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2021
Tobacco Market

Tobacco Market

by Type (Virginia, Burley, Nicotiana Rustica, Oriental, and Others), Product (Cigar, Cigarette, Kretek, Snuff, and Others), and Distribution Channel (Hypermarkets & Supermarkets, Convenience Stores, Specialty Stores, and Online Sales Channel): Global Opportunity Analysis and Industry Forecast 2021-2027
Update Available On-Demand

Report Code: A11180
Pages: 289
May 2021 | 9458 Views
Author(s) : Aniket K , Roshan D
Tables: 141
Charts: 77
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The global tobacco market size was valued at $183.1 billion in 2019, and is estimated to reach $262.8 billion by 2027, registering a CAGR of 6.7% from 2021 to 2027. 

Tobacco is a plant native to the Americas and was historically one of the most important crops grown by American farmers. It is one of the most widely used addictive substances in the world. Tobacco refers to any of the plants in the genus Nicotiana (particularly Nicotiana tabacum), which are native to tropical America and widely cultivated for their leaves, which are dried and processed primarily for smoking in pipes, cigarettes, and cigars. It is also cut to form chewing tobacco or grind to make snuff or dipping tobacco as well as other less common preparations.

Tobacco-Market-2021-2027

Nicotiana is the genus of herbs that includes many tobacco species. It is a member of the nightshade (Solanaceae) family, which is native to North and South America, Australia, South West Africa, and South Pacific. Majority of nightshades contain varying amounts of nicotine, a potent neurotoxin to insects. On the other hand, tobacco has a much higher concentration of nicotine than the others. It does not contain tropane alkaloids, which are often poisonous to humans and other animals, unlike many other Solanaceae species.

Tobacco comes in a variety of forms such as cigarettes, pipe tobacco, chewing tobacco, and snuff. Nicotine can also be found in non-tobacco products such as gum, patches, and other smoking cessation aids.

Tobacco contains harmala alkaloids as well as the highly addictive stimulant alkaloid nicotine. In recent years, the tobacco market growth has been driven by the availability of high-quality tobacco products, rising average disposable income among the general public, and critical marketing tactics employed by the key market players.

Large tobacco companies have entered the electronic cigarette market by either purchasing small e-cigarette companies or starting their own. All of the major multinational tobacco companies entered the e-cigarette market in 2014. They accomplished this by either purchasing existing e-cigarette companies or developing their own products. 

The demand for tobacco products is not as high as the demand for many other consumer products. Research has consistently shown that increase in a variety of tobacco products are followed by a moderate increase in both the percentage of people who smoke and the percentage of people who buy other types of products. The advertising strategy in a variety of interesting tactics has aided in significant advancements and proven to be a means of remaining competitive and maintaining the market share. People have generally perceived tobacco as an important part of their lives over the last decade.

Furthermore, increase in the average disposable income of majority of the population has resulted in an increase in tobacco sales. This is expected to surge the demand for tobacco and propel the market growth during the forecast period.

On the other hand, tobacco causes a large number of diseases and deaths each year. As a result, governments have taken steps to reduce tobacco sales and levied various taxes on tobacco products. Therefore, this is expected to impede the market growth during the forecast period.

Tobacco has become an essential part of the socio-cultural environment over the years, particularly in the world's eastern, northern, and north-eastern regions. This is one of the tobacco market opportunity which will help in growth and development of the market. A relatively higher rate of income growth compensates for rising cigarette prices, leading to increased consumption. Furthermore, societal influences, such as peer pressure, help to surge the demand for tobacco products. These are critical factors and tobacco market trends driving the market expansion.

Tobacco Market
By Type

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Burley segment is expected to grow at highest CAGR of 7.9% during the forecast period

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Cigarette taxes are among the highest in the world. As a result, high tax rates make cigarettes unaffordable to a large segment of the population. Therefore, turn to other forms of smokeless tobacco. Thus, the global tobacco market is growing slowly.

Nicotine addiction is difficult to overcome. Teenagers who use nicotine frequently are expected to use other tobacco products. Young people are especially vulnerable to cigarette use. Various negative effects of nicotine have been researched all over the world. As a result, governments are imposing strict regulations on tobacco sales. Mexico, France, Turkey, South Korea, Brazil, South Africa, and the UAE have recently announced a ban on the online sale of tobacco products.

Tobacco Market
By Product

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Cigarette segment is expected to grow at highest CAGR of 8.0% during the forecast period.

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People who smoke heavily or have tobacco addiction have been identified as the most vulnerable group to illnesses such as Severe Acute Respiratory Syndrome (SARS), Middle East Respiratory Syndrome Coronavirus (MERS-CoV), cardiovascular disease, and other pulmonary diseases. Attributed to the nature of these diseases, the COVID-19 pandemic had a significant negative impact on the tobacco industry. It is a deadly viral infectious disease that attacks the lungs and severely impairs breathing. As a result of the health risks associated with smokeless and smoke products, the industry is receiving negative attention.

The global tobacco market is segmented on the basis of type, product, distribution channel, and region. On the basis of type, the tobacco market is categorized into virginia, burley, nicotiana rustica, oriental, and others. As per product, tobacco market is divided into cigar, cigarette, kretek, snuff, and others. According to distribution channel, tobacco market is fragmented into hypermarkets & supermarkets, convenience stores, specialty stores, and online sales channel. Region-wise, the tobacco market is analyzed across North America, Europe, Asia-Pacific, and LAMEA. By considering these segments, the tobacco market analysis is done effectively.  

Tobacco Market
By Distribution Channel

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Specialty Stores segment is expected to grow at highest CAGR of 7.9% during the forecast period.

