Tobacco Market size to grow by USD 173.03 billion from 2022 to 2027, The rising demand for cigars and smoking tobacco products to drive the market growth - Technavio

NEW YORK, May 19, 2023 /PRNewswire/ -- The tobacco market size is set to grow by USD 173.03 billion from 2022 to 2027. The market is estimated to register a CAGR of 3.84%, according to Technavio's latest market research report estimates. With a focus on identifying dominant industry influencers, Technavio's reports present a detailed study by way of synthesis, and summation of data from multiple sources. Technavio offers an up-to-date analysis of the current global market scenario and the overall market environment. View Sample Report

The report also covers the following areas:

• Tobacco Market size
• Tobacco Market trends
• Tobacco Market industry analysis

Factors such as an increasing number of new product launches, rising demand for cigars and smoking tobacco products, and increasing number of organized retail outlets selling tobacco products will offer immense growth opportunities. To leverage the current opportunities, market vendors must strengthen their foothold in the fast-growing segments, while maintaining their positions in the slow-growing segments. The tobacco market is fragmented, and the degree of fragmentation will accelerate during the forecast period.

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Tobacco Market 2023-2027: Segmentation

The Tobacco Market is segmented as follows:

• Distribution Channel
• Offline
• Online
• Product
• Combustible Tobacco Products
• Smokeless Tobacco Products
• Geography
• APAC
• Europe
• North America
• Middle East And Africa
• South America

The market share growth by the offline segment will be significant for overall market growth during the forecast period. The segment includes all traditional fixed retail channels through which tobacco products are sold, which channels include convenience stores, supermarkets, hypermarkets, tobacconists, and gas stations. Tobacco companies sell their products through vending machines and other automated kiosks and companies often invest heavily in branding and packaging to create brand loyalty and increase product appeal.

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Tobacco Market 2023-2027: Vendor Analysis and Scope

Some of the major vendors of the tobacco market include Altria Group Inc., British American Tobacco Plc, Eastern Co. SAE, Gold Leaf Tobacco Corp., Golden Tobacco Ltd., Gudang Garam, Imperial Brands Plc, ITC Ltd., Japan Tobacco Inc., KT and G Corp., Modi Enterprises, Poschl Tabak GmbH and Co KG, PT Djarum, Pyxus International Inc, Scandinavian Tobacco Group AS, Swedish Match AB, Swisher International Inc., Universal Corp., Vector Group Ltd., and Vietnam National Tobacco Corp. To help businesses improve their market position, Technavio's report provides a detailed analysis of around 15+ vendors operating in the market. To leverage the current opportunities, market vendors must strengthen their foothold in the fast-growing segments, while maintaining their positions in the slow-growing segments. Backed with competitive intelligence and benchmarking, our research reports on the tobacco market are designed to provide entry support, customer profile & M&As as well as go-to-market strategy support.

Vendor Offerings

• Altria Group Inc. - The company offers tobacco under brands such as Basic, Daves, and Marlboro.
• British American Tobacco Plc - The company offers tobacco under brands such as Dunhill and Kent.
• Gold Leaf Tobacco Corp. - The company offers tobacco under brands such as Sahawi, Sharp, and Savannah.

Tobacco Market - Market Dynamics

Key Drivers

• Rising demand for cigars and tobacco products significantly drives the tobacco market growth. 
• The demand and popularity of cigars and smoking tobacco products have increased in recent years worldwide.
• Constant product innovation and changing consumer preferences are the main factors influencing the increasing demand for cigars and smoking tobacco products around the world.
• Hence, such drivers fuel the market growth for tobacco during the forecast period.

Significant Trends

• The increasing use of automated techniques in manufacturing tobacco products is a major trend in the growth of the tobacco market. 
• The regular introduction of advanced technology helps major players in the market to automate their manufacturing processes.
• And, automated manufacturing processes enable marketers to reduce labor costs by eliminating labor-intensive traditional manufacturing techniques.
• Additionally, the growing popularity of machine-made clove cigarettes in Indonesia is another example of consumers' preference for more sophisticated products.
• Hence, such trends drive the growth of the tobacco market during the forecast period.

