According to a report by openpr on January 29, the latest research report released by Maximize Market Research Pvt Ltd, a market research and consulting company, predicts that by 2030, the global nicotine bag market will usher in huge growth, and the market value is expected to reach nearly 23.6 billion US dollars. This market forecast indicates that the industry will maintain a staggering CAGR of 35.8% between 2024 and 2030.
The booming growth of the global nicotine pouch market is primarily driven by the increasing demand for smoke-free and tobacco-free alternatives. Tightening smoking regulations and rising awareness of the negative impacts of traditional tobacco products are driving further consumer preference for smoke-free alternatives, portability and discreet use, thereby stimulating market expansion.
