Sections
| Title | Starting Page | Number of Pages |
|---|
| Cover Page | 1 | 1 |
| List of Contents and Tables | 2 | 1 |
| NICOTINE IN MEXICO | 3 | 1 |
| Cigarettes in Mexico - Category Analysis | 3 | 1 |
| Cigarettes in Mexico - Category Analysis (CONT) | 4 | 1 |
| NICOTINE IN MEXICO | 5 | 1 |
| Graph - Country Reports Disclaimer | 5 | 1 |
| Nicotine in Mexico - Industry Overview | 6 | 1 |
| Executive Summary | 6 | 1 |
| 2025 developments | 6 | 1 |
| Key Data Insights | 6 | 1 |
| Key Industry Trends | 6 | 1 |
| NICOTINE IN MEXICO | 7 | 1 |
| Graph - Declining Smoking Prevalence | 7 | 1 |
| Tightening Regulation | 7 | 1 |
| Industry Performance | 7 | 1 |
| leps tax increase prompts downtrading as smokers seek affordability | 7 | 1 |
| Heated tobacco gains traction as smokers explore new options | 7 | 1 |
| NICOTINE IN MEXICO | 8 | 1 |
| Graph - Chart 2 Volume Sales 2020-2030 | 8 | 1 |
| NICOTINE IN MEXICO | 9 | 1 |
| Graph - Sticks volume Million sticks | 9 | 1 |
| What's Next? | 9 | 1 |
| Tax-driven downtrading to steer smokers toward value options | 9 | 1 |
| NICOTINE IN MEXICO | 10 | 1 |
| Enforcement on e-vapour to limit formal access but fuel informality | 10 | 1 |
| Chart 4 Analyst Insight Nicotine | 10 | 1 |
| Heated tobacco and pouches to gain traction as alternatives diversify | 10 | 1 |
| NICOTINE IN MEXICO | 11 | 1 |
| Graph - Chart 5 Forecast Volume Sales 2020-2030 | 11 | 1 |
| Graph - Chart 6 Forecast Volume Sales by Category 2025-2030 | 11 | 1 |
| Graph - NICOTINE IN MEXICO | 12 | 1 |
| Competitive Landscape | 12 | 1 |
| Pmi accelerates growth with multi-format strategy as bat loses ground | 12 | 1 |
| NICOTINE IN MEXICO | 13 | 1 |
| Chart 7 Company Shares 2025 | 13 | 1 |
| Chart 8 Brand Shares 2025 | 13 | 1 |
| Channels | 13 | 1 |
| Table/Chart: % Share (GBO) - Sticks volume - 2025 | 13 | 1 |
| Table/Chart: Tabular Data Analysis | 13 | 1 |
| Table/Chart: % Share (LBN) - Sticks volume 2025 | 13 | 1 |
| NICOTINE IN MEXICO | 14 | 1 |
| Regulatory barriers eliminate online nicotine sales and limit channel innovation | 14 | 1 |
| Products | 14 | 1 |
| Consumer demand and portfolio diversification fuel product development | 14 | 1 |
| NICOTINE IN MEXICO | 15 | 1 |
| Pmi and bat advance their positions through targeted product launches | 15 | 1 |
| Portfolio breadth and channel capability define competitive advantage | 15 | 1 |
| Operating Environment | 15 | 1 |
| Legislation | 15 | 1 |
| NICOTINE IN MEXICO | 16 | 1 |
| Table/Chart: Chart 9 Legislation Summary at a Glance | 16 | 1 |
| Table/Chart: Tabular Data Analysis | 16 | 1 |
| Minimum legal smoking age | 17 | 1 |
| Smoking prevalence | 17 | 1 |
| Plain packaging | 17 | 1 |
| Advertising and sponsorship | 17 | 1 |
| Point-of-sale display bans | 17 | 1 |
| Smoking in public places | 17 | 1 |
| NICOTINE IN MEXICO | 18 | 1 |
| Flavoured tobacco product ban | 18 | 1 |
| Vapour products | 18 | 1 |
| Production/Imports/Exports | 18 | 1 |
| Economic Context | 18 | 1 |
| Graph - Chart 10 Economic Context for Nicotine | 18 | 1 |
| NICOTINE IN MEXICO | 19 | 1 |
| Graph - Political | 19 | 1 |
| Graph - Economic | 19 | 1 |
| Graph - Technological | 19 | 1 |
| Graph - Chart 11 Real Gdp Growth 2020-2030 | 19 | 1 |
| Graph - NICOTINE IN MEXICO | 20 | 1 |
| Consumer Context | 20 | 1 |
| Graph - Chart 13 Consumer Context for Nicotine | 20 | 1 |
| NICOTINE IN MEXICO | 21 | 1 |
| Graph - Income and Expenditure | 21 | 1 |
| Graph - Lifestyles | 21 | 1 |
| Graph - NICOTINE IN MEXICO | 22 | 1 |
