Heat-not-burn Tobacco Products Market by Product Type, Distribution Channel

Description

List of Tables

[187 Pages Report] The Heat-not-burn Tobacco Products Market size was estimated at USD 8.83 billion in 2023 and expected to reach USD 10.23 billion in 2024, at a CAGR 15.92% to reach USD 24.86 billion by 2030.

Heat-not-burn tobacco products or smokeless products are electronic gadgets containing tobacco with low nicotine content and fewer chemicals. These products are designed to heat tobacco without combustion, producing an aerosol containing fewer harmful chemicals than traditional cigarettes. These products are a smoking alternative that heats rather than burns tobacco to generate an inhalable aerosol. Unlike traditional cigarettes, heat-not-burn tobacco products generate minimal smoke and do not produce ash, offering a smokeless experience that can be more convenient and less intrusive to others in the surrounding environment. Governments worldwide are increasingly implementing cigarette prohibition acts and imposing higher taxes to tackle public health issues which have fueled the market growth. Rising awareness regarding the harmful side effects of traditional cigarettes has led to a significant shift in public perception that significantly drives the market. However, the strict regulations on the distribution of these products and the rising adoption of e-cigarettes have restricted the adoption of heat-not-burn tobacco products. Online sales and marketing promotions for heat-not-burn tobacco products have been experiencing significant growth in recent years, which is expected to create a lucrative opportunity in the forecast period.

KEY MARKET STATISTICS
Base Year [2023]	USD 8.83 billion
Estimated Year [2024]	USD 10.23 billion
Forecast Year [2030]	USD 24.86 billion
CAGR (%)	15.92%

Product Type: Rising popularity of heat-not-burn tobacco vaporizers

Heat-not-burn tobacco capsules are pre-packaged, single-use consumables with compatible heating devices for exclusive use. Heat-not-burn tobacco capsules contain processed tobacco and are heated to release nicotine-filled aerosol, which the user then inhales. Heat-not-burn tobacco devices are engineered to heat tobacco capsules or sticks without burning them. The technology in Heat-not-burn tobacco devices allows for releasing nicotine in aerosol form, minimizing the formation of harmful combustion by-products. Heat-not-burn tobacco vaporizers utilize advanced heating mechanisms to vaporize liquid nicotine or real tobacco leaves. Heat-not-burn tobacco vaporizer allows users to either fill the vaporizer with a liquid solution or use specially designed tobacco products.

Distribution Channel: Preference for online distribution channels for cost effectiveness

Online distribution channels offer a convenient shopping experience for consumers seeking heat-not-burn tobacco products. Online distribution platforms facilitate easy access to a range of products from various manufacturers without geographical restrictions. Consumers favor online channels for the comparative ease of researching product features, prices, and user reviews and making informed decisions before purchasing. Retail stores, including supermarkets, specialty stores, and convenience stores, offer immediate product availability for consumers. Offline channel caters to impulse buyers and individuals who prefer physically inspecting the product before purchase. Retail stores also provide the advantage of instant gratification, as consumers purchase and use the product immediately.

Regional Insights

The heat-not-burn tobacco products market in the Americas has experienced significant growth in recent years. This growth is attributed to increasing consumer interest in alternative tobacco products and the perceived reduced harm compared to traditional cigarettes. Moreover, the heat-not-burn tobacco products market is becoming increasingly competitive in the Americas as more companies introduce new products to cater to diverse consumer preferences. The APAC region represents a significant market opportunity for heat-not-burn tobacco products due to its large population, high prevalence of smoking, and increasing health consciousness among consumers. Companies in the APAC region are introducing innovative product variations, expanding distribution networks, and investing in marketing campaigns to capture the growing consumer demand. The heat-not-burn tobacco products market in EMEA is growing due to increasing consumer interest in alternative tobacco products, the potential perception of reduced harm compared to traditional cigarettes, and evolving regulatory environments.

