Saudi Arabia Cigarette Market Growing at a CAGR of 8.35% to Reach USD 7299.1 Million By 2030 | Infinium Global Research

Infinium Global Research has added a new report on Saudi Arabia Cigarette Market. The report covers the analysis of the regional markets of Saudi Arabia. Moreover, the report gives insights into the factors that affect the regional performance of the market in the short run and in the long run. The Saudi Arabia cigarette market is a customer intelligence and competitive study of the demand, forecasts, trends, and macro indicators in the Saudi Arabia market. The dynamics include drivers, restraints, opportunities, political, and socioeconomic factors, technological factors, key trends, and future prospects. The Saudi Arabia cigarette market was valued at USD 3857.6 Million in 2022 and is expected to reach USD 7299.1 Million by 2030 and grow at a CAGR of 8.35% over the forecast period.

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Youthful Demographics and Rising Demand: With over half of its population aged between 15 and 35 years, Saudi Arabia's youthful demographics play a pivotal role in the steady demand for cigarettes. The average age of smoking initiation at around 18 years, and approximately 9.5% of smokers starting before the age of 15, contribute to the high demand.

High Taxation and Its Impact: The Saudi Ministry of Health initiated a national tobacco control program in 2002, with intensified efforts following its accession to the World Health Organization Framework Convention for Tobacco Control in 2005. Despite imposing a 100% tax on the original price of tobacco products, the price of a pack of 20 cigarettes in Saudi Arabia remains relatively low. The government's intention to reduce the frequency of smoking through high excise taxes has not significantly changed the smoking rate, with only 3% of the population quitting smoking. High taxation has instead resulted in increased demand for cheaper brands, keeping overall demand steady.

Changing Social Dynamics and Female Smokers: Recent progress in Saudi Arabia's social dynamics, including women's rights to vote, drive, and participate in sports, has contributed to the growing number of female smokers. The male-to-female ratio of daily shisha smoking prevalence is 5.6, and the prevalence of smoking among females ranges from 1 to 16%, with the highest consumption found among females aged 20 to 24. Growing social freedom has made it more socially acceptable for women to purchase cigarettes, leading to an increase in female smokers and positively impacting the market.

Government Initiatives and Restrictive Laws: Despite the high number of cigarette smokers, the government has implemented stringent laws to combat tobacco consumption due to serious health concerns. Smoking is banned in most public places, including healthcare and government facilities, educational settings, restaurants, cafés, and public transport. Anti-smoking programs for health education and tobacco risk awareness, along with strict enforcement, are in place to deter tobacco consumption. Additional charges on tobacco products are influencing consumer preferences, often leading to the selection of cheaper alternatives over popular and expensive cigarette brands.

Price Reduction Strategies and Point of Sale Advertising: Cigarette producers and exporters are focused on attracting more customers by reducing prices and emphasizing product quality. Price cuts and quality assurance are key strategies used by major brands. Furthermore, point of sale (POS) advertising has proven to be an effective method for increasing brand awareness and boosting volume sales. The point of sale not only improves brand recognition but also drives sales. These factors present significant growth opportunities for the market.

Key Players: Key players in the Saudi Arabia cigarette market include Philip Morris Products S.A., British American Tobacco PLC., Imperial Brands plc, VK Tobacco, and Japan Tobacco Inc. These industry leaders employ a variety of strategies to maintain their positions in the market, including pricing adjustments and marketing at the point of sale.

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Table of Content

Chapter 1. Report Overview

1.1. Report Description

1.2. Research Methods

1.3. Research Approaches

Chapter 2. Executive Summary

Chapter 3. Market Overview

3.1. Introduction

3.2. Market Dynamics

3.2.1. Drivers

3.2.2. Restraints

3.2.3. Opportunities

3.2.4. Challenges

3.3. PEST-Analysis

3.4. Porter's Diamond Model for Saudi Arabia Cigarette Market

3.5. IGR-Growth Matrix Analysis

3.6. Competitive Landscape in Saudi Arabia Cigarette Market

Chapter 4. Saudi Arabia Cigarette Market by Product Category

4.1. Hard

4.2. Light

4.3. Medium

Chapter 5. Saudi Arabia Cigarette Market by Tobacco Type

5.1. Virginia

5.2. Burley

5.3. Flue-cured Tobacco

5.4. Oriental

Chapter 6. Saudi Arabia Cigarette Market by Distribution Channel

6.1. Convenience Stores

6.2. Tobacco Shops

6.3. Online Stores

Chapter 7. Company Profiles

7.1 Competitive landscape

7.2 Company Profiles

7.2.1 Philip Morris Products S.A.

7.2.1.1 Overview

7.2.1.2 Company Snapshot

7.2.1.3 Product Portfolio

7.2.2 British American Tobacco PLC

7.2.2.1 Overview

7.2.2.2 Company Snapshot

7.2.2.3 Product Portfolio

7.2.2.4 Recent Development

7.2.3 Imperial Brands

7.2.3.1 Overview

7.2.3.2 Company Snapshot

7.2.3.3 Product Portfolio

7.2.4 VK Tobacco

7.2.4.1 Overview

7.2.4.2 Company Snapshot

7.2.4.3 Product Portfolio

7.2.5 Japan Tobacco Inc.

7.2.5.1 Overview

7.2.5.2 Company Snapshot

7.2.5.3 Product Portfolio

7.2.5.4 Recent Development

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Reasons to Buy this Report:

=> Comprehensive analysis of regional markets of Saudi Arabia cigarette.

=> Complete coverage of all the product types and application segments to analyze the trends, developments, and forecast of market size up to 2030.

=> Comprehensive analysis of the companies operating in this market. The company profile includes an analysis of the product portfolio, revenue, SWOT analysis, and the latest developments of the company.

=> Infinium Global Research- Growth Matrix presents an analysis of the product segments and geographies that market players should focus on to invest, consolidate, expand, and/or diversify.

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