Smokeless Tobacco Market 2020: Insights, Trends, Size, Status, Global Demand And Business Opportunities | Altria Group, Inc., British American Tobacco PLC, Imperial Brands PLC, Japan Tobacco, Inc., Swedish Match ABGlobal smokeless tobacco market is forecasted to reach USD XX million by 2024 growing at a CAGR of 4.7% during the forecast period (2019 - 2024).
The smokeless tobacco market majorly covers the products such as chewing tobacco, dipping tobacco, dissolvable tobacco, and snuff. By form, the market is segmented in to dry and moist. By route, the market is segmented in to oral and nasal. The study also offers market analysis at a global level.
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Market By Top Companies:
Altria Group, Inc., British American Tobacco PLC, Imperial Brands PLC, Japan Tobacco, Inc., Swedish Match AB, Swisher International Group, Inc, Harald Halberg Holding A/S, DS Group.
Industry Research Coverage
Growing Demand of Flavored and Innovative Smokeless Tobacco Products
The prevalence of smokeless tobacco (ST) was low relative to smoking, the distribution of ST was highly skewed with consumption concentrated among certain segments of the population (rural residents, males, whites, low-educated individuals). But now it is being adapted by new demographics. The growth in ST sales is due to the flavored products: sales of flavored moist snuff products increased around 70% from last few years and contributed to _60% of the growth in the moist snuff category overall. Flavored smokeless tobacco products are particularly popular among youth. For instance, in US, the prevalence of flavored smokeless tobacco use among past 30-day smokeless tobacco users was 64.7% among high school students and 36.1% among middle school students in USA.
Increasing Consumption of Dry Smokeless Tobacco to Drive Market Growth in Asia Pacific
The growth of market in the Asia-Pacific is anticipated to be driven by governments initiatives to reduce the cigarette consumption by increasing prices and imposing additional taxes on cigarette. For instance, impending tax increase in Japan and India affecting on traditional cigarettes sales which is creating big opportunity for the growth of smokeless tobacco products. In Asia-Pacific, India is one of the prominent destinations of the smokeless tobacco market. In India, smokeless tobacco in some forms are illegal but the consumption of smokeless tobacco in the rural area is high. China has been reported to be the highest producer of smokeless tobacco in the world and it will continue to dominate the market growth in the future.
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- APR 2019 - Daifuku announced that it has completed the acquisition of Vega Conveyors & Automation Private Limited, a prominent material handling vendor based in India. The acquisition is expected to strengthen the companys localization strategy and benefit from the growing demand for automation in the Asia-Pacific region.
Major points covered in this research are:-
─Smokeless Tobacco Market Overview, Segment by Type (Product Category), by Application, by Region (2020-2025), Competition by Manufacturers
─Global Market Size (Value) of Smokeless Tobacco (2020-2025)
─Global Smokeless Tobacco Capacity, Production, Revenue (Value), Supply (Production), Consumption, Export, Import by Region (2020-2025)
─Global Smokeless Tobacco Production, Revenue (Value), Price Trend by Type
─Global Smokeless Tobacco Market Analysis by Application
─Global Smokeless Tobacco Manufacturers Profiles/Analysis
─Smokeless Tobacco Manufacturing Cost Analysis
─Industrial Chain, Sourcing Strategy and Downstream Buyers
─Marketing Strategy Analysis, Distributors/Traders
─Market Effect Factors Analysis
─Global Smokeless Tobacco Market Forecast (2020-2025)
─Research Findings and Conclusion
Finally, this Smokeless Tobacco report covers the market scenario and its development prospects over the coming years. Report likewise manages the type analysis, contrasting it with the significant application, recent Smokeless Tobacco product development and gives an outline of the potential Global market.
Irfan Tamboli (Sales)
Phone: + 1704 266 3234
MarketInsightsReports provides syndicated market research on industry verticals including Healthcare, Information and Communication Technology (ICT), Technology and Media, Chemicals, Materials, Energy, Heavy Industry, etc. MarketInsightsReports provides global and regional market intelligence coverage, a 360-degree market view which includes statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.
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