Asia Pacific Tobacco Products Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Product Type (Cigarettes, Cigars & Cigarillos, Roll-Your-Own, and Others), and Distribution Channel (Supermarkets & Hypermarkets, Convenience Stores, Online Retail, and Others)
The Asia Pacific tobacco product market is expected to reach US$ 416,164.60 million by 2028 from US$ 353,943.24 million in 2021. The market is estimated to grow at a CAGR of 2.3% from 2021 to 2028.
Tobacco manufacturers spend huge amounts on advertising, sponsorship, and promotion of their products. Also, high price discounts were given to the cigarette retailers in 2020 to reduce the price for consumers. Furthermore, tobacco companies make high marketing and advertising investments because it leads to better brand awareness, high brand preference, increased cravings for a tobacco product, and spontaneous purchases. Thus, the rising marketing investments by key players in The Asia Pacific tobacco products market can open significant growth opportunities in the future. The Asia Pacific tobacco product market is expected to grow at a good CAGR during the forecast period.
Asia Pacific Tobacco Product Revenue and Forecast to 2028 (US$ Million)
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Asia Pacific Tobacco Product Market Segmentation
The Asia Pacific tobacco product market is segmented into product type, distribution channel, and country. Based on product type, the market is segmented into cigarettes, cigars & cigarillos, roll-your-own, and others. The cigarettes segment accounted for a major share in 2020. Based on distribution channel, the market is categorized into supermarkets & hypermarkets, convenience stores, online retail, and others. The supermarkets & hypermarkets segment dominated the market in 2020. Based on country, the Asia Pacific tobacco product market is segmented into China, Japan, India, South Korea, Australia, and the Rest of Asia Pacific. China dominated the Asia Pacific tobacco product market in 2020.
Altria Group Inc, British American Tobacco, ITC Inc, Japan Tobacco International, Philip Moris Product S.A, and China Tobacco International (HA) are among the leading companies in the Asia Pacific Tobacco Product market.
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.1 Scope of the Study
3.2 Research Methodology
3.2.1 Data Collection:
3.2.2 Primary Interviews:
3.2.3 Hypothesis Formulation:
3.2.4 Macro-Economic Factor Analysis:
3.2.5 Developing Base Number:
3.2.6 Data Triangulation:
3.2.7 Country Level Data:
4. Asia Pacific Tobacco Products Market Landscape
4.1 Market Overview
4.2 Porter's Five Forces Analysis
4.2.1 Bargaining Power of Suppliers
4.2.2 Bargaining Power of Buyers
4.2.3 Threat of New Entrants
4.2.4 Competitive Rivalry
4.2.5 Threat of Substitutes
4.3 Expert Opinion
5. Asia Pacific Tobacco Products Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Rising Consumption of Tobacco Products in Developing Economies
