Global Cigarette Market to Reach US$ 1,124 Billion by 2024 By IMARC Group

Global Cigarette Market Report, Growth Trends And Forecast 2024

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Report Description and Highlights

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Cigarette Market Report By Type (Light, Medium and Others), Distribution Channel (Tobacco Shops, Supermarket and Hypermarkets, Convenience Stores, Online Stores and others ), Region The global cigarette market has witnessed a shift in the consumption patterns and is currently growing at a steady rate. In the present scenario, the market is primarily being driven by a rise in the cigarette sales from the emerging nations.

Market Overview: A new research report by IMARC Group, titled “Cigarette Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2019-2024”, estimates that the global cigarette market was worth US$ 888 Billion in 2018. A cigarette is a thin cylindrical roll of finely cut tobacco wrapped in paper for smoking. It contains additives which are used to increase the shelf life, regulate the delivery of chemicals and control the rate at which the cigarette burns. Several variants of cigarettes also contain filters that trap some of the toxic chemicals present in cigarette smoke. Currently, cigarettes represent one of the most popular type of tobacco products worldwide. While the smoking rate has declined in developed countries over the years, the sales of cigarettes continue to rise in developing regions.

Market Trends:

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Due to hectic and stressful lifestyles of the working population, along with peer pressure and early exposure to cigarettes among adolescents, especially in emerging economies like India and China, a significant rise has been witnessed in the number of both the male and female smokers. In addition, cigarettes are now available in varied shapes, sizes, colors, intensities, and flavors like chocolate, menthol and clove. Manufacturers are also improving the taste of cigarettes by reducing bitterness, harshness and astringency to make them appealing to the youth. They are also widening their product portfolio by introducing innovative products such as e-cigarettes which contain a nicotine-based liquid that is vaporized and inhaled. Health-conscious consumers are preferring e-cigarettes as they are considered less harmful than tobacco cigarettes since no combustion takes place on their usage. On account of these factors, the market is expected to reach a value of US$ 1,124 Billion by 2024, growing at a CAGR of nearly 4% during 2019-2024.

Cigarette Market Segmentation: Market Segmentation by Type o Light o Medium, o Others Request for a sample report: https://www.imarcgroup.com/request?type=report&id=633&flag=B

Market Forecast

Sample Figure: Global: Cigarette Market Forecast: Sales Volume Trends (in Million Sticks), 2019 - 2024

184.3

191.7

199.3

207.3

2019

2020

2021

2022

215.6

224.2

2023

2024

Market Segmentation

Report Description

Based on product type, the market has been segmented as Light, Medium and Others.

Market Segmentation by Distribution Channel o o o o o

Tobacco Shops Supermarket and Hypermarkets Convenience Stores Online Stores Others

Based on distribution channel, the market has been segmented into Tobacco Shops, Supermarket and Hypermarkets, Convenience Stores, Online Stores, Others.

Market Segmentation by Region • • • •

Asia Pacific (Excluding Australia) Eastern Europe Western Europe Middle East and Africa

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Regional Segmentation

North America

Europ e

Asia- Pacific

Latin America

Middle East and Africa

Market Segmentation

Report Description • • •

North America Latin America Australia

On a geographical front, Asia Pacific currently represents the largest cigarette market, accounting for the majority of the total global share. Other major regions include North America, Western Europe, Eastern Europe, Middle East and Africa, and Latin America.

Competitive Landscape: The competitive landscape of the market has also been examined with some of the key players.

• • • • •

China National Tobacco Corporation Imperial Tobacco Group Phillip Morris International British America Tobacco Japan Tobacco International

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