U.S. Tobacco Market to Expand At A CAGR Of 1.9% from 2017 to 2025

The U.S. tobacco market is expected to reach USD 119.3 billion by 2025, according to a study conducted by Grand View Research, Inc. Increasing consumer disposable income and availability of superior products such as customized e-cigarettes and pipes have bolstered the market growth.

Increasing consumption of tobacco by the youth and female population are boosting the market growth. For instance, as per the SMEs, 14.3 billion women were smokers in the U.S. in 2012.

Increasing health consciousness and government initiatives to control tobacco-related diseases might hamper the market growth. For instance, in 2016, Department of Health planned to introduce a bill to ban the sale of cigarettes from vending machines.

Stringent government regulations pertaining tobacco production, and distribution may slow down the market growth. Additionally, high prices of tobacco products might hamper the market. Therefore, tobacco producing companies are focusing on developing affordable solutions.

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Further key findings from the study suggest:

• Smokeless tobacco is available in various variants such as tobacco chews, and others; therefore, the segment is expected to emerge as the fastest-growing segment over the forecast period.
• The prominent industry participants include Altria Group Inc., Reynolds American Inc., Philip Morris International, Imperial BRANDS, and Japan Tobacco Inc.

Grand View Research has segmented the U.S. tobacco market based on product type:

Product Type Outlook (Revenue, USD Billion; 2014 - 2025)

• Cigarettes
• Smoking Tobacco
• Smokeless Tobacco
• Cigars & Cigarillos

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.