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Global Cigarette Market Research Report: Share, Size, Trends And Industry Analysis 2017
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Some of the preferred flavours include cloves, chocolate, menthol, mango, cherry, orange and mint. According to a new report by Expert Market Research, the global cigarette market witnessed a steady growth during 2009-2016, reaching a volume of US$ 840 Billion in 2016. The market is further expected to reach US$ 1054 Billion by the year 2022.
Being regarded as one of the most lucrative markets, the cigarette industry, however, is experiencing significant changes in the prevalence and consumption patterns of cigarette around the world. Due to the growing awareness of inevitable health effects caused by both active and passive smoking of cigarette, its popularity has been decreasing in the developed regions. Whereas, the developing regions such as Asia and Africa are witnessing a healthy growth on account of increasing population, rising disposable incomes and lax government regulations. Consequently, tobacco companies are now focussing on these regions in order to increase their profitability.
Key findings from the report:
The major types of cigarette include Virginia (flue-cured), American blend, dark and oriental cigarettes.
Region-wise, Asia-Pacific dominated the market with a share of more than a fifth of the total global production in 2016. It was followed by Eastern Europe, Western Europe, North America, South America, and Middle East and Africa.
Being highly concentrated in nature, the global cigarette market is surrounded by top five dominant players. These include China National Tobacco Corporation, Phillip Morris International, British American Tobacco, Japan Tobacco International and Imperial Tobacco Group.
Read full report with TOC @ http://www.expertmarketresearch.com/reports/cigarette-market
Expert Market Research has analysed the global cigarette market according to key type, major regions and top players:
Market breakup by Type
Virginia (flue-cured) Cigarettes
American Blend Cigarettes
Dark Cigarettes
Oriental Cigarettes
Market breakup by Region
Asia-Pacific
Eastern Europe
Western Europe
North America
South America
Middle East and Africa
Top players
China National Tobacco Corporation
Phillip Morris International
British American Tobacco
Japan Tobacco International
Imperial Tobacco Group
Browse more reports related to consumer goods industry @ http://www.expertmarketresearch.com/categories/consumer-goods-market-reports
About Expert Market Research
Expert Market Research (EMR) is a market research and consultancy firm providing syndicated and custom research along with consultancy services to a wide clientele base which includes Fortune 1000 companies as well as small and medium enterprises. With our tailored approach, the clients gain valuable and unbiased insights that help to improve their competitive edge and realize sustainable growth.
With a keen focus on the qualitative aspect as well as accuracy of the reports, we align our resources and services as per the client’s requirement and offer a flexible engagement model that best suits their needs. We offer market intelligence across a range of industry verticals which include Pharmaceuticals, Food and Beverage, Technology, Retail, Chemical & Materials, Energy & Mining, Packaging and Agriculture.
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Website: www.expertmarketresearch.com
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