The tobacco products market is projected to reach US$ 907,665.43 million by 2028 from US$ 782,022.19 million in 2021. It is expected to grow at a CAGR of 2.2% from 2021 to 2028.
Tobacco leaves of different varieties, such as Virginia and Burley, are blended to manufacture products such as cigarettes, cigars & cigarillos, and roll-your-own tobacco. The consumption of tobacco and related products increased worldwide during the time of economic slowdown owing to the fall in the stock markets and foreclosures, and the stress related to layoffs, which propelled many people to seek refuge through smoking. Tobacco is one of the most common addictive substances used in the world. It also contributes to the majority of the tax revenues for various nations in developed and developing economies.
Asia-Pacific held the largest share of the tobacco products market in 2020, while the Middle East & Africa is expected to register a significant CAGR in the market during the forecast period. The key players operating in the tobacco products market are expanding their operations across the Middle East & Africa owing to the potential customer base, favorable laws, and rapidly developing retail landscape across the region.
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Tobacco Products Market: Strategic Insights
Market Size Value in US$ 782,022.19 Million in 2021 Market Size Value by US$ 907,665.43 Million by 2028 Growth rate CAGR of 2.2% from 2021 to 2028 Forecast Period 2021-2028 Base Year 2021
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Tobacco Products Market: Strategic Insights
| Market Size Value in | US$ 782,022.19 Million in 2021 |
| Market Size Value by | US$ 907,665.43 Million by 2028 |
| Growth rate | CAGR of 2.2% from 2021 to 2028 |
| Forecast Period | 2021-2028 |
| Base Year | 2021 |
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Impact of COVID-19 Pandemic on Tobacco Products Market
The COVID-19 pandemic brought unprecedented challenges for many sectors in early 2020. Lockdowns, border restrictions, travel bans, manufacturing discontinuation, and other safety measures rolled out by governments as per the guidelines of the WHO and national health ministries hampered the manufacturing operations. On the other hand, according to studies conducted by the American College of Physicians, during the first 16 months of the COVID-19 pandemic, cigarette sales in the US were greater than anticipated. The majority of the tobacco companies witnessed a surge in demand for smokeless or heated tobacco products and chewing tobacco products during the pandemic. However, they faced a slight decline in retail travel sales due to travel bans.
Tobacco Products Market Breakdown – by Region
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Market Insights
Surging Demand for Noncombustible Tobacco Products Drives Market Growth
Due to the rising health concerns related to the consumption of combustible tobacco products, governments have encouraged companies to introduce several laws and regulations to keep a check on tobacco consumption. They have raised combustible tobacco taxes and lowered noncombustible tobacco prices. This resulted in a greater uptake of noncombustible products, such as e-cigarettes. For instance, the UK government adopted a holistic approach by significantly increasing the taxes on combustible tobacco products and lowering the taxes on noncombustible products. This increased the adoption of e-cigarettes in the UK market, significantly reducing the smoking prevalence rates in the country. Manufacturers have also developed oral, noncombustible, or smokeless tobacco products under the reduced-risk products (RRPs) category.
Product Type Insights
Based on product type, the tobacco products market is segmented into cigarettes, cigar & cigarillos, roll-your-own, and others. The other tobacco products segment is projected to register the highest CAGR during the forecast period. This segment includes e-cigarettes, vapes, snus, and dissolvable. The rising awareness about the harm caused by combustible tobacco products is driving the demand for noncombustible tobacco products, such as e-cigarettes, vapes, and chewing tobacco products.
Tobacco Products Market, by Product Type – 2020 and 2028
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Distribution Channel Insights
Based on distribution channel, the tobacco products market has been segmented into supermarkets & hypermarkets, convenience stores, online retail, and others. The online retail segment is projected to register the highest CAGR in the market during the forecast period. Online retail offers a convenient shopping experience to users, followed by simplified product delivery. Online retail stores offer a wide range of products at heavy discounts; also, consumers can conveniently buy desirable products remotely. Home delivery services encourage a large number of consumers to shop through e-commerce portals.
The key players operating in the tobacco products market include Altria Group, Inc.; British American Tobacco plc; Swedish Match AB; ITC Ltd.; Japan Tobacco International; Imperial Brands; Philip Morris Products S.A.; Vector Group LTD.; Pyxus International, Inc.; and China Tobacco International (HK) Company Limited. These players are engaged in developing products with reduced health risks to meet the emerging consumer trends, along with abiding by regulatory frameworks. They are involved in mergers and acquisitions, business expansions, and partnerships to expand their market share.
