Latin America Snus Market Size & Outlook, 2023-2030
Latin America snus market, 2018-2030 (US$M)
Related Markets
Latin America snus market highlights
- The Latin America snus market generated a revenue of USD 53.5 million in 2023.
- The market is expected to grow at a CAGR of 6.4% 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.
- Country-wise, Argentina is expected to register the highest CAGR from 2024 to 2030.
Latin America data book summary
| Market revenue in 2023 | USD 53.5 million |
| Market revenue in 2030 | USD 82.4 million |
| Growth rate | 6.4% (CAGR from 2023 to 2030) |
| Largest segment | Portion |
| Fastest growing segment | Portion |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 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, Latin America region accounted for 1.8% of the global snus market in 2023.
- Globally, Europe is projected to lead the regional market in terms of revenue in 2030.
- MEA is the fastest growing regional market and is projected to reach USD 121.4 million by 2030.
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Snus Market Scope
Snus Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Latin America 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 82.99% in 2023. Horizon Databook has segmented the Latin America snus market based on loose, portion covering the revenue growth of each sub-segment from 2018 to 2030.
The convenience and discreetness of snus products make them particularly appealing to consumers in Central and South America. Snus can be used discreetly without producing smoke or odor, making it suitable for various social settings where smoking may be restricted or frowned upon.
This convenience factor aligns well with the lifestyle preferences of many individuals in the region, contributing to the rising demand for snus products.
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Target buyers of Latin America snus market databook
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Our clientele includes a mix of snus market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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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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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of continent-level data and insights on the Latin America snus market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America snus market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
Latin America snus market size, by country, 2018-2030 (US$M)
Latin America Snus Market Outlook Share, 2023 & 2030 (US$M)
Related regional statistics
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