*As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the purchase behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
North America Tobacco Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2019-2024
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.
Report Scope:
- North America Tobacco Market
- Key Regions Analysed
- United States
- Canada
- Analysis for Each Country
- Market by Type
- Cigarettes
- Roll Your Own
- Cigars
- Cigarillos
- Smokeless Tobacco
- Others
- Value Chain Analysis
- Key Drivers and Challenges
- Porters Five Forces Analysis
- Competitive Landscape
- Competitive Structure
- Key Player Profiles
Key Questions Answered in This Report:
- How has the North America tobacco market performed so far and how will it perform in the coming years?
- What are the key regions in the North America tobacco market?
- What is the breakup of the North America tobacco market on the basis of type?
- What are the various stages in the value chain of the North America tobacco industry?
- What are the key driving factors and challenges in the North America tobacco industry?
- What is the structure of the North America tobacco industry and who are the key players?
- What is the degree of competition in the North America tobacco industry?
- What are the profit margins in the North America tobacco industry?
Report Coverage:
- Base Year Considered: 2018
- Historical Data Coverage: 2013-2018
- Market Forecast: 2019-2024
- Geography Covered: North America, United States and Canada
- Segments Covered: Type.
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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