Global tobacco market projected to grow to USD 1100.9 billion by 2033.

From GlobeNewswire: 2024-06-17 07:00:00

The Global Tobacco Market Size is projected to grow from USD 902.5 Billion in 2023 to USD 1100.9 Billion by 2033, with a Compound Annual Growth Rate (CAGR) of 2.01%. Despite increased awareness of health risks, tobacco remains popular worldwide due to a large customer base. The cigarettes segment is expected to dominate the market, with Asia Pacific leading in market share. Major vendors include Scandinavian Tobacco Group A/S, Altria Group, Inc., and British American Tobacco. In June 2023, Altria Group, Inc. acquired NJOY Holdings, Inc. to advance smoking cessation strategies.



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