PUBLISHER: Grand View Research | PRODUCT CODE: 1076326
PUBLISHER: Grand View Research | PRODUCT CODE: 1076326
U.S. Tobacco Market Size, Share & Trends Analysis Report By Product (Smokeless, Cigarettes, Cigar & Cigarillos, Next Generation Products, Waterpipes), By Distribution Channel, By Region, And Segment Forecasts, 2022 - 2030
U.S. Tobacco Market Growth & Trends:
The U.S. tobacco market size is expected to reach USD 102.7 billion by 2030, registering a CAGR of 3.4%, according to a new report by Grand View Research, Inc. Factors such as stress, anxiety, and boredom resulting from the COVID-19 pandemic imposed restrictions on movement have driven the use of tobacco products and other related substances. Market players are developing new and improved product lines including flavored tobacco products such as clove cigarettes and menthol cigars to cater to changing smoking preferences. Such factors are expected to fuel the growth of the market in the U.S.
According to the Centers for Disease Control and Prevention (CDC), U.S., in 2019, some of the largest tobacco companies spent close to USD 8.2 billion on the marketing of cigarettes and smokeless tobacco in the U.S. This amount translates to about USD 22.5 million each day, or nearly USD 1 million every hour, which indicates the continued consumption of tobacco products across the country. Furthermore, the introduction of innovative tobacco products in varied taste options has become imperative, as consumers are gradually inclining toward smoking alternatives.
The cigarettes segment accounted for the largest revenue share of over 86.0% in 2021 as the American Indians/Alaska Natives (AI/ANs) have a higher prevalence of smoking compared to the other racial/ethnic groups present in the U.S. According to the CDC, in 2019, nearly 20.9% of AI/AN adults in the U.S. smoked cigarettes, compared with 14.0% of U.S. adults overall. Moreover, tobacco sold on tribal lands is typically not subject to state and national taxes, thus, reducing cost and supporting high smoking levels. Lower prices are connected to increased smoking rates, driving consumption.
The offline segment accounted for the largest revenue share in 2021 and is expected to maintain its dominance over the forecast period. Consumers buy tobacco products from offline stores owing to increased access to more retail distribution channels. The Food and Drugs Administration (FDA) has issued regulations regarding the promotion and marketing of tobacco products sold or distributed online or through non-face-to-face transactions to prevent the sale of tobacco to minors.
The U.S. market for tobacco is highly competitive and dominated by large multinational tobacco manufacturing companies. Some of the key manufacturers operating in the country include Pyxus International, Inc.; Swedish Match AB; Altria Group, Inc.; Korea Tobacco & Ginseng Corporation; Imperial Brands; Philip Morris International; Universal Corporation; Japan Tobacco Inc.; Scandinavian Tobacco Group; and Vector Group LTD. These players face intense competition, especially from the top market players, as they have a large consumer base, strong brand recognition, and vast distribution networks.
U.S. Tobacco Market Report Highlights:
- The Southeast region is expected to register a CAGR of 2.2% during forecast years as major cities including West Virginia and Kentucky have the highest smoking rates and tobacco use
- The new generation tobacco products segment is expected to register the fastest CAGR of around 10.3% from 2022 to 2030. Market players have introduced novel products such as e-cigarettes, and heated tobacco products, to reduce the risk of tobacco-related diseases and harm caused by them
- The online segment is expected to register a CAGR of around 4.7% over the forecast period, due to the ease of buying, and benefits like doorstep delivery, additional discounts, and access to several brands
Table of Contents
Chapter 1. Methodology and Scope
- 1.1. Market Segmentation & Scope
- 1.2. Market Definition
- 1.3. Information Procurement
- 1.3.1. Purchased Database
- 1.3.2. GVR's Internal Database
- 1.3.3. Secondary Sources & Third-Party Perspectives
- 1.3.4. Primary Research
- 1.4. Information Analysis
- 1.4.1. Data Analysis Models
- 1.5. Market Formulation & Data Visualization
- 1.6. Data Validation & Publishing
Chapter 2. Executive Summary
