• Tue. Sep 27th, 2022

Global Cigarette Market is expected to grow steadily at CAGR of 3.3% in the Forecast Period of 2021-2026 | EMR Inc.

ByMike Paul

Aug 17, 2021

Cigarette Market Size, Share, Key Players, Demand, Growth, Analysis, Research Report 2021-2026

The new report by Expert Market Research titled, ‘Global Cigarette Market Report and Forecast 2021-2026’, gives an in-depth analysis of the global cigarette market, assessing the market based on its segments like type, distribution channels and major regions like North America, Europe, Asia Pacific, Latin America, Middle East and Africa. The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.

Request a free sample copy in PDF or view the report summary@ https://www.expertmarketresearch.com/reports/cigarette-market/requestsample

The key highlights of the report include:

Market Overview (2021-2026)

Historical Market Size (2020): USD 960.69 billion.
Forecast CAGR (2021-2026): 3.3 %
Forecast Market Size (2026): USD 1130.02 billion.

Changing lifestyles, constant product innovation in terms of flavour, size, ingredients, and nicotine dosage, and customer opinion that smoking decreases stress and anxiety are some of the primary reasons driving the global cigarette market. Furthermore, factors such as increased consumer education and awareness of products and services through digital media and other sources, as well as the advent of social media, are educating customers about the benefits of organic products. As a result, demand for organic and herbal cigarettes is increasing. Furthermore, companies supplying these products are increasing their spending in R&D, marketing, and expanding their distribution channels in order to maintain their market position.

Industry Definition and Major Segments

Cigarettes are presently being viewed as one of the most prevalent techniques of smoking in many places of the world. The word cigarette takes its origin from the French word “cigarette” which means little cigar. The majority of modern produced cigarettes are filtered and contain reconstituted tobacco as well as other additives. Cigarette smoking rates vary greatly and have evolved dramatically throughout history. While smoking rates in affluent countries have levelled off or fallen over time, they continue to climb in emerging countries.

Explore the full report with the table of contents@ https://www.expertmarketresearch.com/reports/cigarette-market

Based on type, the market is bifurcated into:

Light
Medium
Others

Based on distributional channel, the market is categorised into:

Tobacco shops
Supermarkets and hypermarkets
Convenience stores
Online stores
Online

On the basis of regional markets, the industry is divided into:

1 North America
1.1 United States of America
1.2 Canada
2 Europe
2.1 Germany
2.2 United Kingdom
2.3 France
2.4 Italy
2.5 Others
3 Asia Pacific
3.1 China
3.2 Japan
3.3 India
3.4 ASEAN
3.5 Others
4 Latin America
4.1 Brazil
4.2 Argentina
4.3 Mexico
4.4 Others
5 Middle East & Africa
5.1 Saudi Arabia
5.2 United Arab Emirates
5.3 Nigeria
5.4 South Africa
5.5 Others

Market Trends

The growing number of female smokers, cigarette manufacturers’ extensive distribution networks, and the appeal of flavoured cigarettes all contribute to market growth. Flavored tobacco products are gaining popularity and have grown much more common in recent years around the world. In addition to menthol cigarettes, these goods include flavoured smokeless tobacco, e-cigarettes, small cigars and cigarillos, large cigars, hookah, and dissolvable cigars. They are available in a wide range of flavours, including confectionery flavours, alcoholic beverages, and herbs and spices.

Key Market Players

The major players in the market are Phillip Morris International, British American Tobacco, Japan Tobacco International, Imperial Brands PLC, among others. The report covers the market shares, capacities, plant turnarounds, expansions, investments, mergers and acquisitions, among other latest developments of these market players.

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Note 2: As the novel coronavirus (COVID-19) continues to spread across the world, our analysts are constantly tracking the impact of this rapidly evolving situation on the markets and the consumer purchase behaviours. Thus, our latest estimates and analysis about the current market trends and forecast will exhaustively reflect the effects of this emerging pandemic.

About Us:

Expert Market Research is a leading business intelligence firm, providing custom and syndicated market reports along with consultancy services for our clients. We serve a wide client base ranging from Fortune 1000 companies to small and medium enterprises. Our reports cover over 100 industries across established and emerging markets researched by our skilled analysts who track the latest economic, demographic, trade and market data globally.

At Expert Market Research, we tailor our approach according to our clients’ needs and preferences, providing them with valuable, actionable and up-to-date insights into the market, thus, helping them realize their optimum growth potential. We offer market intelligence across a range of industry verticals which include Pharmaceuticals, Food and Beverage, Technology, Retail, Chemical and Materials, Energy and Mining, Packaging and Agriculture.

We also provide state-of-the-art procurement intelligence through our platform, https://www.procurementresource.com. Procurement Resource is a leading platform for digital procurement solutions, offering daily price tracking, market intelligence, supply chain intelligence, procurement analytics, and category insights through our thoroughly researched and infallible market reports, production cost reports, price analysis, and benchmarking.

Informes de Expertos (https://www.informesdeexpertos.com), the Spanish variant of Expert Market Research, is a platform that offers market research and consultancy services to a broad clientele base across Spanish speaking countries. With our primary focus on the Latin America and Spain markets, our research experts provide relevant and actionable insights into the markets and track major trends, economic developments, and global trade data.

*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.

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Contact Info:
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Organization: EMR Inc.
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Phone: +1-415-325-5166
Website: https://www.expertmarketresearch.com/pressrelease/global-cigarette-market

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Source URL: https://marketersmedia.com/global-cigarette-market-is-expected-to-grow-steadily-at-cagr-of-33-in-the-forecast-period-of-2021-2026-emr-inc/89042003

Source: MarketersMedia

Release ID: 89042003