West Africa Cigarettes Market is forecasted to grow at a CAGR of 3.4% with factors such as the rising number of suppliers for raw materials for the production of cigarettes in the region.
Cigarettes market has shown an exceptional penetration in countries such as Nigeria, Ghana and Niger. In the West Africa region, rising profits from the premium cigarette products are creating opportunities for the West Africa cigarettes market.
Cigarettes Market Scenario
According to Data Bridge Market Research, the market for cigarettes in Nigeria has the highest market share, followed by Ghana and Niger. The market leader is Altria Group, Inc., which accounts for an estimated market share of approximately 18%-20% in the West Africa cigarettes market. The company has gained outstanding sales through innovative cigarettes products for several end users. Other leading companies in the West Africa cigarettes market are British Tobacco Company, Imperial Brands, Philip Morris Products S.A., J.T. International S.A., among others.
- In 2018 May, Altria Group, Inc. announced a new business structure to maximize its core tobacco businesses by establishing two divisions – core tobacco and innovative tobacco products. With this development company has enhanced its product portfolio
- In 2020 November, British American Tobacco announced the acquisition of Dryft Modern Oral business to strengthen its U.S. New Category portfolio in the e-cigarette category. With this development, the company increased its market share
Trends Impacting the Market
Now the question is which other regions Altria Group, Inc., British American Tobacco, Imperial Brands, Philip Morris Products S.A., J.T. International S.A. are targeting? Data Bridge Market Research has forecasted a large growth in the Nigerian cigarettes market, and the market leaders are targeting Ghana and Gambia to be their next revenue pockets for 2020.
The cigarettes market is becoming more competitive every year with companies such as Altria Group, Inc., British American Tobacco, Imperial Brands, Philip Morris Products S.A., and J.T. International S.A. as they are the market leaders for cigarettes. The Data Bridge Market Research new reports highlight the major growth factors and opportunities in the cigarettes market.
For more analysis on the cigarettes market, request for a briefing with our analysts https://www.databridgemarketresearch.com/speak-to-analyst/?dbmr=west-africa-cigarettes-market
Cigarettes Market Development
- In 2021 January, British American Tobacco launched its first CBD vaping product, VUSE CBD Zone, in the e-cigarette category. With this development company is expecting to enhance its product portfolio.
Scope of the Cigarettes Market
West Africa cigarettes market is segmented on the basis of countries into Nigeria, Ghana, Niger, Cote D’Ivoire, Mali, Burkina, Senegal, Mauritania, Guinea Conakry, Benin, Togo, Sierra Leone, Liberia, Gambia and Bissau, and many others.
- All country-based analysis of the cigarettes market is further analyzed based on further segmentation. On the basis of type, the West Africa cigarettes market is segmented into regular cigarettes, clove cigarettes, hand-rolled cigarettes, e-cigarettes, flavored cigarettes, menthol cigarettes, high low tar cigarettes, natural/herbal cigarettes, and others. On the basis of format, the West Africa cigarettes market is segmented into regular, super slim, slim, king-size, and others. On the basis of pack type, the West Africa cigarettes market is segmented into boxes, metal cases, and others. On the basis of price, the West Africa cigarettes market is segmented into economy and premium. On the basis of age group, the West Africa cigarettes market is segmented into 18-30 age group, 31-44 age group, 45-60 age group, 61 and above age group. On the basis of distribution channel, the West Africa cigarettes market is segmented into tobacconist stores, newsstands, retail stores, convenience stores, drug stores, specialty e-cigarette stores, and others. On the basis of end-user, the West Africa cigarettes market is segmented into men and women)
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Key Pointers Covered in Cigarettes Market Industry Trends and Forecast to 2028
- Market size
- Market standards and changes
- Market trials in different regions
- Market requirements in different regions
- Market shares in different regions
- Recent developments for market competitors
- Recent market value for different regions
- Sales data for market competitors
- Key vendors and disruptors study
- Supply chain competiveness
Key Market Competitors Covered in the Report
- PANAFRICAN TOBACCO GROUP HOLDING Ltd.
- Altria Group, Inc.
- British American Tobacco
- Philip Morris Products S.A.
- Imperial Brands
- J.T. International S.A.
- Eastern Company SAE
- Folha Manufactures
- GULF TOBACCO
- Khyber Tobacco Company
Above are the key players covered in the report. To know about more and exhaustive list of cigarettes companies, contact us https://www.databridgemarketresearch.com/toc/?dbmr=west-africa-cigarettes-market
Research Methodology: West Africa Cigarettes Market
Data collection and base year analysis are done using data collection modules with large sample sizes. The market data is analyzed and forecasted using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or can drop down your inquiry.
The key research methodology used by the DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include vendor positioning grid, market timeline analysis, market overview and guide, company positioning grid, company market share analysis, standards of measurement, top to bottom analysis, and vendor share analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
Primary Respondents
- Demand Side: Manufactures
- Supply Side: Product Managers, Marketing Managers, C-Level Executives, Distributors, Market Intelligence, and Regulatory Affairs Managers, among others.
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