Market Research Future (MRFR) has published a cooked research report on the “Global Snus Market” that contains information from 2018 to 2032.TheSnus Marketis estimated to register a CAGR of 4.80%during the forecast period of 2023 to 2032.
MRFR recognizes the following companies as the key players in the global Snus Market—Swedish Match AB; BAT; Dacapo Silver AB; Altria Group, Inc.; AG Snus; GN Tobacco Sweden AB; GorditoOü; Gotlandssnus; Nordic Snus AB; SkrufSnus and others.
Snus Market Highlights
The global Snus Market is accounted to register a CAGR of 4.80%during the forecast period and is estimated to reach USD 4.7 billion by 2032.
Snus is a smokeless tobacco that is gaining popularity as a handy substitute for cigarettes. Strict government rules and regulations around smoking and environmental contamination are increasing consumer demand for snus around the world. Government initiatives to discourage smoking in major industrialized countries such as the United States by allowing the use of tobacco and nicotine alternatives are growing global snus adoption.
Segment Analysis
The global snus market has been segmented based type and component
On the basis of product, the market is segmented into loose and portion.Portion in the product segment leads the market in 2022. Tobacco is wrapped in pouches to produce portions. They come in a range of hues such as white, original, all white, dry white, and others. The original part is wet and black in hue, and it instantly offers flavour and nicotine.
Based on flavor, the global Snus Market has been segmented mint, whiskey, fruit and others. In 2022, mint taste topped the segment, accounting for more than 38% of total revenue. The availability of mint-flavored snus may encourage consumers to use the product because they find its scent, flavour, pleasantness, and intensity more appealing.
Regional Analysis
The global Snus Market, based on region, has been divided into the North America, Europe, Asia-Pacific, and Rest of the World. North America consists of US and Canada. The Europe Snus Marketcomprises of Germany, France, the UK, Italy, Spain, and the rest of Europe. The Snus Marketin Asia-Pacific has been segmented into China, India, Japan, Australia, South Korea, and the rest of Asia-Pacific. The Rest of the World Snus Marketcomprises of Middle East, Africa, and Latin America.
North America dominated the worldwide snus market in 2022, with a market share. It is anticipated that the United States government's attempts to reduce smoking among people by permitting the use of nicotine and tobacco substitutes would have a substantial impact on the region's rising acceptance of snus. Increased expenditures in new product development in the area are also expected to drive market growth even further.
In addition, during the projected period, Europe is expected to contribute a major share of the worldwide market. The European snus market is extremely concentrated, with the Scandinavian area producing and consuming the most snus. Sweden, Norway, and Denmark are the region's biggest producers of snus goods. Some of the world's biggest players are centred in Europe.
Asia Pacific is the third largest Snus market region, due of the increased knowledge and use of smokeless tobacco products in countries across the region. Growing population, shifting customer preferences, and the availability of a diverse range of snus products all contribute to market expansion. Furthermore, the presence of important businesses and their efforts to develop their distribution networks in Asia Pacific have driven the region's demand for snus.
Furthermore, the rest of the worlds Snus Market is divided into the Middle East, Africa, and Latin America. The Middle East, Africa and Latin America are expected to be the fastest expanding regional markets, between 2022 and 2032. The region has the fewest tobacco-sales regulations. Snus is either outlawed or banned in any African country. More international and national groups are working to reduce the number of smokers in the region. As a result of their effectiveness in assisting people to quit smoking, these products are becoming increasingly popular in the region. Furthermore, because these products are competitively priced, they are becoming increasingly popular among purchasers.
Key Findings of the Study
- The global Snus Marketis expected to reach USD 4.7billion by 2032, at a CAGR of 4.80% during the forecast period.
- Asia Pacific is the third largest Snus market region, owing to increased understanding and use of smokeless tobacco products in nations around the region.
- The global Snus Market has been divided into flavours such as mint, whiskey, fruit, and others. Mint flavour led the sector in 2022, accounting for more over 38% of total sales. The availability of mint-flavored snus may encourage customers to utilize it since the aroma, flavour, pleasantness, and intensity are more enticing.
- Swedish Match AB; AG Snus; BAT; Altria Group, Inc.; Dacapo Silver AB; GN Tobacco Sweden AB; GorditoOü; Gotlandssnus; Nordic Snus AB; SkrufSnus and others.
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Companies Covered | 15 |
Pages | 128 |
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