Insights on the Global Heat-not-burn Tobacco Products Market, Drivers, Restraints, Opportunities, and Threats - Technavio

NEW YORK, Sept. 21, 2022 /PRNewswire/ -- The heat-not-burn tobacco products market is expected to grow by USD 22.22 billion, at a CAGR of  26.21% during the forecast period. The cost-effectiveness of heat-not-burn tobacco products, heat-not-burn tobacco products are relatively safer than conventional cigarettes, and a growing number of organized retailing outlets is one of the major factors propelling the market growth.

However, factors such as the rising popularity of smokeless tobacco products, distribution challenges, and increasing promotional activities by vendors will hamper the market growth. Request Free Sample Report.

Heat-not-burn Tobacco Products Market Geography Landscape

APAC will account for 41% of market growth. The main markets in APAC for heat-not-burn tobacco products are Japan and China. This region's market will grow more quickly than other regions' markets. Over the projection period, cost-effectiveness will assist market expansion in APAC. The report extensively covers heat-not-burn tobacco products market segmentation by product (devices, capsules, and vaporizers) and geography (APAC, North America, Europe, South America, and MEA).

Heat-not-burn Tobacco Products Market Segmentation

The capsules sector will significantly increase its market share of heat-not-burn tobacco products. The second-largest product category on the global market is heat-not-burn tobacco capsules. The market for heat-not-burn tobacco capsules is highly consolidated, with only a few local and international suppliers.

The global market for heat-not-burn tobacco capsules will expand during the projected period as a result of rising organized retailing outlets around the world and increased consumer awareness of the benefits of utilizing heat-not-burn tobacco products. Buy Sample Report.

The market is fragmented and the vendors are deploying various organic and inorganic growth strategies to compete in the market. 

The growing competition in the market is compelling vendors to adopt various growth strategies such as promotional activities and spending on advertisements to improve the visibility of their services. Some vendors are also adopting inorganic growth strategies such as M&As to remain competitive in the market.   

Companies Covered:
  • Altria Group Inc.
  • Ballantyne Brands LLC
  • British American Tobacco Plc
  • Imperial Brands Plc
  • Japan Tobacco Inc.
  • Korea Tobacco & Ginseng Corp.
  • PAX Labs Inc.
  • Philip Morris International Inc.
  • Shenzhen Yukan Technology Co. Ltd.
  • Vapor Tobacco Manufacturing LLC

Find additional highlights on the growth strategies adopted by vendors and their product offerings, Download Free Sample Report.

What our reports offer:
  • Market share assessments for the regional and country-level segments
  • Strategic recommendations for the new entrants
  • Market trends (drivers, opportunities, threats, challenges, investment opportunities, and recommendations)
  • Strategic recommendations in key business segments based on the market estimations
  • Competitive landscaping mapping the key common trends
  • Company profiling with detailed strategies, financials, and recent developments
  • Supply chain trends mapping the latest technological advancements
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Heat-not-burn Tobacco Products Market Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Accelerate at a CAGR of 26.21%

Market growth 2021-2025

$ 22.22 billion

Market structure

Concentrated

YoY growth (%)

20.91

Regional analysis

APAC, North America, Europe, South America, and MEA

Performing market contribution

APAC at 41%

Key consumer countries

US, Japan, Italy, and China

Competitive landscape

Leading companies, competitive strategies, consumer engagement scope

Companies profiled

Altria Group Inc., Ballantyne Brands LLC, British American Tobacco Plc, Imperial Brands Plc, Japan Tobacco Inc., Korea Tobacco & Ginseng Corp., PAX Labs Inc., Philip Morris International Inc., Shenzhen Yukan Technology Co. Ltd., and Vapor Tobacco Manufacturing LLC

Market Dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, and market condition analysis for the forecast period.

