Published on : Apr 12, 2016
ALBANY, New York, April 12, 2016: The report states that the global smokeless tobacco market is predicted to progress in the years to come due to factors such as the reducing cigarette consumption, the introduction of a variety of smokeless tobacco products, the increasing household consumption expenditure, and rising real GDP.
Smokeless tobacco indicates tobacco products that are not burnt. Smokeless tobacco products include a blend of tobacco or pure tobacco that is mostly sucked or chewed and is spit out after the tobacco contents are built up. There are smokeless tobacco products that contain tobacco which is sniffed, referred to as oral tobacco. The demand for chewing tobacco, spit or spitting tobacco, snuff, dip, and chew is expected to increase in the years to come. Nicotine present in the tobacco is absorbed via the lining of the mouth. In the global smokeless tobacco market, various kinds of smokeless tobacco are available, namely chewing tobacco, snus and dissolvable tobacco, e-cigarettes, snuff, and others.
Although the share of the smokeless tobacco segment is relatively smaller in the global tobacco market, this segment is expected to register greater scope in the years to come owing to the increasing anti-smoking legislations. The risks associated with smokeless tobacco products are lesser as compared to smokeable tobacco products. This factor is predicted to boost the global smokeless tobacco market in the next few years. Some of the noticeable signs of progress in the global smokeless tobacco market are the increasing popularity of e-cigarettes and the development of vaping technology.
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Going forward, the growth of the global smokeless tobacco market is expected to be hampered by factors such as the illicit tobacco trade, stringent tobacco regulations by the governments of various nations, marketing restrictions, and the rising excise duties. More people are becoming health conscious and opting for smokeless tobacco products such as e-cigarettes with an aim to quit smoking.
By geography, the global smokeless tobacco market is divided into the U.S., Sweden, Norway, and others. Reynolds American Inc., Imperial Tobacco Group, Altria Group, and others are some of the leading players operating in the global smokeless tobacco market. The rising demand for pouched tobacco products and other smokeless tobacco products is expected to propel the global smokeless tobacco market. However, factors such as marketing restrictions and the rapidly rising duty on tobacco products are predicted to restrict the growth of the global smokeless tobacco market. In the years to come, leading players in the global smokeless tobacco market are planning to introduce many new products to match the changing trends and the growing demand of consumers. With so many new products being set for a launch, the global smokeless tobacco market is expected to be highly competitive in the years to come.
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