• Rising Tax And Prices Of Tobacco Products is Expected to Drive the Future Growth
Ken Research announced its latest publication on “India Tobacco Market Outlook to 2018” which provides a comprehensive analysis of the various aspects such as the market size of Cigarettes, Smokeless Tobacco and Beedi, Cigar segments and future outlook of the industry. The report also covers the market shares of major players and brands in India Tobacco Market.
On account of the fact the majority of the Indian tobacco consuming population consumes beedis, snuff and smokeless tobacco, including gutka, khaini and zarda, the tobacco market is majorly held by chewing and beedi tobacco products. Unlike developed countries such as the US, UK and others, where the production of cigarettes accounted for more than ~% of total production of tobacco related products, in India, the tobacco market is majorly controlled by the production of smokeless tobacco such as guthka, khaini and others.
The competitive landscape of smokeless tobacco is highly fragmented amongst gamut of local and domestic manufacturers. The chewing-tobacco products such as pan masala and gutkha are majorly manufactured by small and medium sized tobacco manufacturing companies. Home-grown and small scale factories in sub urban and rural areas of the country are the major contributors in the overall manufacturing of smokeless tobacco market. In the field of smokeless tobacco, none of the foreign players have entered as yet. The market has been predominantly occupied by domestic manufacturers. In the last few years, pan masala has showcased huge demand due to increasing customer's preference. Moreover, mixture of pan masala and smokeless tobacco has showcased significant rise in the last few years.
Country has been witnessing a gradual decline in the sales of cigarettes volume in the last few years, owing to the declining smoking population and increasing cigarettes prices. As a result of this, various companies have launched a number of alternative forms of smoking products (AFOS) such as nicotine chewing gums, tablets and others. The country has witnessed increasing excise taxes by the Central Government of India coupled with augmenting VAT hikes by the majority of states governments across the country. This has hugely impelled the demand smuggled cigarettes in the country, which has fuelled the illicit trade of the tobacco products in the country.
According to the research report “In the upcoming years, the pan masala and flavored smokeless tobacco is expected to drive the market as government has implemented a complete ban on gutkha products.”, according to the Research Analyst, Ken Research.
Key Topics Covered in the Report:
- Market Size by Revenue and Volume Sales
- Market Segmentation by
o Product Categories
- Trends and Development
- SWOT
- Competition and Market Share
- Growth Drivers
- Future Outlook
- Macro Economic Parameters
Companies Covered in the Report
ITC Limited
Godfrey Philips
VST Industries
Bharat Beedi Works
Kerala Dinesh Beedi Workers Cooperative
Mangalore Ganesh Beedi Works
Dhariwal Industries
Dharampal Satyapal
Som Sugandh Industries
Kothari Products
Related Reports:
BRICS Tobacco Market Outlook to 2018 - Rising Consumption of Low Tar Cigarettes to Drive Growth
China Tobacco Market Outlook to 2018 - Driven by Rising Consumption of Cigars
Contact:
Ken Research
Information Department
info@kenresearch.com
+91-11-4701 7199
Ken Research announced its latest publication on “India Tobacco Market Outlook to 2018” which provides a comprehensive analysis of the various aspects such as the market size of Cigarettes, Smokeless Tobacco and Beedi, Cigar segments and future outlook of the industry. The report also covers the market shares of major players and brands in India Tobacco Market.
On account of the fact the majority of the Indian tobacco consuming population consumes beedis, snuff and smokeless tobacco, including gutka, khaini and zarda, the tobacco market is majorly held by chewing and beedi tobacco products. Unlike developed countries such as the US, UK and others, where the production of cigarettes accounted for more than ~% of total production of tobacco related products, in India, the tobacco market is majorly controlled by the production of smokeless tobacco such as guthka, khaini and others.
The competitive landscape of smokeless tobacco is highly fragmented amongst gamut of local and domestic manufacturers. The chewing-tobacco products such as pan masala and gutkha are majorly manufactured by small and medium sized tobacco manufacturing companies. Home-grown and small scale factories in sub urban and rural areas of the country are the major contributors in the overall manufacturing of smokeless tobacco market. In the field of smokeless tobacco, none of the foreign players have entered as yet. The market has been predominantly occupied by domestic manufacturers. In the last few years, pan masala has showcased huge demand due to increasing customer's preference. Moreover, mixture of pan masala and smokeless tobacco has showcased significant rise in the last few years.
Country has been witnessing a gradual decline in the sales of cigarettes volume in the last few years, owing to the declining smoking population and increasing cigarettes prices. As a result of this, various companies have launched a number of alternative forms of smoking products (AFOS) such as nicotine chewing gums, tablets and others. The country has witnessed increasing excise taxes by the Central Government of India coupled with augmenting VAT hikes by the majority of states governments across the country. This has hugely impelled the demand smuggled cigarettes in the country, which has fuelled the illicit trade of the tobacco products in the country.
According to the research report “In the upcoming years, the pan masala and flavored smokeless tobacco is expected to drive the market as government has implemented a complete ban on gutkha products.”, according to the Research Analyst, Ken Research.
Key Topics Covered in the Report:
- Market Size by Revenue and Volume Sales
- Market Segmentation by
o Product Categories
- Trends and Development
- SWOT
- Competition and Market Share
- Growth Drivers
- Future Outlook
- Macro Economic Parameters
Companies Covered in the Report
ITC Limited
Godfrey Philips
VST Industries
Bharat Beedi Works
Kerala Dinesh Beedi Workers Cooperative
Mangalore Ganesh Beedi Works
Dhariwal Industries
Dharampal Satyapal
Som Sugandh Industries
Kothari Products
Related Reports:
BRICS Tobacco Market Outlook to 2018 - Rising Consumption of Low Tar Cigarettes to Drive Growth
China Tobacco Market Outlook to 2018 - Driven by Rising Consumption of Cigars
Contact:
Ken Research
Information Department
info@kenresearch.com
+91-11-4701 7199
Last edited: