The
global Organic Tobacco Market size is expected to reach
USD 233.5 million by 2025, according to a new report by Grand View Research,
Inc. It is projected to expand at a CAGR of 7.4% during the forecast period.
The emergence of organic tobacco as key alternative to the conventional cigar
and cigarettes owing to its low nicotine and sugar content is projected to
remain a favorable growth driver. Over the past few years, anti-tobacco
activists have been claiming that moderate consumption of organic cigarettes
will help quit smoking.
Asia Pacific
is expected to remain the fastest growing segment, witnessing a CAGR of more
than 8% from 2019 to 2025, attributed to the shifting inclination of consumers
towards roll-your-own cigarette product forms in prominent markets such as
South Korea, Japan, Vietnam, and Malaysia. Furthermore, increasing disposable
income and changing lifestyle among working class population in countries
including China, India, Bangladesh, and Thailand is expected to expand the
market size in the near future.
Smokeless
segment is expected to foresee a CAGR of 9.8% from 2019 to 2025. Organic
tobacco also finds application as an herbal alternative for curing various
health problems including obesity and heal wounds. Rising concerns over adverse
effects associated with synthetic pharma drugs in global healthcare sector is
projected to promote the research spending towards the development of organic
tobacco as medicinal alternative.
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a sample copy or view summary of this report @ https://www.grandviewresearch.com/industry-analysis/organic-tobacco-market
Further
key findings from the report suggest:
- Flue-cured is projected to exceed USD 100 million by
2025, on account of the product being enriched with high sugar content and
low nicotine levels
- The market revenue from smoking segment was valued at
USD 122.6 million in 2018. Rising awareness among heavy smokers to quit
smoking, is expected to expand the scope of organic tobacco over the next
eight years
- North America and Europe led the market, generating a
total revenue of exceeding USD 80 million in 2018. High concentration of
smokers in developed markets including U.S., Germany, and France is
projected to remain the favorable factor in near future
- Major manufacturers operating in the organic tobacco
market include Santa Fe Natural Tobacco Company; Japan Tobacco Inc.; Hi
Brasil Tobacco; Quinnington Organic Tobacco Company Pty; Bigarette &
Co.; Vape Organics; and Mother Earth Tobacco
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.
Contact:
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc
Phone: 1-415- 349-0058
Toll Free: 1-888- 202-9519
Email: sales@grandviewresearch.com
For More Information: https://www.grandviewresearch.com
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