Global Next Generation Tobacco Product Market Size is valued at USD 33.9 Billion in 2024 and is predicted to reach USD 107.5 Billion by the year 2034 at a 12.5% CAGR during the forecast period for 2025-2034.
Key Industry Insights & Findings from the Report:
According to the World Health Organization (WHO), more than 8 million people die from tobacco use every year. Tobacco use can lead to cardiovascular and respiratory diseases, over 20 different types or subtypes of cancer, and many other health conditions. Manufacturers of tobacco products have been launching novel products to reduce the risk of tobacco-related diseases. For instance, in May 2019, Philip Morris launched IQOS. This electronic device heats paper-wrapped tobacco-filled sticks and as a result, generates nicotine-containing aerosol. The product has been launched as an alternative to cigarettes.
Furthermore, spreading awareness regarding health hazards associated with tobacco smoking will help to drive tobacco or cigarette addicts toward using next-generation tobacco products. In addition to this, there are factors that drive the next-generation tobacco product market, such as the increasing need for next-generation tobacco products, the high prevalence of tobacco-related diseases, the rising consumption of tobacco products amongst females and students, and growing investments for the development of generation tobacco products. Furthermore, growth in the population, a growing number of health-conscious people, and policies that prohibit smoking in indoor public places and workspaces will enhance the next-generation tobacco product market's growth during the forecast period. However, certain side effects of next-generation tobacco products restrain the market growth.
The next-generation tobacco product market is segmented into Device Type, System, Product Type, Component, Distribution Channel, Age Group, and Region. Based on the Device Type, the market is segmented into e-Cigarettes, Vaps, Mods, e-Hookahs, Pens, and Other Device Type. The E-cigarettes segment is expected to dominate this market over the forecast period due to the high demand and fast innovations of e-cigarettes. In terms of System, the market comprises Open Vaping System, Closed Vaping System, Semi-Closed System, and Other System. By Product Type, the market is classified into Tobacco Heating Products, Vapour Products, Snus Products, and Other Product Types. The market is divided into Atomizer, Vape Mod, Cartomizer, E-liquid, Battery, and Other Component, based on Component.
By Distribution Channel, the market is segmented into Online Buying, Retail Stores, Convenience Store, Drug Store, Newsstand, Tobacconist Store, Specialty E-cigarette Store, and Other Distribution Channel. Next-generation tobacco product market is also segmented on the basis of age group into 18-30 Age Group, 31-44 Age Group, 45-60 Age Group, 61 & Above Age Group. Regionally, the market is segmented into North America, Europe, Asia-Pacific, Latin America, and the Middle East and Africa. Asia-Pacific followed by North America holds the maximum share of this market due to the increased research and development expenditure and growing awareness about next-generation tobacco products.
| Report Attribute | Specifications |
| Market Size Value In 2024 | USD 33.9 Billionn |
| Revenue Forecast In 2034 | USD 107.5 Billion |
| Growth Rate CAGR | CAGR of 12.5% from 2025 to 2034 |
| Quantitative Units | Representation of revenue in US$ Mn,and CAGR from 2025 to 2034 |
| Historic Year | 2021 to 2024 |
| Forecast Year | 2025-2034 |
| Report Coverage | The forecast of revenue, the position of the company, the competitive market structure, growth prospects, and trends |
| Segments Covered | By Device Type, By System, By Product Type, By Component, By Distribution Channel, By Age Group |
