Next Generation Tobacco Product Market Next-Gen Revolution Poised for Explosive Growth

Next Generation Tobacco Product Market worth $ 67.38 Billion by 2030 - Exclusive Report by InsightAce Analytic

InsightAce Analytic Pvt. Ltd. announces the release of a market assessment report on the "Global Next Generation Tobacco Product Market- by Device Type (e-Cigarettes, Vaps, Mods, e-Hookahs, Pens, and Other Device Type), System (Open Vaping System, Closed Vaping System, Semi-Closed System, and Other System), Product Type

(Tobacco Heating Products, Vapour Products, Snus Products, and Other Product Types), Component (Atomizer, Vape Mod, Cartomizer, E-liquid, Battery, and Other Component), Distribution Channel (Online Buying, Retail Stores, Convenience Store, Drug Store, Newsstand, Tobacconist Store, Specialty E-cigarette Store, and Other Distribution Channel), Age Group (18-30 Age Group, 31-44 Age Group, 45-60 Age Group, 61 & Above Age Group), Trends, Industry Competition Analysis, Revenue and Forecast To 2030."

Get a free sample copy of the report: https://www.insightaceanalytic.com/request-sample/1201

The global market for next-generation tobacco products will be worth US$ 24.83 billion in 2021. It is projected to grow at a compound annual growth rate (CAGR) of 11.8% between 2022 and 2030, according to the most recent analysis by InsightAce Analytic. Nicotine is the primary ingredient in tobacco products that prevents smokers from giving up.

According to estimates from the World Health Organization (WHO), tobacco usage results in the deaths of over 8 million people each year. To combat this, manufacturers of tobacco products have been launching cutting-edge strategies to reduce the likelihood of illnesses associated with tobacco use. Next-generation products are better than traditional products like cigarettes because they can lower the risk of tobacco-related diseases by preventing the inhalation of toxicants.

These products are designed to simulate tobacco smoking. The demand for next-generation tobacco products is rising as more items hit the market. The expansion of next-generation tobacco products is also significantly impacted during the projection period by the easy availability of high-quality goods. The demand for next-generation tobacco products is expected to grow throughout the projection period because of the quick development and commercialization of items, including snus, vapour products, and tobacco heating devices.

Investments in next-generation tobacco products are expected to soar over the projected period, as is the consumption of tobacco products by females and students. The market for next-generation tobacco products is now seeing significant demand because of rising consumer disposable income. The rapidly increasing consumer knowledge and product awareness, along with the shifting consumer opinions about their preference for less harmful tobacco products, will also present a significant growth opportunity for the next-generation tobacco product industry.

Over the forecast years, the Asia Pacific region is expected to contribute significantly to the market for next-generation tobacco products due to several factors, including rising government funding for R&D on tobacco products, increased public awareness of these products, the rising rate of tobacco cessation, and significant demand for e-cigarettes and vapes. Furthermore, taking into account growing investments in upcoming technologies, rising demand for tobacco products, and rising prevalence of smoking-related disorders, the North American market for next-generation tobacco products is anticipated to increase significantly over the forecast period.

Next Generation Tobacco Product Market: Poised for Growth Despite Regulatory Scrutiny

Major market players include:
China National Tobacco Corporation
Davidoff
Dharampal Satyapal
DS Group
Eastern Tobacco Company
Fiedler & Lundgren AB
FIN Branding Group LLC.
Gajane AB
Global Horizon Ventures Limited (GHVL)
GN Tobacco Sweden AB
Gotlands Snus AB
Gudang Garam
Hay Island Holding Corporation
Healthier Choices Management Corp (Ruthless Vapor Corp)
Imperial Brands PLC
Indian Tobacco Company (ITC) Limited
International Vapor Group
ITC Limited
J Well France
Japan Tobacco Inc.
JT International AG
Juul Labs Inc (defunct)
Korea Tobacco & Ginseng Corporation (KT&G)
Philip Morris International (PMI)
R.J. Reynolds Vapor Company
Scandinavian Tobacco Group
Swedish Match AB
Turning Point Brands
Universal Corporation
And other prominent companies

Recent collaborations and agreements in the market:

• In October 2021, The Food and Drug Administration allowed electronic cigarettes and associated products to continue to be sold in the US. Tobacco-flavoured e-liquid pods and the Vuse Solo electronic nicotine delivery system device from R.J. Reynolds Vapor Company has been approved.

• In July 2021, Fertin Pharma A/S will be purchased by Philip Morris International Inc. (PMI) (Fertin Pharma). PMI will be able to accomplish its goal of boosting net revenues from smoke-free products by offering speed and scalability in oral administration, owing to Fertin's broad portfolio of technologies, expanding business mix, and world-class experience.

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Market Segments
Global Next Generation Tobacco Product Market, by Device Type, 2022-2030 (Value US$ Mn)

• e-Cigarettes
• Vaps
• Mods
• e-Hookahs
• Pens
• Other Device Type

Global Next Generation Tobacco Product Market, by System, 2022-2030 (Value US$ Mn)

• Open Vaping System
• Closed Vaping System
• Semi-Closed System
• Other System

Global Next Generation Tobacco Product Market, by Product Type, 2022-2030 (Value US$ Mn)

• Tobacco Heating Products
• Vapour Products
• Snus Products
• Other Product Type

Global Next Generation Tobacco Product Market, by Component, 2022-2030 (Value US$ Mn)

• Atomizer
• Vape Mod
• Cartomizer
• E-liquid
• Battery
• Other Component

Global Next Generation Tobacco Product Market, by Distribution Channel, 2022-2030 (Value US$ Mn)

• Online Buying
• Retail Stores
• Convenience Store
• Drug Store
• Newsstand
• Tobacconist Store
• Specialty E-cigarette Store
• Other Distribution Channel

Global Next Generation Tobacco Product Market, by Age Group, 2022-2030 (Value US$ Mn)

• 18-30 Age Group
• 31-44 Age Group
• 45-60 Age Group
• 61 & Above Age Group

Global Next Generation Tobacco Product Market, by Region, 2022-2030 (Value US$ Mn)

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa

North America Next Generation Tobacco Product Market, by Country, 2022-2030 (Value US$ Mn)

• U.S.
• Canada

Europe Next Generation Tobacco Product Market, by Country, 2022-2030 (Value US$ Mn)

• Germany
• France
• Italy
• Spain
• Russia
• Rest of Europe

Asia Pacific Next Generation Tobacco Product Market, by Country, 2022-2030 (Value US$ Mn)

• India
• China
• Japan
• South Korea
• Australia & New Zealand

Latin America Next Generation Tobacco Product Market, by Country, 2022-2030 (Value US$ Mn)

• Brazil
• Mexico
• Rest of Latin America

Middle East & Africa Next Generation Tobacco Product Market, by Country, 2022-2030 (Value US$ Mn)

• GCC Countries
• South Africa
• Rest of Middle East & Africa

Why should buy this report:

 To receive a comprehensive analysis of the prospects for the global Next Generation Tobacco Product market
 To receive an industry overview and future trends of the Next Generation Tobacco Product market
 To analyze the Next Generation Tobacco Product market drivers and challenges
 To get information on the Next Generation Tobacco Product market value (US$Mn) forecast to 2030
 Significant investments, mergers & acquisitions in the Next Generation Tobacco Product market industry

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