Posted on 29 May 2017
Cigarette contains dried and crushed leaves of tobacco plant which are rolled in a thin paper for smoking. It is considered as highly addictive due to the presence of the primary psychoactive chemical, Nicotine. Cigarette currently represents the most popular and widely consumed form of tobacco, accounting for the majority of the market share. It is available in a wide range of shapes, sizes, colours and flavours.
Some of the preferred flavours include cloves, chocolate, menthol, mango, cherry, orange and mint. According to a new report by Expert Market Research, the global cigarette market witnessed a steady growth during 2009-2016, reaching a volume of US$ 840 Billion in 2016. The market is further expected to reach US$ 1054 Billion by the year 2022.
Being regarded as one of the most lucrative markets, the cigarette industry, however, is experiencing significant changes in the prevalence and consumption patterns of cigarette around the world. Due to the growing awareness of inevitable health effects caused by both active and passive smoking of cigarette, its popularity has been decreasing in the developed regions. Whereas, the developing regions such as Asia and Africa are witnessing a healthy growth on account of increasing population, rising disposable incomes and lax government regulations. Consequently, tobacco companies are now focussing on these regions in order to increase their profitability.
Key findings from the report:
Click here for summary of the report: http://www.expertmarketresearch.com/reports/cigarette-market
Expert Market Research has analysed the global cigarette market according to key type, major regions and top players:
Market breakup by Type
Market breakup by Region
Expert Market Research (EMR) is a market research and consultancy firm providing syndicated and custom research along with consultancy services to a wide clientele base which includes Fortune 1000 companies as well as small and medium enterprises. With our tailored approach, the clients gain valuable and unbiased insights that help to improve their competitive edge and realize sustainable growth.
With a keen focus on the qualitative aspect as well as accuracy of the reports, we align our resources and services as per the client’s requirement and offer a flexible engagement model that best suits their needs. We offer market intelligence across a range of industry verticals which include Pharmaceuticals, Food and Beverage, Technology, Retail, Chemical & Materials, Energy & Mining, Packaging and Agriculture.
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According to Expert Market Research, the global cigarette market grew at a CAGR of around 6% during 20090-2016.
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