Global Heat Not Burn Cigarette Market Insights, Forecast to 2028

Heat Not Burn Cigarette uses an electric heating element to produce a smoke that contains nicotine, tar, other chemicals, and particulates. These products may match some of the behavioral aspects of conventional smoking. Tobacco companies claim these products are less harmful to consumers than other types of cigarettes, but "there is no evidence to demonstrate that HTPs are less harmful than conventional tobacco products", according to the World Health Organization.

There are products that take loose-leaf tobacco in a heated chamber; others require product-specific cigarettes. Products heating cigarettes using an external heat source[failed verification] first came to market in 1988, however they were not a commercial success. These products are being introduced by large tobacco companies.
Market Analysis and Insights: Global Heat Not Burn Cigarette Market
Due to the COVID-19 pandemic, the global Heat Not Burn Cigarette 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, Use Tobacco Stick accounting for % of the Heat Not Burn Cigarette global market in 2021, is projected to value US$ million by 2028, growing at a revised % CAGR in the post-COVID-19 period. While Supermarket segment is altered to an % CAGR throughout this forecast period.
China Heat Not Burn Cigarette market size is valued at US$ million in 2021, while the US and Europe Heat Not Burn Cigarette 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 Heat Not Burn Cigarette landscape, Germany is projected to reach US$ million by 2028 trailing a CAGR of % over the forecast period.
The global key manufacturers of Heat Not Burn Cigarette 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 Heat Not Burn Cigarette Scope and Segment
Heat Not Burn Cigarette market is segmented by Type and by Application. Players, stakeholders, and other participants in the global Heat Not Burn Cigarette 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
Use Tobacco Stick
Use Loose-leaf
Segment by Application
Supermarket
Tobacco Store
Online
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