United States Cigarette Market to Reach US$ 81.8 Billion by 2028, Impelled by Rising Preference for Flavoured Product Variants

November 12, 2021 | Retail

According to the latest report by IMARC Group, titled " United States Cigarette Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028," the United States cigarette market size reached US$ 82.8 Billion in 2022. A cigarette is a popular tobacco product that is available in the shape of a thin cylinder. The tobacco present in the cigarette is commonly treated with sugar and butterfat in order to reduce the bitter taste of nicotine. Along with this, the tobacco is commonly modified using ammonia to increase the speed of nicotine delivery. Cigarettes are widely available in different colors, sizes, shapes, and intensities in the market. In the United States, there has been a considerable rise in the consumption of cigarettes since it is considered as a medium for stress relief and pleasure among the masses.

United States Cigarette Market Trends:

The market in the United States is primarily driven by a rise in the number of smokers. Along with this, the stressful and hectic lifestyles led by individuals are providing a boost to the sales of tobacco products, including cigarettes, across the country. Moreover, leading players in the United States are heavily investing in product innovations and introducing flavored variants in the market. For instance, the introduction of menthol and clove cigarettes is gaining prominence among the masses. Furthermore, the widespread integration of optomechatronic technologies with the cigarette manufacturing units in order to maintain the quality of the produced product while ensuring high production efficiency is also considered to be a major growth-inducing factor. Some of the other factors contributing to the market growth include the advent of sophisticated and premium packaging solutions, inflating disposable income levels of individuals and extensive research and development (R&D) activities conducted by key players to introduce improved variants in the local market. Looking forward, the market value is projected to reach US$ 81.8 Billion by 2028.

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 segregated into tobacco shops, supermarkets and hypermarkets, convenience stores, online stores and others.
Based on the region, the market has been segmented into Northeast, Midwest, South and West.
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players.

Report Scope:

Report Features	Details
Base Year of the Analysis	2022
Historical Period	2017-2022
Forecast Period	2023-2028
Units	US$ Billion
Segment Coverage	Type, Distribution Channel, Region
Region Covered	Northeast, Midwest, South, West
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United States Cigarette Market to Reach US$ 81.8 Billion by 2028, Impelled by Rising Preference for Flavoured Product Variants

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