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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Leading Manufacturers in the Cigarette Market
The cigarette market competitive landscape is shaped by a growing emphasises on sustainability and corporate social responsibility to mitigate environmental impacts and promote ethical business practices.
Philip Morris International: Established in 1847 and based in New York City, Philip Morris International is a major player in the tobacco industry, renowned for its global presence and popular brands like Marlboro.
British American Tobacco: Founded in 1902 and located in London, British American Tobacco is a significant multinational tobacco corporation, operating worldwide with well-known brands such as Dunhill and Lucky Strike.
Japan Tobacco Inc.: Founded in 1985 and headquartered in Tokyo, Japan Tobacco Inc. stands as one of the largest tobacco companies globally, distinguished for its brands including Winston and Camel.
Imperial Brands PLC: Founded in 1901 and headquartered in Bristol, UK, Imperial Brands PLC is a multinational company recognized for its extensive portfolio, which includes renowned cigarette brands like Davidoff and Gauloises.
Cigarette Market Report Snapshots
Cigarette Market Regional Analysis
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
The market was valued at USD 702.87 billion in 2023.
The market is projected to grow at a CAGR of 2.5% between 2024 and 2032.
The revenue generated from the Cigarette market is expected to reach USD 815.11 billion in 2032.
The major drivers of the market include rising disposable incomes, increasing population, marketing strategies of tobacco companies, availability of different flavours of cigarette, among other social and cultural factors.
The rise of reduced-harm products, sustainability, and environmental concerns, premiumisation of cigarette brands, and technological advancements in production are the major trends enhancing the cigarette industry growth rate.
The market is broken down into North America, Europe, Asia Pacific, Latin America, the Middle East, and Africa.
The market is categorised according to the type, which includes light, medium and others.
The market is categorised according to the distribution channel, which includes tobacco shops, supermarkets and hypermarkets, convenience stores, online stores, and others.
The market key players are Philip Morris International, British American Tobacco, Japan Tobacco Inc., and Imperial Brands PLC among others.
The Asia-Pacific region is the fastest-growing region in the global cigarette market, driven by largely due to entrenched social norms and historical tobacco use.
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