GCC Cigarette Market

GCC Cigarette Market Overview:

The GCC cigarette 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. A cigarette is a narrow, cylindrical product made from finely cut, cured tobacco leaves wrapped in thin paper. It contains nicotine, a psychoactive and stress-relieving compound that promotes the release of dopamine in the body, providing an immediate sense of pleasure and relaxation while inhaling smoke. Most of the cigarettes come with a reconstituted product of tobacco, known as a sheet, which contains recycled stems of tobacco, stalks, scraps, collected dust, and floor sweepings. The sheet is further added with glue, chemicals, and fillers, after which nicotine is sprayed on the end product. Cigarettes are widely available in various shapes, sizes, colors, and intensities.

The increasing product demand due to hectic and stressful lifestyles is one of the key factors driving the market growth in GCC. Cigarettes are widely consumed to relieve stress and anxiety and uplift mood among users on account of their busy schedules and long working hours. In addition, the rising influence of social media, television (TV) channels, and magazines portraying cigarette smoking as a style statement is acting as another growth-inducing factor. Furthermore, escalating number of foreign expatriates and tourists arriving in the region on account of jobs and travel that indulge in smoking habits is providing a considerable boost to the market growth. Apart from this, the introduction of e-cigarettes, also known as vapes, and electronic nicotine delivery systems (ENDS) that resemble regular cigarettes and provide a similar tobacco smoking sensation is creating a positive outlook for the market. Additionally, the launch of premium products and new flavors, such as menthol, clove, levulinic acid, spearmint, sugars, acetaldehyde, and lemon mint, to attract millennials is providing an impetus to the market growth. Other factors, including aggressive promotional campaigns by manufacturers, the introduction of innovative packaging solutions, and extensive research and development (R&D) activities to develop low-tar cigarettes, are anticipated to drive the market growth.

Beginning with a regional overview, the report explores the dynamics that have a strong influence on the GCC cigarette 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 cigarette market in Saudi Arabia, United Arab Emirates, Qatar, Kuwait, Oman and Bahrain. For each of these regions, the report studies the GCC cigarette market in detail for latest trends, outlook and opportunities.

The report analyses the competitive structure of the GCC cigarette 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 cigarette market industry along the parameters of the Porter’s Five Forces model. This model examines the degree of competition in the GCC cigarette 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 cigarette market industry. Furthermore, the value chain analysis of the GCC cigarette 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 Cigarette Market Segment Insights:

The GCC cigarette market has been analysed as followed:

By Type:

• Light
• Medium
• Others

By Distribution Channel:

• Tobacco Shops
• Supermarket and Hypermarkets
• Convenience Stores
• Online Stores
• Others

By Country:

• Saudi Arabia
• United Arab Emirates
• Qatar
• Kuwait
• Oman
• Bahrain

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.

Competative Landscape: 

The competitive landscape of the industry has also been examined along with the profiles of the key players.

Highlights of the GCC Cigarette Market Report:

• Historical and current scenario
• Trends and developments
• Impact of COVID-19
• Market forecast
• Price analysis and forecast
• Porter’s five forces analysis
• SWOT analysis
• Value chain analysis

Report Customisation:

The GCC cigarette market report can be customised as per your requirements. You can get in touch with our analyst, who will make sure that the report suits your research needs