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:
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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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"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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