USD 29.54 Billion
Report ID:
SQMIG30J2008 |
Region:
Global |
Published Date: April, 2024
Pages:
198
|Tables:
59
|Figures:
75
Global Smokeless Cigarettes Market size was valued at USD 29.54 Billion in 2022 and is poised to grow from USD 34.63 Billion in 2023 to USD 123.43 Billion by 2031, at a CAGR of 17.22% during the forecast period (2024-2031).
Global market is driven by a shift in customer preference towards nicotine-free cigarettes due to the risk of cancer of the head, throat, neck, oesophagus, and oral cavity. As a result, producers are releasing cutting-edge products to address these problems. For instance, the American electronic cigarette manufacturer Juul Laboratories Inc. recently introduced e-cigarettes in India. The move was made in response to the company's desire to increase its market share in the Asia-Pacific area. Similar to this, TAAT(TM) Lifestyle and Wellness Ltd. introduced TAAT, a tobacco- and nicotine-free cigarette that will be sold in Ohio on a variety of e-commerce websites. Consumers' increased preference for items with various flavours, including cinnamon, berry, vanilla, saffron, and apple, will present profitable opportunities for industry participants. The strategy was created to get around limits on the sale of flavoured disposable e-cigarettes in the future that did not follow government policy and to change the characteristics of the current product.
There is a large demand for tobacco-free alternatives, such e-cigarettes, which will expand with the market due to consumers' increased knowledge of the health risks connected with smoking, particularly among millennials and Gen Z. Throughout the forecast period, the market is anticipated to be driven by rising consumer awareness of the degenerative effects of tobacco use. In the United States, 5.7 million persons, or more than 2 in every 100 (2.3%) adults 18 and older, reported using smokeless tobacco products. Moreover, technological developments by significant market participants for smokeless cigarettes would encourage growth.
US Smokeless Cigarettes Market is poised to grow at a sustainable CAGR for the next forecast year.
Global Market Size
USD 29.54 Billion
Largest Segment
Electric
Fastest Growth
Non Electric
Growth Rate
17.22% CAGR
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Global Smokeless Cigarettes Market is segmented on the basis of Product Type, Distribution Channels, and region. By Product Type, the market is segmented into, Electric and Non-Electric. By Distribution Channels, market is segmented into Offline and Online. By region, the market is divided into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
Smokeless Cigarettes Market Analysis by Product Type
The largest segment of the Global Smokeless Cigarettes Market by Product Type is Electric segment. In 2022, the electric segment had a significant revenue share, and it is anticipated that it will continue to dominate during the projected period. It is anticipated that the availability of affordable products and rising customer acceptance of easy smoking will hasten industry expansion. According to a World Health Organization report from, Latvia saw an increase in the use of smokeless tobacco among young consumers from 9.1% to 18%. Also, the simplicity of these devices' use has boosted consumer acceptance, which is anticipated to be positive for the expansion of the market for smokeless cigarettes during the course of the projected period.
The fastest growing segment of the Global Smokeless Cigarettes Market by Product Type is non-electric segments. The non-electric segment, on the other hand, is anticipated to increase more quickly throughout the forecast period. The market for smokeless cigarettes is expected to continue to grow as people become more aware of how much safer e-cigarettes are than traditional cigarettes, especially among younger people. In March 2022, 18.9% of children in the United States will smoke cigarettes, compared to 39.4% who will use e-cigarettes, according to a U.S. Food and Drug Administration report.
Smokeless Cigarettes Market Analysis by Distribution Channels
The largest segment of the Global Smokeless Cigarettes Market by distribution channels is Offline segment. The main aspect driving smokeless cigarette value generation in 2021 will be their widespread availability in different retailers, supermarkets, and other retail outlets. For instance, Family Dollar, a network of retail establishments established in the United States, distributes Mistic e-cigarette products such starter kits, personal vaporizers or vape pens, flavour blends, and cartridges carrying different liquid concoctions. The ability for customers to test out and try out these products before making a purchase choice is another feature that is projected to drive the market over the course of the projection period.
