Authored By: Sarah
07 Dec 2023

Smoke Signals: Saudi Arabia's Tobacco Market Rides the E-commerce Wave 2023-2027  

In Saudi Arabia, the main trend influencing Tobacco Market growth is the expansion of e-commerce. The market participants stand to gain more financial stability as e-commerce companies expand throughout Saudi Arabia. Online and e-commerce platforms facilitate both business-to-business (B2B) and business-to-consumer (B2C) transactions.

As per the forecast, between 2022 and 2027, the Saudi Arabian tobacco market is expected to increase at a projected growth rate of 3.4%, followed by USD 1.67 Bn.

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Overview of Saudi Arabia - Tobacco Market

Here are some of the top businesses and their offerings.

  • Altria Group Inc offers tobacco products such as Heated tobacco products which include bonds by Iqos, Iqos iluma, Iqos iluma prime, Iqos originals, and many more, under the subsidiary of Philip Morris International Inc.
  • British American Tobacco Plc offers tobacco products under the brand names of Vuse, Velo, Pall Mall, Lucky Strike, and many more.
  • Imperial Brands Plc offers tobacco products under the brand names of Winston, Lambert Butler, Nobel, and many more.

This business model will also enable market participants to lower their overhead and operational expenses. Globally, there is a notable increase in the quantity of online retail stores that sell cigars, cigarillos, fine-cut tobacco goods, and smokeless tobacco products.

Explore deeper into the intricate market forces and essential factors emphasized in our thorough analysis, poised to notably impact Saudi Arabia - Tobacco Market

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