Lexaria Bioscience Corp. (NASDAQ: LEXX) and the Budding Alternative Nicotine Market
The nicotine pouch market is projected to reach $21.84 billion in 2027, up from $2.33 billion in 2020, representing a CAGR of 30.7%The smokeless tobacco products sector is expected to post a CAGR of 7.2% over the forecast period (2018-2025)Lexaria, through its patented DehydraTECH technology, is tapping into this important alternative nicotine sector Its management is confident that its research and technology development investment will pay off and provide greater consumer satisfaction. In 2019, it was estimated that at least 1.1 billion people globally smoked cigarettes regularly. 780 million, representing 71% of the global smoking population, noted that they wanted to…