Dublin--(Business Wire)--Added "own tobacco product market share, scale, trend, industry analysis report, by product; by distribution channel; by region; 2021-2028 segmented market forecast" report to ResearchAndMarkets .com products.
The global cigarette product market is expected to reach 10.38 billion U.S. dollars.
Manufacturers in the cigarette product market are offering a wide range of flavored cigarettes to attract the younger generation. Flavored tobacco products usually come in vanilla, bubble gum, mint, watermelon and spice flavors. Menthol is the most popular flavor in the smoking industry.
According to statistics published by the US Food and Drug Administration (FDA), as of 2020, more than 19.5 million people in the country have smoked menthol-flavored cigarettes. However, in a few countries such as Turkey, Iran, Pakistan, Brazil and Indonesia, strict legislation and the prohibition on the sale of flavored cigarettes have been hindering the popularization of self-rolling cigarettes.
In addition, the ongoing financial crisis caused by the global pandemic COVID-19 has shaken the economy and individuals, especially the low- and middle-income groups. Due to lack of jobs and income, price-sensitive consumers in developing economies have turned to low-cost alternatives as their first choice. This shift has led to a demand for their own cigarette products.
According to research done by University College London (UCL) in 2018, cigarettes are less likely to quit smoking compared to factory cigarettes. A key reason why RYO smokers are reluctant to quit is the low cost. Therefore, it is expected that the global market will achieve a healthy growth rate in the next few years.
Companies operating in the private cigarette industry market Imperial Brands, Curved Papers, Inc., Japan Tobacco International, Karma Filter Tips, British American Tobacco, Scandinavian Tobacco, Altria Group, Philip Morris International, HBI International , And shine brand.
4. Launch your own tobacco market insights
4.1. Roll your own tobacco-industry snapshot
4.2. Launch your own tobacco market dynamics
4.2.1.1. Hand-made cigarettes are becoming more and more popular
4.5. Introduce your own tobacco market industry trends
5. Scroll your own tobacco market assessment by product
5.2.1. Global private tobacco market by product from 2016 to 2028 (US$ million)
5.4. Roll paper and pipe
6. Launch your own tobacco market globally, by distribution channel
6.2.1. Global own tobacco market, by distribution channel, 2016-2028 (US$ million)
7. Conduct your own assessment of the tobacco market by region
7.2.1. Rolling your own assessment of the tobacco market, by region, 2016-2028 (US$ million)
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ResearchAndMarkets.com Laura Wood, Senior Press Manager press@researchandmarkets.com US Eastern Time Office Hours Call 1-917-300-0470 US/Canada Toll Free 1-800-526-8630 GMT Office Hours +353-1-416- 8900
ResearchAndMarkets.com Laura Wood, Senior Press Manager press@researchandmarkets.com US Eastern Time Office Hours Call 1-917-300-0470 US/Canada Toll Free 1-800-526-8630 GMT Office Hours +353-1-416- 8900