LONDON, June 23 (Bernama-BUSINESS WIRE) -- Global market research company Euromonitor International released today new tobacco data. According to the new research, the cigarettes market will record a US$7.7 billion loss by 2021, compensated by the US$13.2 billion growth in heated tobacco products sales in the same period.
Euromonitor International's new data show that in 2016, for the first time in decades, the value of the global cigarettes category as a proportion of total tobacco sales fell below 90 percent and by 2021 it will reach 86 percent. While cigarettes sales decline, the new research highlights growth in the use of vapour products but also further changes within this segment.
Euromonitor International's new data show that in 2016, for the first time in decades, the value of the global cigarettes category as a proportion of total tobacco sales fell below 90 percent and by 2021 it will reach 86 percent. While cigarettes sales decline, the new research highlights growth in the use of vapour products but also further changes within this segment.
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