Global tobacco market (2021 to 2026)

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Dublin, December 17, 2021 (GLOBE NEWSWIRE) – The “global tobacco market, by type of product (cigarettes, cigars, smoking tobacco, smokeless tobacco (oral tobacco)), by distribution channel (specialty stores, convenience stores, Supermarkets / Hypermarkets and Others), By Region, Competition, Forecast and Opportunity, 2026 “report has been added to ResearchAndMarkets.com offer.

The global tobacco market was valued at USD 729.90 billion in 2020 and is expected to grow at a rate of 3.78% during the forecast period to reach USD 908.29 billion by 2026.

The global tobacco market is driven by population growth as well as economic development, which increases the purchasing power of consumers. Tobacco is a plant whose leaves are dried and fermented before being used to make tobacco products. Tobacco contains nicotine, a substance that can be addictive, which is why so many people struggle to quit smoking.

Many other potentially dangerous compounds can be present in tobacco or form when it is burned. Adults are the main users of tobacco, but a growing number of young students are also contributing to the increase in market share. The tobacco products that companies offer to their customers come in the form of smoking, chewing or snorting tobacco. Examples of smoked tobacco products are cigarettes, cigars, bidis, and kreteks. Some people also use a pipe or hookah to smoke loose tobacco (water pipe). Chewing tobacco, snuff, and snus are all chewing tobacco products, with only snuff that can be sniffed.

The global tobacco market is segmented into product type, distribution channel, region and company. Based on the type of product, the global tobacco market is categorized into cigarettes, cigars, smoking tobacco and smokeless tobacco. Of which cigarettes dominated the global tobacco market with a market share of around 40% in 2020. The basic components of most cigarettes are tobacco, chemical additives, a filter and paper packaging. The widespread use of tobacco products is responsible for the expansion of the cigarette industry. The development of stylish and designer small cigarette packages to appeal to women, as well as the innovative marketing methods used by large companies to target women by offering them various discount coupons, are expected to accelerate the market growth.

According to the United States Food and Drug Administration (FDA), each day, on average, about 1,500 young people between the ages of 12 and 17 smoke their first cigarette, and more than 200 young people under the age of 12 to 17 become smokers. daily. In the United States, 4.6 percent of high school students (710,000) and 1.6 percent of middle school students (190,000) currently smoke cigarettes. Although declining smoking rates in industrialized countries may limit the development of the market as the popularity of electronic cigarettes increases, the industry is expected to grow at a healthy pace due to the increasing incidence of smoking among young people.

Based on the distribution channel, the global tobacco market is divided into convenience stores, specialty stores, supermarkets / hypermarkets and others (online shops, counters, etc.). Of which the “Specialty Stores” hold a significant market share of around 35%, due to the availability of all varieties, flavors and packaging under one roof. And other distribution channels that include online sales are expected to experience the fastest growth due to the rapid adoption of e-commerce.

In terms of regional analysis, the global tobacco market is divided into North America, Europe, Asia-Pacific, South America, Middle East, and Africa. Among all the regions, Asia-Pacific is the dominant region as China is the largest producer and consumer of tobacco in the world. The Chinese tobacco market is dominated by the government monopoly China National Tobacco Corporation (CNTC), which owns almost all of the Chinese cigarette market. Almost 2,400 billion cigarettes were sold in China in 2018.

The main players operating in the global tobacco market are British American Tobacco plc, PHILIP MORRIS INTERNATIONAL INC., Imperial Brands PLC, Altria Group, Inc., JAPAN TOBACCO INC., PT Gudang Garam Tbk, ITC Limited, KT&G CORPORATION, Swedish Match AB, SCANDINAVIAN TOBACCO GROUP A / S. Large companies are developing advanced techniques and launching new generation products such as the IQOS tobacco heating system to stay competitive in the market.

Goal of the study:

  • To analyze the historical growth in market size of the global tobacco market from 2016 to 2020.

  • Estimate and forecast the global tobacco market market size from 2021 to 2026 and the growth rate to 2026.

  • To classify and forecast the global tobacco market on the basis of product type, distribution channel, and regional distribution.

  • To examine competitive developments such as expansions, new product launches, mergers and acquisitions etc. in the global tobacco market.

  • Identify the dominant region or segment of the global tobacco market.

  • Identify the drivers and challenges of the global tobacco market.

  • Identify and analyze the profile of the major players operating in the global tobacco market.

  • To identify the major sustainable strategies adopted by market players in the global tobacco market.

Main topics covered:

1. Product overview

2. Research methodology

3. Impact of COVID-19 on the global tobacco market

4. Executive summary

5. Voice of the customer
5.1. Factors influencing purchasing decisions
5.2. Brand awareness
5.3. Challenges faced by customers
5.4. Preferred distribution channels

6. Outlook for the world tobacco market
6.1. Market size and forecast
6.1.1. By value
6.2. Market share and forecasts
6.2.1. By product type (cigarettes, cigars, smoking tobacco, smokeless tobacco (oral tobacco))
6.2.2. By distribution channel (specialty stores, mini markets, supermarkets / hypermarkets, others (online, counters, etc.))
6.2.3. By region
6.2.4. By company
6.3. Market Map

7. Asia-Pacific Tobacco Market Outlook

8. Outlook for the tobacco market in North America

9. Outlook for the tobacco market in Europe

10. Outlook for the tobacco market in South America

11. Outlook for the tobacco market in the Middle East and Africa

12. Market dynamics
12.1. Conductors
12.2. Challenges

13. Market trends and developments

14. Competitive landscape
14.1. British American Tobacco plc
14.2. Philip Morris International Inc.
14.3. Imperial brands PLC
14.4. Altria Group, Inc.
14.5. Japan Tobacco Inc.
14.6. PT Gudang Garam Tbk
14.7. ITC Limited
14.8. KT&G Corporation
14.9. Swedish Match AB
14.10. Scandinavian Tobacco Group A / S

15. Strategic recommendations

16. About the publisher and the disclaimer

For more information on this report, visit https://www.researchandmarkets.com/r/pconqt

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