Market Research Report
Global Tobacco Market 2019-2025
|Global Tobacco Market 2019-2025|
Published: May 12, 2019
Orion Market Research Pvt Ltd
Delivery time: 2-3 business days
Global Tobacco Market Size, Share & Trends Analysis Report by Product Type (Cigarettes, Cigars and Cigarillos, Dissolvable Products, E-Cigarettes, Smokeless Tobacco Products, and Others) and Forecast 2019-2025
The global tobacco market is expected to grow at a significant CAGR of 2% over the forecast period. The market has faced several challenges including stringent regulations, rising health consciousness, and increasing popularity and availability of substitutes. There is a wide availability of traditional nicotine replacement therapies including gum, patches, lozenges, which enable alleviate craving. This is poised to threaten the growth of the market. The report analyzes the global tobacco market on the basis of product type and region. On the basis of product type, the market is classified into cigarettes, cigars and cigarillos, dissolvable products, e-cigarettes, smokeless tobacco products, and others.
Geographically, the market is analyzed into North America, Europe, Asia-Pacific, and the Rest of the World. Asia-Pacific led the global tobacco market in 2018 and is expected to continue the same trend over the forecast period. The growth of the region is mainly driven by China. China is the largest cigarette market across the globe with high tar cigarettes having a major share in the market, as per the Tobacco-Free Kids. However, total cigarette sales are decreasing while sales of lower tar cigarettes are increasing. In 2017, the volume sales of cigarettes increased by 0.8% compared to 2016, marking the first increase in volume sales since 2013-2014. Real retail value increased by 3.0%. Since the peak of global cigarette volume sales in 2012, the global cigarette market volume has decreased by 9.2%, however, it declined by 13.0% when excluding China's retail volume.
Moreover, the market is characterized by the presence of several players operating in the market across the globe. Some of the key market players include China National Tobacco Corp. (CNTC), British American Tobacco, Japan Tobacco International (JTI), Philip Morris International, Inc., Imperial Brands PLC, and others. The players operating in the market adopt various strategies such as product launch, and merger and acquisitions for gaining a sustainable position in the market that further propels the growth of the market. For instance, in July 2019, Imperial Brands PLC entered into an R&D partnership with Auxly Cannabis Group Inc. (Auxly), a listed Canadian cannabis company. The company invested around $95 million to further explore options for future growth.
The market study of the global tobacco market is incorporated by extensive primary and secondary research conducted by the research team. Secondary research has been conducted to refine the available data to breakdown the market in various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior, and macro-economic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives, managers, key opinion leaders, and industry experts. Primary research brings the authenticity of our reports.
Secondary Sources Include:
The report is intended for tobacco manufacturers, wholesalers, and retailers in the tobacco industry, and government organizations for overall market analysis and competitive analysis. The report provides an in-depth analysis of the market size and growth opportunities. The report will serve as a source for 360-degree analysis of the market thoroughly delivering insights into the market for making better business decisions.
The Report covers: