Consumer Goods and Retail Report Blog

The United States tobacco market is witnessing high growth owing to the rising demand from young consumers, heavy investment on marketing and advertising and rising tobacco consumption in the country. According to TechSci Research report, “ United States Tobacco Market  - By Region, Competition Forecast & Opportunities, 2018-2028F,”  the United States tobacco market is forecast to grow at an impressive CAGR of around 7.95% in the forecast period due to rapidly surging demand from young consumers. Moreover, the rising investment by different brands in marketing and advertising and the growing consumption of tobacco derived products by the consumers in the country are driving the market. One of the major forces influencing the tobacco market in the United States is consumer demand. There is still a sizable demand for tobacco products in the nation despite the  health hazards connected to tobacco usage. Addiction, social expectations, and marketing initiatives all p...