Report ID: SQMIG30J2015
Report ID:
SQMIG30J2015 |
Region:
Global |
Published Date: December, 2024
Pages:
157
|
Tables:
118 |
Figures:
78
The North American region has dominated the global snus market, with a market share of over 43% in 2021. The U.S. government has taken several initiatives to reduce smoking among people, and this has led to an increased adoption of nicotine and tobacco substitutes, including snus. The rising investments in new product development in the region are expected to fuel market growth further. Additionally, the introduction of new flavors and packaging options is also anticipated to drive the demand for snus in the region.
On the other hand, the Middle East and Africa region are projected to witness the fastest compound annual growth rate (CAGR) of 5.7% from 2022-2030. The region has the fewest regulations governing tobacco sales, and snus is not banned or prohibited in any country in Africa. The increasing efforts by international and national organizations to minimize the number of people who smoke in the region are further contributing to the growth of the snus market. Additionally, these products have shown to be effective in helping people quit smoking, which is making them increasingly popular in the region. The affordable price of snus products is also driving its demand among buyers.
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Report ID: SQMIG30J2015