Global Herbal Heatsticks market

Report ID : 1344 | Published : 2022-07-29 | Pages: | Format: PDF/EXCEL

The Global Herbal Heatsticks market size is expected to grow at a compound annual growth rate (CAGR) of 6.7% from 2022 to 2030.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.

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.

Companies Mentioned

  • Genmist
  • tqs flavour
  • CCOBATO (SHENZHEN) TECHNOLOGY CO ., LTD
  • CIGOO Technology Co., Ltd.
  • Darlings
  • Unicco
  • NEAFS Stick
  • TOFRE
  • JLV
  • Other Prominent Player

Chapter 1. Methodology and Scope

1.1. Research Methodology

1.2. Research Scope & Assumptions

Chapter 2. Executive Summary

Chapter 3. Global Herbal HeatSticks Market Snapshot

Chapter 4. Global Herbal HeatSticks Market Variables, Trends & Scope

4.1. Market Segmentation & Scope

4.2. Drivers

4.3. Challenges

4.4. Trends

4.5. Investment and Funding Analysis

4.6. Industry Analysis – Porter’s Five Forces Analysis

4.7. Impact of Covid-19 Analysis

Chapter 5. Market Segmentation 1: By Flavors, Estimates & Trend Analysis

5.1. By Flavors, & Market Share, 2020 & 2030

5.2. Market Size (Value US$ Mn) & Forecasts and Trend Analyses, 2020 to 2030 for the following By Flavors:

5.2.1. Regular

5.2.2. Mint

5.2.3. Coffee

5.2.4. Menthol

5.2.5. Blueberry

5.2.6. Lemon

5.2.7. Other Flavor

Chapter 6. Market Segmentation 2: By Products Estimates & Trend Analysis

6.1. By Products & Market Share, 2020 & 2030

6.2. Market Size (Value US$ Mn) & Forecasts and Trend Analyses, 2020 to 2030 for the following By Products:

6.2.1. Nicotine-Free

6.2.2. With Nicotine

Chapter 7. Market Segmentation 3: By Distribution Channels Estimates & Trend Analysis

7.1. By Distribution Channels & Market Share, 2020& 2030

7.2. Market Size (Value US$ Mn) & Forecasts and Trend Analyses, 2020 to 2030 for the following By Distribution Channels:

7.2.1. Forecourt retailers

7.2.2. Tobacco specialist

7.2.3. Convenience stores

7.2.4. Online retailers

7.2.5. Discounters

7.2.6. Hypermarkets and supermarkets

7.2.7. Other Distribution Channels

Chapter 8. Herbal HeatSticks Market Segmentation 5: Regional Estimates & Trend Analysis

8.1. North America

8.1.1. North America Herbal HeatSticks Market revenue (US$ Million) estimates and forecasts By Flavors, 2019-2030

8.1.2. North America Herbal HeatSticks Market revenue (US$ Million) estimates and forecasts By Products, 2019-2030

8.1.3. North America Herbal HeatSticks Market revenue (US$ Million) estimates and forecasts By Distribution Channels, 2019-2030

8.1.4. North America Herbal HeatSticks Market revenue (US$ Million) estimates and forecasts by country, 2019-2030

8.2. Europe

8.2.1. Europe Herbal HeatSticks Market revenue (US$ Million) By Flavors, 2019-2030

8.2.2. Europe Herbal HeatSticks Market revenue (US$ Million) By Products, 2019-2030

8.2.3. Europe Herbal HeatSticks Market revenue (US$ Million) By Distribution Channels, 2019-2030

8.2.4. Europe Herbal HeatSticks Market revenue (US$ Million) by country, 2019-2030

8.3. Asia Pacific

8.3.1. Asia Pacific Herbal HeatSticks Market revenue (US$ Million) By Flavors, 2019-2030

8.3.2. Asia Pacific Herbal HeatSticks Market revenue (US$ Million) By Products, 2019-2030

8.3.3. Asia Pacific Herbal HeatSticks Market revenue (US$ Million) By Distribution Channels, 2019-2030

8.3.4. Asia Pacific Herbal HeatSticks Market revenue (US$ Million) by country, 2019-2030

8.4. Latin America

8.4.1. Latin America Herbal HeatSticks Market revenue (US$ Million) By Flavors, (US$ Million) 2019-2030

8.4.2. Latin America Herbal HeatSticks Market revenue (US$ Million) By Products, (US$ Million) 2019-2030

8.4.3. Latin America Herbal HeatSticks Market revenue (US$ Million) By Distribution Channels, (US$ Million) 2019-2030

8.4.4. Latin America Herbal HeatSticks Market revenue (US$ Million) by Country, 2019-2030

8.5. Middle East & Africa

8.5.1. Middle East & Africa Herbal HeatSticks Market revenue (US$ Million) By Flavors, (US$ Million) 2019-2030

8.5.2. Middle East & Africa Herbal HeatSticks Market revenue (US$ Million) By Products, (US$ Million) 2019-2030

8.5.3. Middle East & Africa Herbal HeatSticks Market revenue (US$ Million) By Distribution Channels, (US$ Million) 2019-2030

