According to the latest report by IMARC Group, titled “North America Cigarette Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025”, the cigarette market in North America reached a value of US$ 47.7 Billion in 2019. A cigarette is a thin cylinder of finely cut tobacco, which is rolled in paper for smoking. At present, it is one of the most popular tobacco-based products available in the North American region.
Some of the key players operating in the market include China National Tobacco Corporation, Philip Morris International Inc.NYSE: (PM), British American Tobacco PLC NYSE: (BTI), JAPAN TOB INC/ADR OTCMKTS: (JAPAY), and Imperial Tobacco Group plc Sponsored ADR OTCMKTS: (IMBBY).
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The rising working population in the North American region leads a fast-paced and hectic lifestyle. Consequently, there has been an increasing prevalence of stress, which in turn has facilitated the sales of cigarettes in the region. Moreover, cigarette variants with distinctive and innovative flavors, such as menthol, mango, clove, chocolate, cherry, mint and orange, are easily available in the market for catering to the diversified consumer base. The launch of gender-targeted products, such as skinny and flavored cigarettes for the increasing number of female smokers, is further contributing to the market growth in the region. Other factors, such as the advent of nicotine-free, herbal product variants, owing to the growing awareness among consumers regarding the adverse effects of smoking cigarettes, are expected to influence the market growth in the coming years. Looking forward, IMARC Group expects the market to reach a value of US$ 48.8 Billion by 2025, registering a CAGR of 0.38% during 2020-2025.
Market Breakup by Type:
- Light
- Medium
- Other
- Tabacco Shops
- Supermarket and Hypermarkets
- Convenience Stores
- Online Stores
- Others
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