Product Code: GVR-2-68038-412-3
Tobacco Market Growth & Trends
The global tobacco market size is expected to reach USD 1,073.79 billion by 2028, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 1.8% from 2021 to 2028. 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.
Tobacco, especially cigarette smoking, has also been increasing among women in European countries. In developed countries, tobacco usage was initially confined to men; however, tobacco usage rates among men are declining, whereas the consumption rates among women are increasing. Smoking rates among women in many European countries are close to 30-40%.
Tobacco Market Report Highlights
- By product, the cigarettes segment held the largest share of more than 75.0% in 2020. Easy access to cigarettes at economical prices among the consumers through retail shops is expected to drive this product segment in the near future
- The next-generation products segment is anticipated to be the fastest-growing segment with a CAGR of 2.8% from 2021 to 2028. The growing acceptance of next-generation products, including e-cigarettes, in developed economies of North America and Europe, is expected to remain a favorable factor for the segment growth
- The Middle East and Africa is anticipated to be the fastest-growing regional market with a CAGR of 3.0% from 2021 to 2028, owing to the increasing demand for premium and next-generation tobacco products with enhanced flavors
Table of Contents
Chapter 1. Methodology and Scope
- 1.1. Market Segmentation & Scope
- 1.2. Market Definition
- 1.3. Information Procurement
- 1.3.1. Purchased Database
- 1.3.2. GVR's Internal Database
- 1.3.3. Secondary Sources & Third-Party Perspectives
- 1.3.4. Primary Research
- 1.4. Information Analysis
- 1.4.1. Data Analysis Models
- 1.5. Market Formulation & Data Visualization
- 1.6. Data Validation & Publishing
Chapter 2. Executive Summary
- 2.1. Market Outlook
- 2.2. Segmental Outlook
- 2.3. Competitive Insights
Chapter 3. Tobacco Market Variables, Trends & Scope
- 3.1. Market Introduction
- 3.2. Penetration & Growth Prospect Mapping
- 3.3. Industry Value Chain Analysis
- 3.3.1. Sales/Retail Channel Analysis
- 3.3.2. Profit Margin Analysis
- 3.4. Market Dynamics
- 3.4.1. Market Driver Analysis
- 3.4.2. Market Restraint Analysis
- 3.4.3. Industry Challenges
- 3.4.4. Industry Opportunities
- 3.5. Business Environment Analysis
- 3.5.1. Industry Analysis - Porter's
- 3.5.1.1. Supplier Power
- 3.5.1.2. Buyer Power
- 3.5.1.3. Substitution Threat
- 3.5.1.4. Threat from New Entrant
- 3.5.1.5. Competitive Rivalry
- 3.6. Roadmap of Tobacco Market
- 3.7. Market Entry Strategies
Chapter 4. Consumer Behavior Analysis
- 4.1. Consumer Trends and Preferences
- 4.2. Factors Affecting Buying Decision
- 4.3. Consumer Distribution channel Adoption
- 4.4. Observations & Recommendations
Chapter 5. Tobacco Market: Product Estimates & Trend Analysis
- 5.1. Product Movement Analysis & Market Share, 2020 & 2028
- 5.2. Smokeless
- 5.2.1. Market estimates and forecast, 2016 - 2028 (USD Billion)
- 5.3. Cigarettes
- 5.3.1. Market estimates and forecast, 2016 - 2028 (USD Billion)
- 5.4. Cigar & Cigarillos
- 5.4.1. Market estimates and forecast, 2016 - 2028 (USD Billion)
- 5.5. Next Generation Products
- 5.5.1. Market estimates and forecast, 2016 - 2028 (USD Billion)
- 5.6. Waterpipes
- 5.6.1. Market estimates and forecast, 2016 - 2028 (USD Billion)
- 5.7. Others
- 5.7.1. Market estimates and forecast, 2016 - 2028 (USD Billion)
Chapter 6. Tobacco Market: Regional Estimates & Trend Analysis
- 6.1. Regional Movement Analysis & Market Share, 2020 & 2028
- 6.2. North America
- 6.2.1. Market estimates and forecast, 2016 - 2028 (USD Billion)
- 6.2.2. Market estimates and forecast, by product, 2016 - 2028 (USD Billion)
- 6.2.3. U.S.
