Snus Market Expectations Acme Prominent Development in Developed Regions, details FactMR study

Posted on 2019-06-26 by Mark Hub in Food & Beverage // 0 Comments

As per the current market trends and the promising nature of the snus market, it can be estimated that the future holds positive outcomes. In order to provide a deep insight about the concerned market, FACTMR would be publishing a resourceful analysis that will enclose knowledge about the regional snus market size, revenue and opportunity status. Readers will be offered the privilege to decode various facets of the market during 2017-2022, together with the active access to secondary and primary research methodology. Furthermore, various segments of the market associated to product, application, end-user etc., would also be present in this intelligent research report.

To Get a Free Sample Copy of this Report, Visit here – https://www.factmr.com/connectus/sample?flag=S&rep_id=306

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 followed in the snus market. 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. Meanwhile snus market players are focusing on providing new flavors. Snus market players 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 key trends contributing to growth of the snus market. 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 players in the snus market. Instead of using tobacco, key snus market participants are using various other ingredients such as oat husk, coconut husk or tea leaves.

As per the latest report by FactMR, the snus market 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. Snus market players are focusing on educating people on snus in order to increase the number of end-users.

Browse Snus Market Report with TOC Here – https://www.factmr.com/report/306/snus-market

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

Compared to the various types of products available in the snus 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.

Original Snus to be the Highly Preferred Flavor

Original snus is likely to gain close to two-fifth revenue share of the snus market 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 2022.

Films and Wraps to Gain Maximum Revenue Share

Films and wraps are likely to emerge as the highly preferred packaging in the snus market. 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 snus market.

Competition Tracking

The report also profiles companies that are expected to remain active in the 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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About FactMr

FactMR is a fast-growing market research firm that offers the most comprehensive suite of syndicated and customized market research reports. We believe transformative intelligence can educate and inspire businesses to make smarter decisions. We know the limitations of the one-size-fits-all approach; that’s why we publish multi-industry global, regional, and country-specific research reports.

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