Research Report: Global Snus Market 2020–2024 | Availability of Flavored Snus to Boost Market Growth | Technavio

Technavio has been monitoring the global snus market size and it is poised to grow by USD 780 million during 2020–2024, progressing at a CAGR of about 11% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.

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Frequently Asked Questions:

• Based on segmentation by product, which is the leading segment in the market?
  Portion snus is the leading segment in the global snus market.
• What are the major trends in the market?
  Increasing number of smoking bans across the world is a key trend in the market.
• At what rate is the market projected to grow?
  The global snus market is expected to grow at a CAGR of about 11% during the forecast period
• Who are the top players in the market?
  Altria Group Inc., Arnold Andre GmbH & Co. KG, British American Tobacco Plc, Dholakia Tobacco Pvt. Ltd., GN Tobacco Sweden AB, Gotlandssnus AB, Imperial Brands Plc, Japan Tobacco Inc., Swedish Match AB, and Turning Point Brands Inc. are some of the major market participants.
• What are the key market drivers and challenges?
  The availability of flavored snus is one of the key factors driving the market. However, negative health effects of snus consumption might hamper the market growth.
• How big is the Europe market?
  European region will contribute 57% of the market growth.

The market is concentrated, and the degree of concentration will accelerate during the forecast period. Altria Group Inc., Arnold Andre GmbH & Co. KG, British American Tobacco Plc, Dholakia Tobacco Pvt. Ltd., GN Tobacco Sweden AB, Gotlandssnus AB, Imperial Brands Plc, Japan Tobacco Inc., Swedish Match AB, and Turning Point Brands Inc. are some of the major market participants. Although the availability of flavored snus will offer immense growth opportunities, the negative health effects of snus consumption will hamper market growth. To make most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

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Technavio’s custom research reports offer detailed insights on the impact of COVID-19 at an industry level, a regional level, and subsequent supply chain operations. This customized report will also help clients keep up with new product launches in direct & indirect COVID-19 related markets, upcoming vaccines and pipeline analysis, and significant developments in vendor operations and government regulations.

Snus Market 2020–2024: Segmentation

Snus Market is segmented as below:

• Product
• Geography
• Portion Snus
• Loose Snus
• Europe
• North America
• APAC
• South America
• MEA

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Snus Market 2020–2024: Scope

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The snus market report covers the following areas:

• Snus Market Size
• Snus Market Trends
• Snus Market Industry Analysis

This study identifies the increasing number of smoking bans across the world as one of the prime reasons driving the Snus Market growth during the next few years.

Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio’s in-depth research has direct and indirect COVID-19 impacted market research reports.