Global Cigarette Market Propelled by Availability of Diverse Product Varieties

Cigarettes are one of the most widely consumed forms of tobacco and 90% of the total global tobacco sales. The term 'cigarette', which stands for a small cigar, was originally derived from the French language. It refers to a thin cylinder of finely cut tobacco which is rolled-up in a paper for smoking. Selon IMARC Group, the global cigarette market size Was Estimated to be US $ 853 billion in 2017. Looking forward, the market is expected to reach a value of US $ Nearly 1,081 billion by 2023, at a projected CAGR of 4% Approximately During 2018-2023.​​​​​​​

Over the past few years, the market has witnessed a moderate growth. Moreover, the manufacturers are introducing new product varieties, such as filter, menthol, clove and e-cigarettes, in order to widen their consumer-base. In addition to this, skinny cigarettes have been launched exclusively for the female smokers, and are now targeted towards health-conscious consumers who smoke occasionally. Apart from this, hectic and stressful lifestyles have also increased the demand for cigarettes as they help relieve stress and stress. Nonetheless, as consumers are becoming aware of the negative impacts of consuming tobacco, it is hindering the growth of the market.​​​​​​​​​​​​​​

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Segmentation Based on Type and Distribution Channel

As per the global cigarette market research , the market has been categorized on the basis of which includes light, medium and hard cigarettes. At present, light cigarettes are the most popular type of cigarettes.​​​​​​​

Based on distribution channels, supermarkets and hypermarkets, convenience stores, online stores, and others. Amongst these, tobacco shops are the largest distribution channels for cigarettes as they offer a wide range of specialized tobacco products, ranging from skinny to premium cigarettes to e-cigarettes.​​​​​​​

Highly Concentrated Market Structure

Region-wise, the market has been segregated as Asia Pacific (excluding Australia), Eastern Europe, Western Europe, Middle East and Africa, Latin America, and Australia. Currently, Asia Pacific (excluding Australia) is the largest market, accounting for the dominant cigarette market share . This can be attributed to the constant rising population and disposable incomes of the consumers in the region. Moreover, the production of cigarettes in Asia Pacific is increasing.​​​​​​​

According to the global cigarette market report, the industry is highly concentrated in nature with the presence of only a few prominent manufacturers. The key players operating in the market include the Imperial Tobacco Group, China National Tobacco Corporation, Philip Morris International, British America Tobacco and Japan Tobacco International.​​​​​​​​​​​​​​

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