Luxury Cigarette Market Share, Growth and Forecast 2027

Summary
Table Of Content

The luxury cigarette market is expected to see an upward trend and high CAGR levels in the forecasted period. Cigarettes, cigars, and other tobacco products have undergone a lot of innovation in the past few years, with innovation in size, styles, flavors, packaging, and nicotine content. For the elite consumers in the market, all of this innovation, coupled with the addictive nature of cigarettes and the status symbol that luxury cigarettes provide, has led to higher demand worldwide. In addition, as more people become health-conscious and climate-conscious, the need for herbal and organic cigarettes has also increased.

During the start of the Covid-19 pandemic, there was the unavailability of tobacco products and increased costs, which led to a fall in global luxury cigarette sales. As a result, 2020 saw a decline in the volume of cigarette and luxury brand sales. However, this decline is over, and the next forecast period is expected to grow sales.

The global Luxury Cigarette Market was valued at around USD 40.75 billion in 2020 and likely move at a CAGR of 7.49% to generate revenue of USD 78.55 billion in 2020. While cumulative revenue opportunity offered by Luxury Cigarette between 2021 and 2027 will be over USD 458 billion.

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Interesting Facts about Luxury Cigarette Industry

Over 50 million people smoke every day in North America
North America has the highest average cigarettes consumption per capita
Over 8 million people die worldwide due to tobacco each year
Luxury cigarettes are costly, and cost goes as high as USD 75 per pack
Saudi Arabia is one of the largest markets for Luxury Cigarettes in the Middle East

Changing Lifestyle

There are a few factors to consider when it comes to drivers to the luxury cigarette market. The first and foremost is the general rise in demand for luxury goods globally as disposable incomes rise and people live more luxurious lifestyles. The number of people with the highest net worth has also gone up. Luxury cigarettes are a status symbol that distinguishes people as part of a social elite class, which drives their demand.

A good method of stress relief

The next factor to consider is the belief amongst people that cigarettes are a suitable method of stress relief. With fast-paced lives and the day and age of modern capitalism, everybody is stressed out about their work, businesses, families, or something else. Therefore, luxury cigarettes are a coping mechanism, and the stress of daily life drives up their demand.

Lastly, as global climate consciousness grows, many companies have started using organic, natural, and additive-free tobacco labels to attract more smokers and drive sales of luxury cigarettes. In addition, many tobacco farmers have also switched to organic farming methods, and the resulting positive response of consumers to the tobacco market has also led to a positive reaction to the cigarettes market.

Health Hazards and Addiction

Because of the harmful and addictive nature of cigarettes, the luxury cigarette market has certain restraints. The first is that there is a huge rise in health consciousness amongst consumers. While people have been becoming more aware of the consequences of smoking in general over the past few years, the Covid-19 pandemic and the resulting rise in respiratory diseases has led to an even more significant decline in consumers’ smoking habits.

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Next, because of the harmful and addictive nature of cigarettes, the luxury cigarette market faces restraints in the form of highly regulated sales and distribution, rules and regulations, high tax and import duties, and restrictive conditions on the tobacco industry. Cigarettes are also not advertised like most other luxury goods, which is a considerable restraint in the age of social media and celebrity influence on consumers worldwide.

Men Dominate Luxury Cigarette Market

The global Luxury Cigarette market is classified into Men and Women. Men dominate the end-user segment with over 70% share in the worldwide market. While low tar and high tar are product types based on tar content. Some of the leading players in global luxury cigarettes include Japan Tabacco, Alliance One International, R.J. Reynolds, Imperial Tobacco Group, CHINA TOBACCO, Altria Group, British American Tobacco, Universal, KT&GPT, Gudang Garam Tbk, and Donskoy Tabak.

1.Preface

1.1.Report Description
1.1.1.Purpose of the Report
1.1.2.Target Audience
1.1.3.USP and Key Offerings
1.2.Research Scope
1.3.Research Methodology
1.3.1.Phase I – Secondary Research
1.3.2.Phase II – Primary Research
1.3.3.Phase III – Expert Panel Review
1.3.4.Approach Adopted
1.3.4.1.Top-Down Approach
1.3.4.2.Bottom-Up Approach
1.3.5.Assumptions
1.4.Market Segmentation

2.Executive Summary
2.1.Market Snapshot: Global Luxury Cigarette Market

3.Market Dynamics & Factors Analysis
3.1.Introduction
3.1.1. Global Luxury Cigarette Market Value, 2015-2027, (US$ Bn)
3.2.Market Dynamics
3.2.1.Key Growth Trends
3.2.2.Major Industry Challenges
3.2.3.Key Growth Pockets
3.3.Attractive Investment Proposition,2020
3.3.1.Type
3.3.2.End-user
3.3.3.Geography
3.4.Porter’s Five Forces Analysis
3.4.1.Threat of New Entrants
3.4.2.Bargaining Power of Buyers/Consumers
3.4.3.Bargaining Power of Suppliers
3.4.4.Threat of Substitute Types
3.4.5.Intensity of Competitive Rivalry
3.5.Value Chain Analysis

