Tobacco Products Market Forecast to 2028

Tobacco Products Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Product Type (Cigarettes, Cigars & Cigarillos, Roll-Your-Own, and Others) and Distribution Channel (Supermarkets & Hypermarkets, Convenience Stores, Online Retail, and Others)

Report Code : TIPRE00027854 | Region : Global | Industry : Consumer Goods | Published Date : 23/Mar/2022

The tobacco products market is projected to reach US$ 907,665.43 million by 2028 from US$ 782,022.19 million in 2021. It is expected to grow at a CAGR of 2.2% from 2021 to 2028.

Tobacco products include cigarettes, cigars, cigarillos, e-cigarettes, vapes, snus/snuff, dissolvable tobacco products, among others. The rising number of smokers in developing regions such as Asia-Pacific and the Middle East & Africa is primarily driving the growth of the tobacco products market. Moreover, manufacturers are developing premium and low-risk products, having reduced health implications than combustibles. These products are expected to gain massive traction among people with the rapidly growing awareness regarding harm caused by smoking.

Based on product type, the tobacco products market is segmented into cigarettes, cigars & cigarillos, roll-your-own, and others. The cigarettes segment accounted for the largest market share in 2020. Virginia, Burley, and Oriental are the three main categories of tobacco. These three tobacco categories are blended in different proportions to manufacture different cigarette types. The rising number of female smokers with the growing popularity of flavored cigarettes is supporting the market growth. Cigarettes are available in various flavors, including confectioneries, alcoholic beverages, herbs, and spices. Menthol is one of the most widely used and recognizable flavors in tobacco products. According to the World Health Organization (WHO), menthol-flavored cigarettes represented ~10% of the total cigarette market with a share greater than 25% in many countries, including the Philippines, Chile, Singapore, and the US, in 2018.

Based on geography, the tobacco products market is primarily segmented into North America, Europe, Asia-Pacific (APAC), the Middle East & Africa (MEA), and South & Central America. In 2020, Asia-Pacific held the largest share of the market, and the MEA is expected to register the highest CAGR in the market during the forecast period. Many tobacco companies are increasingly targeting developing economies such as India and Bangladesh to expand their business operations as these markets have strong growth potential. Asia-Pacific is one of the significant producers and consumers of tobacco products globally. Moreover, the laws imposed on tobacco products in countries such as India are lenient compared to the laws in developed countries. These factors are fueling the growth of the tobacco products market across Asia-Pacific.

The leading players in the tobacco products market include Altria Group, Inc.; British American Tobacco plc; Swedish Match AB; ITC Ltd.; Japan Tobacco International; Imperial Brands; Philip Morris Products S.A.; Vector Group LTD.; Pyxus International, Inc.; and China Tobacco International (HK) Company Limited. These players are developing reduced-risk products (RRPs) to address the growing concerns regarding the harms of combustible tobacco products. RRPs include heated tobacco products such as e-cigarettes and vapes, and smokeless tobacco products such as snus and dissolvable tobacco. The rising development of low-risk tobacco products by key players operating in the market is expected to support the growth of the tobacco products market in the coming years.

The size of the tobacco products market has been derived using primary and secondary sources. To begin the research process, exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the market. Also, multiple primary interviews have been conducted with industry participants to validate the data and gain more analytical insights. Participants of this process include industry experts such as VPs, business development managers, market intelligence managers, national sales managers, and external consultants, including valuation experts, research analysts, and key opinion leaders, specializing in the tobacco products market.

The scope of our recent study titled “Tobacco Products Market Forecast to 2028 – COVID-19 Impact and Global Analysis – by Product Type (Cigarettes, Cigars & Cigarillos, Roll-Your-Own, and Others) and Distribution Channel (Supermarkets & Hypermarkets, Convenience Stores, Online Retail, and Others)" includes the description of factors fueling the market growth, estimation and forecast of revenue, and identification of significant market players and their key developments, along with market share analysis.

The tobacco products market is projected to reach US$ 907,665.43 million by 2028 from US$ 782,022.19 million in 2021. It is expected to grow at a CAGR of 2.2% from 2021 to 2028.

Although tobacco products are addictive and harmful, they are used widely across the world. This has compelled the US Food and Drugs Administration to make exclusive additions to their regulations. Tobacco is used in the production of chewing tobacco, smoking tobacco, cigarettes, and cigar. The tobacco plant can be easily grown in all weather and environmental conditions, such as moist or warm. The rising consumption of tobacco in developing countries is attributed to increasing per capita income, less stringent government regulations, and the growing influence of western culture.

