Reports
Global Tobacco Market: By Product Type: Cigarettes, Roll Your Own, Cigars, Cigarillos, Others; Regional Analysis, Historical Market and Forecast (2018-2028); Market Dynamics: SWOT Analysis, Porter’s Five Forces Analysis, EMR’s Key Indicators for Demand, EMR’s Key Indicators for Price; Competitive Landscape; Industry Events and Developments
Global Tobacco Market Outlook
The global tobacco market reached a value of USD 859.14 billion in 2022, and is expected to grow at a CAGR of 2.10% in the forecast period of 2023-2028, to reach a value of USD 973.232 billion, driven by the increasing number of tobacco consumers in emerging countries.
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Tobacco contains nicotine which is highly addictive. It can be extremely hard to get rid of habits for chewing or smoking tobacco especially for consumers with difficult routines. Hence, the rapid surge in the smoking habit, owing to the changing lifestyles and hectic office schedules, is leading to an expansion of global tobacco market size.
The tobacco industry is also an important aspect of economic development as this industry provides employment opportunities in the rural areas. In addition, the tobacco market, together with the food and beverage sector, are fuelling the economies development of the emerging economic nations. However, initiatives by governments to discourage tobacco consumption habits due to health reasons may negatively affect the market share of tobacco industry.
Asia Pacific to Account for a Significant Global Tobacco Market Share
According to the tobacco industry analysis, Asia Pacific region has been contributing significantly to the growth of the global tobacco industry and is likely to continue doing so in the forecast period. The tobacco industry market share growth in the region can be attributed to the rising demand from the leading economic countries, like India and China. China has been a top producer of tobacco as tobacco leaves are widely available and there is a sizable tobacco companies market share. On the other hand, India has been adding to the regional growth as the product is getting increasingly accessible through retail channels like hypermarkets and supermarkets.
Meanwhile, North America accounts for a decent share of the overall market, with the us tobacco market size dominating the region. The U.S. tobacco market size is large in the region because of the wide consumption of cigarettes among the young population and easy availability throughout the country, augmenting the US tobacco market share.
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Cigarettes to be the Leading Segment in the Global Industry
The rising population of cigarette smokers worldwide has been the primary driver propelling the growth of the global tobacco industry and the tobacco market size as cigarettes are considered to be the most widely consumed tobacco product in the market. Along with the popularity of cigarettes, the tobacco industry is also likely to witness robust growth in the forecast period. It generates significant tax revenue for governments worldwide, which adds to economic growth. In addition, the increasing sale of cigarettes via the unorganised retail outlets in rural, semi-urban, and tier-1 cities, is a crucial tobacco industry trend.
Tobacco: Market Segmentation
Tobacco is an American native plant among the world's most extensively used addictive substances. Tobacco refers to any Nicotiana species (especially Nicotiana tabacum) and is widely farmed for their leaves, which are dried and processed for use in pipes, cigarettes, and cigars. It is also chopped into chewing tobacco, ground into snuff or dipping tobacco, and used in other less popular formulations.
Rising Number of Smokers Contributing to the Tobacco Industry Market Size
The demand for tobacco has been on the rise despite the awareness about its ill effects on health due to the hectic lifestyles of the consumers, the rising disposable incomes of the consumers, and the rising number of smokers due to peer pressure. The key players have invested heavily to boost their portfolios and attract more consumers, accounting for significant tobacco industry trends. Tobacco products are increasingly being introduced in new packaging, flavours, and styles, aiding the market growth of the product. The availability of e-cigarettes and other products with less tobacco content has also catered to the needs of the consumers, propelling the development of the product in the market further.
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Key Players in the Global Tobacco Market
The report gives a detailed analysis of the following key players in the global tobacco market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
- KT&G Co., Ltd.
- Philip Morris International Inc.
- BAT British American Tobacco p.l.c.
- JT International SA
- Imperial Brands PLC
- ITC Limited
- PT. Gudang Garam Tbk
- Scandinavian Tobacco Group A/S
- Universal Corporation
- China Tobacco International (HK) Company Limited
- Others
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
|---|---|
| Base Year | 2022 |
| Historical Period | 2018-2022 |
| Forecast Period | 2023-2028 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Type |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*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.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Snapshot
6.1 Global
6.2 Regional
7 Industry Opportunities and Challenges
8 Global Tobacco Market Analysis
8.1 Key Industry Highlights
8.2 Global Tobacco Historical Market (2018-2022)
8.3 Global Tobacco Market Forecast (2023-2028)
8.4 Global Tobacco Market by Product Type
8.4.1 Cigarettes
8.4.1.1 Market Share
8.4.1.2 Historical Trend (2018-2022)
8.4.1.3 Forecast Trend (2023-2028)
8.4.2 Roll Your Own
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2018-2022)
8.4.2.3 Forecast Trend (2023-2028)
8.4.3 Cigars
8.4.3.1 Market Share
8.4.3.2 Historical Trend (2018-2022)
8.4.3.3 Forecast Trend (2023-2028)
8.4.4 Cigarillos
8.4.4.1 Market Share
8.4.4.2 Historical Trend (2018-2022)
8.4.4.3 Forecast Trend (2023-2028)
8.4.5 Others
8.5 Global Tobacco Market by Region
8.5.1 Market Share
8.5.1.1 North America
8.5.1.2 Europe
8.5.1.3 Asia Pacific
8.5.1.4 Latin America
8.5.1.5 Middle East and Africa
9 Regional Analysis
9.1 North America
9.1.1 Historical Trend (2018-2022)
9.1.2 Forecast Trend (2023-2028)
9.1.3 Breakup by Country
9.1.3.1 United States of America
9.1.3.2 Canada
9.2 Europe
9.2.1 Historical Trend (2018-2022)
9.2.2 Forecast Trend (2023-2028)
9.2.3 Breakup by Country
9.2.3.1 United Kingdom
9.2.3.2 Germany
9.2.3.3 France
9.2.3.4 Italy
9.2.3.5 Others
9.3 Asia Pacific
9.3.1 Historical Trend (2018-2022)
9.3.2 Forecast Trend (2023-2028)
9.3.3 Breakup by Country
9.3.3.1 China
9.3.3.2 Japan
9.3.3.3 India
9.3.3.4 ASEAN
9.3.3.5 Australia
9.3.3.6 Others
9.4 Latin America
9.4.1 Historical Trend (2018-2022)
9.4.2 Forecast Trend (2023-2028)
9.4.3 Breakup by Country
9.4.3.1 Brazil
9.4.3.2 Argentina
9.4.3.3 Mexico
9.4.3.4 Others
9.5 Middle East and Africa
9.5.1 Historical Trend (2018-2022)
9.5.2 Forecast Trend (2023-2028)
9.5.3 Breakup by Country
9.5.3.1 Saudi Arabia
9.5.3.2 United Arab Emirates
9.5.3.3 Nigeria
9.5.3.4 South Africa
9.5.3.5 Others
10 Market Dynamics
10.1 SWOT Analysis
10.1.1 Strengths
10.1.2 Weaknesses
10.1.3 Opportunities
10.1.4 Threats
10.2 Porter’s Five Forces Analysis
10.2.1 Supplier’s Power
10.2.2 Buyer’s Power
10.2.3 Threat of New Entrants
10.2.4 Degree of Rivalry
10.2.5 Threat of Substitutes
10.3 Key Indicators for Demand
10.4 Key Indicators for Price
11 Value Chain Analysis
12 Trade Data Analysis
12.1 Major Exporting Countries:
12.1.1 By Value
12.1.2 By Volume
12.2 Major Importing Countries
12.2.1 By Value
12.2.2 By Volume
13 Price Analysis
14 Competitive Landscape
14.1 Market Structure
14.2 Company Profiles
14.2.1 KT&G Co., Ltd.
14.2.1.1 Company Overview
14.2.1.2 Product Portfolio
14.2.1.3 Demographic Reach and Achievements
14.2.1.4 Certifications
14.2.2 Philip Morris International Inc.
14.2.2.1 Company Overview
14.2.2.2 Product Portfolio
14.2.2.3 Demographic Reach and Achievements
14.2.2.4 Certifications
14.2.3 BAT British American Tobacco p.l.c.
14.2.3.1 Company Overview
14.2.3.2 Product Portfolio
14.2.3.3 Demographic Reach and Achievements
14.2.3.4 Certifications
14.2.4 JT International SA
14.2.4.1 Company Overview
14.2.4.2 Product Portfolio
14.2.4.3 Demographic Reach and Achievements
14.2.4.4 Certifications
14.2.5 Imperial Brands PLC
14.2.5.1 Company Overview
14.2.5.2 Product Portfolio
14.2.5.3 Demographic Reach and Achievements
14.2.5.4 Certifications
14.2.6 ITC Limited
14.2.6.1 Company Overview
14.2.6.2 Product Portfolio
14.2.6.3 Demographic Reach and Achievements
14.2.6.4 Certifications
14.2.7 PT. Gudang Garam Tbk
14.2.7.1 Company Overview
14.2.7.2 Product Portfolio
14.2.7.3 Demographic Reach and Achievements
14.2.7.4 Certifications
14.2.8 Scandinavian Tobacco Group A/S
14.2.8.1 Company Overview
14.2.8.2 Product Portfolio
14.2.8.3 Demographic Reach and Achievements
14.2.8.4 Certifications
14.2.9 Universal Corporation
14.2.9.1 Company Overview
14.2.9.2 Product Portfolio
14.2.9.3 Demographic Reach and Achievements
14.2.9.4 Certifications
14.2.10 China Tobacco International (HK) Company Limited
14.2.10.1 Company Overview
14.2.10.2 Product Portfolio
