Global Tobacco Market 2018 Analysis By Top Key Players - China National Tobacco Corporation, Phillip Morris International

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    Global Tobacco Market Fostered by
Proliferating Number of Smokers

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Report Description and Highlights
Report Description
Global Tobacco Market Fostered by Proliferating
Number of Smokers Over the recent years, the
global tobacco market has been witnessing a
steady growth on account of increasing number of
smokers across the globe. This growth can also be
attributed to factors which include strong
distribution channels, elevating disposable
incomes, and emergence of premium, low-risk and
feminine tobacco products in the
market. According to the latest report by IMARC
Group, titled Tobacco Market Global Industry
Trends, Share, Size, Growth, Opportunity and
Forecast 2018-2023, the global tobacco
market reached a value of more than US 8 Billion
in 2017. Tobacco is a plant within the genus
Nicotine of the Solanaceae family. While there
are more than 70 species of tobacco, N. tabacum
is considered as the chief commercial crop.
Tobacco consists of a colourless volatile
alkaloid, commonly known as nicotine which acts
as a stimulant and depressant. It raises the
heart-rate, increases blood-pressure, contracts
peripheral blood vessels and affects the
functioning of brain.  Currently, the production
of tobacco in developed countries is declining,
whereas, in developing countries, tobacco leaf
production continues to increase, thus expanding
their share in the world.
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Report Description and Highlights
Report Description
The tobacco market is witnessing an increase in
the number of smokers, particularly in the
emerging regions like China and India, on account
of consistently growing population. Owing to
escalating disposable incomes of the consumers,
manufacturers are launching premium products and
raising their product prices as customers are
willing to spend their money onto these products.
Apart from this, enhanced distribution networks
have assisted in improving the overall sales of
the tobacco products. Moreover, as females
account for an insignificant share of the total
tobacco consumption, tobacco firms are
introducing products which are labelled as
feminine, including light cigarettes, long and
skinny, etc., in order to widen their
consumer-base and increase the number of female
consumers.  Read more here
https//www.imarcgroup.com/tobacco-processing-plan
t
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Report Description and Highlights

•  
• In addition to this, rising health-consciousness
  has resulted in the advent of a number of
  low-risk tobacco products and manufacturers are
  investing in research and development of numerous
  products which can help them in maintaining their
  profits. This is expected to positively influence
  the growth of the tobacco industry in the
  upcoming years. Looking forward, the market value
  is projected to reach a value of around US 9
  Billion by 2023, expanding at a CAGR of nearly 2
  during 2018-2023.
• Market Summary
• Based on type, the market has been segmented as
  cigarettes, roll your own, cigars, cigarillos,
  smokeless tobacco and others. Presently,
  cigarettes dominate the market, holding the
  largest market share due to an upsurge in the
  population, specifically in the emerging regions.
• Region-wise, the market has been segregated into
  China, India, Brazil, United States and European
  Union. Amongst these, China is the leading market
  owing to a rise in the production of tobacco
  leaves. Apart from this, the rising population
  coupled with escalating disposable incomes of the
  consumers has augmented the demand for cigarette
  in China.
• The competitive landscape of the market has also
  been examined with some of the key players being
  China National Tobacco Corporation, Phillip
  Morris International, British America Tobacco,
  Japan Tobacco International and Imperial Tobacco
  Group.
• Want more information about this market? Request
  a free report sample
• https//www.imarcgroup.com/request?typereportid
  589flagB

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Report Description and Highlights
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