Smokeless Tobacco Market Research Report – Forecast to 2030

Smokeless Tobacco Market Research Report: Information By Type (Chewing Tobacco, Dipping Tobacco and Dissolvable Tobacco), By Form (Moist and Dry), By Route (Oral and Nasal) – Forecast till 2030

ID: MRFR/CR/4503-CR | February 2021 | Region: Global | 100 Pages         

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Smokeless Tobacco Market

Smokeless tobacco market size 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.

Segmentation
By Type Chewing Tobacco Dipping Tobacco Dissolvable Tobacco
By Form Moist Dry
By Route Oral Nasal
By Region North America Europe Asia-Pacific Rest Of The World
Key Players
Companies Profiled   Altria Group Inc. (U.S.)    British American Tobacco PLC (U.K)    Imperial Brands PLC (U.K)    Japan Tobacco Inc. (Japan)    Swedish Match AB (Sweden)    Swisher International Group Inc. (U.S.)    MacBaren Tobacco Company A/S (Denmark)    Dharampal Satyapal Limited (India)
Drivers
Market Driving Forces   Easy Availability    Considered Less Harmful Than Cigarettes
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Market Overview


Smokeless tobacco market size is expected to increase by USD 28.98 million from 2022 to 2030, and the market's growth momentum will accelerate at a CAGR of 4.67%. A type of Tobacco that is not burned or smoked and is used as moist snuff or chewing tobacco or inhaled as dry snuff through smoke is termed as smokeless tobacco or cigarette.


COVID-19 Analysis


COVID 19 virus is observed to have a detrimental impact on the respiratory system. Smokers are likely to be at a high risk to be afflicted by SARS-COV-2. The impact study of the pandemic on the smokeless tobacco market is studied in detail and insights are recorded in the report.


Market Dynamics


Drivers


Banning Smoking Cigarettes to Pave Way for Market Expansion


The growing awareness about less harmful effects of smokeless tobaccos can support expansion of the market. The easy availability of these type of cigarettes is likely to add to the market upsurge. Escalation in banning of smoking cigarette and strict enforcement of no smoking norms by governments can contribute to the rise of the smokeless tobacco market.Β 


Opportunities


Growing Demand for Nicotine Free Cigarettes to Increase Growth Opportunities


The surge in preference of nicotine free smokeless tobaccos products and increase in consumption of chew bags filled with smokeless tobacco can generate multiple scope of expansion for the market.


Restraints


Stringent Regulatory Framework to Hinder Market Growth


Issues with the approval of innovation by regulatory bodies and strict regulatory framework can hinder the market growth. In addition, increase in measures taken to prevent illegal trading of tobacco can pose challenge to the market expansion. The implementation in restriction of marketing of new products is expected to impede the market rise.


Segment Overview

By Type


The chewing tobacco segment can generate revenue of about USD 28.98 Billion by 2030. The segment can thrive at a 4.67% CAGR through the study tenure. The increase in demand for loose leaf, chew bags, and plug, twist can add to the expansion of the segment. The high convenience of consumption offered by chewing bags can gain high taction for different solutions that are available in the market, which can cause the smokeless tobacco market to expand. The increase in consumption of snus, moist snuff, and dry snuff can also favor market of the dipping tobacco segment.


By Form


The dry segment is likely to stay ahead of the growth curve along the analysis period 2022-2030. The segment is expected to thrive at 4.67% CAGR during the analysis period. The rise in consumption of dry tobacco and their growing preference among millennials can support the market growth in the analysis period.


By Route


The oral segment can acquire considerable revenue by 2030. The segment can likely to register a 4.67% CAGR through the review period. Oral is the usually preferred route of consumption of smokeless tobacco, thus increase in sales of oral tobacco consumption is expected to cause the market expansion at high excellent growth pace.


Regional Analysis

APAC Smokeless Tobacco Market Revenue to Increase


Asia Pacific smokeless tobacco market can retain its forefront position in global market through the review period. In Asia Pacific, the smokeless tobacco market size can touch 4.55% CAGR. The increase in consumption of smokeless tobacco can cause the regional market to thrive along the study period 2022-2030. India is likely to hold about 71.6% share of the regional market by 2030 and can rise at 4.75% CAGR.


