Next-Generation Tobacco Product Market Top Players - Adris grupa, Altadis, Altria Group Inc., American electronic cigarette company, Arnold André GmbH & Co. KG

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

InsightAce Analytic Pvt. Ltd. publishes the release of a market assessment report on "Global Next-Generation Tobacco Product Market- By Trends, Industry Competition Analysis, Company Profiles, Revenue and Forecast Till 2030."

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The global market for next-generation tobacco products is projected to grow at a promising compound annual growth rate (CAGR) of 11.8% from 2022 to 2030, from an estimated value of US$24.83 billion in 2021to US$67.38 billion in 2030, according to the most recent research report.
The The main active component in tobacco products that prevents people from becoming addicted to smoke is nicotine. The World Health Organization (WHO) estimates that tobacco use kills over 8 million people annually. Manufacturers of tobacco products have responded to this by introducing innovative products that lower the risk of diseases linked to tobacco use. For example, Philip Morris announced the release of IQOS in May 2019. The product has been promoted as a cigarette substitute. This electronic device creates an aerosol that contains nicotine by heating sticks of tobacco wrapped in paper.
Over the course of the projection period,the market is expected to rise as a result of leading players' rising investments in the development of promising next-generation tobacco products. Additionally, raising knowledge of the negative health effects of tobacco use will encourage cigarette ortobacco addicts to switch to next-generation tobacco products.

The high prevalence of tobacco-related diseases, the growing demand for next-generation tobacco products, the rising use of tobacco products by females and students, and the rising investments in the development of new tobacco products are the main factors propelling the market for next- generation tobacco products. generation tobacco products. The Market for next-generation tobacco products will also rise throughout the projected period due to factors such as population growth, rising health consciousness, and laws that forbid smoking in indoor public areas and workplaces. The market expansion is, however, constrained by some adverse effects of next-generation tobacco products. COVID-19 pandemic's stringent lockdown measures have hindered market expansion. to factors like increased government spending on tobacco product research and development, growing rates of tobacco cessation, increased demand for e-cigarettes and vapes, and increased awareness of Next-Generation tobacco products, the Asia-Pacific region leads the market in terms of revenue at the regional level. However, given the rising rates of smoking-related disorders, the growing demand for next-generation tobacco products, and the growing investments in these products, the North Americanand European markets are predicted to expand at a faster ratethe years to come.

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Strategies like novel product innovations, partnerships, collaborations, merger, expansions, arranging smoking cessation campaigns, and increasing awareness about the Next-Generation tobacco products are aiding market players in growing their businesses.

The prominent players in the Next-Generation tobacco product industry include:
Adris grupa, Altadis, Altria Group Inc., American electronic cigarette company, Arnold André GmbH & Co. KG, British American Tobacco (BAT), 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), G.N. Tobacco Sweden AB, Gotlands Snus AB, Gudang Garam, Hay Island Holding Corporation, Healthier Choices Management Corp (Ruthless Vapor Corp), House of Oliver Twist A/S, Imperial Brands, Indian Tobacco Company (ITC) Limited., International Vapor Group, ITC Limited, J Well France, Japan Tobacco Inc., J.T. International AG, Juul Labs Inc, Korea Tobacco (KT&G), Lorillard Tobacco Company, MAHAK Group, Manikchand Group, MCIG Inc., Mighty, Nerudia, Nicotek Llc., NJOY Inc, P.T. Karyadibya Mahardhika, Pax Labs, Philip Morris International (PMI), Ploom TECH, R.J. Reynolds Vapor Company, Reemtsma Cigarettenfabriken GmbH, Reynolds American Inc., Rothmans, Ruyan, Sarajevo Tobacco Factory, Scandinavian Tobacco Group, Swedish Match AB, Swisher, Taboca AS, Turning Point Brands, Universal Corporation, V2 Tobacco, Vapor Hub International, Inc., VMR Products LLC, and other prominent products.