Report Spotlights
- Progressive industry trends in the tobacco products market to help players develop effective long-term strategies
- Business growth strategies adopted to secure growth in developed and developing markets
- Quantitative analysis of the tobacco products market from 2019 to 2028
- Estimation of global demand for tobacco products
- Porter's Five Forces analysis to illustrate the efficacy of buyers and suppliers operating in the industry
- Recent developments to understand the competitive market scenario
- Market trends and outlook as well as factors governing the growth of the tobacco products market
- Assistance in the decision-making process by highlighting market strategies that underpin commercial interest, leading to the market growth
- Size of the tobacco products market size at various nodes
- Detailed overview and segmentation of the market, and the tobacco industry dynamics
- Size of the growth in various regions with promising growth opportunities
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Product Type, and Distribution Channel
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
Argentina, Australia, Brazil, Canada, China, France, Germany, India, Italy, Japan, Mexico, Russian Federation, Saudi Arabia, South Africa, South Korea, United Arab Emirates, United Kingdom, United States
Frequently Asked Questions
Some of the prominent players operating in the global tobacco products market include Altria Group, Inc.; British American Tobacco plc; Swedish Match AB; ITC Ltd.; Japan Tobacco International; Imperial Brands; Philip Morris Products S.A.; Vector Group LTD.; Pyxus International, Inc.; and China Tobacco International (HK) Company Limited.
The tobacco products market is highly regulated. The manufacturers of tobacco products have to comply with stringent packaging and labeling regulations set by various regulatory bodies across different countries. Moreover, there are few yet dominant market players having strong distribution network and well-established customer base. Further, governments of different nations impose high duties on tobacco products to minimize their consumption. These are some of the entry barriers in the market.
In 2020, Asia-Pacific led the global tobacco products market owing to the rising number of tobacco consumers across India, China, Japan, among other countries, changing lifestyles of people, increasing disposable income level, and easy available of different brands of tobacco products in the region
Based on product type, the other tobacco products segment is projected to grow at the fastest CAGR. Other tobacco products include e-cigarettes & vapes, snus, dissolvable, among others. The growing awareness about the hazardous effects of smoking among consumers is driving the demand for e-cigarettes, vapes, and snus.
Based on distribution channel, the supermarkets and hypermarkets segment held the largest market share owing to high customer traffic in these stores coupled with availability of different brands of tobacco products under one roof.
The global tobacco products market is primarily driven by the rising consumption of tobacco products in developing regions such as Asia-Pacific and the Middle East & Africa.
1. Introduction 18
1.1 Study Scope. 18
1.2 The Insight Partners Research Report Guidance. 18
1.3 Market Segmentation. 19
2. Key Takeaways 21
3. Research Methodology 25
3.1 Scope of the Study. 25
3.2 Research Methodology. 25
3.2.1 Data Collection: 26
3.2.2 Primary Interviews: 26
3.2.3 Hypothesis Formulation: 26
3.2.4 Macro-Economic Factor Analysis: 26
3.2.5 Developing Base Number: 27
3.2.6 Data Triangulation: 27
3.2.7 Country Level Data: 27
4. Tobacco Products Market Landscape 28
4.1 Market Overview. 28
4.2 Porter's Five Forces Analysis. 28
4.2.1 Bargaining Power of Suppliers. 29
4.2.2 Bargaining Power of Buyers. 29
4.2.3 Threat of New Entrants. 30
4.2.4 Competitive Rivalry. 30
4.2.5 Threat of Substitutes. 30
4.3 Expert Opinion. 31
