South Korea Cigarettes Market Analysis and Forecast by Segments, Distribution Channel, Competitive Landscape and Consumer Segmentation, 2021-2026

South Korea Cigarettes Market Report Overview

The South Korea cigarette market size was KRW12.59 trillion ($11 billion) in 2021 and is expected to increase at a CAGR of more than 2% during 2021-2026. Increased prices, more taxes, and strict restrictions on smoking are also playing a major role in cigarette market production as it is directly impacting the demand/supply chain.

The South Korea cigarettes market research report provides a comprehensive overview of the tobacco sector in South Korea. It also offers a comparative analysis of the value shares of South Korea in the Asia-Pacific and global tobacco sectors. Additionally, the per capita expenditure of tobacco in South Korea is also compared with the regional and global levels in this report.

South Korea Cigarettes Market Outlook

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South Korea Cigarettes Market Segments

The key cigarette segments in the market in focus are filter cigarettes king size, filter cigarettes 100s, and filter cigarettes 120s. Filter cigarettes king size was the largest segment in the market.

South Korea Cigarettes Market Analysis, by Segments

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South Korea Cigarettes Market Segmentation by Distribution Channels

The key distribution channels in the South Korea cigarettes market are convenience stores, tobacco specialists, hypermarkets & supermarkets, department stores, cash & carries and warehouse clubs, and others. The convenience store was the leading distribution channel in the cigarettes category in 2021.

South Korea Cigarettes Market Analysis, by Distribution Channels

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South Korea Cigarettes Market - Competitive Landscape

The leading companies in the South Korea cigarettes market are Korea Tobacco & Ginseng Corporation, Philip Morris International Inc, British American Tobacco Plc, and Japan Tobacco Inc. Korea Tobacco & Ginseng Corporation was the leading company in the cigarettes category in 2021.

South Korea Cigarettes Market Analysis, by Companies

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South Korea Cigarettes Market Overview

Scope

• Market Context: The report provides a comparative analysis of the value shares of South Korea in the Asia-Pacific and global tobacco sectors. Additionally, the per capita expenditure of tobacco in South Korea is also compared with the regional and global levels.
• Market Size and Structure: The report offers an overview of the growth at a sector level and provides an analysis of four categories: cigarettes. These categories are analyzed by value, volume, and CAGR for the period 2016–2026. The section also includes a value analysis of segments, and a value and volume analysis of sub-segment segments under each category for the period 2016–2026.
• Production and Trade: Provides analysis of per capita expenditure of tobacco in South Korea, by category, compared to the regional and global markets. Further, analysis of the leading distribution channels at the category level in 2021. The consumer sector reports cover the following eight distribution channels: cash & carry and warehouse clubs, convenience stores, department stores, e-retailers, hypermarkets & supermarkets, tobacco specialists, vending machines, and other general retailers.
• Taxation: It covers the taxation landscape in the country and its effects on the tobacco sector
• Manufacturers and Brands: The report provides an analysis of leading companies by category in 2021 and analyzes the market share and growth of private labels in each category.
• The Smoking Population: The report covers the consumption of tobacco by gender in South Korea.
• Operating Constraints: The report covers the impact of policies and regulations on the tobacco sector in South Korea.
• Prospects and Forecasts: The report covers forecast analysis of categories in the tobacco sector
• Macroeconomic analysis: The report also provides an outlook on macroeconomic indicators in South Korea, with a detailed summary of the economy, labor market, and demographics.
• Exchange rates: Exchange rates used to convert local currency to US dollars are annual average floating exchange rates.
• Time period: The report provides sector value and volume data, including the category and sector-level data for the period 2016–2026. Distribution channel data is for 2020, and company data is included for 2021.

Key Highlights

• Per capita expenditure of tobacco was higher in South Korea than at global and regional levels in 2021
• Convenience store was the leading distribution channel in the cigarettes category
• The price of cigarettes in South Korea increased only seven times between 1996 and 2015
• Robust exports boosted South Korea’s GDP growth in 2021
• The ‘filter cigarettes 120s’ is forecast to be the fastest-growing sub-segment in the cigarettes category

Reasons to Buy

• Get a detailed understanding of consumption to align your sales and marketing efforts with the latest trends in the market.
• Identify the areas of growth and opportunities, which will aid effective marketing planning.
• The differing growth rates in regional product sales drive fundamental shifts in the market.
• This report provides detailed, authoritative data on these changes – prime intelligence for marketers.
• Understand the market dynamics and essential data to benchmark your position and identify where to compete in the future.