4.Market Positioning of Key Players, 2020
4.1.Company market share of key players, 2020
4.2.Top 6 Players
4.3.Top 3 Players
4.4.Major Strategies Adopted by Key Players

5.COVID 19 Impact Analysis
5.1.Global Luxury Cigarette Market Pre Vs Post COVID 19, 2019 – 2027
5.2.Impact on Import & Export
5.3.Impact on Demand & Supply

6.North America
6.1.North America Luxury Cigarette Market, by Country, 2015-2027(US$ Bn)
6.1.1.U.S.
6.1.2.Canada
6.1.3.Mexico
6.2.North America Luxury Cigarette Market, by End-user, 2015-2027(US$ Bn)
6.2.1.Overview
6.2.2.Low Tar
6.2.3.High Tar
6.3.North America Luxury Cigarette Market, by Type, 2015-2027(US$ Bn)
6.3.1.Overview
6.3.2.Men
6.3.3.Women

7.Europe
7.1.Europe Luxury Cigarette Market, by Country, 2015-2027(US$ Bn)
7.1.1.UK
7.1.2.France
7.1.3.Germany
7.1.4.Italy
7.1.5.Russia
7.1.6.Spain
7.1.7.Belgium
7.1.8.Netherland
7.1.9.Austria
7.1.10.Sweden
7.1.11.Poland
7.1.12.Denmark
7.1.13.Switzerland
7.1.14.Rest of Europe
7.2.Europe Luxury Cigarette Market, by End-user, 2015-2027(US$ Bn)
7.2.1.Overview
7.2.2.Low Tar
7.2.3.High Tar
7.3.Europe Luxury Cigarette Market, by Type, 2015-2027(US$ Bn)
7.3.1.Overview
7.3.2.Men
7.3.3.Women

8.Asia Pacific
8.1.Asia Pacific Luxury Cigarette Market, by Country, 2015-2027(US$ Bn)
8.1.1.China
8.1.2.Japan
8.1.3.South Korea
8.1.4.India
8.1.5.Australia
8.1.6.New Zealand
8.1.7.Taiwan
8.1.8.Southeast Asia
8.1.9.Central Asia
8.1.10.Rest of Asia Pacific
8.2.Asia Pacific Luxury Cigarette Market, by End-user, 2015-2027(US$ Bn)
8.2.1.Overview
8.2.2.Low Tar
8.2.3.High Tar
8.3.Asia Pacific Luxury Cigarette Market, by Type, 2015-2027(US$ Bn)
8.3.1.Overview
8.3.2.Men
8.3.3.Women

9.Latin America
9.1.Latin America Luxury Cigarette Market, by Country, 2015-2027(US$ Bn)
9.1.1.Brazil
9.1.2.Argentina
9.1.3.Peru
9.1.4.Chile
9.1.5.Colombia
9.1.6.Rest of Latin America
9.2.Latin America Luxury Cigarette Market, by End-user, 2015-2027(US$ Bn)
9.2.1.Overview
9.2.2.Low Tar
9.2.3.High Tar
9.3.Latin America Luxury Cigarette Market, by Type, 2015-2027(US$ Bn)
9.3.1.Overview
9.3.2.Men
9.3.3.Women

10.Middle East
10.1.Middle East Luxury Cigarette Market, by Country, 2015-2027(US$ Bn)
10.1.1.UAE
10.1.2.KSA
10.1.3.Israel
10.1.4.Turkey
10.1.5.Iran
10.1.6.Rest of Middle East
10.2.Middle East Luxury Cigarette Market, by End-user, 2015-2027(US$ Bn)
10.2.1.Overview
10.2.2.Low Tar
10.2.3.High Tar
10.3.Middle East Luxury Cigarette Market, by Type, 2015-2027(US$ Bn)
10.3.1.Overview
10.3.2.Men
10.3.3.Women

11.Africa
11.1.Africa Luxury Cigarette Market, by Country, 2015-2027(US$ Bn)
11.1.1.South Africa
11.1.2.Egypt
11.1.3.Nigeria
11.1.4.Rest of Africa
11.2.Africa Luxury Cigarette Market, by End-user, 2015-2027(US$ Bn)
11.2.1.Overview
11.2.2.Low Tar
11.2.3.High Tar
11.3.Africa Luxury Cigarette Market, by Type, 2015-2027(US$ Bn)
11.3.1.Overview
11.3.2.Men
11.3.3.Women

12.Global
12.1.Global Luxury Cigarette Market, by Type, 2015-2027(US$ Bn)
12.1.1.Overview
12.1.2.Low Tar
12.1.3.High Tar
12.2.Global Luxury Cigarette Market, by Type, 2015-2027(US$ Bn)
12.2.1.Overview
12.2.2.Men
12.2.3.Women

