|Study Period:||2016 -2027|
|Fastest Growing Market:||South East Asia|
Need a report that reflects how COVID-19 has impacted this market and its growth?
The smokeless tobacco market is projected to record a CAGR of 4.9 % during the forecast period (2022-2027).
All COVID-19 studies to date have found that the worst affected cohort had at least one of the comorbid conditions associated with tobacco usage. Further, because of lax laws and enforcement, as well as a lack of infrastructure, "spitting" is most commonly done in open public places, putting the rest of the community at risk of a variety of communicable diseases, including COVID. This isn't just a problem in low- and middle-income countries. Hence, due to these factors, there was a reduction in the smokeless tobacco sale by about 4% during 2019-2020.
The smokeless tobacco market is anticipated to grow due to growing smoking bans and awareness associated with cigarette consumption. The product choices are expected to evolve based on ease of use, cost, and regulatory sights. Government authorities in various countries have increased the excise duty on cigarettes. Consumers are inclined to opt for alternatives such as smokeless tobacco products as they cannot afford to buy cigarettes on a regular basis.
Convenience in consuming tobacco chewing bags is one of the major reasons consumers prefer smokeless tobacco products over cigarettes.
Scope of the Report
A type of tobacco that is not smoked or burned is known as smokeless tobacco. It covers products such as chewing tobacco, dipping tobacco, dissolvable tobacco, snuff, and others. By form, the market is segmented into dry and moist. By distribution channel, the market is segmented into supermarket/hypermarkets, tobacco stores, and others. Also, the study provides an analysis of the smokeless tobacco market in the emerging and established markets across the globe, including North America, Europe, Asia-Pacific, South America, and Middle-East and Africa. The report offers market size and forecasts in value (USD million) for the above segments.
|By Distribution Channel|
Key Market Trends
Increasing Demand For Flavored And Innovative Smokeless Tobacco Products
Although the prevalence of smokeless tobacco, such as chewing tobacco, snuff, snus, and dissolved tobacco, is low relative to regular smoking, the market is expected to witness considerable growth over the years due to the benefits it possesses, such as added flavor like peach, apple, honeydew, strawberry, pineapple, honeysuckle, champagne, and prune. The distribution of smokeless tobacco was highly skewed, with consumption concentrated among certain segments of the population (rural residents, males, whites, and low-educated individuals). Recently, it has been adopted by the new demographics, including the young and high-income groups.
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Increasing Consumption of Dry Smokeless Tobacco in Asia-Pacific
The growth of the market in the Asia-Pacific is anticipated to be driven by the government’s initiatives to reduce cigarette consumption by increasing prices and imposing additional taxes on the cigarette. For instance, the impending tax increase in Japan and India affects traditional cigarette sales, creating a 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 is illegal, but the consumption of smokeless tobacco in rural areas is high. China has been reported to be the highest producer of smokeless tobacco globally and will continue to dominate the market growth in the future.
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The smokeless tobacco market is fragmented. Leading key players in the smokeless tobacco products market are focusing on increasing their consumer base by leveraging opportunities posed by emerging markets of South East Asia to expand their revenue base. New product offerings both in moist and dry smokeless tobacco and the acquisition of small players are expected to change the market dynamics during the cast period. Some of the prominent players in the smokeless tobacco company include Altaris Group, Inc., British American Tobacco PLC, Swedish Match AB, Japan Tobacco Inc., and Imperial Brand PLC, among others.
In 2021, Phillip Morris International Inc., which is a tobacco company, acquired the Danish-based snus manufacturer AG Snus Aktieselskab and its range of snus brands.
In 2021, United States Smokeless Tobacco Company LLC launched four new smokeless tobacco products- Verve Discs Blue Mint, Verve Discs Green Mint, Verve Chews Blue Mint, and Verve Chews green mint.
In 2021, Scandinavian Group AS acquired a majority stake in Moderno Opificio del Sigaro Italiano which has production facilities in Orsago in the Northern part of Italy.
Table of Contents
1.1 Study Assumptions and Market Definition
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Market Drivers
4.2 Market Restraints
4.3 Porter's Five Forces Analysis
4.3.1 Threat of New Entrants
4.3.2 Bargaining Power of Buyers/Consumers
4.3.3 Bargaining Power of Suppliers
4.3.4 Threat of Substitute Products
4.3.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION
5.1 By Type
5.1.1 Chewing Tobacco
5.1.2 Dipping Tobacco
5.1.3 Dissolvable Tobacco
5.2 By Form
5.3 By Distribution Channel
5.3.2 Tobacco Stores
5.4.1 North America
22.214.171.124 United States
126.96.36.199 Rest of North America
188.8.131.52 United Kingdom
184.108.40.206 Rest of Europe
220.127.116.11 Rest of Asia-Pacific
5.4.4 South America
18.104.22.168 Rest of South America
5.4.5 Middle-East and Africa
22.214.171.124 South Africa
126.96.36.199 Saudi Arabia
188.8.131.52 Rest of Middle-East and Africa
6. COMPETITIVE LANDSCAPE
*List Not Exhaustive
6.1 Most Active Companies
6.2 Most Adopted Strategies
6.3 Market Share Analysis
6.4 Company Profiles
6.4.1 Altria Group, Inc.
6.4.2 British American Tobacco PLC
6.4.3 Imperial Brands PLC
6.4.4 Japan Tobacco Inc.
6.4.5 Swedish Match AB
6.4.6 Swisher International Group Inc.
6.4.7 Harald Halberg Holding AS
6.4.8 Scandinavian Tobacco Group AS
6.4.9 U.S. Smokeless Tobacco Company LLC
6.4.10 DS Group
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
8. IMPACT OF COVID-19 ON THE MARKET
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Frequently Asked Questions
What is the study period of this market?
The Smokeless Tobacco Market market is studied from 2016 - 2027.
What is the growth rate of Smokeless Tobacco Market?
The Smokeless Tobacco Market is growing at a CAGR of 4.9% over the next 5 years.
Which region has highest growth rate in Smokeless Tobacco Market?
South East Asia is growing at the highest CAGR over 2021- 2026.
Which region has largest share in Smokeless Tobacco Market?
Asia holds highest share in 2021.
Who are the key players in Smokeless Tobacco Market?
Altria Group, Inc., British American Tobacco plc, Swedish Match AB, Japan Tobacco Inc., Imperial Brand PLC are the major companies operating in Smokeless Tobacco Market.