Cigarettes Market By Product Type (Non-Filters, Flavored Cigarettes, Mild Cigarettes, Menthols, Herbal Cigarettes, Kreteks And Others)and By Region - Industry Analysis, Size, Share, Growth, Trends, And Forecast Report 2024 to 2029

Published: January, 2024
ID: 6922
Pages: 175

Cigarettes Market Size, Share, Growth (2023-2028)

Cigarettes Market was worth US$ 1097.46 billion in 2023 to US$ 1303.47 billion by 2028 and is predicted to register a CAGR of 3.50% during 2023-2028

Cigarettes Market

Cigarettes Market Scenario:

Tobacco is one of the world's most extensively used addictive substances. Tobacco refers to any of the Nicotiana species (especially Nicotiana tabacum), which was endemic to tropical America and widely farmed for their leaves, which are dried and processed for use in pipes, cigarettes, and cigars. It's also cut into chewing tobacco or ground into snuff or dipping tobacco, among other less popular uses. Cigarettes are among one of the most widely used products made of tobacco in the world. Most of the time, cigarettes are composed from a reformed tobacco product that comprises of recycled tobacco parts. Cigarettes were first available in the 9th century in the shape of reeds and smoking tubes. Juan Nepomuceno Adorno was a scientist who eventually invented cigarette-making machinery in Mexico later in the 1800s. Cigarettes were gradually introduced in a variety of shapes, sizes, colors, flavours, and intensities to suit the interests of consumers. Cigarette demand is currently increasing, rapidly expanding regions such as Asia and Africa. This is due to rising population and government rules governing cigarette production.

Global Cigarettes Market Growth:

With the increased adoption of western culture and the increased smoking options for smokers, people are smoking more cigarettes. These are expected to fuel the Cigarette market growth.

REPORT COVERAGE:

REPORT METRIC

DETAILS

Market Size Available

2022–2028

Base Year

2022

Forecast Period

2023-2028

CAGR

3.50%

Segments Covered

By Product Type, and By Region

Various Analyses Covered

Global, Regional & Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities

Regions Covered

North America, Europe, APAC, Latin America, Middle East & Africa

 

Market Leaders Profiled

China National Tobacco, British American Tobacco, Japan Tobacco Group, Philip Morris International, Imperial Tobacco Group, Altria Group, and Reynolds American

Cigarettes Market Drivers:

The acceptance of Western culture lifestyle within individuals has resulted in an increase in the proportion of female smokers, the robust distribution network of cigarette producers, and the appeal of flavored cigarettes.

Due to frenetic lifestyles in combination with severe deadlines, demanding schedules of juggling personal and professional life with inconsistent working hours in offices, flavored tobacco products are gaining major momentum and have grown considerably more widespread in the last few years across the world. In addition to mint flavoured cigarettes, these products comprise flavored smokeless tobacco, e-cigarettes or vape, small cigars and cigarillos, large cigars, and hookah, among others. Furthermore, convenience store sales of cigarettes are playing an increasingly vital role in the release of new cigarette brands or brand improvements, thanks to huge displays and global availability of brands. They come in a wide range of flavours, including confectionery, alcoholic beverages, and herbs and spices.

Cigarettes Market Restraints:

Each year, tobacco causes a high number of diseases and fatalities. As a response, governments have taken initiatives to curb cigarette sales and imposed a variety of tobacco-related tariffs. As a result, cigarette market growth is likely to be hampered throughout the projection period.

Recent Developments in the Global Cigarettes Market:

  • In 2021, ITC Ltd., India's largest cigarette firm, has successfully completed its cigarette business, aided by a favorable tax structure, a renewed focus on product innovation and design, and its extensive distribution network. The steadily rising business is flourishing with a higher growth approach.

  • In 2020, Eastern Company has introduced a new Cleopatra Box 10-cigarette pack to the Egyptian market. The packet costs EGP10 to purchase. The goal of launching this product was to boost sales volume and maintain market share by offering it at a reasonable price.

  • In 2019, In Indonesia, Philip Morris introduced a new cigarette brand named "Philip Morris Bold." Philip Morris Bold is an Indonesian kretek cigarette, which is a high-tar, high-nicotine clove cigarette. To suit consumer demand and enhance their product portfolio, this novel flavored cigarette was introduced.

