Summary
Tobacco & Tobacco Products in India industry profile provides top-line qualitative and quantitative summary information including: market share, market size (value and volume 2019-24, and forecast to 2029). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.
Key Highlights
- The tobacco & tobacco products market includes sales of cigarettes, smoking tobacco, smokeless tobacco, and cigars & cigarillos. The cigarettes segment includes filter cigarettes and plain cigarettes. The smoking tobacco segment covers snuff/snus and chewing tobacco products. The smokeless tobacco segment includes pipe tobacco and fine cut tobacco (FCT). The scope of the cigars & cigarillos segment includes large cigars and small cigars. The market is valued according to retail selling price (RSP) and includes any applicable taxes.
- The Indian tobacco & tobacco products market recorded revenues of $17,678.5 million in 2024, representing a compound annual growth rate (CAGR) of 1.0% between 2019-24.
- Market consumption volumes declined with a negative CAGR of 2.7% between 2019-24, reaching a total of 79,252.4 million pieces in 2024.
- The Indian tobacco & tobacco products market registered sluggish growth during 2019-24, primarily due to high taxation on cigarettes, which includes steep excise duties, GST, and cess, making legal tobacco products relatively expensive and unaffordable for many price-sensitive consumers, leading some to switch to lower-priced bidis or illicit options, which dampened the market growth.
Scope
- Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the tobacco & tobacco products market in India
- Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the tobacco & tobacco products market in India
- Leading company profiles reveal details of key tobacco & tobacco products market players’ global operations and financial performance
- Add weight to presentations and pitches by understanding the future growth prospects of the India tobacco & tobacco products market with five year forecasts by both value and volume
Reasons to Buy
- What was the size of the India tobacco & tobacco products market by value in 2024?
- What will be the size of the India tobacco & tobacco products market in 2029?
- What factors are affecting the strength of competition in the India tobacco & tobacco products market?
- How has the market performed over the last five years?
- Who are the top competitors in India's tobacco & tobacco products market?
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Table of Contents
1 Executive Summary
1.1. Market value
1.2. Market value forecast
1.3. Market volume
1.4. Market volume forecast
1.5. Category segmentation
1.6. Geography segmentation
1.7. Market share
1.8. Market rivalry
1.9. Competitive landscape
2 Market Overview
2.1. Market definition
2.2. Market analysis
3 Market Data
3.1. Market value
3.2. Market volume
4 Market Segmentation
4.1. Category segmentation
4.2. Geography segmentation
4.3. Market distribution
5 Market Outlook
5.1. Market value forecast
5.2. Market volume forecast
6 Five Forces Analysis
6.1. Summary
6.2. Buyer power
6.3. Supplier power
6.4. New entrants
6.5. Threat of substitutes
6.6. Degree of rivalry
7 Competitive Landscape
7.1. Market share
7.2. Who are the leading players in the Indian tobacco & tobacco products market?
7.3. Which companies have been most successful in increasing their market shares during 2019-24?
7.4. Which companies' market shares have suffered during 2019-24?
7.5. What are the most popular brands in the Indian tobacco & tobacco products market?
8 Company Profiles
8.1. ITC Ltd
8.2. Godfrey Phillips India Ltd
8.3. VST Industries Ltd
8.4. Golden Tobacco Limited
9 Macroeconomic Indicators
9.1. Country data
10 Appendix
10.1. Methodology
10.2. Industry associations
10.3. Related MarketLine research
10.4. About MarketLine
List of Tables
Table 1: India tobacco & tobacco products market value: $ million, 2019-24
Table 2: India tobacco & tobacco products market volume: million pieces, 2019-24
Table 3: India tobacco & tobacco products market category segmentation: % share, by value, 2019-24
Table 4: India tobacco & tobacco products market category segmentation: $ million, 2019-24
Table 5: India tobacco & tobacco products market geography segmentation: $ million, 2024
Table 6: India tobacco & tobacco products market distribution: % share, by volume, 2024
Table 7: India tobacco & tobacco products market value forecast: $ million, 2024-29
Table 8: India tobacco & tobacco products market volume forecast: million pieces, 2024-29
Table 9: India tobacco & tobacco products market share: % share, by volume, 2024
Table 10: ITC Ltd: Key Facts
Table 11: ITC Ltd: Annual Financial Ratios
Table 12: ITC Ltd: Key Employees
Table 13: Godfrey Phillips India Ltd: Key Facts
Table 14: Godfrey Phillips India Ltd: Annual Financial Ratios
Table 15: Godfrey Phillips India Ltd: Key Employees
Table 16: VST Industries Ltd: Key Facts
Table 17: VST Industries Ltd: Annual Financial Ratios
Table 18: VST Industries Ltd: Key Employees
Table 19: Golden Tobacco Limited: Key Facts
Table 20: Golden Tobacco Limited: Annual Financial Ratios
Table 21: India Size of Population (Million), 2020-24
Table 22: India Real GDP (Constant 2010 Prices, $ Billion), 2020-24
Table 23: India GDP (Current Prices, $ Billion), 2020-24
Table 24: India Inflation, 2020-24
Table 25: India Consumer Price Index (Absolute), 2020-24
Table 26: India Exchange Rate, 2019-24
List of Figures
Figure 1: India tobacco & tobacco products market value: $ million, 2019-24
Figure 2: India tobacco & tobacco products market volume: million pieces, 2019-24
Figure 3: India tobacco & tobacco products market category segmentation: $ million, 2019-24
Figure 4: India tobacco & tobacco products market geography segmentation: % share, by value, 2024
Figure 5: India tobacco & tobacco products market distribution: % share, by volume, 2024
Figure 6: India tobacco & tobacco products market value forecast: $ million, 2024-29
Figure 7: India tobacco & tobacco products market volume forecast: million pieces, 2024-29
Figure 8: Forces driving competition in the tobacco & tobacco products market in India, 2024
Figure 9: Drivers of buyer power in the tobacco & tobacco products market in India, 2024
Figure 10: Drivers of supplier power in the tobacco & tobacco products market in India, 2024
Figure 11: Factors influencing the likelihood of new entrants in the tobacco & tobacco products market in India, 2024
Figure 12: Factors influencing the threat of substitutes in the tobacco & tobacco products market in India, 2024
Figure 13: Drivers of degree of rivalry in the tobacco & tobacco products market in India, 2024
Figure 14: India tobacco & tobacco products market share: % share, by volume, 2024
