Market Share of Cigarette Industry
Players like British American Tobacco PLC, ITC Limited, Philip Morris Products SA, Altria Group Inc., and Japan Tobacco International SA dominate the market. The leading players in the market studied enjoy a dominant presence worldwide. These players focus on leveraging opportunities posed by emerging markets to expand their product portfolio to cater to the requirements of various product segments, especially e-cigarettes. Owing to this factor, the key players are embarking on mergers and acquisitions as one of their key strategies to achieve consolidation and optimize their offerings. Advanced distribution networks and manufacturing expertise give an upper edge to the manufacturers to expand their range of products across the region.
Cigarette Market Leaders
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British American Tobacco PLC
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Altria Group Inc.
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Japan Tobacco International
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ITC Limited
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Philip Morris Products SA
*Disclaimer: Major Players sorted in no particular order
