United States (USA) Tobacco Market Share & Size, Global Sector / Industry Report & Analysis, 2018-2025 (Includes Business Impact of COVID-19)

                                          
Abstract, Snapshot, Market Analysis & Market Definition: United States (USA) Tobacco Market


The U.S. tobacco market size was USD 100.3 billion in 2016 and is expected to grow further over the forecast period. Increasing consumer disposable income and the availability of superior products such as customized e-cigarettes and pipes are driving the market growth. Additionally, increasing consumption of tobacco products by the youth and female population has further elevated the demand for these products.

  
Numerous health benefits can be gained by smoking tobacco. For instance, according to a study by the American Journal of Epidemiology, smoking tobacco can reduce the risk of Parkinson’s disease. Additionally, smoking tobacco by addicted in various forms such as cigarettes and others are anticipated to reduce stress levels.
Availability of superior products such as e-cigarettes, pipes, vapor products and others are also boosting the market growth. Earlier, tobacco smoking was considered as a masculine habit, but with globalization, the female population has also adopted smoking. Tobacco companies are offering tobacco products of different variants. There are various types of cigarettes available for men and women and of different flavors.
However, stringent government regulations pertaining tobacco production and distribution may slow down the market growth. Additionally, increasing health consciousness and government initiatives to control tobacco-related diseases might hamper the market growth. For instance, in 2016, Department of Health planned to introduce a bill to ban the sale of cigarettes from vending machines.

Market Segmentation, Outlook & Viewpoint: United States (USA) Tobacco Market


This report forecasts revenue growth at global, regional, and country levels and analyzes the industry trends in each of the sub-segments from 2016 to 2025. For this study, Grand View Research has segmented the U.S. tobacco market report based on product type:

Product Type Outlook (Revenue, USD Billion; 2014 - 2025)

Cigarettes

Smoking Tobacco

Smokeless Tobacco

Cigars & Cigarillos

Key Players, Recent Developments & Regional Insights: United States (USA) Tobacco Market


Cigarettes segment dominated the U.S. market. It was valued at USD 83.3 billion in 2016 and is anticipated to grow at a CAGR of 1.4% over the forecast period. The absence of tobacco-free products and substitutes was driving the market growth. However, smokeless tobacco segment is expected to be the fastest-growing segment over the forecast period. These products are available in various forms such as tobacco chews, nicotine patches, nicotine discs and others.

  
Additionally, chewing tobacco is considered to act as an appetite suppressant as it is consumed through the mouth and hence a person cannot eat when it is being consumed. Therefore, it is beneficial for weight loss. Thus, the segment is anticipated to reach USD 9.5 billion by 2025, growing at a CAGR of 4.2% over the forecast period.

Regional Insights


In North America, due the presence of large tobacco companies such as Reynolds American Inc., Altria Group Inc., and Philip Morris International are driving the market growth. Additionally, advanced technology has enabled companies to develop substitutes such as vapor products that are boosting the market growth in the region.
In the U.S. availability of tobacco products via various other distribution channels such as online portals, vending machines, tobacco specialists are boosting the market growth. However, stringent government regulations regarding tobacco production, distribution and marketing may slow down the market growth.
U.S. Tobacco Market Share Insights     
The prominent industry participants include Altria Group Inc., Reynolds American Inc., Philip Morris International, Imperial BRANDS, and Japan Tobacco Inc. among others. The key players in the market are focusing on collaborating with other players. Moreover, they are making huge investments in R&D to develop innovative solutions and gain a competitive edge over others.
Various companies undertake mergers & acquisitions to gain a competitive edge. For instance, in 2017, British American Tobacco acquired Reynolds American Inc., a tobacco company, for approximately USD 49 billion to get access to the U.S. tobacco market.

Key Insights Covered: Global United States (USA) Tobacco Market
1.  Market size (sales, revenue and growth rate) of United States (USA) Tobacco industry.
2. Global major manufacturers' operating situation (sales, revenue, growth rate and gross margin) of United States (USA) Tobacco industry.
3. SWOT analysis, New Project Investment Feasibility Analysis, Upstream raw materials and manufacturing equipment & Industry chain analysis of United States (USA) Tobacco industry.
4. Market size (sales, revenue) forecast by regions and countries from 2019 to 2025 of United States (USA) Tobacco industry.

Research Methodology: United States (USA) Tobacco Market

Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analyzed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please Request a Sample Report.
Demand Side Primary Contributors: OEMs, Industrial Professionals, Researches, Suppliers and Distributors, Group Purchasing Organizations, Associations, Insurers, Universities, Technological Writers, Scientists, Promoters, Investors among others.
Supply Side Primary Contributors: Product Managers, Marketing Managers, C-Level Executives, Distributors, Market Intelligence, Regulatory Affairs Managers among others.