Modern Oral Tobacco Market to be Dominated by Asia-Pacific Region through 2026
Increase in awareness about the effect
of cigarette consumption and growing youth population are expected to drive the
demand of the global modern oral tobacco market for the forecast period.
According to TechSci Research report, “Modern
Oral Tobacco Market - Global Industry Size, Share, Trends, Opportunity and
Forecast, 2016-2026 Segmented By Nicotine Content (Below 10MG, 10MG to 20 MG,
More Than 20MG), By Distribution Channel (Tobacco stores, Convenience stores,
Online Retail Stores, and Other Distribution Channels) and By Region”, the
global modern oral tobacco market is expected to witness at a rate of steady
CAGR for the forecast period, 2022-2026. Modern oral tobacco products are
smokeless and odorless and are sold as tobacco-free products. These products consist of sweeteners,
flavorings, nicotine, and other plant-based fibers.
The use of flavors like honeysuckle, peach,
apple, strawberry, champagne, and honeydew in oral tobacco products is
contributing to the increased sales of modern oral tobacco products. The
consumption of modern oral tobacco products has minimal health risks, which
leaves fewer chances of occurrence of cancer. The use of modern methods for
tobacco consumption and the adoption of attractive marketing strategies is
driving the demand for the global modern oral tobacco market.
Market players are hiring well-known celebrities
and displaying attractive advertisements on television to expand the reach of
their brand all over the globe. Leading authorities have imposed heavy exercise
duty on cigarette consumption, due to which the consumers opt for modern oral
tobacco products as to regular cigarette consumption is unaffordable. The
consumption of modern oral tobacco products is more convenient and affordable
than cigarettes, expected to boost the global modern oral tobacco market demand
in the next five years.
Nicotine pouches are the modern way of tobacco
consumption, are placed between the consumer's gum and cheeks or lips. Nicotine
gums are sold in two milligram and four-milligram varieties and after
consumption, once detected, the chewing position has to change, which makes
them last for a longer hour. Nicotine lozenges are also called tobacco
replacement alternatives, and they are in high demand among people who want to
get rid of smoking cigarettes. These are in the market under a variety of
flavors and nicotine strength levels according to the need of the consumer.
Also, nicotine toothpicks are available in the market that is infused with
nicotine and flavors.
However, the associated health risks may
restrain the growth of the global modern oral tobacco market for the next five
years.
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The global modern oral tobacco market is segmented into
nicotine content, distribution channel, regional distribution, and company.
Based on the distribution channel, the market is divided into tobacco stores,
convenience stores, online retail stores, and other distribution channels. The
tobacco stores segment is expected to hold the largest market share for the
forecast period, 2022-2026.
The easy availability of tobacco stores and the preference of
consumers to physically visit and check the variety of oral tobacco products is
driving the demand of the market. The need to get the tobacco products
instantaneously without waiting for the product to be delivered further
contributes to the market growth.
Based on the nicotine content, the market is divided into
below 10MG, 10MG to 20 MG, more than 20MG. The below 10MG category is expected
to account for a significant market share for the next five years. Modern oral
tobacco products are marketed as healthy alternatives to tobacco and comes in
attractive packaging. Nicotine pouches, nicotine lozenges, nicotine toothpicks,
and nicotine gums contain lower tobacco content and enhance the consumer's
experience.
British American Tobacco plc, Imperial Brands plc, AG Snus
Aktieselskab, Swedish Match AB, JT International AG, Ministry of Snus A/S,
Kurbits Snus AB are the leading players operating in global modern oral tobacco market.
Manufacturers are increasingly focusing on research and development process to
fuel higher growth in the market.
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“The
rise in the per capita income of the consumers and the growing urbanization is
expected to influence the sales of the global modern care tobacco market.
High-end investments by the market players in advertising and introducing new
flavors with attractive packaging are expected to fuel the market demand for
the next five years. Additionally, the availability of modern oral tobacco
products through online channels, along with the presence of lucrative
discounts and offers, free and quick delivery options, is expected to propel
the global modern oral tobacco market growth till 2026” said Mr. Karan Chechi, Research Director
with TechSci Research, a research based global management consulting firm.
“Modern Oral Tobacco Market - Global Industry Size, Share, Trends,
Opportunity and Forecast, 2016-2026 Segmented By Nicotine Content (Below 10MG,
10MG to 20 MG, More Than 20MG), By Distribution Channel (Tobacco stores,
Convenience stores, Online Retail Stores, and Other Distribution Channels) and
By Region” has evaluated the
future growth potential of global modern oral tobacco market and provided
statistics & information on market size, shares, structure and future
market growth. The report intends to provide cutting-edge market intelligence
and help decision makers take sound investment decisions. Besides, the report
also identifies and analyzes the emerging trends along with essential drivers, challenges,
and opportunities in the of global modern oral tobacco market.
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