Moist and Dry Snuff is expected to be the fastest growing segment during the forecast period 2021–2028
According to The Insight Partners market research study on “Middle East & Africa Raw Tobacco Leaves Market to 2028 – COVID-19 Impact and Regional Analysis and Forecast by Leaf Type and Application,” is expected to reach US$ 3,226.68 million by 2028 from US$ 2,794.07 million in 2021. The market is estimated to grow at a CAGR of 2.1% from 2021 to 2028. The report provides trends prevailing in the Middle East & Africa raw tobacco leaves market along with the drivers and restraints pertaining to the market growth. Heighten strategic investments, origination of distinguished premium products, and thriving consumption of tobacco products in developing countries are the major factor driving the growth of the Middle East & Africa raw tobacco leaves market. However, Up-lifting awareness about harmful effects of tobacco consumption hinder the growth of Middle East & Africa raw tobacco leaves market.
Turkey has the highest number of COVID-19 cases in the Middle East and Africa, followed by South Africa and the UAE, among others. The UAE was the first country in the Middle East & Africa to report a confirmed case of COVID-19. Due to the pandemic, there were strict lockdown in the Middle East and African countries, the lockdown scenario has affected and hampered the supply chain of the raw tobacco leaves market. The non-availability of raw materials and labor, owing to the restrictions on the movement of people, also various food and beverages companies remain closed which led to the reduction in the sale of various products which has negatively impacted the market for raw tobacco leaves market in the region.
The Middle East & Africa raw tobacco leaves market is segmented on the basis of leaf type, application, and country. Based on leaf type, the market is bifurcated into Virginia, oriental, and others. In 2020, Virginia segment held the largest share in the market and it is expected to be the fastest growing segment during the forecast period. Based on application, the raw tobacco leaves market is segmented into smoking tobacco, moist and dry snuff, and others. In 2020, smoking tobacco segment held the largest share in the market and moist and dry snuff segment is expected to be the fastest growing segment during the forecast period. Similarly, based on country the market is segmented into the Saudi Arabia, the UAE, and Rest of Middle East & Africa. In 2020, Rest of Middle East & Africa held the largest share in the market and it is expected to be the fastest growing country during the forecast period.
Universal Corporation; Sopariwala Exports; Alliance One International Inc.; Japan Tobacco International; British American Tobacco plc; Star Agritech International; BBM Bommidala Group; U.S. and Tobacco Cooperative Inc. are among the leading companies in the Middle East & Africa raw tobacco leaves market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market.
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