Cigarettes Market report published by Market Data Forecast provides a detailed account of the Market Trends via Customized Research presented as Strategic Analyses, Company Profiles, Competitive Landscape, etc. According to the report the Cigarettes Market is estimated to be USD xx billion in 2017 and predicted to rise to USD xx billion by 2022 with a CAGR of xx%. The market is segmented by Product Type (Non-Filters, Flavored Cigarettes, Mild Cigarettes, Menthols, Herbal Cigarettes, Kreteks and Others). Further the market is also geographically segmented into North America, Europe, Asia-Pacific, Latin America, Middle East and Africa.
The major factor driving the cigarettes market is the increasing consumption of cigarettes due to the addiction caused by smoking them. Increasing popularity among younger population, shifting to low priced products and introduction of products which contain less or no nicotine content are driving the market. However, increasing regulations on tobacco consumption such as increased taxes, Anti-tobacco campaigns and increasing awareness of the harmful effects of cigarettes are hindering the market growth.
There are very few manufacturers for non-filters as the filters help in reducing the tar and nicotine content. Menthols and Flavored cigarettes are rapidly gaining the market share due to their distinct tastes. Mild cigarettes, lights and ultra lights contain less nicotine content and are gaining popularity with increasing awareness among people.
Asia Pacific leads the Cigarettes market. Asia Pacific is the largest market for cigarettes in the world. Although the cigarettes market growth is declining the increase in population in this region is resulting in the increase of sales. This region is also expected to be the fastest growing market.
Some of the major players in Cigarettes market are China National Tobacco, British American Tobacco, Japan Tobacco Group, Philip Morris International, Imperial Tobacco Group, Altria Group, and Reynolds American.
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