The fastest growing segment of the Global Smokeless Cigarettes Market by distribution channels is Online segment. People are more likely to buy e-cigarettes online thanks to the advantages of competitive pricing, convenience, and access to a greater selection of goods provided by online marketplaces. The smokeless cigarette industry will be driven by the devices' internet accessibility in places including North America, Europe, and the Asia Pacific. For instance, in nations like India and the U.S., among others, Breather Supreme Herbal sells tobacco and nicotine-free cigarettes via e-commerce behemoth Amazon.
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North America is one of the dominating regions in the global Smokeless Cigarettes market. Due to the prominence of significant companies selling e-cigarettes and vaping goods on social media, such JUUL Labs Inc., North America accounted for the largest revenue share in 2022. The item is anticipated to grow in popularity in the region as more young people switch to smokeless cigarettes as a safer alternative to tobacco. The present restriction on several e-cigarette flavours in various U.S. distribution channels, however, is anticipated to partially restrain market growth. For instance, the U.S. Food and Drug Administration declared a ban on the internet selling of flavoured vapes.
Asia Pacific is expected to be the fastest-growing region in the global Smokeless Cigarettes market. The presence of well-known manufacturers of smokeless cigarette products in China, including Shenzhen Huaxinyu Technology Co., Ltd., Shenzhen Eroad Technology Co., Ltd., and Shenzhen Kindol Terminal Technology Co., Ltd., as well as the expansion of retail infrastructure facilities, are expected to support the expansion of the smokeless cigarette market in the region. Also, the availability of certified e-cigarettes from different health agencies, such the National Medical Products Administration (NMPA), as a preferable option to tobacco smoking, is anticipated to fuel market expansion in the region.
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Smokeless Cigarettes Market Drivers
Increasing health awareness
Regulatory environment
Smokeless Cigarettes Market Restraints
Regulations and legal restrictions
Limited awareness and acceptance
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Global Smokeless Cigarettes Market is highly competitive, with several major players operating in the industry. Due to the presence of numerous international and regional firms, the market for smokeless cigarettes is fragmented. To expand their customer base and foster brand loyalty, these competitors are actively pursuing new customers and conducting promotional campaigns.
Smokeless Cigarettes Market Top Player’s Company Profiles
Smokeless Cigarettes Market Recent Developments
Growing popularity of reduced-risk tobacco product
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates and Analyses the Data collected by means of Primary Exploratory Research backed by the robust Secondary Desk research.
According to our global Smokeless Cigarettes market analysis, the smokeless cigarettes market has seen significant growth in recent years, driven by a variety of factors including the shift towards reduced-risk tobacco products, increasing use of technology, and growing regulatory scrutiny. While the smokeless cigarettes market offers significant growth potential, there are also challenges that must be addressed. These include increasing regulatory scrutiny, potential negative public perception, and uncertainty about the long-term health effects of using smokeless cigarettes. These factors may pose challenges to the growth of the market, but they also create opportunities for companies that can successfully navigate these challenges. Overall, the smokeless cigarettes market is a dynamic and rapidly evolving segment of the tobacco industry. As the demand for reduced-risk tobacco products continues to grow, the market for smokeless cigarettes is expected to continue to expand, driven by new product innovations, changing consumer preferences, and evolving regulatory landscapes.
Report Metric | Details |
---|---|
Market size value in 2023 | USD 29.54 Billion |
Market size value in 2031 | USD 123.43 Billion |
Growth Rate | 17.22% |
Forecast period | 2024-2031 |
Forecast Unit (Value) | USD Billion |
Segments covered |
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Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
Companies covered |
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Customization scope | Free report customization with purchase. Customization includes:-
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Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the Smokeless Cigarettes Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Smokeless Cigarettes Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Smokeless Cigarettes Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Smokeless Cigarettes Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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Report ID: SQMIG30J2008
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