Based on distribution channel, the tobacco products market has been segmented into supermarkets & hypermarkets, convenience stores, online retail, and others. The supermarkets & hypermarkets segment held a significant share of the market in 2020, and the online retail segment is projected to register the highest CAGR during the forecast period. E-commerce platforms offer a wide range of products of different brands. The manufacturers of tobacco products prefer selling their products through e-commerce platforms as they are popular among youngsters. Buyers can easily compare among different products and choose the right product for them. Moreover, these channels include the detailed description of products, along with customer reviews, which helps customers in choosing the right product.

Based on geography, the tobacco products market is primarily segmented into North America, Europe, Asia-Pacific (APAC), the Middle East & Africa (MEA), and South & Central America (SAM). Asia-Pacific accounted for the largest share of the market. China, Japan, and India are among the key producers of tobacco in the region. Moreover, the presence of leading companies such as ITC Ltd.; Japan Tobacco International; Imperial Brands; and China Tobacco International (HK) Company Limited is also driving the growth of the tobacco products market across the region.

Impact of COVID-19 Pandemic on Tobacco Products Market

Covid-19 pandemic has been declared as respiratory disease and creates breathing issues owing to which people are avoiding smoking. Also, smokers are advised to quit smoking to lower the risk of getting infected by the virus. This factor significantly affects the sales of tobacco products. However, the production of tobacco products increased significantly as the manufacturers started operating with full capacity in 2021. The people from a majority of the nations are fully vaccinated, and government restrictions have been lifted, which is boosting the growth of the tobacco products market.

Tobacco Products Market Breakdown – by Region

The report segments the tobacco products market as follows:

Based on product type, the tobacco products market is segmented into cigarettes, cigars & cigarillos, roll-your-own, and others. In terms of distribution channel, the market is segmented into supermarkets & hypermarkets, convenience stores, online retail, and others. Based on geography, the tobacco products market is primarily segmented into North America, Europe, Asia-Pacific (APAC), the Middle East & Africa (MEA), and South & Central America (SAM).