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The tobacco market forecast is accomplished by considering fastest growing and largest segments. By type, the burley segment garnered the highest tobacco market share in 2019, as burley tobacco is consumed by various countries such as Brazil, Malawi and Argentina. On the basis of product, the cigarette segment is anticipated to dominate the market with the highest share during the forecast period. This is attributed to product innovation of cigarette in terms of flavor and size. Depending on distribution channel, the specialty stores segment led the tobacco market in 2019. This is attributed to the fact that specialty stores provide options such as discounts as well as the convenience of immediate satisfaction. Region-wise, Asia-Pacific is expected to dominate the market. Tobacco-based products’ sales are one of the most consistent sources of tax revenue for governments in tobacco market of Asia-Pacific.

The prominent participants in tobacco industry include Altria Group, British American Tobacco, Eastern Co. SAE, Imperial Brands, ITC Ltd., Japan Tobacco International, KT&G, PT Gudang Garam Tbk, Scandinavian Tobacco Group, and Swisher. 

Tobacco Market
By Regions

2027
Asia-pacific 
North America
Europe
Lamea

Asia-Pacific dominates the market and is expected to grow at highest CAGR of 7.4% during the forecast period.

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Key Benefits For Stakeholders

  • This report provides a quantitative analysis of the current trends, estimations, and dynamics of the global tobacco market from 2021 to 2027 to identify the prevailing market opportunities.
  • Porter’s five forces analysis highlights the potency of buyers and suppliers to enable stakeholders to make profit-oriented business decisions and strengthen their supplier–buyer network.
  • In-depth analysis of the market segmentation assists to determine the prevailing market opportunities.
  • Major countries in each region are mapped according to their revenue contribution to the global industry. 
  • The market player positioning segment facilitates benchmarking while providing a clear understanding of the present position of the key market players.
  • The report includes analyses of the regional as well as global market, key players, market segments, application areas, and growth strategies.

Key Market Segments

By Type

  • Virginia
  • Burley
  • Nicotiana Rustica
  • Oriental
  • Others

By Product

  • Cigar
  • Cigarette
  • Kretek
  • Snuff
  • Others

By Distribution Channel

  • Hypermarkets & Supermarkets
  • Convenience Stores
  • Specialty Stores
  • Online Sales Channel

By Region

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe 
    • UK
    • France
    • Netherlands
    • Germany
    • Turkey
    • Rest of Europe
  • Asia-Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Rest of Asia-Pacific
  • LAMEA
    • Brazil
    • South Africa
    • UAE
    • Rest of LAMEA
 

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Tobacco is extracted from its leaves, which are dried and fermented before being used to make tobacco products. Tobacco contains nicotine, an ingredient that can lead to addiction, due to which many smokers struggle to quit.

The key factors driving the growth of the global tobacco market are rise in smoking rates and stable demand for tobacco products. Despite stringent regulations and restrictions aimed at reducing tobacco consumption in various countries, the tobacco market is expected to grow over the forecast period due to rise in prices.

Tobacco is a significant source of tax revenue for governments across the world. Attributed to tax regulatory environments, developing economies are now supporting the market growth. Cigarettes have been identified as the most popular tobacco product due to a variety of factors such as convenience and cost-effectiveness as compared to other types of tobacco products.

The tobacco market is consolidated, with a few large players accounting for a considerable share of the global market. Moreover, new entrants in the tobacco market are discouraged by regulatory barriers.

Asia-Pacific, led by China and India, is one of the world's largest producers and consumers of tobacco. The region is home to some of the world's largest tobacco companies, including Japan Tobacco Inc., PT Gudang Garam Tbk, and ITC Limited. China is the region's largest market, with a sizable proportion of its population using tobacco products. 

The inclusion of tobacco taxes in regulations in countries, such as India, ban on consumption of tobacco products in public places, and rise in availability of tobacco products in modern retail outlets in the region are factors that are actively affecting the growth of the tobacco market.

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FREQUENTLY ASKED QUESTIONS?

A. The global tobacco market size was valued at $183.1 billion in 2019, and is estimated to reach $262.8 billion by 2027, registering a CAGR of 6.7% from 2021 to 2027. The market value of Tobacco Market Report is $5,769 for single user pdf.

A. The top companies operating in the global tobacco market are Altria Group, British American Tobacco, Eastern Co. SAE, Imperial Brands, ITC Ltd., Japan Tobacco International, KT&G, PT Gudang Garam Tbk, Scandinavian Tobacco Group and Swisher.

A. The sample report of global shrimp market is available on Allied Market Research website on request.

A. The CAGR of Tobacco Market is 6.7% from 2021 to 2027.

A. The base year calculated in the Tobacco Market report is 2019.

A. The global tobacco market is segmented on the basis of type, product, distribution channel, and region. On the basis of type, the market is categorized into virginia, burley, nicotiana rustica, oriental, and others. As per product, it is divided into cigar, cigarette, kretek, snuff, and others. According to distribution channel, the tobacco market is fragmented into hypermarkets & supermarkets, convenience stores, specialty stores, and online sales channel. Region wise, the market is analyzed across North America (the U.S., Canada, and Mexico), Europe (the UK, France, the Netherlands, Germany, Turkey, and rest of Europe), Asia-Pacific (China, Japan, India, South Korea, Australia, and rest of Asia-Pacific), and LAMEA (Brazil, South Africa, the United Arab Emirates, and rest of LAMEA).

A. The forecast period of the tobacco market in the report is 2021-2027.

A. Asia-Pacific holds the maximum market share of the Tobacco Market.

A. Businesses are expected to suffer as a result of the COVID-19 pandemic throughout 2020 and into 2021. However, the tobacco products market is expected to recover from the shock over the forecast period because it is an unpredictable event unrelated to ongoing or fundamental weaknesses in the market or the global economy.

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