The global Smokeless Cigarettes Market is likely to reach a market valuation of USD 32,289.1 million by the year 2023. The overall market is anticipated to progress with a CAGR of 14.6% from 2023 to 2033. The market share is anticipated to reach USD 126,154.3 million by 2033 end.
The global smokeless cigarettes market is likely to be driven by rising consumer consciousness of the harmful consequences of smoking use in the foreseeable future. Further, because of the increasing number of smoking bans and public knowledge about the dangers of smoking, the market size is projected to expand.
According to the new market research report on smokeless cigarettes, quoting from the report issued by the USA Food and Drug Administration, around 39.4% of children in the United States used e-cigarettes by the month of March of 2022, as opposed to 18.9% who smoked regular cigarettes.
The sales of smokeless cigarettes are projected to change over time as a result of the simplicity of using them, price, and ethical considerations. As reported by the Centers for Disease Control and Prevention CDCP, in 2020, more than 2 out of every 100 individuals in the United States of America accounts for almost 2.3% of the population reported using smokeless electronic cigarettes, totaling 5.7 million persons.
The Smokeless cigarettes market growth is projected to be accelerated by rising customer acceptance of easy smoking and access to less harmful goods. According to another paper released by WHO in December 2020, the use of smokeless cigarettes by many millennial adults in Latvia climbed from 9.1% in the year 2011 to 18% by the end of 2019.
The market size is expected to surge in terms of revenue due to its easy availability, cheap price, attractive flavor, and less physical harm relative to regular cigarettes available around the world. Additionally, a growing focus on delivering sustainable alternatives for the surging youth population is also expected to help the smokeless cigarettes business develop over the coming years.
| Attributes | Details |
|---|---|
| Global Smokeless Cigarettes Market Valuation in 2022 | USD 28,423.5 million |
| Estimated Global Market Share in 2023 | USD 32,289.1 million |
| Forecasted Global Market Size by 2033 | USD 126,154.3 million |
| Projected Global Market Growth Rate from 2023 to 2033 | 14.6% CAGR |
| Historical Market Growth Rate from 2018 to 2022 | 12.6% |
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Consumer preference for varied flavored items presents a significant potential for market participants. Similarly, advancements in technology by the leading players in the smokeless cigarettes industry are anticipated to help to expand the sector.
The vaping industry has created many organizations to resist anti-vaping legislation and to regulate the sector for monitoring, and promoting the development of the e-cigarette and vaping markets. This factor is anticipated to boost the market key trends and opportunities in the forecast period.
Regional government restrictions on the sale of vaping goods and e-liquids in countries like the United State of America and India, on the other hand, have hampered market expansion to certain degrees in the recent past.
Likewise, rigorous trading laws have made it hard for retail consumers to procure vaping equipment for recreational purposes as well as restraining the growth opportunities in several parts of the world.
Existing cigarette rules, at the other extreme, are anticipated to identify e-cigarettes as a healthy option for tobacco use and propel the market trends further. Therefore, regulating the technology to ensure safe circulation and usage of smokeless cigarette products can be regarded as a game changer for the target market development.
Principal Consultant
By the end of the year 2022, as per the market statistics, the electric-type smokeless cigarette sector had the high cut of revenue amounting to nearly 81.2%. And this segment is likely to continue the market growth throughout the projection period.
The non-electric smokeless cigarettes category, on the other hand, is expected to increase at a quick rate throughout the projection period, with a record CAGR of nearly 17.3% from 2023 to 2033.
| Category | By Type |
|---|---|
| Top Segment | Electric |
| Market Share in Percentage | 81% |
| Category | By Distribution Channel |
|---|---|
| Top Segment | Offline |
| Market Share in Percentage | 81.6% |
Which are the Key Contributing Distribution Channels of the Global Smokeless Cigarettes Market?
As per the market report by FMI, the offline category had a notable percentage of revenue standing at nearly 80. The sales of smokeless cigarettes in a variety of retail shops, malls, as well as other chain stores are the main driving force for the high-value generation of this segment, as estimated in the year 2021.
The privilege for shoppers to check out and sample these products prior to buying a particular choice at any retail or offline store is projected to fuel this smoking cigarettes market segment throughout the projected timeframe.