TABLE OF CONTENTS

1. Introduction 18

1.1 Study Scope 18

1.2 The Insight Partners Research Report Guidance 18

1.3 Market Segmentation 19

2. Key Takeaways 21

3. Research Methodology 25

3.1 Scope of the Study 25

3.2 Research Methodology 25

3.2.1 Data Collection: 26

3.2.2 Primary Interviews: 26

3.2.3 Hypothesis Formulation: 26

3.2.4 Macro-Economic Factor Analysis: 26

3.2.5 Developing Base Number: 27

3.2.6 Data Triangulation: 27

3.2.7 Country Level Data: 27

4. Tobacco Products Market Landscape 28

4.1 Market Overview 28

4.2 Porter's Five Forces Analysis 28

4.2.1 Bargaining Power of Suppliers 29

4.2.2 Bargaining Power of Buyers 29

4.2.3 Threat of New Entrants 30

4.2.4 Competitive Rivalry 30

4.2.5 Threat of Substitutes 30

4.3 Expert Opinion 31

4.4 Value Chain Analysis 31

4.4.1 Value Chain: Cigarette 32

4.4.1.1 Raw Material 33

4.4.1.2 Manufacturing/Processing 33

4.4.1.3 Packaging 33

4.4.2 Value Chain: Snus 34

4.4.2.1 Raw Material 34

4.4.2.2 Manufacturing/Processing 34

4.4.2.3 Packaging 34

5. Tobacco Products Market – Key Market Dynamics 35

5.1 Market Drivers 35

5.1.1 Rising Consumption of Tobacco Products in Developing Economies 35

5.2 Market Restraints 35

5.2.1 Stringent Regulations Related to Tobacco Products 35

5.2.2 Health Risks Associated with Tobacco Consumption 36

5.3 Market Opportunities 37

5.3.1 Rising Marketing Investments 37

5.4 Future Trends 37

5.4.1 Development of Innovative and Premium Products 37

5.5 Impact Analysis of Drivers and Restraints 39

6. Tobacco Products – Global Market Analysis 40

6.1 Tobacco Products Market Overview 40

6.2 Tobacco Products Market –Revenue and Forecast to 2028 (US$ Million) 41

6.3 Competitive Positioning – Key Market Players 42

7. Global Tobacco Products Market Analysis – By Product Type 43

7.1 Overview 43

7.2 Global Tobacco Products Market Breakdown, by Product Type, 2020 & 2028 43

7.3 Cigarettes 43

7.3.1 Overview 43

7.3.2 Cigarettes: Tobacco Products Market – Revenue and Forecast to 2028 (US$ Million) 44

7.4 Cigar & Cigarillos 45

7.4.1 Overview 45

7.4.2 Cigar & Cigarillos: Tobacco Products Market – Revenue and Forecast to 2028 (US$ Million) 45

7.5 Roll-Your-Own 46

7.5.1 Overview 46

7.5.2 Roll-Your-Own: Tobacco Products Market – Revenue and Forecast to 2028 (US$ Million) 46

7.6 Others 47

7.6.1 Overview 47

7.6.2 Others: Tobacco Products Market – Revenue and Forecast to 2028 (US$ Million) 47

8. Global Tobacco Products Market Analysis – By Distribution Channel 48

8.1 Overview 48

8.2 Global Tobacco Products Market Breakdown, by Distribution Channel, 2020 & 2028 48

8.3 Supermarkets & Hypermarkets 48

8.3.1 Overview 48

8.3.2 Supermarkets & Hypermarkets: Tobacco Products Market – Revenue and Forecast to 2028 (US$ Million) 49

8.4 Convenience Stores 50

8.4.1 Overview 50

8.4.2 Convenience Stores: Tobacco Products Market – Revenue and Forecast to 2028 (US$ Million) 50

8.5 Online Retail 51

8.5.1 Overview 51

8.5.2 Online Retail: Tobacco Products Market – Revenue and Forecast to 2028 (US$ Million) 51

8.6 Others 52

8.6.1 Overview 52

8.6.2 Others: Tobacco Products Market – Revenue and Forecast to 2028 (US$ Million) 52

9. Tobacco Products Market – Geographic Analysis 53

9.1 Overview 53

9.2 North America: Tobacco Products Market 53

9.2.1 North America: Tobacco Products Market –Revenue and Forecast to 2028 (US$ Million) 54

9.2.2 North America: Tobacco Products Market, By Product Type 55

9.2.3 North America: Tobacco Products Market, by Distribution Channel 56

9.2.4 North America: Tobacco Products Market, by Key Country 57

9.2.4.1 US: Tobacco Products Market – Revenue and Forecast to 2028 (US$ Million) 57

9.2.4.1.1 US: Tobacco Products Market, By Product Type 58

9.2.4.1.2 US: Tobacco Products Market, by Distribution Channel 58

9.2.4.2 Canada: Tobacco Products Market – Revenue and Forecast to 2028 (US$ Million) 60

9.2.4.2.1 Canada: Tobacco Products Market, By Product Type 61

9.2.4.2.2 Canada: Tobacco Products Market, by Distribution Channel 61

9.2.4.3 Mexico: Tobacco Products Market – Revenue and Forecast to 2028 (US$ Million) 62

9.2.4.3.1 Mexico: Tobacco Products Market, By Product Type 62

9.2.4.3.2 Mexico: Tobacco Products Market, by Distribution Channel 63

9.3 Europe: Tobacco Products Market 64

