The latest report by IMARC Group, titled “Asia Pacific Cigarette Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028“, The Asia Pacific cigarette market size reached US$ 719.5 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 926.3 Billion by 2028, exhibiting a growth rate (CAGR) of 4.1% during 2023-2028.
Cigarettes are one of the most popular tobacco products that consist of finely cut tobacco rolled in paper. Typically, smokers light one end of the cigarette and inhale the smoke into their lungs. Cigarettes contain nicotine, a central nervous system (CNS) stimulant that is highly addictive and produces an immediate sense of relaxation. At present, cigarettes are gaining immense traction across the Asia-Pacific region as key players are introducing a wide range of product variants in different sizes, colors, flavors, and shapes.
For an in-depth analysis, you can refer sample copy of the report: https://www.imarcgroup.com/asia-pacific-cigarette-market/requestsample
Asia Pacific Cigarette Market Trends and Drivers:
The Asia Pacific cigarette market is primarily driven by the rising cigarette smoking, especially among the young population, due to the calming neurological effects of nicotine that help manage stress and anxiety. Moreover, busy schedules, hectic lifestyles, and long working hours of individuals have augmented the product demand to cope with stress and anxiety. Additionally, the introduction of flavor-changing capsules in cigarette filters that allow users to crush a liquid-filled capsule to flavor the cigarette smoke has catalyzed market growth. Furthermore, key players are offering a range of fruit, sweet, and alcohol flavors, such as bourbon, berry, lime, coconut, citrus, vanilla, cinnamon, chocolate, and toffee, which is contributing to the market growth. Other factors, including the launch of nicotine-free cigarettes and vapes infused with herbs, easy product availability through online and offline retail channels, rising work-related stress, and the emerging trend of clubbing, are also anticipated to drive the market further.
Report Segmentation:
The report has segmented the market into the following categories:
Breakup by Type:
- Light
- Medium
- Others
Breakup by Distribution Channel:
- Tobacco Shops
- Supermarket and Hypermarkets
- Convenience Stores
- Online Stores
- Others
Breakup by Country:
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players.
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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