Overview and Scope
The smoking and other tobacco products refer to the products that produce loose tobacco such as chewing tobacco, dissolvable tobacco, which is used in pipes, roll-your-own (ROY) cigarettes, make-your-own (MOY) cigarettes, and other tobacco products.
Sizing and Forecast
The smoking and other tobacco products market size has grown strongly in recent years. It will grow from $23.43 billion in 2023 to $24.65 billion in 2024 at a compound annual growth rate (CAGR) of 5.2%. The growth in the historic period can be attributed to tobacco industry dominance, consumer habit and addiction, cultural and social traditions, effective marketing and branding, tobacco taxation and regulation.
The smoking and other tobacco products market size is expected to see steady growth in the next few years. It will grow to $29.75 billion in 2028 at a compound annual growth rate (CAGR) of 4.8%. The growth in the forecast period can be attributed to health-conscious consumer preferences, reduced smoking prevalence, regulations and packaging changes, alternative products and harm reduction, global market expansion. Major trends in the forecast period include e-cigarettes and vaping, smokeless and snus products, nicotine replacement therapies, reduced nicotine and low-tar products, menthol and flavored tobacco.
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Segmentation & Regional Insights
The smoking and other tobacco products market covered in this report is segmented –
1) By Type: Other Smokeless Tobacco, Loose Tobacco
2) By Product Type: Combustible Tobacco, Smokeless Tobacco
3) By Flavor: No Flavor, Flavored
4) By Distribution Channel: Supermarkets/Hypermarkets, Convenience Stores, E-Commerce, Other Distribution Channels
Subsegments Covered : Mass, Premium
Top Major Players:
Philip Morris International Inc.I
mperial Tobacco PLC
Altria Group Inc.
British American Tobacco PLC
Japan Tobacco Inc
Asia-Pacific was the largest region in the smoking and other tobacco products market in 2023.
Asia-Pacific was the largest region in the smoking and other tobacco products market in 2023. Western Europe was the second-largest region in the smoking and other tobacco products market. The regions covered in the smoking and other tobacco products market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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Major Driver Impacting Market Growth
Changing lifestyles of people, especially in the emerging markets, will propel the smoking and other tobacco products market in the forecast period. For instance, according to the World Health Organization report published in 2021, each year, tobacco destroys more than 8 million individuals. Moreover, 7 million of these deaths are caused by direct tobacco use, whereas 1.2 million are caused by non-smokers inhaling second-hand smoke. Low-and middle-income nations account for more than 80% of the world’s 1.3 billion tobacco consumers. In emerging markets, fast-paced lifestyles, an expanding working population, and an increasing preference for smoking boosted the demand for smoking and other tobacco products, which in turn drove the market for smoking and other tobacco products in the forecast period.
Key Industry Players
Major companies operating in the smoking and other tobacco products market include Philip Morris International Inc., Imperial Tobacco plc, Altria Group Inc., British American Tobacco plc, Japan Tobacco Inc., Swisher International Inc., Scandinavian Tobacco Group, Swedish Match AB, Reynolds American Inc., Vector Group Ltd., Turning Point Brands Inc., National Tobacco Company L.P., Liggett Group LLC, John Middleton Co., Cheyenne International LLC, Farmer’s Tobacco Co. of Cynthiana Inc., Sutliff Tobacco Company LLC, Lane Limited, Cornell & Diehl Inc., Gawith Hoggarth & Co., Mac Baren Tobacco Company A/S, Samuel Gawith & Co. Ltd., Orlik Tobacco Company A/S, Oliva Cigar Co., Perdomo Cigars, Arturo Fuente Cigars, Ashton Cigars, Padron Cigars, Joya de Nicaragua S.A., My Father Cigars Inc.
The smoking and other tobacco products market report table of contents includes:
1. Executive Summary
2. Smoking And Other Tobacco Products Market Characteristics
3. Smoking And Other Tobacco Products Product/Service Analysis -Product/Service Examples
4. Smoking And Other Tobacco Products Market Trends And Strategies
5. Smoking And Other Tobacco Products Market – Macro Economic Scenario
…
68. Global Smoking And Other Tobacco Products Market Competitive Benchmarking
69. Global Smoking And Other Tobacco Products Market Competitive Dashboard
70. Key Mergers And Acquisitions In The Smoking And Other Tobacco Products Market
71.Smoking And Other Tobacco Products Market Future Outlook and Potential Analysis
72.Appendix
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