Bangladesh Snus Market Size & Outlook, 2023-2030
Bangladesh snus market, 2018-2030 (US$M)
Related Markets
Bangladesh snus market highlights
- The Bangladesh snus market generated a revenue of USD 7.1 million in 2023 and is expected to reach USD 15.9 million by 2030.
- The Bangladesh market is expected to grow at a CAGR of 12.1% 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 7.1 million |
| Market revenue in 2030 | USD 15.9 million |
| Growth rate | 12.1% (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, Bangladesh 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 Asia Pacific, China snus market is projected to lead the regional market in terms of revenue in 2030.
- Bangladesh is the fastest growing regional market in Asia Pacific and is projected to reach USD 15.9 million by 2030.
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Snus Market Scope
Snus Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Bangladesh 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 84.51% in 2023. Horizon Databook has segmented the Bangladesh snus market based on loose, portion covering the revenue growth of each sub-segment from 2018 to 2030.
Changing consumer preferences and habits plays a significant role. As awareness about the health risks associated with smoking increases, some consumers may be seeking alternatives to traditional tobacco products like cigarettes.
Snus, being a smokeless tobacco product, might appeal to individuals looking for a potentially less harmful way to consume nicotine. According to an article published by the National Library of Medicine in October 2021.
smokeless tobacco consumption is pervasive in Bangladesh, with more than 20% of adults regularly using some form of smokeless tobacco product. This prevalence surpasses the use of combustible tobacco among both adults and adolescents within the country.
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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 Bangladesh snus market , including forecasts for subscribers. This country databook contains high-level insights into Bangladesh snus market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Bangladesh snus market size, by product, 2018-2030 (US$M)
Bangladesh Snus Market Outlook Share, 2023 & 2030 (US$M)
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