Snus Market to Gain a Stronghold by 2030

Posted by Rajkumar on March 2nd, 2023

Overview:

Snus has many types of ingredients. Some are highly addictive, and some contain a high concentration of nicotine. Some are made of a porous material. There are many different varieties of snus available in the market. These products vary in flavors and strengths, and over time, the use of these products has changed. People used snus to avoid the mess and smell of snuff, over time people have begun to use it to enjoy the taste of tobacco and nicotine-free pouches. Snus may also reduce the risk of various types of cancer. It is also less expensive, and some people prefer it cigarettes over However, despite the health benefits of snus, it has not been widely adopted in the U.S.

Market Dynamics:

Growing consumption of snus over cigarettes is estimated to augment growth of the global snus market over the forecast period. For instance, AG Snus Aktieselskab was acquired by Phillip Morris International in 2021, this integration will strengthen the growth of AG Snus. Moreover, increasing adverse health effects of the snus is estimated to hamper growth of the global snus market over the forecast period.

Impact of COVIFD-19:

The pandemic had adverse effects on almost all sectors of the society across the globe. The pandemic also affected the healthcare sector. Many countries imposed lockdowns, severe travel restrictions and quarantines. Almost 100 nations were affected due to COVID-19, and it was declared as emergency by the WHO. The pandemic affected production and demand of various products. The growth of the global snus market was hampered during the pandemic as these products are not listed as essential products. During the pandemic the demands of customers shifted more towards safety items and essential items. The pandemic also caused disruptions in the supply chains of products owing to labor restrictions and barriers imposed due to trading.

Key Takeaways:

 The global snus market is estimated to witness robust growth, exhibiting a CAGR during the forecast period, due to increasing research and developmental activities and growing modernization. For instance, a Tobacco company named Swedish Match decided to expand in seven markets including the United States. The product is easily available in Minneapolis, Phoenix, Nashville, Los Angeles, Ohio and Denver.

Europe is anticipated to witness robust growth in global snus market over the forecast period, owing to the rising number product launches in the region.

Major players operating in the Global Snus Market are British American Tobacco, Burger Söhne Sweden AB, Altria Group, Inc., GN Tobacco, Fiedler & Lundgren, Nordic Snus AB, Skruf Snus, Dacapo Silver AB, Dacapo Silver AB, Gordito Oü, Gotlandssnus and Dacapo Silver AB.