Tobacco Market witnessed USD 913 billion in 2019, growing at a robust CAGR of 2.1% during forecast period.

Tobacco is the cured leafy plant named as Nicotiana containing two alkaloids: Nicotine and Harmala. The Harmala Alkaloids is a group of chemical structure including Harmine, Harmaline and Harmalol, which inhibits the metabolism of the monoamine compounds in the central nervous system. The Nicotine Alkaloid is a stimulant released from depression, stress, anxiety, irritability, difficulty concentrating, and sleep disturbances. The dried tobacco leaves are mainly used for the manufacturing of Cigarettes, Smoking Tobacco, Cigars, Cigarillos and Shishas. Tobacco is majorly grown in countries like China, India, Brazil, the USA, Indonesia, Malawi, Argentina, Tanzania, Zimbabwe and Pakistan.

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Increasing number of smokers in the emerging nations and rising marketing campaigns initiated by the leading companies are forecast to augment the tobacco market growth. According to the CDC data, in 2019 nearly USD 8.9 billion were disbursed by large companies on marketing smokeless tobacco and cigarettes. Factors such as availability of high-quality tobacco products, accelerating disposable income, and the drift towards modern lifestyle will strengthen the market size over the forthcoming years. With the growing awareness regarding ill effects of consuming tobacco, the demand for tobacco has declined. Thus, to maintain the demand, various leading companies have invested in research and development for the introduction of new nicotine products that cause less harm than the traditional products, which fuels the global tobacco market share.

Moreover, the new range of premium tobacco products such as flavoured, long and skinny, coloured and e-cigarettes by the manufacturers have increased the number of smokers as well as the percentage of people who want to try new products, driving the market growth. For example, in May 2019, Japan Tobacconist. Introduced MEVIUS Premium Menthol Option-Muscat Green 5 100’sSlim, and MEVIUS Premium which is available in Japan. However, growing health concerns pertaining tobacco consumption such as chances of different types of cancers, cardiovascular diseases, pulmonary diseases, etc., has hampered the global tobacco market size.

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Based on the Type, global tobacco market segmented into Cigarettes, Smoking Tobacco, Smokeless Tobacco, Cigars, Cigarillos, and Others. The Cigarettes segment is expected to capture the maximum market share owing to the rising adoption of the smoking tobacco products among the young target customers. The growing hectic lifestyle is pushing the consumer’s preference towards stress releasing products such as tobacco. The increasing demand for health-conscious products such smokeless cigarettes and e-cigarettes to mitigate the chances of cancer and lung inflammation will further bolster the growth of global tobacco market. The high disposable income of the target customers and the rising population size of certain economies will complement the growing demand of the Global Tobacco market. The Cigar segment is projected to grow at a higher market rate over the forecast period due to the continuous innovation in the product. The manufacturers are focusing on product innovation such as development of the mechanism cigar to capture the changing demand of the consumers. Moreover, the increasing purchasing power of the consumer and its cost-effective feature is further propelling the growth of Cigar segment.

Based on the Distribution Channel, the global tobacco market segmented into Hypermarket/Supermarket, Convenience Stores, Specialty Stores, Online Stores, and Others. The Convenience stores is the most popular among the distribution channels because of the wide range of products offerings with convenient packaging. In addition, the manufacturers are aiming to launch new products in Hypermarket/Supermarket with attractive discount offers, which will further boost the demand of the Global Tobacco market.

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Based on the region, Asia-Pacific is projected to grow at the highest market rate during the forecast period due to the enhanced per capita expenditure on the tobacco-based products in the developing economies such as China, India and Japan. The wide availability of different type of cigarettes and the increasing focus of multinational giants on improving the product portfolio and distribution channel in order to capture different customer needs will contribute towards the growing demand of the Global Tobacco market.

Various notable players operating in the market include British American Tobacco p.l.c. (BAT), Altria Group, Inc., Hongyunhonghe Tobacco (Group) Co., Ltd., Imperial Brands PLC, Philip Morris International Inc., Japan Tobacco Inc., Scandinavian Tobacco Group, Altadis SA, ITC Limited among others. Manufacturers are concentrating on the new product launch, product innovation, and merger & acquisition to expand their business across the globe. Also, increasing the adoption of technological advancements brings product innovation in multinational companies, which will boost the growth of the global tobacco market.

