Tobacco Market: Global Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis (2017-2021) and Forecast (2022-2028)

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Tobacco Market: Product Type (Cigarettes, Non- Ciagrettes), Processing Type (Processed, Unprocessed) and Geography

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Report

Description

The global tobacco market is estimated to be valued at USD 1,183.2 Billion in 2021 and is poised to grow at a significant CAGR of 4.1% over 2022-2028. Population growth and economic development, which increases customers’ purchasing power, are driving the global tobacco market. Tobacco is a plant whose leaves are dried and fermented before being used in the production of tobacco products. Nicotine is present in tobacco, which can lead to addiction, and so many people struggle to quit smoking. Based on product type, the cigarette segment is anticipated to have the highest market value in the forecasting period due to the availability of flavored and menthol cigarettes. The consumption of cigarettes has remained consistent and the availability of tiny cigarettes, which allow smokers who want to quit smoking to consume small amounts of tobacco. Cigarettes have an inelastic demand, which is one of the main reasons for the market’s development despite the high taxes imposed across the world. Rising disposable incomes and hectic lifestyles, owing to consumer belief that they reduce stress and anxiety and rising popularity of partying and pub culture among millennials and working-class communities have led to an increased demand for cigarettes in the global tobacco market.

Recent Market Developments:

In 2019, Philip Morris International introduced Multi heated-tobacco products in the United Arab Emirates. The products are available in retail stores across the country to break through adult smokers with a better alternative to conventional cigarettes.

In 2020, Eastern Company launched a new ten cigarette pack of Cleopatra Box in the Egyptian market. The packet is to be sold at the price of EGP 10.

Tobacco Market

MARKET SUMMARY
-
4.1% CAGR
  • Study Period– 2022 – 2028
  • Base Year– 2021
  • CAGR– 4.1%
  • Largest Market– Middle-East and Africa
  • Fastest Growing Market– Asia-Pacific

Tobacco Market

  • The tobacco market report gives comprehensive outlook across the region with special emphasis on key regions such as North America, Europe, Asia Pacific, Latin America and Middle East and Africa.
  • The tobacco market is segmented based on product type and geography.
Key Players
  • China National Tobacco Corporation.
  • Philip Morris International Inc.
  • British American Tobacco plc.
  • Japan Tobacco Inc.
  • Imperial Brands plc.
Tobacco Market

Dynamics

Tobacco companies market products in a variety of kid-friendly flavors, including gummy bears, berry blends, chocolate, peaches, cotton candy, strawberry, and grape among others. The market is growing due to an increase in female smokers, a robust distribution network for cigarette makers, and the appeal of flavored cigarettes. People are more likely to smoke and use alcohol because of peer pressure, which can lead to addiction in the long run. These factors have contributed to the market’s growth over the predicted period. The ease of use, cheaper cost, and pleasant taste are all important factors in increasing market income, as is the growing interest in new epidemic tobacco strains. Additionally, higher disposable incomes have resulted in an increase in demand for cigarettes in the market owing to consumer opinion that smokes decreases tension and anxiety. In comparison to other tobacco products, cigarettes may be consumed in a short period of time, disposed of with ease, and the scent can be easily hidden.


Asia-Pacific Got Significant Share

Tobacco Market

The tobacco market in the Asia Pacific is likely to hold the highest revenue share in 2021 and in the following years it is predicted to increase at a rapid rate. In Asia Pacific, China and India are likely to support market expansion in this region. In Asia's emerging countries, the number of cigarette smokers is increasing. According to the findings of the Government of India's National Family Health Survey performed in 2019-20, India's absolute number of customers is quite high, predominantly due to its huge population.

Latin America
Latin-America
North-America
North-America
Europe
Europe
Asia Pacific
Asia-Pacific
Middle East
Middle East

Key

Features of the Report

  • The tobacco market report provides granular level information about the market size, regional market share, historic market (2017-2021), and forecast (2022-2028)
  • The report covers in-detail insights about the competitor’s overview, company share analysis, key market developments, and their key strategies
  • The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
  • The report tracks recent innovations, key developments, and start-up details that are actively working in the market
  • The report provides a plethora of information about market entry strategies, regulatory framework, and reimbursement scenario
Tobacco Market Segmentation


Location

GEOGRAPHY

Frequently Asked Questions

The CAGR of the tobacco market is 4.1% over the forecast period (2022 – 2028)

 

 

Altria Group, Inc., PT Gudang Garam Tbk, Eastern Company SAE, KT&G Corp, ITC Limited

 

 

