Global Snus Market to Create an Absolute Opportunity of US$ 1 Bn as Consumers Seek Smokeless Tobacco Alternatives
The global snus market is anticipated to progress on a positive growth trajectory and generate an absolute opportunity of more than US$ 1 Bn by the end of the forecast period. The market’s growth can be primarily attributed to increasing popularity of smokeless tobacco products and growing consumption of snus as an alternative to conventional cigarettes. Moreover, market players are investing on market campaigns to create awareness regarding the product’s benefit of cigarettes and are introducing new flavors, thereby fuelling the sales.
In addition, the Centers for Disease Control and Prevention (CDC) noted that the consumption of smokeless tobacco has increased in the recent past as the alternatives are less damaging than cigarettes. Backed by these factors, the global snus market is anticipated to witness substantial growth in the years to come.
Rising Consumer Preference for Smokeless Tobacco Variants Ensures Lucrative Opportunities
Snus which refers to smokeless chewing tobacco. Snus has also been found to be less harmful than cigarettes. Hence the consumption of snus has also increased. Manufacturers are providing snus in two forms: loose and pouches. Manufacturers are also providing snus in different flavors and are also using significant amount of sweeteners.
Except Sweden, sinus is still illegal in all the European Union. Various quality standards for snus are also being introduced, to set the limit for various ingredients used in it. This report, published by XploreMR, provides in-depth analysis of the global snus market for the forecast period 2017-2022, and offers key insights about future market direction.
The scope of XploreMR’s report is to analyze the global snus market for the forecast period 2017-2022 and provide readers an unbiased and accurate analysis. Snus manufacturers, stakeholders, and suppliers in the global food & beverage sector can benefit from the analysis offered in this report. This report offers a comprehensive analysis, which can be of interest to leading trade magazines and journals pertaining to snus.
Snus Market Forecast, Trend Analysis & Competition Tracking - Global Market insights 2017 to 2022Buy Now
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