4.4 Value Chain Analysis. 31
4.4.1 Value Chain: Cigarette. 32
4.4.1.1 Raw Material 33
4.4.1.2 Manufacturing/Processing. 33
4.4.1.3 Packaging. 33
4.4.2 Value Chain: Snus. 34
4.4.2.1 Raw Material 34
4.4.2.2 Manufacturing/Processing. 34
4.4.2.3 Packaging. 34
5. Tobacco Products Market – Key Market Dynamics 35
5.1 Market Drivers. 35
5.1.1 Rising Consumption of Tobacco Products in Developing Economies. 35
5.2 Market Restraints. 35
5.2.1 Stringent Regulations Related to Tobacco Products. 35
5.2.2 Health Risks Associated with Tobacco Consumption. 36
5.3 Market Opportunities. 37
5.3.1 Rising Marketing Investments. 37
5.4 Future Trends. 37
5.4.1 Development of Innovative and Premium Products. 37
5.5 Impact Analysis of Drivers and Restraints. 39
6. Tobacco Products – Global Market Analysis 40
6.1 Tobacco Products Market Overview. 40
6.2 Tobacco Products Market –Revenue and Forecast to 2028 (US$ Million) 41
6.3 Competitive Positioning – Key Market Players. 42
7. Global Tobacco Products Market Analysis – By Product Type 43
7.1 Overview. 43
7.2 Global Tobacco Products Market Breakdown, by Product Type, 2020 & 2028. 43
7.3 Cigarettes. 43
7.3.1 Overview.. 43
7.3.2 Cigarettes: Tobacco Products Market – Revenue and Forecast to 2028 (US$ Million) 44
7.4 Cigar & Cigarillos. 45
7.4.1 Overview.. 45
7.4.2 Cigar & Cigarillos: Tobacco Products Market – Revenue and Forecast to 2028 (US$ Million) 45
7.5 Roll-Your-Own. 46
7.5.1 Overview.. 46
7.5.2 Roll-Your-Own: Tobacco Products Market – Revenue and Forecast to 2028 (US$ Million) 46
7.6 Others. 47
7.6.1 Overview.. 47
7.6.2 Others: Tobacco Products Market – Revenue and Forecast to 2028 (US$ Million) 47
8. Global Tobacco Products Market Analysis – By Distribution Channel 48
8.1 Overview. 48
8.2 Global Tobacco Products Market Breakdown, by Distribution Channel, 2020 & 2028. 48
8.3 Supermarkets & Hypermarkets. 48
8.3.1 Overview.. 48
8.3.2 Supermarkets & Hypermarkets: Tobacco Products Market – Revenue and Forecast to 2028 (US$ Million) 49
8.4 Convenience Stores. 50
8.4.1 Overview.. 50
8.4.2 Convenience Stores: Tobacco Products Market – Revenue and Forecast to 2028 (US$ Million) 50
8.5 Online Retail 51
8.5.1 Overview.. 51
8.5.2 Online Retail: Tobacco Products Market – Revenue and Forecast to 2028 (US$ Million) 51
8.6 Others. 52
8.6.1 Overview.. 52
8.6.2 Others: Tobacco Products Market – Revenue and Forecast to 2028 (US$ Million) 52
9. Tobacco Products Market – Geographic Analysis 53
9.1 Overview. 53
9.2 North America: Tobacco Products Market 53
9.2.1 North America: Tobacco Products Market –Revenue and Forecast to 2028 (US$ Million) 54
9.2.2 North America: Tobacco Products Market, By Product Type. 55
9.2.3 North America: Tobacco Products Market, by Distribution Channel 56
9.2.4 North America: Tobacco Products Market, by Key Country. 57
9.2.4.1 US: Tobacco Products Market – Revenue and Forecast to 2028 (US$ Million) 57
9.2.4.1.1 US: Tobacco Products Market, By Product Type. 58
9.2.4.1.2 US: Tobacco Products Market, by Distribution Channel 58
9.2.4.2 Canada: Tobacco Products Market – Revenue and Forecast to 2028 (US$ Million) 60
9.2.4.2.1 Canada: Tobacco Products Market, By Product Type. 61
9.2.4.2.2 Canada: Tobacco Products Market, by Distribution Channel 61
9.2.4.3 Mexico: Tobacco Products Market – Revenue and Forecast to 2028 (US$ Million) 62
9.2.4.3.1 Mexico: Tobacco Products Market, By Product Type. 62
9.2.4.3.2 Mexico: Tobacco Products Market, by Distribution Channel 63
9.3 Europe: Tobacco Products Market 64
9.3.1 Europe: Tobacco Products Market –Revenue and Forecast to 2028 (US$ Million) 64
9.3.2 Europe: Tobacco Products Market, By Product Type. 65
9.3.3 Europe: Tobacco Products Market, by Distribution Channel 66
9.3.4 Europe: Tobacco Products Market, by Key Country. 67
9.3.4.1 Germany: Tobacco Products Market – Revenue and Forecast to 2028 (US$ Million) 67
9.3.4.1.1 Germany: Tobacco Products Market, By Product Type. 68
9.3.4.1.2 Germany: Tobacco Products Market, by Distribution Channel 69
