Find Out More About Clove Cigarettes Market Global Growth With Rising CAGR And Forecast Till 2025|Grand View Research, Inc.
The global clove
cigarettes market size is expected to reach USD 135.1 billion by 2025,
according to a new report by Grand View Research, Inc. It is projected to
expand at a CAGR of 4.5% during the
forecast period. The market is majorly driven by the increasing product
launches driven by the growing demand for machine-made clove cigarettes.
Consumers trying to quit smoking are
more inclined toward consumption of clove cigarettes owing to less harshness,
blend of different flavors, and presence of low tar nicotine. Gauging the
consumer preference for lighter cigarettes, companies are focusing on product
launches. For instance, in 2017, Sampoerna, a subsidiary of PHILIP MORRIS
INTERNATIONAL MANAGEMENT introduced a new product named Platinum A. Some of the
common flavors blended with cloves and tobacco include cherry, vanilla,
strawberry, pineapple, grape, orange, menthol, cocoa, and licorice with an
objective to bring uniqueness in the product.
Some of the major players operating in
the global clove cigarettes market include Philip
Morris International Inc.; Gudang Garam; Nojorono Tobacco Indonesia; Japan
Tobacco; British American Tobacco; and Wismilak Group
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The spicy flavor of cloves along with attractive
packaging of these cigarettes significantly attracts young smokers. In 2017,
more than 5 million people in Indonesia used consumed clove cigarettes. Rising
consumption of clove cigarettes especially among the young population in
Indonesia is expected to offer lucrative opportunities for the companies
operating in the clove cigarettes market.
Machine rolled full flavored clove cigarettes
accounted for more than 45% market share in 2018. Clove cigarettes containing
the lowest level of tar and nicotine content as compared to the full flavored
variant, which is one of the unique selling points of these products. Low tar
nicotine clove cigarettes is expected to register a CAGR of 4.9% over the
forecast period.
Further key findings from the report
suggest:
·
APAC is estimated to expand at
the fastest CAGR of 4.7% during the forecast period, driven majorly by the high
demand from Indonesia
·
Machine rolled clove cigarettes
together accounts for more than 80%, with full flavored category contributing a
major share.
·
Some of the major players
operating in the global clove cigarettes market include Philip Morris
International Inc.; Gudang Garam; Nojorono Tobacco Indonesia; Japan Tobacco;
British American Tobacco; and Wismilak Group
Female end user segment is expected to
expand at a CAGR of 3.4% over the forecast period, attributed to rising number
of women smokers in regions such as North America, Europe, and Central and
South America. Russian females accounted for more than 57.0% of the market
share in 2018. Maximum women prefer clove cigarettes due to the presence of
mixture of different flavors reduce the harshness of the products.
Asia Pacific held the largest
market share of more than 60% in 2018. The growth is majorly supported by the
significant production and demand for clove cigarettes in Indonesia, which
accounted for about 92% alone in 2018. APAC clove cigarettes market has
witnessed significant rise in demand in the recent few years. With the rise in
consumer disposable income along with their willingness to try out unique and
premium variants can be attributed to the regional product demand.
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Release of this report:
The male segment accounted for the largest market
share of more than 80% in 2018, driven majorly by the millennials. Majority of
the demand is generated by the male consumers in Indonesia, thereby holding a
share of more than 90% in 2018.
Mostly the young consumers and women
are more inclined to the refreshing taste of clove cigarettes. The spicy flavor
of cloves along with attractive product packaging of these cigarettes attracts
young smokers. In 2017, more than 5 million people in Indonesia consumed clove
cigarettes.
Rising consumption of clove cigarettes
especially among the young population in Indonesia is expected to offer
lucrative opportunities for the market players. Similarly, the young population
from Singapore prefers flavored cigarettes, with menthol and clove being the
popular variants. Increasing demand from the young generation is a major factor
driving the market.
Grand View Research has segmented the global clove
cigarettes market on the basis of type, end user:
Clove Cigarettes Type Outlook (Revenue, USD
Million; 2015 - 2025)
·
Hand Rolled Clove Cigarette
·
Machine Rolled Full Flavored Clove
Cigarette
·
Machine Rolled Low Tar Nicotine
Clove Cigarettes End User Outlook (Revenue,
USD Million; 2015 - 2025)
·
Male
·
Female
About Grand View Research
Grand View Research, Inc. is a U.S.
based market research and consulting company, registered in the State of
California and headquartered in San Francisco. The company provides syndicated
research reports, customized research reports, and consulting services. To help
clients make informed business decisions, we offer market intelligence studies
ensuring relevant and fact-based research across a range of industries, from
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