The global tobacco market size reached 8.5 Million Tons in 2022. Looking forward, the publisher expects the market to reach 9.3 Million Tons by 2028, exhibiting a CAGR of 1.51% during 2022-2028.
Tobacco products are prepared by curing the leaves of tobacco plant which is a part of the genus Nicotiana of the Solanaceae family. There are more than 70 species of tobacco known till now, however, N. tabacum remains the chief commercial crop. Tobacco contains a colourless volatile alkaloid, nicotine, which is responsible for stimulating brain functions, increasing blood pressure, constricting peripheral blood vessels and raising heart rate. Dried tobacco leaves are majorly used for smoking in cigarettes, cigars, pipes and shisha; and as chewing tobacco, snuff, snus and dipping tobacco.
Introduction of numerous premium tobacco products such as flavoured, long and skinny, coloured and e-cigarettes by the manufacturers has further created a positive outlook for the growth of the tobacco market.
A surge in investments in the research and development has resulted in the introduction of products with reduced levels of toxicants. This has helped in attracting a larger consumer-base for tobacco products.
Higher levels of education along with rising awareness about health concerns related to tobacco consumption such as different types of cancers, cardiovascular diseases, pulmonary diseases, etc., has hampered the growth of the market. Apart from this, stringent regulations in the developed countries further restricts the market growth.
2. What is the expected growth rate of the global tobacco market during 2023-2028?
3. What are the key factors driving the global tobacco market?
4. What has been the impact of COVID-19 on the global tobacco market?
5. What is the breakup of the global tobacco market based on the type?
6. What are the key regions in the global tobacco market?
7. Who are the key players/companies in the global tobacco market?
Tobacco products are prepared by curing the leaves of tobacco plant which is a part of the genus Nicotiana of the Solanaceae family. There are more than 70 species of tobacco known till now, however, N. tabacum remains the chief commercial crop. Tobacco contains a colourless volatile alkaloid, nicotine, which is responsible for stimulating brain functions, increasing blood pressure, constricting peripheral blood vessels and raising heart rate. Dried tobacco leaves are majorly used for smoking in cigarettes, cigars, pipes and shisha; and as chewing tobacco, snuff, snus and dipping tobacco.
Global Tobacco Market Drivers/Constraints:
The demand for tobacco has recently witnessed a shift from the developed regions to the developing nations such as Asia and Africa. This can be accredited to the increasing population, elevating income levels of the consumers and lenient government regulations.Introduction of numerous premium tobacco products such as flavoured, long and skinny, coloured and e-cigarettes by the manufacturers has further created a positive outlook for the growth of the tobacco market.
A surge in investments in the research and development has resulted in the introduction of products with reduced levels of toxicants. This has helped in attracting a larger consumer-base for tobacco products.
Higher levels of education along with rising awareness about health concerns related to tobacco consumption such as different types of cancers, cardiovascular diseases, pulmonary diseases, etc., has hampered the growth of the market. Apart from this, stringent regulations in the developed countries further restricts the market growth.
Key Market Segmentation:
The publisher provides an analysis of the key trends in each sub-segment of the global tobacco market report, along with forecasts at the global and regional level from 2023-2028. Our report has categorized the market based on type.Breakup by Type:
- Cigarettes
- Roll Your Own
- Cigars
- Cigarillos
- Smokeless Tobacco
- Others
Regional Insights:
- China
- India
- Brazil
- United States
- EU 15
- Others
Competitive Landscape:
The market is highly concentrated with the presence of three large manufacturers which currently hold more than two-third of the total share. Strong brand image and distribution networks of existing players make it difficult for new entrants to survive in the market. Some of the leading players operating in the market are:- China National Tobacco Corporation
- Phillip Morris International
- British America Tobacco
- Japan Tobacco International
- Imperial Tobacco Group
Key Questions Answered in This Report
1. What was the size of the global tobacco market in 2022?2. What is the expected growth rate of the global tobacco market during 2023-2028?
3. What are the key factors driving the global tobacco market?
4. What has been the impact of COVID-19 on the global tobacco market?
5. What is the breakup of the global tobacco market based on the type?
6. What are the key regions in the global tobacco market?
7. Who are the key players/companies in the global tobacco market?
Table of Contents
1 Preface3 Executive Summary11 Loans and Financial Assistance
2 Scope and Methodology
4 Introduction
5 Global Tobacco and Cigarette Industry
6 Performance of Key Regions
7 Market by Type
8 Competitive Landscape
9 Tobacco Processing and Cigarette Manufacturing
10 Project Details, Requirements and Costs Involved
12 Project Economics
13 Key Player Profiles
List of Figures
List of Tables
Companies Mentioned
- China National Tobacco Corporation
- Phillip Morris International
- British America Tobacco
- Japan Tobacco International
- Imperial Tobacco Group
Methodology
LOADING...
Table Information
Report Attribute | Details |
---|---|
No. of Pages | 115 |
Published | March 2023 |
Forecast Period | 2022 - 2028 |
Estimated Market Value in 2022 | 8.5 Million Tons |
Forecasted Market Value by 2028 | 9.3 Million Tons |
Compound Annual Growth Rate | 1.5% |
Regions Covered | Global |
No. of Companies Mentioned | 5 |