Market Overview:
The global finished heated tobacco market is expected to grow at a CAGR of XX% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for heated tobacco products over traditional cigarettes, rising awareness about the health hazards of smoking, and growing number of smokers in emerging economies. The use tobacco stick segment is expected to account for the majority share of the global finished heated tobacco market in 2018. This can be attributed to their easy availability and low cost as compared to other types of heated tobacco products. However, with increasing awareness about the health hazards associated with smoking, there is a growing demand for loose-leaf type products which offer a more authentic smoking experience than use tobacco sticks. Regionally, North America is expected to lead the global finished heated tobacco market in terms of revenue generation during 2018-2030 owing to high per capita income levels and large population base addicted to smoking cigarettes.
Product Definition:
Finished heated tobacco is a heat-treated tobacco product that has been processed to remove moisture and volatiles. The tobacco is then sealed in a pouch or other container. Finished heated tobacco can be smoked, chewed, or sucked on like a piece of candy.
Use Tobacco Stick:
Use tobacco stick, also known as UTStick or Heated Tobacco Products (HTP), is a heated tobacco product that allows the user to consume nicotine without being exposed to smoke. It has gained popularity among adult smokers who are seeking alternatives to smoking cigarettes. The product was launched in China in September 2016 and was approved by the Ministry of Health (China) under article 27A of China's Food and Drug Administration Law on May 17, 2017.
Use Loose-leaf:
Use loose-leaf and it’s usage in the finished heated tobacco market is growing at a rapid pace. The main factor that is driving this growth is its low price as compared to smoking tobacco. Also, use of loose-leaf allows the consumer to control their nicotine dosage which makes them less likely to become addicted to smoking.
The other factors that are propelling demand for use of loose-leaf are increasing awareness regarding health hazards associated with cigarettes.
Application Insights:
Supermarket application led the global market in 2017 and is projected to expand at a revenue-based CAGR of XX% over the forecast period. The use of heated tobacco products in supermarkets has become popular owing to its availability 24*7 and convenience, as well as cost effectiveness. In addition, manufacturers are launching new products such as value-for-money packs that offer consumers superior smoking experience at an affordable price point.
Tobacco stores accounted for a significant share of the overall revenue in 2017 due to high product demand from adult smokers and young people who have started smoking recently. Manufacturers are focusing on developing new products such as pipe tobacco with different flavors that appeal more to adults than traditional cigarette brands do, which is expected to drive segment growth over the coming years.
The other application segment includes bars/nightclubs.
Regional Analysis:
North America dominated the global market in 2017. The region is expected to maintain its position during the forecast years owing to high consumption of tobacco products and rising disposable income of consumers. Asia Pacific is anticipated to be the fastest-growing regional market from 2018 to 2030 due to increasing per capita income, changing lifestyles, and growing health awareness among people. Moreover, government initiatives promoting a healthy lifestyle are projected favorably impact industry growth over the forecast period. Europe accounted for more than 25% share in 2017 owing to high demand for heated tobacco products from countries such as Germany and Russia that experience cold weather throughout most part of year.
Growth Factors:
- Increasing demand for smokeless tobacco products: The global finished heated tobacco market is expected to grow at a CAGR of more than 15% during the forecast period. This can be attributed to the increasing demand for smokeless tobacco products, especially in developed countries.
- Growing awareness about the health hazards of smoking: There is a growing awareness among people about the health hazards of smoking. This is resulting in an increase in the number of people who are switching to smokeless tobacco products, thereby driving growth in the finished heated tobacco market.
- Rising disposable income and changing lifestyle trends: A rise in disposable income and changing lifestyle trends are leading to an increase in consumption expenditure on luxury items, including finished heated tobacco products. This is contributing significantly to market growth.
Scope Of The Report
Report Attributes
Report Details
Report Title
Finished Heated Tobacco Market Research Report
By Type
Use Tobacco Stick, Use Loose-leaf
By Application
Supermarket, Tobacco Store
By Companies
Philip Morris International, British American Tobacco, Japan Tobacco International, Imperial Brands, Altria, China Tobacco, Korea Tobacco and Ginseng Corporation, American Electronic Cigarette Company, Philip Morris International
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
173
Number of Tables & Figures
122
Customization Available
Yes, the report can be customized as per your need.
