Expert Market Research’s new report titled “Global Cigarettes Market Report and Forecast 2021-2026”, gives an in-depth analysis of the global cigarettes market, assessing the market based on its segments such as type, sales channels, distribution and major regions such as North America, Europe, Asia-Pacific, Latin America, Middle East and Africa. The report tracks the latest industry trends and studies their impact on the overall market. It also assesses market dynamics, covering key demand and price indicators, as well as market analysis based on SWOT and Porter’s Five Forces models.
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Key highlights of the report include:
Market Overview (2021-2026)
- Historical market size (2020): USD 960.69 billion.
- Expected CAGR (2021-2026): 3.3%
- Forecast market size (2026): 1130.02 billion USD.
Changing lifestyles, constant product innovation in terms of flavor, size, ingredients and nicotine strength, and customer opinion that smoking decreases stress and anxiety are just a few- one of the main reasons driving the global cigarette market. Additionally, 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 on the benefits of organic products. . As a result, the demand for organic and herbal cigarettes is increasing. Moreover, the companies that supply these products are increasing their spending on R&D, marketing and expanding their distribution channels in order to maintain their position in the market.
Industry definition and major segments
Cigarettes are currently considered one of the most popular smoking techniques in many places around the world. The word cigarette originates from the French word “cigarette” which means little cigar. The majority of modern produced cigarettes are filtered and contain reconstituted tobacco along with other additives. Smoking rates vary widely and have changed significantly throughout history. While smoking rates in rich countries have stabilized or declined over time, they continue to climb in emerging countries.
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Based on Type, the market is split into:
On the basis of distribution channel, the market is categorized into:
- Supermarkets and hypermarkets
- convenience stores
- Online stores
- On line
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Based on regional markets, the industry is divided into:
1 North America
1.1 United States of America
2.2 United Kingdom
4 Latin America
5 Middle East and Africa
5.1 Saudi Arabia
5.2 United Arab Emirates
5.4 South Africa
The growing number of female smokers, the large distribution networks of cigarette manufacturers, and the appeal of flavored cigarettes are all contributing to the growth of the market. Flavored tobacco products are growing in popularity and have become much more common in recent years around the world. In addition to menthol cigarettes, these products include flavored smokeless tobacco, electronic cigarettes, little cigars and cigarillos, large cigars, hookah, and dissolvable cigars. They are available in a wide range of flavors including confectionery flavors, liquor, herbs and spices.
Main market players
Major players in the market are Phillip Morris International, British American Tobacco, Japan Tobacco International, Imperial Brands PLC, among others. The report covers market shares, capacities, plant rotations, expansions, investments, mergers and acquisitions, among other latest developments of these market players.
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* At Expert Market Research, we always strive to give you the latest information. The figures in the article are only indicative and may differ from the actual report.