Tobacco Market by End-user and Geography - Forecast and Analysis 2021-2025

  • Published: Apr 2021
  • Pages: 120
  • SKU: IRTNTR70524
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The tobacco market has the potential to grow by USD 146.50 billion during 2021-2025, and the market’s growth momentum will accelerate at a CAGR of 3.51%.

This tobacco market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers market segmentation by end-user (combustible tobacco products and smokeless tobacco products) and geography (APAC, Europe, North America, MEA, and South America). The tobacco market report also offers information on several market vendors, including Altria Group Inc., British American Tobacco Plc, Djarum, Imperial Brands Plc, JT International SA, Philip Morris International Inc., Poschl Tabak GmbH and Co. KG, Pyxus International Inc., Scandinavian Tobacco Group AS, and Vector Group Ltd. among others.

What will the Tobacco Market Size be in 2021?

Tobacco-Market-Market-Size-2020-2025

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Tobacco Market: Key Drivers and Trends

The rising demand for cigars and smoking tobacco products is notably driving the tobacco market growth, although factors such as stringent regulations may impede market growth. To unlock information on the key market drivers and the COVID-19 pandemic impact on the tobacco industry get your FREE report sample now.

  • The rising demand for cigars and smoking tobacco products is one of the primary factors that will trigger the expansion of the global tobacco market size in the upcoming years.
  • There is a shift in consumer preferences and continuous product innovation of tobacco products across the globe.
  • The popularity of cigars has significantly risen because of the availability of different variants such as Cuban cigars and Caribbean cigars.
  • Premiumization in the cigar category and increasing demand for smoking tobacco products such as fine-cut tobacco will positively impact market growth.
  • The increasing use of automated techniques in manufacturing tobacco products is one of the critical trends gaining traction in the market.
  • With the help of automated manufacturing practices, vendors have been able to cut labor costs by eliminating labor-intensive traditional manufacturing techniques.
  • The increasing popularity of machine-made clove cigarettes is an example of consumer preference for more sophisticated products, which justifies the growing use of automated techniques in manufacturing tobacco products.

This tobacco market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. Get detailed insights on the trends and challenges, which will help companies evaluate and develop growth strategies.

Who are the Major Tobacco Market Vendors?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

 

  • Altria Group Inc.
  • British American Tobacco Plc
  • Djarum
  • Imperial Brands Plc
  • JT International SA
  • Philip Morris International Inc.
  • Poschl Tabak GmbH and Co. KG
  • Pyxus International Inc.
  • Scandinavian Tobacco Group AS
  • Vector Group Ltd.

 

The tobacco market is fragmented and the vendors are deploying growth strategies such as offering diversified product range to compete in the market. Click here to uncover other successful business strategies deployed by the vendors. 

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

Download a free sample of the tobacco market forecast report for insights on complete key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies. 

Which are the Key Regions for Tobacco Market?

Tobacco-Market-Market-Share-by-Region-2020-2025

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55% of the market’s growth will originate from APAC during the forecast period. China and Japan are the key markets for the tobacco market in APAC. Market growth in this region will be faster than the growth of the market in regions.

The presence of a large number of regional as well as global vendors will facilitate the tobacco market growth in APAC over the forecast period. To garner further competitive intelligence and regional opportunities in store for vendors, view our sample report.

What are the Revenue-generating End-user Segments in the Tobacco Market?

Tobacco-Market-Market-Share-by-End-2020-2025

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Cigarettes form the major product category in the combustible tobacco products segment followed by cigarillos, cigars, and fine-cut tobacco. The growth in the global combustible tobacco products market is led by the fine cut tobacco category, where products such as pipe tobacco and RYO tobacco are gaining traction in countries such as Germany, Belgium, the US, the Netherlands, and France.

Fetch actionable market insights on post COVID-19 impact on each segment. This report provides an accurate prediction of the contribution of all the segments to the growth of the tobacco market size.

 

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What are the Key Factors Covered in this Tobacco Market Report?

