The Snus Market is being driven by Availability of flavored snus
The Snus Market is expected to grow at a CAGR of 10.7% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 1196.8 million. The global tobacco landscape is undergoing a substantial transformation, with a discernible trend towards the decline of cigarette consumption. Factors such as smoking bans, escalating health concerns, and stringent regulatory measures against cigarettes are driving this shift. In response, various smokeless tobacco products have emerged as viable alternatives, with snus, moist snuff, e-cigarettes, vapes, heat-not-burn tobacco products, and non-pharmaceutical nicotine-delivery systems gaining significant importance. In Sweden, the past five years have seen a marked decline in cigarette use, as consumers increasingly turn to snus products. Conversely, in Japan, e-cigarettes and vapes have experienced remarkable popularity in recent years. This global trend underscores the evolving preferences of health-conscious consumers and the adaptability of the tobacco industry to meet their demands.
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The market is segmented based on
According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows:
However, the market also witnesses some limitations, which are as follows:
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Market Scope |
|
Report Coverage |
Details |
Page number |
197 |
Base year |
2024 |
Historic period |
2019-2023 |
Forecast period |
2025-2029 |
Growth momentum & CAGR |
Accelerate at a CAGR of 10.7% |
Market growth 2025-2029 |
USD 1196.8 million |
Market structure |
market_structure.ucfirst |
YoY growth 2024-2025(%) |
10.0 |
Key countries |
Sweden, US, Norway, Poland, Spain, Denmark, Canada, Germany, China, and Finland |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
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The Snus market encompasses various tobacco products, including those linked to noncommunicable diseases such as Cancer, Cardiovascular diseases, Diabetes, and Lung diseases. Smokeless alternatives like Chewing tobacco, available in forms like Loose Snus and Portion Snus, are gaining popularity among young millennials. Flavors like menthol, licorice, and fruit are common. Retailers, including Tobacco Stores, Convenience Stores, and Online Retail Stores, sell these products. However, concerns over health risks, including bacteria and mold growth, longer shelf life due to taxes, and competition with Cigarettes, particularly Pouches and Pocket-sized Cigarettes, persist. Smokeless tobacco products, marketed as a healthier alternative to Cigarettes, have been linked to pancreatic cancers and other diseases.
The global tobacco market encompasses businesses involved in the research and development or production of both combustible and non-combustible tobacco products. This market category includes cigarettes, cigars, and cigarillos, as well as dissolvable tobacco, oral tobacco, E-cigarettes, legal cannabis, and industrial hemp-based products. According to Technavio, the food and beverage and tobacco industry market size is determined by the collective revenue generated by manufacturers in these sectors. Factors driving growth in the tobacco market include a growing consumer base due to a global population increase of approximately 1%, as well as the rising prevalence of non-communicable diseases such as cancer, cardiovascular diseases, diabetes, and lung diseases, leading to increased demand for alternative tobacco products like snus, which come in various flavors such as menthol, licorice, and vanilla, as public awareness campaigns continue to promote the health risks associated with smoking and chewing tobacco.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.
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