Major Challenges

• The increasing popularity of substitutes challenges the tobacco market growth. 
• The market faces intense competition from alternative products including e-cigarettes, heat-not-burn (HNB) products, vaping products, and other next-generation products (NGP).
• In addition, nicotine replacement therapy products such as lozenges, chewing gum, nasal sprays, and inhalers have emerged as suitable alternatives to tobacco products.
• Furthermore, the growing health awareness among consumers and rising cancer cases attributed to smoking tobacco products in several countries around the world are driving consumers to seek smokeless and safer alternatives to tobacco products.
• Hence, such factors challenge the growth of the tobacco market during the forecast period.

Tobacco Market 2023-2027: Key Highlights

• CAGR of the market during the forecast period 2023-2027
• Detailed information on factors that will assist tobacco market growth during the forecast period
• Estimation of the tobacco market size and its contribution to the parent market
• Predictions on upcoming trends and changes in consumer behavior
• The growth of the tobacco market
• Analysis of the market's competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of tobacco market vendors

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Table of Contents

1 Executive Summary

• 1.1 Market overview
• Exhibit 01: Executive Summary – Chart on Market Overview
• Exhibit 02: Executive Summary – Data Table on Market Overview
• Exhibit 03: Executive Summary – Chart on Global Market Characteristics
• Exhibit 04: Executive Summary – Chart on Market by Geography
• Exhibit 05: Executive Summary – Chart on Market Segmentation by Distribution Channel
• Exhibit 06: Executive Summary – Chart on Market Segmentation by Product
• Exhibit 07: Executive Summary – Chart on Incremental Growth
• Exhibit 08: Executive Summary – Data Table on Incremental Growth
• Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

• 2.1 Market ecosystem
• Exhibit 10: Parent market
• Exhibit 11: Market Characteristics

3 Market Sizing

• 3.1 Market definition
• Exhibit 12: Offerings of vendors included in the market definition

• 3.2 Market segment analysis
• Exhibit 13: Market segments

• 3.3 Market size 2022

• 3.4 Market outlook: Forecast for 2022-2027
• Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ billion)
• Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ billion)
• Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
• Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

4 Historic Market Size

• 4.1 Global tobacco market 2017 - 2021
• Exhibit 18: Historic Market Size – Data table on global tobacco market 2017 - 2021 ($ billion)

• 4.2 Distribution Channel Segment Analysis 2017 - 2021
• Exhibit 19: Historic Market Size – Distribution Channel Segment 2017 - 2021 ($ billion)

• 4.3 Product Segment Analysis 2017 - 2021
• Exhibit 20: Historic Market Size – Product Segment 2017 - 2021 ($ billion)

• 4.4 Geography Segment Analysis 2017 - 2021
• Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 ($ billion)

• 4.5 Country Segment Analysis 2017 - 2021
• Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ billion)

5 Five Forces Analysis

• 5.1 Five forces summary
• Exhibit 23: Five forces analysis - Comparison between 2022 and 2027

• 5.2 Bargaining power of buyers
• Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027

• 5.3 Bargaining power of suppliers
• Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027

• 5.4 Threat of new entrants
• Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027

• 5.5 Threat of substitutes
• Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027

• 5.6 Threat of rivalry
• Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027

• 5.7 Market condition
• Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

6 Market Segmentation by Distribution Channel

• 6.1 Market segments
• Exhibit 30: Chart on Distribution Channel - Market share 2022-2027 (%)
• Exhibit 31: Data Table on Distribution Channel - Market share 2022-2027 (%)

• 6.2 Comparison by Distribution Channel
• Exhibit 32: Chart on Comparison by Distribution Channel
• Exhibit 33: Data Table on Comparison by Distribution Channel

• 6.3 Offline - Market size and forecast 2022-2027
• Exhibit 34: Chart on Offline - Market size and forecast 2022-2027 ($ billion)
• Exhibit 35: Data Table on Offline - Market size and forecast 2022-2027 ($ billion)
• Exhibit 36: Chart on Offline - Year-over-year growth 2022-2027 (%)
• Exhibit 37: Data Table on Offline - Year-over-year growth 2022-2027 (%)

