North America Raw Tobacco Leaves Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Leaf Type (Virginia, Oriental, and Others) and Application (Smoking Tobacco, Moist and Dry Snuff, and Others)

Code: TIPRE00024736 | Pages: 96 | Industry: Food and Beverages | Date: Sep 2021
Covid

Market Introduction

North America comprises economies including, the US, Canada, and Mexico. Raw tobacco leaves contain nicotine and a volatile alkaloid that stimulates brain function. They are used in the production of various tobacco products, such as cigarettes, cigars, bidis, kreteks, and others. For instance, to make cigarettes, finely chopped tobacco leaves are wrapped in paper or other non-tobacco material. On the other side, a cigar is a tobacco roll covered by a tobacco leaf or any other tobacco-containing substance. The leaves are also consumed by snuff, chewing tobacco, dipping tobacco, and snus. Further, the trend of new flavored tobacco products, such as clove cigarettes and menthol cigars, is emerging. In addition, the number of smokers is increasing in North America. For instance, according to Centers for Disease Control and Prevention, in 2019, over 14 out of every 100 adults aged 18 and above smoked cigarettes in the US, depicting that approx. 34.1 million adults smoke cigarettes. The rising number of smokers across the region drives the market growth. However, more than 16 million Americans are affected by a smoking-related ailment in the US. However, present smoking rate has decreased from 20.9 % (almost 21 of every 100 individuals) in 2005 to 14.0 % (14 of every 100 adults) in 2019. Many smokers are quitting smoking because of health concerns related to the consumption of tobacco products, which can lower the demand for raw tobacco leaves.

The US has the highest number of confirmed cases of coronavirus, as compared to Canada and Mexico. This is negatively impacting the food and beverages industry in the region as the COVID-19 outbreak negatively affects the supply and distribution chain. The COVID-19 pandemic has created a significant societal and economic disruption and resulted in closures of stores, factories, and offices, and restrictions on manufacturing, distribution, and travel, all of which will adversely impact our business, results of operations, cash flows, and financial position during the continuation of the pandemic. Thus, the non-availability of raw materials and labor, owing to the restrictions on the movement of people, has hindered the production of the raw tobacco leaves.


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Market Overview and Dynamics

The raw tobacco leaves market in North America is expected to grow from US$ 1,552.26 million in 2021 to US$ 1,642.61 million by 2028; it is estimated to grow at a CAGR of 0.8% from 2021 to 2028. It has been witnessed that the number of smokers has been growing at the global level. Over the past few years, consumers are increasingly inclining toward smoking alternatives, and therefore introducing innovative tobacco products in different taste options such as menthol cigars, e-cigarettes, dissolvable tobacco products, and clove cigarettes. Most dissolvable tobacco products dissolve in mouth and do not require spitting or discarding the product. Dissolvable tobacco products are considered as noncombustible tobacco products. It can be sold as strips, sticks, or lozenges. Although the prevalence of dissolvable tobacco is relatively low to regular smoking, the market is likely to witness considerable growth over years owing to the advantages such as added flavors—apple, peach, strawberry, honeydew, pineapple, and prune. These factors together are anticipated to stimulate the market during the forecast period. As a result, producers are focusing on premium tobacco products manufactured with fine whole tobacco leaves and flue-cured tobacco. For instance, in May 2019, Philip Morris launched IQOS (I quit original smoking). This electronic device heats paper-wrapped tobacco-filled sticks and, as a result, generates nicotine-containing aerosol. The product was launched as an alternative to cigarettes. Larger tobacco product manufacturers can utilize economies of scale and can offer distinctive products. Moreover, new, and smaller organizations are now focusing on creative packaging, attractive discounts, branding, and a few niche categories, such as pipe tobacco and additive-free cigarettes. The increasing emphasis on adopting safer alternatives to smoking is anticipated to propel the adoption of e-cigarettes over the coming years. The growing awareness about e-cigarettes and clove cigarette being safer than traditional cigarettes, particularly among the millennial population, due to various studies carried out by medical institutions and associations, is projected to further drive the market growth. Hence, the increase in the demand for e-cigarettes, flavored products, and other new product developments strongly complement the growth of the raw tobacco leaves market.

