Asia Pacific Cigarette Market (2021-2027)
Market Forecast By Countries (China, India, Japan, Australia, Indonesia, Philippines, Thailand, Malaysia, Singapore, Rest Of Asia), By Type (Light, Medium, Others), By Distribution Channel (Tobacco Shops, Supermarket And Hypermarkets, Convenience Stores, Online Stores, Others) And Competitive Landscape
According to 6Wresearch, the Asia Pacific Cigarette Market is projected to register growth during 2021-27. The Asia Pacific region is the largest cigarette market in volume sales and consumption in 2018. While the sales are set to decline during the forecast period owing to a combination of tightening legislative landscape and further price increases, new variants like slim/super slim formats and flavoured capsule cigarettes promise great growth potential among younger adult smokers. The early exposure to smoking and peer pressure among young adults is contributing to the market growth. The increasing product demand from emerging economies is acting as another primary growth-inducing factor. This can be attributed to the confluence of several aspects, like urbanization, population explosion, changing lifestyle patterns and expanding consumer spending capacities. Manufacturers are also introducing clove, chocolate and menthol-flavoured cigarettes as well as single and double capsule variants, which are gaining widespread popularity among users. Based on countries China, Philippines, Vietnam, Malaysia, India, Thailand, Bangladesh, and Indonesia make some of the largest markets in the region. Additionally, ‘Recent Trends of Tobacco Use in India’ published in the Journal of Public Health, in 2019, India had a significant number of smokeless tobacco consumers. Furthermore, the increased importance of advertising as a key tool for marketing the product forms on social media and satellite television channels is expected to compel buyers to increase their spending on new products.
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Key Highlights of the Report:
• Asia Pacific Cigarette Market Outlook
• Asia Pacific Cigarette Price Trends
• Asia Pacific Cigarette Market Trend Evolution
• Asia Pacific Cigarette Porter’s Five Forces
• Asia Pacific Cigarette Industry Life Cycle
• Asia Pacific Cigarette Market - Strategic Recommendations
• Asia Pacific Cigarette Market - Key Performance Indicators
• Asia Pacific Cigarette Market - Top Companies Profiles
• Asia Pacific Cigarette Market - Opportunity Assessment By Type
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