인도의 니코틴 시장

Nicotine in India demonstrated a marked outperformance relative to the wider Asia Pacific region in 2025, propelled by an expanding cohort of young adults of legal smoking age and sustained purchasing power as real GDP growth exceeded inflation, resulting in an annual volume increase of 13% to 148,375 million sticks. This robust result underscores the attractiveness of nicotine, which continues to attract significant consumer expenditure, totalling INR2,645,717 million, despite intensifying regu...

Euromonitor International's Nicotine in India report offers a comprehensive guide to the size and shape of the market at a national level. It provides the latest retail sales data 2021-2025, allowing you to identify the sectors driving growth. It identifies the leading companies, the leading brands and offers strategic analysis of key factors influencing the market - be the new legislative, distribution or pricing issues. Forecasts to 2030 illustrate how the market is set to change.

Product coverage: Cigarettes, Cigarettes (Illicit+Legal), Cigars, Cigarillos and Smoking Tobacco, E-Vapour Consumables (Illicit+Legal), Smokeless Tobacco, E-Vapour Products and Heated Tobacco.

Data coverage: market sizes (historic and forecasts), company shares, brand shares and distribution data.

Why buy this report?

• Get a detailed picture of the Nicotine market;
• Pinpoint growth sectors and identify factors driving change;
• Understand the competitive environment, the market's major players and leading brands;
• Use five-year forecasts to assess how the market is predicted to develop.

Euromonitor International has over 50 years' experience of publishing market research reports, business reference books and online information systems. With offices in London, Chicago, Singapore, Shanghai, Vilnius, Dubai, Cape Town, Santiago, Sydney, Tokyo, Bengaluru, Sao Paulo, Seoul, Hong Kong, Dusseldorf and Mexico City and a network of analysts in 100 countries, Euromonitor International has a unique capability and an understanding of diverse markets to develop reliable information resources to help drive informed strategic planning. To learn more about how our research solutions can support you, contact your local Euromonitor International office.

TABLE OF CONTENTS

List Of Contents And Tables

Executive Summary

2025 Developments

Key Data Insights

Key Industry Trends

CHART 1 Key Industry Trends for Nicotine

Industry Performance

Blinkit, Zepto and Swiggy Instamart Bridge Offline and Digital Sales

Cigarette Companies Accelerate Sales Ahead of Excise Duty Overhaul

CHART 2 Volume Sales 2020-2030

CHART 3 Volume Sales by Category 2025

What's Next?

Cigarette Manufacturers Anticipated to Stagger Price Increases to Soften Volume Declines

Cigarettes Set to Maintain Dominance Even as Overall Nicotine Volumes Contract

Flavour Capsule Innovation Expected to Attract Younger Adults of Legal Smoking Age Amid Regulatory Pressure

CHART 4 Forecast Volume Sales 2020-2030

CHART 5 Forecast Volume Sales by Category 2025-2030

Competitive Landscape

Itc Ltd Leverages Distribution and Brand Strength to Widen Share Lead

CHART 6 Analyst Insight for Nicotine

CHART 7 Company Shares 2025

CHART 8 Brand Shares 2025

Channels

Small Local Grocers Drive Single-Stick Sales as Modern Retail Adapts

Quick Commerce Leverages Urban Demand for Instant Fulfilment

Products

Quick Commerce Platforms Drive Digital Transformation in Nicotine Sales

Flavour Capsule Innovation Secures Loyalty among Younger Adults

Operating Environment

Legislation

Legislative Overview

CHART 9 Legislation Summary at a Glance

Minimum Legal Smoking Age

Smoking Prevalence

Health Warnings

Plain Packaging

Advertising and Sponsorship

Point-Of-Sale Display Bans

Smoking in Public Places

Flavoured Tobacco Product Ban

Vapour Products

Production/Imports/Exports

Economic Context

CHART 10 Economic Context for Nicotine

CHART 11 Real GDP Growth 2020-2030

CHART 12 Inflation 2020-2030

Consumer Context

CHART 13 Consumer Context for Nicotine

CHART 14 Population 2020-2030

CHART 15 Population by Generation 2025

Country Reports Disclaimer

CIGARETTES IN INDIA

• Key Data Insights
• 2025 Developments
• Cigarettes Summary
• Key Industry Trends
• CHART 16 Key Industry Trends for Cigarettes
• Industry Performance
• Bulk Buyers Drive Volume Surge Ahead of Tax Hike
• Legal-Age Entrants Sustain Sales as E-Commerce Adapts to Restrictions
• Tax Increase Prompts Pre-Emptive Buying and Shifts Pricing Outlook
• CHART 17 Volume Sales 2020-2030
• What's Next?
• Manufacturers Set to Absorb Tax Shocks in Value Tiers to Sustain Volumes
• Quick Commerce Platforms Anticipated to Outpace Traditional Sales with Text-Only Listings
• Flavour Capsules Expected to Attract Millennials and Gen Z Consumers of Legal Smoking Age to Premium Formats
• CHART 18 Forecast Volume Sales 2020-2030