Key Developments:

• • In 2021, Imperial Brands launched its latest heated-tobacco products for market testing in Greece with a national rollout.
  • In 2021, Scandinavian Tobacco Group acquired majority of stakes in Moderno Opificio del Sigaro Italiano, MOSI – an Italian cigar company. This acquisition was intended to expand its offerings to consumers and the opportunity to increase its revenue share.
  • In 2019, Philip Morris International launched IQOS 3 and IQOS 3 Multi heated-tobacco products in the United Arab Emirates. The products are readily available in retail stores across the country to breakthrough adult smokers with a better alternative against conventional cigarettes.
  • In 2017, British American Tobacco announced to acquire Reynolds American with a stake of 57.8% worth of USD 30.20 per closing share price, which is around USD 49 billion value.

The global tobacco market has been segmented based on type, distribution channel, and key regions. Based on Type, the market is segmented Cigarettes, Smoking Tobacco, Smokeless Tobacco, Cigars, Cigarillos, and Others. Based on the Distribution Channel, the market is segmented Hypermarket/Supermarket, Convenience Stores, Specialty Stores, Online Stores, and Others.

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Key questions answered in this research report:

• • At what pace is the global tobacco market growing? What will be the growth trend in the future?
  • What are the key drivers and restraints in the global tobacco market? What will be the impact of drivers and restraints in the future?
  • What are the regional revenue and forecast breakdowns? Which are the major regional revenue pockets for growth in the global tobacco market?
  • What are the various types of the global tobacco market and how they are poised to grow?

Report Coverage	Details
Market Base Year	2019
Market Forecast Period	2020-2027
Market Revenues (2019)	USD 913 billion
Base Year & Forecast Units	Value (USD Million)
Market Segment	By Type, By Distribution Channel, By Region
Regional Coverage	Asia Pacific, Europe, North America, and RoW
Companies Profiled	British American Tobacco p.l.c. (BAT), Altria Group, Inc., Hongyunhonghe Tobacco (Group) Co., Ltd., Imperial Brands PLC, Philip Morris International Inc., Japan Tobacco Inc., Scandinavian Tobacco Group, Altadis SA, ITC Limited
25% Free Customization Available	We will customize this report up to 25% as a free customization to address our client’s specific requirements

Market Segmentation:

Global Tobacco Market by Type

• • Cigarettes
  • Smoking Tobacco
  • Smokeless Tobacco
  • Cigars
  • Cigarillos
  • Others

Global Tobacco Market by Distribution Channel

• • Hypermarket/Supermarket
  • Convenience Stores
  • Specialty Stores
  • Online Stores
  • Others

Global Tobacco Market by Region

• • North America Tobacco Market (Option 1: As a part of the free 25% customization)
    • By Type
    • By Distribution Channel
    • United States Market All-Up
    • Canada All-Up Market All-Up
  • Europe Tobacco Market (Option 2: As a part of the free 25% customization)
    • By Type
    • By Distribution Channel
    • Spain Market All-Up
    • Germany Market All-Up
    • UK Market All-Up
    • France Market All-Up
    • Poland Market All-Up
    • Russia Market All-Up
    • Rest of Europe Market All-Up
  • Asia-Pacific Tobacco Market (Option 3: As a part of the free 25% customization)
    • By Type
    • By Distribution Channel
    • China Market All-Up
    • India Market All-Up
    • Japan Market All-Up Market
    • South Korea Market All-Up Market
    • Indonesia Market All-Up Market
    • Australia Market All-Up Market
    • Rest of APAC Market All-Up Market
  • ROW Tobacco Market (Option 4: As a part of the free 25% customization)
    • By Type
    • By Distribution Channel
    • Brazil Market All-Up Market
    • Argentina Market All-Up Market
    • South Africa Market All-Up Market
    • Saudi Arabia Market All-Up Market
    • Rest of world Market All-Up Market

Leading market players (Option 5: Free 25% Customization – Profiles of 5 Additional Companies of your Choice)

• • British American Tobacco p.l.c. (BAT)
  • Altria Group, Inc.
  • Hongyunhonghe Tobacco (Group) Co., Ltd.
  • Imperial Brands PLC
  • Philip Morris International Inc.
  • Japan Tobacco, Inc.
  • Scandinavian Tobacco Group
  • Altadis SA International
  • ITC Limited