Snus Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Market Size (2024) | USD 2.98 Billion |
| Market Size (2029) | USD 3.43 Billion |
| CAGR (2024 - 2029) | 2.80 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Snus Market Analysis
The Snus Market size is estimated at USD 2.98 billion in 2024, and is expected to reach USD 3.43 billion by 2029, growing at a CAGR of 2.80% during the forecast period (2024-2029).
Snus is often considered a less harmful alternative to smoking because it doesn't involve inhaling smoke. This characteristic has led to its popularity as a harm-reduction product. Stringent government rules and regulations regarding smoking and environmental contamination are propelling the demand for snus among consumers across the globe. In major developed countries like the United States, the efforts of governments to reduce smoking by granting permission for the usage of tobacco and nicotine alternatives are further increasing the adoption of snus globally. The snus market is still niche but growing slowly due to the variety offered by the market players. Snus is available in different fruit flavors and is consumed by the majority of young millennials as an alternative to smoking.
The rising popularity of snus due to the ease of the application it provides to its users is a significant factor driving the market. The ease with which the product can be used anywhere, as compared to cigarettes, which cannot be smoked in public or no-smoking zones due to the negative impacts of combustion, has played an essential role in promoting snus use. The product's low risk of gastrointestinal, lung, and pancreatic cancers and respiratory disorders is a significant reason for its popularity among nicotine addicts. The snus market is expected to continue growing, especially in regions where smoking rates are high, and there is a push for harm reduction. However, its expansion is closely tied to changing tobacco regulations in different countries. Education and awareness about the relative risks and benefits of snus compared to smoking play a significant role in driving the market growth.
Snus Market Trends
Increase in the Adoption of Snus Among the Young Generation
The demand for snus is increasing among young consumers owing to its less harmful effects than other tobacco products and the availability of different flavor varieties. The development of snus boxes with new colors, new designs, and flavors such as menthol, licorice, and vanilla that "appeal to young people" by the snus industry led to an increase in snus use among teenagers. Therefore, the development of new flavors such as fruits, eucalyptus, mint, berries, citrus, cedar, bergamot, hay, smoky, dry fruit, spices, hay, and tea will aid in boosting product demand in the coming years. One of the main factors in tobacco and cigarette addicts switching to the product is the low incidence of lung, pancreatic, and oral cancers and respiratory illnesses linked to its use. Unlike other kinds of smokeless tobacco, which are fermented during production, snus is made by steam pasteurizing the tobacco. This prevents the development of microbes that produce tobacco-specific nitrosamines, frequently present in other smokeless tobacco products and are known to cause cancer. The market players are providing different flavored snus products in the market. For instance, Dholakiya Tobacco, an Indian company provides a range of snus in different flavors like cool mint, watermelon, and others. This factor is expected to boost product demand during the forecast period.
Europe Remains the Largest Market
Europe remains the largest growing market for snus. The demand for snus is driven by the fact that it is less harmful than cigarette smoking. The rise of e-commerce was an industry trend that contributed to the snus market in European countries, owing to the relatively young consumer demographic more accustomed to e-commerce. Online retailers are offering lower prices than traditional retailers, as well as extensive product selection, which further intensifies the growth of the snus market in the European regions. The major players in the region are providing a wide range of snus products in the market with authorization from government authorities. For instance, Swedish Match received authorization from the Food and Drug Administration to market their products as less harmful than smoking cigarettes. Owing to this, the demand for snus is increasing in the region. Over the medium term, the demand for snus is expected to increase owing to its increasing marketing and advertising and variety.
Snus Industry Overview
The snus market is highly competitive, with the strong presence of global and regional players in the market. The prominent players in the market include Swedish Match AB, Altria Group, Inc., Japan Tobacco Inc., Imperial Brands plc, and GN Tobacco Sweden AB. Tobacco companies have always seen innovation and new product development (NPD) as a way of boosting brand performance, keeping existing customers loyal, and attracting new ones. Owing to this factor, companies worldwide have steadily diversified into alternative tobacco and nicotine products, including smokeless tobacco.
Snus Market Leaders
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Swedish Match AB
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Altria Group, Inc.
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Japan Tobacco Inc.
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Imperial Brands plc
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GN Tobacco Sweden AB
*Disclaimer: Major Players sorted in no particular order
Snus Market News
- In January 2023, Cannadips Europe, a SpectrunLeaf brand offering premium CBD products in the European market, partnered with Snushus AG to launch all-natural CBD snus pouches and to offer the core collection in-store.
