Organic Tobacco Market Size, Share, Growth, Trends and Industry Analysis Report
by Susan Hill Business ConsultantThe
global organic tobacco market size is expected to reach
USD 233.5 million by 2025, according to a new report by Grand View Research,
Inc. It is projected to expand at a CAGR of 7.4% during the forecast period.
The emergence of organic tobacco as key alternative to the conventional cigar
and cigarettes owing to its low nicotine and sugar content is projected to
remain a favorable growth driver. Over the past few years, anti-tobacco
activists have been claiming that moderate consumption of organic cigarettes
will help quit smoking.
Asia Pacific
is expected to remain the fastest growing segment, witnessing a CAGR of more
than 8% from 2019 to 2025, attributed to the shifting inclination of consumers
towards roll-your-own cigarette product forms in prominent markets such as
South Korea, Japan, Vietnam, and Malaysia. Furthermore, increasing disposable
income and changing lifestyle among working class population in countries
including China, India, Bangladesh, and Thailand is expected to expand the
market size in the near future.
Smokeless
segment is expected to foresee a CAGR of 9.8% from 2019 to 2025. Organic
tobacco also finds application as an herbal alternative for curing various
health problems including obesity and heal wounds. Rising concerns over adverse
effects associated with synthetic pharma drugs in global healthcare sector is
projected to promote the research spending towards the development of organic
tobacco as medicinal alternative.
Further key
findings from the report suggest:
- Flue-cured is
projected to exceed USD 100 million by 2025, on account of the product
being enriched with high sugar content and low nicotine levels
- The market
revenue from smoking segment was valued at USD 122.6 million in 2018.
Rising awareness among heavy smokers to quit smoking, is expected to
expand the scope of organic tobacco over the next eight years
- North America
and Europe led the market, generating a total revenue of exceeding USD 80
million in 2018. High concentration of smokers in developed markets
including U.S., Germany, and France is projected to remain the favorable
factor in near future
- Major
manufacturers operating in the organic tobacco market include Santa Fe
Natural Tobacco Company; Japan Tobacco Inc.; Hi Brasil Tobacco;
Quinnington Organic Tobacco Company Pty; Bigarette & Co.; Vape
Organics; and Mother Earth Tobacco
Access
full research report on global organic tobacco market:
www.grandviewresearch.com/industry-analysis/organic-tobacco-market
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Created on Dec 23rd 2019 06:32. Viewed 387 times.