The Global Smoking And Other Tobacco Products Market Was Valued At $50 Billion In 2017 According To TBRC’s Latest Report

The global smoking and other tobacco products market was valued at $48.8 billion in 2017. Asia Pacific was the largest geographic region accounting for $23.82 billion or 48.8% of the global market. China was the largest country accounting for $13.9 billion or 28.4% of the global smoking and other tobacco products market.

Smoking Tobacco segment includes establishments involves in producing loose tobacco such as chewing tobacco, dissolvable tobacco and, which is used in pipes, roll-your-own (ROY) cigarettes, make-your-own (MOY) cigarettes and other tobacco products.

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The global smoking and other tobacco products market was valued at $50 billion in 2017. Among regional markets, Asia Pacific was the largest geographic region accounting for almost half of the global market. Nowadays, flavoured tobacco is becoming a rising trend in smokeless tobacco industry. Most of these are designed to dissolve in the user’s mouth and are offered in candy-like flavours such as cinnamon, berry, vanilla, and apple. It is less harmful than other smoking tobacco products. U.S snus is a moist snuff packaged in ready-to-use pouches that resemble small tea bags.

The market in the report is segmented into: chewing tobacco, dipping tobacco, dissolvable tobacco and loose tobacco.

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China was the largest country accounting for nearly 13.9% of the global smoking and other tobacco products market. This was mainly due to increasing economic activity, urbanization, busy lifestyles, rising disposable income and the growing middle-class population in the region led to increase in the demand for restaurants, cafes and bars. China was followed by the USA and Japan.

The top five competitors in the market are: Philip Morris International Inc followed by Imperial Tobacco, Altria Group Inc, British American Tobacco and Japan Tobacco Inc. Philip Morris International Inc. is an American multinational cigarette and tobacco manufacturing company, with products sold in over 180 countries outside the United States. The most recognized and bestselling product of the company is Marlboro.

 

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