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

Browse for Technavio "Consumer Staples" Research Reports

Table of Contents

1 Executive Summary

2 Market Landscape

  • 2.1 Market ecosystem 
    • Exhibit 01: Parent market
    • Exhibit 02: Market characteristics
  • 2.2 Value chain analysis 
    • Exhibit 03: Value chain analysis: Tobacco market

3 Market Sizing

  • 3.1 Market definition 
    • Exhibit 04: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis 
    • Exhibit 05: Market segments
  • 3.3 Market size 2020
  • 3.4 Market outlook: Forecast for 2020 - 2025
    • Exhibit 06: Global - Market size and forecast 2020 - 2025 ($ million)
    • Exhibit 07: Global market: Year-over-year growth 2020 - 2025 (%)

4 Five Forces Analysis

  • 4.1 Five forces analysis 2020 & 2025 
    • Exhibit 08: Five forces analysis 2020 & 2025
  • 4.2 Bargaining power of buyers 
    • Exhibit 09: Bargaining power of buyers
  • 4.3 Bargaining power of suppliers 
    • Exhibit 10: Bargaining power of suppliers
  • 4.4 Threat of new entrants 
    • Exhibit 11: Threat of new entrants
  • 4.5 Threat of substitutes 
    • Exhibit 12: Threat of substitutes
  • 4.6 Threat of rivalry 
    • Exhibit 13: Threat of rivalry
  • 4.7 Market condition 
    • Exhibit 14: Market condition - Five forces 2020

5 Market Segmentation by Product

  • 5.1 Market segments 
    • Exhibit 15: Product - Market share 2020-2025 (%)
  • 5.2 Comparison by Product 
    • Exhibit 16: Comparison by Product
  • 5.3 Devices - Market size and forecast 2020-2025
    • Exhibit 17: Devices - Market size and forecast 2020-2025 ($ million)
    • Exhibit 18: Devices - Year-over-year growth 2020-2025 (%)
  • 5.4 Capsules - Market size and forecast 2020-2025
    • Exhibit 19: Capsules - Market size and forecast 2020-2025 ($ million)
    • Exhibit 20: Capsules - Year-over-year growth 2020-2025 (%)
  • 5.5 Vaporizers - Market size and forecast 2020-2025
    • Exhibit 21: Vaporizers - Market size and forecast 2020-2025 ($ million)
    • Exhibit 22: Vaporizers - Year-over-year growth 2020-2025 (%)
  • 5.6 Market opportunity by Product 
    • Exhibit 23: Market opportunity by Product

6 Customer landscape

7 Geographic Landscape

  • 7.1 Geographic segmentation 
    • Exhibit 25: Market share by geography 2020-2025 (%)
  • 7.2 Geographic comparison 
    • Exhibit 26: Geographic comparison
  • 7.3 APAC - Market size and forecast 2020-2025
    • Exhibit 27: APAC - Market size and forecast 2020-2025 ($ million)
    • Exhibit 28: APAC - Year-over-year growth 2020-2025 (%)
  • 7.4 North America - Market size and forecast 2020-2025
    • Exhibit 29: North America - Market size and forecast 2020-2025 ($ million)
    • Exhibit 30: North America - Year-over-year growth 2020-2025 (%)
  • 7.5 Europe - Market size and forecast 2020-2025
    • Exhibit 31: Europe - Market size and forecast 2020-2025 ($ million)
    • Exhibit 32: Europe - Year-over-year growth 2020-2025 (%)
  • 7.6 MEA - Market size and forecast 2020-2025
    • Exhibit 33: MEA - Market size and forecast 2020-2025 ($ million)
    • Exhibit 34: MEA - Year-over-year growth 2020-2025 (%)
  • 7.7 South America - Market size and forecast 2020-2025
    • Exhibit 35: South America - Market size and forecast 2020-2025 ($ million)
    • Exhibit 36: South America - Year-over-year growth 2020-2025 (%)
  • 7.8 Key leading countries 
    • Exhibit 37: Key leading countries
  • 7.9 Market opportunity by geography 
    • Exhibit 38: Market opportunity by geography ($ million)

8 Drivers, Challenges, and Trends

  • 8.1 Market drivers
  • 8.2 Market challenges
  • 8.3 Stringent regulations on heat-not-burn tobacco products worldwide 
    • Exhibit 39: Impact of drivers and challenges
  • 8.4 Market trends

