The Business Research Company’s Hot Tobacco Global Market Report 2023 is the most detailed report available on the market, including broad forecast periods and multiple geographies. The report covers the historic period – 2010-2021, and the forecast period – 2023-2032. The Hot Tobacco Global Market Report 2023 evaluates hot tobacco market size, growth rate, drivers, trends, and major companies.
The report provides a global perspective by covering 60 geographies and focusing on major economies in each region – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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The global hot tobacco market is expected to grow from $37,839.6 million in 2027 at a rate of 25.0%. The market is then expected to grow at a CAGR of 23.0% from 2027 and reach $106,594.4 million in 2032.
The growing investment in new product launches by companies in the market will help the market grow in future. Smoking cigarettes contributes to the development of numerous diseases, including asthma, cardiovascular disease (CVD), lung cancer, and COPD (chronic obstructive pulmonary disease). Due to the constantly underlined traditional cigarette smoking health risks, major tobacco companies have recently developed and began advertising alternative nicotine products, such as heat-not-burn cigarettes, which are tobacco companies’ latest products that do not burn tobacco. Therefore, the use of heat-not-burn tobacco products (HnB) is being adopted increasingly as an alternative to smoking combusted products, primarily cigarettes, and to meet the growing demand companies are launching new products. For example, in November 2022, Philip Morris International (PMI), a US-based tobacco company, launched a more affordable version of the company’s leading heated tobacco product BONDS by IQOS to accelerate the achievement of a smoke-free future. Like all the smoke-free products, BONDS?by?IQOS?is intended for adults who would otherwise continue smoking and are looking for better alternatives.
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The hot tobacco market segments in the report are:
1) By Product: Hnb Tobacco Devices; Direct/Indirect Heating Hnb Tobacco; Infused/Hybrid Hnb Tobacco Devices; Hnb Tobacco Consumables; Hnb Tobacco Sticks; Hnb Tobacco Capsules; Cartridges
2) By Type: Devices; Capsules; Vaporizers
3) By Distribution Channel: Retail Stores; Online
The table of contents in TBRC’s hot tobacco market report includes:
- Executive Summary
- Table Of Contents
- List Of Figures
- List Of Tables
- Report Structure
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- Competitive Landscape And Company Profiles
- Key Mergers and Acquisitions
- Opportunities And Strategies
- Hot Tobacco Market, Conclusions And Recommendations
- Appendix
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