Key Market Segments

In terms of leaf type, the Virginia segment accounted for the largest share of the North America raw tobacco leaves market in 2020. Further, in term of application, the smoking tobacco held a larger market share of the raw tobacco leaves market in 2020.

Major Sources and Companies Listed

A few major primary and secondary sources referred to for preparing this report on the raw tobacco leaves market in North America are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report are Universal Corporation; Sopariwala Exports; Alliance One International Inc.; Japan Tobacco International; British American Tobacco plc; Star Agritech International; U.S. Tobacco Cooperative Inc.; and Leaf Only among others.

Reasons to buy report

  • To understand the North America raw tobacco leaves market landscape and identify market segments that are most likely to guarantee a strong return
  • Stay ahead of the race by comprehending the ever-changing competitive landscape for North America raw tobacco leaves market
  • Efficiently plan M&A and partnership deals in North America raw tobacco leaves market by identifying market segments with the most promising probable sales
  • Helps to take knowledgeable business decisions from perceptive and comprehensive analysis of market performance of various segment form North America raw tobacco leaves market
  • Obtain market revenue forecast for market by various segments from 2021-2028 in North America region.

North America Raw Tobacco Leaves Market Segmentation

North America Raw Tobacco Leaves Market – By Leaf Type

  • Virginia
  • Oriental
  • Others

North America Raw Tobacco Leaves Market – By Application

  • Smoking Tobacco
  • Moist and Dry Snuff
  • Others

North America Raw Tobacco Leaves Market – By Country

  • US
  • Canada  
  • Mexico     

North America Raw Tobacco Leaves Market – Companies Mentioned

  • Universal Corporation
  • Sopariwala Exports
  • Alliance One International Inc.
  • Japan Tobacco International
  • British American Tobacco plc.
  • Star Agritech International
  • U.S. Tobacco Cooperative Inc.
  • Leaf Only

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.           North America Raw Tobacco Leaves – 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 Substitutes