9.3.4.2 France: Tobacco Products Market – Revenue and Forecast to 2028 (US$ Million) 70
9.3.4.2.1 France: Tobacco Products Market, By Product Type. 70
9.3.4.2.2 France: Tobacco Products Market, by Distribution Channel 71
9.3.4.3 Italy: Tobacco Products Market – Revenue and Forecast to 2028 (US$ Million) 72
9.3.4.3.1 Italy: Tobacco Products Market, By Product Type. 72
9.3.4.3.2 Italy: Tobacco Products Market, by Distribution Channel 73
9.3.4.4 Russia: Tobacco Products Market – Revenue and Forecast to 2028 (US$ Million) 74
9.3.4.4.1 Russia: Tobacco Products Market, By Product Type. 75
9.3.4.4.2 Russia: Tobacco Products Market, by Distribution Channel 75
9.3.4.5 UK: Tobacco Products Market – Revenue and Forecast to 2028 (US$ Million) 76
9.3.4.5.1 UK: Tobacco Products Market, By Product Type. 76
9.3.4.5.2 UK: Tobacco Products Market, by Distribution Channel 77
9.3.4.6 Rest of Europe: Tobacco Products Market – Revenue and Forecast to 2028 (US$ Million) 78
9.3.4.6.1 Rest of Europe: Tobacco Products Market, By Product Type. 78
9.3.4.6.2 Rest of Europe: Tobacco Products Market, by Distribution Channel 79
9.4 Asia-Pacific: Tobacco Products Market 80
9.4.1 Asia-Pacific: Tobacco Products Market –Revenue and Forecast to 2028 (US$ Million) 80
9.4.2 Asia-Pacific: Tobacco Products Market, By Product Type. 81
9.4.3 Asia-Pacific: Tobacco Products Market, by Distribution Channel 82
9.4.4 Asia-Pacific: Tobacco Products Market, by Key Country. 83
9.4.4.1 Australia: Tobacco Products Market –Revenue and Forecast to 2028 (US$ Million) 83
9.4.4.1.1 Australia: Tobacco Products Market, By Product Type. 84
9.4.4.1.2 Australia: Tobacco Products Market, by Distribution Channel 84
9.4.4.2 China: Tobacco Products Market –Revenue and Forecast to 2028 (US$ Million) 85
9.4.4.2.1 China: Tobacco Products Market, By Product Type. 85
9.4.4.2.2 China: Tobacco Products Market, by Distribution Channel 86
9.4.4.3 India: Tobacco Products Market –Revenue and Forecast to 2028 (US$ Million) 87
9.4.4.3.1 India: Tobacco Products Market, By Product Type. 87
9.4.4.3.2 India: Tobacco Products Market, by Distribution Channel 88
9.4.4.4 Japan: Tobacco Products Market –Revenue and Forecast to 2028 (US$ Million) 89
9.4.4.4.1 Japan: Tobacco Products Market, By Product Type. 89
9.4.4.4.2 Japan: Tobacco Products Market, by Distribution Channel 90
9.4.4.5 South Korea: Tobacco Products Market –Revenue and Forecast to 2028 (US$ Million) 91
9.4.4.5.1 South Korea: Tobacco Products Market, By Product Type. 91
9.4.4.5.2 South Korea: Tobacco Products Market, by Distribution Channel 92
9.4.4.6 Rest of Asia-Pacific: Tobacco Products Market –Revenue and Forecast to 2028 (US$ Million) 93
9.4.4.6.1 Rest of Asia-Pacific: Tobacco Products Market, By Product Type. 93
9.4.4.6.2 Rest of Asia-Pacific: Tobacco Products Market, by Distribution Channel 94
9.5 Middle East & Africa: Tobacco Products Market 95
9.5.1 Middle East & Africa: Tobacco Products Market –Revenue and Forecast to 2028 (US$ Million) 95
9.5.2 Middle East & Africa: Tobacco Products Market, By Product Type. 96
9.5.3 Middle East & Africa: Tobacco Products Market, by Distribution Channel 97
9.5.4 Middle East & Africa: Tobacco Products Market, by Key Country. 98
9.5.4.1 South Africa: Tobacco Products Market –Revenue and Forecast to 2028 (US$ Million) 98
9.5.4.1.1 South Africa: Tobacco Products Market, By Product Type. 99
9.5.4.1.2 South Africa: Tobacco Products Market, by Distribution Channel 99
9.5.4.2 Saudi Arabia: Tobacco Products Market –Revenue and Forecast to 2028 (US$ Million) 100
9.5.4.2.1 Saudi Arabia: Tobacco Products Market, By Product Type. 101
9.5.4.2.2 Saudi Arabia: Tobacco Products Market, by Distribution Channel 101
9.5.4.3 UAE: Tobacco Products Market –Revenue and Forecast to 2028 (US$ Million) 102
9.5.4.3.1 UAE: Tobacco Products Market, By Product Type. 102
9.5.4.3.2 UAE: Tobacco Products Market, by Distribution Channel 103
9.5.4.4 Rest of the Middle East & Africa: Tobacco Products Market –Revenue and Forecast to 2028 (US$ Million) 104