- 2.1. Market Outlook
- 2.2. Product Outlook
- 2.3. Distribution Channel Outlook
- 2.4. Competitive Insights
Chapter 3. U.S. Tobacco Market Variables, Trends & Scope
- 3.1. Market Introduction
- 3.2. Penetration & Growth Prospect Mapping
- 3.3. Impact of COVID-19 on the U.S. Tobacco Market
- 3.4. Industry Value Chain Analysis
- 3.4.1. Sales/Retail Channel Analysis
- 3.4.2. Profit Margin Analysis
- 3.5. Market Dynamics
- 3.5.1. Market Driver Analysis
- 3.5.2. Market Restraint Analysis
- 3.5.3. Industry Challenges
- 3.5.4. Industry Opportunities
- 3.6. Business Environment Analysis
- 3.6.1. Industry Analysis - Porter's
- 3.6.1.1. Supplier Power
- 3.6.1.2. Buyer Power
- 3.6.1.3. Substitution Threat
- 3.6.1.4. Threat from New Entrant
- 3.6.1.5. Competitive Rivalry
- 3.6.1. Industry Analysis - Porter's
- 3.7. Roadmap of U.S. Tobacco Market
- 3.8. Market Entry Strategies
Chapter 4. Consumer Behavior Analysis
- 4.1. Demographic Analysis
- 4.2. Consumer Trends and Preferences
- 4.3. Factors Affecting Buying Decision
- 4.4. Consumer Product Adoption
- 4.5. Observations & Recommendations
Chapter 5. U.S. Tobacco Market: Product Estimates & Trend Analysis
- 5.1. Product Movement Analysis & Market Share, 2021 & 2030
- 5.2. Smokeless
- 5.2.1. Smokeless tobacco market estimates and forecast,2017 - 2030 (USD Million)
- 5.3. Cigarettes
- 5.3.1. Cigarettes market estimates and forecast, 2017 - 2030 (USD Million)
- 5.4. Cigar & Cigarillos
- 5.4.1. Cigar & Cigarillos market estimates and forecast, 2017 - 2030 (USD Million)
- 5.5. Next Generation Products
- 5.5.1. Next-generation products market estimates and forecast, 2017 - 2030 (USD Million)
- 5.6. Waterpipes
- 5.6.1. Waterpipes market estimates and forecast, 2017 - 2030 (USD Million)
Chapter 6. U.S. Tobacco Market: Platform Estimates & Trend Analysis
- 6.1. Distribution channel Movement Analysis & Market Share, 2021 & 2030
- 6.2. Online
- 6.2.1. Market estimates and forecast through online, 2017 - 2030 (USD Million)
- 6.3. Offline
- 6.3.1. Market estimates and forecast through offline, 2017 - 2030 (USD Million)
Chapter 7. U.S. Tobacco Market: Regional Estimates & Trend Analysis
- 7.1. Regional Movement Analysis & Market Share, 2021 & 2030
- 7.2. U.S.
- 7.2.1. Market estimates and forecast, 2017 - 2030 (USD Million)
- 7.2.2. Market estimates and forecast, by product, 2017 - 2030 (USD Million)
- 7.2.3. Market estimates and forecast, by distribution channel, 2017 - 2030 (USD Million)
- 7.2.4. Northeast
- 7.2.4.1. Market estimates and forecast, 2017 - 2030 (USD Million)
- 7.2.4.2. Market estimates and forecast, by product, 2017 - 2030 (USD Million)
- 7.2.4.3. Market estimates and forecast, by distribution channel, 2017 - 2030 (USD Million)
- 7.2.5. Southeast
- 7.2.5.1. Market estimates and forecast, 2017 - 2030 (USD Million)
- 7.2.5.2. Market estimates and forecast, by product, 2017 - 2030 (USD Million)
- 7.2.5.3. Market estimates and forecast, by distribution channel, 2017 - 2030 (USD Million)
- 7.2.6. West
- 7.2.6.1. Market estimates and forecast, 2017 - 2030 (USD Million)
- 7.2.6.2. Market estimates and forecast, by product, 2017 - 2030 (USD Million)
- 7.2.6.3. Market estimates and forecast, by distribution channel, 2017 - 2030 (USD Million)
- 7.2.7. Midwest
- 7.2.7.1. Market estimates and forecast, 2017 - 2030 (USD Million)
- 7.2.7.2. Market estimates and forecast, by product, 2017 - 2030 (USD Million)
- 7.2.7.3. Market estimates and forecast, by distribution channel, 2017 - 2030 (USD Million)
- 7.2.8. Southwest
- 7.2.8.1. Market estimates and forecast, 2017 - 2030 (USD Million)
- 7.2.8.2. Market estimates and forecast, by product, 2017 - 2030 (USD Million)
- 7.2.8.3. Market estimates and forecast, by distribution channel, 2017 - 2030 (USD Million)
Chapter 8. Competitive Analysis
- 8.1. Key players, recent developments & their impact on the industry
- 8.2. Key Company/Competition Categorization (Key innovators, Market leaders, Emerging players)
- 8.3. Vendor Landscape
- 8.3.1. Key company market share analysis, 2021
Chapter 9. Company Profiles
- 9.1. Pyxus International, Inc.
- 9.1.1. Company Overview
- 9.1.2. Financial Performance
- 9.1.3. Product Benchmarking
- 9.1.4. Strategic Initiatives
- 9.2. Swedish Match AB
- 9.2.1. Company Overview
- 9.2.2. Financial Performance
- 9.2.3. Product Benchmarking
- 9.2.4. Strategic Initiatives
- 9.3. Altria Group, Inc.
