Smokeless Tobacco Market: Current Analysis and Forecast (2022-2028)

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Emphasis on Product (Chewing, Dipping, Dissolvable, Snuff, Others); Form (Dry, Moist); Route (Oral, Nasal); Distribution Channel (Offline Stores, Online Stores); and Region/Country

Pages:

136

Table:

38

Figure:

99

Report ID:

UMCG211370

Geography:

Clear
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Report Description
Table of content
Research Methodology

Report Description

Smokeless Tobacco Market
Smokeless Tobacco Market

The smokeless tobacco market is expected to register a CAGR of around 5% over the period of 2022-2028. Smokeless tobacco refers to tobacco that is not burned or smoked and contains nicotine and other carcinogenic chemicals. Products are consumed orally or nasally and are available in various forms or types on the market. Most smokeless tobacco products are also consumed by chewing, snorting, or placing tobacco between the gums and the teeth of the mouth. The growing adoption of smokeless tobacco can be attributed to the easy availability of these types of products which are highly addictive, contain nicotine, and are available in various forms of consumption, but are correlated to have certain adverse effects on the individual’s life and health such as, increases the risk of cancer of the mouth, throat, and pancreas. Smokeless tobacco also increases the risk of developing small white patches in your mouth called leukoplakia. According to the CDC In 2020, the percentage of adults who reported current use of smokeless tobacco was highest among people living in the South U.S (2.7%) and the Midwest U.S (2.6%). Furthermore, the smokeless tobacco market is anticipated to grow on account of the growing awareness among individuals worldwide of the harmful effects of smokeless tobacco.

Smokeless tobacco is gaining interest in most parts of the world, where it is seen that the major tobacco companies of the world are investing more in its production, due to the implication of pressure. legislation on tobacco. As mentioned above, smokeless tobacco comes in a variety of flavors that appeal to young people. For example, In September 2020, JTI (Japan Tobacco International) extended its technological strategic alliance with Sauber Engineering AG (SEN), a technology and prototype development leader and member of the Sauber Group of Companies. Through this collaboration, both firms will continue to work together on precise engineering projects aimed at improving the performance of the next generation of JT Group products.

Altria Group Inc., British American Tobacco PLC, Imperial Brands PLC, Japan Tobacco Inc., Swedish Match AB, Swisher International Group, Philip Morris International, Mac Baren Tobacco company, Reynolds American, Inc., Universal Corporation Ltd are some of the key players in the market. Several M&As along with partnerships have been undertaken by these players to facilitate customers with hi-tech and innovative products/technologies.

Insights Presented in the Report

“Amongst Products, the chewing category accounted for the majority share in the market in 2020”

Based on the product, the market is classified into chewing, dipping, dissolvable, snuff, and others. Amongst products, the chewing category accounted for a significant share in the market owing to the rising demand for loose leaf, chew bags add a boost to this segment of the smokeless tobacco market. The high consumption convenience provided by chewing bags can attract a great deal of attention to the various solutions available on the market, which can lead to the expansion of the smokeless tobacco market. In addition, the low and effective pricing of chewing tobacco products is likely to boost the growth of the segment.

“Among Forms, the dry is expected to witness considerable CAGR during the forecast period”

Based on form, the market is categorized into dry and moist. Among these, dry is expected to witness the highest CAGR during the forecast period. This is due to the increase in the preference and rise in consumption of dry tobacco among the young generation contributing to the growth of the segment. Moreover, the longer shelf life of dry tobacco as compared to moist one is likely to aid the segment of the market growth.

“Amongst Route, the oral category accounted for the majority share in the market in 2020”

Based on the route, the market is classified into oral and nasal. Amongst these, the oral category accounted for a significant share in the market because of the growing demand for chewing tobacco as oral is the usually preferred route of consumption of smokeless tobacco contributing to the growth of the segment. For example, New oral nicotine products, often called Modern Oral Nicotine by the tobacco industry, have been emerging among big tobacco companies (e.g. RJ Reynolds, Swedish Match, and British American Tobacco). These typically come in the form of pouches but can come in other forms like dissolvable tablets.

“Amongst Distribution Channels, the offline store category accounted for the majority share in the market in 2020”

Based on distribution channels, the market is classified into offline stores and online stores. Amongst distribution channels, the offline stores category accounted for a significant share of the market. This can be attributed to the possibility of checking the quality of products in retail stores before purchasing which accelerates the growth of this segment. In addition, the growing number of tobacco stores, attractive packaging, and savory trendy products are contributing factors to the offline sales of smokeless tobacco products.

