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Menthol Cigarette Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026

Market Overview:

The global menthol cigarette market reached a value of US$ 87.2 Billion in 2020. Looking forward, IMARC Group expects the market to grow at a CAGR of 3.20% during 2021-2026. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic. These insights are included in the report as a major market contributor.

A menthol cigarette is a cylindrical roll of ground or shredded tobacco that is mixed together with menthol flavoring. Menthol is a chemical compound that is produced from mint plants, such as spearmint and peppermint. It is usually added in cigarettes to give a cooling sensation and reduce the harshness of the smoke for the consumer. It also has anesthetic effects and can aid in suppressing the cough reflex by soothing dry throats. In certain variants, menthol is present in small quantities within or near the cigarette filter to release a burst of flavor while smoking.

The rapid urbanization across the globe is one of the key factors driving the growth of the market. Owing to sedentary lifestyle habits and hectic schedules, working professionals are increasingly consuming cigarettes to relieve stress and relax their nerves. Menthol cigarettes offer a cooling sensation, sensory excitation and fresh flavor, which provides relief and makes the user more habitual to the flavor. Additionally, the introduction of flavorless cigarettes with small menthol capsules and menthol cigarettes with an additional capsule is also providing a boost to the market growth. These capsules enable the user to manipulate the intensity of the flavor as per their choice. Apart from this, other product innovations, including the development of low-tar cigarettes and ultra-long and ultra-slim variants for female consumers, are also contributing to the market growth. Other factors, such as the rising number of smokers, including the young and female population, and aggressive promotional activities by manufacturers through social media platforms, are projected to drive the market further.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global menthol cigarette market market, along with forecasts at the global, regional and country level from 2021-2026. Our report has categorized the market based on capsule type, end-user, size and distribution channel.

Breakup by Capsule Type:

  • Single Capsule Menthol Cigarette
  • Double Capsule Menthol Cigarette
     

Breakup by End-User:

  • Male
  • Female
     

Breakup by Size:

  • King Size
  • 100s
  • Others
     

Breakup by Distribution Channel:

  • Supermarkets
  • Hypermarkets
  • Online Retailers
  • Others
     

Breakup by Region:

  • North America
    • United States
    • Canada
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Indonesia
    • Others
  • Europe
    • Germany
    • France
    • United Kingdom
    • Italy
    • Spain
    • Russia
    • Others
  • Latin America
    • Brazil
    • Mexico
    • Others
  • Middle East and Africa


Competitive Landscape:

The competitive landscape of the industry has also been examined with some of the key players being Alfred Dunhill Ltd., Altria Group Inc., British American Tobacco, China National Tobacco Corporation, Commonwealth Brands Inc., Essentra Plc, Imperial Brands Plc, Japan Tobacco Inc., KT&G Corporation, Liggett Group LLC, Lorillard Tobacco Company, Philip Morris International Inc., etc.

Report Coverage:

Report Features Details
Base Year of the Analysis 2020
Historical Period 2015-2020
Forecast Period 2021-2026
Units US$ Billion
Segment Coverage Capsule Type, End-User, Size, Distribution Channel, Region
Region Covered  Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered Alfred Dunhill Ltd., Altria Group Inc., British American Tobacco, China National Tobacco Corporation, Commonwealth Brands Inc., Essentra Plc, Imperial Brands Plc, Japan Tobacco Inc., KT&G Corporation, Liggett Group LLC, Lorillard Tobacco Company and Philip Morris International Inc.
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 2299
Five User License: US$ 3399
Corporate License: US$ 4499
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

1    Preface
2    Scope and Methodology 

    2.1    Objectives of the Study
    2.2    Stakeholders
    2.3    Data Sources
        2.3.1    Primary Sources
        2.3.2    Secondary Sources
    2.4    Market Estimation
        2.4.1    Bottom-Up Approach
        2.4.2    Top-Down Approach
    2.5    Forecasting Methodology
3    Executive Summary
4    Introduction