4.2.4        Threat of New Entrants

4.2.5        Competitive Rivalry

4.3         Value Chain Analysis

4.3.1        Raw Material:

4.3.2        Manufacturing/Processing:

4.3.3        Packaging:

4.4         Expert Opinion

5.           North America Raw Tobacco Leaves Market – Key Market Dynamics

5.1         Market Drivers

5.1.1        Scaling Consumption of Tobacco Products in Developing Countries

5.2         Market Restraints

5.2.1        Up-raising Awareness About Harmful Effects of Tobacco Consumption

5.3         Market Opportunities

5.3.1        Increasing Strategic Investments

5.4         Future Trends:

5.4.1        Launch of Distinguished Premium Products

5.5         Impact Analysis of Drivers and Restraints

6.           North America Raw Tobacco Leaves – Market Analysis

6.1         North America Raw Tobacco Leaves Market Overview

6.2         North America Raw Tobacco Leaves Market –Revenue and Forecast to 2028 (US$ Million)

7.           North America Raw Tobacco Leaves Market Analysis – By Leaf Type

7.1         Overview

7.2         North America Raw Tobacco Leaves Market, By Leaf Type (2020 and 2028)

7.3         Virginia

7.3.1        Overview

7.3.2        Virginia: Raw Tobacco Leaves Market – Revenue and Forecast to 2028 (US$ Million)

7.4         Oriental

7.4.1        Overview

7.4.2        Oriental: Raw Tobacco Leaves Market – Revenue and Forecast to 2028 (US$ Million)

7.5         Others

7.5.1        Overview

7.5.2        Others: Raw Tobacco Leaves Market – Revenue and Forecast to 2028 (US$ Million)

8.           North America Raw Tobacco Leaves Market Analysis – By Application

8.1         Overview

8.2         North America Raw Tobacco Leaves Market, By Application (2020 and 2028)

8.3         Smoking Tobacco

8.3.1        Overview

8.3.2        Smoking Tobacco: Raw Tobacco Leaves Market – Revenue and Forecast to 2028 (US$ Million)

8.4         Moist and Dry Snuff

8.4.1        Overview

8.4.2        Moist and Dry Snuff: Raw Tobacco Leaves Market – Revenue and Forecast to 2028 (US$ Million)

8.5         Others

8.5.1        Overview

8.5.2        Others: Raw Tobacco Leaves Market – Revenue and Forecast to 2028 (US$ Million)

9.           North America Raw Tobacco Leaves Market – Country Analysis

9.1         Overview

9.1.1        North America: Raw Tobacco Leaves Market, by Key Country

9.1.1.1          US: Raw Tobacco Leaves Market – Revenue, and Forecast to 2028 (US$ Million)

9.1.1.1.1          US: Raw Tobacco Leaves Market, by Leaf Type

9.1.1.1.2          US: Raw Tobacco Leaves Market, by Application

9.1.1.2          Canada: Raw Tobacco Leaves Market – Revenue, and Forecast to 2028 (US$ Million)

9.1.1.2.1          Canada: Raw Tobacco Leaves Market, by Leaf Type

9.1.1.2.2          Canada: Raw Tobacco Leaves Market, by Application

9.1.1.3          Mexico: Raw Tobacco Leaves Market – Revenue, and Forecast to 2028 (US$ Million)

9.1.1.3.1          Mexico: Raw Tobacco Leaves Market, by Leaf Type

9.1.1.3.2          Mexico: Raw Tobacco Leaves Market, by Application

10.        North America Raw Tobacco Leaves Market - Impact of Coronavirus Outbreak

10.1      Impact of COVID-19 Pandemic on North America Raw Tobacco Leaves Market

11.        Company Profiles

11.1      Universal Corporation

11.1.1     Key Facts

11.1.2     Business Description

11.1.3     Products and Services

11.1.4     Financial Overview

11.1.5     SWOT Analysis

11.1.6     Key Developments

11.2      Sopariwala Exports

11.2.1     Key Facts

11.2.2     Business Description

11.2.3     Products and Services

11.2.4     Financial Overview

11.2.5     SWOT Analysis

11.2.6     Key Developments

11.3      Alliance One International Inc.

11.3.1     Key Facts

11.3.2     Business Description

11.3.3     Products and Services

11.3.4     Financial Overview

11.3.5     SWOT Analysis

11.3.6     Key Developments

11.4      Leaf Only

11.4.1     Key Facts

11.4.2     Business Description

11.4.3     Products and Services

11.4.4     Financial Overview

11.4.5     SWOT Analysis

11.4.6     Key Developments

11.5      British American Tobacco plc.

11.5.1     Key Facts

11.5.2     Business Description

11.5.3     Products and Services

11.5.4     Financial Overview

11.5.5     SWOT Analysis

11.5.6     Key Developments

11.6      Star Agritech International

11.6.1     Key Facts

11.6.2     Business Description

11.6.3     Products and Services

11.6.4     Financial Overview

11.6.5     SWOT Analysis

11.6.6     Key Developments

11.7      U.S. Tobacco Cooperative Inc.

11.7.1     Key Facts

11.7.2     Business Description

11.7.3     Products and Services

11.7.4     Financial Overview

11.7.5     SWOT Analysis

11.7.6     Key Developments

11.8      Japan Tobacco International

11.8.1     Key Facts

11.8.2     Business Description

11.8.3     Products and Services

11.8.4     Financial Overview

11.8.5     SWOT Analysis

11.8.6     Key Developments

12.        Appendix

12.1      About The Insight Partners

12.2      Word Index

LIST OF TABLES

Table 1.             North America Raw Tobacco Leaves Market –Revenue and Forecast to 2028 (US$ Million)

Table 2.             North America Raw Tobacco Leaves Market, by Leaf Type – Revenue and Forecast to 2028 (US$ Million)

