(MENAFNEditorial)
Pipe smoking has a long history in the US with the habit being more common among the elderly. The practice was more popular during the early-to-mid 20th century before cigarette smoking became widespread and volume sales of pipe tobacco continued to suffer from an old-fashioned image during the early part of the review period. RYO tobacco has also enjoyed a longstanding presence in the US. Like other smoking tobacco products however RYO tobacco has slowly slipped out of the mainstream as filtered machine-manufactured cigarettes have become the standard form of tobacco product. Although smoking tobacco has traditionally been viewed as an inexpensive alternative to cigarettes more recently RYO tobacco companies have begun marketing stronger higher-quality blends to appeal to a more discerning audience.
Competitive Landscape
Scandinavian Tobacco Group subsidiary Lane Ltd was the leading player in smoking tobacco in 2013 with a volume share of 8%. Its leading position in the fragmented category is due in part to the fact that it is the only player with a significant presence in both RYO tobacco and pipe tobacco holding a volume share of 25% in RYO tobacco and 5% in pipe tobacco during 2013. Lane's Bugler RYO tobacco brand was the largest single RYO tobacco brand available in the US in 2013 with a volume share of 12% while its Captain Black brand held the leading volume share within pipe tobacco with a 2% volume share. Scandinavian Tobacco Group (STG) acquired the Lane brand from Reynolds in March 2011 with all smoking tobacco brands transferring ownership. Lane's volume share in smoking tobacco declined steadily over the course of the review period due to the high growth recorded by private label unbranded and locally branded pipe tobacco.
Full Report Details at
- http://www.fastmr.com/prod/878813_smoking_tobacco_in_the_us.aspx?afid=101
Industry Prospects
Volume sales of smoking tobacco are expected to decline at a CAGR of -6% over the forecast period falling to 12266 tonnes in 2018. In comparison volume sales of smoking tobacco increased at a CAGR of 7% over the review period. This dramatic turnaround in the category's performance is set to be largely the consequence of prospective legislation aimed at eliminating any tax loopholes currently used by manufacturers of smoking tobacco. Currently smoking tobacco products labelled as 'pipe tobacco' are able to avoid certain taxes and are consequently much cheaper to purchase. This lower price point boosted volume sales of pipe tobacco at a CAGR of 51% over the review period. However legislators at local state and federal level are fully aware of this unintentional tax loop-hole and are currently making moves to close it. Without the tax benefits they currently enjoy the leading manufacturers of pipe tobacco in the US will be unable to maintain such low prices for their products which is likely to drive the category back to where it was before this loophole was discovered in 2009. It should be noted that the much more optimistic forecasts for the category published in the previous edition of this report were made under the assumption that this tax issue would not be addressed.
Report Overview
Discover the latest market trends and uncover sources of future market growth for the Smoking Tobacco industry in USA with research from Euromonitor's team of in-country analysts.
Find hidden opportunities in the most current research data available understand competitive threats with our detailed market analysis and plan your corporate strategy with our expert qualitative analysis and growth projections.
If you're in the Smoking Tobacco industry in USA our research will save you time and money while empowering you to make informed profitable decisions.
The Smoking Tobacco in USA market research report includes:
* Analysis of key supply-side and demand trends
* Detailed segmentation of international and local products
* Historic volumes and values company and brand market shares
* Five year forecasts of market trends and market growth
* Production imports by origin exports by destination
* Robust and transparent market research methodology conducted in-country
Our market research reports answer questions such as:
* What is the market size of Smoking Tobacco in USA?
* What are the major brands in USA?
* How was toys and games affected by the global recession?
* Which product categories performed best in the last year?
* What are the new any safety regulations affecting the industry?
Reasons to Get this Report
* Gain competitive intelligence about market leaders
* Track key industry trends opportunities and threats
* Inform your marketing brand strategy and market development sales and supply functions
Product coverage: Pipe Tobacco RYO Tobacco.
Data coverage: market sizes (historic and forecasts) company shares brand shares and distribution data.
About Fast Market Research
Fast Market Research is a leading distributor of market research and business information. Representing the world's top research publishers and analysts we provide quick and easy access to the best competitive intelligence available. Our unbiased expert staff is always available to help you find the right research to fit your requirements and your budget.
For more information about these or related research reports please visit our website at http://www.fastmr.com or call us at 1.800.844.8156.
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.