    4.1    Overview
    4.2    Key Industry Trends
5    Global Menthol Cigarette Market 
    5.1    Market Overview
    5.2    Market Performance
    5.3    Impact of COVID-19
    5.4    Market Forecast
6    Market Breakup by Capsule Type
    6.1    Single Capsule Menthol Cigarette 
        6.1.1 Market Trends
        6.1.2 Market Forecast
    6.2    Double Capsule Menthol Cigarette 
        6.2.1 Market Trends
        6.2.2 Market Forecast
7    Market Breakup by End-User
    7.1    Male 
        7.1.1 Market Trends
        7.1.2 Market Forecast
    7.2    Female 
        7.2.1 Market Trends
        7.2.2 Market Forecast
8    Market Breakup by Size
    8.1    King Size 
        8.1.1 Market Trends
        8.1.2 Market Forecast
    8.2    100s 
        8.2.1 Market Trends
        8.2.2 Market Forecast
    8.3    Others 
        8.3.1 Market Trends
        8.3.2 Market Forecast
9    Market Breakup by Distribution Channel
    9.1    Supermarkets 
        9.1.1 Market Trends
        9.1.2 Market Forecast
    9.2    Hypermarkets 
        9.2.1 Market Trends
        9.2.2 Market Forecast
    9.3    Online Retailers 
        9.3.1 Market Trends
        9.3.2 Market Forecast
    9.4    Others 
        9.4.1 Market Trends
        9.4.2 Market Forecast
10    Market Breakup by Region
    10.1    North America
        10.1.1 United States
           10.1.1.1 Market Trends
           10.1.1.2 Market Forecast
        10.1.2 Canada
           10.1.2.1 Market Trends
           10.1.2.2 Market Forecast
    10.2    Asia Pacific
        10.2.1 China
           10.2.1.1 Market Trends
           10.2.1.2 Market Forecast
        10.2.2 Japan
           10.2.2.1 Market Trends
           10.2.2.2 Market Forecast
        10.2.3 India
           10.2.3.1 Market Trends
           10.2.3.2 Market Forecast
        10.2.4 South Korea
           10.2.4.1 Market Trends
           10.2.4.2 Market Forecast
        10.2.5 Australia
           10.2.5.1 Market Trends
           10.2.5.2 Market Forecast
        10.2.6 Indonesia
           10.2.6.1 Market Trends
           10.2.6.2 Market Forecast
        10.2.7 Others
           10.2.7.1 Market Trends
           10.2.7.2 Market Forecast
    10.3    Europe
        10.3.1 Germany
           10.3.1.1 Market Trends
           10.3.1.2 Market Forecast
        10.3.2 France
           10.3.2.1 Market Trends
           10.3.2.2 Market Forecast
        10.3.3 United Kingdom
           10.3.3.1 Market Trends
           10.3.3.2 Market Forecast
        10.3.4 Italy
           10.3.4.1 Market Trends
           10.3.4.2 Market Forecast
        10.3.5 Spain
           10.3.5.1 Market Trends
           10.3.5.2 Market Forecast
        10.3.6 Russia
           10.3.6.1 Market Trends
           10.3.6.2 Market Forecast
        10.3.7 Others
           10.3.7.1 Market Trends
           10.3.7.2 Market Forecast
    10.4    Latin America
        10.4.1 Brazil
           10.4.1.1 Market Trends
           10.4.1.2 Market Forecast
        10.4.2 Mexico
           10.4.2.1 Market Trends
           10.4.2.2 Market Forecast
        10.4.3 Others
           10.4.3.1 Market Trends
           10.4.3.2 Market Forecast
    10.5    Middle East and Africa
        10.5.1 Market Trends
        10.5.2 Market Breakup by Country
        10.5.3 Market Forecast
11   SWOT Analysis
    11.1    Overview
    11.2    Strengths
    11.3    Weaknesses
    11.4    Opportunities
    11.5    Threats
12    Value Chain Analysis
13    Porters Five Forces Analysis

    13.1    Overview
    13.2    Bargaining Power of Buyers
    13.3    Bargaining Power of Suppliers
    13.4    Degree of Competition
    13.5    Threat of New Entrants
    13.6    Threat of Substitutes
14    Price Indicators
15    Competitive Landscape

    15.1    Market Structure
    15.2    Key Players
    15.3    Profiles of Key Players
        15.3.1    Alfred Dunhill Limited 
           15.3.3.1 Company Overview
           15.3.3.2 Product Portfolio 
           15.3.3.3 Financials
        15.3.2    Altria Group Inc.
           15.3.2.1 Company Overview
           15.3.2.2 Product Portfolio 
           15.3.2.3 Financials
           15.3.2.4 SWOT Analysis
        15.3.3    British American Tobacco Plc
           15.3.3.1 Company Overview
           15.3.3.2 Product Portfolio 
           15.3.3.3 Financials
           15.3.3.4 SWOT Analysis
        15.3.4    China National Tobacco Corporation
           15.3.4.1 Company Overview
           15.3.4.2 Product Portfolio 
        15.3.5    Commonwealth Brands Inc.
           15.3.5.1 Company Overview
           15.3.5.2 Product Portfolio 
        15.3.6    Essentra PLC  
           15.3.6.1 Company Overview
           15.3.6.2 Product Portfolio 
           15.3.6.3 Financials
        15.3.7    Imperial Brands Plc
           15.3.7.1 Company Overview
           15.3.7.2 Product Portfolio 
           15.3.7.3 Financials
           15.3.7.4 SWOT Analysis
        15.3.8    Japan Tobacco Inc.
           15.3.8.1 Company Overview
           15.3.8.2 Product Portfolio 
           15.3.8.3 Financials
           15.3.8.4 SWOT Analysis
        15.3.9    KT&G Corporation
           15.3.9.1 Company Overview
           15.3.9.2 Product Portfolio 
        15.3.10    Liggett Group LLC 
           15.3.10.1 Company Overview
           15.3.10.2 Product Portfolio 
        15.3.11    Lorillard Tobacco Company 
           15.3.11.1 Company Overview
           15.3.11.2 Product Portfolio 
        15.3.12    Philip Morris International Inc.  
           15.3.12.1 Company Overview
           15.3.12.2 Product Portfolio 
           15.3.12.3 Financials
           15.3.12.4 SWOT Analysis