| Graph - Chart 15 | 22 | 1 |
| NICOTINE IN MEXICO | 23 | 1 |
| Graph - Report closing date: 23 June 2026 | 23 | 1 |
| Cigarettes in Mexico - Category Analysis | 24 | 1 |
| Key Data Insights | 24 | 1 |
| 2025 Developments | 24 | 1 |
| Cigarettes summary | 24 | 1 |
| Key Industry Trends | 24 | 1 |
| NICOTINE IN MEXICO | 25 | 1 |
| Cross-Format Consumption | 25 | 1 |
| Graph - Tightening Regulation | 25 | 1 |
| Industry Performance | 25 | 1 |
| Illicit alternatives gain ground as tax-driven price surge erodes legal sales | 25 | 1 |
| Channel fragmentation emerges as smokers seek alternatives | 25 | 1 |
| NICOTINE IN MEXICO | 26 | 1 |
| leps tax hike triggers unprecedented price gap and fuels downtrading | 26 | 1 |
| Graph - Chart 17 Volume Sales 2020-2030 | 26 | 1 |
| Graph - Sticks volume -Million sticks | 27 | 1 |
| What's Next? | 27 | 1 |
| Illicit operators to expand as affordability declines for duty-paid products | 27 | 1 |
| Chart 18 Analyst Insight Cigarettes | 27 | 1 |
| NICOTINE IN MEXICO | 28 | 1 |
| Heated tobacco and nicotine pouches to fragment usage among urban adults | 28 | 1 |
| Organised traffickers and regulatory shifts to reshape business strategies | 28 | 1 |
| NICOTINE IN MEXICO | 29 | 1 |
| Graph - Sticks volume - Million sticks % Y-O-Y Growth | 29 | 1 |
| Competitive Landscape | 29 | 1 |
| Philip morris adapts portfolio to retain dominance as value formats surge | 29 | 1 |
| NICOTINE IN MEXICO | 30 | 1 |
| Chart 21 Brand Shares 2025 | 30 | 1 |
| Channels | 30 | 1 |
| Oxxo and 7-eleven expand reach to compete with small local grocers | 30 | 1 |
| Table/Chart: % Share (GBO) - Sticks volume - 2025 | 30 | 1 |
| Table/Chart: Tabular Data Analysis | 30 | 1 |
| Table/Chart: % Share (LBN) - Sticks volume 2025 | 30 | 1 |
| NICOTINE IN MEXICO | 31 | 1 |
| Graph - Chart 22 Retail Channels 2020-2025 | 31 | 1 |
| NICOTINE IN MEXICO | 32 | 1 |
| Taxation rates | 32 | 1 |
| Average cigarette pack price breakdown | 32 | 1 |
| Products | 32 | 1 |
| Philip morris and bat adapt portfolios as illicit brands gain share | 32 | 1 |
| Table/Chart: Chart 23 Average Cigarette Pack Price Breakdown: Brand Examples | 32 | 1 |
| Table/Chart: Tabular Data Analysis | 32 | 1 |
| NICOTINE IN MEXICO | 33 | 1 |
| Economic Context | 33 | 1 |
| Chart 24 Economic Context for Cigarettes | 33 | 1 |
| Political | 33 | 1 |
| Graph - Economic | 33 | 1 |
| Technological | 33 | 1 |
| NICOTINE IN MEXICO | 34 | 1 |
| Graph - Real GDP Growth % | 34 | 1 |
| Graph - Chart 26 Inflation 2020-2030 | 34 | 1 |
| NICOTINE IN MEXICO | 35 | 1 |
| Population | 35 | 1 |
| Graph - Income and Expenditure | 35 | 1 |
| Graph - Lifestyles | 35 | 1 |
| Graph - Chart 28 Population 2020-2030 | 35 | 1 |
| Graph - NICOTINE IN MEXICO | 36 | 1 |
| Graph - Chart 29 | 36 | 1 |
| NICOTINE IN MEXICO | 37 | 1 |
| Graph - Report closing date: 23 June 2026 | 37 | 1 |
| Cigars, Cigarillos and Smoking Tobacco in Mexico - Category Analysis | 38 | 1 |
| Key Data Insights | 38 | 1 |
| 2025 Developments | 38 | 1 |
| Industry Performance | 38 | 1 |
| Economic pressures contribute to flat growth in relatively niche industry | 38 | 1 |
| NICOTINE IN MEXICO | 39 | 1 |
| Imported cigars from nicaragua and honduras drive accessible luxury | 39 | 1 |
| Celebratory consumption moments sustain premium cigar appeal in social settings | 39 | 1 |
| NICOTINE IN MEXICO | 40 | 1 |
| Graph - Sticks volume -Million sticks | 40 | 1 |
| Graph - Chart 31 Volume Sales by Category 2025 | 40 | 1 |
