16 Most Valuable Cigarette Brands in the World

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In this article, we will discuss the 16 Most Valuable Cigarette Brands in the World. To skip our industry overview and see the top 5 most valuable cigarette brands in the world, click 5 Most Valuable Cigarette Brands in the World.

The global cigarette industry is a multi-billion dollar market that produces and sells tobacco products, mainly cigarettes. With over 1.1 billion smokers in the world and 200 million more who use other tobacco products, cigarette consumption retains its global presence. The world’s largest transnational tobacco companies are known as the Big 4, which include Philip Morris International Inc. (NYSE:PM), British American Tobacco p.l.c. (NYSE:BTI), Japan Tobacco Inc. (TYO:2914), and Imperial Brands PLC (LON:IMB). The China National Tobacco Corporation is the world’s largest producer of cigarettes, but it is a state-owned entity that mostly serves its own domestic market. Together, these companies sell trillions of cigarettes around the world every year.

Even though tobacco use is declining in many parts of the world, tobacco companies still sold approximately 5.2 trillion cigarettes in 2020. Additionally, the rising popularity of partying and pub culture among millennials and working-class people has especially fueled the demand for flavored and unflavored cigarettes around the world in recent years.

Furthermore, emerging economies such as India and Thailand are seeing a significant increase in cigarette demand as a result of rising youth populations in these countries. Overall, the highest smoking rates are found in Southeast Asia and the Balkan region of Europe. Western European countries and the Americas tend to have lower smoking rates, However, this is not always guaranteed, as Chile turns out to have one of the highest smoking rates in the world. In 2019, there were an estimated 155 million smokers aged between 15 and 24 years – equivalent to 20.1% of young men and 5.0% of young women, globally.

According to a report by GrandViewResearch, the global tobacco market size was valued at $849.9 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 2.4% from 2022 to 2030. The demand has been sustained by the growing number of smokers in the developing regions of Asia and Africa alongside extensive marketing campaigns run by major companies. According to data provided by the Centre for Disease Control and Prevention (CDC), in 2019, an estimated $8.9 billion was spent by large companies on marketing smokeless tobacco and cigarettes in the U.S. This amount breaks down to about $22.5 million per day or almost $1 million per hour.