9.3.1 Europe: Tobacco Products Market –Revenue and Forecast to 2028 (US$ Million) 64

9.3.2 Europe: Tobacco Products Market, By Product Type 65

9.3.3 Europe: Tobacco Products Market, by Distribution Channel 66

9.3.4 Europe: Tobacco Products Market, by Key Country 67

9.3.4.1 Germany: Tobacco Products Market – Revenue and Forecast to 2028 (US$ Million) 67

9.3.4.1.1 Germany: Tobacco Products Market, By Product Type 68

9.3.4.1.2 Germany: Tobacco Products Market, by Distribution Channel 69

9.3.4.2 France: Tobacco Products Market – Revenue and Forecast to 2028 (US$ Million) 70

9.3.4.2.1 France: Tobacco Products Market, By Product Type 70

9.3.4.2.2 France: Tobacco Products Market, by Distribution Channel 71

9.3.4.3 Italy: Tobacco Products Market – Revenue and Forecast to 2028 (US$ Million) 72

9.3.4.3.1 Italy: Tobacco Products Market, By Product Type 72

9.3.4.3.2 Italy: Tobacco Products Market, by Distribution Channel 73

9.3.4.4 Russia: Tobacco Products Market – Revenue and Forecast to 2028 (US$ Million) 74

9.3.4.4.1 Russia: Tobacco Products Market, By Product Type 75

9.3.4.4.2 Russia: Tobacco Products Market, by Distribution Channel 75

9.3.4.5 UK: Tobacco Products Market – Revenue and Forecast to 2028 (US$ Million) 76

9.3.4.5.1 UK: Tobacco Products Market, By Product Type 76

9.3.4.5.2 UK: Tobacco Products Market, by Distribution Channel 77

9.3.4.6 Rest of Europe: Tobacco Products Market – Revenue and Forecast to 2028 (US$ Million) 78

9.3.4.6.1 Rest of Europe: Tobacco Products Market, By Product Type 78

9.3.4.6.2 Rest of Europe: Tobacco Products Market, by Distribution Channel 79

9.4 Asia-Pacific: Tobacco Products Market 80

9.4.1 Asia-Pacific: Tobacco Products Market –Revenue and Forecast to 2028 (US$ Million) 80

9.4.2 Asia-Pacific: Tobacco Products Market, By Product Type 81

9.4.3 Asia-Pacific: Tobacco Products Market, by Distribution Channel 82

9.4.4 Asia-Pacific: Tobacco Products Market, by Key Country 83

9.4.4.1 Australia: Tobacco Products Market –Revenue and Forecast to 2028 (US$ Million) 83

9.4.4.1.1 Australia: Tobacco Products Market, By Product Type 84

9.4.4.1.2 Australia: Tobacco Products Market, by Distribution Channel 84

9.4.4.2 China: Tobacco Products Market –Revenue and Forecast to 2028 (US$ Million) 85

9.4.4.2.1 China: Tobacco Products Market, By Product Type 85

9.4.4.2.2 China: Tobacco Products Market, by Distribution Channel 86

9.4.4.3 India: Tobacco Products Market –Revenue and Forecast to 2028 (US$ Million) 87

9.4.4.3.1 India: Tobacco Products Market, By Product Type 87

9.4.4.3.2 India: Tobacco Products Market, by Distribution Channel 88

9.4.4.4 Japan: Tobacco Products Market –Revenue and Forecast to 2028 (US$ Million) 89

9.4.4.4.1 Japan: Tobacco Products Market, By Product Type 89

9.4.4.4.2 Japan: Tobacco Products Market, by Distribution Channel 90

9.4.4.5 South Korea: Tobacco Products Market –Revenue and Forecast to 2028 (US$ Million) 91

9.4.4.5.1 South Korea: Tobacco Products Market, By Product Type 91

9.4.4.5.2 South Korea: Tobacco Products Market, by Distribution Channel 92

9.4.4.6 Rest of Asia-Pacific: Tobacco Products Market –Revenue and Forecast to 2028 (US$ Million) 93

9.4.4.6.1 Rest of Asia-Pacific: Tobacco Products Market, By Product Type 93

9.4.4.6.2 Rest of Asia-Pacific: Tobacco Products Market, by Distribution Channel 94

9.5 Middle East & Africa: Tobacco Products Market 95

9.5.1 Middle East & Africa: Tobacco Products Market –Revenue and Forecast to 2028 (US$ Million) 95

9.5.2 Middle East & Africa: Tobacco Products Market, By Product Type 96

9.5.3 Middle East & Africa: Tobacco Products Market, by Distribution Channel 97

9.5.4 Middle East & Africa: Tobacco Products Market, by Key Country 98

9.5.4.1 South Africa: Tobacco Products Market –Revenue and Forecast to 2028 (US$ Million) 98

9.5.4.1.1 South Africa: Tobacco Products Market, By Product Type 99

9.5.4.1.2 South Africa: Tobacco Products Market, by Distribution Channel 99

9.5.4.2 Saudi Arabia: Tobacco Products Market –Revenue and Forecast to 2028 (US$ Million) 100

9.5.4.2.1 Saudi Arabia: Tobacco Products Market, By Product Type 101

9.5.4.2.2 Saudi Arabia: Tobacco Products Market, by Distribution Channel 101

9.5.4.3 UAE: Tobacco Products Market –Revenue and Forecast to 2028 (US$ Million) 102

