Global Next Generation Tobacco Product Market

Report ID : 1201 | Published : 2022-03-25 | Pages: | Format:

The global Next Generation Tobacco market size was accounted at USD 24.83 Bn in 2021; It is projected to grow at a compound annual growth rate (CAGR) of 11.8% from 2022 to 2030. 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.

 Some of the key players of next generation tobacco product market are 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.

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, 2019 & 2030

5.2. Market Size (Value US$ Mn) & Forecasts and Trend Analyses, 2019 to 2030 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, 2019 & 2030

6.2. Market Size (Value US$ Mn) & Forecasts and Trend Analyses, 2019 to 2030 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, 2019 & 2030

7.2. Market Size (Value US$ Mn) & Forecasts and Trend Analyses, 2019 to 2030 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, 2019 & 2030

8.2. Market Size (Value US$ Mn) & Forecasts and Trend Analyses, 2019 to 2030 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, 2019 & 2030

9.2. Market Size (Value US$ Mn) & Forecasts and Trend Analyses, 2019 to 2030 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, 2019 & 2030

10.2. Market Size (Value US$ Mn) & Forecasts and Trend Analyses, 2019 to 2030 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, 2019 - 2030

11.1.2. North America Next Generation Tobacco Products Market revenue (US$ Million) estimates and forecasts By Distribution Channel, 2019 – 2030

11.1.3. North America Next Generation Tobacco Products Market revenue (US$ Million) estimates and forecasts By Device Type, 2019 - 2030

11.1.4. North America Next Generation Tobacco Products Market revenue (US$ Million) estimates and forecasts By System, 2019 - 2030

11.1.5. North America Next Generation Tobacco Products Market revenue (US$ Million) estimates and forecasts By Component, 2019 - 2030

11.1.6. North America Next Generation Tobacco Products Market revenue (US$ Million) estimates and forecasts By Age Group, 2019 - 2030

11.1.7. North America Next Generation Tobacco Products Market revenue (US$ Million) estimates and forecasts by country, 2019 – 2030

11.2. Europe

11.2.1. Europe Next Generation Tobacco Products Market revenue (US$ Million) By Products, 2019 - 2030

11.2.2. Europe Next Generation Tobacco Products Market revenue (US$ Million) By Distribution Channel, 2019 – 2030

11.2.3. Europe Next Generation Tobacco Products Market revenue (US$ Million) estimates and forecasts By Device Type, 2019 - 2030

11.2.4. Europe Next Generation Tobacco Products Market revenue (US$ Million) estimates and forecasts By System, 2019 - 2030

11.2.5. Europe Next Generation Tobacco Products Market revenue (US$ Million) estimates and forecasts By Component, 2019 - 2030

11.2.6. Europe Next Generation Tobacco Products Market revenue (US$ Million) estimates and forecasts By Age Group, 2019 - 2030

11.2.7. Europe Next Generation Tobacco Products Market revenue (US$ Million) by country, 2019 - 2030

11.3. Asia Pacific

11.3.1. Asia Pacific Next Generation Tobacco Products Market revenue (US$ Million) By Products, 2019 - 2030

11.3.2. Asia Pacific Next Generation Tobacco Products Market revenue (US$ Million) By Distribution Channel, 2019 – 2030

11.3.3. Asia Pacific Next Generation Tobacco Products Market revenue (US$ Million) estimates and forecasts By Device Type, 2019 - 2030

11.3.4. Asia Pacific Next Generation Tobacco Products Market revenue (US$ Million) estimates and forecasts By System, 2019 - 2030

11.3.5. Asia Pacific Next Generation Tobacco Products Market revenue (US$ Million) estimates and forecasts By Component, 2019 - 2030

11.3.6. Asia Pacific Next Generation Tobacco Products Market revenue (US$ Million) estimates and forecasts By Age Group, 2019 - 2030

11.3.7. Asia Pacific Next Generation Tobacco Products Market revenue (US$ Million) by country, 2019 - 2030

11.4. Latin America

11.4.1. Latin America Next Generation Tobacco Products Market revenue (US$ Million) By Products, 2019 - 2030

11.4.2. Latin America Next Generation Tobacco Products Market revenue (US$ Million) By Distribution Channel, 2019 - 2030

11.4.3. Latin America Next Generation Tobacco Products Market revenue (US$ Million) estimates and forecasts By Device Type, 2019 - 2030

