Roll-Your-Own Tobacco Product Market Estimated To Flourish By 2028: Grand View Research Inc.

 Roll-Your-Own Tobacco Product Market Growth & Trends

The global roll-your-own tobacco product market size is expected to reach USD 10.42 billion by 2028, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 4.2% from 2021 to 2028. The rising consumption of products among females and students is fueling market growth over the world. The adoption rate of the product is increasing among the youth in major economies, including the U.S. Moreover, the financial stress caused by the COVID-19 pandemic has encouraged numerous smokers to shift from factory-made cigarettes to hand-rolled cigarettes due to the cost advantage of roll-your-own (RYO) tobacco products.

The filter and paper tip segment is expected to register the fastest CAGR of 4.7% from 2021 to 2028. Rapid research and product development of new kinds of filters focusing on removing maximum tar, nicotine, and certain gases are estimated to fuel the segment growth. Furthermore, the introduction of biodegradable or environment-friendly filters is expected to boost the demand for filter and paper tips in the upcoming years.

Europe dominated the market with a revenue share of more than 55.0% in 2020. According to the World Health Organization (WHO), Europe reported the highest prevalence of smoking among adults (28%), with a percentage of the consumption trend observed among adolescents. Cigarettes witnessed the highest consumption among Europeans. The popularity of RYO cigarettes is on the rise among consumers due to the cost-effectiveness of the products and the availability of varied flavors. The consumption of RYO cigarettes in the region is mainly concentrated among men who smoke regularly.

Companies are looking to maintain their brand image and gain customer loyalty by upgrading their offerings according to customer specifications and studying consumer behavior patterns. Key players in the market are offering tobacco products in different sizes, flavors, and attractive packaging. These initiatives by manufacturers are propelling the global demand for premium roll-your-own tobacco products.

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Roll-Your-Own Tobacco Product Market Report Highlights

• North America is expected to register the fastest CAGR of 4.7% from 2021 to 2028 owing to the increasing adoption of the product among the young consumers
• By product, the filter and paper tip segment is expected to register the fastest CAGR of 4.7% from 2021 to 2028
• Europe dominated the market by accounting for over 55.0% in 2020. The rate of smoking in the European countries has contributed to the growth of the market in the region
• Offline distribution channel held the largest share of more than 85.0% in 2020

Roll-Your-Own Tobacco Product Market Segmentation

Grand View Research has segmented the global roll-your-own tobacco product market on the basis of products, distribution channel, and region:

RYO Tobacco Products Outlook (Revenue, USD Million, 2016 - 2028)

• RYO Tobacco
• Rolling Paper & Cigarette Tubes
• Injector
• Filter & Paper Tip

RYO Tobacco Product Distribution Channel Outlook (Revenue, USD Million, 2016 - 2028)

• Offline
• Online

RYO Tobacco Product Regional Outlook (Revenue, USD Million, 2016 - 2028)

• North America
  • US.
• Europe
  • Germany
  • UK.
  • France
• Asia Pacific
  • China
  • Australia
• Central & South America
  • Brazil
• Middle East & Africa

List of Key Players of Roll-Your-Own Tobacco Product Market

• Imperial Brands
• British American Tobacco
• Japan Tobacco International
• Scandinavian Tobacco Group A/S
• Altria Group, Inc.
• Philip Morris International
• HBI International
• Curved Papers, Inc.
• Karma Filter Tips
• Shine Brands

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.