Menthol Cigarette Market Report 2021, Size, Share, Growth, Analysis and Forecast to 2026
According to IMARC Group’s latest report, titled “Menthol Cigarette Market Report: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026, the global menthol cigarette market exhibited moderate growth during 2015-2020. Looking forward, the market is expected to grow at a CAGR of 3.20% during 2021-2026.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Menthol cigarette refers to a cylindrical roll of ground or shredded tobacco blended together with menthol flavoring. Menthol is a chemical compound that is obtained from mint plants, such as spearmint and peppermint. It is usually added in cigarettes to provide a cooling sensation and reduce the harshness of the smoke. Menthol cigarettes can also aid in suppressing the cough reflex by soothing dry throats.
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The rapid urbanization worldwide is primarily driving the market growth. Furthermore, the high prevalence of hectic lifestyles is also propelling the consumption of menthol cigarettes, particularly among the working population, to relieve stress and relax their nerves. Additionally, the growing popularity of flavored cigarettes with small menthol capsules, especially among the women population, is further providing a thrust to the market growth. Besides this, the emergence of low-tar cigarettes and ultra-long or ultra-slim variants is also augmenting the market growth. Several other factors, such as the rising number of smokers and extensive promotional activities by manufacturers through social media platforms, are expected to further drive the global market for menthol cigarettes in the coming years.
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List of Key Companies Covered in this Market Report:
- Alfred Dunhill Ltd.
- Altria Group Inc. (NYSE: MO)
- British American Tobacco (LON: BATS)
- China National Tobacco Corporation
- Commonwealth Brands Inc.
- Essentra Plc (LON: ESNT)
- Imperial Brands Plc (LON: IMB)
- Japan Tobacco Inc. (TYO: 2914)
- KT&G Corporation (KRX: 033780)
- Liggett Group LLC
- Lorillard Tobacco Company
- Philip Morris International Inc. (NYSE: PM)
Breakup by Capsule Type:
- Single Capsule Menthol Cigarette
- Double Capsule Menthol Cigarette
Breakup by End-User:
Breakup by Size:
- King Size
Breakup by Distribution Channel:
- Online Retailers
Breakup by Geography:
- North America (U.S. & Canada)
- Europe (Germany, United Kingdom, France, Italy, Spain, Russia, and Others)
- Asia Pacific (China, India, Japan, South Korea, Indonesia, Australia, and Others)
- Latin America (Brazil, Mexico)
- Middle East & Africa
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