Heat Not Burn Tobacco Products Market Size, Share, Opportunities, COVID-19 Impact, And Trends By Type (Flame-Activated HTPs, Electronic HTPs), By Distribution Channel (Online, Offline), And By Geography – Forecasts From 2019 To 2024

Published:  Jun 2021 Report Code: KSI061612976 Pages: 90

Heat-not-Burn Tobacco Products (or Heated Tobacco Products) market is projected to grow at a CAGR of 23.06% during the forecast period, reaching a total market size of US$22.012 billion in 2024 from US$6.339 billion in 2018. ‘Heat not burn’ or ‘heated tobacco’ products are electronic devices that, unlike e-cigarettes, contain tobacco leaf and heat it to a high temperature by using electricity, without setting it alight. The devices heat tobacco to 350C (662F), far lower than traditional cigarettes that burn at temperatures up to 900C (1,652F). The heat produces a vapor that contains nicotine, chemicals, and other tobacco particles, also found in traditional tobacco smoke but in higher values. The market for heat not burn tobacco products is augmented by the increasing demand for tobacco products and increasing awareness about the use of no-smoke tobacco products. Additionally, the high advertising and promotion by the companies are also boosting the market demand. Moreover, the increasing investment in research and development is also supporting the market growth. However, the various legislation and regulatory responses and the lack of scientific evidence regarding heat not burn tobacco products is a concern for the market.

The “Heat Not Burn Tobacco Products Market – Forecasts from 2019 to 2024” is an exhaustive study that aims to present the key market trends through various chapters focusing on different aspects of the market. The study provides a detailed market overview through the market dynamics sections which detail key markets, drivers, restraints, and opportunities in the current market. The report analyzes key opportunity regional markets, and the current technology penetration through lifecycle analysis. The report also analyzes the market through comprehensive market segmentation by type, distribution channel, and geography.

The heat not burn tobacco products market has been segmented based on type, distribution channel, and geography. The market is segmented as flame-activated HTPs and electronic HTPs on the basis of type. Based on the distribution channel, the market is classified as online and offline.

Regional analysis has been provided with detailed analysis and forecast for the period 2018 to 2024. The global market has been broken down into North America, South America, Europe, the Middle East and Africa, and the Asia Pacific regions. The report also analyzes 15 countries across these regions with thorough analysis and forecast along with prevailing market trends and opportunities which each of these countries present for the manufacturers.

Major players in the heat not burn tobacco products market have been covered along with their relative competitive position and strategies. The report also mentions recent deals and investments of different market players over the last year. The company profiles section details the business overview, financial performance for the past three years, key products and services being offered along with the recent developments of these important players in the heat not burn tobacco products market.

Heat Not Burn Tobacco Products Market Scope:

Report Metric Details
 Market size value in 2018  US$6.339 billion
 Market size value in 2024  US$22.012 billion
 Growth Rate  CAGR of 23.06% from 2018 to 2024
 Base year  2018
 Forecast period  2019–2024
 Forecast Unit (Value)  USD Billion
 Segments covered  Type, Distribution Channel, And Geography
 Regions covered  North America, South America, Europe, Middle East and Africa, Asia Pacific
 Companies covered PHILIP MORRIS PRODUCTS S.A, JT International AG, British American Tobacco, Mysmok Electronic Technology Co., Ltd, Frog & Frog Technology
 Customization scope  Free report customization with purchase

 

Segmentation:

  • By Type
    • Flame-Activated HTPs
    • Electronic HTPs
  • By Distribution Channel
    • Online
    • Offline
  • By Geography
    • North America
      • USA
      • Canada
      • Mexico
    • South America
      • Brazil
      • Argentina
      • Others
    • Europe
      • Germany
      • France
      • United Kingdom
      • Others
    • Middle East and Africa
      • Israel
      • South Africa
      • Others
    • Asia Pacific
      • China
      • Japan
      • South Korea
      • India
      • Others

Frequently Asked Questions (FAQs)

Q1. What will be the heat not burn tobacco products market size by 2024?
A1. Heat-not-Burn Tobacco Products market is projected to reach a total market size of US$22.012 billion by 2024. 


Q2. What are the growth prospects for the heat not burn tobacco products market?
A2. The heat-not-burn tobacco products (or Heated Tobacco Products) market is projected to grow at a CAGR of 23.06% during the forecast period. 


Q3. What is the size of the global heat not burn tobacco products market?
A3. The heat-not-burn tobacco products market was valued at US$6.339 billion in 2018. 


Q4. How is the global heat not burn tobacco products market segmented?
A4. The heat not burn tobacco products market has been segmented based on type, distribution channel, and geography. 


Q5. What factors are anticipated to drive the heat not burn tobacco products market growth?
A5. The market for heat not burn tobacco products is augmented by the increasing demand for tobacco products and increasing awareness about the use of no-smoke tobacco products.

1. Introduction
1.1. Market Overview
1.2. Market Definition
1.3. Scope of the study
1.4. Currency
1.5. Assumptions
1.6. Base, and Forecast Years Timeline
 
2. Research methodology
2.1. Research Design
2.2. Secondary Sources
 
3. Executive Summary
 
4. Market Dynamics
4.1. Market Segmentation
4.2. Market Drivers
4.3. Market Restraints
4.4. Market Opportunities
4.5. Porter’s Five Forces Analysis
4.5.1. Bargaining Power of Suppliers
4.5.2. Bargaining Power of Buyers
4.5.3. Threat of New Entrants
4.5.4. Threat of Substitutes
4.5.5. Competitive Rivalry in the Industry
4.6. Life Cycle Analysis - Regional Snapshot
4.7. Market Attractiveness
 
5. Heat Not Burn Tobacco Market by Type
5.1. Flame-Activated HTPs
5.2. Electronic HTPs
 
6. Heat Not Burn Tobacco Market by Distribution Channel
6.1. Online
6.2. Offline
 
7. Heat Not Burn Tobacco Products Market by Geography
7.1. North America
7.1.1. USA
7.1.2. Canada
7.1.3. Mexico
7.2. South America
7.2.1. Brazil
7.2.2. Argentina
7.2.3. Others
7.3. Europe
7.3.1. Germany
7.3.2. France
7.3.3. United Kingdom
7.3.4. Spain
7.3.5. Others
7.4. Middle East and Africa
7.4.1. Israel
7.4.2. Saudi Arabia
7.4.3. Others
7.5. Asia Pacific
7.5.1. China
7.5.2. Japan
7.5.3. South Korea
7.5.4. India
7.5.5. Others
 
8. Competitive intelligence
8.1. Market Positioning Matrix and Ranking
8.2. Strategies of Key Players
8.3. Recent Investments and Deals 
 
9. Company Profiles
9.1. PHILIP MORRIS PRODUCTS S.A
9.2. JT International AG
9.3. British American Tobacco
9.4. Mysmok Electronic Technology Co., Ltd
9.5. Frog & Frog Technology

PHILIP MORRIS PRODUCTS S.A

JT International AG

British American Tobacco

Mysmok Electronic Technology Co., Ltd

Frog & Frog Technology

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