• 6.4 Online - Market size and forecast 2022-2027
• Exhibit 38: Chart on Online - Market size and forecast 2022-2027 ($ billion)
• Exhibit 39: Data Table on Online - Market size and forecast 2022-2027 ($ billion)
• Exhibit 40: Chart on Online - Year-over-year growth 2022-2027 (%)
• Exhibit 41: Data Table on Online - Year-over-year growth 2022-2027 (%)

• 6.5 Market opportunity by Distribution Channel
• Exhibit 42: Market opportunity by Distribution Channel ($ billion)
• Exhibit 43: Data Table on Market opportunity by Distribution Channel ($ billion)

7 Market Segmentation by Product

• 7.1 Market segments
• Exhibit 44: Chart on Product - Market share 2022-2027 (%)
• Exhibit 45: Data Table on Product - Market share 2022-2027 (%)

• 7.2 Comparison by Product
• Exhibit 46: Chart on Comparison by Product
• Exhibit 47: Data Table on Comparison by Product

• 7.3 Combustible tobacco products - Market size and forecast 2022-2027
• Exhibit 48: Chart on Combustible tobacco products - Market size and forecast 2022-2027 ($ billion)
• Exhibit 49: Data Table on Combustible tobacco products - Market size and forecast 2022-2027 ($ billion)
• Exhibit 50: Chart on Combustible tobacco products - Year-over-year growth 2022-2027 (%)
• Exhibit 51: Data Table on Combustible tobacco products - Year-over-year growth 2022-2027 (%)

• 7.4 Smokeless tobacco products - Market size and forecast 2022-2027
• Exhibit 52: Chart on Smokeless tobacco products - Market size and forecast 2022-2027 ($ billion)
• Exhibit 53: Data Table on Smokeless tobacco products - Market size and forecast 2022-2027 ($ billion)
• Exhibit 54: Chart on Smokeless tobacco products - Year-over-year growth 2022-2027 (%)
• Exhibit 55: Data Table on Smokeless tobacco products - Year-over-year growth 2022-2027 (%)

• 7.5 Market opportunity by Product
• Exhibit 56: Market opportunity by Product ($ billion)
• Exhibit 57: Data Table on Market opportunity by Product ($ billion)

8 Customer Landscape

• 8.1 Customer landscape overview
• Exhibit 58: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

• 9.1 Geographic segmentation
• Exhibit 59: Chart on Market share by geography 2022-2027 (%)
• Exhibit 60: Data Table on Market share by geography 2022-2027 (%)

• 9.2 Geographic comparison
• Exhibit 61: Chart on Geographic comparison
• Exhibit 62: Data Table on Geographic comparison

• 9.3 APAC - Market size and forecast 2022-2027
• Exhibit 63: Chart on APAC - Market size and forecast 2022-2027 ($ billion)
• Exhibit 64: Data Table on APAC - Market size and forecast 2022-2027 ($ billion)
• Exhibit 65: Chart on APAC - Year-over-year growth 2022-2027 (%)
• Exhibit 66: Data Table on APAC - Year-over-year growth 2022-2027 (%)

• 9.4 Europe - Market size and forecast 2022-2027
• Exhibit 67: Chart on Europe - Market size and forecast 2022-2027 ($ billion)
• Exhibit 68: Data Table on Europe - Market size and forecast 2022-2027 ($ billion)
• Exhibit 69: Chart on Europe - Year-over-year growth 2022-2027 (%)
• Exhibit 70: Data Table on Europe - Year-over-year growth 2022-2027 (%)

• 9.5 North America - Market size and forecast 2022-2027
• Exhibit 71: Chart on North America - Market size and forecast 2022-2027 ($ billion)
• Exhibit 72: Data Table on North America - Market size and forecast 2022-2027 ($ billion)
• Exhibit 73: Chart on North America - Year-over-year growth 2022-2027 (%)
• Exhibit 74: Data Table on North America - Year-over-year growth 2022-2027 (%)

• 9.6 Middle East and Africa - Market size and forecast 2022-2027
• Exhibit 75: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ billion)
• Exhibit 76: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ billion)
• Exhibit 77: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
• Exhibit 78: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)

