Introduction
The smokeless tobacco market has witnessed a surge in popularity of Zyn, a nicotine pouch brand. With its discreet and convenient nature, Zyn has resonated with consumers seeking an alternative to traditional cigarettes. However, a lingering question lingers: does Philip Morris own Zyn?
To answer the question, does Philip Morris own Zyn, we must delve into the intricate partnership between Swedish Match and Philip Morris International (PMI). Swedish Match, the creator of Zyn, entered into a global distribution agreement with PMI in 2018. This strategic alliance expanded Zyn's reach to a wider global market, leveraging PMI's extensive distribution network.
Swedish Match | Philip Morris International (PMI) |
---|---|
Founded in 1868 | Founded in 1985 |
Headquarters: Stockholm, Sweden | Headquarters: Lausanne, Switzerland |
Products: Zyn, General, Swisher Sweets | Products: Marlboro, Parliament, Virginia Slims |
Global leader in snus production | Global leader in tobacco manufacturing and distribution |
Through the partnership, PMI gained access to Swedish Match's innovative snus portfolio, including Zyn. In return, Swedish Match benefited from PMI's vast resources and distribution capabilities. This synergistic alliance has played a crucial role in expanding the snus market globally.
Year | Global Snus Sales (USD) | Source |
---|---|---|
2019 | $9.1 billion | Statista |
2020 | $10.5 billion | Grand View Research |
2021 | $12.3 billion | Transparency Market Research |
Zyn has emerged as a market leader in the snus category. Its sleek design, variety of flavors, and high nicotine content have appealed to consumers seeking a discreet and satisfying nicotine experience.
Zyn Sales (USD) | Source |
---|---|
2019 | $1.5 billion |
2020 | $2.3 billion |
2021 | $3.1 billion |
To answer the question, does Philip Morris own Zyn, the partnership between Swedish Match and PMI has played a pivotal role in Zyn's global success. Through their strategic alliance, they have revolutionized the snus market, offering consumers a healthier and more convenient nicotine experience. Zyn's continued growth and popularity are a testament to the innovation and collaboration that has driven its rise.
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