Snus Market Insights, Trends & Future Development Status Recorded during 2017-2022

Posted on 2018-10-17 by Mark Hub in Food & Beverage // 0 Comments

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In order to study the various trends and patterns prevailing in the concerned global market, Fact.MR has included the latest Forecast report on Snus Market to its vast database. This study offers statistics about the prime regions and applications operating in the Snus Market, along with their market production, consumption, revenue, upcoming industry trends and future market share details. Further, the accomplished report also anticipates that the concerned market would grow at a constructive CAGR until 2022.

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Snus is smokeless, moist powdered tobacco. Snus consists of ground tobacco, salt, and some other flavoring ingredients. Fulfilling the criteria of tobacco, snus has been considered to have less harmful effects than a cigarette. There are various production and quality standards for snus. However, Gothiatek standard has maximum levels for ingredients such as metals, nitrite, mycotoxins, nitrosamines, aldehydes, and agrochemicals.

Health-conscious people in various countries are shifting from smoking to using smokeless tobacco products. Manufacturers are also focusing on providing new flavors. Companies are also opening stores that include world-famous snus products. Moreover, staff in stores are also being trained to increase awareness among customers on using snus instead of other tobacco products. Changing consumption trends, increasing sustainability in sourcing of raw tobacco and growing brand loyalty are some of the trends contributing to the growth of the global market for snus. Sales of snus is still banned in some countries, however, proper regulations can result in the reduction of the harmful effect of tobacco. Meanwhile, tobacco-free snus is also one of the focus areas of manufacturers. Instead of using tobacco, manufacturers are using various other ingredients such as oat husk, coconut husk or tea leaves.

As per the latest report by Fact.MR, the global market for snus is likely to experience strong growth. The market is estimated to reach US$ 1,408.4 million revenue by 2022 end. Due to the rising awareness of snus among people and being less harmful than a cigarette, there has been a growth in the adoption snus in various regions, especially in Sweden. Manufacturers are focusing on educating people on snus in order to increase the number of end-users.

Original Regular Strength-Large Portion Snus- Top-Selling Product

Compared to the various types of snus products available in the market, original regular strength-large portion snus is likely to emerge as one of the top-selling products. By 2022 end, original regular strength-large portion snus is estimated to surpass US$ 500 million revenue.

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Original snus is likely to gain close to two-fifth of the share in terms of the revenue by 2017 end. Original snus is estimated to bring in nearly US$ 600 million revenue towards 2022 end. Although Fruit flavor snus is also likely to experience strong growth throughout the forecast period.

Films and Wraps to Gain Maximum Revenue Share

Films and wraps are likely to emerge as the highly preferred packaging for snus. Experiencing strong growth throughout 2017-2022, films and wraps are estimated to surpass US$ 400 million revenue towards 2022 end. On the other hand, pouches as a packaging for suns is are also likely to witness significant growth in the global market for snus.

Competition Tracking

The report also profiles companies that are expected to remain active in the expansion of global snus market through 2022, which include British American Tobacco p.l.c, Altria Group, Inc., Imperial Brands PLC, GN Tobacco Sweden AB, Swedish Match AB (publ), Hay Island Holding Corporation, Manikchand Group, Gotlands Snus Ab, DS Group, and Japan Tobacco Inc.

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