Smokeless Tobacco Market has been thriving as more than 40 types of smokeless tobacco products are consumed by nearly 300 million people around the world. The use of smokeless tobacco is much more prevalent South Asia than other parts of the world but the social acceptance of the habit and sheer population of the region have been driving the growth of the smokeless tobacco industry in the region.The use of smokeless tobacco has been banned in the EU except for in Sweden. Swedish Match, the company that produces snus, a smokeless dipping tobacco has witnessed sales surpass that of cigarettes. Research has shown that the use of snus can have lesser negative health repercussion than smoking [URL=https://www.marketresearchfuture.com/reports/global-e-cigarette-vaporizer-market-949]cigarettes[/URL]. Increasing use of products like snus all over the world would also augment [URL=https://www.marketresearchfuture.com/reports/smokeless-tobacco-market-5959]smokeless tobacco market products[/URL] growth over 2017-2023.
Competitive Overview:
Some of the most companies in the smokeless tobacco industry that hold a considerable portion of the market share include, British American Tobacco PLC, Swedish Match AB, Altria Group, Inc., Dharampal Satyapal Limited, MacBaren Tobacco Company A/S, Japan Tobacco, Inc., Imperial Brands PLC, Swisher International Group, Inc. etc.
Industry News:
Big Tobacco just unveiled a new strategy to stay big: Merge.
Altria and Philip Morris International said they have been in talks to reunite as smokers worldwide increasingly ditch the habit.
The two Marlboro makers -- which split more than a decade ago, with Altria taking the home territory and Philip Morris taking overseas -- confirmed on Tuesday that they're in talks to recombine in an all-stock, $200 billion-plus deal.
Still, some industry watchers said the merger could give Altria and Philip Morris a boost as e-cigarettes increasingly lure nicotine fiends away from combustible smokes.
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Segmentation:
The Smokeless Tobacco Market is segmented based on type, form, and route.
Regional Analysis:
Smokeless tobacco market is segmented into Asia Pacific, North America, Europe and Rest of the World.
Asia Pacific region is expected to hold a dominant regional position in the due to the expansive use of different types of smokeless tobaccos in the region. China and India are known to be the homes to some of the largest tobacco using population in the world. China has 300.8 million tobacco users, followed by India with 274.9 million users. India has the largest population of smokeless tobacco users of 205.9 million. India and Bangladesh witness high rates of smokeless tobacco use, with these two countries accounting for 94% of the smokeless tobacco users. Just over 25% of Indians use smokeless tobacco. Bangladesh surpasses India in smokeless tobacco usage with a 27.9% usage and the highest rate among women. Asia Pacific is estimated to reach to USD 12.27 billion by the end of 2023 with a CAGR of 4.55% during the forecast period of 2017-2023.