PROSPECTS AND OPPORTUNITIES
Cigarettes to suffer falling volume sales
Volume sales of cigarettes are expected to decline during the forecast period from 2024 to 2029. This steady contraction will be driven by continued decreases in smoking prevalence, reinforced by ongoing public health campaigns and stricter government regulations.
Demand will further fragment
The fragmentation of consumer demand within cigarettes is expected to intensify. As the traditional cigarette market shrinks, smokers will increasingly seek products that better match their personal preferences, such as milder taste, lower tar content or premium branding.
Investment in flavoured variants aims to boost appeal of smoking
Innovation within cigarettes during the forecast period will focus predominantly on flavour enhancement and capsule technology. Flavoured cigarettes - including menthol, mint, fruit, and capsule products that allow smokers to activate flavours - are expected to gain relative share among remaining smokers.
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Overview:
Understand the latest market trends and future growth opportunities for the Cigarettes industry in South Korea 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.
If you're in the Cigarettes industry in South Korea, our research will help you to make informed, intelligent decisions; to recognise and profit from opportunity, or to offer resilience amidst market uncertainty.
The Cigarettes in South Korea report includes:
- Analysis of key supply-side and demand trends
- Detailed segmentation of international and local products
- Historic volume and value sizes, company and brand market shares
- Five year forecasts of market trends and market growth
- Robust and transparent research methodology, conducted in-country
This report answers:
- What is the market size of Cigarettes in South Korea?
- Which are the leading brands in Cigarettes in South Korea?
- How are products distributed in Cigarettes in South Korea?
- Which category is the most heavily taxed in South Korea?
- How is the operating environment for Cigarettes changing?
- What are the current legislative restrictions applicable to the sale of Cigarettes products in South Korea?
- How has COVID-19 impacted demand?
- How have national lockdown and enforced home seclusion following COVID-19 impacted sales?
- Where is future growth expected to be most dynamic?
Cigarettes in South Korea - Category analysis
KEY DATA FINDINGS
Decline in smoking prevalence undermines demand for cigarettes
KT&G leads cigarettes in South Korea
Convenience channel maintains stronghold
Cigarettes to suffer falling volume sales
Demand will further fragment
Investment in flavoured variants aims to boost appeal of smoking
Taxation rates
Average cigarette pack price breakdown
Tobacco in South Korea - Industry Overview
Tobacco in 2024: The big picture
2024 key trends
Competitive landscape
Retail developments
What next for tobacco?
Legislation
Legislative overview
Minimum legal smoking age
Smoking prevalence
Tar levels
Health warnings
Plain packaging
Advertising and sponsorship
Point-of-sale display bans
Smoking in public places
Flavoured tobacco product ban
Vapour products
PRODUCTION/IMPORTS/EXPORTS
DISCLAIMER
The following categories and subcategories are included:
Cigarettes
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- Fine Cut Cigarettes
Cigarettes
RETAIL SALES OF DUTY PAID CIGARETTES The definition of cigarettes for the purposes of this study is duty-paid, machine manufactured white-stick products. This does not exclude brands of cigarettes that do not use white paper but it is designed to exclude the volume of non-machine manufactured products such as bidis/beedis (India) and papirosy (Russia), and other smoking products made with tobacco but that either do not resemble cigarettes as recognised in the US or Europe, or those that are not machine manufactured. The exclusion of these products is intended to give a more accurate picture of the "true" market for cigarettes and cigars which has been distorted in official statistics and published reports because of the inclusion of hybrid products. NB Please note that due to its central importance and integration into the industry mainstream, Indonesia’s market data does include hand-rolled kreteks DUTY-FREE sales are excluded from retail sales, as are herbal cigarettes. ILLICIT TRADE CIGARETTES Not included in retail sales, but split out separately in volume terms only. Defined as non-duty paid cigarettes (includes smuggled & counterfeit/fake products combined). Legitimate cross-border sales are considered duty-paid. Sales arising from a foreign national purchasing cheaper cigarettes in bulk in a neighbouring country for personal use and exported back are attributed to the country where the purchase is made (e.g. bulk cigarette sales by British nationals in France are attributed to France).
See all of our definitionsWhy buy 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
This report originates from Passport, our Cigarettes research and analysis database.
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