FPNV Positioning Matrix

The FPNV Positioning Matrix is pivotal in evaluating the Heat-not-burn Tobacco Products Market. It offers a comprehensive assessment of vendors, examining key metrics related to Business Strategy and Product Satisfaction. This in-depth analysis empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Market Share Analysis

The Market Share Analysis is a comprehensive tool that provides an insightful and in-depth examination of the current state of vendors in the Heat-not-burn Tobacco Products Market. By meticulously comparing and analyzing vendor contributions in terms of overall revenue, customer base, and other key metrics, we can offer companies a greater understanding of their performance and the challenges they face when competing for market share. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With this expanded level of detail, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Key Company Profiles

The report delves into recent significant developments in the Heat-not-burn Tobacco Products Market, highlighting leading vendors and their innovative profiles. These include Altria Group, Inc., Aspire by Shenzhen Eigate Technology Co., Ltd., British American Tobacco PLC, Broad Far Hong Kong Limited, Ccobato (Shenzhen) Technology Co., Ltd., Cerulean by Coesia S.p.A., Essentra PLC, Hanwa Biotech (Dongguan) Co., LTD., HEECHI Group, Imperial Brands PLC, Japan Tobacco Inc., Joyetech Group., Kandypens Inc., KT&G Corporation, Maskking (Shenzhen) Technology Co., Ltd., Mysmok Electronic Technology Co., Ltd., PAX Labs, Inc., Pluscig by Shenzhen Simeiyue Technology Co., Ltd, Shenzhen Dorteam Technology Co., Ltd., Shenzhen Ruigu Technology Co., Ltd., Shenzhen Yukan Technology Co., Ltd., Sixhill by ShenZhen Union Technology Development Co.,Ltd., SLANG Worldwide Inc., SMISS Technology Co., Ltd., Smoore International Holdings Limited, Taat Global Alternatives Inc., UWOO, Yunnan Xike Science & Technology Co., Ltd., and Zhengde Hanyuan (Shenzhen) Technology Co., Ltd.

Market Segmentation & Coverage

This research report categorizes the Heat-not-burn Tobacco Products Market to forecast the revenues and analyze trends in each of the following sub-markets:

Product Type
- Heat-not-burn Tobacco Capsules
- Heat-not-burn Tobacco Devices
- Heat-not-burn Tobacco Vaporizers

Distribution Channel
- Online
- Retail Store
  - Convenience Store
  - Drug Store
  - Grocery Store
  - Newsstand
  - Tobacconist Store
Region
- Americas
  - Argentina
  - Brazil
  - Canada
  - Mexico
  - United States
    - California
    - Florida
    - Illinois
    - New York
    - Ohio
    - Pennsylvania
    - Texas
- Asia-Pacific
  - Australia
  - China
  - India
  - Indonesia
  - Japan
  - Malaysia
  - Philippines
  - Singapore
  - South Korea
  - Taiwan
  - Thailand
  - Vietnam

Europe, Middle East & Africa
- Denmark
- Egypt
- Finland
- France
- Germany
- Israel
- Italy
- Netherlands
- Nigeria
- Norway
- Poland
- Qatar
- Russia
- Saudi Arabia
- South Africa
- Spain
- Sweden
- Switzerland
- Turkey
- United Arab Emirates
- United Kingdom

The report offers valuable insights on the following aspects:

1. Market Penetration: It presents comprehensive information on the market provided by key players.

2. Market Development: It delves deep into lucrative emerging markets and analyzes the penetration across mature market segments.

3. Market Diversification: It provides detailed information on new product launches, untapped geographic regions, recent developments, and investments.

4. Competitive Assessment & Intelligence: It conducts an exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players.

5. Product Development & Innovation: It offers intelligent insights on future technologies, R&D activities, and breakthrough product developments.

The report addresses key questions such as:

1. What is the market size and forecast of the Heat-not-burn Tobacco Products Market?

2. Which products, segments, applications, and areas should one consider investing in over the forecast period in the Heat-not-burn Tobacco Products Market?

3. What are the technology trends and regulatory frameworks in the Heat-not-burn Tobacco Products Market?

4. What is the market share of the leading vendors in the Heat-not-burn Tobacco Products Market?

5. Which modes and strategic moves are suitable for entering the Heat-not-burn Tobacco Products Market?

Product Code: MRR-437E9896A580

1. Preface

1.1. Objectives of the Study
1.2. Market Segmentation & Coverage
1.3. Years Considered for the Study
1.4. Currency & Pricing
1.5. Language
1.6. Stakeholders

2. Research Methodology

2.1. Define: Research Objective
2.2. Determine: Research Design
2.3. Prepare: Research Instrument
2.4. Collect: Data Source
2.5. Analyze: Data Interpretation
2.6. Formulate: Data Verification
2.7. Publish: Research Report
2.8. Repeat: Report Update

