Tobacco & Tobacco Products in India industry profile provides top-line qualitative and quantitative summary information including: market share, market size (value and volume 2019-24, and forecast to 2029). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.
Key Highlights
- The tobacco & tobacco products market includes sales of cigarettes, smoking tobacco, smokeless tobacco, and cigars & cigarillos. The cigarettes segment includes filter cigarettes and plain cigarettes. The smoking tobacco segment covers snuff/snus and chewing tobacco products. The smokeless tobacco segment includes pipe tobacco and fine cut tobacco (FCT). The scope of the cigars & cigarillos segment includes large cigars and small cigars. The market is valued according to retail selling price (RSP) and includes any applicable taxes.
- The Indian tobacco & tobacco products market recorded revenues of $17.67 billion in 2024, representing a compound annual growth rate (CAGR) of 1.0% between 2019-24.
- Market consumption volumes declined with a negative CAGR of 2.7% between 2019-24, reaching a total of 79.25 billion pieces in 2024.
- The Indian tobacco & tobacco products market registered sluggish growth during 2019-24, primarily due to high taxation on cigarettes, which includes steep excise duties, GST, and cess, making legal tobacco products relatively expensive and unaffordable for many price-sensitive consumers, leading some to switch to lower-priced bidis or illicit options, which dampened the market growth.
Report Scope
- Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the tobacco & tobacco products market in India
- Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the tobacco & tobacco products market in India
- Leading company profiles reveal details of key tobacco & tobacco products market players’ global operations and financial performance
- Add weight to presentations and pitches by understanding the future growth prospects of the India tobacco & tobacco products market with five year forecasts by both value and volume
Reasons to Buy
- What was the size of the India tobacco & tobacco products market by value in 2024?
- What will be the size of the India tobacco & tobacco products market in 2029?
- What factors are affecting the strength of competition in the India tobacco & tobacco products market?
- How has the market performed over the last five years?
- Who are the top competitors in India's tobacco & tobacco products market?
Table of Contents
1 Executive Summary
2 Market Overview
3 Market Data
4 Market Segmentation
5 Market Outlook
6 Five Forces Analysis
7 Competitive Landscape
8 Company Profiles
9 Macroeconomic Indicators
10 Appendix
List of Tables
List of Figures
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- ITC Ltd
- Godfrey Phillips India Ltd
- VST Industries Ltd
- Golden Tobacco Limited
