Identify Hidden Opportunities of Tobacco Market in India | Ashok and Company Pan Bahar, Godfrey Phillips India, Golden Tobacco Company

A new research study from HTF MI with title Tobacco Market in India (2018-2023) provides an in-depth assessment of the Tobacco Market in () including key market trends, upcoming technologies, industry drivers, challenges, regulatory policies, key players company profiles and strategies. The research study provides forecasts for Tobacco Market in () market till 2025.

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India is the second largest producer and third largest exporter of tobacco in the world. The tobacco industry provides employment to ~46 Mn people. With the evolving facilities provided by the Tobacco Board of India, the market has recorded a total (manufactured and unmanufactured tobacco) export of INR 60.84 Bn in FY 2018.

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The Study is segmented by following Product Type: Cigarettes, Smoking Tobacco, Cigar, Smokeless Tobacco, E-Cigarettes

By Sub Type: Machine Made Cigarettes, Handmade Cigarettes, Machine Made Cigar, Handmade Cigar, Snuff, Chewing Tobacco

Major applications/end-users industry are as follows: Application 1, Application 2, Application 3

Segment-wise market insights:
In India, tobacco is harvested mainly in two forms—cigarette tobacco and non-cigarette tobacco. During 2017-2018, non-cigarette tobacco alone had a ~69% market share. Manufacture of cigarette tobacco has significantly reduced, globally, leading to an increase in the sale of non-cigarette tobacco. Based on consumption, khaini constituted ~11%, and beedi and cigarette had a market share of ~8%. Usage of smoking mediums like hookah, hookli, chhutta, dhumti and chillum, along with edible tobacco like mawa, snuff, gutka, and pan masala have led to the growth of this market.
Considering the consumption-tax revenue ratio of the overall segment of smoked tobacco, legal cigarettes account for ~10% of consumption and ~86% of tax revenues. This implies that even though smokeless tobacco has the highest rate of consumption, more revenue is earned from legal cigarettes. Tobacco, despite it triggering addiction and intoxication, is consumed significantly by Indians, especially in the form of smokeless tobacco. Among the major cigarette producers in India, ITC Ltd. currently enjoys the highest market share (~84.27%), based on sale. Rest of the share is distributed among minor companies like Kothari Products Ltd., Godfrey Phillips India Ltd., VST Industries Ltd., and others.

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Major companies covered in the report: Ashok and Company Pan Bahar Ltd., Godfrey Phillips India Ltd., Golden Tobacco Company Ltd., ITC Ltd., Kothari Products Ltd., M.R. Tobacco Pvt. Ltd., National Tobacco Company of India Ltd., Pataka Industries Pvt. Ltd., Sinnar Bidi Udyog Ltd., VST Industries Ltd.

This study also contains company profiling, product picture and specifications, sales, market share and contact information of various international, regional, and local vendors of Tobacco Market in India () Market. The market competition is constantly growing higher with the rise in technological innovation and M&A activities in the industry. Moreover, many local and regional vendors are offering specific application products for varied end-users. The new vendor entrants in the market are finding it hard to compete with the international vendors based on quality, reliability, and innovations in technology.

Market challenges:
• Cigarette taxes (64% excise duty, 28% GST, and 5% cess) in India are among the highest in the world. Therefore, high tax rates make cigarettes unaffordable to a large section of consumers. As a result, they shift towards the consumption of beedi and other forms of smokeless tobacco. Hence, the overall tobacco market experiences slow growth.
• The Cigarettes and Other Tobacco Products (Prohibition of Advertisement and Regulation of Trade and Commerce, Production, Supply and Distribution) Act of 2003 (COTPA, 2003) imposes a blanket ban on tobacco advertising. This prevents companies from directly advertising their products, because of which they resort to surrogate advertising. Hence, it becomes difficult for manufacturers to promote their brands, limiting the growth of the domestic market.

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There are 15 Chapters to display the Tobacco Market in India () market.
Chapter 1, About Executive Summary to describe Definition, Specifications and Classification of Tobacco Market in () market, Applications [Application 1, Application 2, Application 3], Market Segment by Regions;
Chapter 2, to analyze objective of the study.
Chapter 3, to display Research methodology and techniques.
Chapter 4 and 5 , to show the Overall Market Analysis, segmentation analysis, characteristics;
Chapter 6 and 7, to show the Market size, share and forecast; Five forces analysis (bargaining Power of buyers/suppliers), Threats to new entrants and market condition;
Chapter 8 and 9, to show analysis by regional segmentation, comparison, leading countries and opportunities; Regional Marketing Type Analysis, Supply Chain Analysis
Chapter 10, focus on identifying the key industry influencer’s, overview of decision framework accumulated through Industry experts and strategic decision makers;
Chapter 11 and 12, Market Trend Analysis, Drivers, Challenges by consumer behavior, Marketing Channels and demand & supply.
Chapter 13 and 14, describe about the vendor landscape (classification and Market Positioning)
Chapter 15, deals with Tobacco Market in India () Market sales channel, distributors, traders, dealers, Research Findings and Conclusion, appendix and data source.

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