9.5.4.3.1 UAE: Tobacco Products Market, By Product Type 102

9.5.4.3.2 UAE: Tobacco Products Market, by Distribution Channel 103

9.5.4.4 Rest of the Middle East & Africa: Tobacco Products Market –Revenue and Forecast to 2028 (US$ Million) 104

9.5.4.4.1 Rest of the Middle East & Africa: Tobacco Products Market, By Product Type 104

9.5.4.4.2 Rest of the Middle East & Africa: Tobacco Products Market, by Distribution Channel 105

9.6 South & Central America: Tobacco Products Market 106

9.6.1 South & Central America: Tobacco Products Market –Revenue and Forecast to 2028 (US$ Million) 106

9.6.2 South & Central America: Tobacco Products Market, By Product Type 107

9.6.3 South & Central America: Tobacco Products Market, by Distribution Channel 108

9.6.4 South & Central America: Tobacco Products Market, by Key Country 109

9.6.4.1 Brazil: Tobacco Products Market – Revenue and Forecast to 2028 (US$ Million) 109

9.6.4.1.1 Brazil: Tobacco Products Market, By Product Type 110

9.6.4.1.2 Brazil: Tobacco Products Market, by Distribution Channel 111

9.6.4.2 Argentina: Tobacco Products Market – Revenue and Forecast to 2028 (US$ Million) 112

9.6.4.2.1 Argentina: Tobacco Products Market, By Product Type 112

9.6.4.2.2 Argentina: Tobacco Products Market, by Distribution Channel 113

9.6.4.3 Rest of South & Central America: Tobacco Products Market – Revenue and Forecast to 2028 (US$ Million) 114

9.6.4.3.1 Rest of South & Central America: Tobacco Products Market, By Product Type 114

9.6.4.3.2 Rest of South & Central America: Tobacco Products Market, by Distribution Channel 115

10. Impact of COVID-19 Pandemic on Global Tobacco Products Market 116

10.1 Overview 116

10.2 North America: Impact Assessment of COVID-19 Pandemic 117

10.3 Europe: Impact Assessment of COVID-19 Pandemic 118

10.4 Asia-Pacific: Impact Assessment of COVID-19 Pandemic 119

10.5 Middle East & Africa: Impact Assessment of COVID-19 Pandemic 120

10.6 South & Central America: Impact Assessment of COVID-19 Pandemic 121

11. Company Profiles 122

11.1 Altria Group, Inc. 122

11.1.1 Key Facts 122

11.1.2 Business Description 122

11.1.3 Products and Services 122

11.1.4 Financial Overview 130

11.1.5 SWOT Analysis 131

11.1.6 Key Developments 131

11.2 British American Tobacco plc 132

11.2.1 Key Facts 132

11.2.2 Business Description 132

11.2.3 Products and Services 132

11.2.4 Financial Overview 133

11.2.5 SWOT Analysis 134

11.2.6 Key Developments 134

11.3 Swedish Match AB 135

11.3.1 Key Facts 135

11.3.2 Business Description 135

11.3.3 Products and Services 135

11.3.4 Financial Overview 136

11.3.5 SWOT Analysis 137

11.3.6 Key Developments 138

11.4 ITC Ltd. 139

11.4.1 Key Facts 139

11.4.2 Business Description 139

11.4.3 Products and Services 139

11.4.4 Financial Overview 140

11.4.5 SWOT Analysis 141

11.4.6 Key Developments 141

11.5 Japan Tobacco International 142

11.5.1 Key Facts 142

11.5.2 Business Description 142

11.5.3 Products and Services 142

11.5.4 Financial Overview 144

11.5.5 SWOT Analysis 145

11.5.6 Key Developments 146

11.6 Imperial Brands 147

11.6.1 Key Facts 147

11.6.2 Business Description 147

11.6.3 Products and Services 147

11.6.4 Financial Overview 148

11.6.5 SWOT Analysis 149

11.6.6 Key Developments 149

11.7 Vector Group LTD. 150

11.7.1 Key Facts 150

11.7.2 Business Description 150

11.7.3 Products and Services 150

11.7.4 Financial Overview 151

11.7.5 SWOT Analysis 152

11.7.6 Key Developments 152

11.8 Philip Morris Products S.A. 153

11.8.1 Key Facts 153

11.8.2 Business Description 153

11.8.3 Products and Services 153

11.8.4 Financial Overview 154

11.8.5 SWOT Analysis 155

11.8.6 Key Developments 155

11.9 Pyxus International, Inc. 156

11.9.1 Key Facts 156

11.9.2 Business Description 156

11.9.3 Products and Services 156

11.9.4 Financial Overview 157

11.9.5 SWOT Analysis 158

11.9.6 Key Developments 158

11.10 China Tobacco International (HK) Company Limited 159

11.10.1 Key Facts 159

11.10.2 Business Description 159

11.10.3 Products and Services 159

11.10.4 Financial Overview 160

11.10.5 SWOT Analysis 161

11.10.6 Key Developments 161

12. Appendix 162

12.1 About The Insight Partners 162

12.2 Glossary of Terms 162

LIST OF TABLES.

