The Herbal Heatsticks Market is expected to grow at a 7.5% CAGR during the forecast period for 2024-2031.
The herbal heatsticks are non-tobacco, plant-based sticks with much less health risk. Herbal heatstick is a healthier and safer alternative to tobacco for those who wish to stop smoking but still like the experience. It produces no toxic combustion byproducts and has no odour or ash.
Multiple factors such as the high prevalence of cardiovascular and respiratory diseases, rising consumption of tobacco products among young adults and females, and increasing need for tobacco-free products is primarily driving the market. Novel tobacco-free product innovations, raising awareness about tobacco-free products, and the growing government support and funding for generating harmless tobacco products are further anticipated to aid herbal heatsticks market players in expanding their businesses. However, a few side effects of herbal heatstick products may hamper the market growth.
Market Segmentation
The herbal heatsticks market is segmented into product type, flavor, distribution channels, and region. The market is segmented into nicotine-free and with nicotine based on the product type. The nicotine-free segment is predicted to dominate this market over the forecast years due to the high smoking prevalence and increasing public preference for nicotine-free products. In terms of flavor, the market comprises regular, mint, coffee, menthol, blueberry, lemon, and others. By Distribution Channels, the market is classified into forecourt retailers, tobacco specialists, convenience stores, online retailers, discounters, hypermarkets and supermarkets, and others. Regionally, the market is segmented into North America, Europe, Asia-Pacific, Latin America, and the Middle East and Africa.
Asia-Pacific followed North America by, is estimated to hold the largest revenue share of the herbal heatsticks market in the upcoming years due to the rising awareness about tobacco-related diseases and increasing research investments for developing tobacco-free and harmless products.
Some of the key players operating in the herbal heatsticks market are Genmist, tqs flavour, CCOBATO (SHENZHEN) TECHNOLOGY CO ., LTD, CIGOO Technology Co., Ltd., Darlings, Unicco, NEAFS Stick, TOFRE, JLV, and others.
Competitive Landscape
Some Of The Key Players In The Herbal Heatsticks Market:
- Genmist
- tqs flavour
- CCOBATO (SHENZHEN) TECHNOLOGY CO ., LTD
- CIGOO Technology Co., Ltd.
- Darlings
- Unicco
- NEAFS Stick
- TOFRE
- JLV
- Other Prominent Player
The Herbal Heatsticks Market Report Scope
|
Report Attribute |
Specifications |
|
Growth Rate CAGR |
CAGR of 7.5% from 2024 to 2031 |
|
Quantitative Units |
Representation of revenue in US$ Billion and CAGR from 2024 to 2031 |
|
Historic Year |
2019 to 2023 |
|
Forecast Year |
2024-2031 |
|
Report Coverage |
The forecast of revenue, the position of the company, the competitive market structure, growth prospects, and trends |
|
Segments Covered |
By Products Type, By Flavor, By Distribution Channel |
|
Regional Scope |
North America; Europe; Asia Pacific; Latin America; Middle East & Africa |
|
Country Scope |
U.S.; Canada; U.K.; Germany; China; India; Japan; Brazil; Mexico ;The UK; France; Italy; Spain; China; Japan; India; South Korea; South East Asia; South Korea; South East Asia |
|
Competitive Landscape |
Genmist, tqs flavour, CCOBATO (SHENZHEN) TECHNOLOGY CO ., LTD, CIGOO Technology Co., Ltd., Darlings, Unicco, NEAFS Stick, TOFRE, JLV, and others. |
|
Customization Scope |
Free customization report with the procurement of the report, Modifications to the regional and segment scope. Particular Geographic competitive landscape. |
|
Pricing And Available Payment Methods |
Explore pricing alternatives that are customized to your particular study requirements. |
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