IMARC Group, a leading market research company, has recently releases report titled, “Menthol Cigarette Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028“, The study provides a detailed analysis of the industry, including the global menthol cigarette market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
Report Highlights
How big is the menthol cigarette market?
| Report Attributes | Details |
| Market Size in 2022 | US$ 92.1 Billion |
| Market Forecast in 2028 | US$ 108.7 Billion |
| Growth rate (2023 to 2028) | CAGR of 2.7% |
| Base Year of the Analysis | 2022 |
| Forecast Period | 2023-2028 |
What is menthol cigarette?
A menthol cigarette is a cylindrical roll that comprises ground or shredded tobacco, which is mixed with menthol flavoring. It has a minty taste and provides a cooling effect in the mouth while making the smoke less harsh for the consumer. It also has anesthetic properties that assist in soothing dry throats and suppressing coughing. As a result, the demand for menthol cigarette is rising around the world.
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What are the growth prospects and trends in the menthol cigarette industry?
Presently, the increasing demand for menthol cigarettes among consumers who cannot tolerate irritation and the harshness of smoke represents one of the primary factors strengthening the market growth. Besides this, the growing demand for menthol cigarettes among individuals who are trying to quit cigarettes is offering a positive market outlook. Apart from this, the increasing consumption of menthol cigarettes, as they assist in offering a cooling sensation, sensory stimulation, and a fresh flavor, is bolstering the growth of the market. Moreover, the rising demand for menthol cigarettes among the young population due to the smell of menthol and long-lasting flavor is offering lucrative growth opportunities to industry investors. Furthermore, key players are introducing low-tar cigarettes and ultra-slim variants for female consumers, which is propelling the growth of the market.
What is included in market segmentation?
The report has segmented the market into the following categories:
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
Who are the key players operating in the industry?
The report covers the major market players including:
- 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.
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