Industry Background:
Smokeless tobacco, one of the oldest forms of tobacco in the world. It is consumed through orally or nasally includes chewing, sucking or sniffing and delivers nicotine without combustion. There are many different forms of smokeless tobacco products consumed globally. Increasing consumption of smokeless tobacco among the millennial population in various developing nations especially in India and Bangladesh which is influencing sales of smokeless tobacco in Asia-Pacific region.
According to AMA Research, the market for Smokeless Tobacco is expected to register a CAGR of 3.8% during the forecast period to 2027. This growth is primarily driven by Increasing instances of Ban on Smoking in Public Places Across the World
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Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
Forecast Period | 2022-2027 |
Volume Unit | Units |
Value Unit | USD (Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
The Tobacco sector in the
region has been increasing at a sustainable rate and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Vendors, such as Altria Group (United States), British American Tobacco (United Kingdom), Imperial Tobacco Group (United Kingdom), Universal Corporation (United States), Reynolds Tobacco Company (United States), The Mac Baren Tobacco Company (Denmark), Japan Tobacco Inc (Japan), Swedish Match (Sweden) and Philip Morris Products S.A (Switzerland), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
In January 2019, Japan Tobacco Inc. launched Ploom TECH which is a low temperature tobacco vapor product, and Ploom S, a high temperature tobacco vapor product, in its online store and Ploom shops across Japan. and In June 2018, America Cancer Society has removed smokeless tobacco from list of 17 risk factors for cancer, a tacit acknowledgement that the risk of cancer from smokeless tobacco is minimum.
Regulatory Insights:
Council Directive 89/622/EEC prohibited the sale in the Member States of certain types of tobacco for oral use. Directive 2001/37/EC reaffirmed that prohibition. Article 151 of the Act of Accession of Austria, Finland and Sweden grants Sweden a derogation from the prohibition. The prohibition of the sale of tobacco for oral use should be maintained in order to prevent the introduction in the Union (apart from Sweden) of a product that is addictive and has adverse health effects.
Influencing Trend:
Continuously New Product Launches By Companies
Market Growth Drivers:
Increasing instances of Ban on Smoking in Public Places Across the World and Surging Price of Cigarettes Due to Which the Average Smokers Cannot Able to Buy Cigarettes on a Regular Basis
Challenges:
Lack of Strict Provisions on Labelling and Certain Provisions Relating to their Ingredients in Developing Nations
Restraints:
Stringent Government Regulations on Tobacco
Opportunities:
Numerous Countries Governments have Increased the Excise Duty on Cigarettes and Increasing Consumption of Chewing Tobacco in Emerging Countries
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mainly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Vendors landscape impacting the market's growth. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Data Sources of Smokeless Tobacco Market Study
Primary Collection: InMail, LinkedIn Groups, Survey Monkey, Google, and Other professional Forums are some of the mediums utilized to gather primary data through key industry participants and appointees, subject-matter experts, C-level executives of Smokeless Tobacco Industry, among others including independent industry consultants, experts, to obtain and verify critical qualitative commentary and opinion and quantitative statistics, to assess future market prospects.
The primary interviews and data collected as per the below protocols:
By Designation: C-Level, D-Level, Others
By Company Type: Tier 1, Tier 2, Tier 3
Secondary Data Sources such as Annual reports, Press releases, Analyst meetings, Conference calls, Investor presentations, Management statements, and SEC filings of Smokeless Tobacco players along with Regulatory Sites, Association, World bank, etc were used as sources secondary set of data.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Smokeless Tobacco Study Sheds Light on
The Smokeless Tobacco Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Smokeless Tobacco industry Vendors. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Smokeless Tobacco industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Vendors can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.