MarkNtel Advisors recently published a research report stating that the Egypt Cigarette Market is projected to grow at a CAGR of around 2.3% during the forecast period, i.e., 2024-30. The factors attributed to the growth of the Cigarette Market in Europe include the extensive prevalence of smoking in the country given the social & cultural acceptance of cigarettes. Additionally, the prominence of cigarettes in social events in Egypt would generate a demand for cigarettes across the country.
The report further states that the easy accessibility to affordable cigarettes in Egypt coupled with the minimal cost of production of cigarettes for manufacturers would back the cigarette makers in Europe in the forecast period of 2024-30 and propel the market growth significantly.
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Looking for the prominent market contenders in the Egypt Cigarette Market, Eastern Co SAE, United Tobacco Co., Al Mansour International Distribution Co., International Center for Trade, and others, are among the top ones. These companies retain a substantial share of the Egypt Cigarette Market and play a major role in boosting the overall market growth.
Scanning the Segmentation of the Egypt Cigarette Market
- By Blend (American Blend, Virginia, and Other Blend)
- By Format (Regular, Slim, Super slim, and Micro slim)
- By Price Band (Economy Price Band, Mid-Price Band, and Premium Price Band)
- By Distribution Channel (Store Retailing and Non-Store Retailing)
- By Region (Nile, Sinai Peninsula, Eastern Desert, and Upper Egypt)
A generous amount of growth was exhibited by Store retailing in the past years in the Egypt Cigarette Market. The presence of an extensive number of shops, such as grocery retailers, convenience stores, supermarkets, tobacco specialists, non-grocery shops, etc., is the main factor causing the growth of the store retailing segment in the given market. These stores are easily accessible owing to their proximity in terms of location, attain the demands of the consumers rapidly, and cater to all ranges of consumer base due to which the demand for cigarettes from these store retailers is quite high. Although, the demand generated for cigarettes from these store retailers is unmatched, the growing trend of online shopping and internet penetration might hamper the popularity of store retailers.
The maximum market share was captured by Economy Price Band cigarettes in the past years in the Egypt Cigarette Market given the low disposable income of the population in Egypt. The maximum population of Egypt is involved in low-paying informal jobs consisting of poor productivity, and wretched working circumstances hence unable to afford the premium or mid-price band cigarettes. Egypt’s majority of GDP is obtained from the informal economy indicating that the maximum population can only afford low-priced cigarettes. The government initiatives and policies to elevate the living standard of the people might boost the demand for high-priced cigarettes in the coming years.
Egypt Cigarette Market is Substantially Driven by the Egyptian Demography
Egypt constitutes the highest population of tobacco consumers in the Arab world. The younger or adolescent population of the country holds the highest share of the Egypt Cigarette Market. Numerous factors, such as poverty, below-average literacy of the parents, lack of obligations to sell cigarettes close to schools and colleges, and the easy accessibility to cheap-priced cigarettes are majorly responsible for the tremendous consumption of cigarettes among the youth population. Moreover, the relaxation regarding the smoking of cigarettes in Europe is further resulting in the proliferation of market growth.
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