Global Tobacco Market 2023-2027
The tobacco market is forecasted to grow by USD 173.03 bn during 2022-2027, accelerating at a CAGR of 3.84% during the forecast period. The report on the tobacco market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by increasing number of new product launches, rising demand for cigars and smoking tobacco products, and increasing number of organized retail outlets selling tobacco products.
Technavio's tobacco market is segmented as below:
- By Distribution Channel
- Offline
- Online
- By Product
- Combustible tobacco products
- Smokeless tobacco products
- By Geographical Landscape
- APAC
- Europe
- North America
- Middle East and Africa
- South America
This study identifies the rising mergers and acquisitions as one of the prime reasons driving the tobacco market growth during the next few years. Also, increasing use of automated techniques in manufacturing tobacco products and growing online retailing will lead to sizable demand in the market.
The report on the tobacco market covers the following areas:
- Tobacco market sizing
- Tobacco market forecast
- Tobacco market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading tobacco market vendors that include Altria Group Inc., British American Tobacco Plc, Eastern Co. SAE, Gold Leaf Tobacco Corp., Golden Tobacco Ltd., Gudang Garam, Imperial Brands Plc, ITC Ltd., Japan Tobacco Inc., KT and G Corp., Modi Enterprises, Poschl Tabak GmbH and Co KG, PT Djarum, Pyxus International Inc, Scandinavian Tobacco Group AS, Swedish Match AB, Swisher International Inc., Universal Corp., Vector Group Ltd., and Vietnam National Tobacco Corp.. Also, the tobacco market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.