9.5.4.4.1 Rest of the Middle East & Africa: Tobacco Products Market, By Product Type. 104
9.5.4.4.2 Rest of the Middle East & Africa: Tobacco Products Market, by Distribution Channel 105
9.6 South & Central America: Tobacco Products Market 106
9.6.1 South & Central America: Tobacco Products Market –Revenue and Forecast to 2028 (US$ Million) 106
9.6.2 South & Central America: Tobacco Products Market, By Product Type. 107
9.6.3 South & Central America: Tobacco Products Market, by Distribution Channel 108
9.6.4 South & Central America: Tobacco Products Market, by Key Country. 109
9.6.4.1 Brazil: Tobacco Products Market – Revenue and Forecast to 2028 (US$ Million) 109
9.6.4.1.1 Brazil: Tobacco Products Market, By Product Type. 110
9.6.4.1.2 Brazil: Tobacco Products Market, by Distribution Channel 111
9.6.4.2 Argentina: Tobacco Products Market – Revenue and Forecast to 2028 (US$ Million) 112
9.6.4.2.1 Argentina: Tobacco Products Market, By Product Type. 112
9.6.4.2.2 Argentina: Tobacco Products Market, by Distribution Channel 113
9.6.4.3 Rest of South & Central America: Tobacco Products Market – Revenue and Forecast to 2028 (US$ Million) 114
9.6.4.3.1 Rest of South & Central America: Tobacco Products Market, By Product Type. 114
9.6.4.3.2 Rest of South & Central America: Tobacco Products Market, by Distribution Channel 115
10. Impact of COVID-19 Pandemic on Global Tobacco Products Market 116
10.1 Overview. 116
10.2 North America: Impact Assessment of COVID-19 Pandemic. 117
10.3 Europe: Impact Assessment of COVID-19 Pandemic. 118
10.4 Asia-Pacific: Impact Assessment of COVID-19 Pandemic. 119
10.5 Middle East & Africa: Impact Assessment of COVID-19 Pandemic. 120
10.6 South & Central America: Impact Assessment of COVID-19 Pandemic. 121
11. Company Profiles 122
11.1 Altria Group, Inc. 122
11.1.1 Key Facts. 122
11.1.2 Business Description. 122
11.1.3 Products and Services. 122
11.1.4 Financial Overview.. 130
11.1.5 SWOT Analysis. 131
11.1.6 Key Developments. 131
11.2 British American Tobacco plc. 132
11.2.1 Key Facts. 132
11.2.2 Business Description. 132
11.2.3 Products and Services. 132
11.2.4 Financial Overview.. 133
11.2.5 SWOT Analysis. 134
11.2.6 Key Developments. 134
11.3 Swedish Match AB. 135
11.3.1 Key Facts. 135
11.3.2 Business Description. 135
11.3.3 Products and Services. 135
11.3.4 Financial Overview.. 136
11.3.5 SWOT Analysis. 137
11.3.6 Key Developments. 138
11.4 ITC Ltd. 139
11.4.1 Key Facts. 139
11.4.2 Business Description. 139
11.4.3 Products and Services. 139
11.4.4 Financial Overview.. 140
11.4.5 SWOT Analysis. 141
11.4.6 Key Developments. 141
11.5 Japan Tobacco International 142
11.5.1 Key Facts. 142
11.5.2 Business Description. 142
11.5.3 Products and Services. 142
11.5.4 Financial Overview.. 144
11.5.5 SWOT Analysis. 145
11.5.6 Key Developments. 146
11.6 Imperial Brands. 147
11.6.1 Key Facts. 147
11.6.2 Business Description. 147
11.6.3 Products and Services. 147
11.6.4 Financial Overview.. 148
11.6.5 SWOT Analysis. 149
11.6.6 Key Developments. 149
11.7 Vector Group LTD. 150
11.7.1 Key Facts. 150
11.7.2 Business Description. 150
11.7.3 Products and Services. 150
11.7.4 Financial Overview.. 151
11.7.5 SWOT Analysis. 152
11.7.6 Key Developments. 152
11.8 Philip Morris Products S.A. 153
11.8.1 Key Facts. 153
11.8.2 Business Description. 153
11.8.3 Products and Services. 153
11.8.4 Financial Overview.. 154
11.8.5 SWOT Analysis. 155
11.8.6 Key Developments. 155
11.9 Pyxus International, Inc. 156
11.9.1 Key Facts. 156
11.9.2 Business Description. 156
11.9.3 Products and Services. 156
11.9.4 Financial Overview.. 157
11.9.5 SWOT Analysis. 158
11.9.6 Key Developments. 158
11.10 China Tobacco International (HK) Company Limited. 159
11.10.1 Key Facts. 159
11.10.2 Business Description. 159
11.10.3 Products and Services. 159
11.10.4 Financial Overview.. 160
11.10.5 SWOT Analysis. 161
11.10.6 Key Developments. 161
12. Appendix 162
12.1 About The Insight Partners. 162
