South 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: TIPRE00024737 | Pages: 91 | Industry: Food and Beverages | Date: Sep 2021
Covid

Market Introduction

The raw tobacco leaves market in South America is segmented into Brazil, Argentina, and the Rest of South and Central America. Several countries in the region are major growers of tobacco, and they supply tobacco leaves across the world. Brazil accounts for 75% of regional tobacco output, whereas Argentina, Colombia, Guatemala, and Cuba account for the remaining 18%. However, the region's tobacco agricultural land area has reduced from 668,890 hectares in 2006 to 556,372 hectares in 2014. 12 Central American countries, including Nicaragua, Cuba, the Dominican Republic, and Honduras, are among the world's largest cigar manufacturers. There is rising consumption of tobacco products in South America. However, the proportion of the population who uses tobacco has nearly halved across the region because of robust tobacco control laws in several countries across the region. South and Central America is seeing an increase in tobacco-related mortality, which reached more than 300,000 in 2016. The Union has been working in the region since 2006 through the Bloomberg Initiative to Reduce Tobacco Use (BI) Funding Program offering grants and tobacco control technical assistance to organizations. For more than a decade, the Union has supported Brazil's tobacco control efforts by collaborating with national organizations on key country-wide tobacco control policy improvements. Brazil is becoming a global leader in tobacco control, with considerable reductions in adult smoking rates.

Brazil has the highest number of COVID-19 cases in South America, followed by Argentina, Chile, Peru, and Ecuador among others. Governments of these countries have taken an array of actions to protect their citizens and contain COVID-19 spread. The region is experiencing lower export revenues, both, from the dropping commodity prices and reduction in export volumes, especially due to lowered export performance in China, Europe, and the US. Containment measures in several South and Central America countries have reduced economic activity in the food and beverages industries; however, the sector is likely to rebound once the country manages to control the epidemic.


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Market Overview and Dynamics

The raw tobacco leaves market in South America is expected to grow from US$ 1,862.71 million in 2021 to US$ 2,110.94 million by 2028; it is estimated to grow at a CAGR of 1.8% 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 South 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 South 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; and BBM Bommidala Group among others.

Reasons to buy report

  • To understand the South 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 South America raw tobacco leaves market
  • Efficiently plan M&A and partnership deals in South 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 South America raw tobacco leaves market
  • Obtain market revenue forecast for market by various segments from 2021-2028 in South America region.

South America Raw Tobacco Leaves Market Segmentation

South America Raw Tobacco Leaves Market – By Leaf Type

  • Virginia
  • Oriental
  • Others

South America Raw Tobacco Leaves Market – By Application

  • Smoking Tobacco
  • Moist and Dry Snuff
  • Others

South America Raw Tobacco Leaves Market – By Country

  • Brazil
  • Argentina
  • Rest of South and Central America

South 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
  • BBM Bommidala Group

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.           South 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.           South America Raw Tobacco Leaves Market – Key Market Dynamics

5.1         Market Drivers

5.1.1        Surging Consumption of Tobacco Products in Developing Countries

5.2         Market Restraints

5.2.1        Broadening Awareness About Harmful Effects of Tobacco Consumption

5.3         Market Opportunities:

5.3.1        Accelerated Strategic Investments

5.4         Future Trends:

5.4.1        Preamble of Distinguished Premium Products

5.5         Impact Analysis of Drivers and Restraints

6.           South America Raw Tobacco Leaves – Market Analysis

6.1         South America Raw Tobacco Leaves Market Overview

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

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

7.1         Overview

7.2         South 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.           South America Raw Tobacco Leaves Market Analysis – By Application

8.1         Overview

8.2         South 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.           South America Raw Tobacco Leaves Market – Country Analysis

9.1         Overview

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

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

9.1.1.1.1          Brazil: Raw Tobacco Leaves Market, by Type

9.1.1.1.2          Brazil: Raw Tobacco Leaves Market, by Application

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

9.1.1.2.1          Argentina: Raw Tobacco Leaves Market, by Type

9.1.1.2.2          Argentina: Raw Tobacco Leaves Market, by Application

9.1.1.3          Rest of South and Central America: Raw Tobacco Leaves Market – Revenue, and Forecast to 2028 (US$ Million)

9.1.1.3.1          Rest of South and Central America: Raw Tobacco Leaves Market, by Type

9.1.1.3.2          Rest of South and Central America: Raw Tobacco Leaves Market, by Application

10.        Overview- Impact of Coronavirus Outbreak

10.1      Impact of COVID-19 Pandemic on 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      British American Tobacco plc.

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      BBM Bommidala Group

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      Japan Tobacco International

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

12.        Appendix

12.1      About The Insight Partners

12.2      Word Index

LIST OF TABLES

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

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

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

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

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

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

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

Table 8.             Rest of South and Central America Raw Tobacco Leaves, by Type – Revenue and Forecast to 2028 (US$ Million)

Table 9.             Rest of South and Central America Raw Tobacco Leaves, by Application – Revenue and Forecast to 2028 (US$ Million)

Table 10.          List of Abbreviation

LIST OF FIGURES

Figure 1.           South America Raw Tobacco Leaves Market Segmentation

Figure 2.           South America Raw Tobacco Leaves Market Segmentation – By Country

Figure 3.           South America Raw Tobacco Leaves Market Overview

Figure 4.           South America Raw Tobacco Leaves Market, By Type

Figure 5.           South America Raw Tobacco Leaves Market, By Country

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

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

Figure 8.           Value Chain: Raw Tobacco Leaves

Figure 9.           Expert Opinion

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

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

Figure 12.        South America 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.        South 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 South America Raw Tobacco Leaves Market

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

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

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

Figure 24.        Rest of South and Central America: Raw Tobacco Leaves Market – Revenue, and Forecast to 2028 (US$ Million)

Figure 25.        Impact of COVID-19 Pandemic on Raw Tobacco Leaves Market in South and Central America

  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. BBM Bommidala Group
  • Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the South 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 South 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 South 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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