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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 2014-2018, reaching a volume of US$ 965.66 Billion in 2019. The market is further expected to reach US$ 1369.81 Billion by the year 2025.
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:
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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
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