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North America Cigarette Market to Reach US$ 48.8 Billion by 2025, Spurred by Advent of Flavored Product Variants

According to the latest report by IMARC Group, titled "North America Cigarette Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025," the North America cigarette market size reached US$ 47.7 Billion in 2019. Cigarettes refer to thin, cylindrical-shaped tobacco products that are available in numerous sizes, shapes, intensity and flavors. They consist of finely cut and cured tobacco leaves that are rolled in a thin paper. The smoke produced from the cigarettes is inhaled into the lungs, which is a complex mixture of chemicals produced by burning tobacco and its additives. The nicotine and these chemicals are considered harmful for human health and can often lead to the development of numerous forms of cancer. However, multiple product variants are now available with filters that block large tar particles from entering the lungs of the smokers.   

We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.

North America Cigarette Market Trends:

The market is primarily driven by the rising number of smokers in the North American region. This can be accredited to the hectic schedules and long working hours of working professionals, along with the high per capita income level of the masses. Along with this, there has been an increase in the sales of cigarettes due to the rising peer pressure in the region, which leads to early exposure to smoking among young adults. The market is further driven by the introduction of numerous innovative flavored variants, such as clove, menthol, mint, chocolate and mango cigarettes. Several manufacturers are also launching gender-targeted products, which is providing an impetus to the market growth. For instance, ultra-slim cigarettes with attractive and aesthetically pleasing packaging are gaining widespread preference, especially by female smokers and young adults. Moreover, there has been a growing preference for single and double capsule variants in North America that require the capsule(s) placed around the top of the filter to be crushed for releasing additional flavor. The use of these variants allows the users to adjust the flavor of the cigarette according to their choice and preference. On account of the aforementioned factors, the market is anticipated to reach a value of US$ 48.8 Billion by 2025, registering a CAGR of 0.38% during 2020-2025.


Market Summary:

  • Based on the type, the market has been divided into light, medium and others.
  • On the basis of the distribution channel, the market has been classified into tobacco shops, supermarkets and hypermarkets, convenience stores, online stores, and others.
  • On the geographical front, the market has been bifurcated into the United States and Canada.
  • The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.

 

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