Table 3.             North America Raw Tobacco Leaves Market, by Application – Revenue and Forecast to 2028 (US$ Million)

Table 4.             US Raw Tobacco Leaves, by Leaf Type – Revenue and Forecast to 2028 (US$ Million)

Table 5.             US Raw Tobacco Leaves, by Application – Revenue and Forecast to 2028 (US$ Million)

Table 6.             Canada Raw Tobacco Leaves, by Leaf Type – Revenue and Forecast to 2028 (US$ Million)

Table 7.             Canada Raw Tobacco Leaves, by Application – Revenue and Forecast to 2028 (US$ Million)

Table 8.             Mexico Raw Tobacco Leaves, by Leaf Type – Revenue and Forecast to 2028 (US$ Million)

Table 9.             Mexico Raw Tobacco Leaves, by Application – Revenue and Forecast to 2028 (US$ Million)

Table 10.          List of Abbreviation

LIST OF FIGURES

Figure 1.           North America Raw Tobacco Leaves Market Segmentation

Figure 2.           Raw Tobacco Leaves Market Segmentation – By Country

Figure 3.           North America Raw Tobacco Leaves Market Overview

Figure 4.           Raw Tobacco Leaves Market, By Type

Figure 5.           Raw Tobacco Leaves Market, By Country

Figure 6.           North America Raw Tobacco Leaves Market, Industry Landscape

Figure 7.           Porter ‘s Five Forces Analysis for North America Raw Tobacco Leaves Market

Figure 8.           Value Chain: Raw Tobacco Leaves

Figure 9.           Expert Opinion

Figure 10.        North America Raw Tobacco Leaves Market Impact Analysis of Drivers and Restraints

Figure 11.        North America: Raw Tobacco Leaves Market – Revenue and Forecast to 2028 (US$ Million)

Figure 12.        Raw Tobacco Leaves Market Revenue Share, By Leaf Type (2020 and 2028)

Figure 13.        Virginia: Raw Tobacco Leaves Market – Revenue and Forecast To 2028 (US$ Million)

Figure 14.        Oriental: Raw Tobacco Leaves Market – Revenue and Forecast To 2028 (US$ Million)

Figure 15.        Others: Raw Tobacco Leaves Market – Revenue and Forecast To 2028 (US$ Million)

Figure 16.        North America Raw Tobacco Leaves Market Revenue Share, By Application (2020 and 2028)

Figure 17.        Smoking Tobacco: Raw Tobacco Leaves Market – Revenue and Forecast To 2028 (US$ Million)

Figure 18.        Moist and Dry Snuff: Raw Tobacco Leaves Market – Revenue and Forecast To 2028 (US$ Million)

Figure 19.        Others: Raw Tobacco Leaves Market – Revenue and Forecast To 2028 (US$ Million)

Figure 20.        Geographic Overview of North America Raw Tobacco Leaves Market

Figure 21.        North America: Raw Tobacco Leaves Market Revenue Share, by Key Country (2020 and 2028)

Figure 22.        US: Raw Tobacco Leaves Market – Revenue, and Forecast to 2028 (US$ Million)

Figure 23.        Canada: Raw Tobacco Leaves Market – Revenue, and Forecast to 2028 (US$ Million)

Figure 24.        Mexico: Raw Tobacco Leaves Market – Revenue, and Forecast to 2028 (US$ Million)

Figure 25.        Impact of COVID-19 Pandemic Raw Tobacco Leaves Market in North American Countries

  1. Universal Corporation
  2. Sopariwala Exports
  3. Alliance One International Inc.
  4. Japan Tobacco International
  5. British American Tobacco plc.
  6. Star Agritech International
  7. U.S. Tobacco Cooperative Inc.
  8. Leaf Only
  • Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the North America raw tobacco leaves market.
  • 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 the North America raw tobacco leaves market, 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 North America market trends and outlook coupled with the factors driving the raw tobacco leaves 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  
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