According to the latest report by IMARC Group, titled, “Menthol Cigarette Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027“, The global menthol cigarette market size reached US$ 88.9 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 105.9 Billion by 2027, exhibiting a growth rate (CAGR) of 2.9% during 2022-2027.
Menthol cigarette refers to a cylindrical roll of ground or shredded tobacco blended together with menthol flavoring. Menthol is a chemical compound that is obtained from mint plants, such as spearmint and peppermint. It is usually added in cigarettes to provide a cooling sensation and reduce the harshness of the smoke. Menthol cigarettes can also aid in suppressing the cough reflex by soothing dry throats.
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Menthol Cigarette Market Trends and Drivers:
The rapid urbanization worldwide is primarily driving the market growth. Furthermore, the high prevalence of hectic lifestyles is also propelling the consumption of menthol cigarettes, particularly among the working population, to relieve stress and relax their nerves. Additionally, the growing popularity of flavored cigarettes with small menthol capsules, especially among the women population, is further providing a thrust to the market growth. Besides this, the emergence of low-tar cigarettes and ultra-long or ultra-slim variants is also augmenting the market growth. Several other factors, such as the rising number of smokers and extensive promotional activities by manufacturers through social media platforms, are expected to further drive the global market for menthol cigarettes in the coming years.
The competitive landscape of the industry has also been examined along with the profiles of the key players.
- 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., etc.
Menthol Cigarette Market Report 2022-2027 Competitive Analysis and Segmentation:
The report has segmented 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:
Breakup by Size:
- King Size
Breakup by Distribution Channel:
- Online Retailers
Breakup by Region:
- North America
- Latin America
- Middle East and Africa
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