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Snus Market Set for Quick Growth And Trend, Share Size, Analysis, Forecast To 2020-2027 | Grand View Research, Inc.

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Snus Market Set for Quick Growth And Trend, Share Size, Analysis, Forecast To 2020-2027 | Grand View Research, Inc.

December 17
06:15 2021
Snus Market Set for Quick Growth And Trend, Share Size, Analysis, Forecast To 2020-2027 | Grand View Research, Inc.
“Grand View Research, Inc. – Market Research And Consulting.”
According to a new report published by Grand View Research, the growing popularity of snus owing to the convenience of the application it offers to its consumers is a key factor driving the market

The global snus market size is expected to reach USD 3.70 billion by 2027, according to a new report by Grand View Research, Inc., expanding at a CAGR of 5.5% over the forecast period. Increasing adoption of snus in order to promote less harmful tobacco products is a major factor promoting the market growth.

For instance, in March 2020, TOBACCO harm reduction advocates launched an Asia-wide education and information campaign and urged the World Health Organization (WHO) and the Department of Health (DOH) to promote the use of safer smoke-free alternatives. The Coalition of Asia Pacific Tobacco Harm Reduction Advocates (CAPHRA) aims to curb the smoking epidemic in Asia Pacific and inform smokers about the existence of safer alternatives, including snus.

Growing preference for products has stimulated manufacturers to launch new products. For instance, in July 2019, R.J. Reynolds Vapor Co. launched velo, a tobacco free snus product, which contains nicotine extracted from tobacco plants. The company expects that the product will attract a large set of consumers owing to the convenience, flavor, and enjoyable experience it offers. The product is a part of company’s “modern oral portfolio”.

Similarly, in April 2020, Swedish Match announced its expansion in seven additional U.S. markets with its General Swedish snus. The product is available at convenience stores and tobacco outlets across New York, Los Angeles, Minneapolis, Phoenix, Denver, Nashville, and Ohio. The product is available in two flavors, including Nordic Mint and Classic Blend. These markets experience serious smoking restrictions, and thus is expected to open new avenues for snus products. The product is expected to fulfil consumers’ demand for discrete, satisfying alternatives to traditional smokeless tobacco and cigarettes. Furthermore, in May 2018, NZ Smokeless Tobacco Co. launched NZ SNUS. The company sells the products through its online platform.

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Snus Market Report Highlights

• Based on product, the portion segment was valued at USD 2.04 billion in 2019. The new generation product has gained popularity owing to the ease of use it offers to its consumers in contrast to the loose snus as well as other tobacco products

• Europe dominated the market and accounted for more than 40% share of the global revenue in 2019. This is attributed to strong popularity of snus among the consumers of Scandinavian countries including Sweden and Norway

• Middle East and Africa is expected to be the fastest growing market in the years to come owing to improvement in economic indicators in African countries, including Nigeria, Kenya, and Ethiopia.

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Snus Market Segmentation

Grand View Research has segmented the global snus market on the basis of product and region:    

Snus Product Outlook (Revenue, USD Million, 2016 – 2027)          

    • Loose                                                 

    • Portion

    • Original

    • White      

    • Others     

Snus Regional Outlook (Revenue, USD Million, 2016 – 2027)

    • North America       

        • U.S.

    • Europe

        • Sweden

        • Russia

        • Norway

    • Asia Pacific

        • Indonesia

        • India

        • Bangladesh

    • Central & South America

    • Middle East & Africa

List of Key Players of Snus Market:                                                        

    • Swedish Match AB

    • British American Tobacco

    • Altria Group, Inc.

    • AG Snus

    • Burger Söhne Sweden AB

    • Dacapo Silver AB

    • Fiedler & Lundgren

    • GN Tobacco

    • Gordito Oü

    • Gotlandssnus

    • Nordic Snus AB

    • Skruf Snus     

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About Grand View Research

Grand View Research is a market research and consulting company registered in the State of California having its headquarters in San Francisco. The company offers syndicated research reports, customized research reports, and consulting services. With Grand View Research, you get an opportunity to understand market trends, insights, and business statistics from a strategic standpoint. With a deep-seated understanding of many business environments, Grand View Research offers business and market intelligence studies and accomplishes more than 300 multi-country market studies.

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Company Name: Grand View Research, Inc.
Contact Person: Sherry James, Corporate Sales Specialist – U.S.A.
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Phone: 1888202951
Address:Grand View Research, Inc. 201 Spear Street 1100 San Francisco, CA 94105, United States
City: San Francisco
State: California
Country: United States

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