The global moist snuff market is anticipated to grow at a CAGR of 5.5% during the forecast period (2022- 2028). A moist is a type of smokeless tobacco that is made of finely ground or shredded tobacco leaves. It can be consumed orally and offered in different forms such as portion snuff and loose snuff. Moist snuff contains carcinogenic substances and the addictive substance nicotine. They are less harmful alternative to smoking, as consumption of snuff does not harm the lungs like conventional tobacco smoking. With the increase in awareness of chewing tobacco and smoking, there is a decline in consumption of tobacco and now people are taking support of this smokeless tobacco which is an alternative to smoking. This is the driving factor for the growth of the global moist snuff market.
Additionally, these moist snuffs are available in different flavours owing to which consumers are attracted to it and thereby the demand for the moist snuff has been significantly growing. The rise in demand for chewing tobacco types and their low price are some other factors accelerating the growth of the market. Government authorities in various countries are increasing the excise duty on cigarettes and therefore, consumers are looking for alternatives such as smokeless tobacco. This is expected to boost the growth of the market in the near future. However, regular use of moist snuff can be harmful as it contains 24 polycyclic aromatic hydrocarbons (PAH) that cause oral and pancreatic cancers. The use of smokeless tobacco increases the risk of mortality due to myocardial infarction and there is a higher risk of diabetes associated with snuff which is expected to restrain the growth of the global moist snuff market.
Some major players in the market include Swedish Match AB, British American Snuff Co, and The Copenhagen Co., 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 May 2019, The Centre for Tobacco Reference Products launched four new smokeless tobacco products on the market in the US. The new tobacco products are developed under a $7.4 million, five-year cooperative agreement with the USFDA.
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Market Coverage
- The market number available for – 2021-2028
- Base year- 2021
- Forecast period- 2022-2028
- Segment Covered-
- By Type
- By Application
- Regions Covered-
- North America
- Europe
- Asia-Pacific
- Rest of the World
- Competitive Landscape- Swedish Match AB, British American Snuff Co, and The Copenhagen Co., 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?
A full report of Global Moist Snuff Market is available at: https://orionmarketreports.com/global-moist-snuff-market/106760/
Global Moist Snuff Market Report by Segment
By Type
- Fruit Flavours
- Mint Flavours
By Application
- Online
- Offline
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