PUBLISHER: TechNavio | PRODUCT CODE: 1684877
PUBLISHER: TechNavio | PRODUCT CODE: 1684877
The heat-not-burn tobacco products market is forecasted to grow by USD 151873 million during 2024-2029, accelerating at a CAGR of 43.6% 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.
Market Scope | |
---|---|
Base Year | 2025 |
End Year | 2029 |
Series Year | 2025-2029 |
Growth Momentum | Accelerate |
YOY 2025 | 32.5% |
CAGR | 43.6% |
Incremental Value | $151873 mn |
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 size data, segment with regional analysis and vendor landscape in addition to an analysis of the key companies. Reports have historic and forecast data.
Technavio's heat-not-burn tobacco products market is segmented as below:
By Product
By Distribution Channel
By Flavor
By End-user
By Geographical Landscape
This study identifies the increasing promotional activities by companies as one of the prime reasons driving the heat-not-burn tobacco products market growth during the next few years. Also, growing 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:
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 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 primary and secondary research. 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 accurate market growth.
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