Global Tobacco Market Size, Share, Growth, Trends, and Forecast (2024 - 2031)
Global Tobacco Market Scope: Historical Data (2021 – 2022), Base Year (2023), Forecast Period (2024 – 2031)
Market Segmentation: By Product Type (Cigarettes, Cigars and Cigarillos, Waterpipes, and Smokeless Devices), Distribution Channel (Supermarket/Hypermarket, Convenience Stores, Specialty Stores, and Other Distribution Channels), and Region (North America, Europe, Asia Pacific, Latin America, Middle East, and Africa)
Market Overview
The Global Tobacco Market was valued at USD 917,069.7 million in 2023 and is expected to reach USD 1,198,303.0 million by 2031 while growing at a CAGR of 3.4% during the forecast period (2024-2031).
*Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report
Market Dynamics
This section of the report will analyze various driving and restraining factors that are expected to have a significant impact on the global tobacco market growth. "Tobacco" typically denotes the plants Nicotiana tabacum and Nicotiana rustica, whose leaves are widely utilized in the production of cigarettes, cigars, pipe tobacco, and smokeless tobacco. These leaves contain nicotine, an addictive stimulant, and using tobacco poses health risks such as an elevated likelihood of lung cancer, heart disease, and respiratory disorders.
Strong brand loyalty, effective marketing strategies, and product innovations fuel the growth of the tobacco market. Nevertheless, challenges like stringent regulations, including smoking bans in public places, and health concerns may hinder its expansion.
Furthermore, the global tobacco industry will be analyzed through various tools including PESTLE analysis, and Porter’s analysis.
Segmentation – By Product Type Analysis
The Global Tobacco Market is segmented among Cigarettes, Cigars and Cigarillos, Waterpipes, and Smokeless Devices, based on product type. In 2023, Cigarettes accounted for the majority of the market share*.
*Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report
Segmentation – By Distribution Channel Analysis
The Global Tobacco Market is segmented among Supermarket/Hypermarket, Convenience Stores, Specialty Stores, and Other Distribution Channels, based on Distribution Channel. In 2023, Supermarket/Hypermarket accounted for the majority of the market share*.
*Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report
Global Tobacco Market: Regional Analysis
Based on region, the market is divided into six regions including North America, Europe, Asia Pacific, Latin America, Middle East, and Africa. In 2023, Asia Pacific dominated the market with the highest market share, while North America is expected to grow with the highest CAGR during the forecast period (2024 – 2031).
*Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report
Competitive Landscape
Some of the key players operating in the market are China National Tobacco Corporation, Philip Morris International Inc., British American Tobacco plc, Japan Tobacco Inc., Imperial Brands plc, Altria Group, Inc., PT Gudang Garam Tbk, Eastern Company SAE, KT&G Corp, and ITC Limited.
Table of Contents:
1. Research Methodology and Market Scope
Research Methodology
Market Scope
2. Executive Summary
3. Global Tobacco Market Dynamics
Drivers
Restraints
Opportunity
4. Global Tobacco Industry Analysis
PEST Analysis
Porter's Five Force Analysis
Recent Deals Analysis
5. Global Tobacco Market Segmentation, By Product Type
Global Tobacco Market Share Analysis, By Product Type
Global Tobacco Market Growth Analysis, By Product Type
Global Tobacco Market Trends, By Product Type
o Cigarettes
o Cigars and Cigarillos
o Waterpipes
o Smokeless Devices
6. Global Tobacco Market Segmentation, By Distribution Channel
Global Tobacco Market Share Analysis, By Distribution Channel
Global Tobacco Market Growth Analysis, By Distribution Channel
Global Tobacco Market Trends, By Distribution Channel
o Supermarket/Hypermarket
o Convenience Stores
o Specialty Stores
o Other Distribution Channels
7. Global Tobacco Market Segmentation, By Region
Global Tobacco Market Share Analysis, By Region
Global Tobacco Market Growth Analysis, By Region
Global Tobacco Market Trends, By Region
o North America
o Europe
o Asia Pacific
o Latin America
o Middle East
o Africa
8. Competitive Landscape
China National Tobacco Corporation*
o Company Overview
o Financial Performance
o Key Development/Strategies
o SWOT Analysis
Philip Morris International Inc
British American Tobacco plc
Japan Tobacco Inc.
Imperial Brands plc
Altria Group, Inc.
PT Gudang Garam Tbk
Eastern Company SAE
KT&G Corp
ITC Limited
*Similar analysis will be provided for each company listed above.