- 9.3.1. Company Overview
- 9.3.2. Financial Performance
- 9.3.3. Product Benchmarking
- 9.3.4. Strategic Initiatives
- 9.4. Korea Tobacco & Ginseng Corporation
- 9.4.1. Company Overview
- 9.4.2. Financial Performance
- 9.4.3. Product Benchmarking
- 9.4.4. Strategic Initiatives
- 9.5. Imperial Brands
- 9.5.1. Company Overview
- 9.5.2. Financial Performance
- 9.5.3. Product Benchmarking
- 9.5.4. Strategic Initiatives
- 9.6. Philip Morris International
- 9.6.1. Company Overview
- 9.6.2. Financial Performance
- 9.6.3. Product Benchmarking
- 9.6.4. Strategic Initiatives
- 9.7. Universal Corporation
- 9.7.1. Company Overview
- 9.7.2. Financial Performance
- 9.7.3. Product Benchmarking
- 9.7.4. Strategic Initiatives
- 9.8. Japan Tobacco Inc.
- 9.8.1. Company Overview
- 9.8.2. Financial Performance
- 9.8.3. Product Benchmarking
- 9.8.4. Strategic Initiatives
- 9.9. Scandinavian Tobacco Group
- 9.9.1. Company Overview
- 9.9.2. Financial Performance
- 9.9.3. Product Benchmarking
- 9.9.4. Strategic Initiatives
- 9.10. Vector Group LTD.
- 9.10.1. Company Overview
- 9.10.2. Financial Performance
- 9.10.3. Product Benchmarking
- 9.10.4. Strategic Initiatives
List of Tables
- 1. U.S. tobacco market - Key market driver analysis
- 2. U.S. tobacco market - Key market restraint analysis
- 3. U.S. smokeless tobacco market estimates and forecast, 2017 - 2030 (USD Million)
- 4. U.S. cigarettes market estimates and forecast, 2017 - 2030 (USD Million)
- 5. U.S. cigar & cigarillos market estimates and forecast, 2017 - 2030 (USD Million)
- 6. U.S. next-generation products tobacco market estimates and forecast, 2017 - 2030 (USD Million)
- 7. U.S. waterpipes tobacco market estimates and forecast, 2017 - 2030 (USD Million)
- 8. U.S. tobacco market estimates and forecast, 2017 - 2030 (USD Million)
- 9. U.S. tobacco market revenue estimates and forecast by product, 2017 - 2030 (USD Million)
- 10. U.S. tobacco market revenue estimates and forecast by distribution channel, 2017 - 2030 (USD Million)
- 11. Northeast U.S. tobacco market revenue estimates and forecast, 2017 - 2030 (USD Million)
- 12. Northeast U.S. tobacco market revenue estimates and forecast by product, 2017 - 2030 (USD Million)
- 13. Northeast U.S. tobacco market revenue estimates and forecast by distribution channel, 2017 - 2030 (USD Million)
- 14. Southeast U.S. tobacco market revenue estimates and forecast, 2017 - 2030 (USD Million)
- 15. Southeast U.S. tobacco market revenue estimates and forecast by product, 2017 - 2030 (USD Million)
- 16. Southeast U.S. tobacco market revenue estimates and forecast by distribution channel, 2017 - 2030 (USD Million)
- 17. West U.S. tobacco market revenue estimates and forecast, 2017 - 2030 (USD Million)
- 18. West U.S. tobacco market revenue estimates and forecast by product, 2017 - 2030 (USD Million)
- 19. West U.S. tobacco market revenue estimates and forecast by distribution channel, 2017 - 2030 (USD Million)
- 20. Midwest U.S. tobacco market revenue estimates and forecast, 2017 - 2030 (USD Million)
- 21. Midwest U.S. tobacco market revenue estimates and forecast by product, 2017 - 2030 (USD Million)
- 22. Midwest U.S. tobacco market revenue estimates and forecast by distribution channel, 2017 - 2030 (USD Million)
- 23. Southwest U.S. tobacco market revenue estimates and forecast, 2017 - 2030 (USD Million)
- 24. Southwest U.S. tobacco market revenue estimates and forecast by product, 2017 - 2030 (USD Million)
- 25. Southwest U.S. tobacco market revenue estimates and forecast by distribution channel, 2017 - 2030 (USD Million)
- 26. Vendor landscape
List of Figures
- 1. U.S. tobacco market snapshot
- 2. U.S. tobacco market segmentation & scope
- 3. U.S. tobacco market penetration & growth prospect mapping
- 4. U.S. tobacco market value chain analysis
- 5. U.S. tobacco market dynamics
- 6. U.S. tobacco market Porter's analysis
- 7. U.S. tobacco market: Product movement analysis
- 8. U.S. tobacco market: Distribution channel movement analysis
- 9. U.S. tobacco market: Regional movement analysis
