The global heated tobacco products market size is expected to reach USD 77.61 billion by 2025, according to a new report by Grand View Research, Inc. It is anticipated to expand at a CAGR of 52.56% during the forecast period. The growth is driven by rising consumer demand for reduced-risk tobacco products as they are claimed to be less harmful to health. Moreover, rise in marketing campaigns coupled with easy product approvals by the U.S. Food and Drug Administration (FDA) and the equivalent governing bodies from Europe and Asia is anticipated to fuel the product demand.
The market is driven by high growth of tobacco sector in Asia and North America. Rise in middle class population coupled with increasing disposable income is projected to drive the demand for heated tobacco products (HTPs). Rising awareness regarding healthy lifestyle and availability of healthier alternatives is anticipated to drive the market growth. Moreover, growing purchasing power of consumers is anticipated to drive the adoption of both stick and leaf products over the forecast period.
Leading manufacturers operating in U.S., Italy, Germany, Croatia, and South Africa among others countries engage in product launches with increasing focus on specialty and premium HTPs. Advertising campaigns, rising number of tobacco shops, and marketing strategies by the FDA itself are anticipated to create growth opportunities for the heated tobacco products market.
North America is anticipated to rise due to rising consumer awareness along with growing product launches from the leading manufacturers. For instance, in April 2019, Philips Morris International entered into the U.S. market with its iQOS heated tobacco products. Asia Pacific, on the other hand, is anticipated to witness significant rise in product demand on account of the ban on E-cigarettes in the key countries. Rising investments from leading players are anticipated to create growth opportunities in the regional market during the forecast period.
Manufacturers engage in product launches and expanding their manufacturing capacity gain greater market share. Key players including Philips Morris International, Japan Tobacco International, and British American Tobacco engage in business strategies, such as acquisitions, mergers, online sales, and capacity expansion.
Further key findings from the report suggest:
- The stick product segment is projected to ascend at a CAGR of around 51.0% over the forecast period
- Offline segment held the leading market share of over 91.0% in 2018
- Asia Pacific held the leading heated tobacco products (HTPs) market share of around 73.0% and is anticipated to continue its dominance over the forecast period
- The heated tobacco products market is highly competitive in nature with the presence of major players including Philips Morris International, Japan Tobacco International, and British American Tobacco.
- Manufacturers focus on new product launches, capacity expansion, and product innovation to estimate existing and future demand patterns from the upcoming product segments
Access full research report on global heated tobacco products market:
www.grandviewresearch.com/industry-analysis/heated-tobacco-products-htps-market
E-cigarettes, otherwise called vapes, are one of the later quit smoking guides to winding up accessible and they can enable you to stop smoking for good.
There are many places now sells Vape and E-cigarette, some are vape kiosk in the mall some inline stores.
They can be especially successful as a quit smoking guide when joined with master up close and personal help.
Are e-cigarettes/vapes more secure than cigarettes?
E-cigarettes aren’t totally chance free, yet specialists gauge that vaping is in any event 95% less hurtful than smoking cigarettes.
Truth be told, in spite of the fact that it is addictive, nicotine is moderately innocuous – it’s the a great many different synthetic concoctions in tobacco smoke that reason practically all the mischief from smoking.
The U.S. e-cigarette and vape industry size is expected to reach USD 18.5 billion by 2025, exhibiting a CAGR of 24.1% from 2019 to 2025, according to a new study conducted by Grand View Research, Inc.
The ability of e-cigarettes to reduce exposure to potentially toxic substances is expected to drive the market over the forecast period.
Another factor that is expected to drive the market is that health hazards associated with electronic smoking and vaping devices are relatively lower as compared to conventional tobacco cigarettes.Changing lifestyle and preferences of adult smokers bodes well for the U.S. market.
Adult smokers who are addicted to smoking but are willing to quit the habit are shifting from conventional tobacco cigarettes to electronic variants, thereby driving the adoption of the latter over the forecast period.Electronic smoking devices and products claim to minimize the risk of cancer usually posed by conventional cigarettes.
Moreover, vaping devices do not have any smoke associated with them, which means, they pose fewer health risks to passive smokers.
Electronic smoking devices also help in reducing the volume of cigarette litter and ash.Advances in technology are allowing vendors to offer electronic smoking products in a wide range of flavors.
If nei you smoke, it's reaching for the cigarettes will not help you lose weight.
The result is constipation and bloating, which many people mistakenly take for signs of topping at fault.
Thanks to this mouth also are busy and it is easier not to think about the cigarette.
This is because after about six weeks without cigarettes, we start all tastes (and smells!)
Nei body can withstand such a test of willpower - to deny yourself and cigarettes and meals usually end up attacks hunger and evening snacking.
Regular meals also reduce the risk of reaching for unhealthy and high-calorie snacks.
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There was a time when cigarette smoking was in trend, but it is not that trendy now.
These days, the millennial generation chooses vape over cigarettes.
It is a very healthy decision that keeps their lung in a good condition.