Table 1. Cigarette Advertising and Promotional Expenses in US$ Thousands (2018-2020) 37

Table 2. Tobacco Products Market –Revenue and Forecast to 2028 (US$ Million) 41

Table 3. North America Tobacco Products Market, By Product Type – Revenue and Forecast to 2028 (US$ Million) 55

Table 4. North America Tobacco Products Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Million) 56

Table 5. US Tobacco Products Market, Product Type – Revenue and Forecast to 2028 (US$ Million) 58

Table 6. US Tobacco Products Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Million) 58

Table 7. Canada Tobacco Products Market, By Product Type – Revenue and Forecast to 2028 (US$ Million) 61

Table 8. Canada Tobacco Products Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Million) 61

Table 9. Mexico Tobacco Products Market, By Product Type – Revenue and Forecast to 2028 (US$ Million) 62

Table 10. Mexico Tobacco Products Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Million) 63

Table 11. Europe: Tobacco Products Market, By Product Type – Revenue and Forecast to 2028 (US$ Million) 65

Table 12. Europe: Tobacco Products Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Million) 66

Table 13. Germany Tobacco Products Market, By Product Type – Revenue and Forecast to 2028 (US$ Million) 68

Table 14. Germany Tobacco Products Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Million) 69

Table 15. France Tobacco Products Market, By Product Type – Revenue and Forecast to 2028 (US$ Million) 70

Table 16. France Tobacco Products Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Million) 71

Table 17. Italy Tobacco Products Market, By Product Type – Revenue and Forecast to 2028 (US$ Million) 72

Table 18. Italy Tobacco Products Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Million) 73

Table 19. Russia Tobacco Products Market, By Product Type – Revenue and Forecast to 2028 (US$ Million) 75

Table 20. Russia Tobacco Products Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Million) 75

Table 21. UK Tobacco Products Market, By Product Type – Revenue and Forecast to 2028 (US$ Million) 76

Table 22. UK Tobacco Products Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Million) 77

Table 23. Rest of Europe Tobacco Products Market, By Product Type – Revenue and Forecast to 2028 (US$ Million) 78

Table 24. Rest of Europe Tobacco Products Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Million) 79

Table 25. Asia-Pacific Tobacco Products Market, By Product Type – Revenue and Forecast to 2028 (US$ Million) 81

Table 26. Asia-Pacific Tobacco Products Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Million) 82

Table 27. Australia Tobacco Products Market, By Product Type– Revenue and Forecast to 2028 (US$ Million) 84

Table 28. Australia Tobacco Products Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Million) 84

Table 29. China Tobacco Products Market, By Product Type – Revenue and Forecast to 2028 (US$ Million) 85

Table 30. China Tobacco Products Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Million) 86

Table 31. India Tobacco Products Market, By Product Type – Revenue and Forecast to 2028 (US$ Million) 87

Table 32. India Tobacco Products Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Million) 88

Table 33. Japan Tobacco Products Market, By Product Type – Revenue and Forecast to 2028 (US$ Million) 89

Table 34. Japan Tobacco Products Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Million) 90

Table 35. South Korea Tobacco Products Market, By Product Type – Revenue and Forecast to 2028 (US$ Million) 91

Table 36. South Korea Tobacco Products Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Million) 92

Table 37. Rest of Asia-Pacific Tobacco Products Market, By Product Type – Revenue and Forecast to 2028 (US$ Million) 93

Table 38. Rest of Asia-Pacific Tobacco Products Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Million) 94

Table 39. Middle East & Africa Tobacco Products Market, By Product Type– Revenue and Forecast to 2028 (US$ Million) 96

Table 49. South & Central America Tobacco Products Market, By Product Type – Revenue and Forecast to 2028 (US$ Million) 107

Table 50. South & Central America Tobacco Products Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Million) 108

Table 51. Brazil Tobacco Products Market, By Product Type – Revenue and Forecast to 2028 (US$ Million) 110

Table 52. Brazil Tobacco Products Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Million) 111

Table 53. Argentina Tobacco Products Market, By Product Type – Revenue and Forecast to 2028 (US$ Million) 112

Table 54. Argentina Tobacco Products Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Million) 113

Table 55. Rest of South & Central America Tobacco Products Market, By Product Type – Revenue and Forecast to 2028 (US$ Million) 114

Table 56. Rest of South & Central America Tobacco Products Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Million) 115

Table 57. Glossary of Terms, Global Tobacco Products Market 162

LIST OF FIGURES.