• 9.7 South America - Market size and forecast 2022-2027
• Exhibit 79: Chart on South America - Market size and forecast 2022-2027 ($ billion)
• Exhibit 80: Data Table on South America - Market size and forecast 2022-2027 ($ billion)
• Exhibit 81: Chart on South America - Year-over-year growth 2022-2027 (%)
• Exhibit 82: Data Table on South America - Year-over-year growth 2022-2027 (%)

• 9.8 China - Market size and forecast 2022-2027
• Exhibit 83: Chart on China - Market size and forecast 2022-2027 ($ billion)
• Exhibit 84: Data Table on China - Market size and forecast 2022-2027 ($ billion)
• Exhibit 85: Chart on China - Year-over-year growth 2022-2027 (%)
• Exhibit 86: Data Table on China - Year-over-year growth 2022-2027 (%)

• 9.9 US - Market size and forecast 2022-2027
• Exhibit 87: Chart on US - Market size and forecast 2022-2027 ($ billion)
• Exhibit 88: Data Table on US - Market size and forecast 2022-2027 ($ billion)
• Exhibit 89: Chart on US - Year-over-year growth 2022-2027 (%)
• Exhibit 90: Data Table on US - Year-over-year growth 2022-2027 (%)

• 9.10 Germany - Market size and forecast 2022-2027
• Exhibit 91: Chart on Germany - Market size and forecast 2022-2027 ($ billion)
• Exhibit 92: Data Table on Germany - Market size and forecast 2022-2027 ($ billion)
• Exhibit 93: Chart on Germany - Year-over-year growth 2022-2027 (%)
• Exhibit 94: Data Table on Germany - Year-over-year growth 2022-2027 (%)

• 9.11 Japan - Market size and forecast 2022-2027
• Exhibit 95: Chart on Japan - Market size and forecast 2022-2027 ($ billion)
• Exhibit 96: Data Table on Japan - Market size and forecast 2022-2027 ($ billion)
• Exhibit 97: Chart on Japan - Year-over-year growth 2022-2027 (%)
• Exhibit 98: Data Table on Japan - Year-over-year growth 2022-2027 (%)

• 9.12 UK - Market size and forecast 2022-2027
• Exhibit 99: Chart on UK - Market size and forecast 2022-2027 ($ billion)
• Exhibit 100: Data Table on UK - Market size and forecast 2022-2027 ($ billion)
• Exhibit 101: Chart on UK - Year-over-year growth 2022-2027 (%)
• Exhibit 102: Data Table on UK - Year-over-year growth 2022-2027 (%)

• 9.13 Market opportunity by geography
• Exhibit 103: Market opportunity by geography ($ billion)
• Exhibit 104: Data Tables on Market opportunity by geography ($ billion)

10 Drivers, Challenges, and Trends

• 10.1 Market drivers

• 10.2 Market challenges

• 10.3 Impact of drivers and challenges
• Exhibit 105: Impact of drivers and challenges in 2022 and 2027

• 10.4 Market trends

11 Vendor Landscape

• 11.1 Overview

• 11.2 Vendor landscape
• Exhibit 106: Overview on Criticality of inputs and Factors of differentiation

• 11.3 Landscape disruption
• Exhibit 107: Overview on factors of disruption

• 11.4 Industry risks
• Exhibit 108: Impact of key risks on business

12 Vendor Analysis

• 12.1 Vendors covered
• Exhibit 109: Vendors covered

• 12.2 Market positioning of vendors
• Exhibit 110: Matrix on vendor position and classification

• 12.3 Altria Group Inc.
• Exhibit 111: Altria Group Inc. - Overview
• Exhibit 112: Altria Group Inc. - Business segments
• Exhibit 113: Altria Group Inc. - Key offerings
• Exhibit 114: Altria Group Inc. - Segment focus

• 12.4 British American Tobacco Plc
• Exhibit 115: British American Tobacco Plc - Overview
• Exhibit 116: British American Tobacco Plc - Business segments
• Exhibit 117: British American Tobacco Plc - Key news
• Exhibit 118: British American Tobacco Plc - Key offerings
• Exhibit 119: British American Tobacco Plc - Segment focus

