Organic Tobacco Market Analysis Will Expand at a CAGR of 6.2% in terms of volume from 2016-2026
Verfasser: pradnya_86 on Thursday, 23 February 2017Smoking segment is predicted to create more absolute $ opportunity as compared to the smokeless segment
Organic tobacco is majorly used in smoking products such as cigarettes and RYO and is expected to gain traction over the forecast period. The smoking segment is the most dominating segment in terms of market share as well as CAGR. In 2016, the smoking segment was expected to dominate the global organic tobacco market with more than 80% revenue share. The smoking segment is projected to reach more than US$ 200 Mn by 2026 end, expanding at a CAGR of 7.6% over the forecast period. The segment is anticipated to gain more than 5 BPS between 2016 and 2026 and is anticipated to record total incremental opportunity of more than US$ 100 Mn between 2016 and 2026 – which is estimated to represent close to 90% share of the total incremental opportunity between 2016 and 2026. The roll-your-own (RYO) tobacco sub-segment in the smoking segment is expected to expand at a significant CAGR of 8.1% over the forecast period.
Rising high disposable income likely to fuel the growth of the smoking segment in the global organic tobacco market