Cigarettes Market Segmentation: 

By Type:

  • Flavored

  • Non-Flavored

The Cigarettes market has been divided by type into, Flavored and Non-Flavored Cigarettes. The one which took the largest Cigarettes market share was the Non-flavored. This dominance was observed as veteran smokers preferred their cigarettes to give the taste of tobacco. However, the flavored cigarettes market size is expanding at a rapid rate as new smokers find the taste of non-flavored cigarettes too strong and prefer to mellow it down with some sort of flavor, flavored cigarettes are growing at a rapid rate and is expected to outstrip the non-flavored type by 2028. It is because of these reasons that we see the non-flavored cigarettes taking the bigger Cigarettes market share.

By Distribution Channel:

  • Offline Retail Stores

  • Online Retail Stores

The Cigarettes market has been divided by distribution channel into, Offline Retail Stores and Online Retail Stores. In this segment, the one which took the larger Cigarettes market share in terms of distribution channel was Offline Retail Stores as it accounted for approximately 94% sales of cigarettes in 2021. These sales were driven primarily because of the convenience offered to smokers when they buy cigarettes. Usually cigarettes are sold at every corner store, this speaks volumes about the robust distribution channel of cigarettes. It is because of these reasons that we see sales being driven by offline retail channels and taking the bigger Cigarettes market share. This is the Cigarettes market trends we see with regards to the distribution channel.

Cigarettes Market Regional Analysis: 

The Global Cigarettes Market Report includes the segmentation of Regions:

  • North America
  1. The U.S.

  2. Canada

  3. Mexico

With a revenue of 95,725 million USD in 2021, North America is the world's third-largest market for cigarettes, with demand increasing due to the region's growing population and hectic and stressful lives. Furthermore, the availability of unique and new flavours such as menthol, mango, clove, chocolate, cherry, mint, and orange has enhanced cigarette consumption in its major markets. Furthermore, the advent of gender-specific products for female smokers, such as thin and flavored cigarettes, has helped overall cigarette sales. Furthermore, as consumers become increasingly aware of the negative health impacts of cigarettes, demand for nicotine-free e-cigarettes has increased.

During the evaluation period, these figures are predicted to increase at a steady rate, in the North American market., the Cigarettes market growth is expected to grow at a steady X.X% during the forecasted period

  • Europe
  1. The U.K.

  2. France

  3. Germany

  4. Netherlands

  5. Russia

  6. Italy

Leading the cigarettes market share in the European region, Germany comes in fourth-highest revenue-wise all over the world with annual revenue of 30,440 million USD in 2021. As the quality of life and disposable of most of the western countries are already high, consumption is increasing in the western countries, and the Cigarette market sales are predicted to do well. During the evaluation period, these figures are predicted to increase at a steady rate in the European market., the Cigarettes market growth is expected to grow at a steady X.X% during the forecasted period

  • Asia Pacific
  1. India

  2. China

  3. Japan

With over 300 million smokers, China is the world's largest producer and consumer of tobacco. Over 50% of Chinese males smoke, accounting for over 40% of global cigarette consumption. The China National Tobacco Corporation (CNTC), a state-owned enterprise (SOE), dominates the Chinese tobacco market, accounting for about 90 percent of all cigarettes sold in the country. The CNTC owns a vast number of brands, including Hong Shuangxi, Yun Yan, and Zhongnanhai, as well as smaller regional brands and derivatives. Through the use of a joint venture with the CTNC can foreign corporations manufacture and sell tobacco products. For example, after negotiating with the CNTC to promote Chinese brands internationally, Marlboro, one of the world's greatest tobacco brands, began production in China in 2008. Furthermore, the growing number of organized retail shops makes tobacco goods readily available to customers. This is one of the most important elements fueling the tobacco market's expansion across the country.

ITC Ltd, which is partly owned by British American Tobacco, controls 79 percent of India's cigarette market by volume. Godfrey Phillips India comes in second with 11% of the market, followed by VST Industries with 7.7%. Philip Morris International and Japan Tobacco each had 3.5 percent and 2% of the market. In 2017, India sold about 81.3 billion cigarettes. However, the majority of Indians still smoke bidis.

In Japan which ranks at number 5 globally revenue-wise, Japan sold over 99 billion sticks of cigarettes in the fiscal year 2020, down from around 198 billion sticks in fiscal 2011. Cigarette sales have been steadily declining over the last decade, owing to an increase in prefectural regulations on smoking in public places.

During the evaluation period, these figures are predicted to increase at a steady rate in the Asia Pacific market., the Cigarettes market growth is expected to grow at a steady X.X% during the forecasted period

Global Cigarettes Market Key Players:

  1. CNTC

  2. British American Tobacco

  3. Philip Morris Int.

  4. Imperial Brands

  5. Japan Tobacco

  6. Altria Group

  7. ITC

  8. Gudang Garam

  9. KT&G

  10. Universal Corporation

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