Published on : Mar 31, 2017
Albany, New York, March 31, 2017: ResearchMoz.us has added a new report to its repository, titled, “Global Cigarette Market Research Report 2017,” that studies the scope of the market after factoring in historical and current data and growth drivers and restraints.
Cigarette smoking, popular across the world notwithstanding its bad effects on health, results in staggering sales in the global tobacco market. Presently, cigarettes are available in various sizes, flavors, and colors to attract both smokers and potential smokers. The report broadly segments the market by type into women cigarettes and men cigarettes. It also segments the market based on sales channels into tobacco stores, supermarket, and online.
At the forefront of driving growth in the global cigarette market is the continued rise in the price of cigarettes and the growing popularity of premium products. Developing countries are said to be contributing the most to the global cigarettes market in terms of sales. Countering the growth in the market is the increasing awareness about the adverse effects of smoking on one’s health. Hard-hitting anti-tobacco advertisements alongside graphic pack warnings have helped reduce the number of smokers to a degree.
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Yet another major deterrent is the tobacco tax. They are the most cost-effective method to lessen tobacco use, particularly among the young and the poor. However, as per the World Health Organization, just 33 countries that contain 10% of the world's population have introduced steep taxes on tobacco products so far that cover over 75% of the retail price in tax. Notwithstanding such levies, the market is still growing mainly because of the large-scale illicit trade in tobacco products.
In order to study the global multi-billion cigarette market in-depth, the report divides it on the basis of geography into Europe, North America, Southeast Asia, China, India, and Japan. Among them, the highly populous fast-expanding economies of India and China are main drivers of growth. However, in the past couple of years there has been a slight decline in cigarette smoking in the two countries.
Having discussed the market drivers and restraints and the key segments, the report goes onto shed light on the current competitive dynamics. To that end, it studies the products, sales, revenues, market shares, and key strategies of the prominent companies. It also forecasts their growth trajectory in the foreseeable future. Further, the report discusses the important mergers and acquisitions likely to change the contours of the market.
Some such top manufacturers listed in the report are Altria Group, JMJ Group, British American Tobacco, Japan Tobacco, Dharampal Satyapal, RAI, Imperial Tobacco, Swedish Match, China National Tobacco Corporation, ITC, Manikchand Group, China National Tobacco Corporation, Gudang Garam Tbk, and KT&G Group.
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