Press release
The Heat not Burn Consumables Market is expected to grow at a CAGR of over 20% by 2025 | Arizton
With the increase in demand and the increasing awareness of health concerns, the HnB tobacco market is growing rapidly across the globe.HnB tobacco devices are emerging as the best alternative for tobacco. They have become popular with consumers since they are easy to use, safe, and adequately mimic the experience of smoking. Innovation and competition have produced a new generation of HnB products that are changing the tobacco landscape. The industry is growing rapidly in Europe, especially in the UK, Italy, Poland, and France. The HnB tobacco market will double in Western Europe during the forecast period. Although the share of HnB products is minuscule when compared to cigarettes, they are expected to grow. The HnB consumables market is expected to grow at a CAGR of over 20%. The demand for capsules and cartridges is growing with the increasing purchase of HnB devices.
Arizton's recent research report on the heat not burn (HnB) tobacco market cover sizing and forecast, share, industry trends, growth drivers, and vendor analysis. The study includes insights on the segmentation by Products (HnB Devices (direct/indirect heating & hybrid/infused) and Consumables (Tobacco capsules & cartridges and tobacco sticks)), Distribution (retail and online), and Geography (APAC, Europe, North America, Latin America, and Middle East & Africa).
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https://www.arizton.com/market-reports/heat-not-burn-tobacco-market-report
According to the analyst at Arizton, the global heat not burn tobacco market is expected to grow at a CAGR of over 22% during the period 2019-2025.
The following factors are likely to contribute to the growth of the heat not burn tobacco market during the forecast period:
Growth in Merger & Acquisition Activities
Increase in Investment Opportunities
Promotion via Social Marketing
Rise in the Techno Savvy population
The study considers the present scenario of the HnB tobacco market and its market dynamics for the period 2019-2025. It covers a detailed overview of several market growth enablers, restraints, and trends. The study offers both the demand and supply aspect of the market. It profiles and examines leading companies and other prominent ones operating in the market.
Key Vendors
Philip Morris International
Japan Tobacco International (JTI)
British American Tobacco
Imperial Brands
Other Prominent Vendors
KT&G Corp.
Eli Lilly and Company
RJ Reynolds Vapor Company (RJRVC)
Shenzhen AVBAD Technology Company Ltd.
Pax Labs, Vapor Tobacco Manufacturing
Shenzhen Royal Tobacco Industrial Limited (Royal Tobacco)
JOUZ
Shenzhen Yukan Intelligent Technology Co. Ltd.
Anlerr
HI TASTE
Shenzhen Kamry Technology
Yetr Amus
Shenzhen Yunxi Technology
AIIR Technology (Shenzhen)
Buddy Technology Development
Shenzhen Original Technology
Fog & Frog Technology (Shenzhen)
YanB Technology Shenzhen
Coeus
CCBATO
Dongguan Hawei Electronic Technology Limited
Dongguan Cigwin Technology
Shenzhen Keeptech Electronics
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https://www.arizton.com/market-reports/heat-not-burn-tobacco-market-report
About Arizton Advisory & Intelligence
Arizton - Advisory and Intelligence is an innovation and quality-driven firm, which offers cutting-edge research solutions to clients across the world. We excel in providing comprehensive market intelligence reports and advisory and consulting services.
Arizton has gained a paramount standpoint in the market research arena as it offers top of the line solutions to clients to assess market landscape and to finalize foolproof business strategies. We are committed to provide inclusive market research reports and consulting services to clients from diversified industries including -Consumer Goods & Retail Technology, Automotive and Mobility, Smart Tech, Healthcare and Lifesciences, Industrial Machinery, Chemicals and Materials, IT and Media, Logistics and Packaging
Arizton comprises a team of exuberant and well-experienced analysts who have mastered in generating incisive reports. Our specialist analysts possess exemplary skills in market research. We train our team in advanced research practices, techniques, and ethics to outperform in fabricating impregnable research reports.
Arizton Advisory & Intelligence
Chicago, Illinois, 60605
Mail: enquiry@arizton.com
Call: +1-312-235-2040
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