The global roll-your-own tobacco product market size was valued at USD 7.51 Billion in 2020 and is estimated to reach USD 10.46 Billion in terms of revenue, at a CAGR of 4.60% through 2028. Lower costs of RYO tobacco products, taste preferences, and perceived lower health risks associated with the product are the key factors stimulating industry growth.
Handmade cigarettes or loose tobacco are subject to fewer regulations and less taxation. This has led to increased popularity of RYO tobacco products among lower annual income groups and financially weak consumers. The prevalent notion that RYO tobacco is natural and less harmful than factory manufactured cigarettes is fuelling product adoption.
The progressive tax increases on retail cigarette prices, primarily in the developed countries is offering lucrative opportunities for the RYO tobacco products market growth. In addition, surging consumer demand for less expensive tobacco products to maintain their nicotine addiction will boost product proliferation in the coming years. However, growing awareness of the misconception RYO tobacco products being less harmful nature may restraint market growth to some extent.
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Prominent players in the global roll-your own tobacco product market include Imperial Brands, Shine Brands, HBI International, Japan Tobacco International, British American Tobacco, Philip Morris International, Scandinavian Tobacco Group A/S, Altria Group, Inc., Karma Filter Tips, and Curved Papers, Inc., among others.
Key findings in the Report:
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For the purpose of this study, Reports and Data, has segmented the global roll-your-own tobacco product market on the basis of product, distribution channel, and region:
Products Outlook (Revenue, USD Million, 2018- 2028)
Distribution Channel Outlook (Revenue, USD Million, 2018 – 2028)
Regional Outlook (Revenue, USD Million, 2018 – 2028)
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Table Of content:
Chapter 1. Methodology and Scope
1.1. Market Segmentation & Scope
1.2. Market Definition
Chapter 2. Market Synopsis
2.1. Market Outlook
2.2. Product Outlook
Chapter 3. Roll-Your-Own-Tobacco Products Market by Type, Insight, and Trends.
3.1. Market Introduction
3.2. Penetration & Growth Prospect Mapping
Chapter 4. Consumer Behavior Analysis
4.1. Consumer Trends and Preferences
4.2. Factors Affecting Buying Decision
…..
Chapter 9. Company Profiles
9.1. Imperial Brands
9.1.1. Company Overview
9.1.2. Financial Performance
9.1.3. Product Benchmarking
9.1.4. Strategic Initiatives
9.2. British American Tobacco
9.2.1. Company Overview
9.2.2. Financial Performance
9.2.3. Product Benchmarking
9.2.4. Strategic Initiatives
9.3. Japan Tobacco International
9.3.1. Company Overview
9.3.2. Financial Performance
Continued…..
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