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will drive tobacco market growth during the next five years
  • Precise estimation of the tobacco market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the tobacco industry across APAC, Europe, North America, MEA, and South America
  • A thorough 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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Tobacco Market Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Accelerate at a CAGR of 4%

Market growth 2021-2025

$ 146.50 billion

Market structure

Fragmented

YoY growth (%)

3.28

Regional analysis

APAC, Europe, North America, MEA, and South America

Performing market contribution

APAC at 55%

Key consumer countries

China, US, Germany, Japan, and UK

Competitive landscape

Leading companies, competitive strategies, consumer engagement scope

Companies profiled

Altria Group Inc., British American Tobacco Plc, Djarum, Imperial Brands Plc, JT International SA, Philip Morris International Inc., Poschl Tabak GmbH and Co. KG, Pyxus International Inc., Scandinavian Tobacco Group AS, and Vector Group Ltd.

Market Dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for forecast period,

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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Executive Summary

    Market Landscape

    • Market ecosystem
    • Value chain analysis

    Market Sizing

    • Market definition
    • Market segment analysis
    • Market size 2020
    • Market outlook: Forecast for 2020 - 2025

    Five Forces Analysis

    • Five forces summary
    • Bargaining power of buyers
    • Bargaining power of suppliers
    • Threat of new entrants
    • Threat of substitutes
    • Threat of rivalry
    • Market condition

    Market Segmentation by End-user

    • Market segments
    • Comparison by End user
    • Combustible tobacco products - Market size and forecast 2020-2025
    • Smokeless tobacco products - Market size and forecast 2020-2025
    • Impact of COVID-19 on product segments of market and recovery from pandemic
    • Market opportunity by End user

    Customer landscape

    • Overview

    Geographic Landscape

    • Geographic segmentation
    • Geographic comparison
    • APAC - Market size and forecast 2020-2025
    • Europe - Market size and forecast 2020-2025
    • North America - Market size and forecast 2020-2025
    • MEA - Market size and forecast 2020-2025
    • South America - Market size and forecast 2020-2025
    • Key leading countries
    • Market opportunity by geography
    • Market drivers
    • Market challenges
    • Market trends

    Vendor Landscape

    • Overview
    • Landscape disruption

    Vendor Analysis

    • Vendors covered
    • Market positioning of vendors
    • Altria Group Inc.
    • British American Tobacco Plc
    • Djarum
    • Imperial Brands Plc
    • JT International SA
    • Philip Morris International Inc.
    • Poschl Tabak GmbH and Co. KG
    • Pyxus International Inc.
    • Scandinavian Tobacco Group AS
    • Vector Group Ltd.

    Appendix

    • Scope of the report
    • Currency conversion rates for US$
    • Research methodology
    • List of abbreviations

    Research Framework

    Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

    TechnavioINFORMATION SOURCES

    Primary sources

    • Manufacturers and suppliers
    • Channel partners
    • Industry experts
    • Strategic decision makers

    Secondary sources

    • Industry journals and periodicals
    • Government data
    • Financial reports of key industry players
    • Historical data
    • Press releases
    Technavio

    TechnavioDATA ANALYSIS

    Data Synthesis

    • Collation of data
    • Estimation of key figures
    • Analysis of derived insights

    Data Validation

    • Triangulation with data models
    • Reference against proprietary databases
    • Corroboration with industry experts
    Technavio

    TechnavioREPORT WRITING

    Qualitative

    • Market drivers
    • Market challenges
    • Market trends
    • Five forces analysis

    Quantitative

    • Market size and forecast
    • Market segmentation
    • Geographical insights
    • Competitive landscape
    Interested in this report?
    Get your FREE sample now!
    The tobacco market growth will increase by $146.50 billion during 2020-2025.
    The tobacco market is expected to grow at a CAGR of 3.51% during 2020-2025.
    Technavio has segmented the tobacco market by end user (Combustible tobacco products and Smokeless tobacco products) and geographic (APAC, Europe, North America, MEA, and South America).
    Altria Group Inc., British American Tobacco Plc, Djarum, Imperial Brands Plc, JT International SA, Philip Morris International Inc., Poschl Tabak GmbH and Co. KG, Pyxus International Inc., Scandinavian Tobacco Group AS, Vector Group Ltd. are a few of the key vendors in the tobacco market.
    APAC will register the highest growth rate of 54.90% among the other regions. Therefore, the tobacco market in APAC is expected to garner significant business opportunities for the vendors during the forecast period.
    • China
    • US
    • Germany
    • Japan
    • UK
    The key factors driving the tobacco market growth are:
    • Increasing new product launches
    The tobacco market vendors should focus on grabbing business opportunities from the combustible tobacco products segment as it accounted for the largest market share in the base year.
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