Heat-not-Burn Tobacco Products (or Heated Tobacco Products) market is
projected to grow at a CAGR of 23.06% during the forecast period,
reaching a total market size of US$22.012 billion in 2024 from US$6.339
billion in 2018. ‘Heat not burn’ or ‘heated tobacco’ products are
electronic devices that, unlike e-cigarettes, contain tobacco leaf and
heat it to a high temperature by using electricity, without setting it
alight. The devices heat tobacco to 350C (662F), far lower than
traditional cigarettes that burn at temperatures up to 900C (1,652F).
The heat produces a vapor that contains nicotine, chemicals, and other
tobacco particles, also found in traditional tobacco smoke but in higher
values. The market for heat not burn tobacco products is augmented by
the increasing demand for tobacco products and increasing awareness
about the use of no smoke tobacco products. Additionally, the high
advertising and promotion by the companies is also boosting the market
demand. Moreover, the increasing investment in research and development
is also supporting the market growth. However, the various legislation
and regulatory responses and the lack of scientific evidence regarding
heat not burn tobacco products is a concern for the market.To get more
news about Heat not Burn tobacco products, you can visit hitaste.net official website.
The “Heat Not Burn Tobacco Products Market – Forecasts from 2019 to
2024” is an exhaustive study that aims to present the key market trends
through various chapters focusing on different aspects of the market.
The study provides a detailed market overview through the market
dynamics sections which detail key market, drivers, restraints, and
opportunities in the current market. The report analyzes key opportunity
regional markets, and the current technology penetration through
lifecycle analysis. The report also analyzes the market through
comprehensive market segmentation by type, distribution channel, and
The heat not burn tobacco products market has been segmented based on
type, distribution channel, and geography. The market is segmented as
flame-activated HTPs and electronic HTPs on the basis of type. Based on
distribution channel, the market is classified as online and offline.
Regional analysis has been provided with detailed analysis and
forecast for the period 2018 to 2024. The global market has been broken
down into North America, South America, Europe, Middle East and Africa,
and Asia Pacific regions. The report also analyzes 15 countries across
these regions with thorough analysis and forecast along with prevailing
market trends and opportunities which each of these countries present
for the manufacturers.
Major players in the heat not burn tobacco products market have been
covered along with their relative competitive position and strategies.
The report also mentions recent deals and investments of different
market players over the last year. The company profiles section details
the business overview, financial performance for the past three years,
key products and services being offered along with the recent
developments of these important players in the heat not burn tobacco