Find Out More About Organic Tobacco Market Global Growth With Rising CAGR And Forecast Till 2025|Grand View Research, Inc.
The global organic
tobacco market size is expected to reach USD 233.5 million by 2025,
according to a new report by Grand View Research, Inc. It is projected to
expand at a CAGR of 7.4% during the
forecast period. The emergence of organic tobacco as key alternative to the
conventional cigar and cigarettes owing to its low nicotine and sugar content
is projected to remain a favorable growth driver. Over the past few years,
anti-tobacco activists have been claiming that moderate consumption of organic
cigarettes will help quit smoking.
Asia Pacific is expected to remain the
fastest growing segment, witnessing a CAGR of more than 8% from 2019 to 2025,
attributed to the shifting inclination of consumers towards roll-your-own
cigarette product forms in prominent markets such as South Korea, Japan,
Vietnam, and Malaysia. Furthermore, increasing disposable income and changing
lifestyle among working class population in countries including China, India,
Bangladesh, and Thailand is expected to expand the market size in the near
future.
Key market participants include Santa Fe Natural Tobacco Company; Japan
Tobacco Inc.; Hi Brasil Tobacco; Quinnington Organic Tobacco Company Pty;
Bigarette & Co.; Vape Organics; and Mother Earth Tobacco. Mergers and
Acquisitions (M&A) and increasing spending on R&D are projected to
remain the critical success factor over the next eight years.
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Smokeless
segment is expected to foresee a CAGR of 9.8% from 2019 to 2025. Organic
tobacco also finds application as an herbal alternative for curing various
health problems including obesity and heal wounds. Rising concerns over adverse
effects associated with synthetic pharma drugs in global healthcare sector is
projected to promote the research spending towards the development of organic
tobacco as medicinal alternative.
Further key findings from the report suggest:
·
Flue-cured is projected to
exceed USD 100 million by 2025, on account of the product being enriched with
high sugar content and low nicotine levels
·
The market revenue from smoking
segment was valued at USD 122.6 million in 2018. Rising awareness among heavy
smokers to quit smoking, is expected to expand the scope of organic tobacco
over the next eight years
·
North America and Europe led
the market, generating a total revenue of exceeding USD 80 million in 2018.
High concentration of smokers in developed markets including U.S., Germany, and
France is projected to remain the favorable factor in near future
·
Major manufacturers operating
in the organic tobacco market include Santa Fe Natural Tobacco Company; Japan
Tobacco Inc.; Hi Brasil Tobacco; Quinnington Organic Tobacco Company Pty;
Bigarette & Co.; Vape Organics; and Mother Earth Tobacco
The majority of smokers are now shifting towards
organic tobacco rolled cigarettes, which is positively impacting the market.
Rising health awareness is driving smokers to change their preference. As the
product is less harmful compared to conventional tobacco, majority of smokers
have been shifting their focus towards the consumption of cigars and cigarettes
derived from organic tobacco, instead of quitting the smoking habit completely.
This factor projected to drive the product demand over the projected period.
The smoking segment is one of the lucrative markets
which is anticipated to retain its dominance over the forecast period. The
sub-segment, roll-your-own tobacco, is gaining popularity and is one of the key
reasons propelling the organic tobacco market growth. The key driver here are
anti-tobacco activists who have a belief that organic tobacco compels one to
quit smoking.
Browse Press
Release of this report:
Grand View Research has segmented the global organic
tobacco market on the basis of product, application:
Organic Tobacco Product Outlook (Revenue,
USD Million, 2015 - 2025)
·
Flue-cured
·
Sun Cured
·
Fired Cured
Organic Tobacco Application Outlook (Revenue,
USD Million, 2015 - 2025)
·
Smoking
·
Smokeless
Flue-cured product forms generated a revenue of more than USD 60
million in 2018. These products. High sugar content along with the limited
composition of nicotine in flue-cured forms is expected to promote its usage
among smokers over the next eight years. Fire-cured tobacco is expected to
witness the fastest CAGR of 9.7% from 2018 to 2025. The excellent flavor is
projected to promote the product demand for chewing as well as smoking purposes
in near future.
The market revenue from sun-cured product forms is
expected to reach USD 67.4 million by 2025. Consumers of Mediterranean
countries including Turkey, Greece, Bulgaria, Macedonia, and Romania prefer
these products. Furthermore, low sugar content in the product is projected to
promote the demand over the next eight years.
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
technology to chemicals, materials and healthcare.
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