Market Research Report
LAMEA Tobacco Market By Product (Cigarettes, Cigar & Cigarillos, Next Generation Products, Water Pipes, Smokeless Tobacco and Other Products), By Country, Industry Analysis and Forecast, 2020 - 2026
|Published by||KBV Research||Product code||990397|
|Published||Content info||77 Pages
Delivery time: 1-2 business days
|LAMEA Tobacco Market By Product (Cigarettes, Cigar & Cigarillos, Next Generation Products, Water Pipes, Smokeless Tobacco and Other Products), By Country, Industry Analysis and Forecast, 2020 - 2026|
|Published: February 15, 2021||Content info: 77 Pages||
The Latin America, Middle East and Africa Tobacco Market would witness market growth of 4.6% CAGR during the forecast period (2020-2026).
The disposable incomes of people have increased over the past few years & due to hectic lifestyles, consumption of cigarettes has increased as consumers believe that tobacco consumption is helpful in reducing stress and anxiety. Cigarettes take less time for consumption, can be easily disposed, and the smell can be easily removed, if compared with other tobacco products. The prevalence of flavored cigarettes, which are available in different types of flavours are expected to further propel the demand for combustible cigarettes.
Furthermore, the increasing demand for cigars and smoking tobacco products is the key factor that will drive the tobacco market owing to the shifting consumer preferences and innovation of tobacco products across the world. The cigars have significantly gained popularity due to the availability of different variants like Caribbean cigars and Cuban cigars. Moreover, premiumization in the cigar category and growing demand for smoking tobacco products such as fine cut tobacco, are likely to positively impact market growth in the coming years.
Based on Product, the market is segmented into Cigarettes, Cigar & Cigarillos, Next Generation Products, Water Pipes, Smokeless Tobacco and Other Products. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Old Holdco, Inc. (Pyxus International, Inc.), Swedish Match AB, Altria Group, Inc. (Philips Morris International, Inc.), Korea Tobacco & Ginseng Corporation (KT&G Corporation), British American Tobacco PLC, Japan Tobacco, Inc. (Government of Japan), Scandinavian Tobacco Group A/S, ITC Limited, Eastern Company S.A.E, and Imperial Brands PLC.
Market Segments covered in the Report:
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List of Figures