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Global Cigarette Market Report and Forecast 2023-2028

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  • 126 Pages
  • March 2023
  • Region: Global
  • Expert Market Research
  • ID: 5775187
According to the report, the global cigarette market attained a value of USD 738.6 billion in 2022. Aided by the influence of the tobacco industry and the continued popularity of cigarettes among consumers, the market is projected to further grow at a CAGR of 3.1% between 2023 and 2028 to reach a value of USD 890.25 billion by 2028.

Cigarettes are small, cylindrical rolls of tobacco wrapped in paper or other similar material, designed for smoking. The French word ‘cigarette,’ which signifies a little cigar, is where the name ‘cigarette’ first appeared. Cigarettes are typically consumed for the nicotine content and associated pleasurable sensations, although many users also report enjoying the social aspects and rituals surrounding cigarette smoking.

The global cigarette market is still growing despite the well-known negative effects of smoking on one's health, including an increased risk of heart disease, lung cancer, and respiratory conditions. This growth can be attributed to a combination of factors, including aggressive marketing strategies by the tobacco industry, cultural norms, and the addictive nature of nicotine.

The increasing popularity of cigarettes in emerging markets, particularly in Asia Pacific and Africa, is a key driver of the global cigarette market growth. Rapid urbanisation, rising disposable incomes, and the influence of Western culture have all contributed to the growing demand for cigarettes in these regions. Furthermore, tobacco companies have targeted these markets with aggressive advertising campaigns and pricing strategies, further fuelling the growth of the global market for cigarettes.

Also, the development of innovative cigarette products, such as reduced-risk cigarettes and heated tobacco products, has provided new opportunities for the global cigarette market expansion. These products, which claim to deliver nicotine with fewer harmful chemicals, have gained traction among consumers who are concerned about their health but unwilling or unable to quit smoking completely.

The global cigarette market is also witnessing a shift in consumer preferences towards premium and super-premium cigarette brands. As consumers become more discerning and quality-conscious, they are increasingly willing to pay a higher price for perceived quality and exclusivity. This trend has driven the growth of the premium segment within the cigarette market report, with leading manufacturers focusing on the development and promotion of high-end brands.

Market Segmentation

The market can be divided based on type, distribution channel, and region.

Market Breakup by Type

  • Light
  • Medium
  • Others

Market Breakup by Distribution Channel

  • Tobacco Shops
  • Supermarket and Hypermarkets
  • Convenience Stores
  • Online Stores
  • Others

Market Breakup by Region

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa

Competitive Landscape

The report looks into the market shares, plant turnarounds, capacities, investments, and acquisitions and mergers, among other major developments, of the global cigarette companies. Some of the major key players explored in the report are as follows:
  • Phillip Morris International
  • British American Tobacco
  • Japan Tobacco Inc
  • Imperial Brands PLC
  • Others
*The publisher always strive to provide you with the latest information. The numbers in the article are only indicative and may be different from the actual report.

Table of Contents

1 Preface2 Report Coverage - Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Snapshot
6.1 Global
6.2 Regional
7 Industry Opportunities and Challenges
8 Global Tobacco Market Overview
8.1 Key Industry Highlights
8.2 Global Tobacco Historical Market (2018-2022)
8.3 Global Tobacco Market Forecast (2023-2028)
8.4 Global Tobacco Market by Product
8.5 Global Tobacco Market by Region
9 Global Cigarette Market Analysis
9.1 Key Industry Highlights
9.2 Global Cigarette Historical Market (2018-2022)
9.3 Global Cigarette Market Forecast (2023-2028)
9.4 Global Cigarette Market by Type
9.4.1 Light Market Share Historical Trend (2018-2022) Forecast Trend (2023-2028)
9.4.2 Medium Market Share Historical Trend (2018-2022) Forecast Trend (2023-2028)
9.4.3 Others
9.5 Global Cigarette Market by Distribution Channel
9.5.1 Tobacco Shops Market Share Historical Trend (2018-2022) Forecast Trend (2023-2028)
9.5.2 Supermarket and Hypermarkets Market Share Historical Trend (2018-2022) Forecast Trend (2023-2028)
9.5.3 Convenience Stores Market Share Historical Trend (2018-2022) Forecast Trend (2023-2028)
9.5.4 Online Stores Market Share Historical Trend (2018-2022) Forecast Trend (2023-2028)
9.5.5 Others
9.6 Global Cigarette Market by Region
9.6.1 Market Share North America Europe Asia Pacific Latin America Middle East and Africa
10 Regional Analysis
10.1 North America
10.1.1 Historical Trend (2018-2022)
10.1.2 Forecast Trend (2023-2028)
10.1.3 Breakup by Country United States of America Canada
10.2 Europe
10.2.1 Historical Trend (2018-2022)
10.2.2 Forecast Trend (2023-2028)
10.2.3 Breakup by Country United Kingdom Germany France Italy Others
10.3 Asia Pacific
10.3.1 Historical Trend (2018-2022)
10.3.2 Forecast Trend (2023-2028)
10.3.3 Breakup by Country China Japan India ASEAN Australia Others
10.4 Latin America
10.4.1 Historical Trend (2018-2022)
10.4.2 Forecast Trend (2023-2028)
10.4.3 Breakup by Country Brazil Argentina Mexico Others
10.5 Middle East and Africa
10.5.1 Historical Trend (2018-2022)
10.5.2 Forecast Trend (2023-2028)
10.5.3 Breakup by Country Saudi Arabia United Arab Emirates Nigeria South Africa Others
11 Market Dynamics
11.1 SWOT Analysis
11.1.1 Strengths
11.1.2 Weaknesses
11.1.3 Opportunities
11.1.4 Threats
11.2 Porter’s Five Forces Analysis
11.2.1 Supplier’s Power
11.2.2 Buyer’s Power
11.2.3 Threat of New Entrants
11.2.4 Degree of Rivalry
11.2.5 Threat of Substitutes
11.3 Key Indicators for Demand
11.4 Key Indicators for Price
12 Value Chain Analysis
13 Price Analysis
13.1 Price Structure
13.2 Price Trends
14 Manufacturing Process
14.1 Detailed Process Flow
14.2 Operations Involved
14.3 Mass Balance
15 Project Requirement and Cost Analysis
15.1 Land, Location, and Site Development
15.2 Construction
15.3 Plant Machinery
15.4 Cost of Raw Material
15.5 Packaging
15.6 Transportation
15.7 Utilities
15.8 Manpower
15.9 Other Capital Investment
16 Project Economics
16.1 Capital Cost of the Project
16.2 Techno-Economic Parameters
16.3 Product Pricing and Margins Across Various Levels of the Supply Chain
16.4 Taxation and Depreciation
16.5 Income Projections
16.6 Expenditure Projections
16.7 Financial Analysis
16.8 Profit Analysis
17 Competitive Landscape
17.1 Market Structure
17.2 Company Profiles
17.2.1 Phillip Morris International Company Overview Product Portfolio Demographic Reach and Achievements Certifications
17.2.2 British American Tobacco Company Overview Product Portfolio Demographic Reach and Achievements Certifications
17.2.3 Japan Tobacco Inc. Company Overview Product Portfolio Demographic Reach and Achievements Certifications
17.2.4 Imperial Brands PLC Company Overview Product Portfolio Demographic Reach and Achievements Certifications
17.2.5 Others
18 Industry Events and Developments

Companies Mentioned

  • Phillip Morris International
  • British American Tobacco
  • Japan Tobacco Inc.
  • Imperial Brands PLC



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