Argentina Snus Market Size & Outlook, 2023-2030
Argentina snus market, 2018-2030 (US$M)
Related Markets
Argentina snus market highlights
- The Argentina snus market generated a revenue of USD 5.6 million in 2023 and is expected to reach USD 9.2 million by 2030.
- The Argentina market is expected to grow at a CAGR of 7.5% from 2024 to 2030.
- In terms of segment, portion was the largest revenue generating product in 2023.
- Portion is the most lucrative product segment registering the fastest growth during the forecast period.
Snus market data book summary
| Market revenue in 2023 | USD 5.6 million |
| Market revenue in 2030 | USD 9.2 million |
| Growth rate | 7.5% (CAGR from 2023 to 2030) |
| Largest segment | Portion |
| Fastest growing segment | Portion |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Loose, Portion |
| Key market players worldwide | Altria Group Inc, Swedish Match, British American Tobacco, GN Tobacco, snuscentral, Skruf Snus |
Other key industry trends
- In terms of revenue, Argentina accounted for 0.2% of the global snus market in 2023.
- Country-wise, Sweden is expected to lead the global market in terms of revenue in 2030.
- In Latin America, Brazil snus market is projected to lead the regional market in terms of revenue in 2030.
- Argentina is the fastest growing regional market in Latin America and is projected to reach USD 9.2 million by 2030.
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Snus Market Scope
Snus Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Argentina snus market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to snus market will help companies and investors design strategic landscapes.
Portion was the largest segment with a revenue share of 85.71% in 2023. Horizon Databook has segmented the Argentina snus market based on loose, portion covering the revenue growth of each sub-segment from 2018 to 2030.
According to the Global State of Tobacco Harm Reduction, like Brazil, snus is legal in Argentina and also marketed in the country. Snus, a smokeless tobacco product, is often perceived as a safer alternative to cigarettes due to its lower risk of causing lung cancer and respiratory issues.
As more Argentinians become health-conscious, they may be seeking alternatives to smoking; snus could fill that niche. According to the Foundation for a Smoke-Free World, as of 2022, approximately 8.2 million adults aged 15 and above in Argentina used tobacco products.
This makes Argentina the 24th country globally and the 4th within the WHO Americas Region in terms of tobacco user numbers. This bodes well for the snus market.
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Our clientele includes a mix of snus market companies, investment firms, advisory firms & academic institutions.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of country-level data and insights on the Argentina snus market , including forecasts for subscribers. This country databook contains high-level insights into Argentina snus market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Argentina snus market size, by product, 2018-2030 (US$M)
Argentina Snus Market Outlook Share, 2023 & 2030 (US$M)
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