PUBLISHER: MarketLine | PRODUCT CODE: 1554050
PUBLISHER: MarketLine | PRODUCT CODE: 1554050
Global Tobacco and Tobacco Products industry profile provides top-line qualitative and quantitative summary information including: market share, market size (value and volume 2018-23, and forecast to 2028). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.
The tobacco and tobacco products market consists of the retail sale of cigarettes, cigars and cigarillos, smokeless tobacco, and smoking tobacco. The cigarettes segment consists of filter cigarettes and plain cigarettes. The cigars and cigarillos segment comprises large cigars and small cigars. Similarly, the smokeless tobacco segment consists of pipe tobacco and fine cut tobacco (FCT) and the smoking tobacco segment includes snuff/snus and chewing tobacco products. The market is valued according to retail selling price (RSP) and includes any applicable taxes.
The global Tobacco & Tobacco Products market had total revenues of $845,374.7 million in 2023, representing a compound annual growth rate (CAGR) of 4.6% between 2018 and 2023.
Market consumption volumes declined with a negative CAGR of2.5% between 2018 and 2023, to reach a total of 4,231,519.9 million pieces in 2023.
The performance of the market is forecast to decelerate, with an anticipated CAGR of 3.3% for the five-year period 2023 - 2028, which is expected to drive the market to a value of $994,714.2 million by the end of 2028.