List of Figures

Figure 1: Global: Menthol Cigarette Market: Major Drivers and Challenges
Figure 2: Global: Menthol Cigarette Market: Sales Value (in Billion US$), 2015-2020
Figure 3: Global: Menthol Cigarette Market: Breakup by Capsule Type (in %), 2020
Figure 4: Global: Menthol Cigarette Market: Breakup by End-User (in %), 2020
Figure 5: Global: Menthol Cigarette Market: Breakup by Size (in %), 2020
Figure 6: Global: Menthol Cigarette Market: Breakup by Distribution Channel (in %), 2020
Figure 7: Global: Menthol Cigarette Market: Breakup by Region (in %), 2020
Figure 8: Global: Menthol Cigarette Market Forecast: Sales Value (in Billion US$), 2021-2026
Figure 9: Global: Menthol Cigarette (Single Capsule Menthol Cigarette) Market: Sales Value (in Million US$), 2015 & 2020
Figure 10: Global: Menthol Cigarette (Single Capsule Menthol Cigarette) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 11: Global: Menthol Cigarette (Double Capsule Menthol Cigarette) Market: Sales Value (in Million US$), 2015 & 2020
Figure 12: Global: Menthol Cigarette (Double Capsule Menthol Cigarette) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 13: Global: Menthol Cigarette (Male) Market: Sales Value (in Million US$), 2015 & 2020
Figure 14: Global: Menthol Cigarette (Male) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 15: Global: Menthol Cigarette (Female) Market: Sales Value (in Million US$), 2015 & 2020
Figure 16: Global: Menthol Cigarette (Female) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 17: Global: Menthol Cigarette (King Size) Market: Sales Value (in Million US$), 2015 & 2020
Figure 18: Global: Menthol Cigarette (King Size) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 19: Global: Menthol Cigarette (100s) Market: Sales Value (in Million US$), 2015 & 2020
Figure 20: Global: Menthol Cigarette (100s) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 21: Global: Menthol Cigarette (Others) Market: Sales Value (in Million US$), 2015 & 2020
Figure 22: Global: Menthol Cigarette (Others) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 23: Global: Menthol Cigarette (Supermarkets) Market: Sales Value (in Million US$), 2015 & 2020
Figure 24: Global: Menthol Cigarette (Supermarkets) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 25: Global: Menthol Cigarette (Hypermarkets) Market: Sales Value (in Million US$), 2015 & 2020
Figure 26: Global: Menthol Cigarette (Hypermarkets) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 27: Global: Menthol Cigarette (Online Retailers) Market: Sales Value (in Million US$), 2015 & 2020
Figure 28: Global: Menthol Cigarette (Online Retailers) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 29: Global: Menthol Cigarette (Others) Market: Sales Value (in Million US$), 2015 & 2020
Figure 30: Global: Menthol Cigarette (Others) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 31: North America: Menthol Cigarette Market: Sales Value (in Million US$), 2015 & 2020
Figure 32: North America: Menthol Cigarette Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 33: United States: Menthol Cigarette Market: Sales Value (in Million US$), 2015 & 2020
Figure 34: United States: Menthol Cigarette Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 35: Canada: Menthol Cigarette Market: Sales Value (in Million US$), 2015 & 2020
Figure 36: Canada: Menthol Cigarette Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 37: Asia Pacific: Menthol Cigarette Market: Sales Value (in Million US$), 2015 & 2020
Figure 38: Asia Pacific: Menthol Cigarette Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 39: China: Menthol Cigarette Market: Sales Value (in Million US$), 2015 & 2020
Figure 40: China: Menthol Cigarette Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 41: Japan: Menthol Cigarette Market: Sales Value (in Million US$), 2015 & 2020
Figure 42: Japan: Menthol Cigarette Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 43: India: Menthol Cigarette Market: Sales Value (in Million US$), 2015 & 2020
Figure 44: India: Menthol Cigarette Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 45: South Korea: Menthol Cigarette Market: Sales Value (in Million US$), 2015 & 2020
Figure 46: South Korea: Menthol Cigarette Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 47: Australia: Menthol Cigarette Market: Sales Value (in Million US$), 2015 & 2020
Figure 48: Australia: Menthol Cigarette Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 49: Indonesia: Menthol Cigarette Market: Sales Value (in Million US$), 2015 & 2020
Figure 50: Indonesia: Menthol Cigarette Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 51: Others: Menthol Cigarette Market: Sales Value (in Million US$), 2015 & 2020
Figure 52: Others: Menthol Cigarette Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 53: Europe: Menthol Cigarette Market: Sales Value (in Million US$), 2015 & 2020
Figure 54: Europe: Menthol Cigarette Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 55: Germany: Menthol Cigarette Market: Sales Value (in Million US$), 2015 & 2020
Figure 56: Germany: Menthol Cigarette Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 57: France: Menthol Cigarette Market: Sales Value (in Million US$), 2015 & 2020
Figure 58: France: Menthol Cigarette Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 59: United Kingdom: Menthol Cigarette Market: Sales Value (in Million US$), 2015 & 2020
Figure 60: United Kingdom: Menthol Cigarette Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 61: Italy: Menthol Cigarette Market: Sales Value (in Million US$), 2015 & 2020
Figure 62: Italy: Menthol Cigarette Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 63: Spain: Menthol Cigarette Market: Sales Value (in Million US$), 2015 & 2020
Figure 64: Spain: Menthol Cigarette Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 65: Russia: Menthol Cigarette Market: Sales Value (in Million US$), 2015 & 2020
Figure 66: Russia: Menthol Cigarette Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 67: Others: Menthol Cigarette Market: Sales Value (in Million US$), 2015 & 2020
Figure 68: Others: Menthol Cigarette Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 69: Latin America: Menthol Cigarette Market: Sales Value (in Million US$), 2015 & 2020
Figure 70: Latin America: Menthol Cigarette Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 71: Brazil: Menthol Cigarette Market: Sales Value (in Million US$), 2015 & 2020
Figure 72: Brazil: Menthol Cigarette Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 73: Mexico: Menthol Cigarette Market: Sales Value (in Million US$), 2015 & 2020
Figure 74: Mexico: Menthol Cigarette Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 75: Others: Menthol Cigarette Market: Sales Value (in Million US$), 2015 & 2020
Figure 76: Others: Menthol Cigarette Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 77: Middle East and Africa: Menthol Cigarette Market: Sales Value (in Million US$), 2015 & 2020
Figure 78: Middle East and Africa: Menthol Cigarette Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 79: Global: Menthol Cigarette Industry: SWOT Analysis
Figure 80: Global: Menthol Cigarette Industry: Value Chain Analysis
Figure 81: Global: Menthol Cigarette Industry: Porter’s Five Forces Analysis

