The market is dominated by domestic suppliers, as imports account for 0.4% of total market size in 2024. Households drive market demand, with household spending representing 94.8% of total demand in 2024. India has the fourth largest market size for tobacco products regionally, with demand reaching USD18.1 billion in 2024. ITC Ltd is the largest company in India, generating 54.3% of the industry’s total production value in 2024. The industry is concentrated, with the top five companies generating 73.5% of total production value in 2024. The total number of companies decreases in 2024, to 49,817 units. The costs of the industry increase by 4.7% in 2024, largely driven by rising B2B costs. The industry’s profitability decreases and stands at 33.6% of production value in 2024, the highest regionally. The industry’s exports share decreases in 2024 to 2.2% of total production output. With production value of USD9.5 billion, India accounts for 4.6% of the Asia Pacific total in 2024.
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Overview:
This Euromonitor industrial report provides unique information on Tobacco Products in India: ISIC 16. With this industrial report, you’ll be able to explore the industry from its sources of supply to its buyers. The Tobacco Products in India: ISIC 16 report includes: Industry datagraphics including production data, exports, imports, cost structure, and profitability
The Food, Beverages and Tobacco in India report includes:
- Five year forecasts on industry’s historic trends and growth
- Insights on key factors shaping industry’s historic and future performance
- Historic data on industry’s turnover, market size, imports and exports
- Detailed overview of industry’s supply and demand structure
- Analysis of competitive landscape changes within the industry
This report answers:
- What is the turnover of the Food, Beverages and Tobacco?
- How the Food, Beverages and Tobacco will perform in the future?
- Which categories are driving industry's growth?
- Which factors will shape industry’s performance?
- What is the industry’s costs and demand structure?
- How profitable is the industry?
- Is industry’s competitive landscape concentrated or fragmented?
Tobacco Products in India: ISIC 16
HEADLINES
MARKET OVERVIEW
Food, Beverages and Tobacco
This is the aggregation of food, beverages, and tobacco products.
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- Understand future opportunities and threats within the industry
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