According to the latest report by IMARC Group, titled “North America Cigarette Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027“, the North America cigarette market size reached US$ 48.1 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 48.7 Billion by 2027. Cigarette refers to one of the most popular tobacco products that are made of thin paper containing ground or shredded tobacco. They were initially invented in the 9th century in the form of smoking tubes and reeds but are now available in numerous sizes, colors, flavors, etc. These cigarette variants contain nicotine which is an addictive central nervous system (CNS) stimulant that provides an immediate calming neurological effect and a spontaneous sense of relaxation. Consequently, they are in high demand among both male and female consumers in North America.
As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
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Market Trends:
The rising number of both male and female smokers, owing to the hectic lifestyle, heightened anxiety, and extreme stress, is primarily driving the North America cigarette market. Besides this, the emerging trend of pub culture among the millennials is also positively influencing the market across the region. Moreover, the launch of innovative flavored products, such as, mango, clove, mint, chocolate, cherry, orange, etc., and the introduction of skinny and mild cigarettes for female smokers are acting as significant growth-inducing factors. Apart from this, the inflating investments by leading market players in intriguing advertisement and marketing strategies to engage customer interest are further catalyzing the regional market. In addition to this, the shifting preferences toward methanol cigarettes which provide a cooling sensation in the throat while smoking and make the smoke feel less harsh and easier to inhale, and the increasing product availability through various online retail channels are expected to propel the North America cigarette market in the coming years.
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Key Market Segmentation:
Breakup by Type:
- Light
- Medium
- Other
Breakup by Distribution Channel:
- Tabacco Shops
- Supermarket and Hypermarkets
- Convenience Stores
- Online Stores
- Others
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players.
Key Highlights of the Report:
- Market Performance (2016-2021)
- Market Outlook (2022-2027)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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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