Global Cigarettes, Cigars And Cigarillos Market Growth Rate 2024, Forecast To 2033
9 Jan, 2024
The market size for cigarettes, cigars, and cigarillos has steadily increased, projected to rise from $246.8 billion in 2023 to $258.15 billion in 2024, boasting a 4.6% compound annual growth rate (CAGR). Contributing factors include tobacco industry dominance, consumer habits, cultural traditions, effective marketing, and regulatory aspects such as taxation. Expectations for continued growth in the market foresee an expansion to $305.21 billion in 2028, with a CAGR of 4.3%. Anticipated influences encompass health-conscious consumer preferences, reduced smoking prevalence, regulatory changes, and the emergence of alternative products and harm reduction, reflecting global market expansion.
Global Cigarettes, Cigars And Cigarillos Market Key Driver
The world's population, projected to reach 10 billion by 2050, is driving increased demand for cigarettes, cigars, and cigarillos manufacturing. The rising population creates a higher demand for food, leading to increased trade volumes. Consequently, companies in the cigarettes, cigars, and cigarillos manufacturing sector are expected to benefit during the forecast period.
Get A Free Sample Of The Global Cigarettes, Cigars And Cigarillos Market ReportGlobal Cigarettes, Cigars And Cigarillos Market Segments
The cigarettes, cigars and cigarillos market covered in this report is segmented –
1) By Type: Cigarettes, Cigars And Cigarillos
2) By Product: Low Tar, High Tar
3) By Flavor: Tobacco/No Flavor, Flavored
4) By Distribution Channel: Supermarkets/Hypermarkets, Convenience Stores, E-Commerce, Other Distribution Channels
By Geography: The regions covered in the cigarettes, cigars and cigarillos market report are Asia-Pacific, Western Europe, Eastern Europe,North America, South America, Middle East, and Africa. Among these regions
Asia-Pacific was the largest region in the cigarettes, cigars, and cigarillos market in 2023. North America was the second-largest region in the cigarettes, cigars, and cigarillos market. The regions covered in the cigarettes, cigars and cigarillos market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Major Cigarettes, Cigars And Cigarillos Industry Players
Imperial brands plc, Altria Group Inc., British American Tobacco plc, Philip Morris International Inc., Gudang Garam, ITC Limited, Sampoerna, Swedish Match AB, Scandinavian Tobacco Group A/S, Godfrey Phillips India Ltd., Japan Tobacco International, Swisher International Inc., Habanos S.A., Davidoff of Geneva USA, Drew Estate Cigars, General Cigar Co. Inc., Gurkha Cigars, J.C. Newman Cigar Co., La Flor Dominicana, Oliva Cigar Co., Padron Cigars, Perdomo Cigars, Rocky Patel Premium Cigars, Arturo Fuente Cigars, Ashton Cigars, Alec Bradley Cigars, CAO Cigars, Crowned Heads, Dunbarton Tobacco & Trust, Espinosa Cigars, Foundation Cigar Co., Illusione Cigars, Joya de Nicaragua S.A., My Father Cigars Inc., Tatuaje Cigars
Get The Full Global Cigarettes, Cigars And Cigarillos Market Report
Cigarettes, Cigars And Cigarillos Market Overview
Cigarettes are tube-shaped tobacco products rolled in thin paper for smoking. Cigars are rolled out of dried and fermented tobacco leaves for smoking. Cigarillos are small cigarettes wrapped in tobacco leaves or tobacco-based paper.
Cigarettes, Cigars And Cigarillos Global Market Report 2023 provides data on the global cigarettes, cigars and cigarillos market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The cigarettes, cigars and cigarillos market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.