You are currently viewing Latin America Tobacco Market to Bolster and Double its Size During 2023-2028 with the Rising Consumption by Younger Population

Latin America Tobacco Market to Bolster and Double its Size During 2023-2028 with the Rising Consumption by Younger Population

El informe del estudio de mercado de Informes de Expertos titulado, ‘Mercado Latinoamericano del Tabaco, Informe y Pronóstico 2023-2028′, ofrece una visión estructurada del mercado, examinando sus diversos segmentos y variables clave como el tipo y las regiones. La investigación recoge un sólido pronóstico de la presencia de factores clave de éxito y limitaciones, sigue a los proveedores bien establecidos y las últimas tendencias de la industria que impactan en el objetivo de crecimiento del mercado global. También evalúa la dinámica del mercado y la relación entre la demanda de los consumidores y el precio del producto, junto con la auditoría de los modelos FODA y de las cinco fuerzas de Porter.

The market study report by Informes de Expertos titled, ‘Latin America Tobacco Market 2023-2028’ , gives structured insights into the market, examining its diverse segments and key variables such as type and key regions. The research gathers robust forecasting of the presence of key success factors and constraints, tracks well-established vendors, and the latest trends in the industry that impact the growth goal of the overall market. It also assesses the market dynamics, and the relationship between consumer demand and product price, coupled with the audit of SWOT and Porter’s Five Forces models.

Get a Free Sample Report with Table of Contents – https://www.informesdeexpertos.com/informes/mercado-latinoamericano-del-tabaco/solicitar-una-muestra

Los aspectos más destacados del informe incluyen:

Visión general del mercado (2018-2028)

• CAGR para el período de pronóstico (2023-2028): 5,60%

América Latina tiene una población relativamente joven, lo que significa que en la región hay más personas propensas a empezar a consumir productos del tabaco. Sin embargo, cabe señalar que en los últimos años muchos países latinoamericanos han aplicado políticas de control del tabaco más estrictas, como impuestos más altos sobre los productos del tabaco, leyes antitabaco y restricciones a la publicidad y la promoción. Estas medidas pretenden reducir el consumo de tabaco y los riesgos para la salud que conlleva.

Pero a pesar de todo ello, algunos países latinoamericanos han tenido históricamente normativas menos estrictas sobre la venta y comercialización del tabaco que otras partes del mundo, lo que puede facilitar a las empresas tabacaleras la venta de sus productos y su promoción a nuevos clientes. Todas estas razones, junto con las tendencias de consumo de cigarrillos y narguile por parte de la población más joven, hacen prever una elevada generación de ingresos en la región latinoamericana a largo plazo.

Read Full Report with Table of Contents – https://www.informesdeexpertos.com/informes/mercado-latinoamericano-del-tabaco

Industry Definition and Major Segments

Tobacco refers to the dried leaves of the tobacco plant, Nicotiana tabacum, that are commonly used for smoking, chewing, or snuffing. Tobacco contains the psychoactive compound nicotine, which is highly addictive and can have negative health effects on the body. Tobacco use is a leading cause of preventable death worldwide, contributing to diseases such as lung cancer, heart disease, and respiratory illnesses.

According to tobacco, the market is segmented into:

• Cigarettes
• Roll Your Own
• Cigars
• Cigarillos
• Smokeless Tobacco
• Others

Key regions covered include:

• Brazil
• Argentina
• Mexico
• Others

Market Trends

The tobacco market in Latin America was valued at USD 6.35 billion in 2021 and is expected to grow during 2023-2028 due to economic development and the rising disposable income of consumers. Further, tobacco has been an important part of many Latin American cultures for centuries, with traditional forms of tobacco use such as smoking cigars or pipes being seen as a symbol of status and social prestige. And, as the economies of Latin American countries continue to develop, more people have disposable income to spend on tobacco products.

All these factors coupled with government taxes on tobacco-containing products are changing the market outlook of the target industry. The main markets covered in the report include Brazil, Argentina, and Mexico among which Brazil represents the world’s second-largest producer of tobacco and is also a leading exporter. Along with these strong growth dynamics, the foremost key players in the tobacco industry such as JTI (Japan Tobacco International) and The Premium Tobacco Group are expanding their market share strategically to provide a boost in the size of the target industry in the long run.

Key Market Players

The major players in the market are:

• JTI (Japan Tobacco International)
• The Premium Tobacco Group
• Associated Tobacco Company Ltd.
• Cifal Distribuidora
• Marasca
• Others

This report covers their profiles and provides information on expansions, investments and mergers and acquisitions, among other latest industry developments.

About Us

Informes de Expertos, the Spanish variant of Expert Market Research, is a platform that offers market research and consultancy services to a broad clientele base across Spanish speaking countries. With our primary focus on the Latin America and Spain markets, our research experts provide relevant and actionable insights into the markets and track major trends, economic developments, and global trade data.

Determined to bring client satisfaction, we make sure that our tailored approach meets the client’s unique market intelligence requirements. Our syndicated and customized research reports cover a wide spectrum of industries ranging from pharmaceuticals and food and beverage to packaging, logistics, and transportation.

Media Contact

Company Name: Informes De Expertos
Contact Person: Irene Garcia, Corporate Sales Specialist – U.S.A.
Email: sales@informesdeexpertos.com
Toll Free Number: +1 (818) 319-4060
Address: 30 North Gould Street, Sheridan, WY 82801, USA
Website: https://www.informesdeexpertos.com/

Expert Market Research

Expert Market Research is a leading business intelligence firm, providing custom and syndicated market reports along with consultancy services for our clients. We serve a wide client base ranging from Fortune 1000 companies to small and medium enterprises. Our reports cover over 100 industries across established and emerging markets researched by our skilled analysts who track the latest economic, demographic, trade and market data globally. At Expert Market Research, we tailor our approach according to our clients’ needs and preferences, providing them with valuable, actionable and up-to-date insights into the market, thus, helping them realize their optimum growth potential. We offer market intelligence across a range of industry verticals which include Pharmaceuticals, Food and Beverage, Technology, Retail, Chemical and Materials, Energy and Mining, Packaging and Agriculture.