North America Raw Tobacco Leaves Market
North America comprises economies including, the US, Canada, and Mexico. Raw tobacco leaves contain nicotine and a volatile alkaloid that stimulates brain function. They are used in the production of various tobacco products, such as cigarettes, cigars, bidis, kreteks, and others. For instance, to make cigarettes, finely chopped tobacco leaves are wrapped in paper or other non-tobacco material. On the other side, a cigar is a tobacco roll covered by a tobacco leaf or any other tobacco-containing substance. The leaves are also consumed by snuff, chewing tobacco, dipping tobacco, and snus. Further, the trend of new flavored tobacco products, such as clove cigarettes and menthol cigars, is emerging. In addition, the number of smokers is increasing in North America. For instance, according to Centers for Disease Control and Prevention, in 2019, over 14 out of every 100 adults aged 18 and above smoked cigarettes in the US, depicting that approx. 34.1 million adults smoke cigarettes. The rising number of smokers across the region drives the market growth. However, more than 16 million Americans are affected by a smoking-related ailment in the US. However, present smoking rate has decreased from 20.9 % (almost 21 of every 100 individuals) in 2005 to 14.0 % (14 of every 100 adults) in 2019. Many smokers are quitting smoking because of health concerns related to the consumption of tobacco products, which can lower the demand for raw tobacco leaves.
The US has the highest number of confirmed cases of coronavirus, as compared to Canada and Mexico. This is negatively impacting the food and beverages industry in the region as the COVID-19 outbreak negatively affects the supply and distribution chain. The COVID-19 pandemic has created a significant societal and economic disruption and resulted in closures of stores, factories, and offices, and restrictions on manufacturing, distribution, and travel, all of which will adversely impact our business, results of operations, cash flows, and financial position during the continuation of the pandemic. Thus, the non-availability of raw materials and labor, owing to the restrictions on the movement of people, has hindered the production of the raw tobacco leaves.
Strategic insights for the North America Raw Tobacco Leaves provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.
| Report Attribute | Details |
|---|---|
| Market size in 2021 | US$ 1,552.26 Million |
| Market Size by 2028 | US$ 1,642.61 Million |
| Global CAGR (2021 - 2028) | 0.8% |
| Historical Data | 2019-2020 |
| Forecast period | 2022-2028 |
| Segments Covered |
By Leaf Type
|
| Regions and Countries Covered | North America
|
| Market leaders and key company profiles |
The geographic scope of the North America Raw Tobacco Leaves refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.
The raw tobacco leaves market in North America is expected to grow from US$ 1,552.26 million in 2021 to US$ 1,642.61 million by 2028; it is estimated to grow at a CAGR of 0.8% from 2021 to 2028. It has been witnessed that the number of smokers has been growing at the global level. Over the past few years, consumers are increasingly inclining toward smoking alternatives, and therefore introducing innovative tobacco products in different taste options such as menthol cigars, e-cigarettes, dissolvable tobacco products, and clove cigarettes. Most dissolvable tobacco products dissolve in mouth and do not require spitting or discarding the product. Dissolvable tobacco products are considered as noncombustible tobacco products. It can be sold as strips, sticks, or lozenges. Although the prevalence of dissolvable tobacco is relatively low to regular smoking, the market is likely to witness considerable growth over years owing to the advantages such as added flavors—apple, peach, strawberry, honeydew, pineapple, and prune. These factors together are anticipated to stimulate the market during the forecast period. As a result, producers are focusing on premium tobacco products manufactured with fine whole tobacco leaves and flue-cured tobacco. For instance, in May 2019, Philip Morris launched IQOS (I quit original smoking). This electronic device heats paper-wrapped tobacco-filled sticks and, as a result, generates nicotine-containing aerosol. The product was launched as an alternative to cigarettes. Larger tobacco product manufacturers can utilize economies of scale and can offer distinctive products. Moreover, new, and smaller organizations are now focusing on creative packaging, attractive discounts, branding, and a few niche categories, such as pipe tobacco and additive-free cigarettes. The increasing emphasis on adopting safer alternatives to smoking is anticipated to propel the adoption of e-cigarettes over the coming years. The growing awareness about e-cigarettes and clove cigarette being safer than traditional cigarettes, particularly among the millennial population, due to various studies carried out by medical institutions and associations, is projected to further drive the market growth. Hence, the increase in the demand for e-cigarettes, flavored products, and other new product developments strongly complement the growth of the raw tobacco leaves market.
In terms of leaf type, the Virginia segment accounted for the largest share of the North America raw tobacco leaves market in 2020. Further, in term of application, the smoking tobacco held a larger market share of the raw tobacco leaves market in 2020.
A few major primary and secondary sources referred to for preparing this report on the raw tobacco leaves market in North America are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report are Universal Corporation; Sopariwala Exports; Alliance One International Inc.; Japan Tobacco International; British American Tobacco plc; Star Agritech International; U.S. Tobacco Cooperative Inc.; and Leaf Only among others.
The North America Raw Tobacco Leaves Market is valued at US$ 1,552.26 Million in 2021, it is projected to reach US$ 1,642.61 Million by 2028.
As per our report North America Raw Tobacco Leaves Market, the market size is valued at US$ 1,552.26 Million in 2021, projecting it to reach US$ 1,642.61 Million by 2028. This translates to a CAGR of approximately 0.8% during the forecast period.
The North America Raw Tobacco Leaves Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the North America Raw Tobacco Leaves Market report:
The North America Raw Tobacco Leaves Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The North America Raw Tobacco Leaves Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the North America Raw Tobacco Leaves Market value chain can benefit from the information contained in a comprehensive market report.
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