North America Cigarette Market Insights Forecasts to 2032
- The North America Cigarette Market Size was valued at USD XX Billion in 2022.
- The Market is Growing at a CAGR of 0.4% from 2022 to 2032.
- The North America Cigarette Market Size is expected to reach USD XX Billion by 2032.
- North America is expected to Grow the fastest during the Forecast period.
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The North America Cigarette Market Size is expected to reach USD XX Billion by 2032, at a CAGR of 0.4% during the forecast period 2022 to 2032.
The most popular mode of tobacco consumption is cigarette smoking. A cigarette is a tiny cylinder filled with combustible material, usually tobacco, and wrapped in lightweight and thin paper for smoking. The cigarette is lit at one end, causing it to smolder, and the ensuing smoke is inhaled orally from the opposite end. Cigarettes are distinguishable from cigars by their smaller size, usage of processed leaf, and white paper wrapping. Cigarette smoke contains nearly 7,000 chemical components, including arsenic, formaldehyde, hydrogen cyanide, lead, carbon monoxide, acrolein, and other toxins. More than 70 of them are carcinogenic. Although most current cigarettes are filtered, this does not mean that the smoke smoked from them contains fewer toxins and hazardous substances. The market is driven mainly by increased consumer goods demand. North America is the third largest market for cigarettes, with demand increasing due to the region's growing population and hectic and stressful lives. Additionally, the availability of diverse and new flavors like as menthol, mango, clove, chocolate, cherry, mint, and orange has expanded cigarette consumption across its major markets. Furthermore, growing consumer knowledge of the negative health impacts of cigarettes has increased demand for nicotine-free e-cigarettes.
This research report categorizes the market for North America Cigarette Market based on various segments and regions and forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the North America Cigarette Market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segments of the North America Cigarette Market.
North America Cigarette Market Report Coverage
|Market Size in 2022:||USD XX Billion|
|Forecast Period 2022-2032 CAGR:||0.4%|
|2032 Value Projection:||USD XX Billion|
|Historical Data for:||2019-2021|
|No. of Pages:||200|
|Tables, Charts & Figures:||110|
|Segments covered:||By Type, By Product Type, By Country, and COVID-19 Impact Analysis|
|Companies Covered:||Altria Group, Inc., Philip Morris International Inc., Marlboro, Lucky Strike, Lorillard Tobacco Company, R. J. Reynolds Tobacco Company, Brown & Williamson Tobacco Corporation, Vector Group Ltd., The American Tobacco Company, and Key Players.|
|Pitfalls & Challenges:||COVID-19 Empact,Challenges, Future, Growth, & Analysis|
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The market trends are being influenced by growing social and cultural factors. In addition, smoking tends to be affected by social norms, societal pressures, and acceptance in the community, notably in the United States where smoking is deeply embedded as a part of everyday life or social contacts, driving the expansion of the North American cigarette market. Additionally, depictions of smoking in movies, television shows, and ads promote smoking as attractive or fashionable, reflecting yet another key development factor. Similarly, social media platforms and online forums are functioning as spurs in establishing smoking behavior among specific demographics, pushing the expansion of the North America cigarette market. Furthermore, tobacco companies are researching low-risk tobacco products, such as heat-not-burn devices and e-cigarettes, which offer possibly fewer side effects alternatives to regular cigarette packs, attracting smokers who are considering harm reduction or quitting smoking, which is another major growth factor. Moreover, it is gaining popularity due to its convenience, portability, and lack of toxic tar and combustion byproducts, which is propelling the expansion of the North America cigarette market.
Cigarette smoking is an increasingly common cause of cancer and death in the Western world, and it is one of the most significant preventable causes of disease and premature death. Tobacco cigarettes kill more than 8 million people globally each year, with 1.2 million of those being nonsmokers who die as a result of second-hand smoke exposure.
- In 2022, the non-flavored segment accounted for the largest revenue share of more than 63.5% over the forecast period.
Based on the type, the North America Cigarette Market is segmented into flavored and non-flavored. Among these, the non-flavored segment has the largest revenue share of 63.5% over the forecast period. Non-flavored cigarettes, often known as ordinary or unflavored cigarettes, are tobacco products that do not contain any additional flavors. These cigarettes primarily provide the natural flavor of tobacco, with no added flavorings or fragrances. Non-flavored cigarettes are the most popular and extensively consumed type of cigarettes worldwide. The market for non-flavored cigarettes has a long history and continues to be the tobacco industry's leading segment.
- In 2022, the light cigarette segment accounted for the largest revenue share of more than 42.7% over the forecast period.
On the basis of product type, the North America Cigarette Market is segmented into light, medium, and others. Among these, the light cigarette segment has the largest revenue share of 42.7% over the forecast period. The belief among smokers that light cigarettes are less hazardous and provide a lesser health risk than traditional cigarettes is affecting industry growth. Many smokers consider that by using light-type products, they might lessen the negative health impacts of smoking. Furthermore, light cigarettes are frequently marketed as a gentler and smoother smoking experience, appealing to consumers who may find the taste and harshness of conventional smokes unappealing, which is another important growth-inducing element.
- In 2022, the tobacco shops segment is expected to hold the largest share of the North America set cigarette market during the forecast period.
Based on the distribution channel, the North America Cigarette Market is classified into tobacco shops, supermarkets & hypermarkets, convenience stores, online stores, and others. Among these, the tobacco shops segment is expected to hold the largest share of the North America Cigarette Market during the forecast period. Tobacco shops, often known as premium tobacco sellers or tobacconists, are establishments that offer tobacco-related products such as cigarettes, cigars, pipe tobacco, and smoking accessories. Also, tobacco shops are creating a significant market presence due to their skills in tobacco commodities and the individualized service they provide to consumers, which is influencing market growth. Furthermore, smokers frequently prefer purchasing items from these specialized locations since they have access to a wide range of brands and tobacco blends, allowing them to choose products that suit their preferences.
The report offers the appropriate analysis of the key organizations/companies involved within the North America Cigarette Market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.
List of Key Companies
- Altria Group, Inc.
- Philip Morris International Inc.
- Lucky Strike
- Lorillard Tobacco Company
- R. J. Reynolds Tobacco Company
- Brown & Williamson Tobacco Corporation
- Vector Group Ltd.
- The American Tobacco Company
- Universal Corporation
Key Target Audience
- Market Players
- Government Authorities
- Consulting and Research Firm
- Venture capitalists
- Value-Added Resellers (VARs)
- On January 2023, Philip Morris International Inc. has announced an extension of its relationship with KT&G. The arrangement allows PMI to maintain commercializing KT&G's revolutionary smoke-free goods only outside of South Korea. This agreement advances the company's goal of totally replacing cigarettes with healthier alternatives for adult smokers who would otherwise continue to smoke. It is the culmination of three years of successful partnership with KT&G.
This study forecasts revenue at global, regional, and country levels from 2021 to 2032. Spherical Insights has segmented the North America Cigarette Market based on the below-mentioned segments:
North America Cigarette Market, By Type
North America Cigarette Market, By Product Type
North America Cigarette Market, By Distribution Channel
- Tobacco Shops
- Supermarkets & Hypermarkets
- Convenience Stores
- Online Stores
North America Cigarette Market, By Country
- United States
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