| Product Code: ETC10633422 | Publication Date: Apr 2025 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Bhawna Singh | No. of Pages: 65 | No. of Figures: 34 | No. of Tables: 19 |
The India menthol cigarette import market saw significant growth with a high Herfindahl-Hirschman Index (HHI) indicating strong market concentration in 2024. Top exporting countries such as Singapore, UAE, Netherlands, China, and South Korea played a key role in meeting this demand. Despite a high compound annual growth rate (CAGR) of 28.18% from 2020 to 2024, there was a notable decline in growth rate from 2023 to 2024 at -79.9%. This suggests a potential shift or temporary slowdown in the market dynamics that should be closely monitored by industry players.

1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 India Menthol Cigarette Market Overview |
3.1 India Country Macro Economic Indicators |
3.2 India Menthol Cigarette Market Revenues & Volume, 2021 & 2031F |
3.3 India Menthol Cigarette Market - Industry Life Cycle |
3.4 India Menthol Cigarette Market - Porter's Five Forces |
3.5 India Menthol Cigarette Market Revenues & Volume Share, By Full Flavor, 2021 & 2031F |
3.6 India Menthol Cigarette Market Revenues & Volume Share, By Online, 2021 & 2031F |
3.7 India Menthol Cigarette Market Revenues & Volume Share, By Individual Consumers, 2021 & 2031F |
4 India Menthol Cigarette Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing consumer preference for menthol flavor in cigarettes |
4.2.2 Growing disposable income leading to higher spending on premium menthol cigarettes |
4.2.3 Rising awareness about menthol cigarettes as a perceived safer alternative to regular cigarettes |
4.3 Market Restraints |
4.3.1 Stringent government regulations on tobacco products |
4.3.2 Health concerns and increasing awareness about the harmful effects of smoking |
4.3.3 Competition from other flavored cigarettes in the market |
5 India Menthol Cigarette Market Trends |
6 India Menthol Cigarette Market, By Types |
6.1 India Menthol Cigarette Market, By Full Flavor |
6.1.1 Overview and Analysis |
6.1.2 India Menthol Cigarette Market Revenues & Volume, By Full Flavor, 2021 - 2031F |
6.1.3 India Menthol Cigarette Market Revenues & Volume, By Light, 2021 - 2031F |
6.1.4 India Menthol Cigarette Market Revenues & Volume, By Super Slims, 2021 - 2031F |
6.1.5 India Menthol Cigarette Market Revenues & Volume, By Crushball, 2021 - 2031F |
6.2 India Menthol Cigarette Market, By Online |
6.2.1 Overview and Analysis |
6.2.2 India Menthol Cigarette Market Revenues & Volume, By Offline, 2021 - 2031F |
6.2.3 India Menthol Cigarette Market Revenues & Volume, By Convenience Stores, 2021 - 2031F |
6.2.4 India Menthol Cigarette Market Revenues & Volume, By Supermarkets, 2021 - 2031F |
6.3 India Menthol Cigarette Market, By Individual Consumers |
6.3.1 Overview and Analysis |
6.3.2 India Menthol Cigarette Market Revenues & Volume, By Retailers, 2021 - 2031F |
6.3.3 India Menthol Cigarette Market Revenues & Volume, By Wholesalers, 2021 - 2031F |
6.3.4 India Menthol Cigarette Market Revenues & Volume, By Others, 2021 - 2031F |
7 India Menthol Cigarette Market Import-Export Trade Statistics |
7.1 India Menthol Cigarette Market Export to Major Countries |
7.2 India Menthol Cigarette Market Imports from Major Countries |
8 India Menthol Cigarette Market Key Performance Indicators |
8.1 Percentage of consumers preferring menthol cigarettes over regular cigarettes |
8.2 Average selling price of menthol cigarettes in the market |
8.3 Number of new product launches and innovations in the menthol cigarette segment |
8.4 Consumer perception and awareness of menthol cigarettes as a "safer" alternative |
8.5 Market penetration rate of menthol cigarettes in different regions of India |
9 India Menthol Cigarette Market - Opportunity Assessment |
9.1 India Menthol Cigarette Market Opportunity Assessment, By Full Flavor, 2021 & 2031F |
9.2 India Menthol Cigarette Market Opportunity Assessment, By Online, 2021 & 2031F |
9.3 India Menthol Cigarette Market Opportunity Assessment, By Individual Consumers, 2021 & 2031F |
10 India Menthol Cigarette Market - Competitive Landscape |
10.1 India Menthol Cigarette Market Revenue Share, By Companies, 2024 |
10.2 India Menthol Cigarette Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |
Export potential enables firms to identify high-growth global markets with greater confidence by combining advanced trade intelligence with a structured quantitative methodology. The framework analyzes emerging demand trends and country-level import patterns while integrating macroeconomic and trade datasets such as GDP and population forecasts, bilateral import–export flows, tariff structures, elasticity differentials between developed and developing economies, geographic distance, and import demand projections. Using weighted trade values from 2020–2024 as the base period to project country-to-country export potential for 2030, these inputs are operationalized through calculated drivers such as gravity model parameters, tariff impact factors, and projected GDP per-capita growth. Through an analysis of hidden potentials, demand hotspots, and market conditions that are most favorable to success, this method enables firms to focus on target countries, maximize returns, and global expansion with data, backed by accuracy.
By factoring in the projected importer demand gap that is currently unmet and could be potential opportunity, it identifies the potential for the Exporter (Country) among 190 countries, against the general trade analysis, which identifies the biggest importer or exporter.
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