“Asia Pacific to witness significant growth during the forecast period”

For a better understanding of the market dynamics of the smokeless tobacco market, a detailed analysis was conducted for different regions across the globe including North America (the U.S, Canada, and the Rest of North America), Europe (Germany, France, Spain, United Kingdom, Italy, and Rest of Europe), Asia-Pacific (China, India, Australia, Japan, and Rest of APAC), Rest of World has been conducted. Asia Pacific constitutes a major market for the smokeless tobacco market industry and generated revenue owing to the increase in consumption of smokeless tobacco in the region.

Reasons to buy this report:

  • The study includes market sizing and forecasting analysis validated by authenticated key industry experts.
  • The report presents a quick review of overall industry performance at one glance.
  • The report covers an in-depth analysis of prominent industry peers with a primary focus on key business financials, product portfolio, expansion strategies, and recent developments.
  • Detailed examination of drivers, restraints, key trends, and opportunities prevailing in the industry.
  • The study comprehensively covers the market across different segments.
  • Deep dive regional level analysis of the industry.


Customization Options:

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1.1Market Definitions  
1.2Objective of the Study 
1.3Limitation  
1.4Stake Holders  
1.5Currency Used in Report 
1.6Scope of the Global Smokeless Tobacco Study
2.1.Research Process of the Smokeless Tobacco Market
2.2.Research Methodology of the Smokeless Tobacco Market
2.3.Respondent Profile    
3MARKET SYNOPSIS 
4EXECUTIVE SUMMARY
5COVID-19 IMPACT
7.1.Chewing 
7.2.Dipping 
7.3.Dissolvable
7.4.Snuff  
7.5.Others 
8.1.Dry
8.2.Moist
9.1.Oral
9.2.Nasal 
10.1.Offline Stores
10.2.Online Stores
11.1NORTH AMERICA SMOKELESS TOBACCO MARKET 
 11.1.1United States 
 11.1.2Canada  
 11.1.3Rest of North America
11.2EUROPE SMOKELESS TOBACCO MARKET 
 11.2.1Germany  
 11.2.2France  
 11.2.3United Kingdom 
 11.2.4Spain  
 11.2.5Italy  
 11.2.6Rest of Europe 
11.3ASIA PACIFIC SMOKELESS TOBACCO MARKET
 11.3.1China  
 11.3.2Japan  
 11.3.3India  
 11.3.4Australia  
 11.3.5Rest of Asia Pacific 
11.4REST OF THE WORLD SMOKELESS TOBACCO MARKET 
12.1Market Drivers 
12.2Market Challenges
12.3Impact Analysis
13SMOKELESS TOBACCO MARKET OPPORTUNITIES
14SMOKELESS TOBACCO MARKET TRENDS & INSIGHTS
15LEGAL & REGULATORY FRAMEWORK
16.1Demand Side Analysis
16.2Supply Side Analysis 
17VALUE CHAIN ANALYSIS
18.1.Competitive Landscape 
 18.1.1.Porter’s Five Forces Analysis
19.1.Altria Group Inc. 
19.2.British American Tobacco PLC 
19.3.Imperial Brands PLC 
19.4.Japan Tobacco Inc. 
19.5.Swedish Match AB  
19.6.Swisher International Group
19.7.Philip Morris International
19.8.Mac Baren Tobacco company
19.9.Reynolds American, Inc.
19.10.Universal Corporation Ltd
20DISCLAIMER

Research Methodology

Research Methodology for the Global Smokeless Tobacco Market Analysis (2021-2027)

Analyzing the historical market, estimation of the current market, and forecasting the future market of the global smokeless tobacco market were the three major steps undertaken to create and analyze the adoption of smokeless tobacco in major regions globally. Exhaustive secondary research was conducted to collect the historical market numbers and estimate the current market size. Secondly, to validate these insights, numerous findings and assumptions were taken into consideration. Moreover, exhaustive primary interviews were also conducted, with industry experts across the value chain of the global smokeless tobacco market. Post assumption and validation of market numbers through primary interviews, we employed a top-down/bottom-up approach to forecasting the complete market size. Thereafter, market breakdown and data triangulation methods were adopted to estimate and analyze the market size of segments and sub-segments the industry pertains to. Detailed methodology is explained below:

Analysis of Historical Market Size

Step 1: In-Depth Study of Secondary Sources:

Detail secondary study was conducted to obtain the historical market size of the smokeless tobacco market through company internal sources such as annual report & financial statements, performance presentations, press releases, etc., and external sources including journals, news & articles, government publications, competitor publications, sector reports, third-party database, and other credible publications.

