According to the latest report by IMARC Group, titled “North America Tobacco Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027”, offers a detailed analysis of the market drivers, segmentation, growth opportunities, trends, and competitive landscape to understand the current and future market scenarios.
Year considered to estimate the market size:
• Base year of the analysis: 2021
• Historical period: 2016-2021
• Forecast period: 2022-2027
The North America tobacco market size reached 666,000 Tons in 2021. Looking forward, IMARC Group expects the market to reach 649,000 Tons by 2027.
Market Outlook:
The burgeoning per capita income of consumers has surged the demand for premium tobacco products, which represents one of the primary factors driving the market growth in North America. In line with this, the key market players are introducing low-risk product variants to address the fueling health consciousness of the consumers. They are also launching feminine-labeled and flavor-infused cigarettes to increase the number of female consumers, which is creating a positive outlook for the market. Apart from this, the easy availability of tobacco-based products and the surging number of cigarette smoking population in the region are providing a considerable thrust to the market growth.
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Competitive Landscape with Key Players:
The competitive landscape of the North America tobacco market has been studied in the report with the detailed profiles of the key players operating in the market.
Key Highlights of the Market Segmentation:
The report has segmented the North America tobacco market on the basis of type and country.
Breakup by Type:
- Cigarettes
- Roll your own
- Cigars
- Cigarillos
- Smokeless tobacco
- Others
Breakup by Country:
- United states
- Canada
North America Tobacco Market Application
Tobacco or Nicotiana tabacum belongs to the family Solanaceae, whose leaves contain high levels of the chemical nicotine. After harvesting, tobacco leaves are aged, fermented, cured, and processed in various ways to produce cigars, cigarettes, pipes, dipping and chewing tobacco, and snuff. The consumption of tobacco stimulates the adrenal glands, which release epinephrine. Epinephrine is an addictive hormone that activates the central nervous system (CNS) and increases heart rate, breathing, and blood pleasure. The nicotine content obtained from chewing tobacco has the potential to be a depressant and a stimulant to the CNS.
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Key Highlights of the Report:
- Market Performance (2016-2021)
- Market Outlook (2022-2027)
- Market Trends
- Market Drivers and Success Factors
- Impact of COVID-19
- Value Chain Analysis
- Comprehensive mapping of the competitive landscape
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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IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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