13.Company Profiles
13.1.CHINA TOBACCO
13.2.Altria Group
13.3.British American Tobacco
13.4.Japan Tabacco
13.5.Imperial Tobacco Group
13.6.KT&G
13.7.Universal
13.8.Alliance One International
13.9.R.J. Reynolds
13.10.PT Gudang Garam Tbk
13.11.Donskoy Tabak
Others

List of Tables

TABLE 1 Market Snapshot: Global Beauty Devices (Luxury Cigarette) Market

TABLE 2 Global Luxury Cigarette Market, by Type, 2015-2027 (US$ Bn)

TABLE 3 Global Luxury Cigarette Market, by Type, 2015-2027 (US$ Bn)

TABLE 4 Global Luxury Cigarette Market, by Geography, 2015-2027 (US$ Bn)

TABLE 5 North America Luxury Cigarette Market, by Type, 2015-2027 (US$ Bn)

TABLE 6 North America Luxury Cigarette Market, by Type, 2015-2027 (US$ Bn)

TABLE 7 North America Luxury Cigarette Market, by Country, 2015-2027 (US$ Bn)

TABLE 8 Europe Luxury Cigarette Market, by Type, 2015-2027 (US$ Bn)

TABLE 9 Europe Luxury Cigarette Market, by Type, 2015-2027 (US$ Bn)

TABLE 10 Europe Luxury Cigarette Market, by Country/Region, 2015-2027 (US$ Bn)

TABLE 11 Asia Pacific Luxury Cigarette Market, by Type, 2015-2027 (US$ Bn)

TABLE 12 Asia Pacific Luxury Cigarette Market, by Type, 2015-2027 (US$ Bn)

TABLE 13 Asia Pacific Luxury Cigarette Market, by Country/Region, 2015-2027 (US$ Bn)

TABLE 14 Latin America Luxury Cigarette Market, by Type, 2015-2027 (US$ Bn)

TABLE 15 Latin America Luxury Cigarette Market, by Type, 2015-2027 (US$ Bn)

TABLE 16 Latin America Luxury Cigarette Market, by Country/Region, 2015-2027 (US$ Bn)

TABLE 17 Middle East Luxury Cigarette Market, by Type, 2015-2027 (US$ Bn)

TABLE 18 Middle East Luxury Cigarette Market, by Type, 2015-2027 (US$ Bn)

TABLE 19 Middle East Luxury Cigarette Market, by Country/Region, 2015-2027 (US$ Bn)

TABLE 20 Africa Luxury Cigarette Market, by Type, 2015-2027 (US$ Bn)

TABLE 21 Africa Luxury Cigarette Market, by Type, 2015-2027 (US$ Bn)

TABLE 22 Africa Luxury Cigarette Market, by Country/Region, 2015-2027 (US$ Bn)

TABLE 23 Japan Tabacco: Company Snapshot (Company Overview; Type Portfolio; Financial Information; Key Developments

TABLE 24 Alliance One International: Company Snapshot (Company Overview; Type Portfolio; Financial Information; Key Developments

TABLE 25 R.J. Reynolds: Company Snapshot (Company Overview; Type Portfolio; Financial Information; Key Developments

TABLE 26 Imperial Tobacco Group: Company Snapshot (Company Overview; Type Portfolio; Financial Information; Key Developments

TABLE 27 CHINA TOBACCO: Company Snapshot (Company Overview; Type Portfolio; Financial Information; Key Developments

TABLE 28 Altria Group: Company Snapshot (Company Overview; Type Portfolio; Financial Information; Key Developments

TABLE 29 British American Tobacco: Company Snapshot (Company Overview; Type Portfolio; Financial Information; Key Developments

TABLE 30 Universal: Company Snapshot (Company Overview; Type Portfolio; Financial Information; Key Developments

TABLE 31 KT&GPT Gudang Garam Tbk: Company Snapshot (Company Overview; Type Portfolio; Financial Information; Key Developments

TABLE 32 Donskoy Tabak: Company Snapshot (Company Overview; Type Portfolio; Financial Information; Key Developments

Frequently asked questions

How COVID 19 Impacted Luxury Cigarette Market?

Likewise other industries, COVID 19 also taken a toll on Luxury Cigarette market with around 14.21% decline in 2020 in its revenue as compare to 2019

Which is the leading regional market for Luxury Cigarette?

North America is the largest regional market with highest share in the total volume of Luxury Cigarette consumed in 2020

What is the major growth driving factors for global Luxury Cigarette market?

Growing disposable income of end-users and changing lifestyle

Which is major segment in Luxury Cigarette market by type?

Low Tar Luxury Cigarette segment dominated the Luxury Cigarette market in 2020

Which is major segment in Luxury Cigarette market by end-user?

End-user segment of Luxury Cigarette market is dominated by Men

Rajdeep Kumar Deb

Lead Analyst – Consumer & Finance

Rajdeep brings a decade of consumer goods and financial services insight to strategic market analysis.

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