- In November 2022, Philip Morris International acquired Swedish Match, the world's leading manufacturer of snus and nicotine products. the purpose of this acquisition was for PMI to enter the United States Market.
- In May 2021, Phillip Morris International acquired Danish-based snus manufacturer AG Snus Aktieselskab and its range of snus brands. This integration with Phillip Morris International provides an opportunity to strengthen the long-term growth of AG Snus significantly.
Snus Market Report - Table of Contents
1. INTRODUCTION
- 1.1 Study Assumptions and Market Definition
- 1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
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4.1 Market Drivers
- 4.1.1 Increasing Popularity of Snus as Harmless Cigerette Substitute
- 4.1.2 Availability of Variety of Flavors
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4.2 Market Restraints
- 4.2.1 Stringent Government Regulations in Some Countries
- 4.2.2 Risks Associated with Over Consumption of Snus
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4.3 Porter's Five Forces Analysis
- 4.3.1 Threat of New Entrants
- 4.3.2 Bargaining Power of Buyers/Consumers
- 4.3.3 Bargaining Power of Suppliers
- 4.3.4 Threat of Substitute Products
- 4.3.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION
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5.1 Product Type
- 5.1.1 Loose Snus
- 5.1.2 Portion Snus
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5.2 Distribution Channel
- 5.2.1 Tobacco Stores
- 5.2.2 Convenience Stores
- 5.2.3 Online Retail Stores
- 5.2.4 Other Distribution Channels
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5.3 Geography
- 5.3.1 North America
- 5.3.1.1 United States
- 5.3.1.2 Rest of North America
- 5.3.2 Europe
- 5.3.2.1 Sweden
- 5.3.2.2 Norway
- 5.3.2.3 Rest of Europe
- 5.3.3 Asia Pacific
- 5.3.4 South America
- 5.3.5 Middle East and Africa
6. COMPETITIVE LANDSCAPE
- 6.1 Most Adopted Strategies
- 6.2 Market Share Analysis
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6.3 Company Profiles
- 6.3.1 Swedish Match AB
- 6.3.2 Altria Group Inc.
- 6.3.3 JT International AG
- 6.3.4 Imperial Brands
- 6.3.5 GN Tobacco Sweden AB
- 6.3.6 British American Tobacco
- 6.3.7 Dholakia Tobacco Pvt. Ltd
- 6.3.8 Mac Baren
- 6.3.9 Kurbits Snus
- 6.3.10 Philip Morris International
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
Snus Industry Segmentation
Snus is a moist, smokeless, finely ground tobacco product marketed as a less harmful alternative to smoking.
The snus is segmented by product type, distribution channel, and geography. Based on product type, the market studied is segmented into loose snus and portion snus. Based on distribution channels, the market studied is segmented into tobacco stores, convenience stores, online retail stores, and other distribution channels. Based on geography, the market is segmented into North America, Europe, Asia-Pacific, South America, and the Middle East and Africa. The market sizing has been done in value terms in USD for all the abovementioned segments.
| Product Type | Loose Snus | |
| Portion Snus | ||
| Distribution Channel | Tobacco Stores | |
| Convenience Stores | ||
| Online Retail Stores | ||
| Other Distribution Channels | ||
| Geography | North America | United States |
| Rest of North America | ||
| Geography | Europe | Sweden |
| Norway | ||
| Rest of Europe | ||
| Geography | Asia Pacific | |
| South America | ||
| Middle East and Africa |
Snus Market Research Faqs
How big is the Snus Market?
The Snus Market size is expected to reach USD 2.98 billion in 2024 and grow at a CAGR of 2.80% to reach USD 3.43 billion by 2029.
What is the current Snus Market size?
In 2024, the Snus Market size is expected to reach USD 2.98 billion.
Who are the key players in Snus Market?
Swedish Match AB, Altria Group, Inc., Japan Tobacco Inc., Imperial Brands plc and GN Tobacco Sweden AB are the major companies operating in the Snus Market.
What years does this Snus Market cover, and what was the market size in 2023?
In 2023, the Snus Market size was estimated at USD 2.9 billion. The report covers the Snus Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Snus Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Snus Industry Report
Statistics for the 2024 Snus market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Snus analysis includes a market forecast outlook to for 2024 to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
