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In 2025, the mass segment is anticipated to be the fastest growing during the forecast period with the highest CAGR of 4.38%, due to its affordability and wide-scale consumption in developing economies, whereas the premium and luxury segments are projected to witness growth due to rising disposable incomes and lifestyle-driven demand
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Maximum tax hike has happened in the premium king size segment at around 21 per cent
Read more: After Mexico bans vapes, cartels tighten their grip on a booming market
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