US Smokeless Tobacco Market Size to Surge


Initiatives launched by government to curb the consumption of cigarette by hiking prices and imposing extra taxes on cigarette can impact the sales of traditional cigarette. This is expected to creating excellent opportunity for the smokeless tobacco products market in North America, thus, the regional market size can surge. The region is known to host different well-established tobacco companies that are responsible to earn decent revenue for the market in North America.


Competitive Landscape


MRFR listed some of the well-established companies that are operating in the smokeless tobacco market. The competitive intelligence of the smokeless tobacco market discusses product benchmarking, financial analysis, and market share analysis. In addition, strategic and critical developments of the market are detailed, along with mergers & acquisitions, product launches, and joint ventures among others. Growth opportunities and contribution of key players to the regional rise of the market are elaborated in the report.


List of Key Companies Covered in this Report



  • Altria Group, Inc. (U.S.)

  • British American Tobacco PLC (U.K)

  • Imperial Brands PLC (U.K)

  • Japan Tobacco, Inc. (Japan)

  • Swedish Match AB (Sweden)

  • Swisher International Group, Inc. (U.S.)

  • MacBaren Tobacco Company A/S (Denmark)

  • Dharampal Satyapal Limited (India)


Recent Developments



  • January 2022- Philip Morris International Inc., an American MNC tobacco and cigarette production company, invested considerably to improve their product portfolio through the introduction of e-cigarettes, and nicotine pouches among others.

  • January 2022- Food and Drug Administration finalized guidelines the authorization of new tobacco products.

  • January 2022-Turning Point Brands Inc., other tobacco products (OTP) provider in the US, witnessed jump in its market share.


Report Overview

Market estimates, sizing, and analysis for the smokeless tobacco market is covered in detail using market segment. The regional trends of the market and technological development of several companies in the region is studied in the report. Detailed tobacco industry analysis and activities of several chewing tobacco companies in the market are studied by MRFR to understand brand performance and market statistics are also offered in the report. Smokeless tobacco market report fully-cooked report published by MRFR on dynamics intelligence that details opportunities, trends, market drivers, restraints, supply chain, value chain analysis, and Porter’s five forces. Technology trends, regulatory landscape, and patent analysis outlook are other topics that are discussed in the report. MRFR plans and conducts several meeting with different industry experts, along with industrial visits to garner requisite information to offer in-depth knowledge to investors.


By Type


Chewing Tobacco



  • loose leaf

  • plug

  • twist

  • chew bags

  • others


Dipping Tobacco



  • moist snuff

  • dry snuff


Dissolvable Tobacco


By Form



  • Moist

  • Dry


By Route



  • Oral

  • Nasal



Report Scope:

Report Attribute/Metric Details
  Market Size   USD 28.98 Billion
  CAGR   4.67%
  Base Year   2021
  Forecast Period   2022-2030
  Historical Data   2020
  Forecast Units   Value (USD Billion)
  Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
  Segments Covered   By Type, Form, Route, and Region
  Geographies Covered   North America, Europe, Asia-Pacific, and Rest of the World (RoW)
  Key Vendors   Altria Group Inc. (U.S.), British American Tobacco PLC (U.K), Imperial Brands PLC (U.K), Japan Tobacco Inc. (Japan), Swedish Match AB (Sweden), Swisher International Group Inc. (U.S.), MacBaren Tobacco Company A/S (Denmark), and Dharampal Satyapal Limited (India)
  Key Market Opportunities   Rising Demand For Nicotine Free Smokeless Tobacco Products, Escalating Consumption Of Smokeless Tobacco In Chew Bags
  Key Market Drivers   Easy Availability, Considered Less Harmful Than Cigarettes


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Frequently Asked Questions (FAQ) :

Smokeless tobacco market size can touch USD 28.98 billion by 2030.

Smokeless tobacco market can progress at 4.67% CAGR from 2022 to 2030.

MacBaren Tobacco Company A/S, Altria Group, Inc., Swisher International Group, Inc., Japan Tobacco, Inc., Swedish Match AB, Dharampal Satyapal Limited, Imperial Brands PLC, and British American Tobacco PLC are major players of the global smokeless tobacco market.

APAC will exhibit an eye-popping growth rate of 4.55% in the global smokeless tobacco market.

The ban on cigarettes can drive the global smokeless tobacco market.