Smokeless Tobacco Market: Current Analysis and Forecast (2022-2028)

Smokeless Tobacco Market: Current Analysis and Forecast (2022-2028)

The Smokeless Tobacco market is expected to register a CAGR of around 5% over the period of 2022-2028. Smokeless tobacco refers to tobacco that is not burned or smoked and contains nicotine and other carcinogenic chemicals. Products are consumed orally or nasally and are available in various forms or types on the market. Most smokeless tobacco products are also consumed by chewing, snorting, or placing tobacco between the gums and the teeth of the mouth. The growing adoption of smokeless tobacco can be attributed to the easy availability of these types of products which are highly addictive, contain nicotine, and are available in various forms of consumption, but are correlated to have certain adverse effects on the individual’s life and health such as, increases the risk of cancer of the mouth, throat, and pancreas. Smokeless tobacco also increases the risk of developing small white patches in your mouth called leukoplakia. According to the Times of India, in 2020, the percentage of adults who reported current use of smokeless tobacco was highest among people living in the South (2.7%) and the Midwest (2.6%). Furthermore, the smokeless tobacco market is anticipated to grow on account of the growing awareness among individuals worldwide of the harmful effects of smokeless tobacco.

• Based on product, the market is classified into chewing, dipping, dissolvable, snuff, and others. Amongst products, the chewing category accounted for a significant share of the market owing to the rising demand for loose leaf, and chew bags adding a boost to this segment of the smokeless tobacco market.
• Based on form, the market is categorized into dry and moist. Among these, dry is expected to witness the highest CAGR during the forecast period. This is due to the increase in the preference and rise in consumption of dry tobacco among the young generation contributing to the growth of the segment.
• Based on the route, the market is classified into oral and nasal. Amongst these, the oral category accounted for a significant share in the market because of the growing demand for chewing tobacco as oral is the usually preferred route of consumption of smokeless tobacco contributing to the growth of the segment.
• Based on distribution channels, the market is classified into offline stores and online stores. Amongst distribution channels, the offline stores category accounted for a significant share of the market. This can be attributed to the possibility of checking the quality of products in retail stores before purchasing which accelerates the growth of this segment.
• For a better understanding of the market adoption of the smokeless tobacco market, the market is analyzed based on its worldwide presence in the countries such as North America (United States, Canada, and Rest of North America), Europe (Germany, France, Italy, Spain, United Kingdom, and Rest of Europe), Asia-Pacific (China, Japan, India, Australia, and Rest of APAC), and Rest of World. The Asia Pacific constitutes a major market for the smokeless tobacco industry and generated revenue owing to the increase in consumption of smokeless tobacco in the region.
• Some of the major players operating in the market include Altria Group Inc., British American Tobacco PLC, Imperial Brands PLC, Japan Tobacco Inc., Swedish Match AB, Swisher International Group, Philip Morris International, Mac Baren Tobacco company, Reynolds American, Inc., Universal Corporation Ltd