May 08, 2020 Xherald -- Smoking And Other Tobacco Products Global Market Report 2020-30: Covid 19 Impact and Recovery
Flavored tobacco is becoming a rising trend in smokeless tobacco industry. Most of these are designed to dissolve in the user's mouth, and are offered in candy-like flavors such as cinnamon, berry, vanilla, and apple. It is less harmful than other smoking tobacco products. U.S snus is a moist snuff packaged in ready-to-use pouches that resemble small tea bags.
The global smoking and other tobacco products market is expected to grow from $27.5 billion in 2019 to $27.6 billion in 2020 at a compound annual growth rate (CAGR) of 0.4%. The low growth is mainly due to economic slowdown across countries owing to the COVID-19 outbreak and the measures to contain it. The market is then expected to recover and grow at a CAGR of 5% from 2021 and reach $31.6 billion in 2023.
Top Leading Companies mentioned are
Philip Morris International Inc; Imperial Tobacco; Altria Group Inc; British American Tobacco; Japan Tobacco Inc
Asia Pacific was the largest region in the global smoking and other tobacco products market, accounting for 35% of the market in 2019. Western Europe was the second largest region accounting for 25% of the global smoking and other tobacco products market. Eastern Europe was the smallest region in the global smoking and other tobacco products market.
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This report provides a detailed analysis of the Smoking And Other Tobacco Products market with description of market sizing and growth, segmentation of market by products & services and major markets, top market players etc. The report recapitulates the factors that will be responsible for the growth in the market in the forecasted period.
By Product Type: Combustible Tobacco; Smokeless Tobacco
Essential points covered in Global Smoking And Other Tobacco Products Market2020 Research are:-
What will the market size and the growth rate be in 2020?
What are the key factors driving the global Smoking And Other Tobacco Products market?
What are the key markets trends impacting the growth of the global Smoking And Other Tobacco Products market?
What are the challenges to market growth?
Who are the key vendors in the global Smoking And Other Tobacco Products market?
What are the market opportunities and threats faced by the vendors in the global Smoking And Other Tobacco Products market?
What are the key outcomes of the five forces analysis of the global Smoking And Other Tobacco Products market?
This independent 300 pages report guarantees you will remain better informed than your competition. With over figures examining the Smoking And Other Tobacco Products market, the report gives you a visual, one-stop breakdown of the leading products, submarket and market leader's market revenue forecasts as well as analysis to 2020 .
Geographically, this report is segmented into several key Regions, with Sales, revenue, Market Share (%) and Growth Rate (%) of Smoking And Other Tobacco Products in these regions, from 2014 to 2020(forecast), covering Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.