Step 2: Market Segmentation:

After obtaining the historical market size of the smokeless tobacco market, we conducted a detailed secondary analysis to gather historical market insights and share for different segments & sub-segments for major regions. Major segments included in the report as product, form, route, and distribution channel. Further country-level analyses were conducted to evaluate the overall adoption of testing models in that region.

Step 3: Factor Analysis:

After acquiring the historical market size of different segments and sub-segments, we conducted a detailed factor analysis to estimate the current market size of the smokeless tobacco market. Further, we conducted factor analysis using dependent and independent variables such as convenient use, lower cost, pleasant taste, and lower risk to health as compared to smoking tobacco. A thorough analysis was conducted for demand and supply-side scenarios considering top partnerships, merger and acquisition, business expansion, and product launches in the smokeless tobacco market sector across the globe.

Current Market Size Estimate & Forecast

Current Market Sizing: Based on actionable insights from the above 3 steps, we arrived at the current market size, key players in the global smokeless tobacco market, and market shares of the segments. All the required percentage shares split, and market breakdowns were determined using the above-mentioned secondary approach and were verified through primary interviews.

Estimation & Forecasting: For market estimation and forecast, weights were assigned to different factors including drivers & trends, restraints, and opportunities available for the stakeholders. After analyzing these factors, relevant forecasting techniques i.e., top-down/bottom-up approach was applied to arrive at the market forecast about 2027 for different segments and sub-segments across the major markets globally. The research methodology adopted to estimate the market size encompasses:

  • The industry’s market size, in terms of revenue (USD) and the adoption rate of smokeless tobacco market across the major markets domestically
  • All percentage shares, splits, and breakdowns of market segments and sub-segments
  • Key players in the global smokeless tobacco market in terms of solutions offered. Also, the growth strategies adopted by these players to compete in the fast-growing market


Market Size and Share Validation

Primary Research: In-depth interviews were conducted with the Key Opinion Leaders (KOLs) including Top Level Executives (CXO/VPs, Sales Head, Marketing Head, Operational Head, and Regional Head, Country Head, etc.) across major regions. Primary research findings were then summarized, and statistical analysis was performed to prove the stated hypothesis. Inputs from primary research were consolidated with secondary findings, hence turning information into actionable insights.

Split of Primary Participants in Different Regions

Smokeless Tobacco Market
Smokeless Tobacco Market

Market Engineering

Data triangulation technique was employed to complete the overall market estimation and to arrive at precise statistical numbers of each segment and sub-segment of the global smokeless tobacco market. Data was split into several segments & sub-segments post studying various parameters and trends in the areas of product, form, route, and distribution channel in the global smokeless tobacco market.

The main objective of the Global Smokeless tobacco Market Study

The current & future market trends of global smokeless tobacco market were pinpointed in the study. Investors can gain strategic insights to base their discretion for investments from the qualitative and quantitative analysis performed in the study. Current and future market trends were determined the overall attractiveness of the market at a regional level, providing a platform for the industrial participant to exploit the untapped market to benefit as a first-mover advantage. Other quantitative goals of the studies include:

  • Analyze the current and forecast market size of the smokeless tobacco market in terms of Value (USD). Also, analyze the current and forecast market size of different segments and sub-segments
  • Segments in the study include areas of product, form, route, and distribution channel.
  • Define and analysis of the regulatory framework for the smokeless tobacco market industry.
  • Analyze the value chain involved with the presence of various intermediaries, along with analyzing customer and competitor behaviors of the industry.
  • Analyze the current and forecast market size of the smokeless tobacco market for the major region.
  • Major countries of regions studied in the report include Asia Pacific, Europe, North America, and Rest of the world.
  • Company profiles of the Smokeless tobacco market and the growth strategies adopted by the market players to sustain in the fast-growing market
  • Deep dive regional level analysis of the industry

You can also purchase parts of this report. Do you want to check out a section wise
price list?