Elevated tax imposition on FM cigarettes and other tobacco products across the globe is providing impetus to the global roll-your-own tobacco market.
Market Size – USD 7.51 Billion in 2020, Market Growth – CAGR of 4.60%, Market Trends- cost-effectiveness of the RYO tobacco
The global Roll-Your-Own Tobacco Product Market size was valued at USD 7.51 Billion in 2020 and is forecast to exceed USD 10.46 Billion in terms of revenue, at a CAGR of 4.60% through 2028. The market growth is driven by the cost-effectiveness of RYO tobacco products, and perceived lower health risks associated with the product as compared to the commercially produced tobacco products.
Loose tobacco or handmade cigarettes or are subject to fewer regulations and are levied with lesser taxes which has led to increased popularity of RYO tobacco products among lower financially weak consumers and low income groups. The prevalent notion that roll-your-own tobacco is less harmful than factory manufactured cigarettes and other products is offering lucrative growth opportunities for the industry. In addition, progressive tax increases on retail cigarette prices in the developed countries across the globe will supplement RYO tobacco product market share through 2028. However, more and more studies are suggesting that roll-your-own tobacco products are as harmful for you as ordinary cigarettes, which may act as a negative impact rendering factor for the RYO tobacco product market growth.
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Key findings in the Report:
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For the purpose of this study, Reports and Data, has segmented the global roll-your-own tobacco product market on the basis of product, distribution channel, and region:
Products Outlook (Revenue, USD Million, 2018- 2028)
Distribution Channel Outlook (Revenue, USD Million, 2018 – 2028)
Regional Outlook (Revenue, USD Million, 2018 – 2028)
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