DUBLIN--(BUSINESS WIRE)--The "Global Snus Market - Growth, Trends, and Forecast (2018 - 2023)" report has been added to ResearchAndMarkets.com's offering.
The global snus market is projected to grow at the rate of 4.2% during
the forecast period 2018 to 2023.
Growing consumption of snus as an alternative for cigarettes and
increasing popularity of smokeless tobacco products across the globe is
playing a key role to drive the snus market.
Key players are investing to create awareness about their products that
have less health-damaging properties and a better alternative for
cigarettes. For instance, in 2015, Swedish Match opened many stores in
Strmstad and Gothenburg. The company stocked the snus store with its
world-renowned snus products. They also deployed store staff members to
create awareness about the benefits of consuming snus over other tobacco
products.
Moreover, according to CDC (Centers for Disease Control and Prevention),
total combustible tobacco consumption decreased 33.5%, or 43.7% per
capita, whereas total consumption of smokeless tobacco increased 23.1%,
or 4.2% per capita during the period 2010 to 2015 which is expected to
drive the market growth in upcoming years.
Highlights
- Growing Demand of Smokeless Tobacco Products to Drive Market Growth
- Loose Snus to Witness the Fastest Growth Rate during the Forecast Period
- Norway to Witness Significant Growth
Key Developments in the Market
- Imperial Brands, in partnership with China National Tobacco (CNTC), established a joint venture, Global Horizon Ventures Limited (GHVL), based in Hong Kong. The transaction enhances the group long-term earnings potential and competitive position in the growing smokeless tobacco market.
- Swedish Match acquires House of Oliver Twist A/S, a privately held Danish smokeless tobacco company. The company develops, produces and sells chewing tobacco bits made of processed tobacco strands under the brand Oliver Twist. The main markets of the company are in Scandinavia and certain other European countries.
Topics Covered
1. Introduction
2. Snus Market Insights
3. Snus Market Dynamics
4. Snus Market Segmentation
5. Snus Market By Geography
6. Competitive Landscape
7. Company Profiles
- Altria Group Inc.
- Arnold Andre GmbH & Co. KG
- British American Tobacco PLC
- Gajane AB
- GN Tobacco Sweden AB
- Gotlands Snus AB
- Imperial Brands PLC
- JT International AG
- MAHAK Group
- Reynolds American Inc.
- Swedish Match AB
- V2 Tobacco A/S
For more information about this report visit https://www.researchandmarkets.com/research/q7c2fq/snus_worldwide?w=4
