GCC Tobacco Market Overview:
The GCC tobacco market was worth US$ XX Billion in 2022, expanding at a CAGR of X% during 2017-2022. Looking forward, the market is projected to grow at a CAGR of around X% during 2023-2028, reaching a value of US$ XX Billion by 2028. Tobacco is manufactured from the leaves of a tobacco plant called Nicotiana tabacum. It comprises nicotine, carbon monoxide, tar, benzene, arsenic, and formaldehyde. It is widely used in cigarettes, cigars, pipe, and shisha and available as rolling and illicit tobacco in various sizes and shapes. It is consumed by individuals in various ways, such as smoking, chewing, and snuffing. It contains substances that offer brain-stimulant properties to enhance the speed of messages traveling between the brain and the body. As it is consumed by young adults, middle-aged adults, and the geriatric population to prevent or lower the risk of developing Parkinson’s and Alzheimer’s dementia disease, the demand for tobacco is rising in the GCC region.
At present, the increasing demand for tobacco products as a stress reliever due to the hectic working schedules currently represents one of the primary factors propelling the market growth in the GCC region. Besides this, the growing demand for smokeless tobacco over traditional tobacco products among the masses is offering a positive market outlook in the region. In addition, the wide availability of various tobacco products through offline and online distribution channels is supporting the growth of the market across the region. Moreover, the growing awareness among the masses about the benefits of consuming tobacco is positively influencing the market in the GCC region. Apart from this, the rising adoption of various flavored tobacco products, such as apple, saffron, berry, and cinnamon, is contributing to the growth of the market in the region. In addition, the escalating demand for premium tobacco products with relatively less toxic chemicals is offering lucrative growth opportunities to industry investors across the region. Furthermore, the rising demand for shisha tobacco products due to its smooth and aromatic smoke is strengthening the market growth in the GCC region.
Beginning with a regional overview, the report explores the dynamics that have a strong influence on the GCC tobacco market and can also impact its future growth. Taking 2022 as the base year, the report covers historical market scenario from 2017-2022 and provides forecasts till 2028. This includes the study of value and volume trends and pricing history. Growth inducing factors, market restraints and recent developments have also been analysed in the report in order to provide a deeper knowledge about the industry. On a regional basis, the report examines the GCC tobacco market in Saudi Arabia, United Arab Emirates, Qatar, Kuwait, Oman and Bahrain. For each of these regions, the report studies the GCC tobacco market in detail for latest trends, outlook and opportunities.
The report analyses the competitive structure of the GCC tobacco market industry and provides the profiles of major players operating in the market. The price margins for the products along with the various success and risk factors for manufacturers have also been covered in the report. Moreover, in order to determine market attractiveness, the report analyses the GCC tobacco market industry along the parameters of the Porter’s Five Forces model. This model examines the degree of competition in the GCC tobacco market industry by analysing the threat posed by new entrants and substitutes, and the bargaining power of suppliers and buyers. SWOT analysis of the market has also been presented in the report which highlights the strengths, weaknesses, opportunities and threats pertaining to the GCC tobacco market industry. Furthermore, the value chain analysis of the GCC tobacco market industry has also been covered in the report. This comprises of all the activities in the value chain, such as the procurement of various raw materials, manufacturing, sales and distribution.
GCC Tobacco Market Segment Insights:
The GCC tobacco market has been analysed as followed:
Segmentation by Type:
Segmentation by Country:
Country-wise, the market has been segmented into Saudi Arabia, United Arab Emirates, Qatar, Kuwait, Oman and Bahrain. Amongst these, Saudi Arabia represents the largest market, accounting for majority of the GCC region.
The competitive landscape of the industry has also been examined along with the profiles of the key players.
Highlights of the GCC Tobacco Market Report:
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