Tobacco Market

Tobacco Market Will Reach US$ 1,076.90 Bn by 2030

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The global Tobacco market size is expected to be worth around US$ 1,076.90 billion by 2030, according to a new report by Vision Research Reports.

The global Tobacco market size was valued at US$ 932.15 billion in 2020 and is anticipated to grow at a CAGR of 1.10% during forecast period 2021 to 2030.

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Growth Factors

The shifting preference among youngsters and the working-class population toward tobacco products, including cigars and next-generation products, is crucial for the market growth. Moreover, growing student spending on tobacco products across the globe is expected to offer new avenues for the growth of the market over the forecast period.

The popularity of products, such as cigarettes and cigars and cigarillos, is increasing significantly in the U.S. For instance, according to the Centers for Disease Control and Prevention, the use of tobacco and related products among the U.S. youth is growing at a steady rate. About 1 in 4 school students and 1 in 14 high school students consumed tobacco-containing products in 2018.

The consumption of tobacco products and hand-rolled cigarettes is also increasing among females in the U.S. For instance, according to the Centers for Disease Control and Prevention, in 2018, about 13.7% (nearly 34.2 million people) of the total U.S. population smoked cigarettes. Moreover, approximately 12% of the total U.S. female population aged 18 years or above, smoked cigarettes. This factor is boosting the demand for tobacco and related products in the country.

Report Highlights

Cigarettes held the largest share of more than 75.0% in 2020. Over the past few years, the popularity of growing partying and pubbing culture among millennials and working-class populations has propelled the demand for various flavored and unflavored cigarettes across the globe. In addition to this, emerging economies such as India, Thailand, and China are witnessing a decent rise in cigarette demand due to rising youngsters in these countries.

The next-generation tobacco products segment is anticipated to be the fastest-growing segment with a CAGR of 2.8% from 2021 to 2028. Rising consumer preference for less harmful tobacco products over cigarettes can be attributed to the growing need to live a healthy lifestyle. This has driven the demand for the consumption of next-generation products in the tobacco sector. The North American market is gaining momentum and is anticipated to witness promising growth in the demand for next-generation products owing to the increasing consumer disposable income, rising number of product launches, and the availability of superior-quality products.

Asia Pacific emerged as the largest regional market with a share of more than 35.0% in 2020. Improvement in retail infrastructure and extensive brand campaigns by leading tobacco manufacturing firms, including Philip Morris International and British American Tobacco, in key markets, including China, Bangladesh, India, and the Philippines, are expected to remain favorable factors for the market growth in this region. Furthermore, the industry participants are targeting the consumers by launching flavored cigarettes, which are popular among consumers, particularly youth and millennials.

The Middle East and Africa region is anticipated to be the fastest-growing regional market with a CAGR of 3.0% from 2021 to 2028. The region has been witnessing consistent growth in the adoption of tobacco consumption. Egyptian adolescents make a significant proportion of this consumer segment. A significant factor contributing to the adoption of these products is the relatively low prices of tobacco products in Egypt.

Key Players

  • Pyxus International, Inc.
  • Swedish Match AB
  • Altria Group, Inc.
  • Korea Tobacco & Ginseng Corporation
  • Imperial Brands
  • Philip Morris International
  • British American Tobacco
  • Japan Tobacco Inc.
  • Scandinavian Tobacco Group
  • ITC Limited
  • China National Tobacco Corporation

Market Segmentation

  • Product Outlook 
    • Smokeless
    • Cigarettes
    • Cigar & Cigarillos
    • Next Generation Products
    • Waterpipes
    • Others
  • Regional Outlook 
    • North America
      • U.S.
    • Europe
      • Turkey
      • Russia
    • Asia Pacific
      • China
      • India
    • Central & South America
      • Brazil
    • Middle East & Africa
      • Egypt