The online distribution channel category of the global market is anticipated to expand at the high rate of 18.0% during the forecast period. Also, users prefer to buy smokeless cigarettes online because of the advantages based on discounted cost, speed, and exposure to a great selection of items.
Buyers, around the world, also find it much easy to buy e-cigarettes in large bulk over online platforms, which again are projected to fuel the market expansion in the global market.
| Regional Market Comparison | Global Market Share in Percentage |
|---|---|
| North America | 48.3% |
| Europe | 29.7% |
According to the market survey in United States of America and Canada, due to the online presence of significant businesses selling e-cigarettes and vaping goods, such as JUUL Labs Inc., North America ranked first in terms of profit share of 47.9% in 2021.
The product is predicted to gain popularity throughout the region as young folks want to experience smokeless cigarettes as a potential substitute for tobacco.
Europe’s market is predicted to increase considerably throughout the forecast period. Also, E-cigarettes and vaping from vendors including British American Tobacco Plc'sVype and Imperial Brands Plc'sBlu have been approved by the European health authorities as a better option than tobacco smoking, which is likely to boost the market growth there.
| Regional Market Comparison | Global Market Share in Percentage |
|---|---|
| The United States | 40.4% |
| Germany | 8.3% |
| Japan | 4.7% |
| Australia | 2% |
Over the course of the projected period spanning 2023 to 2033, the market size in the Asia Pacific is estimated to capture a CAGR of 15.8%. Moreover, the participation of established product manufacturers in China as well as expanding demographic advantage for retailers is expected to support the regional growth of the concerned market.
On top of that, the provision for authorized e-cigarettes as a preferable alternative against tobacco smoking from different health agencies such as the National Medical Products Administration or NMPA is projected to fuel the growth opportunities in the area.
The majority of e-cigarettes or smokeless cigarettes are manufactured and supplied by nations like China and other Asia Pacific countries. China’s market promises a lot of favorable opportunities for global players.
| Regional Markets | CAGR (2023 to 2033) |
|---|---|
| The United Kingdom | 14.2% |
| China | 16.7% |
| India | 15.1% |
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Considering the presence of numerous worldwide and regional smokeless cigarette companies, the target market is undoubtedly fragmented. To grow their client base and brand loyalty, many smokeless cigarettes market key players are investing hugely in customer acquisition and advertising schemes.
Some of the efforts in this perspective, recognized by the market analysis report are VUSE CBD Zone, which is BAT's first CBD vaping product, which was released in January of the previous year, and RELX. It is a premium vape brand, was released in Saudi Arabia in the following month of August.
Recent Developments in the Global Smokeless Cigarettes Market:
The market is predicted to be worth USD 126,154.3 million by 2033.
The market is predicted to develop at a CAGR of 14.6% through 2033.
The electric type smokeless cigarette segment held 81.2% of the global market share.
JUUL Labs Inc., Japan Tobacco Inc., and Imperial Brands Plc are the leading market players.
The global market was valued at 28,423.5 million in 2022.
1. Executive Summary 2. Market Overview 3. Market Background 4. Global Market Analysis 2018 to 2022 and Forecast, 2023 to 2033 5. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Type 5.1. Electric 5.2. Non-electric 6. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Distribution Channel 6.1. Offline 6.2. Online 6.3. Others 7. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Region 7.1. North America 7.2. Latin America 7.3. Western Europe 7.4. Eastern Europe 7.5. South Asia and Pacific 7.6. East Asia 7.7. Middle East and Africa 8. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 9. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 10. Western Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 11. Eastern Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 12. South Asia and Pacific Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 13. East Asia Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 14. Middle East and Africa Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 15. Key Countries Market Analysis 16. Market Structure Analysis 17. Competition Analysis 17.1. JUUL Labs Inc. 17.2. British American Tobacco Plc 17.3. RELX Technology Co. Ltd. 17.4. Imperial Brands Plc 17.5. Japan Tobacco Inc. 17.6. Shenzhen Joye Technology Co Ltd. 17.7. Shenzhen IVPS Technology Co Ltd. 17.8. Shenzhen Kanger Technology Co Ltd. 17.9. Shenzhen Eigate Technology Co Ltd. 17.10. Flavourart Srl 18. Assumptions & Acronyms Used 19. Research Methodology
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Smokeless Cigarettes Market