| 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 | Adris grupa, Altadis, Altria Group Inc., American electronic cigarette company, Arnold André GmbH & Co. KG, British American Tobacco (BAT), China National Tobacco Corporation, Davidoff, Dharampal Satyapal, DS Group, Eastern Tobacco Company, Fiedler & Lundgren AB, FIN Branding Group LLC., Gajane AB, Global Horizon Ventures Limited (GHVL), GN Tobacco Sweden AB, Gotlands Snus AB, Gudang Garam, Hay Island Holding Corporation, Healthier Choices Management Corp (Ruthless Vapor Corp), House of Oliver Twist A/S, Imperial Brands, Indian Tobacco Company (ITC) Limited., International Vapor Group, ITC Limited, J Well France, Japan Tobacco Inc., JT International AG, Juul Labs Inc, Korea Tobacco (KT&G), Lorillard Tobacco Company, MAHAK Group, Manikchand Group, MCIG Inc., Mighty, Nerudia, Nicotek Llc., NJOY Inc, P.T. Karyadibya Mahardhika, Pax Labs, Philip Morris International (PMI), Ploom TECH, R.J. Reynolds Vapor Company, Reemtsma Cigarettenfabriken GmbH, Reynolds American Inc., Rothmans, Ruyan, Sarajevo Tobacco Factory, Scandinavian Tobacco Group, Swedish Match AB, Swisher, Taboca AS, Turning Point Brands, Universal Corporation, V2 Tobacco, Vapor Hub International, Inc., VMR Products LLC, and other prominent products. |
| 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. |
Chapter 1. Methodology and Scope
1.1. Research Methodology
1.2. Research Scope & Assumptions
Chapter 2. Executive Summary
Chapter 3. Global Next Generation Tobacco Products Market Snapshot
Chapter 4. Global Next Generation Tobacco Products 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. Competitive Landscape & Market Share Analysis
4.8. Impact of Covid-19 Analysis
Chapter 5. Market Segmentation 1: By Device Type, Estimates & Trend Analysis
5.1. By Device Type, & Market Share, 2024 & 2034
5.2. Market Size (Value US$ Mn) & Forecasts and Trend Analyses, 2021 to 2034 for the following By Device Type:
5.2.1. e-Cigarettes
5.2.2. Vaps
5.2.3. Mods
5.2.4. e-Hookahs
5.2.5. Pens
5.2.6. Other Device Type
Chapter 6. Market Segmentation 2: By System Estimates & Trend Analysis
6.1. By System & Market Share, 2024 & 2034
6.2. Market Size (Value US$ Mn) & Forecasts and Trend Analyses, 2021 to 2034 for the following By System:
6.2.1. Open Vaping System
6.2.2. Closed Vaping System
6.2.3. Semi-Closed System
6.2.4. Other System
Chapter 7. Market Segmentation 3: By Product Type Estimates & Trend Analysis
7.1. By Product Type & Market Share, 2024 & 2034
7.2. Market Size (Value US$ Mn) & Forecasts and Trend Analyses, 2021 to 2034 for the following By Product Type:
7.2.1. Tobacco Heating Products
7.2.2. Vapour Products
7.2.3. Snus Products
7.2.4. Other Product Type
Chapter 8. Market Segmentation 4: By Component Estimates & Trend Analysis
8.1. By Component & Market Share, 2024 & 2034
8.2. Market Size (Value US$ Mn) & Forecasts and Trend Analyses, 2021 to 2034 for the following By Component:
8.2.1. Online
8.2.2. Atomizer
8.2.3. Vape Mod
8.2.4. Cartomizer
8.2.5. E-liquid
8.2.6. Battery
8.2.7. Other Component
Chapter 9. Market Segmentation 5: By Distribution Channel Estimates & Trend Analysis
9.1. By Distribution Channel & Market Share, 2024 & 2034
9.2. Market Size (Value US$ Mn) & Forecasts and Trend Analyses, 2021 to 2034 for the following By Distribution Channel:
9.2.1. Online
9.2.2. Convenience Store
9.2.3. Drug Store
9.2.4. Specialty E-cigarette Store
9.2.5. Others
Chapter 10. Market Segmentation 6: By Age Group Estimates & Trend Analysis
10.1. By Age Group & Market Share, 2024 & 2034
10.2. Market Size (Value US$ Mn) & Forecasts and Trend Analyses, 2021 to 2034 for the following By Age Group:
10.2.1. 18-30 Age Group
10.2.2. 31-44 Age Group
10.2.3. 45-60 Age Group
10.2.4. 61 & Above Age Group
Chapter 11. Next Generation Tobacco Products Market Segmentation 7: Regional Estimates & Trend Analysis
11.1. North America
11.1.1. North America Next Generation Tobacco Products Market revenue (US$ Million) estimates and forecasts By Products, 2021 - 2034
11.1.2. North America Next Generation Tobacco Products Market revenue (US$ Million) estimates and forecasts By Distribution Channel, 2021 - 2034
11.1.3. North America Next Generation Tobacco Products Market revenue (US$ Million) estimates and forecasts By Device Type, 2021 - 2034