11.4.4. Latin America Next Generation Tobacco Products Market revenue (US$ Million) estimates and forecasts By System, 2019 - 2030

11.4.5. Latin America Next Generation Tobacco Products Market revenue (US$ Million) estimates and forecasts By Component, 2019 - 2030

11.4.6. Latin America Next Generation Tobacco Products Market revenue (US$ Million) estimates and forecasts By Age Group, 2019 - 2030

11.4.7. Latin America Next Generation Tobacco Products Market revenue (US$ Million) by country, (US$ Million) 2019 - 2030

11.5. Middle East & Africa

11.5.1. Middle East & Africa Next Generation Tobacco Products Market revenue (US$ Million) By Products, 2019 - 2030

11.5.2. Middle East & Africa Next Generation Tobacco Products Market revenue (US$ Million) By Distribution Channel, 2019 - 2030

11.5.3. Middle East & Africa Next Generation Tobacco Products Market revenue (US$ Million) estimates and forecasts By Device Type, 2019 - 2030

11.5.4. Middle East & Africa Next Generation Tobacco Products Market revenue (US$ Million) estimates and forecasts By System, 2019 - 2030

11.5.5. Middle East & Africa Next Generation Tobacco Products Market revenue (US$ Million) estimates and forecasts By Component, 2019 - 2030

11.5.6. Middle East & Africa Next Generation Tobacco Products Market revenue (US$ Million) estimates and forecasts By Age Group, 2019 - 2030

11.5.7. Middle East & Africa Next Generation Tobacco Products Market revenue (US$ Million) by country, (US$ Million) 2019 - 2030

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, 2019 to 2030 based on Device Type

  • e-Cigarettes
  • Vaps
  • Mods
  • e-Hookahs
  • Pens
  • Other Device Type

Market Size (Value US$ Mn) & Forecasts and Trend Analyses, 2019 to 2030 based on System

  • Open Vaping System
  • Closed Vaping System
  • Semi-Closed System
  • Other System

Market Size (Value US$ Mn) & Forecasts and Trend Analyses, 2019 to 2030 based on Product Type

  • Tobacco Heating Products
  • Vapour Products
  • Snus Products
  • Other Product Type

Market Size (Value US$ Mn) & Forecasts and Trend Analyses, 2019 to 2030 based on Component

  • Atomizer
  • Vape Mod
  • Cartomizer
  • E-liquid
  • Battery
  • Other Component

Market Size (Value US$ Mn) & Forecasts and Trend Analyses, 2019 to 2030 based on Distribution Channel

  • Online Buying
  • Retail Stores
  • Convenience Store
  • Drug Store
  • Newsstand
  • Tobacconist Store
  • Specialty E-cigarette Store
  • Other Distribution Channel

Market Size (Value US$ Mn) & Forecasts and Trend Analyses, 2019 to 2030 based on Age Group

  • 18-30 Age Group
  • 31-44 Age Group
  • 45-60 Age Group
  • 61 & Above Age Group

Market Size (Value US$ Mn) & Forecasts and Trend Analyses, 2019 to 2030 based on Region

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

North America next generation tobacco product market revenue (US$ Million) by Country, 2019 to 2030

  • U.S.
  • Canada

Europe next generation tobacco product market revenue (US$ Million) by Country, 2019 to 2030

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

Asia Pacific next generation tobacco product market revenue (US$ Million) by Country, 2019 to 2030

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

Latin America next generation tobacco product market revenue (US$ Million) by Country, 2019 to 2030

  • Brazil
  • Mexico
  • Rest of Latin America

Middle East & Africa next generation tobacco product market revenue (US$ Million) by Country, 2019 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.

To know more about the research methodology used for this study, kindly contact us/click here.

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The Next-Generation Tobacco Product Market worth US$ 67.38 Billion by 2030

CAGR of 11.8% during the forecast period of 2022-2030.

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