12.2 Glossary of Terms. 162
LIST OF TABLES
Table 1. Cigarette Advertising and Promotional Expenses in US$ Thousands (2018-2020) 37
Table 2. Tobacco Products Market –Revenue and Forecast to 2028 (US$ Million) 41
Table 3. North America Tobacco Products Market, By Product Type – Revenue and Forecast to 2028 (US$ Million) 55
Table 4. North America Tobacco Products Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Million) 56
Table 5. US Tobacco Products Market, Product Type – Revenue and Forecast to 2028 (US$ Million) 58
Table 6. US Tobacco Products Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Million) 58
Table 7. Canada Tobacco Products Market, By Product Type – Revenue and Forecast to 2028 (US$ Million) 61
Table 8. Canada Tobacco Products Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Million) 61
Table 9. Mexico Tobacco Products Market, By Product Type – Revenue and Forecast to 2028 (US$ Million) 62
Table 10. Mexico Tobacco Products Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Million) 63
Table 11. Europe: Tobacco Products Market, By Product Type – Revenue and Forecast to 2028 (US$ Million) 65
Table 12. Europe: Tobacco Products Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Million) 66
Table 13. Germany Tobacco Products Market, By Product Type – Revenue and Forecast to 2028 (US$ Million) 68
Table 14. Germany Tobacco Products Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Million) 69
Table 15. France Tobacco Products Market, By Product Type – Revenue and Forecast to 2028 (US$ Million) 70
Table 16. France Tobacco Products Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Million) 71
Table 17. Italy Tobacco Products Market, By Product Type – Revenue and Forecast to 2028 (US$ Million) 72
Table 18. Italy Tobacco Products Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Million) 73
Table 19. Russia Tobacco Products Market, By Product Type – Revenue and Forecast to 2028 (US$ Million) 75
Table 20. Russia Tobacco Products Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Million) 75
Table 21. UK Tobacco Products Market, By Product Type – Revenue and Forecast to 2028 (US$ Million) 76
Table 22. UK Tobacco Products Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Million) 77
Table 23. Rest of Europe Tobacco Products Market, By Product Type – Revenue and Forecast to 2028 (US$ Million) 78
Table 24. Rest of Europe Tobacco Products Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Million) 79
Table 25. Asia-Pacific Tobacco Products Market, By Product Type – Revenue and Forecast to 2028 (US$ Million) 81
Table 26. Asia-Pacific Tobacco Products Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Million) 82
Table 27. Australia Tobacco Products Market, By Product Type– Revenue and Forecast to 2028 (US$ Million) 84
Table 28. Australia Tobacco Products Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Million) 84
Table 29. China Tobacco Products Market, By Product Type – Revenue and Forecast to 2028 (US$ Million) 85
Table 30. China Tobacco Products Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Million) 86
Table 31. India Tobacco Products Market, By Product Type – Revenue and Forecast to 2028 (US$ Million) 87
Table 32. India Tobacco Products Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Million) 88
Table 33. Japan Tobacco Products Market, By Product Type – Revenue and Forecast to 2028 (US$ Million) 89
Table 34. Japan Tobacco Products Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Million) 90
Table 35. South Korea Tobacco Products Market, By Product Type – Revenue and Forecast to 2028 (US$ Million) 91
Table 36. South Korea Tobacco Products Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Million) 92
Table 37. Rest of Asia-Pacific Tobacco Products Market, By Product Type – Revenue and Forecast to 2028 (US$ Million) 93
Table 38. Rest of Asia-Pacific Tobacco Products Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Million) 94
