United States Tobacco Market By Product (Cigarettes, Cigar, Smoking Tobacco, and Smokeless Tobacco), By Distribution Channel (Tobacco Shops, Convenience Stores, Supermarkets and Hypermarkets, Online, Others (Wholesale, Counter shops etc.) By Region, By Top 10 Leading States, Competition, Forecast & Opportunities, 2018-2028F
Published Date: October - 2024 | Publisher: MIR | No of Pages: 320 | Industry: Consumer Goods and Retail | Format: Report available in PDF / Excel Format
View Details Buy Now 2890 Download Sample Ask for Discount Request CustomizationThe United States tobacco market was valued at USD99.47 billion in 2022 and is projected to grow at a CAGR of over 7.95% through 2028 and is anticipated to project robust growth in the forecast period. The market for tobacco in the United States is witnessing high demand owing to the various factors such as high demand from young consumers, rising tobacco consumption in the country due to launch of new tobacco based products and unique marketing and advertising tactics by several brands.
United States Tobacco Market Scope
Tobacco is a product made from a plant whose leaves have a high concentration of the addictive chemical nicotine. There are numerous techniques to harvest, mature, and process tobacco leaves. The end products may be applied to the gums as dipping and chewing tobacco or breathed as snuff. They may also be smoked in the form of cigarettes, cigars, and pipes.
United States Tobacco Market Overview
The US tobacco market is shaped by a lot of things – think addiction, how it's advertised, what society thinks, the economy, and even globalization. Nicotine's super addictive, so the industry thrives on people who keep buying tobacco despite knowing the health risks. The US Centers for Disease Control and Prevention reported that around 12.5% of adults smoked cigarettes in 2021, and a shocking 1,600 young people try their first cigarette every day! Plus, the industry spends big on marketing to get more people smoking. Economic factors play a role too; for example, tobacco manufacturing is a significant employer in some areas. Believe it or not, in 2021, tobacco jobs were still about one-tenth of one percent of all manufacturing jobs in the US. Globalization has also made the industry bigger and more competitive. But with laws and health worries getting tougher, the industry needs to change and push things like low-nicotine cigarettes to keep growing.
United States Tobacco Market Drivers
Due to a number of factors, including the fact that the United States is now the world's fourth-largest tobacco producer behind China, India, and Brazil and the increased accessibility of various tobacco products like cigarettes and cigars, tobacco consumption in the United States is on the rise.
United States Tobacco Market Trends
Hey, more and more people are grabbing their tobacco online these days! It seems like the whole industry is moving that way. I guess it makes sense, right? You get convenience, a bigger selection, and sometimes even better prices. Take Cigars International, for example. They've got tons of different cigars on their site. And don't forget CigsWay – they sell all kinds of cigarettes from different brands. Who wants to leave the house or go to a store when you can just shop from your couch? Plus, online you can usually find way more stuff, including those rare or hard-to-find items your local shop probably doesn't carry. And because online stores usually have lower overhead and can buy in bulk, prices are often better than what you'd find in a brick-and-mortar shop. So yeah, it looks like the US tobacco market is going to get a big boost from all this online action.
Lots of folks in the US still use good old-fashioned oral smokeless tobacco. It's easy to pop in your mouth even where you can't light up a cigarette. We're talking about 2 out of every 100 adults, which works out to 5.7 million people in the United States! But, things are changing, and folks are starting to check out newer oral tobacco products like nicotine pouches. People think these are safer than the traditional stuff like snus and snuff. They're basically a whole new thing, giving you options that are supposedly safer and even tobacco-free. Because of all this buzz, the big tobacco companies are jumping into this popular market.
United States Tobacco Market Challenges
Due to growing consumer awareness of the negative effects of tobacco use, the demand for tobacco in the United States is predicted to be low. Nearly 16 million Americans are affected by an illness caused due to smoking, according to information supplied by the US Centers for Disease Control and Prevention. Smoking raises the chance of getting rheumatoid arthritis, some eye illnesses, and immune system problems including TB.
Additionally, smoking cigarettes causes more than 480,000 fatalities each year in the US, including more than 41,000 deaths from secondhand smoke exposure. Approximately 1 in 5 fatalities every year result from this, or 1,300 fatalities each day. Consequently, the US tobacco business is anticipated to witness low demand in the coming years.
Market Opportunities
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Market Segmentation
The United States tobacco market is segmented based on product, distribution channel, region, top 10 leading states and competitive landscape. Based on product, the market is fragmented into cigarettes, cigar, smoking tobacco and smokeless tobacco. Further, based on distribution channel the market is segmented into tobacco shops, convenience retailers, supermarkets and hypermarkets, online, others include wholesale, counter shops, etc. On the basis of region, the market is divided into south, west, mid-west, north-east.
Company Profiles
Altria Group, Inc., Reynolds American Inc., ITG Brands, LLC, Liggett Vector Brands LLC, Swedish Match USA, Inc, General Cigar Co., Inc., Turning Point Brands, Inc., Dosal Tobacco Corporation, J.C. Newman Cigar Company, Swisher International Group Inc. are some of the major players in the United States tobacco market.
| Attribute | Details |
| Market Size Value in 2022 | USD99.47 Billion |
| Revenue Forecast in 2028 | USD154.80 Billion |
| Growth Rate | 7.95% |
| Base Year | 2022 |
| Historic Data | 2018 – 2021 |
| Estimated Year | 2023 |
| Forecast Period | 2024 – 2028 |
| Quantitative Units | Value in USD Billion, CAGR for 2018-2022 and 2023-2028 |
| Report Coverage | Revenue forecast, company share, competitive landscape, growth factors, and trends |
| Segments Covered | ProductDistribution ChannelRegion |
| Regional scope | , South, West, Mid-West, North-East |
| Key Companies Profiled | Altria Group, Inc., Reynolds American Inc., ITG Brands, LLC, Liggett Vector Brands LLC, Swedish Match USA, Inc, General Cigar Co., Inc., Turning Point Brands, Inc., Dosal Tobacco Corporation, J.C. Newman Cigar Company, Swisher International Group Inc. |
| Customization scope | 10% free report customization with purchase. Addition or alteration to country, regional & segment scope. |
| Pricing and purchase options | Avail customized purchase options to meet your exact research needs. Explore purchase options |
| Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
Report Scope
In this report,
- United States Tobacco Market, By Product
- Cigarettes
- Cigar
- Smoking Tobacco
- Smokeless Tobacco
- United States Tobacco Market, By Distribution Channel
- Tobacco Shops
- Convenience Stores
- Supermarkets and Hypermarkets
- Online
- Others (Wholesale, Counter shops etc.)
- United States Tobacco Market, By Region
- South
- West
- Mid-West
- North-East
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