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Clove Cigarettes Market Size, Share, Industry Trends, Forecast 2028 | Philip Morris International, Gudang Garam, Nojorono Tobacco Indonesia, Japan Tobacco

December 17th, 2021 1:09 PM

The Global Clove Cigarettes Market size was valued at USD 107.35 billion in 2020 and is expected to reach USD 135 Billion at a CAGR of 4.5% from 2020 to 2027. The growth is attributed to increasing product launches driven by the growing demand for machine-made clove cigarettes. The majority demand is generated by Indonesia, wherein the cigarette market is led by clove-based products, also known as kreteks.

The mildness of clove cigarettes is resulting in their high popularity among occasional smokers, the younger generation, and the beginners. Consumers trying to quit smoking opt for these products owing to the less harshness, blend of different flavors, and presence of low tar nicotine. Gauging the consumer preference for lighter cigarettes, companies are focusing on product launches.

Machine rolled clove cigarettes held the largest market share of more than 80% in 2020, primarily driven by the increasing consumption of full-flavored type. The machine rolled full-flavored segment accounted for more than 45% market share in 2020. Clove cigarettes contain the lowest level of tar and nicotine content as compared to full-flavored ones, which is driving the product demand. The low tar nicotine segment is expected to register a CAGR of 4.9% over the forecast period.

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The female segment is expected to register a CAGR of 3.4% over the forecast period. The growth can be attributed to the rising popularity of smoking among women in regions such as North America, Europe, and Central and South America. Russian females accounted for more than 57.0% of the market share in 2020. Most women smokers prefer clove cigarettes due to the presence of a mixture of different flavors that adds a mildness to the product.

The Cloves cigarette market is segmented on the basis of type, end-user and region. On the basis of type the market is segmented into Hand Rolled Clove Cigarette, Machine Rolled Full Flavored Clove Cigarette, and Machine Rolled Low Tar Nicotine. On the basis of end-user the market is segmented into Male, Female.

Asia Pacific held the largest market share of more than 60% in 2020 and is estimated to register the fastest CAGR of 4.7% over the forecast period. The growth is majorly supported by the prominent production and demand in Indonesia, which accounted for about 92% in 2020. Another factor supporting the growth in Indonesia is easy to access to the product, because of the wide distribution network and relatively low prices. Malaysia and Singapore are other prominent countries contributing to regional growth. The rise in disposable income of consumers and their willingness to try out unique and premium variants has been driving the regional product demand. Besides, the high demand for herbal flavored cigarettes is anticipated to further drive the regional market.

Competitive Landscape with Key players:

Philip Morris International Inc, Gudang Garam, Nojorono Tobacco Indonesia, Japan Tobacco, British American Tobacco, Wismilak Group, Djarum, Sampoerna, Marlboro, Dunhill

Clove Cigarettes Market Taxonomy

By Product Type: Hand Rolled Clove Cigarette, Machine Rolled Full Flavored Clove Cigarette, Machine Rolled Low Tar Nicotine.

By End-User: Male, Female

 

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For a global outreach, the Clove Cigarettes study also classifies the market into a global distribution where key market demographics are established based on the majority of the market share. The following markets that are often considered for establishing a global outreach are North America, Europe, Asia, and the Rest of the World. Depending on the study, the following markets are often interchanged, added, or excluded as certain markets only adhere to certain products and needs.

Here is a short glance at what the study actually encompasses:

Study includes strategic developments, latest product launches, regional growth markers and mergers & acquisitions

Revenue, cost price, capacity & utilizations, import/export rates and market share

Forecast predictions are generated from analytical data sources and calculated through a series of in-house processes.

However, based on requirements, this report could be customized for specific regions and countries.

TABLE OF CONTENTS

Chapter 1. Executive Summary

Chapter 2. Research Methodology

Chapter 3. Market Outlook

Chapter 4. COVID-19 Impact On Clove Cigarettes Market

Chapter 5. Global Clove Cigarettes Market Overview, By Application, 2015 – 2027(USD Million)

Chapter 6. Global Clove Cigarettes Market Overview, By Distribution Channel, 2015 – 2027(USD Million)

Chapter 7. Global Clove Cigarettes Market Overview, By Geography, 2015 – 2027(USD Million)

Chapter 8. North America Clove Cigarettes Market Overview, By Countries, 2015 – 2027(USD Million)

Chapter 9. Europe Clove Cigarettes Market Overview, By Countries, 2015 – 2027(USD Million)

Chapter 10. Asia Pacific Clove Cigarettes Market Overview, By Countries, 2015 – 2027 (USD Million)

Chapter 11. Middle East & Africa Clove Cigarettes Market Overview, By Countries, 2015 – 2027 (USD Million)

Chapter 12. South America Clove Cigarettes Market Overview, By Countries, 2015 – 2027 (USD Million)

Chapter 13. Competitive Landscape

Chapter 14. Key Vendor Analysis

Chapter 15. Clove Cigarettes Market Cost Analysis

Chapter 16. Sourcing Strategy and Downstream Buyers

Chapter 17. Marketing Strategy Analysis, Distributors/Traders

Chapter 18. Market Effect Factors Analysis

Chapter 19. Future Outlook of the Market

Reasons to Buy the Report:

  • Learn about the driving factors, affecting the market growth.
  • Imbibe the advancements and progress in the market during the forecast period.
  • Understand where the market opportunities lies.
  • Compare and evaluate various options affecting the market.
  • Pick up on the leading market players within the market.
  • Envision the restrictions and restrains that are likely to hamper the market.

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