The global menthol cigarette market size reached US$ 94.7 Billion in 2023. Looking forward, the market is projected to reach US$ 118.4 Billion by 2032, exhibiting a growth rate (CAGR) of 2.51% during 2023-2032.
A menthol cigarette is a cylindrical roll of ground or shredded tobacco that is mixed together with menthol flavoring. Menthol is a chemical compound that is produced from mint plants, such as spearmint and peppermint. It is usually added in cigarettes to give a cooling sensation and reduce the harshness of the smoke for the consumer. It also has anesthetic effects and can aid in suppressing the cough reflex by soothing dry throats. In certain variants, menthol is present in small quantities within or near the cigarette filter to release a burst of flavor while smoking.
The rapid urbanization across the globe is one of the key factors driving the growth of the market. Owing to sedentary lifestyle habits and hectic schedules, working professionals are increasingly consuming cigarettes to relieve stress and relax their nerves. Menthol cigarettes offer a cooling sensation, sensory excitation and fresh flavor, which provides relief and makes the user more habitual to the flavor. Additionally, the introduction of flavorless cigarettes with small menthol capsules and menthol cigarettes with an additional capsule is also providing a boost to the market growth. These capsules enable the user to manipulate the intensity of the flavor as per their choice.
Apart from this, other product innovations, including the development of low-tar cigarettes and ultra-long and ultra-slim variants for female consumers, are also contributing to the market growth. Other factors, such as the rising number of smokers, including the young and female population, and aggressive promotional activities by manufacturers through social media platforms, are projected to drive the market further.
2. What is the expected growth rate of the global menthol cigarette market during 2024-2032?
3. What are the key factors driving the global menthol cigarette market?
4. What has been the impact of COVID-19 on the global menthol cigarette market?
5. What is the breakup of the global menthol cigarette market based on the capsule type?
6. What is the breakup of the global menthol cigarette market based on the end-user?
7. What is the breakup of the global menthol cigarette market based on the size?
8. What are the key regions in the global menthol cigarette market?
9. Who are the key players/companies in the global menthol cigarette market?
A menthol cigarette is a cylindrical roll of ground or shredded tobacco that is mixed together with menthol flavoring. Menthol is a chemical compound that is produced from mint plants, such as spearmint and peppermint. It is usually added in cigarettes to give a cooling sensation and reduce the harshness of the smoke for the consumer. It also has anesthetic effects and can aid in suppressing the cough reflex by soothing dry throats. In certain variants, menthol is present in small quantities within or near the cigarette filter to release a burst of flavor while smoking.
The rapid urbanization across the globe is one of the key factors driving the growth of the market. Owing to sedentary lifestyle habits and hectic schedules, working professionals are increasingly consuming cigarettes to relieve stress and relax their nerves. Menthol cigarettes offer a cooling sensation, sensory excitation and fresh flavor, which provides relief and makes the user more habitual to the flavor. Additionally, the introduction of flavorless cigarettes with small menthol capsules and menthol cigarettes with an additional capsule is also providing a boost to the market growth. These capsules enable the user to manipulate the intensity of the flavor as per their choice.
Apart from this, other product innovations, including the development of low-tar cigarettes and ultra-long and ultra-slim variants for female consumers, are also contributing to the market growth. Other factors, such as the rising number of smokers, including the young and female population, and aggressive promotional activities by manufacturers through social media platforms, are projected to drive the market further.
Key Market Segmentation
This report provides an analysis of the key trends in each sub-segment of the global menthol cigarette market report, along with forecasts at the global, regional and country level from 2024-2032. The report has categorized the market based on capsule type, end-user, size, and distribution channel.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
- United States
- Canada
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- Brazil
- Mexico
- Others
- Middle East and Africa
Competitive Landscape
The competitive landscape of the industry has also been examined with some of the key players being 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 and Philip Morris International Inc.Key Questions Answered in This Report
1. What was the size of the global menthol cigarette market in 2023?2. What is the expected growth rate of the global menthol cigarette market during 2024-2032?
3. What are the key factors driving the global menthol cigarette market?
4. What has been the impact of COVID-19 on the global menthol cigarette market?
5. What is the breakup of the global menthol cigarette market based on the capsule type?
6. What is the breakup of the global menthol cigarette market based on the end-user?
7. What is the breakup of the global menthol cigarette market based on the size?
8. What are the key regions in the global menthol cigarette market?
9. Who are the key players/companies in the global menthol cigarette market?
Table of Contents
1 Preface3 Executive Summary12 Value Chain Analysis14 Price Indicators
2 Scope and Methodology
4 Introduction
5 Global Menthol Cigarette Market
6 Market Breakup by Capsule Type
7 Market Breakup by End-User
8 Market Breakup by Size
9 Market Breakup by Distribution Channel
10 Market Breakup by Region
11 SWOT Analysis
13 Porters Five Forces Analysis
15 Competitive Landscape
List of Figures
List of Tables
Companies Mentioned
- 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.
Methodology
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 144 |
| Published | April 2024 |
| Forecast Period | 2023 - 2032 |
| Estimated Market Value ( USD | $ 94.7 Billion |
| Forecasted Market Value ( USD | $ 118.4 Billion |
| Compound Annual Growth Rate | 2.5% |
| Regions Covered | Global |
| No. of Companies Mentioned | 12 |
