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Snus Market Report, Size, Share, Growth, Trends, Competitive Landscape And Forecast To 2033
Snus Market Report
As per the report, the snus market size has grown strongly in recent years. It will grow from $2.80 billion in 2023 to $2.95 billion in 2024 at a compound annual growth rate (CAGR) of 5.1%. The snus market size is expected to see strong growth in the next few years. It will grow to $3.66 billion in 2028 at a compound annual growth rate (CAGR) of 5.5%.
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What Is Driving The Growth Of The Global Snus Market?
Surging Demand For Smokeless Tobacco Fueling The Growth Of The Snus Market
The increasing demand for smokeless tobacco is expected to propel the growth of the snus market going forward. Smokeless tobacco refers to tobacco products that deliver nicotine and other chemicals to the user without burning, avoiding inhalation of smoke. The demand for smokeless tobacco is due to stricter smoking bans, a perception of being a healthier alternative to smoking, effective marketing strategies, continuous product innovations, and cultural acceptance in certain regions. Snus is used in smokeless tobacco by placing it between the upper gum and lip, where it releases nicotine and flavor directly into the bloodstream through the oral mucosa, providing a nicotine experience without the need for smoking or chewing.
What Is The Key Trend In The Global Snus Market?
Innovative Natural Hemp Pouches Driving Snus Market Growth
Major companies operating in the snus market focus on developing innovative products, such as natural hemp pouches, to cater to evolving consumer preferences and expand their market reach. Natural hemp pouches refer to pouches used in products like snus that are made from hemp fibers or materials derived from the hemp plant. These pouches are designed to hold tobacco or nicotine-containing substances and are often marketed as eco-friendly alternatives to traditional materials.
How Is The Global Snus Market Segmented?
The snus market covered in this report is segmented -
1) By Product: Loose, Portion
2) By Flavor: Mint, Whiskey, Fruit, Other Flavors
3) By Packaging: Films and Wraps, Cans, Pouches, Other Packagings
4) By Channel: Specialty Stores, Online Retail, Modern Trade, Other Channels
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How Is The Competitive Landscape Of The Global Snus Market?
Major companies operating in the snus market are Swedsnus AB, British American Tobacco PLC, Philip Morris, Altria Group Inc., Skruf AB, Imperial Brands, KT&G Corporation, Swedish Match AB, SPT Group, V2 Tobacco, Rocker Production, The Mac Baren Tobacco Company, GN Tobacco Sweden AB, JT International AG, Dholakia Tobacco Pvt. Ltd, Burger Söhne Holding AG, Fiedler & Lundgren AB, Oliver Twist, Habit Factory, Fiedler & Lundgren
Contents Of The Global Snus Market
1. Executive Summary
2. Snus Market Report Structure
3. Snus Market Trends And Strategies
4. Snus Market - Macro Economic Scenario
5. Snus Market Size And Growth
…..
27. Snus Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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