Global Heat-Not-Burn Tobacco Products Market 2024-2028
The heat-not-burn tobacco products market is forecasted to grow by USD 91264 mn during 2023-2028, accelerating at a CAGR of 37.74% during the forecast period. The report on the heat-not-burn tobacco products market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by cost-effectiveness of heat-not-burn tobacco products, heat-not-burn tobacco products are relatively safer than conventional cigarettes, and growing number of organized retailing outlets.
Technavio's heat-not-burn tobacco products market is segmented as below:
By Product
- Devices
- Capsules
- Vaporizers
By Distribution Channel
By Geographical Landscape
- APAC
- North America
- Europe
- Middle East and Africa
- South America
This study identifies the increasing promotional activities by vendors as one of the prime reasons driving the heat-not-burn tobacco products market growth during the next few years. Also, online retailing and growing expenditure on production and product development will lead to sizable demand in the market.
The report on the heat-not-burn tobacco products market covers the following areas:
- Heat-not-burn tobacco products market sizing
- Heat-not-burn tobacco products market forecast
- Heat-not-burn tobacco products market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading heat-not-burn tobacco products market vendors that include British American Tobacco Plc, Imperial Brands Plc, iSmoke Vapor Inc., Japan Tobacco Inc., JFT Co. Ltd., KT and G Corp., Mysmok Electronic Technology, Pax Labs Inc., Philip Morris International Inc., SLANG Worldwide Inc., and Vapor Tobacco Manufacturing. Also, the heat-not-burn tobacco products market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.