- 6.2.3.1. Market estimates and forecast, 2016 - 2028 (USD Billion)
- 6.2.3.2. Market estimates and forecast, by product, 2016 - 2028 (USD Billion)
- 6.3. Europe
- 6.3.1. Market estimates and forecast, 2016 - 2028 (USD Billion)
- 6.3.2. Market estimates and forecast, by product, 2016 - 2028 (USD Billion)
- 6.3.3. Turkey
- 6.3.3.1. Market estimates and forecast, 2016 - 2028 (USD Billion)
- 6.3.3.2. Market estimates and forecast, by product, 2016 - 2028 (USD Billion)
- 6.3.4. Russia
- 6.3.4.1. Market estimates and forecast, 2016 - 2028 (USD Billion)
- 6.3.4.2. Market estimates and forecast, by product, 2016 - 2028 (USD Billion)
- 6.4. Asia Pacific
- 6.4.1. Market estimates and forecast, 2016 - 2028 (USD Billion)
- 6.4.2. Market estimates and forecast, by product, 2016 - 2028 (USD Billion)
- 6.4.3. China
- 6.4.3.1. Market estimates and forecast, 2016 - 2028 (USD Billion)
- 6.4.3.2. Market estimates and forecast, by product, 2016 - 2028 (USD Billion)
- 6.4.4. India
- 6.4.4.1. Market estimates and forecast, 2016 - 2028 (USD Billion)
- 6.4.4.2. Market estimates and forecast, by product, 2016 - 2028 (USD Billion)
- 6.5. Central & South America
- 6.5.1. Market estimates and forecast, 2016 - 2028 (USD Billion)
- 6.5.2. Market estimates and forecast, by product, 2016 - 2028 (USD Billion)
- 6.5.3. Brazil
- 6.5.3.1. Market estimates and forecast, 2016 - 2028 (USD Billion)
- 6.5.3.2. Market estimates and forecast, by product, 2016 - 2028 (USD Billion)
- 6.6. Middle East & Africa (MEA)
- 6.6.1. Market estimates and forecast, 2016 - 2028 (USD Billion)
- 6.6.2. Market estimates and forecast, by product, 2016 - 2028 (USD Billion)
- 6.6.3. Egypt
- 6.6.3.1. Market estimates and forecast, 2016 - 2028 (USD Billion)
- 6.6.3.2. Market estimates and forecast, by product, 2016 - 2028 (USD Billion)
Chapter 7. Competitive Analysis
- 7.1. Key global players, recent developments & their impact on the industry
- 7.2. Key Company/Competition Categorization (Key innovators, Market leaders, Emerging players)
- 7.3. Vendor Landscape
- 7.3.1. Key company market share analysis, 2020
Chapter 8. Company Profiles
- 8.1. Pyxus International, Inc.
- 8.1.1. Company Overview
- 8.1.2. Financial Performance
- 8.1.3. Technology Benchmarking
- 8.1.4. Strategic Initiatives
- 8.2. Swedish Match AB
- 8.2.1. Company Overview
- 8.2.2. Financial Performance
- 8.2.3. Technology Benchmarking
- 8.2.4. Strategic Initiatives
- 8.3. Altria Group, Inc.
- 8.3.1. Company Overview
- 8.3.2. Financial Performance
- 8.3.3. Technology Benchmarking
- 8.3.4. Strategic Initiatives
- 8.4. Korea Tobacco & Ginseng Corporation
- 8.4.1. Company Overview
- 8.4.2. Financial Performance
- 8.4.3. Technology Benchmarking
- 8.4.4. Strategic Initiatives
- 8.5. Imperial Brands
- 8.5.1. Company Overview
- 8.5.2. Financial Performance
- 8.5.3. Technology Benchmarking
- 8.5.4. Strategic Initiatives
- 8.6. Philip Morris International
- 8.6.1. Company Overview
- 8.6.2. Financial Performance
- 8.6.3. Technology Benchmarking
- 8.6.4. Strategic Initiatives
- 8.7. British American Tobacco
- 8.7.1. Company Overview
- 8.7.2. Financial Performance
- 8.7.3. Technology Benchmarking
- 8.7.4. Strategic Initiatives
- 8.8. Japan Tobacco Inc.
- 8.8.1. Company Overview
- 8.8.2. Financial Performance
- 8.8.3. Technology Benchmarking
- 8.8.4. Strategic Initiatives
- 8.9. Scandinavian Tobacco Group
- 8.9.1. Company Overview
- 8.9.2. Financial Performance
- 8.9.3. Technology Benchmarking
- 8.9.4. Strategic Initiatives
- 8.10. ITC Limited
- 8.10.1. Company Overview
- 8.10.2. Financial Performance
- 8.10.3. Technology Benchmarking
- 8.10.4. Strategic Initiatives
- 8.11. China National Tobacco Corporation
- 8.11.1. Company Overview
- 8.11.2. Financial Performance
- 8.11.3. Technology Benchmarking
- 8.11.4. Strategic Initiatives
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