Covid-19 impact on U.S. Tobacco Market Size to surge at 1.9% CAGR is expected to reach $119.3 Billion in 2025

The U.S. tobacco market is expected to reach USD 119.3 billion by 2025, according to a study conducted by Grand View Research, Inc. Increasing consumer disposable income and the availability of superior products such as customized e-cigarettes and pipes have bolstered the market growth.

Increasing consumption of tobacco by the youth and female population is boosting the market growth. For instance, as per the SMEs, 14.3 billion women were smokers in the U.S. in 2012.

Increasing health consciousness and government initiatives to control tobacco-related diseases might hamper market growth. For instance, in 2016, the Department of Health planned to introduce a bill to ban the sale of cigarettes from vending machines.

Stringent government regulations pertaining to tobacco production, and distribution may slow down market growth. Additionally, high prices of tobacco products might hamper the market. Therefore, tobacco-producing companies are focusing on developing affordable solutions.

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www.grandviewresearch.com/industry-analysis/us-tobacco-market

Further key findings from the study suggest:

• Smokeless tobacco is available in various variants such as tobacco chews, and others; therefore, the segment is expected to emerge as the fastest-growing segment over the forecast period.
• The prominent industry participants include Altria Group Inc., Reynolds American Inc., Philip Morris International, Imperial Brands, and Japan Tobacco Inc.

Grand View Research has segmented the U.S. tobacco market based on product type:

Product Type Outlook (Revenue, USD Billion; 2014–2025)

• Cigarettes
• Smoking Tobacco
• Smokeless Tobacco
• Cigars & Cigarillos