The global herbal heating sticks market is expected to grow at a CAGR of 6.7% during a forecast period of 2022-2030
— Insightace analysis
NEW JERSEY, NJ, USA, September 7, 2022 /EINPresswire.com/ — Insight Analytics Pvt. announces the publication of a market assessment report on the “Global Herbal Heat Sticks Market– by type of product (without nicotine and with nicotine), flavor (plain, mint, coffee, menthol, blueberry, lemon and others), distribution channel (retailers on the forecourt, tobacco specialist, convenience stores, online retailers, discounters, hypermarkets and supermarkets and others), trends, industry competition analysis, revenue and forecast to 2030.”
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According to the latest research from Insight Analytics, the Herbal heating sticks The market is expected to show a CAGR of 6.7% during a forecast period of 2022-2030.
Herbal Heat Sticks are herbal, tobacco-free products with significantly reduced health risks. For people who want to quit smoking but still enjoy the habit, herbal heat sticks are a safer and healthier alternative to tobacco. It has no odor or ash and does not emit any harmful combustion by-products. Adult smokers who want to quit smoking but still enjoy the real taste of tobacco and the high nicotine content, as well as the pleasure of smoking without the smoke or ash of cigarettes, have this alternative. It is made from a combination of several herbs and other plant substances.
Increased occurrence of tobacco-related conditions, expanding population, and rising rate of smoking among young people are the major reasons driving the market for herbal heat sticks. Other factors that are expected to accelerate the expansion of the market include increasing R&D expenditure for the creation of tobacco-free products and regulations prohibiting smoking in indoor public areas and workplaces. Moreover, market players are striving to create herbal cigarettes which is expected to accelerate the expansion of the market in the coming years. Additionally, educating people about the adverse health effects of tobacco use will encourage cigarette or tobacco addicts to switch to herbal heat sticks. However, specific adverse effects of herbal heating sticks could limit the market growth.
Asia-Pacific is expected to contribute to the herbal heating sticks market over the years. Market expansion in this region is driven by things like expanding R&D efforts to create safer and harmful smoking alternatives, public awareness of herbal heat sticks, and increasing number of smokers who quit. Additionally, the North American herbal heat sticks market is expected to grow significantly over the forecast period as the demand for tobacco-free products is increasing and tobacco-related disorders are very common.
Major market players operating in the herbal heating sticks market are Genmist, tqs flavor, CCOBATO (SHENZHEN) TECHNOLOGY CO. LTD, CIGOO Technology Co., Ltd., Darlings, Unicco, NEAFS Stick, TOFRE, JLV and Other Prominent Player
Recent collaborations and agreements on the market:
• In December 2021, a butter tobacco flavored heating stick was announced by Genmist. The brand new product has a traditional solid tobacco flavor and a smooth, delicate and creamy buttery flavor. It tastes and smells like delicious, strong butter.
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Global Herbal Heat Sticks Market, by Product Type, 2022-2030 (Value in Million US$)
• Nicotine free
• With nicotine
Global Herbal Heat Sticks Market, By Flavor, 2022-2030 (Value in Million US$)
Global Herbal Heat Sticks Market, By Distribution Channel, 2022-2030 (Value in Million US$)
• Retailers on the forecourt
• Tobacco specialist
• Convenience stores
• Online retailers
• Hypermarkets and supermarkets
Global Herbal Heat Sticks Market, by Region, 2022-2030 (Value in Million US$)
• North America
• Asia Pacific
• Latin America
• Middle East and Africa
North America Herbal Heat Sticks Market, by Country, 2022-2030 (Value in Million US$)
Europe Herbal Heat Sticks Market, by Country, 2022-2030 (Value in Million US$)
• Rest of Europe
Asia-Pacific Herbal Heat Sticks Market, by Country, 2022-2030 (Value in Million US$)
• South Korea
• Australia and New Zealand
Latin America Herbal Heat Sticks Market, by Country, 2022-2030 (Value in Million US$)
• Rest of Latin America
Middle East & Africa Herbal Heat Sticks Market, by Country, 2022-2030 (Value in Million US$)
• GCC countries
• South Africa
o Rest of the Middle East and Africa
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To analyze Herbal Heatsticks market drivers and challenges
For information on the Herbal Heatsticks market value (US$ Million) forecast to 2030
To gain insights on investments, mergers and acquisitions in the Herbal Heatsticks market industry
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