Global Next Generation Tobacco Products Market, By Device Type (e-Cigarettes, Vaps, Mods, e-Hookahs, Pens, Other), System (Open Vaping System, Closed Vaping System, Semi-Closed System, Other), Product Type (Tobacco Heating Products, Vapour Products, Snus Products, Other), Component (Atomizer, Vape Mod, Cartomizer, E-liquid, Battery, Other), Age Group (18-30 Age Group, 31-44 Age Group, 45-60 Age Group, 61 and Above Age Group), Distribution Channel (Online Buying, Retail Stores, Convenience Store, Drug Store, Newsstand, Tobacconist Store, Specialty E-cigarette Store, Other), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028.
Next Generation Tobacco Products Market Analysis and Insights
Next generation tobacco products market size is expected to grow at a compound annual growth rate of 10.00% for the forecast period of 2021 to 2028. Data Bridge Market Research report on next generation tobacco products market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecasted period while providing their impacts on the market’s growth.
Next generation products are the type of products which are better alternatives over the traditional products such as cigarette due to their capability to lessen the risk of tobacco-related diseases by eliminating the breathing of toxicants as these products are designed to imitate tobacco smoking.
The next generation tobacco products market is rising in demand due to rapidly increasing number of product launches. The easy availability of superior-quality products is also highly impacting the growth of the next generation tobacco products in the forecast period of 2021 to 2028. The rising consumption of tobacco products amongst females and students as well as rising investments in next-generation tobacco products are projected to grow substantially during the forecast period. Furthermore, the high development and commercialization of new generation products such as snus, tobacco heating products and vapor products are also expected to push the growth of next generation tobacco products market in the above mentioned forecast period.
The major factor which actively drives the demand of next generation tobacco products market is the high demand owing to rising consumer disposable income. Likewise, the rapid increase in awareness and change in consumer perception, associated with their shifting inclination towards less harmful tobacco products as well as the growing consumer knowledge and increase in awareness of products will further offer various growth opportunities for the growth of next generation tobacco products market over the forecast period of 2021 to 2028.
However, the growing awareness regarding health hazards associated with smoking is also expected to impede the growth of the next generation tobacco products market in the above mentioned forecast period, whereas the easy availability of various smoking alternatives have the potential to challenge the growth of the next generation tobacco products market.
This next generation tobacco products market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on next generation tobacco products market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Next Generation Tobacco Products Market Scope and Market Size
Next generation tobacco products market is segmented on the basis of device type, system, product type, component, age group and distribution channel. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target markets.
- On the basis of device type, the next generation tobacco products market is segmented into e-cigarettes, vaps, mods, e-hookahs, pens and other.
- On the basis of system, the next generation tobacco products market is segmented into open vaping system, closed vaping system, semi-closed system and other.
- Based on product type, the next generation tobacco products market is segmented into tobacco heating products, vapour products, snus products and other.
- On the basis of component, the next generation tobacco products market is segmented into atomizer, vape mod, cartomizer, e-liquid, battery and other.
- Next generation tobacco products market is also segmented on the basis of age group into 18-30 age group, 31-44 age group, 45-60 age group, 61 and above age group.
- The distribution channel for next generation tobacco products market is segmented into online buying, retail stores, convenience store, drug store, newsstand, tobacconist store, specialty e-cigarette store and other.
Next generation tobacco products Market Country Level Analysis
Next generation tobacco products market is analyzed and market size, volume information is provided by country, device type, system, product type, component, age group and distribution channel as referenced above.
The countries covered in the next generation tobacco products market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Asia-Pacific leads the next generation tobacco products market because of the growing importance of advertising as a key tool for marketing the product forms on satellite television and social media channels within this region. Middle East and Africa is expected to expand at a significant growth rate over the forecast period of 2021 to 2028 because of the increasing incidence of tobacco use and rising per capita cigarette consumption in this particular region.
The country section of the next generation tobacco products market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Next Generation Tobacco Products Market Share Analysis
Next generation tobacco products market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to next generation tobacco products market.
The major players covered in the next generation tobacco products market report are BAT group, Imperial Brands, Japan Tobacco Inc., JUUL Labs, Inc., Reynolds American Inc., Swedish Match AB, Turning Point Brands, Universal Corporation, Eastern Company SAE, PT. Gudang Garam Tbk, ITC Limited, Scandinavian Tobacco Group A/S, Pyxus International, Inc., PHILIP MORRIS PRODUCTS S.A., CME Ltd, British American Tobacco Kenya plc, Vector Group Ltd., Körber AG and Altria Group, Inc., among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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