Market Analysis and Insights: Global Smoke-Free Products Market
Due to the COVID-19 pandemic, the global Smoke-Free Products market size is estimated to be worth US$ million in 2022 and is forecast to a readjusted size of US$ million by 2028 with a CAGR of % during the review period. Fully considering the economic change by this health crisis, Heat-not-burn Tobacco Product (HNB) accounting for % of the Smoke-Free Products global market in 2021, is projected to value US$ million by 2028, growing at a revised % CAGR in the post-COVID-19 period. While Male segment is altered to an % CAGR throughout this forecast period.
China Smoke-Free Products market size is valued at US$ million in 2021, while the US and Europe Smoke-Free Products are US$ million and US$ million, severally. The proportion of the US is % in 2021, while China and Europe are % and % respectively, and it is predicted that China proportion will reach % in 2028, trailing a CAGR of % through the analysis period. Japan, South Korea, and Southeast Asia are noteworthy markets in Asia, with CAGR %, %, and % respectively for the next 6-year period. As for the Europe Smoke-Free Products landscape, Germany is projected to reach US$ million by 2028 trailing a CAGR of % over the forecast period.
The global key manufacturers of Smoke-Free Products include Philip Morris International, British American Tobacco, Japan Tobacco, Imperial Brands, Altria, China tobacco, Korea Tobacco & Ginseng Corporation, American electronic cigarette company and VMR Products. etc. In 2021, the global top five players have a share approximately % in terms of revenue.
Global Smoke-Free Products Scope and Segment
Smoke-Free Products market is segmented by Type and by Application. Players, stakeholders, and other participants in the global Smoke-Free Products market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on sales, revenue and forecast by Type and by Application for the period 2017-2028.
Segment by Type
Heat-not-burn Tobacco Product (HNB)
E-cigarette
Segment by Application
Male
Female
By Company
Philip Morris International
British American Tobacco
Japan Tobacco
Imperial Brands
Altria
China tobacco
Korea Tobacco & Ginseng Corporation
American electronic cigarette company
VMR Products
By Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
Taiwan
Indonesia
Thailand
Malaysia
Philippines
Vietnam
Latin America
Mexico
Brazil
Argentina
Middle East & Africa
Turkey
Saudi Arabia
U.A.E