Smokeless Tobacco Market Analysis 2023 | Size, Share, Trends, Growth and Forecast 2028

Comments · 95 Views

The global smokeless tobacco market size reached US$ 19.12 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 24.78 Billion by 2028, exhibiting a growth rate (CAGR) of 4.60% during 2023-2028.

IMARC Group, a leading market research company, has recently releases report titled “Smokeless Tobacco Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.” The study provides a detailed analysis of the industry, including the global smokeless tobacco market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.

Report Highlights

How big is the smokeless tobacco market?

Report Attributes

Details

Market Size in 2022

US$ 19.12 Billion

Market Forecast in 2028

US$ 24.78 Billion

Growth rate (2023 to 2028)

CAGR of 4.60%

Base Year of the Analysis

2022

Forecast Period

2023-2028

What is smokeless tobacco?

Smokeless tobacco is a form of tobacco that can be consumed through chewing, swallowing, sucking, or inhaling instead of smoking. It comes in various types, such as a loose leaf, plug, twist, dry powder, and moist snuff, which can be stored in different packaging formats, including pouches, paper packets, and small cans. It is widely available in multiple flavors like cinnamon, berry, vanilla, and apple and can be compressed into tablets, sticks, or strips. Users can place it between their inner cheek and gums on the lower jaw to suck the tobacco juices, allowing the nicotine to enter the bloodstream through the gums without swallowing the tobacco. At present, smokeless tobacco is gaining immense traction across the globe as a safer alternative to smoking since it is pasteurized to reduce the number of bacteria that can produce cancer-causing chemicals.

Request for a free sample copy of this report: https://www.imarcgroup.com/smokeless-tobacco-market/requestsample

What are the growth prospects and trends in the smokeless tobacco?

The global smokeless tobacco market is primarily driven by the rising product demand among individuals due to its ease of use, affordability, pleasant flavor, and reduced health risks. Moreover, the easy availability of smokeless tobacco through online and offline distribution channels is positively influencing market growth. Additionally, key players are investing heavily in smoke-free varieties such as snuff and gutka and focusing on various marketing strategies to expand their customer base, which in turn have catalyzed the market growth.

Furthermore, the rising consumer preferences for flavored smokeless tobacco, such as peach, apple, honeydew, strawberry, pineapple, honeysuckle, champagne, and prune, is contributing to the market growth. Other factors, including the growing awareness about the harmful impacts of smoking cigarettes, increasing establishment of betel leaf shops and brick-and-mortar stores, and favorable government initiatives, are also anticipated to drive the market further.

What is included in market segmentation?

The report has segmented the market into the following categories:

Type Insights:

  • Chewing Tobacco
  • Dipping Tobacco
  • Dissolvable Tobacco
  • Snuff
  • Others

Form Insights:

  • Dry
  • Moist

Route Insights:

  • Oral
  • Nasal

Distribution Channel Insights:

  • Supermarkets and Hypermarkets
  • Tobacco Stores
  • Online Stores
  • Others

Breakup by Geography:

  • North America (United States, Canada)
  • Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
  • Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
  • Latin America (Brazil, Mexico, Others)
  • Middle East and Africa

Who are the key players operating in the industry?

The report covers the major market players including:

  • Altria Group Inc.
  • British American Tobacco plc
  • DS Group
  • Imperial Brands PLC
  • Japan Tobacco Inc.
  • Mac Baren Tobacco Company A/S
  • Swedish Match AB
  • Swisher

Ask Analyst for Customization and Browse full report with TOC List of Figure: https://www.imarcgroup.com/request?type=reportid=6887flag=C

If you require any specific information that is not covered currently within the scope of the report, we will provide the same as a part of the customization.

About Us

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC Group’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

Contact US

IMARC Group

134 N 4th St. Brooklyn, NY 11249, USA

USA: +1-631-791-1145 | Asia: +91-120-433-0800

Email: sales@imarcgroup.com

Follow us on Twitter: @imarcglobal

LinkedIn: https://www.linkedin.com/company/imarc-group/mycompany/

Read more
Comments