Snus Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

MARKET INTRODUCTION

Snus is a moist product made from tobacco. It contains a high amount of nicotine as compared to cigarettes, is highly addictive, and serves as a smokeless product. Unlike cigarettes, snus provides the ease of smoking anywhere. Smoking cigarettes in public is banned or is a punishable offense in many countries because of the harmful effects of combustion. On the contrary, snus can be smoked anywhere as it is smoke-free, which surges the demand for snus products.

MARKET DYNAMICS

Increase in snus consumption as an alternative for cigarettes and the rise in popularity of smokeless tobacco products around the globe play a significant role in driving the growth of the snus market. In addition, increase in consumer awareness of the utilization of snus is expected to foster the market growth of snus globally. Key players are heavily investing within the snus market to lift awareness regarding their product, focusing on producing products having less harmful properties for the health and could be a better alternative to cigarettes. Smokeless tobacco consumption has increased considerably and is estimated to fuel the snus market growth within the coming years.

MARKET SCOPE

The "Global Snus Market Analysis to 2031" is a specialized and in-depth study of the consumer goods industry with a particular focus on the global market trend analysis. The report aims to provide an overview of the snus market with detailed market segmentation by product and distribution channel. The global snus market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading snus market players and offers key trends and opportunities in the market.

MARKET SEGMENTATION

The snus market is segmented into product and distribution channel. By product, the snus market is bifurcated into loose and portioned sachets. By distribution channel, the snus market is bifurcated into supermarkets & hypermarkets, specialty stores, online retail, and others.

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry, including both qualitative and quantitative information. It provides an overview and forecast of the snus market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 concerning five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA), and South America. The snus market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally, along with the current trend and opportunities prevailing in the region.

The report analyzes factors affecting the snus market from both demand and supply side. Further, it evaluates market dynamics affecting the market during the forecast period, i.e., drivers, restraints, opportunities, and future trends. The report also provides exhaustive PEST analysis for all five regions, namely; North America, Europe, APAC, MEA, and South America, after evaluating political, economic, social, and technological factors affecting the snus market in these regions.

MARKET PLAYERS

The report covers vital developments in the snus market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals, and others, such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions and partnerships & collaborations. These activities have paved the way for the expansion of business and customer base of market players. The market players from the snus market are anticipated to lucrative growth opportunities in the future with the rising demand for snus in the global market. Below mentioned is the list of few companies engaged in the snus market.

The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the snus market. Besides, the report focuses on leading industry players with information such as company profiles, products, and services offered, financial information of the last three years, the critical development in the past five years.

•  Swedish Match
  
•  British American Tobacco
  
•  KAPTEN Snus
  
•  Altria Group Inc.
  
•  Dacapo Silver AB
  
•  Fiedler & Lundgren
  
•  GN Tobacco Sweden AB
  
•  Skruf Snus
  
•  Nordic Snus AB
  
•  Gotlands Snus AB
  

The Insight Partner's dedicated research and analysis team consists of experienced professionals with advanced statistical expertise and offers various customization options in the current study.

Snus Report Scope