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Global Cigarette Market to Reach US$ 1125 Billion by 2024

"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 2014-2018, reaching a volume of US$ 911 Billion in 2018. The market is further expected to reach US$ 1125 Billion by the year 2024.

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:

  • The major types of cigarette include Virginia (flue-cured), American blend, dark and oriental cigarettes.
  • Region-wise, Asia-Pacific dominated the market with a share of more than a fifth of the total global production in 2018. It was followed by Eastern Europe, Western Europe, North America, South America, and Middle East and Africa.
  • Being highly concentrated in nature, the global cigarette market is surrounded by top five dominant players. These include China National Tobacco Corporation, Phillip Morris International, British American Tobacco, Japan Tobacco International and Imperial Tobacco Group.

global cigarette market

Click here for summary of the report: https://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

  • Virginia (flue-cured) Cigarettes
  • American Blend Cigarettes
  • Dark Cigarettes
  • Oriental Cigarettes

Market breakup by Region

  • Asia-Pacific
  • Eastern Europe
  • Western Europe
  • North America
  • South America
  • Middle East and Africa

Top players

  • China National Tobacco Corporation
  • Phillip Morris International
  • British American Tobacco
  • Japan Tobacco International
  • Imperial Tobacco Group

 

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"Global Cigarette Market: By Region: Asia Pacific, Eastern Europe, Western Europe, North America, South America, Middle East and Africa; By Type: Virginia (flue-cured) Cigarettes, American blend Cigarettes, Dark Cigarettes, Oriental Cigarettes; SWOT Analysis; Historical Production and Consumption (2014-2018); Production and Consumption Forecast (2019-2024); Competitive Landscape"

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