Smokeless Tobacco Market Is Likely to Experience a Tremendous Growth by 2029

Smokeless tobacco market is anticipated to grow at a significant CAGR of 4.9% during the forecast period. Smokeless tobaccos are lower at risk to health as compared with smoking tobaccos. Tobacco is a prime cause of potentially preventable global morbidity and mortality, leading to about 8 million deaths in a year, mainly due to lung and heart diseases. The increasing health awareness among the people and smoking ban are driving the smokeless tobacco market. Consumers are more concerned about their health due to which large number of people are shifting towards the smokeless tobaccos which is growing the market of smokeless tobacco products such as chewing tobacco, dissolvable tobacco, and others. In addition, the increased excise duty on smoking products such as cigarettes is the other prominent factor that has increased the adoption of alternatives such as smokeless tobacco products. For instance, the Australian government has increased the tax on tobacco by 12.5% annualy from 2017 to 2020. In addition, from 2020, 69% of the cost of an Australia pack of cigarettes will be tax, raising $4.7bn over the next four years as per the World Economic Forum. Moreover, Ireland and the United Kingdom levy the highest excise duties on cigarettes in the European Union (EU), at €8.00 ($8.95) and €6.83 ($7.64) per 20-cigarette pack, respectively.

During COVID-19 the smokers were at a high risk to get affected by COVID-19 because the virus was damaging the respiratory system and smokers lungs have more inflammation than a healthy lungs.. As per the published Chinese study analyzing 78 COVID-19 infected patients found that those with a history of smoking were 14 times more likely than nonsmokers to have progression to pneumonia-like symptoms.There was decreased in the consumption of smoke tobacco but during that period. The disruption in raw material supply chain due to restriction imposed by the government on mobility affected the production of smokless tabacco on large level. In Asia-Paciifc region, the market was badly impacted as China and India are the two major economies with high presence of smokers. 90% of smokeless tobacco chewers live in Asia, with China and India being significant consumers of smokeless tobacco, paan and areca nut.

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Market Coverage

Market number available for - 2021-2029
Base year- 2021
Forecast period- 2021-2029
Segment Covered- By Source, By Product Type, By Applications
Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
, and others
Market Segmentation

Smokeless Tobacco Market by Type

Chewing Tobacco
Dissolvable Tobacco
Others
Smokeless Tobacco Market by Form

Dry
Moist
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Regional Analysis

North America

· United States

· Canada

Europe

· UK

· Germany

· Spain

· France

· Italy

· Rest of Europe

Asia-Pacific

· India

· China

· Japan

· South Korea

· Rest of APAC

Rest of the World

Company Profiles

Altria Group, Inc.
British American Tobacco
Harsh International
Imperial Brands PLC
Swedish Match Group
Japan Tobacco Inc.
Mac Baren Tobacco Co.
Swisher International, Inc.,
Philip Morris Products S.A.
Dharampal Satyapal Ltd.
Tej Ram Dharam Paul Pvt. Ltd.
US Smokeless Tobacco Co., Inc.
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