Tobacco Market Research Report Size, Trends & Forecast by IMARC Group.com

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According to the IMARC Group, Tobacco refers to an agricultural product belongs to the Solanaceae family that contains a colorless volatile alkaloid, nicotine. The nicotine present in tobacco products acts as a depressant and is associated with uprising heart rate, compressing peripheral blood vessels, irritating lung tissue, increasing blood pressure, affecting brain functions, etc. Some of the common tobacco-based products include snus, snuff, shisha, cigars, cigarillos and cigarettes.

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A significant rise in the number of smokers due to their hectic work schedules, increasing income levels, and exposure to tobacco products at an early stage are some of the major factors driving the global market for tobacco. Furthermore, several manufacturers are constantly emphasizing on the changing consumer needs and preferences to introduce innovative product variants in the market. In line with this, the emergence of numerous flavored tobacco-products, such as saffron, apple, cinnamon, berry, etc., is also propelling the market growth. Moreover, the rising consumer concerns towards the negative health impact of conventional tobacco products are driving the demand for e-cigarettes and smokeless tobacco, which will continue to catalyze the global market in the coming years.

To Know More: https://www.imarcgroup.com/top-manufacturers-global-tobacco-market

Market Summary:

  • On the basis of type, the market has been categorized into cigarettes, roll your own, cigars, cigarillos, smokeless tobacco and others. Amongst these, cigarettes are the most popular product type, holding the majority of the market share.
  • On the geographical front, China holds the leading position in the market due to rising population and escalating disposable incomes. Other key regions include India, Brazil, the United States and the EU 15.
  • The competitive landscape of the market has also been studied in the report. Some of the key players operating in the market include China National Tobacco Corporation, British America Tobacco, Phillip Morris International, Japan Tobacco International and Imperial Tobacco Group.


About Us

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

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