14.2.10.3 Demographic Reach and Achievements
14.2.10.4 Certifications
14.2.11 Others
15 Industry Events and Developments
Additional Customisations Available
1 Manufacturing Process
1.1 Overview
1.2 Detailed Process Flow
1.3 Operation Involved
2 Project Requirement and Cost Analysis
2.1 Land, Location and Site Development
2.2 Construction
2.3 Plant Machinery
2.4 Cost of Raw Material
2.5 Packaging
2.6 Transportation
2.7 Utilities
2.8 Manpower
2.9 Other Capital Investment
List of Key Figures and Tables
1. Global Tobacco Market: Key Industry Highlights, 2018 and 2028
2. Global Tobacco Historical Market: Breakup by Product Type (USD Billion), 2018-2022
3. Global Tobacco Market Forecast: Breakup by Product Type (USD Billion), 2023-2028
4. Global Tobacco Historical Market: Breakup by Region (USD Billion), 2018-2022
5. Global Tobacco Market Forecast: Breakup by Region (USD Billion), 2023-2028
6. North America Tobacco Historical Market: Breakup by Country (USD Billion), 2018-2022
7. North America Tobacco Market Forecast: Breakup by Country (USD Billion), 2023-2028
8. Europe Tobacco Historical Market: Breakup by Country (USD Billion), 2018-2022
9. Europe Tobacco Market Forecast: Breakup by Country (USD Billion), 2023-2028
10. Asia Pacific Tobacco Historical Market: Breakup by Country (USD Billion), 2018-2022
11. Asia Pacific Tobacco Market Forecast: Breakup by Country (USD Billion), 2023-2028
12. Latin America Tobacco Historical Market: Breakup by Country (USD Billion), 2018-2022
13. Latin America Tobacco Market Forecast: Breakup by Country (USD Billion), 2023-2028
14. Middle East and Africa Tobacco Historical Market: Breakup by Country (USD Billion), 2018-2022
15. Middle East and Africa Tobacco Market Forecast: Breakup by Country (USD Billion), 2023-2028
16. Major Exporting Countries by Value
17. Major Importing Countries by Value
18. Major Exporting Countries by Volume
19. Major Importing Countries by Volume
20. Global Tobacco Market Structure
Key Questions Answered in the Report
In 2022, the global tobacco market attained a volume of nearly USD 859.14 billion.
The market is projected to grow at a CAGR of around 2.1% in the forecast period of 2023-2028.
The market is estimated to witness a healthy growth in the forecast period of 2023-2028 to reach a value of USD 973.232 billion by 2028.
The major drivers of the market include the increasing population, elevating income levels of consumers, lenient government regulations, rising investments in the research and development of new products, increased adoption of innovative marketing methods, and the availability of various flavours and different packaging options.
The increasing number of tobacco consumers in emerging nations and the introduction of numerous premium tobacco products are the key industry trends propelling the market growth.
The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
Cigarettes, roll your own, cigars, and cigarillos, among others are the different product types explored in the market report.
The major players in the market are KT&G Co., Ltd., Philip Morris International Inc., BAT British American Tobacco p.l.c., JT International SA, Imperial Brands PLC, ITC Limited, PT. Gudang Garam Tbk, Scandinavian Tobacco Group A/S, Universal Corporation, and China Tobacco International (HK) Company Limited, among others.
Analyst Review
The global tobacco market was estimated to be worth USD 859.14 billion in 2022 and is being driven by the increasing number of tobacco consumers worldwide. Aided by the elevating income levels and the introduction of numerous premium tobacco products, the market is expected to witness a steady growth at a CAGR of 2.1% in the forecast period of 2023-2028 to reach a value of USD 973.232 billion by 2028.
EMR's meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. By product type, the market can be segmented into cigarettes, roll your own, cigars, and cigarillos, among others. The major regional markets for tobacco are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The major players in the industry are KT&G Co., Ltd., Philip Morris International Inc., BAT British American Tobacco p.l.c., JT International SA, Imperial Brands PLC, ITC Limited, PT. Gudang Garam Tbk, Scandinavian Tobacco Group A/S, Universal Corporation, and China Tobacco International (HK) Company Limited, among others.
EMR's research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable and help them remain ahead of their competition.
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