IMARC Group, a leading market research company, has recently releases report titled “India Tobacco Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.” The India tobacco market is projected to exhibit a growth rate (CAGR) of 4.80% during 2023-2028.

Tobacco refers to a plant, which contain nicotine, an addictive alkaloid. It is harvested, cured, and processed to create various products, including cigarettes, cigars, and smokeless tobacco. It is also available as pipe tobacco, which is available in various blends, including aromatic and non-aromatic varieties. It is used to manufacture chewable tobacco and snuff, which are consumed orally for nicotine to get absorbed through the oral mucosa. Furthermore, as tobacco manufacturing is responsible for generating jobs in the agriculture, manufacturing, and retail sectors, its production is rising in India.

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What are the growth prospects and trends in the India Tobacco industry?

At present, the increasing popularity of smokeless tobacco products and alternative nicotine delivery options, such as e-cigarettes and heated tobacco products, represents one of the crucial factors impelling the growth of the market in India. Besides this, the rising focus of tobacco product manufacturers to adapt to varying regulatory landscapes and consumer preferences is contributing to the growth of the market. In addition, the growing demand for tobacco products that are produced using environmentally responsible practices is offering a favorable market outlook in India. Apart from this, key market players are striving to meet the escalating demand for tobacco products by implementing sustainable farming methods, reducing waste, and exploring alternative packaging options. Additionally, the increasing emergence of e-commerce brands selling personalized pipes engraved with the initials of the name of the buyers is bolstering the growth of the market in the country.

What is included in market segmentation?

The report has segmented the market into the following categories:

Type Insights:

• Cigarettes

• Roll Your Own

• Cigars

• Cigarillos

• Smokeless Tobacco

• Others

The report has provided a detailed breakup and analysis of the market based on the type. This includes cigarettes, roll your own, cigars, cigarillos, smokeless tobacco, and others. According to the report, cigarettes represented the largest segment.

Regional Insights:

• South India

• North India

• West & Central India

• East India

If you require any specific information that is not covered currently within the scope of the report, we will provide the same as a part of the customization.

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