LONDON--(BUSINESS WIRE)--Technavio has been monitoring the snus market, operating under the consumer staples industry. The latest report on the snus market, 2020-2024 estimates it to register an incremental growth of $ 780 million, at a CAGR of about 11% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment.
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The market is concentrated, and the degree of concentration will accelerate during the forecast period. Competitors have to focus on differentiating their product offerings with unique value propositions to strengthen their foothold in the market. Market vendors also have to leverage on the existing growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments. Altria Group Inc., Arnold Andre GmbH & Co. KG, British American Tobacco Plc, Dholakia Tobacco Pvt. Ltd., GN Tobacco Sweden AB, Gotlandssnus AB, Imperial Brands Plc, Japan Tobacco Inc., Swedish Match AB, and Turning Point Brands Inc. are among some of the major market participants.
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The availability of flavored snus has been instrumental in driving the growth of the market. However, the negative health effects of snus consumption might hamper the market growth.
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Snus Market 2020-2024: Segmentation
Snus Market is segmented as below:
- Portion Snus
- Loose Snus
- North America
- South America
Based on geographic segmentation, over 57% of the market growth originated from Europe during the forecast period. In addition, portion snus led the growth under the product segment. This report provides an accurate prediction of the contribution of all the segments to the growth of the snus market size.
Snus Market 2020-2024: Scope
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The snus market report covers the following areas:
- Snus Market Size
- Snus Market Trends
- Snus Market Industry Analysis
This study identifies an increasing number of smoking bans across the world as one of the prime reasons driving the snus market growth during the next few years.
Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio’s in-depth research has direct and indirect COVID-19 impacted market research reports.
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Snus Market 2020-2024: Key Highlights
- CAGR of the market during the forecast period 2020-2024
- Detailed information on factors that will assist snus market growth during the next five years
- Estimation of the snus market size and its contribution to the parent market
- Predictions on upcoming trends and changes in consumer behavior
- The growth of the snus market
- Analysis of the market’s competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of snus market vendors
Table of Contents:
- Market Overview
- Market ecosystem
- Value chain analysis
- Market definition
- Market segment analysis
- Market size 2019
- Market outlook: Forecast for 2019 - 2024
Five Forces Analysis
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
- Market condition
Market Segmentation by Product
- Market segments
- Comparison by Product
- Portion snus - Market size and forecast 2019-2024
- Loose snus - Market size and forecast 2019-2024
- Market opportunity by Product
- Geographic segmentation
- Geographic comparison
- Europe - Market size and forecast 2019-2024
- North America - Market size and forecast 2019-2024
- APAC - Market size and forecast 2019-2024
- South America - Market size and forecast 2019-2024
- MEA - Market size and forecast 2019-2024
- Key leading countries
- Market opportunity by geography
Drivers, Challenges, and Trends
- Market drivers
- Market challenges
- Market trends
- Landscape disruption
- Vendors covered
- Market positioning of vendors
- Altria Group Inc.
- Arnold Andre GmbH & Co. KG
- British American Tobacco Plc
- Dholakia Tobacco Pvt. Ltd.
- GN Tobacco Sweden AB
- Gotlandssnus AB
- Imperial Brands Plc
- Japan Tobacco Inc.
- Swedish Match AB
- Turning Point Brands Inc.
- Scope of the report
- Currency conversion rates for US$
- Research methodology
- List of abbreviations
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.