Market Overview

Global Smokeless Tobacco Market 2018-2022 | New Product Launches to Boost Growth | Technavio

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The global smokeless tobacco market is expected to post a CAGR of close
to 3% during the period 2018-2022, according to the latest market
research report by Technavio.

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Technavio has published a new market research report on the global smokeless tobacco market from 201 ...

Technavio has published a new market research report on the global smokeless tobacco market from 2018-2022. (Graphic: Business Wire)

A key factor driving the growth of the market is the increasing price of
cigarettes due to which the average consumer cannot buy cigarettes on
regular basis. Consumers, therefore, resort to purchasing other
products, which is expected to contribute to the increasing demand for
smokeless tobacco products. Over the last two decades, the price of
tobacco has risen by over 300% globally. Also, several national
governments have increased the excise duty on cigarettes which has
further contributed to the increase in the price of cigarettes.
Therefore, the increasing price of cigarettes and the rising number of
consumers will drive the growth of the global smokeless tobacco market
during the forecast period.

This market research report on the global
smokeless tobacco market 2018-2022
also provides an analysis of
the most important trends expected to impact the market outlook during
the forecast period. Technavio classifies an emerging trend as a major
factor that has the potential to significantly impact the market and
contribute to its growth or decline.

This report is available at a USD 1,000 discount for a limited time
only:
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market snapshot before purchasing

In this report, Technavio highlights new product launches as one of the
key emerging trends in the global smokeless tobacco market:

Global smokeless tobacco market: new product
launches

The increasing number of product launches by players in the market is
another positive trend that can influence the growth of the global
smokeless tobacco market during the forecast period. Successful product
launches enable the growth of the market along with the market player
that has launched the product. Such developments increase the revenue
flow of the company and expand its consumer base. Moreover, new product
launches increase the market share of the player and give it a
competitive advantage over other players in the market.

"Growing smoking cessation rates worldwide and rise in number of
mergers and acquisitions are two other factors that are boosting the
growth of the global market. Consumers who are trying to quit smoking
are increasingly gravitating toward the use of smokeless tobacco
products,"
says a senior research analyst at Technavio.

Global smokeless tobacco market: Segmentation
analysis

This market research report segments the global smokeless tobacco market
by application (dipping tobacco, chewing tobacco, other smokeless
tobacco) and geographical regions (APAC, EMEA, and the Americas).

The dipping tobacco segment led the market in 2017 with a market share
of over 35%, followed by chewing tobacco and other smokeless tobacco
segment respectively. During the forecast period, the other smokeless
tobacco segment is expected to show the highest incremental growth
followed by the dipping tobacco segment.

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Some of the key topics covered in the report include:

Market Landscape

  • Market ecosystem
  • Market characteristics
  • Market segmentation analysis

Market Sizing

  • Market definition
  • Market size and forecast

Five Forces Analysis

Market Segmentation

Geographical Segmentation

  • Regional comparison
  • Key leading countries

Market Drivers

Market Challenges

Market Trends

Vendor Landscape

  • Vendors covered
  • Vendor classification
  • Market positioning of vendors
  • Competitive scenario

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