Menthol Cigarette Market 2022 | Demand, Trends, Share, Size, Growth and Forecast 2027
According to the latest report by IMARC Group, titled, “Menthol Cigarette Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027“, The global menthol cigarette market size reached US$ 88.9 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 105.9 Billion by 2027, exhibiting a growth rate (CAGR) of 2.9% during 2022-2027.
A menthol cigarette is manufactured in a cylindrical roll shape that comprises tobacco and menthol to provide a flavoring agent. It has a minty taste and smell and offers a cooling sensation in the mouth and throat of consumers and reduces the addictiveness of nicotine. As it can lower airway pain and irritation from cigarette smoke and suppress coughing, menthol cigarette is consumed by adults across the globe.
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Menthol Cigarette Market Trends and Drivers:
At present, the rising demand for menthol cigarettes to reduce stress and relax the mind represents one of the primary factors propelling the market growth. Besides this, the growing number of menthol cigarette smokers, as it is easily tolerated and does not offer harshness is offering a positive market outlook. Apart from this, the increasing consumption of menthol cigarettes, as they assist in providing a cooling sensation, sensory stimulation, and a fresh flavor, is positively influencing the market. Moreover, the rising demand for menthol cigarettes among young consumers as they are attracted by the smell and long-lasting menthol flavor is bolstering the growth of the market. Furthermore, the wide availability of menthol cigarettes through various distribution channels, such as supermarkets, hypermarkets, and online stores, is strengthening the growth of the market.
Menthol Cigarette Market Report 2022-2027 Competitive Analysis and Segmentation:
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players.
- Alfred Dunhill Ltd
- Altria Group
- British American Tobacco p.l.c.
- China National Tobacco Corporation
- Commonwealth Brands, Inc.
- Essentra plc
- Imperial Brands PLC
- Japan Tobacco Inc.
- KT&G Corporation
- Liggett Vector Brands LLC
- Reynolds American Inc
- Philip Morris International Inc., etc.
The report has segmented the market based on capsule type, end-user, size and distribution channel.
Breakup by Capsule Type:
- Single Capsule Menthol Cigarette
- Double Capsule Menthol Cigarette
Breakup by End-User:
- Male
- Female
Breakup by Size:
- King Size
- 100s
- Others
Breakup by Distribution Channel:
- Supermarkets
- Hypermarkets
- Online Retailers
- Others
Breakup by Region:
- North America
- Asia-Pacific
- Europe
- Latin America
- Middle East and Africa
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