India Cigarette Market is Estimated to Cross US$ 42.7 Billion at a CAGR of 11.94% by 2028

IMARC Group, a leading market research company, has released a report titled "India Cigarette Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028". According to the report, The India cigarette market size reached US$ 21.5 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 42.7 Billion by 2028, exhibiting a growth rate (CAGR) of 11.94% during 2023-2028.

Cigarettes refer to cylindrical-shaped products that are made up of tobacco, chemical additives, and flavourings. They utilize finely cut and cured tobacco leaves that are further rolled in a thin paper. It is lit on one end while smoked from the other end, wherein the filter is present to help block large tar particles from entering the lungs of smokers. The nicotine and other chemicals present in them are considered to be harmful to human health as they can often lead to the development of numerous forms of cancer. They are widely available in the market in a vast array of sizes, shapes, intensities and flavors.

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India Cigarette Market Trends and Drivers:

The market in India is majorly driven by a considerable increase in the number of smokers across the country. This is supported by the hectic schedules and long working hours of working professionals that have led them to adopt smoking to combat stress. Coupled with peer pressure and early exposure to smoking among young adults, this is providing an impetus to market growth. Moreover, numerous key players are continually introducing innovative product variants, such as slim cigarettes with attractive and aesthetically-pleasing packaging, in the market to diversify their product portfolio. They are also launching clove, chocolate and menthol-flavoured cigarettes with single and double capsules, which are gaining widespread prominence among smokers. Some of the other factors contributing to the market growth include changing lifestyle patterns of individuals, inflating consumer spending capacities, aggressive promotional activities by manufacturers and a significant increase in the number of women smokers across the country.

Report Segmentation:

The report has segmented the market into the following categories:

Breakup by Type:

Light
Medium
Others

Breakup by Distribution Channel:

Tobacco Shops
Supermarket and Hypermarkets
Convenience Stores
Online Stores
Others

Breakup by Region:

North India
West and Central India
South India
East India
Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players.

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This release was published on openPR.