Product Code: ETC051667 | Publication Date: Jul 2023 | Updated Date: Jan 2024 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
The Singapore cigarette market is expected to grow at a CAGR of 2.25% during the forecast period 2020-2026. The growing prevalence of smoking and rising disposable incomes are some of the major factors driving the growth of the market. Furthermore, increasing awareness about health benefits associated with using low tar cigarettes has further fueled demand for cigarettes in Singapore. Moreover, technological advancements such as introduction of electronic cigarettes have also positively impacted growth prospects for this market in recent years.
Some key drivers boosting growth in the Singapore cigarette market include rising adult population and their preference towards premium brands, availability of cheaper substitutes from neighboring countries due to loose regulations, presence of international tobacco companies operating in this region, increase in female smokers over past few years and rise in per capita income leading to higher spending capacity on luxury products such as imported cigarettes among others.
Ongoing implementation by government authorities regarding stringent anti-smoking campaigns coupled with high taxation rates imposed on tobacco products have hampered revenue generation opportunities for players operating across this industry landscape. In addition to that increasing prevalence of health concerns amongst consumers along with rampant availability counterfeit products are other major challenges faced by stakeholders operating within this business space amid COVID-19 pandemic situation globally.
Some prominent players functioning within Singapore Cigarette Market includes British American Tobacco (Singapore), Japan Tobacco International (JTI), Philip Morris International (PMI) Imperial Brands PLC , Japan Tobacco Inc , ITC Limited , Gudang Garam and Supreme Ventures Limited among other renowned manufactures
COVID-19 pandemic has significantly disrupted operations across industries worldwide including cigarette markets due to lockdown measures implemented by governments all over world resulting into drastic fall down sales & revenues generated through retail channels thereby adversely impacting overall performance for respective players operating within wider industry spectrum.This economic crisis has forced majority multinational companies manufacturing luxurious brand???s especially those related Cigarettes production concentrate more focus towards regional vendors offering cheaper alternatives which tend attract large customer base residing amidst lower socioeconomic class segments
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 Singapore Cigarette Market Overview |
3.1 Singapore Country Macro Economic Indicators |
3.2 Singapore Cigarette Market Revenues & Volume, 2020 & 2030F |
3.3 Singapore Cigarette Market - Industry Life Cycle |
3.4 Singapore Cigarette Market - Porter's Five Forces |
3.5 Singapore Cigarette Market Revenues & Volume Share, By Type, 2020 & 2030F |
3.6 Singapore Cigarette Market Revenues & Volume Share, By Distribution Channel, 2020 & 2030F |
4 Singapore Cigarette Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Singapore Cigarette Market Trends |
6 Singapore Cigarette Market, By Types |
6.1 Singapore Cigarette Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Singapore Cigarette Market Revenues & Volume, By Type, 2020-2030F |
6.1.3 Singapore Cigarette Market Revenues & Volume, By Light, 2020-2030F |
6.1.4 Singapore Cigarette Market Revenues & Volume, By Medium, 2020-2030F |
6.1.5 Singapore Cigarette Market Revenues & Volume, By Others, 2020-2030F |
6.2 Singapore Cigarette Market, By Distribution Channel |
6.2.1 Overview and Analysis |
6.2.2 Singapore Cigarette Market Revenues & Volume, By Tobacco Shops, 2020-2030F |
6.2.3 Singapore Cigarette Market Revenues & Volume, By Supermarket and Hypermarkets, 2020-2030F |
6.2.4 Singapore Cigarette Market Revenues & Volume, By Convenience Stores, 2020-2030F |
6.2.5 Singapore Cigarette Market Revenues & Volume, By Online Stores, 2020-2030F |
6.2.6 Singapore Cigarette Market Revenues & Volume, By Others, 2020-2030F |
7 Singapore Cigarette Market Import-Export Trade Statistics |
7.1 Singapore Cigarette Market Export to Major Countries |
7.2 Singapore Cigarette Market Imports from Major Countries |
8 Singapore Cigarette Market Key Performance Indicators |
9 Singapore Cigarette Market - Opportunity Assessment |
9.1 Singapore Cigarette Market Opportunity Assessment, By Type, 2020 & 2030F |
9.2 Singapore Cigarette Market Opportunity Assessment, By Distribution Channel, 2020 & 2030F |
10 Singapore Cigarette Market - Competitive Landscape |
10.1 Singapore Cigarette Market Revenue Share, By Companies, 2023 |
10.2 Singapore Cigarette Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |