Tobacco Market - Forecast(2023 - 2028)
Tobacco Market Size reached $291.4 billion in 2021 and is poised to grow at a C AGR of 4.5% over the forecast period of 2022-2027. Tobacco is a natural plant native to America that was formerly one of the most important crops for American farmers. It is one of the world's most extensively used addictive substances. Tobacco is any of the Nicotiana species (particularly Nicotiana tabacum), which are native to tropical America and are widely farmed for their dried and processed leaves, and are used in pipes, cigarettes, and cigars. It is also used in chewing tobacco, snuff or dipping tobacco, and other less common formulations. Tobacco has a substantially higher nicotine content than other tobacco products. Unlike many other Solanaceae species, it lacks tropane alkaloids, often harmful to humans and other animals. Cigarettes, pipe tobacco, chewing tobacco, and snuff are all examples of tobacco products. Nicotine is also contained in non-tobacco goods, including gum, pa...