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  • 31 January 2020 22:23

Tobacco Market Industry Analysis, Size, Share, Growth, Key Trends and Forecast To 2026

Tobacco Market by Tobacco Type (Cigarettes, Smoking Tobacco, Smokeless Tobacco, Cigars & Cigarillos),Region, Global Industry Analysis, Market Size, Share, Growth, Trends, and Forecast 2019 to 2026.

Tobacco Market accounted for $663.76 billion in 2017 and is expected to reach $1,012.19 billion by 2026 growing at a CAGR of 4.8 % during the forecast period. Introduction of numerous premium tobacco products such as flavoured, long and skinny, coloured and e-cigarettes by the manufacturers are some of the major factors boosting the market growth. However, availability of traditional nicotine replacement therapies such as gum, patches, and lozenges, which help alleviate cravings and higher levels of education along with rising awareness about health concerns related to tobacco consumption such as different types of cancers, cardiovascular diseases, pulmonary diseases, etc. are the restraining factors for the market growth. Moreover, increasing frequency of new flavor launches in hookah tobacco and the rapid emergence of online retail of hookah tobacco will provide ample opportunities for the market growth.

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Some of the key players in this market include Hongyunhonghe Tobacco (Group) Co., Japan Tobacco Inc., Reynolds American Inc., Philip Morris International Inc., British American Tobacco p.l.c. (BAT), Ltd., Imperial Brands PLC and Altria Group, Inc.

Tobacco is the common name of several plants in the Nicotiana genus and the Solanaceae (nightshade) family, and the general term for any product prepared from the cured leaves of the tobacco plant. Tobacco contains a coloess volatile alkaloid, nicotine, which is responsible for stimulating brain functions, increasing blood pressure, constricting peripheral blood vessels and raising heart rate. Dried tobacco leaves are majorly used for smoking in cigarettes, cigars, pipes and shisha; and as chewing tobacco, snuff, snus and dipping tobacco.

Types Covered in this Tobacco Market are:
• Pipes
• Nicotine Replacement Therapy
• Shishas or Hookahs and Mouassal
• Smokeless Tobacco
• Smoking Tobacco
• Roll Your Own
• Cigars
• Cigarettes

The tobacco type segment is segmented into cigarettes, smoking tobacco and smokeless tobacco cigars & cigarillos. The cigarettes segment is dominating the market. A cigarette, also known colloquially as a fag in British English, is a narrow cylinder containing psychoactive material, usually tobacco that is rolled into thin paper for smoking. Most cigarettes contain a “reconstituted tobacco” product known as “sheet”, which consists of “recycled [tobacco] stems, stalks, scraps, collected dust, and floor sweepings”, to which are added glue, chemicals and fillers; the product is then sprayed with nicotine that was extracted from the tobacco scraps, and shaped into curls.

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