TOBACCO MARKET RESEARCH REPORT AND CONSULTING
Tobacco industry generated sales of $725 billion. The global tobacco industry produced approximately 7.44 million metric tons in 2013. China is the leading producer, which harvested some 3.15 million metric tons in the year 2013. India and Brazil are the other major producers of tobacco. Philip Morris International was the leading tobacco company worldwide, generating $29.7 billion in 2015. Leading tobacco market segment is represented by cigarettes with revenue exceeding $680 billion, which accounts for almost 95% of the overall market. The overall yearly market growth is expected to accelerate to be 4.5% until 2015, bringing the market to almost $890 billion.
There are currently around 1.3 billion smokers in the world, this is figure is expected to grow at a rate of 4% per year. The tobacco market involves the retail of cigarettes, tobacco, cigars, chewing tobacco and cigarillos. There are a total of 4 million agricultural lands available for tobacco globally. Around the world, approximately 12 million cigarettes are smoked per minute.
The global tobacco industry has always been struggling negative publicity due to high taxes, health concerns, and state regulations.
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