Cigarette Market Size, Share, Key Players, Demand, Growth, Analysis, Research Report 2021-2026
The new report by Expert Market Research titled, ‘Global Cigarette Market Report and Forecast 2021-2026’, gives an in-depth analysis of the global cigarette market, assessing the market based on its segments like type, distribution channels and major regions like North America, Europe, Asia Pacific, Latin America, Middle East and Africa. The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.
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The key highlights of the report include:
Market Overview (2021-2026)
Historical Market Size (2020): USD 960.69 billion.
Forecast CAGR (2021-2026): 3.3 %
Forecast Market Size (2026): USD 1130.02 billion.
Changing lifestyles, constant product innovation in terms of flavour, size, ingredients, and nicotine dosage, and customer opinion that smoking decreases stress and anxiety are some of the primary reasons driving the global cigarette market. Furthermore, factors such as increased consumer education and awareness of products and services through digital media and other sources, as well as the advent of social media, are educating customers about the benefits of organic products. As a result, demand for organic and herbal cigarettes is increasing. Furthermore, companies supplying these products are increasing their spending in R&D, marketing, and expanding their distribution channels in order to maintain their market position.
Industry Definition and Major Segments
Cigarettes are presently being viewed as one of the most prevalent techniques of smoking in many places of the world. The word cigarette takes its origin from the French word “cigarette” which means little cigar. The majority of modern produced cigarettes are filtered and contain reconstituted tobacco as well as other additives. Cigarette smoking rates vary greatly and have evolved dramatically throughout history. While smoking rates in affluent countries have levelled off or fallen over time, they continue to climb in emerging countries.
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Based on type, the market is bifurcated into:
Based on distributional channel, the market is categorised into:
Supermarkets and hypermarkets
On the basis of regional markets, the industry is divided into:
1 North America
1.1 United States of America
2.2 United Kingdom
3 Asia Pacific
4 Latin America
5 Middle East & Africa
5.1 Saudi Arabia
5.2 United Arab Emirates
5.4 South Africa
The growing number of female smokers, cigarette manufacturers’ extensive distribution networks, and the appeal of flavoured cigarettes all contribute to market growth. Flavored tobacco products are gaining popularity and have grown much more common in recent years around the world. In addition to menthol cigarettes, these goods include flavoured smokeless tobacco, e-cigarettes, small cigars and cigarillos, large cigars, hookah, and dissolvable cigars. They are available in a wide range of flavours, including confectionery flavours, alcoholic beverages, and herbs and spices.
Key Market Players
The major players in the market are Phillip Morris International, British American Tobacco, Japan Tobacco International, Imperial Brands PLC, among others. The report covers the market shares, capacities, plant turnarounds, expansions, investments, mergers and acquisitions, among other latest developments of these market players.
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Note 2: As the novel coronavirus (COVID-19) continues to spread across the world, our analysts are constantly tracking the impact of this rapidly evolving situation on the markets and the consumer purchase behaviours. Thus, our latest estimates and analysis about the current market trends and forecast will exhaustively reflect the effects of this emerging pandemic.
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*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.
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