What is the global market size of Smokeless Cigarettes Market?

Smokeless Cigarettes Market size was valued at USD 24.5 billion in 2021 and is poised to grow from USD 28.42 billion in 2022 to USD 93.17 billion by 2030, growing at a CAGR of 16% in the forecast period (2023-2030).

Global Smokeless Cigarettes Market Size, Share, Growth Analysis, By Product Type(Non-Electric and Electric), By Distribution Channels(Offline and Online) - Industry Forecast 2024-2031

Report ID: SQMIG30J2008 | Region: Global | Published Date: April, 2024
Pages: 198 | Tables: 59 | Figures: 75

Global Smokeless Cigarettes Market Insights

Global Smokeless Cigarettes Market size was valued at USD 29.54 Billion in 2022 and is poised to grow from USD 34.63 Billion in 2023 to USD 123.43 Billion by 2031, at a CAGR of 17.22% during the forecast period (2024-2031).

Global market is driven by a shift in customer preference towards nicotine-free cigarettes due to the risk of cancer of the head, throat, neck, oesophagus, and oral cavity. As a result, producers are releasing cutting-edge products to address these problems. For instance, the American electronic cigarette manufacturer Juul Laboratories Inc. recently introduced e-cigarettes in India. The move was made in response to the company's desire to increase its market share in the Asia-Pacific area. Similar to this, TAAT(TM) Lifestyle and Wellness Ltd. introduced TAAT, a tobacco- and nicotine-free cigarette that will be sold in Ohio on a variety of e-commerce websites. Consumers' increased preference for items with various flavours, including cinnamon, berry, vanilla, saffron, and apple, will present profitable opportunities for industry participants. The strategy was created to get around limits on the sale of flavoured disposable e-cigarettes in the future that did not follow government policy and to change the characteristics of the current product.

There is a large demand for tobacco-free alternatives, such e-cigarettes, which will expand with the market due to consumers' increased knowledge of the health risks connected with smoking, particularly among millennials and Gen Z. Throughout the forecast period, the market is anticipated to be driven by rising consumer awareness of the degenerative effects of tobacco use. In the United States, 5.7 million persons, or more than 2 in every 100 (2.3%) adults 18 and older, reported using smokeless tobacco products. Moreover, technological developments by significant market participants for smokeless cigarettes would encourage growth.

US Smokeless Cigarettes Market is poised to grow at a sustainable CAGR for the next forecast year.

Global Smokeless Cigarettes Market Report Snapshots

License Type Top market research company in USA

File Type

$5,300

BUY NOW GET FREE SAMPLE

Want to customize this report?

Our industry expert will work with you to provide you with customized data in a short amount of time.

REQUEST FREE CUSTOMIZATION

FAQs

Global Smokeless Cigarettes Market is highly competitive, with several major players operating in the industry. Due to the presence of numerous international and regional firms, the market for smokeless cigarettes is fragmented. To expand their customer base and foster brand loyalty, these competitors are actively pursuing new customers and conducting promotional campaigns. 'Altria Group Inc.', 'British American Tobacco plc', 'Imperial Brands plc', 'Japan Tobacco Inc.', 'Philip Morris International Inc.', 'R.J. Reynolds Vapor Company', 'Fontem Ventures', 'NJOY Holdings Inc.', 'JUUL Labs Inc.', 'VMR Products LLC', 'MCIG Inc.', 'Turning Point Brands Inc.', 'Swedish Match AB', 'V2 Cigs', 'Shenzhen iSmoka Electronics Co. Ltd.', 'PAX Labs Inc.', 'NJOY Inc.', 'Japan Tobacco International SA', 'Shenzhen Kanger Technology Co. Ltd.', 'Gamucci Limited'

Increasing health awareness is one of the key drivers of the global smokeless cigarettes market. As people become more conscious of the health risks associated with smoking traditional cigarettes, they are turning to smokeless cigarettes as a potentially less harmful alternative. This shift in consumer behaviour has helped to drive the growth of the smokeless cigarettes market, and it is expected to continue to do so in the coming years. Smokeless cigarettes have become more advanced and efficient in recent years, making them more appealing to users. The development of more sophisticated devices and the use of higher quality materials have also helped to increase the appeal of smokeless cigarettes. Many countries have implemented regulations that restrict the use of traditional cigarettes in public places, which has led to an increase in demand for smokeless cigarettes as an alternative. In addition, regulatory changes have also helped to improve the safety and quality of smokeless cigarettes, which has further boosted demand.

Smokeless cigarettes are seen as a less harmful alternative to traditional cigarettes, as they do not involve combustion and produce fewer harmful chemicals. This is particularly appealing to smokers who are concerned about their health and are looking for ways to reduce their exposure to tobacco-related health risks. smokeless cigarettes are also becoming more popular among younger consumers, who are looking for alternative ways to use tobacco. This is driving the development of new smokeless cigarette products and technologies that are designed to appeal to this demographic. However, the growth of the smokeless cigarettes market is not without challenges. Increasing regulatory scrutiny and the potential for negative public perception of smokeless cigarettes may pose challenges to the growth of the market. Additionally, the long-term health effects of using smokeless cigarettes are not yet fully understood, and this may affect the market as more research is conducted on the safety and efficacy of these products.

North America is one of the dominating regions in the global Smokeless Cigarettes market. Due to the prominence of significant companies selling e-cigarettes and vaping goods on social media, such JUUL Labs Inc., North America accounted for the largest revenue share in 2022. The item is anticipated to grow in popularity in the region as more young people switch to smokeless cigarettes as a safer alternative to tobacco. The present restriction on several e-cigarette flavours in various U.S. distribution channels, however, is anticipated to partially restrain market growth. For instance, the U.S. Food and Drug Administration declared a ban on the internet selling of flavoured vapes.

Feedback From Our Clients

"We have purchased recently a report from SkyQuest Technology, and we are happy to inform you that this report was so useful and practical for our team. Skyquest Team was very active and our queries were followed up completely.It was amazing. "

- Mr. Ali Zali, Commercial Director, ICIIC Iran.

Global Smokeless Cigarettes Market Size, Share, Growth Analysis, By Product Type(Non-Electric and Electric), By Distribution Channels(Offline and Online) - Industry Forecast 2024-2031

Global Smokeless Cigarettes Market Insights

Global Smokeless Cigarettes Market Report Snapshots

Want to customize this report?

FAQs

What is the global market size of Smokeless Cigarettes Market?

Who are the key vendors in the Global Smokeless Cigarettes Market?

What is the key driver of Global Smokeless Cigarettes Market?

What is the key market trend for Global Smokeless Cigarettes Market?

Which region accounted for the largest share in Global Smokeless Cigarettes Market?

Request Free Customization

Related Reports

Feedback From Our Clients

$5,300