The Smokeless Tobacco Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Smokeless Tobacco Global Market Report 2024, The smokeless tobacco market size has grown steadily in recent years. It will grow from $17.89 billion in 2023 to $18.75 billion in 2024 at a compound annual growth rate (CAGR) of 4.8%. The growth in the historic period can be attributed to cultural and traditional use, health perceptions, the regulatory environment, smokeless tobacco advocacy, and easier access to smokeless tobacco products.
The smokeless tobacco market size is expected to see steady growth in the next few years. It will grow to $22.70 billion in 2028 at a compound annual growth rate (CAGR) of 4.9%. The growth in the forecast period can be attributed to the rise of online sales channels, ongoing research and public health campaigns, increased demand for nicotine pouches, increased regulation and taxation, and increasing consumer preferences. Major trends in the forecast period include expansion in emerging markets, product innovation and diversification, regulatory challenges and restrictions, marketing and promotional strategies, and demographic shifts and consumer preferences.
The government’s increasing strict enforcement of no-smoking norms is expected to propel the growth of the smokeless tobacco market going forward. Governments are increasingly enforcing no-smoking norms to protect public health and reduce healthcare costs associated with smoking-related illnesses. The government’s strict no-smoking norms encourage the adoption of smokeless tobacco as smokers seek alternative nicotine sources in environments where smoking is prohibited, driving demand for smokeless products. Additionally, these regulations raise awareness of smoking-related health risks, prompting some individuals to switch to perceived safer alternatives. For instance, in September 2023, according to a report by the Office for National Statistics, a UK-based national public health agency, the UK government’s tobacco control plan aims to lower smoking rates among adults in England to 12% or less by the end of 2022. In 2022, England had the lowest smoking rate in the UK at 12.7%, equating to about 5.3 million smokers, down from 13.0% in 2021, which represented roughly 5.4 million smokers. Therefore, the government’s increasing strict enforcement of no-smoking norms is driving the growth of the smokeless tobacco market.
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The smokeless tobacco market covered in this report is segmented –
1) By Type: Chewing Tobacco, Dipping Tobacco, Dissolvable Tobacco, Snuff, Other Types
2) By Form: Moist, Dry
3) By Route: Oral, Nasal
4) By Distribution Channel: Convenience Or Traditional Grocers, Super markets Or Hyper markets, Online Retail Stores, Other Distribution Channels
Major companies in the smokeless tobacco market are increasingly focusing on developing innovative smoke-free products to meet growing consumer demand and comply with stringent no-smoking regulations. Smoke-free products refer to tobacco products that do not involve combustion and thus do not produce smoke when used. These products are designed to reduce the health risks associated with traditional smoking while offering a similar experience in terms of nicotine delivery. For instance, in October 2023, Swedish Match, a Sweden-based manufacturer of tobacco products, launched General Negroni White Portion and General Negroni Original Portion. Both products feature a light, spicy, and slightly bitter tobacco character infused with flavors of juniper, cherry, orange, grapefruit, and wormwood, inspired by the classic Negroni cocktail. The portions are classified as large, with both variants containing a normal level of nicotine. The primary difference lies in their moisture content; the General Negroni White Portion is drier, while the General Negroni Original Portion is moister. Both types promise a quick and lasting flavor release.
The smokeless tobacco market report table of contents includes:
1. Executive Summary
2. Smokeless Tobacco Characteristics
3. Smokeless Tobacco Trends And Strategies
4. Smokeless Tobacco – Macro Economic Scenario
5. Global Smokeless Tobacco Size and Growth
…..
32. Global Smokeless Tobacco Competitive Benchmarking
33. Global Smokeless Tobacco Competitive Dashboard
34. Key Mergers And Acquisitions In The Smokeless Tobacco
35. Smokeless Tobacco Future Outlook and Potential Analysis
36. Appendix
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