Hot tobacco market
The Business Research Company offers “Global Hot Tobacco Market Report 2021 – By Product (HNB Tobacco Devices, Direct / Indirect Heating HnB Tobacco, Infused / Hybrid HnB Tobacco Devices, HnB Tobacco Consumables, HnB Tobacco Sticks, HnB tobacco capsules and cartridges), by Type (devices, capsules, vaporizers), by distribution channel (retail stores, online), COVID-19 growth and change “in its research reports store. This is the most comprehensive report available in this market and will help you gain a truly global perspective as it covers 60 geographies. The regional and country breakdown section gives an analysis of the market in each geographic area and the market size by region and country. It also compares historical and forecast market growth and highlights important trends and strategies that market players can adopt.
The Hot Tobacco Products Market report describes and explains the global Hot Tobacco Products market and covers 2015 to 2020 as the historical period, and 2020 to 2025 as the forecast period, along with other forecast for the period 2025-2030. The report assesses the market in each region and for the major economies in each region.
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The market for hot tobacco products consists of sales of hot tobacco products and its related services. Hot tobacco is also known as heated tobacco or non-smoldering tobacco or hybrid tobacco. Heated tobacco products (HTP) produce aerosols containing nicotine and other chemicals, which are inhaled by users through the mouth. These use specific tobacco products to heat to temperatures below combustion levels. Hot tobacco products release aromas with nicotine and allow the user to enjoy the tobacco without combustion.
The global hot tobacco market is expected to grow from $ 7.53 billion in 2020 to $ 10.63 billion in 2021 at a compound annual growth rate (CAGR) of 41.2%. The growth is mainly due to companies resuming operations and adjusting to the new normal while recovering from the impact of COVID-19, which previously led to restrictive containment measures involving social distancing, the remote work and closure of business activities which resulted in operational challenges. The market is expected to reach $ 42.41 billion in 2025 at a CAGR of 41%.
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Some of the major players in the hot tobacco products market are Philip Morris International, Japan Tobacco International (JTI), British American Tobacco, Imperial Brands, KT&G Corp., Eli Lilly and Company, RJ Reynolds Vapor Company (RJRVC), Shenzhen AVBAD Technology Company Ltd., Pax Labs, Vapor Tobacco Manufacturing, Shenzhen Royal Tobacco Industrial Limited (Royal Tobacco), JOUZ, Shenzhen Yukan Intelligent Technology Co. Ltd., Anlerr, HI TASTE, Shenzhen Kamry Technology, Yetr Amus, Shenzhen Yunxi Technology, AIIR Technology (Shenzhen), Buddy Technology Development, Shenzhen Original Technology, Fog & Frog Technology (Shenzhen), YanB Technology Shenzhen, Coeus, CCBATO, Dongguan Hawei Electronic Technology Limited, Dongguan Cigwin Technology, Shenzhen Keeptech Electronics.
Countries Covered in the Hot Tobacco Products Market Report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea , the United Kingdom and the United States.
The regions covered by the Hot Tobacco Products market report are Asia Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The global hot tobacco products market is segmented –
1) By product: HNB tobacco devices, HnB direct / indirect heated tobacco, HnB infused / hybrid tobacco devices, HnB tobacco consumables, HnB tobacco sticks, HnB tobacco capsules and cartridges
2) By Type: Devices, Capsules, Vaporizers
3) By distribution channel: retail stores, online
Learn more about the Global Hot Tobacco Products Market report:
Some points from the table of contents
2. Characteristics of the hot tobacco products market
3. Hot Tobacco Products Market Trends and Strategies
4. Impact of COVID-19 on hot tobacco products
5. Size and Growth of Hot Tobacco Products Market
26. African market for hot tobacco products
27. Hot Tobacco Products Market Competitive Landscape and Company Profiles
28. Key mergers and acquisitions in the hot tobacco products market
29. Future Outlook and Potential Analysis of Hot Tobacco Products Market
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