Figure 1. Tobacco Products Market Segmentation 19

Figure 2. Tobacco Products Market Segmentation – By Geography 20

Figure 3. Global Tobacco Products Market Overview 21

Figure 4. Tobacco Products Market: By Product Type 22

Figure 5. Tobacco Products Market: By Region 23

Figure 6. Global Tobacco Products Market, Key Market Players 24

Figure 7. Porter's Five Forces Analysis 29

Figure 8. Expert Opinion 31

Figure 9. Value Chain: Cigarette 32

Figure 10. Value Chain: Snus 34

Figure 11. Deaths Attributed to Smoking, 2019 36

Figure 12. Prevalence of E-cigarette in the UK (%), 2014-2020 38

Figure 13. Global Tobacco Products Market Impact Analysis of Drivers and Restraints 39

Figure 14. Geographic Overview of Tobacco Products Market 40

Figure 15. Global: Tobacco Products Market – Revenue and Forecast to 2028 (US$ Million) 41

Figure 16. Global Tobacco Products Market Breakdown, by Product Type, 2020 & 2028 43

Figure 17. Cigarettes: Tobacco Products Market – Revenue and Forecast to 2028 (US$ Million) 44

Figure 18. Cigar & Cigarillos: Tobacco Products Market – Revenue and Forecast to 2028 (US$ Million) 45

Figure 19. Roll-Your-Own: Tobacco Products Market – Revenue and Forecast to 2028 (US$ Million) 46

Figure 20. Others: Tobacco Products Market – Revenue and Forecast to 2028 (US$ Million) 47

Figure 21. Global Tobacco Products Market Breakdown, by Distribution Channel, 2020 & 2028 48

Figure 22. Supermarkets & Hypermarkets: Tobacco Products Market – Revenue and Forecast to 2028 (US$ Million) 49

Figure 23. Convenience Stores: Tobacco Products Market – Revenue and Forecast to 2028 (US$ Million) 50

Figure 24. Online Retail: Tobacco Products Market – Revenue and Forecast to 2028 (US$ Million) 51

Figure 25. Others: Tobacco Products Market – Revenue and Forecast to 2028 (US$ Million) 52

Figure 26. Global Tobacco Products Market Revenue Share, By Region (2020 and 2028) 53

Figure 27. North America: Tobacco Products Market – Revenue and Forecast to 2028 (US$ Million) 54

Figure 28. North America: Tobacco Products Market Revenue Share, By Product Type (2020 and 2028) 55

Figure 29. North America: Tobacco Products Market Revenue Share, by Distribution Channel (2020 and 2028) 56

Figure 30. North America: Tobacco Products Market Revenue Share, by Key Country (2020 and 2028) 57

Figure 31. US: Tobacco Products Market – Revenue and Forecast to 2028 (US$ Million) 57

Figure 32. Canada: Tobacco Products Market – Revenue and Forecast to 2028 (US$ Million) 60

Figure 33. Mexico: Tobacco Products Market – Revenue and Forecast to 2028 (US$ Million) 62

Figure 34. Europe: Tobacco Products Market – Revenue and Forecast to 2028 (US$ Million) 64

Figure 35. Europe: Tobacco Products Market Revenue Share, By Product Type (2020 and 2028) 65

Figure 36. Europe: Tobacco Products Market Revenue Share, by Distribution Channel (2020 and 2028) 66

Figure 37. Europe: Tobacco Products Market Revenue Share, by Key Country (2020 and 2028) 67

Figure 38. Germany: Tobacco Products Market – Revenue and Forecast to 2028 (US$ Million) 67

Figure 39. France: Tobacco Products Market – Revenue and Forecast to 2028 (US$ Million) 70

Figure 40. Italy: Tobacco Products Market – Revenue and Forecast to 2028 (US$ Million) 72

Figure 41. Russia: Tobacco Products Market – Revenue and Forecast to 2028 (US$ Million) 74

