The global tobacco market is valued at US$729.9 billion in 2020 and is expected to grow at a rate of 3.78% during the forecast period, reaching US$908.29 billion by 2026

2021-12-01 08:16:06 By : Ms. Vivi Xiong

The global tobacco market is driven by population growth and economic development, which is increasing the purchasing power of consumers. Tobacco is a plant whose leaves are dried and fermented before being used to make tobacco products.

New York, November 17, 2021 (GLOBE NEWSWIRE) - Reportlinker.com announced the release of the report "Global Tobacco Market, By Product Type, By Distribution Channel, By Region, Competition, Forecasts and Opportunities, 2026"-https: //www .reportlinker.com/p06184424/?utm_source=GNW Tobacco contains nicotine, a substance that can cause addiction, which is why it is difficult for so many people to quit smoking. Many other potentially dangerous compounds may be present in tobacco or formed during combustion. Adults are the main users of tobacco, but more and more young students are now contributing to the growing market share. The tobacco products that the company provides to customers come in the form of cigarettes, chewing or sniffing tobacco. Cigarettes, cigars, bidis and clove cigarettes are examples of smoked tobacco products. Some people also use pipes or water pipes to smoke bulk tobacco (water pipes). Chewing tobacco, snuff and snuff are all chewed tobacco products, and snuff is the only thing you can smell. The global tobacco market is segmented into product types, distribution channels, regions, and companies. According to the type of product, the global tobacco market is divided into cigarettes, cigars, smoked tobacco and smokeless tobacco. Among them, cigarettes occupy a dominant position in the global tobacco market with a market share of about 40% in 2020. The basic ingredients of most cigarettes are tobacco, chemical additives, filters and paper packaging. The widespread use of tobacco products is the reason for the expansion of the cigarette industry. The compact and stylish designer cigarette packages developed to attract women and the innovative marketing methods of leading companies targeting women by offering various discount coupons to women are expected to accelerate market growth. According to data from the U.S. Food and Drug Administration (FDA), an average of 1,500 adolescents aged 12-17 smoke their first cigarette every day, and more than 200 adolescents under the age of 12-17 become daily smokers. In the United States, 4.6% of high school students (710,000) and 1.6% of middle school students (190,000) currently smoke. Although with the popularity of e-cigarettes, lowering the smoking rate in industrialized countries may limit market development, the industry is expected to grow at a healthy rate due to the increase in smoking rates among young people. According to distribution channels, the global tobacco market is divided into convenience stores, specialty stores, supermarkets/hypermarkets and others (online, counter stores, etc.). Among them, "specialty stores" accounted for about 35% of the main market share, because all varieties, flavors and packaging are supplied under one roof. Due to the rapid popularity of e-commerce, other distribution channels, including online sales, are expected to become the fastest-growing channels. From a regional analysis point of view, the global tobacco market is divided into North America, Europe, Asia Pacific, South America, the Middle East and Africa. Among all regions, the Asia-Pacific is the dominant region, and China is the world's largest tobacco producer and tobacco consumer. The Chinese tobacco market is dominated by the government-monopolized China National Tobacco Corporation (CNTC), which owns almost the entire Chinese cigarette market. In 2018, China sold nearly 2.4 trillion cigarettes. The main players operating in the global tobacco market are British American Tobacco, PHILIP MORRIS INTERNATIONAL INC., Imperial Brands PLC, Altria Group, Japan Tobacco Corporation, PT Gudang Garam Tbk, ITC Limited, KT&G CORPORATION, Swedish Match AB, SCANDINAVIAN TOBACCO GROUP A/S. Major companies are developing advanced technologies and launching next-generation products, such as the tobacco heating system IQOS, to maintain market competitiveness. Years considered in this report: Historical year: 2016-2019 Base year: 2020 Estimated year: 2021E Forecast period: 2022F-2026F Research objectives: • Analyze the historical growth of the global tobacco market market size from 2016 to 2020. • Estimate and forecast the market size of the global tobacco market from 2021 to 2026 and its growth rate to 2026. • Classify and forecast the global tobacco market based on product types, distribution channels, and regional distribution. • Study the development of competition in the global tobacco market, such as expansion, new product launches, mergers and acquisitions, etc. • Identify the dominant region or market segment of the global tobacco market. • Identify the drivers and challenges of the global tobacco market. • Identify and analyze the profiles of the major players operating in the global tobacco market. • Identify key sustainable strategies adopted by market participants in the global tobacco market. The analyst conducted preliminary research and detailed secondary research for this research. Initially, the analyst looked for a list of global manufacturers. Subsequently, the analyst conducted a preliminary research survey on the identified company. While interviewing, the interviewees also asked their competitors. With this technique, analysts can include manufacturers that cannot be identified due to the limitations of the secondary research. Analysts checked the manufacturers and presence of all major players around the world. The analyst used a top-down method to calculate the market size of the global tobacco market, recording data on various market segments and forecasting the next few years. Analysts obtain these values ​​from industry experts and company representatives, and externally verify them by analyzing historical data of these product types to obtain an appropriate overall market size. Analysts also studied various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations, and financial reports. Main target audiences: • Tobacco manufacturers/suppliers/distributors • Market research and consulting companies • Government agencies such as regulators and policy makers. • Tobacco-related organizations, forums, and alliances. The research helps answer several key questions that are important to industry stakeholders (such as manufacturers, suppliers and partners, end users, etc.), and also allows them to formulate investment Strategy and capitalization are about market opportunities. Report scope: In this report, in addition to industry trends, the global tobacco market is also divided into the following categories. These industry trends are also detailed below: • The global tobacco market, by product type: o Cigarettes o Cigars o Smoking tobacco o None Tobacco Tobacco (Oral Tobacco) • Global tobacco market, by distribution channel: o Specialty stores o Convenience stores o Supermarkets/hypermarkets o Others (online, over-the-counter stores, etc.) • Global tobacco market, by region: o Asia Pacific China, India, Japan, Korea Australia o North America, the United States, Mexico, Canada, Europe, Germany, Britain, France, Spain, Italy, South America, Brazil, Colombia, Argentina, the Middle East and Africa, South Africa, Saudi Arabia, and the United Arab Emirates. Available customization: According to the given market data, we provide customization according to the company's specific needs. The report provides the following customization options: Company information • Detailed analysis and analysis of other market participants (up to five). Read the full report: https://www.reportlinker.com/p06184424/?utm_source=GNW About Reportlinker ReportLinker is an award-winning market research solution. Reportlinker finds and organizes the latest industry data so you can get all the market research you need instantly in one place. __________________________

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