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Smokeless Tobacco Market 2022|By Key Players, Application, Type, Share, and Forecast to 2028

05-05-2022 02:18 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Orion Market Reports

The global smokeless tobacco market is anticipated to grow at a CAGR of 4.0% during the forecast period (2022-2028).

Smokeless tobacco is a tobacco product that is used by means other than smoking. Its use involves chewing, sniffing, or placing the product between gum and the cheek or lip. Smokeless tobacco products are produced in various forms, such as chewing tobacco, snus, and dissolvable tobacco products. The market growth is majorly attributable to the new addition of added flavors such as apple, peach, honeydew, pineapple, strawberry, honeysuckle, prune, and champagne, which is likely to grow during the forecast period. However, as per the National Cancer Institute (NCI), at least 28 chemicals in smokeless tobacco have been found to cause cancer. Tobacco-specific nitrosamines is the most harmful chemicals found in smokeless tobacco. The level of tobacco-specific nitrosamines ranges based on the product. Scientists have found that the nitrosamine level is directly related to the risk of cancer.

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A full report of Global Smokeless Tobacco Market is available at: https://orionmarketreports.com/smokeless-tobacco-market/104986/

Further, owing to the governments' initiatives in various economies aimed at reducing the consumption of cigarette by increasing prices and imposing additional taxes on the cigarette has also drawn the consumer shift toward the consumption of smokeless tobacco. In this course of action, the governmental increase on the excise duty of various economies on cigarettes have also pushed the consumers to opt for substitutes such as smokeless tobacco products. This is also anticipated to spur the global smokeless tobacco market during the forecast period. Some key players operating in the market include Altria Group, Inc., Swisher International, Inc., and British American Tobacco plc, among others.

Market Coverage
• The market number available for - 2021-2028
• Base year- 2021
• Forecast period- 2022-2028
• Segment Covered-
o By Type
o By Distribution Channel

• Regions covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World

• Competitive Landscape: Altria Group, Inc., Swisher International, Inc., and British American Tobacco plc, among others.

Key questions addressed by the report

• What is the market growth rate?
• Which segment and region dominate the market in the base year?
• Which segment and region will project the fastest growth in the market?
• How COVID-19 impacted the market?
o Deviation from the pre-COVID-19 forecast
o Most affected region and segment
• Who is the leader in the market?
• How are players addressing challenges to sustain growth?
• Where is the investment opportunity?

Global Smokeless Tobacco Market Report by Segment

By Type
• Chewing Tobacco
• Dipping Tobacco
• Dissolvable Tobacco
• Others

By Distribution Channel
• Supermarkets/Hypermarkets
• Tobacco Stores
• Others

Media Contact:

Company Name: Orion Market Reports
Contact Person: Mr. Anurag Tiwari
Email: info@orionmarketreports.com
Contact no: +91 780-304-0404

About Us:

Orion Market Reports (OMR) endeavors to provide an exclusive blend of qualitative and quantitative market research reports to clients across the globe. Our organization helps both multinational and domestic enterprises to bolster their business by providing in-depth market insights and the most reliable future market trends. Our reports address all the major aspects of the markets providing insights and market outlook to global clients.

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