South Korea tobacco market size reached US$ 9.1 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 11.31 Billion by 2032, exhibiting a growth rate (CAGR) of 2.20% during 2024-2032. The escalating demand for e-cigarettes, coupled with the widespread adoption of aggressive marketing and advertising strategies, is primarily driving the market growth across the country.
Report Attribute
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Key Statistics
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Base Year
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2023 |
Forecast Years
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2024-2032 |
Historical Years
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2018-2023
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Market Size in 2023 | US$ 9.1 Billion |
Market Forecast in 2032 | US$ 11.31 Billion |
Market Growth Rate (2024-2032) | 2.20% |
Tobacco, scientifically known as nicotiana tabacum, is a plant primarily grown for its leaves containing the highly addictive alkaloid nicotine. Indigenous to the Americas, it has been traditionally used by native cultures. Various forms of consumption include cigarettes, cigars, pipe tobacco, and smokeless products like snuff and chewing tobacco. The cultivation process involves planting seeds in meticulously prepared fields, nurturing them into seedlings, and then transplanting them to larger fields where they reach maturity. The leaves undergo careful harvesting by hand and subsequent drying through methods such as air-curing, flue-curing, fire-curing, or sun-curing. Moreover, tobacco, due to its nicotine content, acts as a stimulant, triggering the release of neurotransmitters like dopamine, providing a pleasurable and relaxing sensation.
South Korea's tobacco market is influenced by a dynamic interplay of cultural traditions, changing consumer behaviors, and evolving regulatory landscapes. Despite a decline in smoking rates, this country still maintains a notable tobacco market driven by cultural acceptance and social norms. Additionally, the inflating popularity of diverse tobacco products, including cigarettes, cigars, and smokeless options, remains significant, which is acting as another significant growth-inducing factor. Besides this, anti-smoking campaigns and health awareness initiatives contribute to a shift in consumer preferences, with an increasing demand for reduced-risk products and smoking cessation aids, which is positively influencing the regional market. Moreover, the rise of electronic cigarettes (e-cigarettes) and heated tobacco products reflects the emerging trend, with South Korea adapting to these alternatives, thereby bolstering the market growth across the country. Apart from this, stringent regulations on advertising and packaging further impact the market, emphasizing health warnings and limiting promotional activities. As South Korea navigates the complexities of balancing cultural practices with health considerations, the tobacco market will continue to undergo transformations, incorporating both traditional and innovative elements in the coming years.
IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the country level for 2024-2032. Our report has categorized the market based on type.
Type Insights:
The report has provided a detailed breakup and analysis of the market based on the type. This includes cigarettes, roll your own, cigars, cigarillos, smokeless tobacco, and others.
Regional Insights:
The report has also provided a comprehensive analysis of all the major regional markets, which include Seoul Capital Area, Yeongnam (Southeastern Region), Honam (Southwestern Region), Hoseo (Central Region), and Others.
The market research report has also provided a comprehensive analysis of the competitive landscape. Competitive analysis such as market structure, key player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided.
Report Features | Details |
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Base Year of the Analysis | 2023 |
Historical Period | 2018-2023 |
Forecast Period | 2024-2032 |
Units | US$ Billion |
Scope of the Report | Exploration of Historical and Forecast Trends, Industry Catalysts and Challenges, Segment-Wise Historical and Predictive Market Assessment:
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Types Covered | Cigarettes, Roll Your Own, Cigars, Cigarillos, Smokeless Tobacco, Others |
Regions Covered | Seoul Capital Area, Yeongnam (Southeastern Region), Honam (Southwestern Region), Hoseo (Central Region), Others |
Customization Scope | 10% Free Customization |
Report Price and Purchase Option | Single User License: US$ 3699 Five User License: US$ 4699 Corporate License: US$ 5699 |
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) |