3. Executive Summary

4. Market Overview

5. Market Insights

5.1. Market Dynamics
- 5.1.1. Drivers
  - 5.1.1.1. Growing inclination towards reduced tobacco risk products
  - 5.1.1.2. Rising demand for heat-not-burn tobacco products owing to their no combustion and cost-effectiveness characteristics
- 5.1.2. Restraints
  - 5.1.2.1. Stringent regulations for the distribution of heat-not-burn tobacco products
- 5.1.3. Opportunities
  - 5.1.3.1. Introduction of innovative products for enhanced smoking experience
  - 5.1.3.2. Growing promotional activities and increasing investment activities by market vendors to expand their presence
- 5.1.4. Challenges
  - 5.1.4.1. Growing adoption of e-cigarettes
5.2. Market Segmentation Analysis
- 5.2.1. Product Type: Rising popularity of heat-not-burn tobacco vaporizers
- 5.2.2. Distribution Channel: Preference for online distribution channels for cost effectiveness
5.3. Market Trend Analysis
- 5.3.1. Ongoing collaborations to commercialize heat-not-burn tobacco products in the Americas
- 5.3.2. Expansion of production facilities and development of innovative heat-not-burn tobacco products in the APAC region
- 5.3.3. The high proportion of smokers and native players expand the sales of HTP products in the EMEA region
5.4. Cumulative Impact of Russia-Ukraine Conflict
5.5. Cumulative Impact of High Inflation
5.6. Porter's Five Forces Analysis
- 5.6.1. Threat of New Entrants
- 5.6.2. Threat of Substitutes
- 5.6.3. Bargaining Power of Customers
- 5.6.4. Bargaining Power of Suppliers
- 5.6.5. Industry Rivalry
5.7. Value Chain & Critical Path Analysis
5.8. Regulatory Framework Analysis
5.9. Client Customization

6. Heat-not-burn Tobacco Products Market, by Product Type

6.1. Introduction
6.2. Heat-not-burn Tobacco Capsules
6.3. Heat-not-burn Tobacco Devices
6.4. Heat-not-burn Tobacco Vaporizers

7. Heat-not-burn Tobacco Products Market, by Distribution Channel

7.1. Introduction
7.2. Online
7.3. Retail Store

8. Americas Heat-not-burn Tobacco Products Market

8.1. Introduction
8.2. Argentina
8.3. Brazil
8.4. Canada
8.5. Mexico
8.6. United States

9. Asia-Pacific Heat-not-burn Tobacco Products Market

9.1. Introduction
9.2. Australia
9.3. China
9.4. India
9.5. Indonesia
9.6. Japan
9.7. Malaysia
9.8. Philippines
9.9. Singapore
9.10. South Korea
9.11. Taiwan
9.12. Thailand
9.13. Vietnam

10. Europe, Middle East & Africa Heat-not-burn Tobacco Products Market

10.1. Introduction
10.2. Denmark
10.3. Egypt
10.4. Finland
10.5. France
10.6. Germany
10.7. Israel
10.8. Italy
10.9. Netherlands
10.10. Nigeria
10.11. Norway
10.12. Poland
10.13. Qatar
10.14. Russia
10.15. Saudi Arabia
10.16. South Africa
10.17. Spain
10.18. Sweden
10.19. Switzerland
10.20. Turkey
10.21. United Arab Emirates
10.22. United Kingdom

11. Competitive Landscape

11.1. Market Share Analysis, 2023
11.2. FPNV Positioning Matrix, 2023
11.3. Competitive Scenario Analysis
- 11.3.1. JT Boosts Investment in Heating Products
- 11.3.2. Altria to Launch Two New Smoke-Free Products
- 11.3.3. Imperial Launches Pulze 2.0 Heating Device
- 11.3.4. Philip Morris International Inc. (PMI) Announces Agreement to Extend and Deepen Collaboration With KT&G
- 11.3.5. FDA Authorizes Three New Heated Tobacco Products
- 11.3.6. PMI Inaugurates HEETS Factory in Indonesia
- 11.3.7. Philip Morris International Progresses Toward Sole Ownership of Swedish Match, Further Supporting Ambition to Deliver a Smoke-free Future
- 11.3.8. KT&G Debuts All-new Heated Cigarettes Geared with AI
- 11.3.9. Altria Enters New Heat-Not-Burn Joint Venture
- 11.3.10. TAAT Begins Development of a "Heat-Not-Burn" Offering with the U.S. Subsidiary of Shanghai Shunho New Materials Technology

12. Competitive Portfolio

12.1. Key Company Profiles
12.2. Key Product Portfolio