The downward pressure on consumer demand faced by tobacco players in Australia is expected to continue and amplify over the forecast period. While inflationary pressures and associated price increases are expected to ease, government health policy and activity focusing on reducing tobacco usage is expected to continue to gain momentum, creating significant headwinds for the category over the forecast period.
Since the emergence of the pandemic, domestic and international supply chains have been severely disrupted, resulting in nearly all retail categories being subjected to significant unit price growth. With government health policy focused on reducing tobacco usage, tax increases are expected to continue over the forecast period.
Over the forecast period, health and wellness considerations are expected to place significant downward pressure on demand for tobacco products. However, opportunities exist for producers of cigars and cigarillos to insulate themselves from this challenge by differentiating the category as more of a niche premium offering.
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Understand the latest market trends and future growth opportunities for the Cigars, Cigarillos and Smoking Tobacco industry in Australia with research from Euromonitor International's team of in-country analysts – experts by industry and geographic specialisation.
Key trends are clearly and succinctly summarised alongside the most current research data available. Understand and assess competitive threats and plan corporate strategy with our qualitative analysis, insight and confident growth projections.
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Cigars, Cigarillos and Smoking Tobacco
This report originates from Passport, our Cigars, Cigarillos and Smoking Tobacco research and analysis database.
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