Asia Pacific is the fastest-growing region for tobacco market


Report

Table Of Content

1. Executive Summary
2. Global Tobacco Market Introduction
2.1. Global Tobacco Market – Taxonomy
2.2. Global Tobacco Market –Definitions
2.2.1. Tobacco Type
2.2.2. Processing Type
2.2.3. Region
3. Global Tobacco Market Dynamics
3.1. Drivers
3.2. Restraints
3.3. Opportunities/Unmet Needs of the Market
3.4. Trends
3.5. Global Tobacco Market Dynamic Factors – Impact Analysis
3.6. Cigarettes Market Value and Volume Analysis
4. Global Tobacco Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028
4.1. Market Analysis, 2017-2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
4.2. Year-over-Year (Y-o-Y) Growth Analysis (%)
4.3. Market Opportunity Analysis
5. Global Tobacco Market, By Tobacco Type, 2017-2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
5.1. Cigarettes
5.1.1. FCV Tobacco
5.1.1.1. Market Analysis, 2017-2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
5.1.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
5.1.1.3. Market Opportunity Analysis
5.1.2. Non- FCV Tobacco
5.1.2.1. Market Analysis, 2017-2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
5.1.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
5.1.2.3. Market Opportunity Analysis
5.2.  Non- Cigarettes
5.2.1. Market Analysis, 2017-2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
5.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
5.2.3. Market Opportunity Analysis
6. Global Tobacco Market, By Processing Type, 2017-2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
6.1. Processed
6.1.1. Market Analysis, 2017-2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
6.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.1.3. Market Opportunity Analysis
6.2. Unprocessed
6.2.1. Market Analysis, 2017-2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
6.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.2.3. Market Opportunity Analysis
7. Global Tobacco Market Forecast, By Region, 2017-2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
7.1. North America
7.1.1. Market Analysis, 2017-2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
7.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.1.3. Market Opportunity Analysis
7.2. Europe
7.2.1. Market Analysis, 2017-2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
7.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.2.3. Market Opportunity Analysis
7.3. Asia-Pacific
7.3.1. Market Analysis, 2017-2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
7.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.3.3. Market Opportunity Analysis
7.4. Middle East and Africa
7.4.1. Market Analysis, 2017-2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
7.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.4.3. Market Opportunity Analysis
7.5. Latin America
7.5.1. Market Analysis, 2017-2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
7.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.5.3. Market Opportunity Analysis
7.6. Global Tobacco Market – Opportunity Analysis Index, By Tobacco Type, Processing Type, and Region, 2022 – 2028
8. North America Tobacco Market Analysis, 2017-2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
8.1. Tobacco Type Analysis 2017-2021 and Forecast 2022 – 2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
8.1.1. Cigarettes
8.1.1.1. FCV Tobacco
8.1.1.2. Non FCV Tobacco
8.1.2. Non- Ciagrettes
8.2. Processing Type Analysis 2017-2021 and Forecast 2022 – 2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
8.2.1. Processed
8.2.2. Unprocessed
8.3. Country Analysis 2017 and Forecast 2022 – 2028 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
8.3.1. U.S.
8.3.2. Canada
8.4. North America Tobacco Market – Opportunity Analysis Index, By Tobacco Type, Processing Type, and Country, 2019-2025
8.5. North America Tobacco Market Dynamics – Trends
9. Europe Tobacco Market Analysis, 2017-2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
9.1. Tobacco Type Analysis 2017-2021 and Forecast 2022 – 2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
9.1.1. Cigarettes
9.1.1.1. FCV Tobacco
9.1.1.2. Non FCV Tobacco
9.1.2. Non- Ciagrettes
9.2. Processing Type Analysis 2017-2021 and Forecast 2022 – 2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
9.2.1. Processed
9.2.2. Unprocessed
9.3. Country Analysis 2017-2021 and Forecast 2022 – 2028 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
9.3.1. Germany
9.3.2. UK
9.3.3. Spain
9.3.4. Italy
9.3.5. France
9.3.6. Rest of Europe
9.4. Europe Tobacco Market – Opportunity Analysis Index, By Tobacco Type, Processing Type, and Country, 2019-2025
9.5. Europe Tobacco Market Dynamics – Trends
10. Asia-Pacific Tobacco Market Analysis, 2017-2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
10.1. Tobacco Type Analysis 2017-2021 and Forecast 2022 – 2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
10.1.1. Cigarettes
10.1.1.1. FCV Tobacco
10.1.1.2. Non FCV Tobacco
10.1.2. Non- Ciagrettes
10.2. Processing Type Analysis 2017-2021 and Forecast 2022 – 2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
10.2.1. Processed
10.2.2. Unprocessed
10.3. Country Analysis 2017-2021 and Forecast 2022 – 2028 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
10.3.1. Japan
10.3.2. China
10.3.3. India
10.3.4. Australia and New Zealand
10.3.5. Rest of Asia-Pacific
10.4. Asia-Pacific Tobacco Market – Opportunity Analysis Index, By Tobacco Type, Processing Type, and Country, 2019-2025
10.5. Asia-Pacific Tobacco Market Dynamics – Trends
11. Latin America Tobacco Market Analysis, 2017-2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
11.1. Tobacco Type Analysis 2017-2021 and Forecast 2022 – 2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
11.1.1. Cigarettes
11.1.1.1. FCV Tobacco
11.1.1.2. Non FCV Tobacco
11.1.2. Non- Ciagrettes
11.2. Processing Type Analysis 2017-2021 and Forecast 2022 – 2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
11.2.1. Processed
11.2.2. Unprocessed
11.3. Country Analysis 2017-2021 and Forecast 2022 – 2028 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
11.3.1. Brazil
11.3.2. Mexico
11.3.3. Rest of Latin America
11.4. Latin America Tobacco Market – Opportunity Analysis Index, By Tobacco Type, Processing Type, and Country, 2019-2025
11.5. Latin America Tobacco Market Dynamics – Trends
12. Middle East and Africa Tobacco Market Analysis, 2017-2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
12.1. Tobacco Type Analysis 2017-2021 and Forecast 2022 – 2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
12.1.1. Cigarettes
12.1.1.1. FCV Tobacco
12.1.1.2. Non FCV Tobacco
12.1.2. Non- Ciagrettes
12.2. Processing Type Analysis 2017-2021 and Forecast 2022 – 2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
12.2.1. Processed
12.2.2. Unprocessed
12.3. Country Analysis 2017-2021 and Forecast 2022 – 2028 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
12.3.1. Saudi Arabia
12.3.2. South Africa
12.3.3. Rest of MEA
12.4. Middle East and Africa Tobacco Market – Opportunity Analysis Index, By Tobacco Type, Processing Type, and Country, 2019-2025
12.5. Middle East and Africa Tobacco Market Dynamics – Trends
13. Competition Landscape 
13.1. Strategic Dashboard of Top Market Players
13.2. Company Profiles (Introduction, Financial Analysis, Drug Class & Service Offerings, Key Developments, Strategies, and SWOT Analysis)
13.2.1. Alliance One International
13.2.2. Univerasal Corporation
13.2.3. Tribac Group (JTI)
13.2.4. Star Tobacco International
13.2.5. Golden Leaf Tobacco
13.2.6. Associated Tobacco Company Limited
13.2.7. Global Leaf Tobacco Company Limited
14. Research Methodology
15. Key Assumptions and Acronyms
Disclaimer
The above mentioned segmentation is tentative; it is changed according to client’s requirement, or research feasibility.

