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"Cigarettes in Nigeria" Is Now Available at Fast Market Research(ReleaseWire Via Acquire Media NewsEdge) New Consumer Goods market report from Euromonitor International: "Cigarettes in Nigeria"Boston, MA -- (ReleaseWire) -- 10/15/2014 -- The cigarettes category in Nigeria is traditionally conservative in terms of innovation, with the type of cigarettes generally remaining unchanged for several years. This trend, however began to change in the last 3-4 years, driven by the quasi-monopoly British American Tobacco (Nigeria)'s introduction of the Switch capsule filter, which allows the smoker to switch between standard and menthol cigarettes. Newer companies are also now trying to penetrate the market with innovative cigarettes, the latest being Black Horse Tobacco Co's Esse cigarettes (distributed for KT&G Corp). This brand had a very strong first year in 2013, based on being the first low tar cigarettes (officially) in the Nigerian market, as well as the first carbon filter and slim cigarettes. The success of this launch may indicate that the normally conservative cigarette smokers in Nigeria are open to new types of cigarettes, which follow global trends. Competitive Landscape View Full Report Details and Table of Contents Cigarettes in Nigeria has been dominated by one company for a long time, British American Tobacco (Nigeria) (BATN), which held a 79% share of volume sales in 2013. The company has dominated the Nigerian market since 2003, when it built its new factory and took control of over 70% of cigarettes in the country, with the reduction of illicit trade helping it to solidify its position in the market. Its range of brands is very strong, and it is probably the only company to have a complete presence across the length and breadth of the country. However, in recent years its share fell, in particular due to competition from the local subsidiaries of Japan Tobacco Inc. Industry Prospects Over the forecast period the growth of cigarettes is expected to slow slightly to a volume CAGR of 1%. Despite the growing population (especially in urban areas), the growth of women in the workforce and increased Westernisation, there is also likely to be an increase in health-consciousness. Furthermore, if the National Tobacco Control Bill 2009 is ratified, the country is likely to witness increased health awareness due to graphic warnings on cigarette packs, whilst a ban on the sale of single sticks would reduce the ability of many Nigerians to buy cigarettes. Furthermore, an increase in taxation, as recommended by the bill, would negatively impact consumption, and lead to an increase in illicit trade. However, with increased urbanisation and Westernisation, an increasing population, as well as expected weak enforcement of laws such as the ban on sales of single sticks, demand for cigarettes should remain stable. Report Overview Discover the latest market trends and uncover sources of future market growth for the Cigarettes industry in Nigeria with research from Euromonitor's team of in-country analysts. Find hidden opportunities in the most current research data available, understand competitive threats with our detailed market analysis, and plan your corporate strategy with our expert qualitative analysis and growth projections. If you're in the Cigarettes industry in Nigeria, our research will save you time and money while empowering you to make informed, profitable decisions. The Cigarettes in Nigeria market research report includes: - Analysis of key supply-side and demand trends - Detailed segmentation of international and local products - Historic volumes and values, company and brand market shares - Five year forecasts of market trends and market growth - Production, imports, and exports of finished cigarettes - Robust and transparent market research methodology, conducted in-country Our market research reports answer questions such as: - What is the market size of Cigarettes in Nigeria? - What are the major brands in Nigeria? - What is the legislative environment like in Nigeria? - What are the rates of cigarette taxation in Nigeria? - Do premium, mid-price or economy cigarettes dominate in Nigeria? - What is the rate of illicit trade in Nigeria? - How many smokers are there in the country? Reasons to Get 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 About Fast Market Research Fast Market Research is a leading distributor of market research and business information. Representing the world's top research publishers and analysts, we provide quick and easy access to the best competitive intelligence available. Our unbiased, expert staff is always available to help you find the right research to fit your requirements and your budget. For more information about these or related research reports, please visit our website at http://www.fastmr.com or call us at 1.800.844.8156. Browse all Consumer Goods research reports at Fast Market Research You may also be interested in these related reports: - Cigarettes in the US - Cigarettes in Finland - Cigarettes in the Czech Republic - Cigarettes in Colombia - Cigarettes in Chile - Cigarettes in Portugal - Cigarettes in Guatemala - Cigarettes in Slovakia - Cigarettes in Denmark - Cigarettes in VenezuelaFor more information on this press release visit: http://www.releasewire.com/press-releases/cigarettes-in-nigeria-is-now-available-at-fast-market-research-552643.htmMedia Relations ContactBill ThompsonDirector of MarketingFast Market Research, Inc.Telephone: 800-844-8156Email: Click to Email Bill ThompsonWeb: http://www.fastmr.com |