The North America cigarette market reached a value of US$ 47.5 Billion in 2018. Cigarettes are thin cylinders of finely cut tobacco that are rolled in paper for smoking. They were invented in the 9th century in the form of reeds and smoking tubes but are currently available in a wide variety of nicotine or other psychoactive herbal substances.
North America represents the third largest market for cigarettes, with their demand rising due to the increasing population, and hectic and stressful lifestyles of individuals in the region. In addition to this, the availability of distinctive and innovative flavors, such as menthol, mango, clove, chocolate, cherry, mint and orange, has increased the consumption of cigarettes across its major markets. Moreover, the introduction of gender-targeted products, such as skinny and flavored cigarettes for female smokers, has also boosted the overall sales of cigarettes. Furthermore, rising consumer awareness towards the adverse health effects of cigarettes has led to a rise in the demand for nicotine-free e-cigarettes. Looking forward, IMARC Group expects the market to reach a value of US$ 48.7 Billion by 2024, registering a CAGR of 0.4% during 2019-2024.
Key Questions Answered in This Report:
IMARC Group’s latest report provides a deep insight into the North America cigarette market covering all its essential aspects. This ranges from macro overview of the market to micro details of the industry performance, recent trends, key market drivers and challenges, SWOT analysis, Porter’s five forces analysis, value chain analysis, etc. This report is a must-read for industry players, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the North America cigarette market in any manner.
Report Customization: Although IMARC has tried to cover everything in the North America cigarette market landscape, we believe that every stakeholder may have their own specific needs. In view of this, we provide up to 20-man hours of free customization for each report.
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