| NICOTINE IN MEXICO | 41 | 1 |
| Graph - Sticks volume Million sticks | 41 | 1 |
| leps increases to drive higher prices and reshape value chain costs | 41 | 1 |
| NICOTINE IN MEXICO | 42 | 1 |
| Rating performance in cigars and cigarillos to drive overall category growth | 42 | 1 |
| Stronger peso and rigid pricing to limit impact of import cost shifts | 42 | 1 |
| NICOTINE IN MEXICO | 43 | 1 |
| Graph - Sticks volume - Million sticks % Y-O-Y Growth | 43 | 1 |
| Graph - Chart 33 Forecast Volume Sales by Category 2025-2030 | 43 | 1 |
| Graph - NICOTINE IN MEXICO | 44 | 1 |
| Competitive Landscape | 44 | 1 |
| Nueva distabac secures leadership as premium and imported brands expand | 44 | 1 |
| NICOTINE IN MEXICO | 45 | 1 |
| Graph - Chart 35 Brand Shares 2025 | 45 | 1 |
| Table/Chart: % Share (GBO) = Sticks volume = 2025 | 45 | 1 |
| Table/Chart: Tabular Data Analysis | 45 | 1 |
| NICOTINE IN MEXICO | 46 | 1 |
| Channels | 46 | 1 |
| Tobacco specialists maintain lead as multipack clubs lose ground | 46 | 1 |
| Table/Chart: % Share (LBN) Sticks volume 2025 | 46 | 1 |
| Table/Chart: Tabular Data Analysis | 46 | 1 |
| NICOTINE IN MEXICO | 47 | 1 |
| Specialist stores limit online retail as experiential demand prevails | 47 | 1 |
| Economic Context | 47 | 1 |
| Political | 47 | 1 |
| Graph - Economic | 47 | 1 |
| Graph - Technological | 47 | 1 |
| NICOTINE IN MEXICO | 48 | 1 |
| Graph - Real GDP Growth % | 48 | 1 |
| Graph - Chart 38 Inflation 2020-2030 | 48 | 1 |
| Consumer Context | 49 | 1 |
| Graph - Income and Expenditure | 49 | 1 |
| Lifestyles | 49 | 1 |
| Graph - NICOTINE IN MEXICO | 50 | 1 |
| Graph - Chart 41 | 50 | 1 |
| NICOTINE IN MEXICO | 51 | 1 |
| Graph - Report closing date: 23 June 2026 | 51 | 1 |
| Smokeless Tobacco, E-Vapour Products and Heated Tobacco in Mexico - Category Analysis | 52 | 1 |
| Key Data Insights | 52 | 1 |
| 2025 Developments | 52 | 1 |
| Smokeless tobacco, e-vapour products and heated tobacco summary | 52 | 1 |
| Industry Performance | 52 | 1 |
| E-vapour ban drives illicit trade and changes market landscape | 52 | 1 |
| NICOTINE IN MEXICO | 53 | 1 |
| Heated tobacco and pouches attract urban adults amid tightening rules | 53 | 1 |
| Graph - Chart 42 Volume Sales 2020-2030 | 53 | 1 |
| NICOTINE IN MEXICO | 54 | 1 |
| Graph - Sticks volume Million sticks | 54 | 1 |
| Heated tobacco to gain ground as vaping faces new restrictions | 54 | 1 |
| NICOTINE IN MEXICO | 55 | 1 |
| Graph - Chart 44 Forecast Volume Sales 2020-2030 | 55 | 1 |
| NICOTINE IN MEXICO | 56 | 1 |
| Graph - Chart 45 Forecast Volume Sales by Category 2025-2030 | 56 | 1 |
| Competitive Landscape | 56 | 1 |
| NICOTINE IN MEXICO | 57 | 1 |
| Channels | 57 | 1 |
| E-commerce and vending enable illicit trade but face imminent shutdown | 57 | 1 |
| NICOTINE IN MEXICO | 58 | 1 |
| Political | 58 | 1 |
| Graph - Economic | 58 | 1 |
| Technological | 58 | 1 |
| Graph - Chart 47 Real Gdp Growth 2020-2030 | 58 | 1 |
| Graph - NICOTINE IN MEXICO | 59 | 1 |
| Consumer Context | 59 | 1 |
| Graph - Chart 49 Consumer Context for Smokeless Tobacco, E-Vapour Products and Heated Tobacco | 59 | 1 |
| NICOTINE IN MEXICO | 60 | 1 |
| Population | 60 | 1 |
| Graph - Income and Expenditure | 60 | 1 |
| Graph - Lifestyles | 60 | 1 |
| Graph - Chart 50 Population 2020-2030 | 60 | 1 |
| Graph - NICOTINE IN MEXICO | 61 | 1 |
| Graph - Chart 51 Population by Generation 2025 | 61 | 1 |
| NICOTINE IN MEXICO | 62 | 1 |
| Graph - Report closing date: 23 June 2026 | 62 | 1 |
