Press Release

Global Tobacco Market to Reach 1,057.59 Million by 2032

Global Tobacco Market

According to a new report by Expert Market Research, the global tobacco market size was approximately USD 877.18 million in 2023. The market is estimated to grow at a CAGR of 2.1% during 2024-2032 to reach a value of USD 1,057.59 million by 2032.

Tobacco refers to an agricultural product derived from the leaves of a plant named N. Tebacum, which belongs to the family of Solanacaea. It has gained traction all around the world due to one of its extremely addictive element called nicotine which constitutes about 3% of tobacco’s total dry weight. Tobacco grows in warm climates and is currently grown in over 125 countries. 


Worth billions of dollars, the global tobacco industry represents a substantial contributor to the world economy. Over the past several years, the global tobacco market has witnessed many changes both in terms of production and consumption patterns. During 2009-2010, the tobacco production declined as a result of a fall in cultivation in major tobacco producing countries such as India, China and Brazil. However, the production increased soon in the beginning of 2011, particularly in the developing nations. This can be accredited to growing population, rising disposable incomes, lenient government regulations, surrogated promotion by transnational companies and increasing number of tobacco consumers. According to a new report by Expert Market Research, the market reached a volume of 877.18 Million in 2023 and is further expected to reach 1,057.59 Million by 2032.

Global Tobacco Market


Read more about this report - REQUEST FREE SAMPLE COPY IN PDF


Key findings from the report:

  • The different types of tobacco products available are Cigarettes, Roll Your Own, Cigars, Cigarillos and others. In 2020, Cigarettes dominated the market with the majority of the market share.    
  • Region-wise, China represented the biggest producer of tobacco with more than one-third of the global production. This can be attributed subsidies, loans, inputs, technical or other support from governments that farmers in China receive to cultivate tobacco. China was followed by Brazil, the United States and India. 
  • Some of the top players operating in the global tobacco market include China National Tobacco Corporation, Phillip Morris International, British America Tobacco, Japan Tobacco International, Imperial Tobacco Group, India Tobacco Company Limited, Gudang Garam, Lorillard, Reynolds American and KT&G.


Expert Market Research has analysed the global tobacco market according to product type, major regions and top players:


Market breakup by Product type

  • Cigarettes
  • Roll Your Own
  • Cigars
  • Cigarillos
  • Others


Market breakup by Region

  • China
  • Brazil
  • USA
  • India
  • Others


Top players

  • China National Tobacco Corporation
  • Phillip Morris International
  • British America Tobacco
  • Japan Tobacco International
  • Imperial Tobacco Group
  • India Tobacco Company Limited
  • Gudang Garam Tbk
  • KT&G Co., Ltd.


About Us:

Expert Market Research (EMR) is a leading market research and business intelligence company, ensuring its clients remain at the vanguard of their industries by providing them with exhaustive and actionable market data through its syndicated and custom market reports, covering over 15 major industry domains. The company's expansive and ever-growing database of reports, which are constantly updated, includes reports from industry verticals like chemicals and materials, food and beverages, energy and mining, technology and media, consumer goods, pharmaceuticals, agriculture, and packaging.


EMR leverages its state-of-the-art technological and analytical tools, along with the expertise of its highly skilled team of over a 100 analysts and more than 3000 consultants, to help its clients, ranging from Fortune 1000 companies to small and medium sized enterprises, easily grasp the expansive industry data and help them in formulating market and business strategies, which ensure that they remain ahead of the curve.


Contact Us:

Expert Market Research
US & Canada Phone no: +1-415-325-5166
UK Phone no: +44-702-402-5790

*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.

Why Expert Market Research?

Right People

We are technically excellent, strategic, practical, experienced and efficient; our analysts are hand-picked based on having the right attributes to work successfully and execute projects based on your expectations.

Right Methodology

We leverage our cutting-edge technology, our access to trusted databases, and our knowledge of the current models used in the market to deliver you research solutions that are tailored to your needs and put you ahead of the curve.

Right Price

We deliver in-depth and superior quality research in prices that are reasonable, unmatchable, and shows our understanding of your resource structure. We, additionally, offer attractive discounts on our upcoming reports.

Right Support

Our team of expert analysts are at your beck and call to deliver you optimum results that are customised to meet your precise needs within the specified timeframe and help you form a better understanding of the industry.