Growth in the global market for tobacco products has been restricted during the past few years due to rising government regulations and taxations, rising health concerns associated with smoking, and several lawsuits across the world. Despite this slow down in consumption levels, market value has been expanding at a steady rate. By 2010, globally, around $374 billion, close to 3% of the GDP of United States is likely to be spent on tobacco products, including cigarettes and cigars.
San Jose, CA (PRWEB) March 18, 2008 -- The tobacco industry often confronts the toughest regulations almost across all regional markets in the world. Though governments have been toughening regulations with the sole aim of abating tobacco consumption levels. Governments are forced to toughen their stands against tobacco consumption mainly due to the rising public health concerns associated with tobacco use. Despite the regulations, global tobacco products market is witnessing positive growth due to growing demand in regions such as Asia-Pacific and Europe. Although there has been a slow down in consumption levels, the absolute number of smokers has been on the rise with increasing population. Leading tobacco producing countries in the world include China, India, Brazil, the US, Turkey, Zimbabwe and Malawi. Asia-Pacific represents the largest market for tobacco products in the world, both in terms of volume and value sales. China, the most populous country in the world represents the single largest market for cigarettes in the world. Global cigarette market is worth $364.7 billion in 2007, as stated in a recent report published by Global Industry Analysts, Inc. In value terms, Europe and Asia-Pacific, together account for over 55% of the global cigarette market. In terms of volume, cigarette sales in Europe and Asia (including Japan) are expected to be around 4100 billion units in 2010. Volume wise, Europe and United States, collectively account for 72% of total cigar sales in the world.
Major players in the marketplace include Agio Cigars, Altadis, Arnold Andre, British American Tobacco, China National Tobacco, Djarum, Gallaher Group, Godfrey Phillips, Habanos, Imperial Tobacco Group, ITC, Japan Tobacco, Korean Tobacco, Liggett Group Inc, Philip Morris, Reynolds American, Souza Cruz, Swedish Match, Swisher International and Vector Tobacco.
"Tobacco Products: A Global Strategic Business Report", published by Global Industry Analysts, Inc., provides a comprehensive review of market trends, product profile, recent developments, mergers, acquisitions, profiles of major players and other strategic industry activities. Analysis is presented for major geographic markets such as US, Canada, Japan, France, Germany, Italy, the UK, Spain, Russia, France, Germany, Italy, UK, Spain, Russia, China, Indonesia, South Korea, Australia, Malaysia, India, Philippines, Singapore, Taiwan, Thailand, Argentina, Brazil, Chile, Colombia, Ecuador, Mexico, Peru, Venezuela and rest of world. Analytics for the period 1991 through 2015 are provided in terms of product segments including cigarettes and cigars.
For more details about this research report, please visit http://www.strategyR.com/Tobacco_Products_Market_Report.asp
About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) is a reputed publisher of off-the-shelf market research. Founded in 1987, the company is globally recognized as one of the world's largest market research publishers. The company employs over 700 people worldwide and publishes more than 880 full-scale research reports each year. Additionally, the company also offers a range of over 60,000 smaller research products including company reports, market trend reports, and industry reports encompassing all major industries worldwide.
Global Industry Analysts, Inc.
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