The North America tobacco market reached a volume of 590,300 Tons in 2018. Tobacco is a plant within the Nicotine genus of the Solanaceae family. It can be cultivated and harvested in several ways particularly for its leaves, which are fermented and dried for the formulation of tobacco products. The consumption of tobacco leads to the stimulation of the adrenal glands, which release epinephrine. It is an addictive hormone that triggers the central nervous system (CNS) and increases breathing, heart rate and blood pleasure. Tobacco is currently available in different forms, such as cigarettes, roll-your-own (RYO) cigars and cigarillos.
North America tobacco market is currently being driven by several factors. A rapid rise in the health consciousness in the region has led tobacco product manufacturers to invest in the research and development (R&D) of several low-risk tobacco products. This has enabled these companies to maintain profits and increase the existing consumer base. Besides this, inflating per capita income has created greater scope for market players to raise product prices and create a shift towards premium products. Additionally, hectic and stressful lifestyles have stimulated a rise in the number of both male and female smokers in the region. Apart from this, manufacturers in the industry have been launching feminine-labelled products to increase the number of female consumers. Some of these include light, long, skinny and flavor-infused cigarettes.
IMARC Group’s latest report provides a deep insight into the North America tobacco 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 tobacco market in any manner.
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Report Customization: Although IMARC has tried to cover everything in the North America tobacco 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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