Smoking And Other Tobacco Products Global Market Report 2024

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 observed during the historical period in the smoking and other tobacco products industry can be attributed to various factors, including the dominance of the tobacco industry, consumer habits and addiction, cultural and social traditions associated with tobacco use, effective marketing and branding strategies employed by tobacco companies, and the impact of tobacco taxation and regulation on the market. These elements have played a significant role in shaping the industry and its historical growth.

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 anticipated growth in the forecast period in the smoking and other tobacco products industry can be attributed to several factors, including the growing preference for health-conscious consumer choices, the reduction in smoking prevalence, regulatory changes and alterations in packaging, the emergence of alternative products and harm reduction strategies, and the expansion of the global market for tobacco-related products. Major trends expected in the forecast period include the rise of e-cigarettes and vaping products, the popularity of smokeless and snus products, the use of nicotine replacement therapies, the development of reduced nicotine and low-tar products, and the demand for menthol and flavored tobacco items in response to shifting consumer preferences and regulatory measures.

Changing lifestyles, especially in emerging markets, are expected to drive the smoking and other tobacco products market in the forecast period. Notably, the World Health Organization's 2021 report highlighted the devastating impact of tobacco, causing over 8 million deaths annually. Out of these, 7 million are a result of direct tobacco use, and 1.2 million are attributed to non-smokers exposed to second-hand smoke. Emerging markets, marked by fast-paced lifestyles, a growing working population, and an increasing preference for smoking, have witnessed a surge in demand for smoking and other tobacco products, thereby boosting the market for these products in the forecast period.

The primary categories within the smoking and other tobacco products industry include smokeless tobacco and loose tobacco. Loose tobacco refers to any cut, sliced, or granular tobacco that is sold in packets and is not in the form of tobacco sticks, cigarettes, cigars, leaf tobacco, tobacco rolls, or any other pre-rolled tobacco product intended for smoking. These products can be categorized as mass-produced or premium, and they are often available in a variety of flavors. They are distributed through various channels, including supermarkets and hypermarkets, convenience stores, e-commerce platforms, and other distribution channels.

The smoking and other tobacco products research report is one of a series of new reports that provides smoking and other tobacco products statistics, including smoking and other tobacco products industry global market size, regional shares, competitors with smoking and other tobacco products share, detailed smoking and other tobacco products segments, market trends and opportunities, and any further data you may need to thrive in the smoking and other tobacco products industry. This smoking and other tobacco products research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The tobacco products market is expected to experience growth driven by the increasing prevalence of smoking. Smoking involves inhaling and exhaling smoke from substances like tobacco, cannabis, or other herbs through devices like cigarettes, cigars, pipes, and more. The growing prevalence of smoking plays a pivotal role in the expansion of the tobacco industry. As more individuals become smokers, the demand for tobacco products rises, leading to increased sales. For instance, in July 2022, Statistics Canada reported a 5.8% increase in cigarette production compared to June 2021. Additionally, the total number of cigarettes sold saw a 1.3% rise from May 2022, reaching 1.4 billion in June 2022. This illustrates that the increasing prevalence of smoking is a driving factor for the tobacco products market.

The rising awareness of smoking's addictive and harmful nature is expected to act as a restraint on the smoking and other tobacco product market in the forecast period. Excessive tobacco consumption through cigarettes can lead to various health issues such as acidity, increased heart rate, muscle problems, high blood pressure, and anxiety. Growing awareness of the adverse effects of excessive tobacco use, particularly among health-conscious millennials, is likely to limit the market's growth in the forecast period.

Major cigarette companies are innovating in product design by offering super slim and ultra-slim cigarettes, targeting millennials. Super slim cigarettes, with a diameter of about 4.7 mm and a length of 99 mm, come in various types such as long, extra-slim, light-colored, and low-tar content, often appealing to female smokers. The popularity of slim and super slim cigarettes is notably growing in regions like Asia, Africa, and the Middle East, with leading consumer markets in countries such as Korea, Japan, and Russia. Brands like Davidoff Boudoir (Imperial Tobacco), Winston XS Micro (JTI Ukraine), ESSE (KT&G), Glamour (Gallagher Tobacco Company), and Vogue (British American Tobacco) offer some of the popular super slim cigarette options.

Major companies in the tobacco products market are actively focusing on introducing innovative and interactive cigars to maintain their market position. Interactive cigars are characterized by the integration of technology, often involving QR codes. For instance, in July 2021, Oliva Cigar Co., a Cuba-based cigar manufacturer, introduced interactive cigars. Every new box from the Serie V Melanio line featured a QR code. Customers purchasing a box of Serie V Melanio cigars could access a wealth of information about their cigars by scanning the code using their smartphones or tablets. This innovation enhances the cigar experience and offers an interactive element for consumers.

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.

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.

The countries covered in the smoking and other tobacco products market report are Australia, China, India, Indonesia, Japan, South Korea, Bangladesh, Thailand, Vietnam, Malaysia, Singapore, Philippines, Hong Kong, New Zealand, USA, Canada, Mexico, Brazil, Chile, Argentina, Colombia, Peru, France, Germany, UK, Austria, Belgium, Denmark, Finland, Ireland, Italy, Netherlands, Norway, Portugal, Spain, Sweden, Switzerland, Russia, Czech Republic, Poland, Romania, Ukraine, Saudi Arabia, Israel, Iran, Turkey, UAE, Egypt, Nigeria, South Africa

The smoking and other tobacco products market consists of sales of smoking products and cigerattes. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


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