5.2 Market Restraints
5.2.1 Stringent Regulations Related to Tobacco Products
5.3 Market Opportunities
5.3.1 Rising Marketing Investments
5.4 Future Trends
5.4.1 Development of Innovative and Premium Products
5.5 Impact Analysis of Drivers and Restraints
6. Tobacco Products Market – Asia Pacific Market Analysis
6.1 Tobacco Products Market Overview
6.2 Asia Pacific Tobacco Products Market –Revenue and Forecast to 2028 (US$ Million)
7. Asia Pacific Tobacco Products Market Analysis – By Product Type
7.1 Overview
7.2 Asia Pacific Tobacco Products Market Breakdown, by Product Type, 2020 & 2028
7.3 Cigarettes
7.3.1 Overview
7.3.2 Cigarettes: Tobacco Products Market – Revenue and Forecast to 2028 (US$ Million)
7.4 Cigar & Cigarillos
7.4.1 Overview
7.4.2 Cigar & Cigarillos: Tobacco Products Market – Revenue and Forecast to 2028 (US$ Million)
7.5 Roll-Your-Own
7.5.1 Overview
7.5.2 Roll-Your-Own: Tobacco Products Market – Revenue and Forecast to 2028 (US$ Million)
7.6 Others
7.6.1 Overview
7.6.2 Others: Tobacco Products Market – Revenue and Forecast to 2028 (US$ Million)
8. Asia Pacific Tobacco Products Market Analysis – By Distribution Channel
8.1 Overview
8.2 Asia Pacific Tobacco Products Market Breakdown, by Distribution Channel, 2020 & 2028
8.3 Supermarkets & Hypermarkets
8.3.1 Overview
8.3.2 Supermarkets & Hypermarkets: Tobacco Products Market – Revenue and Forecast to 2028 (US$ Million)
8.4 Convenience Stores
8.4.1 Overview
8.4.2 Convenience Stores: Tobacco Products Market – Revenue and Forecast to 2028 (US$ Million)
8.5 Online Retail
8.5.1 Overview
8.5.2 Online Retail: Tobacco Products Market – Revenue and Forecast to 2028 (US$ Million)
8.6 Others
8.6.1 Overview
8.6.2 Others: Tobacco Products Market – Revenue and Forecast to 2028 (US$ Million)
9. Asia Pacific Tobacco Products Market – Country Analysis
9.1 Asia-Pacific: Tobacco Products Market
9.1.1 Asia-Pacific: Tobacco Products Market, by Key Country
9.1.1.1 Australia: Tobacco Products Market –Revenue and Forecast to 2028 (US$ Million)
9.1.1.1.1 Australia: Tobacco Products Market, By Product Type
9.1.1.1.2 Australia: Tobacco Products Market, by Distribution Channel
9.1.1.2 China: Tobacco Products Market –Revenue and Forecast to 2028 (US$ Million)
9.1.1.2.1 China: Tobacco Products Market, By Product Type
9.1.1.2.2 China: Tobacco Products Market, by Distribution Channel
9.1.1.3 India: Tobacco Products Market –Revenue and Forecast to 2028 (US$ Million)
9.1.1.3.1 India: Tobacco Products Market, By Product Type
9.1.1.3.2 India: Tobacco Products Market, by Distribution Channel
9.1.1.4 Japan: Tobacco Products Market –Revenue and Forecast to 2028 (US$ Million)
9.1.1.4.1 Japan: Tobacco Products Market, By Product Type
9.1.1.4.2 Japan: Tobacco Products Market, by Distribution Channel
9.1.1.5 South Korea: Tobacco Products Market –Revenue and Forecast to 2028 (US$ Million)
9.1.1.5.1 South Korea: Tobacco Products Market, By Product Type
9.1.1.5.2 South Korea: Tobacco Products Market, by Distribution Channel
9.1.1.6 Rest of Asia-Pacific: Tobacco Products Market –Revenue and Forecast to 2028 (US$ Million)
9.1.1.6.1 Rest of Asia-Pacific: Tobacco Products Market, By Product Type
9.1.1.6.2 Rest of Asia-Pacific: Tobacco Products Market, by Distribution Channel
10. Company Profiles
10.1 Altria Group, Inc.
10.1.1 Key Facts
10.1.2 Business Description
10.1.3 Products and Services
10.1.4 Financial Overview
10.1.5 SWOT Analysis
10.1.6 Key Developments
10.2 British American Tobacco plc
10.2.1 Key Facts
10.2.2 Business Description
10.2.3 Products and Services
10.2.4 Financial Overview
10.2.5 SWOT Analysis
10.2.6 Key Developments
10.3 ITC Ltd.
10.3.1 Key Facts
10.3.2 Business Description
10.3.3 Products and Services
10.3.4 Financial Overview
10.3.5 SWOT Analysis
10.3.6 Key Developments
10.4 Japan Tobacco International
10.4.1 Key Facts
10.4.2 Business Description
10.4.3 Products and Services
10.4.4 Financial Overview
10.4.5 SWOT Analysis
10.4.6 Key Developments
10.5 Philip Morris Products S.A.
10.5.1 Key Facts
10.5.2 Business Description
10.5.3 Products and Services
10.5.4 Financial Overview
10.5.5 SWOT Analysis
10.5.6 Key Developments
10.6 China Tobacco International (HK) Company Limited
10.6.1 Key Facts
10.6.2 Business Description
10.6.3 Products and Services
10.6.4 Financial Overview
10.6.5 SWOT Analysis
10.6.6 Key Developments
11. Appendix
11.1 About The Insight Partners
11.2 Glossary of Terms
LIST OF TABLES
