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SMOKELESS PRODUCTS MARKET ANALYSIS

Smokeless Products Market, by Product Type (Snus, Moist Snuff, and Chewing Tobacco), by Distribution Channel (Hypermarket & Supermarket, Convenience Stores, Online Stores, and Others), and by Region (North America, Latin America, Asia Pacific, Europe, Middle East, and Africa) - Size, Share, Outlook, and Opportunity Analysis, 2019 - 2027

  • Published In : Feb 2020
  • Code : CMI3485
  • Pages :180
  • Formats :
      Excel and PDF
  • Industry : Consumer Goods

Smokeless Products MarketSize and Trends

Smokeless Products Market – Insights

Moist snuff is finely grated dry tobacco mixed with flavors, salts, water, and humidifying agents, and offered in loose form or pouches. American moist snuff is usually fermented and kept for maturation at room temperature. Snus is moist snuff produced in Sweden consisting of air-dried ground tobacco along with flavoring, water, salt, and taste additives which are then pasteurized by heating and kept cool to avoid ageing. Furthermore, owing to rising awareness regarding life threatening effects of tobacco such as cancer, consumers are preferring tobacco-free smokeless products such as tobacco-free nicotine pouches and tobacco-free and nicotine-free pouches. Key players operating in the smokeless products market are focused on offering tobacco-free products in various flavors to expand their consumer base. For instance, Swedish Match North Europe AB offers ZYN tobacco-free nicotine white pouches in various flavors including mint, lemon, orange, and espressino among others. British American Tobacco UK Limited offers tobacco-free nicotine pouches under the name ‘LYFT’ in various flavors such as mint and berry. Moreover, Helix Innovations LLC offers it under the brand name ON! with 7 different flavors including berry, citrus, original, coffee, cinnamon, mint and wintergreen. Rogue Holdings, LLC offers tobacco-free and sugar free nicotine products in flavors such as mango, peppermint and honey lemon. The market is expected to reach US$ 13,294.6 million by the end of 2027, exhibiting a CAGR of 3.0% over the forecast period.

The global smokeless products market was valued at US$ 10,228.4 million in 2018 and is expected to exhibit a CAGR of 3.0% in terms of revenue, over the forecast period (2019-2027).

Figure 1. Global Smokeless Products Market Share (%), By Region, 2018

Source: Coherent Market Insights, 2018

North America accounted for the largest market share of around 42% in 2018 owing to increasing sale of smokeless products in the region. For instance, according to Centers for Disease Control and Prevention, U.S., the total amount of smokeless tobacco products sold in the U.S. was 127.81 million pounds in 2014 which increased to 129.36 million pounds in 2015. According to the same source, three companies – British American Tobacco, Swedish Match, and Altria Group Inc. accounted for around 98% of the U.S. smokeless tobacco market with combined sales revenue of more than US$ 6 billion.

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