8.5.4. Middle East & Africa Herbal HeatSticks Market revenue (US$ Million) by Country, 2019-2030

Chapter 9. Competitive Landscape

9.1. Major Mergers and Acquisitions/Strategic Alliances

9.2. Company Profiles

9.2.1. Genmist

9.2.2. TQS flavour

9.2.3. CCOBATO (SHENZHEN) TECHNOLOGY CO ., LTD

9.2.4. CIGOO Technology Co., Ltd.

9.2.5. Darlings (Hanwa Group)

9.2.6. Unicco

9.2.7. NEAFS Stick

9.2.8. TOFRE

9.2.9. JLV

9.2.10. Other Prominent Players

Market Segmentation

Global Herbal HeatSticks Market, by Product Type, 2022-2030 (Value US$ Mn)

  • Nicotine-Free
  • With Nicotine

Global Herbal HeatSticks Market, by Flavor, 2022-2030 (Value US$ Mn)

  • Regular
  • Mint
  • Coffee
  • Menthol
  • Blueberry
  • Lemon
  • Other

Global Herbal HeatSticks Market, by Distribution Channels, 2022-2030 (Value US$ Mn)

  • Forecourt retailers
  • Tobacco specialist
  • Convenience stores
  • Online retailers
  • Discounters
  • Hypermarkets and supermarkets
  • Others

Global Herbal HeatSticks Market, by Region, 2022-2030 (Value US$ Mn)

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa

North America Herbal HeatSticks Market revenue (US$ Million) by Country, 2022 to 2030

  • U.S.
  • Canada

Europe Herbal HeatSticks Market revenue (US$ Million) by Country, 2022 to 2030

  • Germany
  • France
  • Italy
  • Spain
  • Russia
  • Rest of Europe

Asia Pacific Herbal HeatSticks Market revenue (US$ Million) by Country, 2022 to 2030

  • India
  • China
  • Japan
  • South Korea
  • Australia & New Zealand

Latin America Herbal HeatSticks Market revenue (US$ Million) by Country, 2022 to 2030

  • Brazil
  • Mexico
  • Rest of Latin America

Middle East & Africa Herbal HeatSticks Market revenue (US$ Million) by Country, 2022 to 2030

  • GCC Countries
  • South Africa
  • Rest of Middle East & Africa

 

Competitive Landscape

  • Company Overview
  • Financial Performance
  • Key Development
  • Latest Strategic Developments

InsightAce Analytic follows a standard and comprehensive market research methodology focused on offering the most accurate and precise market insights. The methods followed for all our market research studies include three significant steps – primary research, secondary research, and data modeling and analysis - to derive the current market size and forecast it over the forecast period. In this study, these three steps were used iteratively to generate valid data points (minimum deviation), which were cross-validated through multiple approaches mentioned below in the data modeling section.

Through secondary research methods, information on the market under study, its peer, and the parent market was collected. This information was then entered into data models. The resulted data points and insights were then validated by primary participants.

Based on additional insights from these primary participants, more directional efforts were put into doing secondary research and optimize data models. This process was repeated till all data models used in the study produced similar results (with minimum deviation). This way, this iterative process was able to generate the most accurate market numbers and qualitative insights.

Secondary research

The secondary research sources that are typically mentioned to include, but are not limited to:

  • Company websites, financial reports, annual reports, investor presentations, broker reports, and SEC filings.
  • External and internal proprietary databases, regulatory databases, and relevant patent analysis
  • Statistical databases, National government documents, and market reports
  • Press releases, news articles, and webcasts specific to the companies operating in the market

The paid sources for secondary research like Factiva, OneSource, Hoovers, and Statista

Primary Research:

Primary research involves telephonic interviews, e-mail interactions, as well as face-to-face interviews for each market, category, segment, and subsegment across geographies

The contributors who typically take part in such a course include, but are not limited to: 

  • Industry participants: CEOs, CBO, CMO, VPs, marketing/ type managers, corporate strategy managers, and national sales managers, technical personnel, purchasing managers, resellers, and distributors.
  • Outside experts: Valuation experts, Investment bankers, research analysts specializing in specific markets
  • Key opinion leaders (KOLs) specializing in unique areas corresponding to various industry verticals
  • End-users: Vary mainly depending upon the market

Data Modeling and Analysis:

In the iterative process (mentioned above), data models received inputs from primary as well as secondary sources. But analysts working on these models were the key. They used their extensive knowledge and experience about industry and topic to make changes and fine-tuning these models as per the product/service under study.

The standard data models used while studying this market were the top-down and bottom-up approaches and the company shares analysis model. However, other methods were also used along with these – which were specific to the industry and product/service under study.

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growth rate (CAGR) of 6.7% from 2022 to 2030

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