Global Finished Heated Tobacco Market Report Segments:
The global Finished Heated Tobacco market is segmented on the basis of:
Types
Use Tobacco Stick, Use Loose-leaf
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Supermarket, Tobacco Store
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Philip Morris International
- British American Tobacco
- Japan Tobacco International
- Imperial Brands
- Altria
- China Tobacco
- Korea Tobacco and Ginseng Corporation
- American Electronic Cigarette Company
- Philip Morris International
Highlights of The Finished Heated Tobacco Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Use Tobacco Stick
- Use Loose-leaf
- By Application:
- Supermarket
- Tobacco Store
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Finished Heated Tobacco Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Finished heated tobacco is a type of pipe tobacco that has been cured, dried, and packaged. It is ready to be smoked and can be found in many different flavors.
Some of the major players in the finished heated tobacco market are Philip Morris International, British American Tobacco, Japan Tobacco International, Imperial Brands, Altria, China Tobacco, Korea Tobacco and Ginseng Corporation, American Electronic Cigarette Company, Philip Morris International.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Finished Heated Tobacco Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Finished Heated Tobacco Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Finished Heated Tobacco Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Finished Heated Tobacco Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Finished Heated Tobacco Market Size & Forecast, 2018-2028
4.5.1 Finished Heated Tobacco Market Size and Y-o-Y Growth
4.5.2 Finished Heated Tobacco Market Absolute $ Opportunity
Chapter 5 Global Finished Heated Tobacco Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Finished Heated Tobacco Market Size Forecast by Type
5.2.1 Use Tobacco Stick
5.2.2 Use Loose-leaf
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Finished Heated Tobacco Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Finished Heated Tobacco Market Size Forecast by Applications
6.2.1 Supermarket
6.2.2 Tobacco Store
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Finished Heated Tobacco Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Finished Heated Tobacco Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Finished Heated Tobacco Analysis and Forecast
9.1 Introduction
9.2 North America Finished Heated Tobacco Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Finished Heated Tobacco Market Size Forecast by Type
9.6.1 Use Tobacco Stick
9.6.2 Use Loose-leaf
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Finished Heated Tobacco Market Size Forecast by Applications
9.10.1 Supermarket
9.10.2 Tobacco Store
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Finished Heated Tobacco Analysis and Forecast
10.1 Introduction
10.2 Europe Finished Heated Tobacco Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Finished Heated Tobacco Market Size Forecast by Type
10.6.1 Use Tobacco Stick
10.6.2 Use Loose-leaf
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Finished Heated Tobacco Market Size Forecast by Applications
10.10.1 Supermarket
10.10.2 Tobacco Store
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Finished Heated Tobacco Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Finished Heated Tobacco Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Finished Heated Tobacco Market Size Forecast by Type
11.6.1 Use Tobacco Stick
11.6.2 Use Loose-leaf
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Finished Heated Tobacco Market Size Forecast by Applications
11.10.1 Supermarket
11.10.2 Tobacco Store
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Finished Heated Tobacco Analysis and Forecast
12.1 Introduction
12.2 Latin America Finished Heated Tobacco Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Finished Heated Tobacco Market Size Forecast by Type
12.6.1 Use Tobacco Stick
12.6.2 Use Loose-leaf
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Finished Heated Tobacco Market Size Forecast by Applications
12.10.1 Supermarket
12.10.2 Tobacco Store
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Finished Heated Tobacco Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Finished Heated Tobacco Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Finished Heated Tobacco Market Size Forecast by Type
13.6.1 Use Tobacco Stick
13.6.2 Use Loose-leaf
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Finished Heated Tobacco Market Size Forecast by Applications
13.10.1 Supermarket
13.10.2 Tobacco Store
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Finished Heated Tobacco Market: Competitive Dashboard
14.2 Global Finished Heated Tobacco Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Philip Morris International
14.3.2 British American Tobacco
14.3.3 Japan Tobacco International
14.3.4 Imperial Brands
14.3.5 Altria
14.3.6 China Tobacco
14.3.7 Korea Tobacco and Ginseng Corporation
14.3.8 American Electronic Cigarette Company
14.3.9 Philip Morris International
