedish 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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Horizon Databook provides a detailed overview of country-level data and insights on the Scandinavia nicotine pouches market , including forecasts for subscribers. This country databook contains high-level insights into Scandinavia nicotine pouches market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Scandinavia nicotine pouches market size, by product, 2018-2030 (US$M)
Scandinavia Nicotine Pouches Market Outlook Share, 2023 & 2030 (US$M)
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