Smokeless Cigarettes Market Size, Share, Growth Analysis, By Product Type(Non-Electric and Electric), By Distribution Channels(Offline and Online), By Region - Industry Forecast 2024-2031

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.