Hot Tobacco Market Size 2021-Industry Share, Growth, Trends, Revenue Analysis Report To 2030
The hot tobacco products market report describes and explains the global hot tobacco products market and covers 2015 to 2020, termed the historic period, and 2020 to 2025 termed the forecast period, along with further forecasts for the period 2025-2030. The report evaluates the market across each region and for the major economies within each region.
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The hot tobacco products market consists of sales of hot tobacco products and its related services. Hot tobacco is also known as heated tobacco or heat-not-burn tobacco or hybrid tobacco. Heated Tobacco Products (HTPs) produce aerosols containing nicotine and other chemicals, which are inhaled by users through the mouth. These use specific tobacco products to be heated at temperatures below combustion levels. Hot tobacco products release flavors with nicotine and allow the user to enjoy tobacco without combustion.
The global hot tobacco market is expected grow from $7.53 billion in 2020 to $10.63 billion in 2021 at a compound annual growth rate (CAGR) of 41.2%. The growth is mainly due to the companies resuming their operations and adapting to the new normal while recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $42.41 billion in 2025 at a CAGR of 41%.
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Some of the major players of hot tobacco products market are Philip Morris International, Japan Tobacco International (JTI), British American Tobacco, Imperial Brands, 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.
The countries covered in the hot tobacco products market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
The regions covered in the hot tobacco products market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The global hot tobacco products market is segmented –
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
Read More On The Global Hot Tobacco Products Market Report:
Few Points From Table Of Content
1. Executive Summary
2. Hot Tobacco Products Market Characteristics
3. Hot Tobacco Products Market Trends And Strategies
4. Impact Of COVID-19 On Hot Tobacco Products
5. Hot Tobacco Products Market Size And Growth
26. Africa Hot Tobacco Products Market
27. Hot Tobacco Products Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Hot Tobacco Products Market
29. Hot Tobacco Products Market Future Outlook and Potential Analysis
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