Market Overview
The Smokeless Tobacco Market is projected to hit USD 28.98 Billion by the end of 2030 at a CAGR of 4.67% during the forecast period of 2022- 2030.
Smokeless tobacco, also known as chewing tobacco, is a form of tobacco consumed without being burned. It is a type of tobacco product that is not smoked but is instead placed in the mouth and chewed. Smokeless tobacco products come in a variety of forms, including snuff, chewing tobacco, and dipping tobacco.
The smokeless tobacco market size has grown significantly in recent years, driven by the evolving consumer preferences, rising health awareness, and changing lifestyle habits. This has led to an increased demand for smokeless tobacco products. The global smokeless tobacco market is expected to grow at a CAGR of 4.67% during 2022-2030.
The market is primarily driven by the rising popularity of smokeless tobacco products among young adults, increasing health awareness, and changing lifestyle habits. Additionally, the increasing availability of smokeless tobacco products in convenience stores, supermarkets, and online stores has also contributed to the growth of the market.
The major players in the smokeless tobacco market are Philip Morris International, British American Tobacco, Imperial Tobacco Group, Swedish Match, and ITG Brands. Other prominent players in the market include Scandanavian Tobacco Group, Red Man, and National Tobacco Company.
Regional Analysis
The growth of the market in the Asia- Pacific is anticipated to be driven by the government’s enterprise to reduce cigarette consumption by adding prices and imposing additional levies on cigarettes. For instance, the impending duty increase in Japan and India affects traditional cigarette deals, 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 Overview request. 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.
North America accounted for the maximum profit share of 47.9% in 2021 owing to the social media presence of major players used for selling- cigarettes and vaping products analogous as JUUL Labs Inc. With youthful people increasingly turning to smokeless cigarettes as a safer alternative to tobacco, the product is expected to gain popularity in the region. Still, the current ban on some e- cigarette flavors via various distribution channels, in the U.S. is anticipated to stifle market growth to some extent. For case, in September 2020, U.S. Food and Drug Administration announced a ban on the trade of flavored vapes on online platforms.
Japan Tobacco Inc. Announced its cooperation with Sauber Engineering AG, a prototype and technology innovator. Through this cooperation, the companies would continue to unite on enhancing the user experience of JTI's vaping products.
Market segmentation
Product Outlook
Non-electric
Electric
Distribution channel Outlook
Offline
Online
Regional Outlook
North America
Canada
Europe
Germany
France
Asia Pacific
China
New Zealand
Philippines
Central & South America
Middle East & Africa
UAE
South Africa
Key Players
Key smokeless tobacco market Players JUUL Labs Inc; British American Tobacco Plc; RELX Technology Co Ltd; Imperial Brands Plc; Japan Tobacco Inc; Shenzhen Joye, Technology Co Ltd; Shenzhen IVPS, Technology Co Ltd; Shenzhen Kanger, Technology Co Ltd; Shenzhen Eigate, Technology Co Ltd; Flavourart Srl, RELX, a premium vape brand was launched in Saudi Arabia.
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