Figure 42. UK: Tobacco Products Market – Revenue and Forecast to 2028 (US$ Million) 76

Figure 43. Rest of Europe: Tobacco Products Market – Revenue and Forecast to 2028 (US$ Million) 78

Figure 44. Asia-Pacific: Tobacco Products Market – Revenue and Forecast to 2028 (US$ Million) 80

Figure 45. Asia-Pacific: Tobacco Products Market Revenue Share, By Product Type (2020 and 2028) 81

Figure 46. Asia-Pacific: Tobacco Products Market Revenue Share, by Distribution Channel (2020 and 2028) 82

Figure 47. Asia-Pacific: Tobacco Products Market Revenue Share, by Key Country (2020 and 2028) 83

Figure 48. Australia: Tobacco Products Market –Revenue and Forecast to 2028 (US$ Million) 83

Figure 49. China: Tobacco Products Market –Revenue and Forecast to 2028 (US$ Million) 85

Figure 50. India: Tobacco Products Market –Revenue and Forecast to 2028 (US$ Million) 87

Figure 51. Japan: Tobacco Products Market –Revenue and Forecast to 2028 (US$ Million) 89

Figure 52. South Korea: Tobacco Products Market –Revenue and Forecast to 2028 (US$ Million) 91

Figure 53. Rest of Asia-Pacific: Tobacco Products Market –Revenue and Forecast to 2028 (US$ Million) 93

Figure 54. Middle East & Africa: Tobacco Products Market – Revenue and Forecast to 2028 (US$ Million) 95

Figure 55. Middle East & Africa: Tobacco Products Market Revenue Share, By Product Type (2020 and 2028) 96

Figure 56. Middle East & Africa: Tobacco Products Market Revenue Share, by Distribution Channel (2020 and 2028) 97

Figure 57. Middle East & Africa: Tobacco Products Market Revenue Share, by Key Country (2020 and 2028) 98

Figure 58. South Africa: Tobacco Products Market –Revenue and Forecast to 2028 (US$ Million) 98

Figure 59. Saudi Arabia: Tobacco Products Market –Revenue and Forecast to 2028 (US$ Million) 100

Figure 60. UAE: Tobacco Products Market –Revenue and Forecast to 2028 (US$ Million) 102

Figure 61. Rest of the Middle East & Africa: Tobacco Products Market –Revenue and Forecast to 2028 (US$ Million) 104

Figure 62. South & Central America: Tobacco Products Market – Revenue and Forecast to 2028 (US$ Million) 106

Figure 63. South & Central America: Tobacco Products Market Revenue Share, By Product Type (2020 and 2028) 107

Figure 64. South & Central America: Tobacco Products Market Revenue Share, by Distribution Channel (2020 and 2028) 108

Figure 65. South & Central America: Tobacco Products Market Revenue Share, by Key Country (2020 and 2028) 109

Figure 66. Brazil: Tobacco Products Market – Revenue and Forecast to 2028 (US$ Million) 109

Figure 67. Argentina: Tobacco Products Market – Revenue and Forecast to 2028 (US$ Million) 112

Figure 68. Rest of South & Central America: Tobacco Products Market – Revenue and Forecast to 2028 (US$ Million) 114

Figure 69. Impact of COVID-19 Pandemic in North American Country Markets 117

Figure 70. Impact of COVID-19 Pandemic in Europe Country Markets 118

Figure 71. Impact of COVID-19 Pandemic in Asia-Pacific Country Markets 119

Figure 72. Impact of COVID-19 Pandemic in Middle East & Africa Country Markets 120

Figure 73. Impact of COVID-19 Pandemic in South & Central America Country Markets 121

The List of Companies - Tobacco Products Market

1. Altria Group, Inc.

2. British American Tobacco plc.

3. Swedish Match AB

4. ITC Ltd.

5. Japan Tobacco International

6. Imperial Brands

7. Philip Morris Products S.A.

8. Vector Group LTD.

9. Pyxus International, Inc.

10. China Tobacco International (HK) Company Limited

• Highlights key business priorities in order to assist companies to realign their business strategies.

• The key findings and recommendations highlight crucial progressive industry trends in the global tobacco products market, thereby allowing players to develop effective long-term strategies.

• Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.

• Scrutinize in-depth the market trends and outlook coupled with the factors driving the market, as well as those hindering it.

• Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to products, segmentation, and industry verticals.

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