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Snus: Worldwide Market Growth, Trends and Forecasts to 2023 featuring British American Tobacco, Imperial Brands, V2 Tobacco, Swedish Match, Gajane, and many more - ResearchAndMarkets.com

October 3, 2018

DUBLIN--(BUSINESS WIRE)--Oct 3, 2018--The “Global Snus Market - Growth, Trends, and Forecast (2018 - 2023)” report has been added to ResearchAndMarkets.com’s offering.

The global snus market is projected to grow at the rate of 4.2% during the forecast period 2018 to 2023.Growing consumption of snus as an alternative for cigarettes and increasing popularity of smokeless tobacco products across the globe is playing a key role to drive the snus market.Key players are investing to create awareness about their products that have less health-damaging properties and a better alternative for cigarettes. For instance, in 2015, Swedish Match opened many stores in Strmstad and Gothenburg. The company stocked the snus store with its world-renowned snus products. They also deployed store staff members to create awareness about the benefits of consuming snus over other tobacco products.Moreover, according to CDC (Centers for Disease Control and Prevention), total combustible tobacco consumption decreased 33.5%, or 43.7% per capita, whereas total consumption of smokeless tobacco increased 23.1%, or 4.2% per capita during the period 2010 to 2015 which is expected to drive the market growth in upcoming years.HighlightsGrowing Demand of Smokeless Tobacco Products to Drive Market GrowthLoose Snus to Witness the Fastest Growth Rate during the Forecast PeriodNorway to Witness Significant Growth

Key Developments in the Market

Imperial Brands, in partnership with China National Tobacco (CNTC), established a joint venture, Global Horizon Ventures Limited (GHVL), based in Hong Kong. The transaction enhances the group long-term earnings potential and competitive position in the growing smokeless tobacco market.Swedish Match acquires House of Oliver Twist A/S, a privately held Danish smokeless tobacco company. The company develops, produces and sells chewing tobacco bits made of processed tobacco strands under the brand Oliver Twist. The main markets of the company are in Scandinavia and certain other European countries.

Topics Covered

1. Introduction

2. Snus Market Insights

3. Snus Market Dynamics

4. Snus Market Segmentation

5. Snus Market By Geography

6. Competitive Landscape

7. Company Profiles

Altria Group Inc.Arnold Andre GmbH & Co. KGBritish American Tobacco PLCGajane ABGN Tobacco Sweden ABGotlands Snus ABImperial Brands PLCJT International AGMAHAK GroupReynolds American Inc.Swedish Match ABV2 Tobacco A/S

For more information about this report visit https://www.researchandmarkets.com/research/q7c2fq/snus_worldwide?w=4

View source version on businesswire.com:https://www.businesswire.com/news/home/20181003005355/en/

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Related Topics:Tobacco

KEYWORD:

INDUSTRY KEYWORD: RETAIL TOBACCO

SOURCE: Research and Markets

Copyright Business Wire 2018.

PUB: 10/03/2018 05:02 AM/DISC: 10/03/2018 05:01 AM

http://www.businesswire.com/news/home/20181003005355/en

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