Smokeless Products Market Analysis 2020: By Altria Group, Inc., British American Tobacco plc., DS Group, Swedish Match AB, Swisher International, Inc., Imperial Brands PLC, Turning Point Brands, Inc.

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.

Major players operating in the global smokeless products market include Altria Group, Inc., British American Tobacco plc., DS Group, Swedish Match AB, Swisher International, Inc., Imperial Brands PLC, Turning Point Brands, Inc., AG Snus, Japan Tobacco Inc., and Dholakia Tobacco Pvt. Ltd.

Download PDF Brochure @ https://www.coherentmarketinsights.com/insight/request-pdf/3485
---------------------------------------------------------
This report sample includes:
1. Brief Introduction to the research report.
2. Table of Contents (Scope covered as a part of the study)
Top players in the market
3. Research framework (presentation)
4. Research methodology adopted by Coherent Market Insights

Various social factors such as popularity among youth, religious opinions, and misconceptions about health benefits of using smokeless tobacco are affecting the global smokeless products market growth. For instance, according to an article published in the International Journal of High Risk Behaviors & Addiction, use of tobacco is forbidden in Islam. Religious opinions influence the use of tobacco across the globe, and especially in Middle-eastern countries such as Iran, Saudi Arabia, Oman, and UAE where smokeless tobacco consumption is low due to religious beliefs.

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).

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.

Buy Now this Premium Report to Grow your Business: https://www.coherentmarketinsights.com/insight/buy-now/3485

Players operating in the global smokeless products market are focused on adopting various growth strategies such as partnerships & collaborations, in order to strengthen their market presence. For instance, in 2015, Swisher International appointed Asia Marketing Services (AMS), a Taiwan-based company which is into marketing and promotion of imported tobacco products, as an independent sales representative for the domestic and duty free market in Asia.

Contact Us:

Mr. Shah, Coherent Market Insights
1001 4th Ave, #3200, Seattle, WA 98154, Tel: +1-206-701-6702
Email: sales@coherentmarketinsights.com
Visit This Blog For More Latest Reports: http://bit.ly/chemicalspot

About Coherent Market Insights:

Coherent Market Insights is a prominent market research and consulting firm offering action-ready syndicated research reports, custom market analysis, consulting services, and competitive analysis through various recommendations related to emerging market trends, technologies, and potential absolute dollar opportunity.

This release was published on openPR.