Table 39. Middle East & Africa Tobacco Products Market, By Product Type– Revenue and Forecast to 2028 (US$ Million) 96
Table 49. South & Central America Tobacco Products Market, By Product Type – Revenue and Forecast to 2028 (US$ Million) 107
Table 50. South & Central America Tobacco Products Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Million) 108
Table 51. Brazil Tobacco Products Market, By Product Type – Revenue and Forecast to 2028 (US$ Million) 110
Table 52. Brazil Tobacco Products Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Million) 111
Table 53. Argentina Tobacco Products Market, By Product Type – Revenue and Forecast to 2028 (US$ Million) 112
Table 54. Argentina Tobacco Products Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Million) 113
Table 55. Rest of South & Central America Tobacco Products Market, By Product Type – Revenue and Forecast to 2028 (US$ Million) 114
Table 56. Rest of South & Central America Tobacco Products Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Million) 115
Table 57. Glossary of Terms, Global Tobacco Products Market 162
LIST OF FIGURES
Figure 1. Tobacco Products Market Segmentation. 19
Figure 2. Tobacco Products Market Segmentation – By Geography. 20
Figure 3. Global Tobacco Products Market Overview. 21
Figure 4. Tobacco Products Market: By Product Type. 22
Figure 5. Tobacco Products Market: By Region. 23
Figure 6. Global Tobacco Products Market, Key Market Players. 24
Figure 7. Porter's Five Forces Analysis. 29
Figure 8. Expert Opinion. 31
Figure 9. Value Chain: Cigarette. 32
Figure 10. Value Chain: Snus. 34
Figure 11. Deaths Attributed to Smoking, 2019. 36
Figure 12. Prevalence of E-cigarette in the UK (%), 2014-2020. 38
Figure 13. Global Tobacco Products Market Impact Analysis of Drivers and Restraints. 39
Figure 14. Geographic Overview of Tobacco Products Market 40
Figure 15. Global: Tobacco Products Market – Revenue and Forecast to 2028 (US$ Million) 41
Figure 16. Global Tobacco Products Market Breakdown, by Product Type, 2020 & 2028. 43
Figure 17. Cigarettes: Tobacco Products Market – Revenue and Forecast to 2028 (US$ Million) 44
Figure 18. Cigar & Cigarillos: Tobacco Products Market – Revenue and Forecast to 2028 (US$ Million) 45
Figure 19. Roll-Your-Own: Tobacco Products Market – Revenue and Forecast to 2028 (US$ Million) 46
Figure 20. Others: Tobacco Products Market – Revenue and Forecast to 2028 (US$ Million) 47
Figure 21. Global Tobacco Products Market Breakdown, by Distribution Channel, 2020 & 2028. 48
Figure 22. Supermarkets & Hypermarkets: Tobacco Products Market – Revenue and Forecast to 2028 (US$ Million) 49
Figure 23. Convenience Stores: Tobacco Products Market – Revenue and Forecast to 2028 (US$ Million) 50
Figure 24. Online Retail: Tobacco Products Market – Revenue and Forecast to 2028 (US$ Million) 51
Figure 25. Others: Tobacco Products Market – Revenue and Forecast to 2028 (US$ Million) 52
Figure 26. Global Tobacco Products Market Revenue Share, By Region (2020 and 2028) 53
Figure 27. North America: Tobacco Products Market – Revenue and Forecast to 2028 (US$ Million) 54
Figure 28. North America: Tobacco Products Market Revenue Share, By Product Type (2020 and 2028) 55
Figure 29. North America: Tobacco Products Market Revenue Share, by Distribution Channel (2020 and 2028) 56
Figure 30. North America: Tobacco Products Market Revenue Share, by Key Country (2020 and 2028) 57
Figure 31. US: Tobacco Products Market – Revenue and Forecast to 2028 (US$ Million) 57
Figure 32. Canada: Tobacco Products Market – Revenue and Forecast to 2028 (US$ Million) 60
Figure 33. Mexico: Tobacco Products Market – Revenue and Forecast to 2028 (US$ Million) 62
Figure 34. Europe: Tobacco Products Market – Revenue and Forecast to 2028 (US$ Million) 64
Figure 35. Europe: Tobacco Products Market Revenue Share, By Product Type (2020 and 2028) 65
Figure 36. Europe: Tobacco Products Market Revenue Share, by Distribution Channel (2020 and 2028) 66