• 12.5 Gold Leaf Tobacco Corp.
• Exhibit 120: Gold Leaf Tobacco Corp. - Overview
• Exhibit 121: Gold Leaf Tobacco Corp. - Product / Service
• Exhibit 122: Gold Leaf Tobacco Corp. - Key offerings

• 12.6 Gudang Garam
• Exhibit 123: Gudang Garam - Overview
• Exhibit 124: Gudang Garam - Product / Service
• Exhibit 125: Gudang Garam - Key offerings

• 12.7 Imperial Brands Plc
• Exhibit 126: Imperial Brands Plc - Overview
• Exhibit 127: Imperial Brands Plc - Business segments
• Exhibit 128: Imperial Brands Plc - Key news
• Exhibit 129: Imperial Brands Plc - Key offerings
• Exhibit 130: Imperial Brands Plc - Segment focus

• 12.8 ITC Ltd.
• Exhibit 131: ITC Ltd. - Overview
• Exhibit 132: ITC Ltd. - Business segments
• Exhibit 133: ITC Ltd. - Key offerings
• Exhibit 134: ITC Ltd. - Segment focus

• 12.9 Japan Tobacco Inc.
• Exhibit 135: Japan Tobacco Inc. - Overview
• Exhibit 136: Japan Tobacco Inc. - Business segments
• Exhibit 137: Japan Tobacco Inc. - Key news
• Exhibit 138: Japan Tobacco Inc. - Key offerings
• Exhibit 139: Japan Tobacco Inc. - Segment focus

• 12.10 KT and G Corp.
• Exhibit 140: KT and G Corp. - Overview
• Exhibit 141: KT and G Corp. - Business segments
• Exhibit 142: KT and G Corp. - Key offerings
• Exhibit 143: KT and G Corp. - Segment focus

• 12.11 Poschl Tabak GmbH and Co KG
• Exhibit 144: Poschl Tabak GmbH and Co KG - Overview
• Exhibit 145: Poschl Tabak GmbH and Co KG - Product / Service
• Exhibit 146: Poschl Tabak GmbH and Co KG - Key offerings

• 12.12 PT Djarum
• Exhibit 147: PT Djarum - Overview
• Exhibit 148: PT Djarum - Product / Service
• Exhibit 149: PT Djarum - Key offerings

• 12.13 Pyxus International Inc
• Exhibit 150: Pyxus International Inc - Overview
• Exhibit 151: Pyxus International Inc - Product / Service
• Exhibit 152: Pyxus International Inc - Key news
• Exhibit 153: Pyxus International Inc - Key offerings

• 12.14 Scandinavian Tobacco Group AS
• Exhibit 154: Scandinavian Tobacco Group AS - Overview
• Exhibit 155: Scandinavian Tobacco Group AS - Business segments
• Exhibit 156: Scandinavian Tobacco Group AS - Key offerings
• Exhibit 157: Scandinavian Tobacco Group AS - Segment focus

• 12.15 Swedish Match AB
• Exhibit 158: Swedish Match AB - Overview
• Exhibit 159: Swedish Match AB - Business segments
• Exhibit 160: Swedish Match AB - Key offerings
• Exhibit 161: Swedish Match AB - Segment focus

• 12.16 Swisher International Inc.
• Exhibit 162: Swisher International Inc. - Overview
• Exhibit 163: Swisher International Inc. - Product / Service
• Exhibit 164: Swisher International Inc. - Key offerings

• 12.17 Vector Group Ltd.
• Exhibit 165: Vector Group Ltd. - Overview
• Exhibit 166: Vector Group Ltd. - Business segments
• Exhibit 167: Vector Group Ltd. - Key news
• Exhibit 168: Vector Group Ltd. - Key offerings
• Exhibit 169: Vector Group Ltd. - Segment focus

13 Appendix

• 13.1 Scope of the report

• 13.2 Inclusions and exclusions checklist
• Exhibit 170: Inclusions checklist
• Exhibit 171: Exclusions checklist

• 13.3 Currency conversion rates for US$
• Exhibit 172: Currency conversion rates for US$

• 13.4 Research methodology
• Exhibit 173: Research methodology
• Exhibit 174: Validation techniques employed for market sizing
• Exhibit 175: Information sources

• 13.5 List of abbreviations
• Exhibit 176: List of abbreviations

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