Table 1. Asia Pacific Tobacco Products Market –Revenue and Forecast to 2028 (US$ Million)
Table 2. Australia Tobacco Products Market, By Product Type– Revenue and Forecast to 2028 (US$ Million)
Table 3. Australia Tobacco Products Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Million)
Table 4. China Tobacco Products Market, By Product Type – Revenue and Forecast to 2028 (US$ Million)
Table 5. China Tobacco Products Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Million)
Table 6. India Tobacco Products Market, By Product Type – Revenue and Forecast to 2028 (US$ Million)
Table 7. India Tobacco Products Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Million)
Table 8. Japan Tobacco Products Market, By Product Type – Revenue and Forecast to 2028 (US$ Million)
Table 9. Japan Tobacco Products Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Million)
Table 10. South Korea Tobacco Products Market, By Product Type – Revenue and Forecast to 2028 (US$ Million)
Table 11. South Korea Tobacco Products Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Million)
Table 12. Rest of Asia-Pacific Tobacco Products Market, By Product Type – Revenue and Forecast to 2028 (US$ Million)
Table 13. Rest of Asia-Pacific Tobacco Products Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Million)
Table 14. Glossary of Terms
LIST OF FIGURES
Figure 1. Asia Pacific Tobacco Products Market Segmentation
Figure 2. Asia Pacific Tobacco Products Market Segmentation – By Country
Figure 3. Asia Pacific Tobacco Products Market Overview
Figure 4. Asia Pacific Tobacco Products Market: By Product Type
Figure 5. Asia Pacific Tobacco Products Market: By Country
Figure 6. Asia Pacific Porter's Five Forces Analysis
Figure 7. Asia Pacific Expert Opinion
Figure 8. Asia Pacific Tobacco Products Market Impact Analysis of Drivers and Restraints
Figure 9. Asia Pacific: Tobacco Products Market – Revenue and Forecast to 2028 (US$ Million)
Figure 10. Asia Pacific Tobacco Products Market Breakdown, by Product Type, 2020 & 2028
Figure 11. Asia Pacific Cigarettes: Tobacco Products Market – Revenue and Forecast to 2028 (US$ Million)
Figure 12. Asia Pacific Cigar & Cigarillos: Tobacco Products Market – Revenue and Forecast to 2028 (US$ Million)
Figure 13. Asia Pacific Roll-Your-Own: Tobacco Products Market – Revenue and Forecast to 2028 (US$ Million)
Figure 14. Asia Pacific Others: Tobacco Products Market – Revenue and Forecast to 2028 (US$ Million)
Figure 15. Asia Pacific Tobacco Products Market Breakdown, by Distribution Channel, 2020 & 2028
Figure 16. Asia Pacific Supermarkets & Hypermarkets: Tobacco Products Market – Revenue and Forecast to 2028 (US$ Million)
Figure 17. Asia Pacific Convenience Stores: Tobacco Products Market – Revenue and Forecast to 2028 (US$ Million)
Figure 18. Asia Pacific Online Retail: Tobacco Products Market – Revenue and Forecast to 2028 (US$ Million)
Figure 19. Asia Pacific Others: Tobacco Products Market – Revenue and Forecast to 2028 (US$ Million)
Figure 20. Asia-Pacific: Tobacco Products Market Revenue Share, by Key Country (2020 and 2028)
Figure 21. Australia: Tobacco Products Market –Revenue and Forecast to 2028 (US$ Million)
Figure 22. China: Tobacco Products Market –Revenue and Forecast to 2028 (US$ Million)
Figure 23. India: Tobacco Products Market –Revenue and Forecast to 2028 (US$ Million)
Figure 24. Japan: Tobacco Products Market –Revenue and Forecast to 2028 (US$ Million)
Figure 25. South Korea: Tobacco Products Market –Revenue and Forecast to 2028 (US$ Million)
Figure 26. Rest of Asia-Pacific: Tobacco Products Market –Revenue and Forecast to 2028 (US$ Million)
- Altria Group Inc.
- British American Tobacco.
- ITC Inc.
- Japan Tobacco International.
- Philip Moris Product S.A.
- China Tobacco International (HA).
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the Asia Pacific Tobacco Product market forecast.
- Highlights key business priorities in order to assist companies to realign their business strategies
- The key findings and recommendations highlight crucial progressive industry trends in Asia Pacific Tobacco Product market forecast, thereby allowing players across the value chain to develop effective long-term strategies
- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
- Scrutinize in-depth Asia Pacific market trends and outlook coupled with the factors driving the tobacco product market, as well as those hindering it.
- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing, and distribution.