Report

Company Profile

  • China National Tobacco Corporation
  • British American Tobacco plc
  • Philip Morris International Inc.
  • Eastern Company SAE
  • PT Gudang Garam Tbk
  • Imperial Brands plc
  • Japan Tobacco Inc.
  • Altria Group, Inc.
  • ITC Limited
  • KT&G Corp

Description

The global tobacco market is estimated to be valued at USD 1,183.2 Billion in 2021 and is poised to grow at a significant CAGR of 4.1% over 2022-2028. Population growth and economic development, which increases customers’ purchasing power, are driving the global tobacco market. Tobacco is a plant whose leaves are dried and fermented before being used in the production of tobacco products. Nicotine is present in tobacco, which can lead to addiction, and so many people struggle to quit smoking. Based on product type, the cigarette segment is anticipated to have the highest market value in the forecasting period due to the availability of flavored and menthol cigarettes. The consumption of cigarettes has remained consistent and the availability of tiny cigarettes, which allow smokers who want to quit smoking to consume small amounts of tobacco. Cigarettes have an inelastic demand, which is one of the main reasons for the market’s development despite the high taxes imposed across the world. Rising disposable incomes and hectic lifestyles, owing to consumer belief that they reduce stress and anxiety and rising popularity of partying and pub culture among millennials and working-class communities have led to an increased demand for cigarettes in the global tobacco market.

Recent Market Developments:

In 2019, Philip Morris International introduced Multi heated-tobacco products in the United Arab Emirates. The products are available in retail stores across the country to break through adult smokers with a better alternative to conventional cigarettes.

In 2020, Eastern Company launched a new ten cigarette pack of Cleopatra Box in the Egyptian market. The packet is to be sold at the price of EGP 10.

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