United States Tobacco Market Report 2022: Analysis and Forecast of Cigarettes, Cigars, Smoking Tobacco, Smokeless Tobacco, 2016-2026 – ResearchAndMarkets.com

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DUBLIN–(BUSINESS WIRE)–The “United States Tobacco Market, By Product (Cigarettes, Cigars, Smoking Tobacco, Smokeless Tobacco), By Distribution Channel, By Region, By Top 10 Leading States, Competition, Forecast & Opportunity, 2026” report has been added to from ResearchAndMarkets.com offer.

The tobacco market in the United States was valued at USD 90.27 billion in 2020 and is expected to grow with a CAGR of 4.47% over the forecast years, 2022-2026, to reach a market value of 115.57 billion USD by 2026F.

The growth of the market can be attributed to the increase in tobacco consumers. The increased cultivation of tobacco for consumption as well as for export is increasing and further driving the growth of the tobacco market in the United States over the next five years. The tobacco industry in the United States includes companies that grow, sell, and distribute tobacco and related products in every state.

The taste and preferences of consumers are mainly covered by the variety of products offered by tobacco companies at several price points. Product evolution, new launches by existing market players and new market players flooding the market with recent launches like clove cigarettes, menthol cigars, etc., are some of the major factors supporting the growth of the United States tobacco market over the next five years. year.

Additionally, as customers have become more open to alternatives to smoking in recent years, the introduction of innovative tobacco products in a variety of flavors has become critical. As a result, tobacco manufacturers began to focus on premium products made from flue-cured tobacco and thin, whole leaf.

The United States tobacco market is segmented by product, distribution channel, regional analysis, top 10 state distribution, and competitive landscape. Based on product, the market is further divided into cigarettes, cigars, smoking tobacco, and smokeless tobacco. Cigarettes are expected to dominate the market segment and hold the largest market revenue shares, around 38.54% in the forecast year by 2026.

The growth of the market segment can be attributed to the growing inclination of cigarette smokers in the country. Social trends and influential media strongly influence the younger population; thus, the consumption has been increasing in recent years and is expected to grow steadily in the future, thus driving the growth of the tobacco sub-segment and market in the United States over the next five years.

Based on distribution channels, the market is fragmented into tobacconists, convenience stores, supermarkets & hypermarkets, online stores, and others. Tobacco shops are expected to hold the largest market revenue shares and dominate the market segment over the next five years owing to the growing demand for tobacco products.

The online sub-segment is expected to register the fastest growing CAGR value over the next five years, as it is more convenient and offers a wider selection of products to customers within a shorter time frame.

Goal of the study:

  • To analyze the historical market size growth of the United States tobacco market from 2016 to 2020.

  • Estimate and forecast the market size of United States Tobacco Market from 2021 to 2026 and the growth rate till 2026.

  • Classify and forecast the tobacco market in the United States based on product, distribution channel, region, top 10 states and company.

  • Identify the dominant region or state in the United States tobacco market.

  • Identify US tobacco market drivers and challenges.

  • Examine competitive developments such as expansions, new product launches, mergers and acquisitions, etc., in the United States tobacco market.

  • Identify and analyze the profile of major players operating in the United States tobacco market.

  • Identify the key sustainable strategies adopted by market players in the United States Tobacco Market.

Some of the major companies operating in the market are

  • Philip Morris USA, Inc. (Altria Group, Inc.)

  • Reynolds American Inc.

  • ITG Brands, LLC

  • Liggett Vector Brands LLC

  • Swedish Match USA, Inc

  • Scandinavian tobacco group US Holding, Inc

  • UNIVERSAL SOCIETY

  • ROTATING BRANDS, INC.

  • Brown & Williamson Tobacco Corporation

  • Mafco Consolidated Group Inc

  • JC Newman Cigar Company

  • Dosal Tobacco Corporation

  • Tobacco Rag Processors, Inc.

  • Space Jam Juice LLC

  • Schweitzer-Mauduit International, Inc.

Report Scope:

Years considered for this report:

  • Historical years: 2016-2019

  • Reference year: 2020

  • Estimated year: 2021

  • Forecast period: 2022-2026

United States tobacco market, by product

  • Cigarettes

  • Cigar

  • Smoking tobacco

  • smokeless tobacco

Tobacco market in the United States, by distribution channel

  • Tobacconists

  • convenience stores

  • Supermarket and Hypermarkets

  • Online stores

  • Others

United States tobacco market, by region

  • South

  • Where is

  • Mid-West

  • Northeast

United States Tobacco Market, by Top 10 Leading States

  • California

  • Texas

  • Florida

  • New York

  • Ohio

  • Pennsylvania

  • Illinois

  • North Carolina

  • Michigan

  • Georgia

For more information on this report, visit https://www.researchandmarkets.com/r/d1k52v

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