The report tracks the latest industry trends and analyses their overall impact on the market. It also evaluates the market dynamics, which cover the key demand and price indicators, and studies the market on the basis of the SWOT and Porter’s Five Forces models.
Historical Year: 2016-2021
Base Year: 2021
Forecast Year: 2022-2027
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Tobacco refers to a compound that is prepared by drying and fermenting tobacco plant leaves. It consists of a colorless volatile alkaloid, also known as nicotine, which works as a depressant and is associated with constricting peripheral blood vessels, elevating the heart rate, increasing blood pressure, irritating lung tissues, and affecting brain functions. Additionally, it also triggers complex biochemical and neurotransmitter disruptions. Tobacco is consumed as snuff, snus, cigars, shisha, cigarillos, and cigarettes, while chewing it is one of the most popular ways of consumption.
Note: Our analysts are continuously monitoring the influence of the COVID-19 pandemic on the market. This insightful information is included in the report to improve the efficiency, resilience and overall performance of businesses.
GCC Tobacco Market Industry Trends and Drivers:
The increasing number of smokers owing to their hectic work schedules, exposure to tobacco products at an early age, and inflating disposable incomes is one of the primary factors augmenting the GCC tobacco market. In addition to this, the growing demand for premium quality tobacco goods with numerous innovative and attractive designs, including curved edge, limited-edition, and slide opening packs, is further catalyzing the market growth.
Moreover, the extensive R&D activities to develop low-risk tobacco variants, on account of the expanding health awareness among consumers, are acting as another significant growth-inducing factor. Apart from this, the introduction of product novelties, such as super-slim and demi-slim cigarettes targeted at women, Roll-Your-Own-Cigarettes (RYOC), additive-free, and miniature cigarettes, is also stimulating tobacco consumption. Additionally, the emerging trend of customizing e-cigarettes and the rising product availability through online retail channels are expected to drive the GCC tobacco market in the coming years.
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GCC Tobacco Market Segmentation:
The market is segmented in on the basis of type, end use and region.
- End use
- North America
- Asia Pacific
- Latin America
- Middle East and Africa
The report also provides insights on the competitive landscape of the tobacco market with the leading players profiled in the report.
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