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The following projection from Kantar (via BATs management) shows the math

Public health and anti-tobacco groups criticized the plan as not going far enough to stem an emerging public health threat

Experts predict that the market will continue to grow at a 2.7% CAGR, and could reach USD 20 billion in 2034

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As awareness of the health implications of smoking continues to rise, the Global E-Cigarettes and Vaporizer Industry is likely to expand, attracting both new users and those looking to transition from conventional tobacco products

Alternative to cigarettes: how much does nicotine cost in pouch form