List of Tables

Table 1: Global: Menthol Cigarette Market: Key Industry Highlights, 2020 and 2026
Table 2: Global: Menthol Cigarette Market Forecast: Breakup by Capsule Type (in Million US$), 2021-2026
Table 3: Global: Menthol Cigarette Market Forecast: Breakup by End-User (in Million US$), 2021-2026
Table 4: Global: Menthol Cigarette Market Forecast: Breakup by Size (in Million US$), 2021-2026
Table 5: Global: Menthol Cigarette Market Forecast: Breakup by Distribution Channel (in Million US$), 2021-2026
Table 6: Global: Menthol Cigarette Market Forecast: Breakup by Region (in Million US$), 2021-2026
Table 7: Global: Menthol Cigarette Market: Competitive Structure
Table 8: Global: Menthol Cigarette Market: Key Players

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Key Question Answered in this Report

We expect the global menthol cigarette market to exhibit a CAGR of 3.20% during 2021-2026.

Sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent lockdown regulations across several nations resulting in temporary closure of numerous manufacturing units for menthol cigarettes.

The increasing consumer preferences for flavored cigarettes represents one of the factors driving the global menthol cigarette market.

Based on the capsule type, the global menthol cigarette market can be segmented into single capsule menthol cigarette and double capsule menthol cigarette, where single capsule menthol cigarette holds the majority of the market share.

Based on the distribution channel, the global menthol cigarette market has been segregated into supermarkets, hypermarkets, online retailers, and others. Among these, supermarkets currently represent the largest segment.

Based on the end-user, the global menthol cigarette market can be categorized into male and female. Currently, male exhibit a clear dominance in the market.

On a regional level, the market has been classified into North America, Asia Pacific, Europe, Latin America, and Middle East and Africa, where Asia Pacific currently dominates the global market in the global market.

Some of the major players in the global menthol cigarette market include Alfred Dunhill Ltd., Altria Group Inc., British American Tobacco, China National Tobacco Corporation, Commonwealth Brands Inc., Essentra Plc, Imperial Brands Plc, Japan Tobacco Inc., KT&G Corporation, Liggett Group LLC, Lorillard Tobacco Company, Philip Morris International Inc., etc.

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