Industry Background:
Dissolvable tobacco is a type of smokeless tobacco that finely ground and pressed into a variety of shapes. It is a non-combustible tobacco product that slowly dissolves in the mouth. There is no need to spit or discard the product. It is considered as a pop-into-the-mouth replacement for cigarettes in no-smoking zones. Dissolvable tobacco contains nicotine and a variety of flavoring ingredients, sweeteners, and binders. These dissolvable products take between 3 to 30 minutes to dissolve in the mouth. It is gaining popularity as smoke and spit-free tobacco product.This growth is primarily driven by Growing Demand for Cigarette Substitutes in Places Where Smoking Is Banned and High Demand for Spit-Free Nicotine Products Due To Social Stigma around Conventional Tobacco.
Major Vendors, such as British American Tobacco (United Kingdom), Altria (United States), Pixotine (United States), V2 Tobacco (Denmark), NicoGen Pharma Solutions (United States), House of Oliver Twist (Denmark) and National Tobacco Co. (United States) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
In March 2019, Reynolds American Inc. re-entered the dissolvable tobacco-product category with a focus on nicotine lozenges. Reynolds expanded the reach of dissolvable tobacco products with age-21 restrictions.
Regulatory Insights:
The Food & Drug Administration of the United States (FDA) regulates the manufacture, import, packaging, labeling, advertising, promotion, sale, and distribution of all dissolvable. The product packages are expected to include any required health warning statements on packages and advertisements. Under the Tobacco Control Act, dissolvable that consists of ground tobacco would appear to fall under the Tobacco Control Act’s definition of “smokeless tobacco,” which presumably means the restriction on free samples would apply to them.
Market Drivers
- Growing Demand for Cigarette Substitutes in Places Where Smoking Is Banned
- High Demand for Spit-Free Nicotine Products Due To Social Stigma around Conventional Tobacco
Market Trend
Restraints
- Potential Health Risks Leading To Various Types of Cancers and Mouth Diseases
- Stringent Government Regulations Regarding Packaging and Marketing of Products
Opportunities
Tax Hikes and Growing Health Concerns Are Raising Demand and Increasing Environmental Concerns Is Growing Demand for Smoke-Free Tobacco Products
AMA Research follow 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 mostly 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 showcase the spontaneously changing Vendors landscape impacting the growth of the market. Furthermore, our market researchers extensively analyse the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts, but also include 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, Dissolvable Tobacco Study Sheds Light on
The Dissolvable Tobacco Market status quo and key characteristics. To end this, Analyst at AMA organize and took survey of the Dissolvable Tobacco industry Vendors. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Dissolvable Tobacco industry is heading and what are the top priorities. Insights are drawn from financial analysis, the survey 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 value they currently claim, or capture the new addressable opportunity.