India Tobacco Market To Grow at a CAGR of 4.80% during 2023-2028

How big is the tobacco market in India?

IMARC Group, a leading market research company, has recently releases report titled "India Tobacco Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028." The India tobacco market is projected to exhibit a growth rate (CAGR) of 4.80% during 2023-2028.

Tobacco is derived from a plant containing nicotine, an addictive alkaloid. It undergoes harvesting, curing, and processing to produce a range of products, including cigarettes, cigars, and smokeless tobacco. Pipe tobacco, available in various blends such as aromatic and non-aromatic types, is also a form of tobacco. Chewable tobacco, which are consumed orally for nicotine absorption through the oral mucosa, are part of the tobacco product spectrum. Additionally, tobacco manufacturing plays a significant role in job creation within the agriculture, manufacturing, and retail sectors. Consequently, tobacco production is on the rise in India.

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What are the growth prospects and trends in the India Tobacco industry?

Currently, the increasing popularity of smokeless tobacco products and alternative nicotine delivery options like e-cigarettes and heated tobacco products is a key driving force behind the market's growth in India. Manufacturers of tobacco products are also adjusting their strategies to accommodate changing regulations and consumer preferences, further fueling market expansion. Moreover, there is a growing demand for environmentally responsible practices in the production of tobacco products, which is contributing to a positive market outlook in India. Additionally, prominent market players are taking steps to meet the rising demand for tobacco products by adopting sustainable farming methods, minimizing waste, and exploring alternative packaging solutions. Furthermore, the market is benefiting from the emergence of e-commerce brands offering personalized pipes engraved with buyers' initials, enhancing its growth prospects in the country.

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What is included in market segmentation?

The report has segmented the market into the following categories:

Type Insights:
• Cigarettes
• Roll Your Own
• Cigars
• Cigarillos
• Smokeless Tobacco
• Others

Regional Insights:
• South India
• North India
• West & Central India
• East India

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