5 Key Takeaways On Snus Market With Insights On Growth Factors, Trends And Forecast For 2017 – 2022
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The scope of Fact.MR’s report is to analyze the global snus market for the forecast period 2017-2022 and provide readers an unbiased and accurate analysis. Snus manufacturers, stakeholders, and suppliers in the global food & beverage sector can benefit from the analysis offered in this report. This report offers a comprehensive analysis, which can be of interest to leading trade magazines and journals pertaining to snus.
5 Forecast Highlights on Global Snus Market
1- Europe is expected to dominate the global snus market during 2017-2022. Europe snus market is projected to reach nearly US$ 600 million revenue by the end of 2022. Sweden represents the largest market for snus, followed by Denmark and Germany. Moreover, increasing number of people in Sweden consume snus. Hence, the snus market in Europe will witness significant growth.
2- North America is also expected to witness significant growth in the snus market. Owing to the less harmful effects than smoking, the consumption of snus is increasing in North America. Moreover, tobacco retailers in the North America have also started to stock Swedish snus, which was earlier available only through mail order in the region.
3- Original regular strength-large portion snus is expected to be the most preferred snus product. By the end of 2022, Original regular strength-large portion snus is projected to reach nearly US$ 600 million revenue.
4- Compared to various flavors of snus, original snus is expected to witness impressive growth. Accounting for nearly two-fifth of the market share by the end of 2017, original snus is projected to create an incremental opportunity of more than US$ 100 million between 2017 and 2022.
5- Snus packed in films and wraps is expected to witness significant growth during the forecast period. Films and wraps are projected to reach nearly US$ 500 million revenue by the end of 2022. Meanwhile, pouches are also expected to witness healthy growth during 2017-2022.
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Original Regular Strength-Large Portion Snus- Top-Selling Product
Compared to the various types of snus products available in the market, original regular strength-large portion snus is likely to emerge as one of the top-selling products. By 2022 end, original regular strength-large portion snus is estimated to surpass US$ 500 million revenue.
Original Snus to be the Highly Preferred Flavor
Original snus is likely to gain close to two-fifth of the share in terms of the revenue by 2017 end. Original snus is estimated to bring in nearly US$ 600 million revenue towards 2022 end. Although Fruit flavor snus is also likely to experience strong growth throughout the forecast period.
The report also profiles companies that are expected to remain active in the expansion of global snus market through 2022, which include British American Tobacco p.l.c, Altria Group, Inc., Imperial Brands PLC, GN Tobacco Sweden AB, Swedish Match AB (publ), Hay Island Holding Corporation, Manikchand Group, Gotlands Snus Ab, DS Group, and Japan Tobacco Inc.
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