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Tobacco Market Size Worth $1,073.79 Billion By 2028 | CAGR: 1.8%: Grand View Research, Inc.


Tobacco Market Size Worth $1,073.79 Billion By 2028 | CAGR: 1.8%: Grand View Research, Inc.
tobacco market
size is expected
to reach USD 1,073.79 billion by 2028, according to a new report by Grand View Research, Inc. It is expected
to expand at a CAGR of 1.8% from 2021 to 2028. The shifting preference among youngsters and the working-class population toward tobacco products, including cigars and next-generation products, is crucial for the market growth. Moreover, growing student spending on tobacco products across the globe is expected to offer new avenues for the growth of the market over the forecast period.
Key suggestions from the report:
By product, the cigarettes segment held the largest share of more than 75.0% in 2020. Easy access to cigarettes at economical prices among the consumers through retail shops is expected to drive this product segment in the near future ....

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