Competitive Landscape

• Godfrey Phillips India Ltd Gains Share as Itc Ltd Retains Lead through Distribution and Innovation
• CHART 19 Analyst Insight for Cigarettes
• CHART 20 Company Shares 2025
• CHART 21 Brand Shares 2025
• Channels
• Small Local Grocers Drive Single-Stick Sales through Affordability and Access
• Modern Retail and E-Commerce Trail as Single-Stick Demand Persists
• CHART 22 Retail Channels 2020-2025
• Products
• Regulatory Pressure and Premiumisation Drive the Innovation Agenda
• Capsule Formats and Slim Variants Lead Recent Launches
• Innovation Delivers Pricing Power and Strengthens Brand Equity
• Taxation and Pricing
• Taxation Rates
• Average Cigarette Pack Price Breakdown
• CHART 23 Cigarette Price Band Definitions
• Economic Context
• CHART 24 Economic Context for Cigarettes
• CHART 25 Real GDP Growth 2020-2030
• CHART 26 Inflation 2020-2030
• Consumer Context
• CHART 27 Consumer Context for Cigarettes
• CHART 28 Population 2020-2030
• CHART 29 Population by Generation 2025
• Country Reports Disclaimer

CIGARS, CIGARILLOS AND SMOKING TOBACCO IN INDIA

• Key Data Insights
• 2025 Developments
• Cigars, Cigarillos and Smoking Tobacco Summary
• Industry Performance
• Rising Disposable Incomes Drive up Sticks Volume Despite Inflation
• Cigars and Cigarillos Command All Measurable Volume as Smoking Tobacco Stalls
• Higher Tobacco Spend Accelerates Sticks Volume Rebound for Cigars and Cigarillos
• CHART 30 Volume Sales 2020-2030
• CHART 31 Volume Sales by Category 2025
• What's Next?
• Cigars and Cigarillos Anticipated to Sustain Steady Growth as Incomes Rise
• Rising Spending and Stable Inflation Expected to Reinforce Product Resilience
• CHART 32 Forecast Volume Sales 2020-2030
• CHART 33 Forecast Volume Sales by Category 2025-2030

Competitive Landscape

• Godfrey Phillips India Sustains Lead as Rivals Lose Share
• CHART 34 Company Shares 2025
• CHART 35 Brand Shares 2025
• Channels
• Specialist Tobacco Retailers Drive Access as Supermarkets Remain Limited
• Retail E-Commerce Remains Marginal as Regulation and Preference Limit Online Uptake
• Economic Context
• CHART 36 Economic Context for Cigars, Cigarillos and Smoking Tobacco
• CHART 37 Real GDP Growth 2020-2030
• CHART 38 Inflation 2020-2030
• Consumer Context
• CHART 39 Consumer Context for Cigars, Cigarillos and Smoking Tobacco
• CHART 40 Population 2020-2030
• CHART 41 Population by Generation 2025
• Country Reports Disclaimer

SMOKELESS TOBACCO, E-VAPOUR PRODUCTS AND HEATED TOBACCO IN INDIA

• Key Data Insights
• 2025 Developments
• Smokeless Tobacco, E-Vapour Products and Heated Tobacco Summary
• Industry Performance
• Ds Group and Shree Meenakshi Sustain Growth Despite Bans
• Gutkha Ban Shifts Consumption to Informal and Home-Made Products
• Illicit Sales and Informal Mixing Undermine Regulatory Controls
• CHART 42 Volume Sales 2020-2030
• CHART 43 Volume Sales by Category 2025
• What's Next?
• Tax Reforms and Price Hikes Anticipated to Reduce Legal Sales Volumes
• Illicit Trade and Informal Supply Channels Expected to Expand as Enforcement Gaps Persist
• CHART 44 Forecast Volume Sales 2020-2030
• CHART 45 Forecast Volume Sales by Category 2025-2030

Competitive Landscape

• Ds Group and Shree Meenakshi Maintain Share in Fragmented Landscape
• CHART 46 Company Shares 2025
• CHART 47 Brand Shares 2025
• Channels
• Small Local Grocers Reinforce Rural Access as Online Remains Absent
• Illicit Sales and Low Margins Keep E-Commerce Excluded From Growth
• Economic Context
• CHART 48 Economic Context for Smokeless Tobacco, E-Vapour Products and Heated Tobacco
• CHART 49 Real GDP Growth 2020-2030
• CHART 50 Inflation 2020-2030
• Consumer Context
• CHART 51 Consumer Context for Smokeless Tobacco, E-Vapour Products and Heated Tobacco
• CHART 52 Population 2020-2030
• CHART 53 Population by Generation 2025
• Country Reports Disclaimer