9 Vendor Landscape

  • 9.1 Overview 
    • Exhibit 40: Vendor landscape
  • 9.2 Landscape disruption 
    • Exhibit 41: Landscape disruption
    • Exhibit 42: Industry risks

10 Vendor Analysis

  • 10.1 Vendors covered
  • 10.2 Market positioning of vendors 
    • Exhibit 44: Market positioning of vendors
  • 10.3 Altria Group Inc. 
    • Exhibit 45: Altria Group Inc. - Overview
    • Exhibit 46: Altria Group Inc. - Business segments
    • Exhibit 47: Altria Group Inc. - Key offerings
    • Exhibit 48: Altria Group Inc. - Segment focus
  • 10.4 British American Tobacco Plc 
    • Exhibit 49: British American Tobacco Plc - Overview
    • Exhibit 50: British American Tobacco Plc - Business segments
    • Exhibit 51: British American Tobacco plc - Key news
    • Exhibit 52: British American Tobacco Plc - Key offerings
    • Exhibit 53: British American Tobacco Plc - Segment focus
  • 10.5 Fog and Frog Technology (Shenzhen) Co. Ltd.
    • Exhibit 54: Fog and Frog Technology (Shenzhen) Co. Ltd. - Overview
    • Exhibit 55: Fog and Frog Technology (Shenzhen) Co. Ltd. - Product and service
    • Exhibit 56: Fog and Frog Technology (Shenzhen) Co. Ltd. - Key offerings
  • 10.6 Imperial Brands Plc 
    • Exhibit 57: Imperial Brands Plc - Overview
    • Exhibit 58: Imperial Brands Plc - Business segments
    • Exhibit 59: Imperial Brands Plc - Key offerings
    • Exhibit 60: Imperial Brands Plc - Segment focus
  • 10.7 Japan Tobacco Inc. 
    • Exhibit 61: Japan Tobacco Inc. - Overview
    • Exhibit 62: Japan Tobacco Inc. - Business segments
    • Exhibit 63: ?Japan Tobacco Inc. - Key news
    • Exhibit 64: Japan Tobacco Inc. - Key offerings
    • Exhibit 65: Japan Tobacco Inc. - Segment focus
  • 10.8 KT and G Corp. 
    • Exhibit 66: KT and G Corp. - Overview
    • Exhibit 67: KT and G Corp. - Business segments
    • Exhibit 68: KT and G Corp. - Key offerings
    • Exhibit 69: KT and G Corp. - Segment focus
  • 10.9 Mysmok Electronic Technology Co. Ltd. 
    • Exhibit 70: Mysmok Electronic Technology Co. Ltd. - Overview
    • Exhibit 71: Mysmok Electronic Technology Co. Ltd. - Product and service
    • Exhibit 72: Mysmok Electronic Technology Co. Ltd. - Key offerings
  • 10.10 Pax Labs Inc. 
    • Exhibit 73: Pax Labs Inc. - Overview
    • Exhibit 74: Pax Labs Inc. - Product and service
    • Exhibit 75: Pax Labs Inc. - Key offerings
  • 10.11 Philip Morris International Inc. 
    • Exhibit 76: Philip Morris International Inc. - Overview
    • Exhibit 77: Philip Morris International Inc. - Business segments
    • Exhibit 78: Philip Morris International Inc. - Key news
    • Exhibit 79: Philip Morris International Inc. - Key offerings
    • Exhibit 80: Philip Morris International Inc. - Segment focus
  • 10.12 Shenzhen Yukan Technology Co. Ltd. 
    • Exhibit 81: Shenzhen Yukan Technology Co. Ltd. - Overview
    • Exhibit 82: Shenzhen Yukan Technology Co. Ltd. - Product and service
    • Exhibit 83: Shenzhen Yukan Technology Co. Ltd. - Key offerings

11 Appendix

  • 11.1 Scope of the report
  • 11.2 Currency conversion rates for US$ 
    • Exhibit 84: Currency conversion rates for US$
  • 11.3 Research methodology 
    • Exhibit 85: Research Methodology
    • Exhibit 86: Validation techniques employed for market sizing
    • Exhibit 87: Information sources
  • 11.4 List of abbreviations 
    • Exhibit 88: List of abbreviations
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