Key Industry Developments from Leading Players:
• In Oct 2021, the Food and Drug Administration granted electronic cigarette and related items to remain on the market in the United States. R.J. Reynolds Vapor Company received approval for their Vuse Solo electronic nicotine delivery system device and tobacco-flavoured e-liquid pods.
• In July 2021, Philip Morris International Inc. (PMI) has agreed to acquire Fertin Pharma A/S (Fertin Pharma). Fertin's wide portfolio of technologies, expanding business mix, and world-class experience will enhance innovation pipeline and capabilities, enabling PMI to achieve its aim of increasing net revenues from smoke-free products by offering speed and scale in oral administration
• In July 2021, To meet the increased demand for oral and vaping products in the U.S. and E.U. markets, ITC is diversifying its tobacco business by manufacturing and exporting nicotine and nicotine-derivative products. IndiVision, the company's wholly-owned subsidiary, has received the essential regulatory licences to build a facility near Mysuru, Karnataka.
• In July 2020, Altria Group, Inc. announced that the U.S. FDA (Food and Drug Administration) authorized the marketing of the IQOS tobacco heating system product as a modified risk tobacco product with a reduced exposure claim. IQOS is the next-generation inhalable tobacco product to be authorized as a modified risk tobacco product.

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Market Segments
Market Size (Value US$ Bn)-Trend Analyses and Forecasts, 2020 to 2030 based on Device Type
• e-Cigarettes
• Vaps
• Mods
• e-Hookahs
• Pens
• Other Device Type
Market Size (Value US$ Bn)-Trend Analyses and Forecasts, 2020 to 2030 based on System
• Open Vaping System
• Closed Vaping System
• Semi-Closed System
• Other System
Market Size (Value US$ Bn)-Trend Analyses and Forecasts, 2020 to 2030 based on Product Type
• Tobacco Heating Products
• Vapour Products
• Snus Products
• Other Product Type
Market Size (Value US$ Bn)-Trend Analyses and Forecasts, 2020 to 2030 based on Component
• Atomizer
• Vape Mod
• Cartomizer
• E-liquid
• Battery
• Other Component
Market Size (Value US$ Bn)-Trend Analyses and Forecasts, 2020 to 2030 based on Distribution Channel
• Online Buying
• Retail Stores
• Convenience Store
• Drug Store
• Newsstand
• Tobacconist Store
• Specialty E-cigarette Store
• Other Distribution Channel
Market Size (Value US$ Bn)-Trend Analyses and Forecasts , 2020 to 2030 based on Age Group
• 18-30 Age Group
• 31-44 Age Group
• 45-60 Age Group
• 61 & Above Age Group
Market Size (Value US$ Bn)-Trend Analyses and Forecasts, 2020 to 2030 based on Region
• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa
North America Next-Generation tobacco product market revenue (US$ Billion) by Country, 2020 to 2030
• The U.S.
• Canada
Europe Next-Generation tobacco product market revenue (US$ Billion) by Country, 2020 to 2030
• Germany
• France
• Italy
• Spain
• Russia
• Rest of Europe
Asia Pacific Next-Generation tobacco product market revenue (US$ Billion) by Country, 2020 to 2030
• India
• China
• Japan
• South Korea
• Australia & New Zealand
Latin America Next-Generation tobacco product market revenue (US$ Billion) by Country, 2020 to 2030
• Brazil
• Mexico
• Rest of Latin America

The Middle East & Africa Next-Generation tobacco product market revenue (US$ Billion) by Country, 2020 to 2030
• GCC Countries
• South Africa
• Rest of the Middle East & Africa

Why should buy the full report:
 To receive comprehensive market insights into the prospects for the global Next-Generation tobacco product market
 To receive industry overview and future trends of global Next-Generation tobacco product market
 To analyze the Next-Generation tobacco product market drivers and challenges
 To get information on Next-Generation tobacco product market size value (US$ Bn) forecast till 2030
 Major Investments, Mergers & Acquisition in global Next-Generation tobacco product market industry

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