The global dissolvable tobacco market is anticipated to grow at a CAGR of 3.5% during the forecast period (2022-2028).It is a type of smokeless tobacco product that is designed to dissolve in the mouth. The major factor expected to drive the market growth is the increasing demand for dissolvable tobacco products from emerging economies, the growing popularity of these products among young adults and smokers. In addition, the increasing availability of dissolvable tobacco products on e-commerce platforms, and the ability to provide a more intense flavor than traditional cigarettes are further boosting the growth of the global dissolvable tobacco market during the forecast period.
A full report of Global Dissolvable Tobacco Market is available at:https://orionmarketreports.com/global-dissolvable-tobacco-market/109017/
Additionally, by type segment, orbs/pellets are estimated to hold significant share in the global dissolvable tobacco market during the forecast period as these products can be used in a range of ways, including as a chewable tobacco product or as an additive to cigarettes. These are typically made of tobacco, menthol, and flavoring agents that provides a more intense flavor than traditional cigarettes. Further, it does not produce secondhand smoke and is less likely to cause fires. Whereas, by distribution channel, the offline market is estimated to hold significant share in the market during the forecast period owing to the increasing availability of dissolvable tobacco products in convenience stores and gas stations.
Some major players in the market include Altria Group Inc., Japan Tobacco, Inc., and British American Tobacco plc, among others. The market players are contributing significantly to the growth of the market by the adoption of various strategies including mergers and acquisitions, geographical expansion, partnerships, new product launches, and collaborations, to stay competitive in the market. For instance, in July 2019, a Kentucky US-based provider of smokeless tobacco Turning Point Brands announced the acquisition of Solace Technologies LLC. To introduce alternative products such as synthetic nicotine & hemp-derived products in their business. Further, in June 2019, Altria Group Inc. announced the 80% ownership acquisition of Burger Sohne Holding AG to add newer oral tobacco-derived nicotine pouch product categories into their business.
Market Coverage
- The market number available for – 2021-2028
- Base year- 2021
- Forecast period- 2022-2028
- Segment Covered-
- By Type
- By Packaging
- By Distribution Channel
- Regions Covered-
- North America
- Europe
- Asia-Pacific
- Rest of the World
- Competitive Landscape-Altria Group Inc., Japan Tobacco, Inc., and British American Tobacco plc, among others.
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominate the market in the base year?
- Which segment and region will project the fastest growth in the market?
- How has COVID-19 impacted the market?
- Deviation from the pre-COVID-19 forecast
- Most affected region and segment
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
Global Dissolvable Tobacco Market Report by Segment
By Type
- Orbs/Pellets
- Strips
- Sticks
By Packaging
- Pouches
- Cans
By Distribution Channel
- Convenience Stores
- Hypermarkets and Supermarkets
- Online Channel
- Brand Stores
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