Table of Contents

Chapter 1.  Introduction

1.1.  Research Objective

1.2.  Scope of the Study

1.3.  Definition

Chapter 2.  Research Methodology

2.1.  Research Approach

2.2.  Data Sources

2.3.  Assumptions & Limitations

Chapter 3.  Executive Summary

3.1.  Market Snapshot

Chapter 4.  Market Variables and Scope

4.1.  Introduction

4.2.  Market Classification and Scope

4.3.  Industry Value Chain Analysis

4.3.1.    Raw Material Procurement Analysis

4.3.2.    Sales and Distribution Channel Analysis

4.3.3.    Downstream Buyer Analysis

Chapter 5.  Market Dynamics Analysis and Trends

5.1.  Market Dynamics

5.1.1.    Market Drivers

5.1.2.    Market Restraints

5.1.3.    Market Opportunities

5.2.  Porter’s Five Forces Analysis

5.2.1.    Bargaining power of suppliers

5.2.2.    Bargaining power of buyers

5.2.3.    Threat of substitute

5.2.4.    Threat of new entrants

5.2.5.    Degree of competition

Chapter 6.  Competitive Landscape

6.1.1.    Company Market Share/Positioning Analysis

6.1.2.    Key Strategies Adopted by Players

6.1.3.    Vendor Landscape

6.1.3.1.        List of Suppliers

6.1.3.2.        List of Buyers

Chapter 7.  Global Tobacco Market, By Product

7.1.  Tobacco Market, by Product, 2020-2030

7.1.1.    Smokeless

7.1.1.1.        Market Revenue and Forecast (2016-2030)

7.1.2.    Cigarettes

7.1.2.1.        Market Revenue and Forecast (2016-2030)

7.1.3.    Cigar & Cigarillos

7.1.3.1.        Market Revenue and Forecast (2016-2030)

7.1.4.    Next Generation Products

7.1.4.1.        Market Revenue and Forecast (2016-2030)

7.1.5.    Waterpipes

7.1.5.1.        Market Revenue and Forecast (2016-2030)

7.1.6.    Others

7.1.6.1.        Market Revenue and Forecast (2016-2030)

Chapter 8.  Global Tobacco Market, Regional Estimates and Trend Forecast

8.1.  North America

8.1.1.    Market Revenue and Forecast, by Product (2016-2030)

8.1.2.    U.S.

8.1.3.    Rest of North America

8.1.3.1.        Market Revenue and Forecast, by Product (2016-2030)

8.2.  Europe

8.2.1.    Market Revenue and Forecast, by Product (2016-2030)

8.2.2.    UK

8.2.2.1.        Market Revenue and Forecast, by Product (2016-2030)

8.2.3.    France

8.2.3.1.        Market Revenue and Forecast, by Product (2016-2030)

8.2.4.    Rest of Europe

8.2.4.1.        Market Revenue and Forecast, by Product (2016-2030)

8.3.  APAC

8.3.1.    Market Revenue and Forecast, by Product (2016-2030)

8.3.2.    India

8.3.2.1.        Market Revenue and Forecast, by Product (2016-2030)

8.3.3.    China

8.3.3.1.        Market Revenue and Forecast, by Product (2016-2030)

8.3.4.    Japan

8.3.4.1.        Market Revenue and Forecast, by Product (2016-2030)

8.3.5.    Rest of APAC

8.3.5.1.        Market Revenue and Forecast, by Product (2016-2030)

8.4.  MEA

8.4.1.    Market Revenue and Forecast, by Product (2016-2030)

8.4.2.    GCC

8.4.2.1.        Market Revenue and Forecast, by Product (2016-2030)

8.4.3.    North Africa

8.4.3.1.        Market Revenue and Forecast, by Product (2016-2030)

8.4.4.    South Africa

8.4.4.1.        Market Revenue and Forecast, by Product (2016-2030)

8.4.5.    Rest of MEA

8.4.5.1.        Market Revenue and Forecast, by Product (2016-2030)

8.5.  Latin America

8.5.1.    Market Revenue and Forecast, by Product (2016-2030)

8.5.2.    Brazil

8.5.2.1.        Market Revenue and Forecast, by Product (2016-2030)

8.5.3.    Rest of LATAM

8.5.3.1.        Market Revenue and Forecast, by Product (2016-2030)

Chapter 9.    Company Profiles

9.1.  Pyxus International, Inc.

9.1.1.    Company Overview

9.1.2.    Product Offerings

9.1.3.    Financial Performance

9.1.4.    Recent Initiatives

9.2.  Swedish Match AB

9.2.1.    Company Overview

9.2.2.    Product Offerings

9.2.3.    Financial Performance

9.2.4.    Recent Initiatives

9.3.  Altria Group, Inc.

9.3.1.    Company Overview

9.3.2.    Product Offerings

9.3.3.    Financial Performance

9.3.4.    Recent Initiatives

9.4.  Korea Tobacco & Ginseng Corporation

9.4.1.    Company Overview

9.4.2.    Product Offerings

9.4.3.    Financial Performance

9.4.4.    Recent Initiatives

9.5.  Imperial Brands

9.5.1.    Company Overview

9.5.2.    Product Offerings

9.5.3.    Financial Performance

9.5.4.    Recent Initiatives

9.6.  Philip Morris International

9.6.1.    Company Overview

9.6.2.    Product Offerings

9.6.3.    Financial Performance

9.6.4.    Recent Initiatives

9.7.  British American Tobacco

9.7.1.    Company Overview

9.7.2.    Product Offerings

9.7.3.    Financial Performance

9.7.4.    Recent Initiatives

9.8.  Japan Tobacco Inc.

9.8.1.    Company Overview

9.8.2.    Product Offerings

9.8.3.    Financial Performance

9.8.4.    Recent Initiatives

9.9.  Scandinavian Tobacco Group

9.9.1.    Company Overview

9.9.2.    Product Offerings

9.9.3.    Financial Performance

9.9.4.    Recent Initiatives

9.10.              ITC Limited

9.10.1.  Company Overview

9.10.2.  Product Offerings

9.10.3.  Financial Performance

9.10.4.  Recent Initiatives

9.11.              China National Tobacco Corporation

9.11.1.  Company Overview

9.11.2.  Product Offerings

9.11.3.  Financial Performance

9.11.4.  Recent Initiatives

Chapter 10.  Research Methodology

10.1.              Primary Research

10.2.              Secondary Research

10.3.              Assumptions

Chapter 11.  Appendix

11.1.              About Us

11.2.              Glossary of Terms

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