SMOKELESS PRODUCTS MARKET ANALYSIS

1. Coherent Market Insights Market Research and Business Consulting Services https://www.coherentmarketinsights.com/ COVID-19 Impact Tracker   Smokeless Products Market – Insights  Moist snuff is finely grated dry tobacco mixed with flavors, salts, water, and             humidifying agents, and offered in loose form or pouches. American moist           snuff is usually fermented and kept for maturation at room temperature. Snus is               moist snuff produced in Sweden consisting of air-dried ground tobacco along           with flavoring, water, salt, and taste additives which are then pasteurized by             heating and kept cool to avoid ageing. Furthermore, owing to rising awareness               regarding life threatening effects of tobacco such as cancer, consumers are           preferring tobacco-free smokeless products such as tobacco-free nicotine       pouches and tobacco-free and nicotine-free pouches. Key players operating in         the smokeless products market are focused on offering tobacco-free products           in various flavors to expand their consumer base. For instance, Swedish Match             North Europe AB offers ZYN tobacco-free nicotine white pouches in various           flavors including mint, lemon, orange, and espressino among others. British           American Tobacco UK Limited offers tobacco-free nicotine pouches under the           name ‘LYFT’ in various flavors such as mint and berry. Moreover, Helix                                                                                                                                                                                        

2. Innovations LLC offers it under the brand name ON! with 7 different flavors             including berry, citrus, original, coffee, cinnamon, mint and wintergreen. Rogue           Holdings, LLC offers tobacco-free and sugar free nicotine products in flavors           such as mango, peppermint and honey lemon. The market is expected to reach             US$ 13,294.6 million by the end of 2027, exhibiting a CAGR of 3.0% over the               forecast period.                                                                    Key player operating in the global smokeless products market are focused on             various growth strategies such as mergers & acquisitions in order to strengthen           their market presence. For instance, in June 2019, Altria Group acquired 80%           ownership of certain companies         (Switzerland-based tobacco company) that will commercialize ‘On!’ products       worldwide. ‘On!’ is an oral tobacco derived nicotine pouch product. The             acquisition will help Altria Group to expand its smokeless tobacco product             portfolio.                                    Söhne               of     Burger           Holding     AG               Various social factors such as popularity among youth, religious opinions, and           misconceptions about health benefits of using smokeless tobacco are affecting         the global smokeless products market growth. For instance, according to an           article published in the International Journal of High Risk Behaviors &         Addiction, use of tobacco is forbidden in Islam. Religious opinions influence the               use of tobacco across the globe, and especially in Middle-eastern countries               such as Iran, Saudi Arabia, Oman, and UAE where smokeless tobacco             consumption is low due to religious beliefs.                                                                                The global ​smokeless products market was valued at US$ 10,228.4 million in         2018 and is expected to exhibit a CAGR of 3.0% in terms of revenue, over the               forecast period (2019-2027).                                           

3. Figure 1. Global Smokeless Products Market Share (%), By Region, 2018    Source: Coherent Market Insights, 2018  North America accounted for the largest market share of around 42% in 2018           owing to increasing sale of smokeless products in the region. For instance,           according to Centers for Disease Control and Prevention, U.S., the total amount           of smokeless tobacco products sold in the U.S. was 127.81 million pounds in             2014 which increased to 129.36 million pounds in 2015. According to the same             source, three companies – British American Tobacco, Swedish Match, and           Altria Group Inc. accounted for around 98% of the U.S. smokeless tobacco           market with combined sales revenue of more than US$ 6 billion.                                                                                                         

4.   Figure 2. Global Smokeless Products Market Share (%), By Distribution  Channel, 2018    Source: Coherent Market Insights, 2018  Among distribution channel, the convenience stores segment accounted for the         largest maket share of 84.1% in 2018 in the global smokeless products market.                 Convenience stores are usually small businesses that periodically need to         replenish their stock. Convenience stores are generally more expensive than         supermarkets and order small quantities at higher per unit prices. Convenience         stores are primarily frequented by local residents, as operating hours of these           stores are longer than others. Therefore, the convenience stores segment is           expected to register significant growth in the global smokeless products market             throughout the forecast period.                                                                                                  Players operating in the global smokeless products market are focused on           adopting various growth strategies such as partnerships & collaborations, in         order to strengthen their market presence. For instance, in 2015, Swisher           International appointed Asia Marketing Services (AMS), a Taiwan-based                                                    

5. company which is into marketing and promotion of imported tobacco products,             as an independent sales representative for the domestic and duty free market in           Asia.                            Major players operating in the global smokeless products market include Altria             Group, Inc., British American Tobacco plc., DS Group, Swedish Match AB,         Swisher International, Inc., Imperial Brands PLC, Turning Point Brands, Inc., AG         Snus, Japan Tobacco Inc., and Dholakia Tobacco Pvt. Ltd.                                        1. Request Sample Report 2. Download PDF Brochure 3. Request Customization 4. Talk to Analyst Reference https://www.coherentmarketinsights.com/market-insight/smokeless-products-market-3485 About Us: Coherent Market Insights is a global market intelligence and consulting organization focused on assisting our plethora of clients to achieve transformational growth by helping them make critical business decisions. What we provide: •​Customized Market Research Services •​Industry Analysis

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