Smokeless Tobacco: World Market Sales, Consumption, Demand and Forecast 2019 – 2023

Smokeless Tobacco Industry 2019

Description:-

Smokeless tobacco is one of the forms of tobacco that is consumed without getting burned. Smokeless tobacco is available in the markets in many forms such as oral tobacco, chewing tobacco, spitting tobacco, dip, chew, and snuff. Most people enjoy chewing or dipping tobacco products in their mouth and spitting out the juices that build-up, although “spitless” smokeless tobacco has also been manufactured. Nicotine present in tobacco is absorbed through the lining of the mouth.
 
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Chewing tobacco is available in the form of loose leaves, twists of a rope, or plugs (bricks). This product is either chewed or held in place. Whereas, Snuff is finely chopped or powdered form of tobacco. It may be sold in different flavours and scents. 

All kinds of tobacco products, including smokeless tobacco, contain nicotine as an active element, which is highly addictive.  Consumers of smokeless tobacco and cigarettes have identical levels of nicotine in the blood.
Market growth analysis 

The countless health issues caused by the consumption of nicotine has led governments across the globe to impose strict restrictions on cigarettes, this factor has increased the demand for smokeless tobacco products. 
Affordable price and easy availability of smokeless tobacco products are driving the markets. Also, some of the leading brands claim that Non-smoking tobacco is less harmful as compared to cigarettes, which raises the demand for this product. The growing number of advertisements and campaigns by crucial market players has created an awareness about the harmful side effects of cigarettes.

In the United States and other countries, smokeless tobacco products are sold with a warning label to aware the consumers about health risks. Companies are coming up with innovative warning labels that can aware the consumers and boost sales as well. 

Regional analysis
North America, Asia Pacific, and Europe are the primary regions driving the smokeless tobacco market. Asia-Pacific is anticipated to sustain its dominance on the market during the forecast timespan. The regional market is predicted to reach US$12,276.3 million by the year 2023 at a CAGR of about 4.55%. According to research, India accounted for the highest market share of 71.68% in the year 2017 and is believed to remain the substantial country-level market during the review period.

North America was considered as the second-largest market with an overall share of 30.24% in the year 2017.

Let's focus on some of the important market trends-
Growing Demand of Flavored and Innovative Smokeless Tobacco Products
Increasing Consumption of Dry Smokeless Tobacco to Drive Market Growth in the Asia Pacific

Market segmentation 
The smokeless tobacco market can be forecasted based on the following segments-
On the basis of key product types, the market can be segmented into-
Snuff
Chewing Tobacco
Dissolvable tobacco

Based on the major distribution channel, the market can be further segmented into-
Online stores
Storefronts

Based on product forms, the market can be segmented into-
Moist 
Dry

Important facts

The dipping tobacco segment is anticipated to account for the highest market share and is foreseen to register the highest CAGR of about 4.52% during the forecast period.

According to research, the dry form segment is predicted to register a CAGR of about 4.45% during the forecast period to reach US$12,799.4 million by the year 2023. Whereas, the moist tobacco segment is projected to exhibit a CAGR of 4.36% during the forecast span.

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