About Menthol Cigarettes
Menthol is a chemical compound that is mainly extracted from peppermint. Menthol not only creates a cooling effect and but also helps to reduces the harness of cigarette smoke as well as suppresses coughing. Growing adoption of methanol citrate among teenagers will increase demand for menthol cigarettes in the United States. For instance, according to an article published by Truth Initiative (nonprofit tobacco control organization), in 2016, more than 7.26% of people aged 12 or older used menthol cigarettes. Furthermore, it is also found that from 2012-14 the young adult smoking, the use of menthol cigarettes was greater than in older adult smokers. Current smokers aged 18-25 ages had the largest rate of use of menthol cigarettes at around 50% between 2012 and 2014. Hence, it will affect the growth of the market in the future.
Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The competitive landscape is characterized by ongoing product innovation, strategic partnerships, and acquisitions aimed at expanding market presence and meeting evolving customer needs. As the demand for Menthol Cigarettes continues to grow, competition among market players is expected to intensify, driving further innovation and advancements in the field. Analyst at AMA Research estimates that United States Vendors will contribute the maximum growth to Global Menthol Cigarettes market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Philip Morris International Inc. (United States), Imperial Brands plc (United Kingdom), Korea Tobacco & Ginseng Corporation (South Korea), Alfred Dunhill, Ltd. (United States), R.J. Reynolds Tobacco Company (United States), British American Tobacco (United Kingdom), Commonwealth Brands (United States) and Liggett Group (United States) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are Lorillard Tobacco (United States), Essentra plc. (United Kingdom) and Others.
Segmentation Overview
AMA Research has segmented the market of Global Menthol Cigarettes market by and Region.
On the basis of geography, the market of Menthol Cigarettes has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Distribution Channel, the sub-segment i.e. Retail Stores will boost the Menthol Cigarettes market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Capsule, the sub-segment i.e. Single Capsule will boost the Menthol Cigarettes market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Gender, the sub-segment i.e. Male will boost the Menthol Cigarettes market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Ages, the sub-segment i.e. 0-20 Ages will boost the Menthol Cigarettes market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Rising Number of Customer from Online Channel
Market Growth Drivers:
Growing Number of People Consuming Cigarettes Globally and Huge Investments as well as Franchising by Major Players across the World
Challenges:
Issue related to High Prices of These Smoking Cessation Aids
Restraints:
Side Effects Related To Methanol Cigarettes
Opportunities:
Growing Demand from Emerging Market such as China and India
Market Leaders and their expansionary development strategies
In April 2020, launched at menthol-ban-retail.co.uk, uses EPoS data from an independent study of 2,600 stores nationwide which analyses local spending habits of menthol cigarette smokers. This includes menthol cigarette purchases and additional shop items purchased in the same transaction.
In April 2021, The Food and Drug Administration announced its long-awaited plan to ban the last flavor still allowed in cigarettes menthol and also said it would ban all flavors of mass-produced cigars, which are popular among youths. The ban would apply only to sales, manufacturing and imports not personal possession.
Key Target Audience
Manufacturers of Menthol Cigarettes, Research and Development (R&D) Companies, Research Organization, Federal Agencies and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.