11.1.4. North America Next Generation Tobacco Products Market revenue (US$ Million) estimates and forecasts By System, 2021 - 2034
11.1.5. North America Next Generation Tobacco Products Market revenue (US$ Million) estimates and forecasts By Component, 2021 - 2034
11.1.6. North America Next Generation Tobacco Products Market revenue (US$ Million) estimates and forecasts By Age Group, 2021 - 2034
11.1.7. North America Next Generation Tobacco Products Market revenue (US$ Million) estimates and forecasts by country, 2021 - 2034
11.2. Europe
11.2.1. Europe Next Generation Tobacco Products Market revenue (US$ Million) By Products, 2021 - 2034
11.2.2. Europe Next Generation Tobacco Products Market revenue (US$ Million) By Distribution Channel, 2021 - 2034
11.2.3. Europe Next Generation Tobacco Products Market revenue (US$ Million) estimates and forecasts By Device Type, 2021 - 2034
11.2.4. Europe Next Generation Tobacco Products Market revenue (US$ Million) estimates and forecasts By System, 2021 - 2034
11.2.5. Europe Next Generation Tobacco Products Market revenue (US$ Million) estimates and forecasts By Component, 2021 - 2034
11.2.6. Europe Next Generation Tobacco Products Market revenue (US$ Million) estimates and forecasts By Age Group, 2021 - 2034
11.2.7. Europe Next Generation Tobacco Products Market revenue (US$ Million) by country, 2021 - 2034
11.3. Asia Pacific
11.3.1. Asia Pacific Next Generation Tobacco Products Market revenue (US$ Million) By Products, 2021 - 2034
11.3.2. Asia Pacific Next Generation Tobacco Products Market revenue (US$ Million) By Distribution Channel, 2021 - 2034
11.3.3. Asia Pacific Next Generation Tobacco Products Market revenue (US$ Million) estimates and forecasts By Device Type, 2021 - 2034
11.3.4. Asia Pacific Next Generation Tobacco Products Market revenue (US$ Million) estimates and forecasts By System, 2021 - 2034
11.3.5. Asia Pacific Next Generation Tobacco Products Market revenue (US$ Million) estimates and forecasts By Component, 2021 - 2034
11.3.6. Asia Pacific Next Generation Tobacco Products Market revenue (US$ Million) estimates and forecasts By Age Group, 2021 - 2034
11.3.7. Asia Pacific Next Generation Tobacco Products Market revenue (US$ Million) by country, 2021 - 2034
11.4. Latin America
11.4.1. Latin America Next Generation Tobacco Products Market revenue (US$ Million) By Products, 2021 - 2034
11.4.2. Latin America Next Generation Tobacco Products Market revenue (US$ Million) By Distribution Channel, 2021 - 2034
11.4.3. Latin America Next Generation Tobacco Products Market revenue (US$ Million) estimates and forecasts By Device Type, 2021 - 2034
11.4.4. Latin America Next Generation Tobacco Products Market revenue (US$ Million) estimates and forecasts By System, 2021 - 2034
11.4.5. Latin America Next Generation Tobacco Products Market revenue (US$ Million) estimates and forecasts By Component, 2021 - 2034
11.4.6. Latin America Next Generation Tobacco Products Market revenue (US$ Million) estimates and forecasts By Age Group, 2021 - 2034
11.4.7. Latin America Next Generation Tobacco Products Market revenue (US$ Million) by country, 2021 - 2034
11.5. Middle East & Africa
11.5.1. Middle East & Africa Next Generation Tobacco Products Market revenue (US$ Million) By Products, 2021 - 2034
11.5.2. Middle East & Africa Next Generation Tobacco Products Market revenue (US$ Million) By Distribution Channel, 2021 - 2034
11.5.3. Middle East & Africa Next Generation Tobacco Products Market revenue (US$ Million) estimates and forecasts By Device Type, 2021 - 2034
11.5.4. Middle East & Africa Next Generation Tobacco Products Market revenue (US$ Million) estimates and forecasts By System, 2021 - 2034
11.5.5. Middle East & Africa Next Generation Tobacco Products Market revenue (US$ Million) estimates and forecasts By Component, 2021 - 2034
11.5.6. Middle East & Africa Next Generation Tobacco Products Market revenue (US$ Million) estimates and forecasts By Age Group, 2021 - 2034
