Global Nextgeneration Products In Tobacco Overview
Introduction
Prophecy Market Insights has recently published its insights on “Next-generation Products in Tobacco Market” for the forecast period of 2018-2029. The market is segmented By Product Type (Tobacco Heating Product, Vapor Products, Snus, and E-Cigarettes), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa)
Next generation products are better alternatives to traditional products such as cigarette as they reduce the risk of tobacco-related diseases by eliminating the inhalation toxicants which is driving growth of the target market. Next generation products are designed in order to simulate tobacco smoking. In addition, changing consumer perception about next generation tobacco products, coupled with their shift towards less harmful tobacco products are major factors fueling growth of the target market. Moreover, increasing investments in next-generation products by the world’s leading key players in tobacco industry as a harm reduction strategy is expected to propel growth of the target market during the forecast period. For instance, British American Tobacco have invested approximately US$2.5 billion in the development and commercialization of new generation products such as tobacco heating products, suns, and vapor products.
Asia Pacific to grow at the highest CAGR during the forecast period
Europe next-generation products in tobacco market is expected to dominate over the forecast period. This can be attributed to increasing consumer preferences towards less risky products over traditional products, and easy availability of next generation products in countries of this region. In addition, increasing in number of launches of next generation products in the region is another factor boosting growth of the market in Europe. North America is expected to account as second largest market across the globe in the near future, owing to growing desire among end-users to use of less harmful next generation products in tobacco industry.
The research scope provides comprehensive market size, and other in-depth market information details such as, market growth supporting factors, restraining factors, trends, opportunities, market risk factors, market competition, product and services advancements and launches, product/services related regulations overview, and recent developments for the mentioned forecast period. In addition, the report provides key examination of market players operating in the specific market and analysis and outcomes related with the target market for more than 20 countries.
In the current research scope 2018 is considered as base year and 2019 is estimated year for market value/volume calculations. The report offers market estimates for the forecast period – 2019 to 2029. The report provides factual inputs and analysis based on primary and secondary research, which includes insights gained through in-depth interviews with primary research participants. Also, the data is gathered from authentic secondary sources and is verified by key opinion leaders in the target market. The in-house research is applied on gathered information to provide more accurate data points and reduce the margin of error. The in-house research and analysis efforts include various tools and 360o data analysis methodology. The next-generation products in tobacco market report segments the market on the basis of product type and region.
The report expected to answer various target market related questions and offers insights on:
- Definition, description, overview of market growth influencing factors, and forecast for the target market
- Scope for related market in the forecast period
- Analysis and outcome for the next-generation products in tobacco market by segment and region followed by countries
- Market segmentation, dominating segment and region followed by country along with market value, share, Y-o-Y growth, CAGR, forecast, and contribution in the market
- Key market player profiles, their recent developments, strategies, financial details, key competencies, presence by region, and product portfolio
- Valuable insights, data, and forecast that can be referenced to plan business strategies, to tap market opportunities, understand business related risks, derive business goals, to recognize trends, and understand target customers/end users
- Insights on recent technologies, pipeline products, regulations related with target market, market investment, and offers insights on political and economical factors that may influence market growth
- PEST Analysis, PORTER’s five forces analysis, opportunity map analysis, drivers and restraints impact analysis, and market attractiveness index
Competitive Analysis
Advancements in the product as well as in manufacturing process, product launches, and strategic partnerships are some trends witnessed in the global Next-generation products in tobacco industry market. Key players have adopted mergers & acquisitions and new product developments to strengthen their positions in the global Next-generation products in tobacco industry market.
- British American Tobacco Plc
- Imperial Brands PLC
- Philip Morris International Inc.,
- Japan Tobacco Inc
- Swedish Match AB company
- Turning Point Brands, Inc.
- Universal Corporation
Prophecy Market Insights offers required customization on this report according to specific business requirements
Global Nextgeneration Products In Tobacco Table of Contents
- Research Objective and Assumption
- Preface
- Research Objectives
- Assumptions
- Abbreviations
- Market Preview
- Report Description
- Market Definition and Scope
- Executive Summary
- Market Snippet, By Product Type
- Market Snippet, By Region
- Opportunity Map Analysis
- Report Description
- Market Dynamics, Regulations, and Trends Analysis
- Market Dynamics
- Drivers
- Restraints
- Market Opportunities
- Market Trends
- DR Impact Analysis
- PEST Analysis
- Porter’s Five Forces Analysis
- Opportunity Orbit
- Market Investment Feasibility Index
- Macroeconomic Factor Analysis
- Market Dynamics
- Market Segmentation, By Product Type, Forecast Period up to 10 Years, (US$ Mn)
- Overview
- Market Value and Forecast (US$ Mn), and Share Analysis (%), 2019 — 2029
- Y-o-Y Growth Analysis (%), 2019 – 2029
- Segment Trends
- Tobacco Heating Product
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2029
- Vapour Products
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2029
- Snus
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2029
- E-cigarettes
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2029
- Overview
- Global Market, By Region, Forecast Period up to 10 Years, (US$ Mn)
- Overview
- Market Value and Forecast (US$ Mn), and Share Analysis (%), 2019 — 2029
- Y-o-Y Growth Analysis (%), 2019 – 2029
- Regional Trends
- North America
- Market Size and Forecast (US$ Mn), By Product Type, 2019 – 2029
- Market Size and Forecast (US$ Mn), By Country, 2019 – 2029
- U.S.
- Canada
- Europe
- Market Size and Forecast (US$ Mn), By Product Type, 2019 – 2029
- Market Size and Forecast (US$ Mn), By Country, 2019 – 2029
- Germany
- UK
- France
- Russia
- Italy
- Rest of Europe
- Asia Pacific
- Market Size and Forecast (US$ Mn), By Product Type, 2019 – 2029
- Market Size and Forecast (US$ Mn), By Country, 2019 – 2029
- China
- India
- Japan
- South Korea
- Rest of Asia Pacific
- Latin America
- Market Size and Forecast (US$ Mn), By Product Type, 2019 – 2029
- Market Size and Forecast (US$ Mn), By Country, 2019 – 2029
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- Market Size and Forecast (US$ Mn), By Product Type, 2019 – 2029
- Market Size and Forecast (US$ Mn), By Country, 2019 – 2029
- GCC
- Israel
- South Africa
- Rest of Middle East
- Overview
- Competitive Landscape
- Heat Map Analysis
- Market Presence and Specificity Analysis
- Company Profiles
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- British American Tobacco Plc
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Overview
- Imperial Brands PLC
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Overview
- Philip Morris International, Inc.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Overview
- Japan Tobacco, Inc.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Overview
- Swedish Match AB company
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Overview
- Turning Point Brands, Inc.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Overview
- Universal Corporation
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Overview
- British American Tobacco Plc
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- Section
- Research Methodology
- About Us
- Contact
FAQs
The market is segmented By Product Type (Tobacco Heating Product, Vapor Products, Snus, and E-Cigarettes), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa)
Next generation products are better alternatives to traditional products such as cigarette as they reduce the risk of tobacco-related diseases by eliminating the inhalation toxicants which is driving growth of the target market.
Europe next-generation products in tobacco market is expected to dominate over the forecast period. This can be attributed to increasing consumer preferences towards less risky products over traditional products, and easy availability of next generation products in countries of this region.
Key players have adopted mergers & acquisitions and new product developments to strengthen their positions in the Next-generation products in tobacco industry market. Key Players of the market are British American Tobacco Plc, Imperial Brands PLC, Philip Morris International Inc., Japan Tobacco Inc, Swedish Match AB company, Turning Point Brands, Inc. and Universal Corporation.