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The North America tobacco market reached a volume of 653 Kilo Tons in 2020. 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.
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 provides an analysis of the key trends in each sub-segment of the North America tobacco market, along with forecasts at the regional and country level from 2021-2026. Our report has categorized the market based on type.
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.
|Base Year of the Analysis||2020|
|Segment Coverage||Type, Country|
|Countries Covered||United States, Canada|
|Customization Scope||10% Free Customization|
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|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)|
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