Figure 37. Europe: Tobacco Products Market Revenue Share, by Key Country (2020 and 2028) 67
Figure 38. Germany: Tobacco Products Market – Revenue and Forecast to 2028 (US$ Million) 67
Figure 39. France: Tobacco Products Market – Revenue and Forecast to 2028 (US$ Million) 70
Figure 40. Italy: Tobacco Products Market – Revenue and Forecast to 2028 (US$ Million) 72
Figure 41. Russia: Tobacco Products Market – Revenue and Forecast to 2028 (US$ Million) 74
Figure 42. UK: Tobacco Products Market – Revenue and Forecast to 2028 (US$ Million) 76
Figure 43. Rest of Europe: Tobacco Products Market – Revenue and Forecast to 2028 (US$ Million) 78
Figure 44. Asia-Pacific: Tobacco Products Market – Revenue and Forecast to 2028 (US$ Million) 80
Figure 45. Asia-Pacific: Tobacco Products Market Revenue Share, By Product Type (2020 and 2028) 81
Figure 46. Asia-Pacific: Tobacco Products Market Revenue Share, by Distribution Channel (2020 and 2028) 82
Figure 47. Asia-Pacific: Tobacco Products Market Revenue Share, by Key Country (2020 and 2028) 83
Figure 48. Australia: Tobacco Products Market –Revenue and Forecast to 2028 (US$ Million) 83
Figure 49. China: Tobacco Products Market –Revenue and Forecast to 2028 (US$ Million) 85
Figure 50. India: Tobacco Products Market –Revenue and Forecast to 2028 (US$ Million) 87
Figure 51. Japan: Tobacco Products Market –Revenue and Forecast to 2028 (US$ Million) 89
Figure 52. South Korea: Tobacco Products Market –Revenue and Forecast to 2028 (US$ Million) 91
Figure 53. Rest of Asia-Pacific: Tobacco Products Market –Revenue and Forecast to 2028 (US$ Million) 93
Figure 54. Middle East & Africa: Tobacco Products Market – Revenue and Forecast to 2028 (US$ Million) 95
Figure 55. Middle East & Africa: Tobacco Products Market Revenue Share, By Product Type (2020 and 2028) 96
Figure 56. Middle East & Africa: Tobacco Products Market Revenue Share, by Distribution Channel (2020 and 2028) 97
Figure 57. Middle East & Africa: Tobacco Products Market Revenue Share, by Key Country (2020 and 2028) 98
Figure 58. South Africa: Tobacco Products Market –Revenue and Forecast to 2028 (US$ Million) 98
Figure 59. Saudi Arabia: Tobacco Products Market –Revenue and Forecast to 2028 (US$ Million) 100
Figure 60. UAE: Tobacco Products Market –Revenue and Forecast to 2028 (US$ Million) 102
Figure 61. Rest of the Middle East & Africa: Tobacco Products Market –Revenue and Forecast to 2028 (US$ Million) 104
Figure 62. South & Central America: Tobacco Products Market – Revenue and Forecast to 2028 (US$ Million) 106
Figure 63. South & Central America: Tobacco Products Market Revenue Share, By Product Type (2020 and 2028) 107
Figure 64. South & Central America: Tobacco Products Market Revenue Share, by Distribution Channel (2020 and 2028) 108
Figure 65. South & Central America: Tobacco Products Market Revenue Share, by Key Country (2020 and 2028) 109
Figure 66. Brazil: Tobacco Products Market – Revenue and Forecast to 2028 (US$ Million) 109
Figure 67. Argentina: Tobacco Products Market – Revenue and Forecast to 2028 (US$ Million) 112
Figure 68. Rest of South & Central America: Tobacco Products Market – Revenue and Forecast to 2028 (US$ Million) 114
Figure 69. Impact of COVID-19 Pandemic in North American Country Markets. 117
Figure 70. Impact of COVID-19 Pandemic in Europe Country Markets. 118
Figure 71. Impact of COVID-19 Pandemic in Asia-Pacific Country Markets. 119
Figure 72. Impact of COVID-19 Pandemic in Middle East & Africa Country Markets. 120
Figure 73. Impact of COVID-19 Pandemic in South & Central America Country Markets. 121
The List of Companies - Tobacco Products Market
- Altria Group, Inc.
- British American Tobacco plc.
- Swedish Match AB
- ITC Ltd.
- Japan Tobacco International
- Imperial Brands
- Philip Morris Products S.A.
- Vector Group LTD.
- Pyxus International, Inc.
- China Tobacco International (HK) Company Limited
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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