11.5.7. Middle East & Africa Next Generation Tobacco Products Market revenue (US$ Million) by country, 2021 - 2034
Chapter 12. Competitive Landscape
12.1. Major Mergers and Acquisitions/Strategic Alliances
12.2. Company Profiles
12.2.1. Adris grupa
12.2.2. Altadis
12.2.3. Altria Group Inc.
12.2.4. American electronic cigarette company
12.2.5. Arnold André GmbH & Co. KG
12.2.6. British American Tobacco (BAT)
12.2.7. China National Tobacco Corporation
12.2.8. Davidoff
12.2.9. Dharampal Satyapal
12.2.10. DS Group
12.2.11. Eastern Tobacco Company
12.2.12. Fiedler & Lundgren AB
12.2.13. FIN Branding Group LLC.
12.2.14. Gajane AB
12.2.15. Global Horizon Ventures Limited (GHVL)
12.2.16. GN Tobacco Sweden AB
12.2.17. Gotlands Snus AB
12.2.18. Gudang Garam
12.2.19. Hay Island Holding Corporation Indian Tobacco Company (ITC) Limited.
12.2.20. Healthier Choices Management Corp (Ruthless Vapor Corp)
12.2.21. House of Oliver Twist A/S
12.2.22. Imperial Brands
12.2.23. Indian Tobacco Company (ITC) Limited.
12.2.24. International Vapor Group
12.2.25. ITC Limited
12.2.26. J Well France
12.2.27. Japan Tobacco Inc.
12.2.28. JT International AG
12.2.29. Juul Labs Inc
12.2.30. Korea Tobacco (KT&G)
12.2.31. Lorillard Tobacco Company
12.2.32. MAHAK Group
12.2.33. Manikchand Group
12.2.34. MCIG Inc.
12.2.35. Mighty
12.2.36. Nerudia
12.2.37. Nicotek Llc.
12.2.38. NJOY Inc
12.2.39. P.T. Karyadibya Mahardhika
12.2.40. Pax Labs
12.2.41. Philip Morris International (PMI)
12.2.42. Ploom TECH
12.2.43. R.J. Reynolds Vapor Company
12.2.44. Reemtsma Cigarettenfabriken GmbH
12.2.45. Reynolds American Inc.
12.2.46. Rothmans
12.2.47. Ruyan
12.2.48. Sarajevo Tobacco Factory
12.2.49. Scandinavian Tobacco Group
12.2.50. Swedish Match AB
12.2.51. Swisher
12.2.52. Taboca AS
12.2.53. Turning Point Brands
12.2.54. Universal Corporation
12.2.55. V2 Tobacco
12.2.56. Vapor Hub International, Inc.
12.2.57. VMR Products LLC
12.2.58. Other Prominent Player
Market Size (Value US$ Mn) & Forecasts and Trend Analyses by Device Type
Market Size (Value US$ Mn) & Forecasts and Trend Analyses by System
Market Size (Value US$ Mn) & Forecasts and Trend Analyses, by Product Type
Market Size (Value US$ Mn) & Forecasts and Trend Analyses, by Component
Market Size (Value US$ Mn) & Forecasts and Trend Analyses, by Distribution Channel
Market Size (Value US$ Mn) & Forecasts and Trend Analyses, by Age Group
Market Size (Value US$ Mn) & Forecasts and Trend Analyses, by Region
North America next generation tobacco product market revenue by Country
Europe next generation tobacco product market revenue by Country
Asia Pacific next generation tobacco product market revenue by Country
Latin America next generation tobacco product market revenue by Country
Middle East & Africa next generation tobacco product market revenue by Country
Competitive Landscape
Latest Strategic Developments