Smokeless Cigarettes Market: Global Industry Analysis and Forecast (2024-2030)
Smokeless Cigarettes Market size was valued at USD 26.12 Bn. in 2023 and the total Smokeless Cigarettes revenue is expected to grow at a CAGR of 15 % from 2024 to 2030, reaching nearly USD 69.48 Bn. by 2030.
Format : PDF | Report ID : SMR_1782
Smokeless Cigarettes Market Overview:
Smokeless cigarettes, also known as electronic cigarettes or e-cigarettes, are battery-operated devices that vaporize a liquid solution containing nicotine, flavorings, and other chemicals. Producing nicotine vapor from a solution rather than by burning tobacco means that electronic cigarette vapor is free from almost all of the many toxic chemicals that accompany nicotine in cigarette smoke. Not all electronic cigarettes include nicotine some simply produce vapor for inhalation, but these are not popular among users.
Additionally, growing consumer awareness and preferences for smokeless options present opportunities for market growth. The segmentation of the smokeless cigarettes market is characterized by various product types, Electric and non-electric. Additionally, the market is divided based on distribution channels, such as online and offline. Understanding these segments enables companies to tailor their strategies to specific consumer preferences and regulatory landscapes, fostering sustained growth in the evolving smokeless cigarettes market. The Smokeless Cigarettes Market includes the key strategic developments of the market, comprising R&D, new product launches, M&A, agreements, collaborations, partnerships, joint ventures, and regional growth of the leading competitors operating in the market on a global and regional scale.
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Smokeless Cigarettes Market Dynamics:
E-Cigarette Market Growth Propelled by Rising Youth Adoption and Smoker Transition to Smokeless Alternatives
Rising demand for e-cigarette and vaping markets has been driving the Smokeless Cigarettes Market. The use of e-cigarettes has led to children and young adults taking up smoking, as e-cigarette users are more likely to try tobacco products, which has propelled the market growth. The USA and some European countries have shown increases in e-cigarette use among young people. Growing consumer awareness and preferences for smokeless options are driving the Smokeless Cigarettes Market. Many smokers view e-cigarettes as a less harmful alternative and use them to gradually reduce or quit smoking altogether. Additionally, the growing trend of vaping among younger demographics, coupled with the availability of a wide variety of flavors and customizable options, is fuelling demand in the market.
Impact of Stringent Regulatory Measures on the Growth Trajectory of the Smokeless Cigarettes Market
Surging rules and regulations regarding health prevalence have impacted the growth of the Smokeless Cigarettes Market. For Instance, U.S. Food and Drug Administration (FDA) regulations designed to protect the health of young Americans, minors no longer buy e-cigarettes in stores or online (see "Government Regulation of E-cigarettes"). The Institute for Global Tobacco Control at the Johns Hopkins Bloomberg School of Public Health keeps a database of international e-cigarette laws. 30 countries ban the sale of all types of e-cigarettes, 49 countries regulate the sale of e-cigarettes or require marketing authorization before sale, and four countries prohibit the sale of nicotine-containing e-cigarettes.
Smokeless Cigarettes Market Segment Analysis:
By product, the Electric Segment held the largest share of the Smokeless Cigarettes Market in 2023. The United States is undergoing rapid growth in the e-cigarette market, driven by a shift towards healthier alternatives to traditional tobacco products. The longer ENDS and other e-cigarettes are on the market. Vapes, vaporizers, vape pens, hookah pens, electronic cigarettes (e-cigarettes or e-cigs), e-cigars, and e-pipes are some of the many tobacco product terms used to describe electronic nicotine delivery systems (ENDS). ENDS are manufactured to look like conventional combusted cigarettes, cigars, or pipes. Some resemble pens or USB flash drives.
Larger devices, such as tank systems or mods, bear little or no resemblance to cigarettes. These products are reusable parts, or they are disposable and only used once before they are thrown away. Disposable e-cigarettes, which skyrocketed in popularity the product’s exemption from federal restrictions on flavored e-cigarettes, make up over half of the e-cigarette market. Disposable brands Elf Bar and Breeze Smoke are among the top-selling e-cigarette brands alongside Vuse, JUUL, and NJOY. Average nicotine concentrations in disposable e-cigarettes have increased at a higher rate than in other types of e-cigarettes.
Smokeless Cigarettes Market Regional Insight:
North America region held largest market share in 2023 for the Smokeless Cigarettes Market. Market players in the US are offering a wide variety of flavors of e-cigarettes with new Flavors being launched frequently. Also, a growing perception that vaping and e-cigarettes have a fashionable appeal. It is fuelling market growth in the region through the forecast period. Amazon online stores that sell nicotine and nicotine-free cigarettes supplied by Breather Supreme Herbal in several countries including India and the United States of America. Iqos has more than 11 million global customers and claims that 8 million people have abandoned cigarettes for Iqos.
Smoke-free products account for 14% of the company’s net revenue as cigarette sales are falling. The company hopes that 40 million of its cigarette smokers use smoke-free products by 2025. The US is the largest market in the world for vape products. 9% of US adults vape regularly or occasionally. Oklahoma has the highest rate of e-cigarette usage, followed by Louisiana, Nevada, Ohio, Tennessee, and Kentucky.
The Europe region held XXX % market share in the Smokeless Cigarettes Market in 2023. The adoption rate of disposable e-cigarettes is significantly high in the United Kingdom, France, and Germany. The demand for fruit-flavored e-cigarettes is also significantly gaining popularity in the region. The United Kingdom has been most active in promoting e-cigarettes as a reduced-harm alternative to cigarettes. Public Health England has encouraged the National Health Service to make e-cigarettes available to smokers looking to quit or switch. The UK allows for the licensing of e-cigarettes as medicinal quitting aids, but no manufacturer has yet taken the route to product approval. In addition, the UK has stringent restrictions on the marketing of e-cigarettes.
Smokeless Cigarettes Market Competitive Landscape:
- In June 2023, Imperial Brands plc announced the acquisition of nicotine pouches from TJP Labs intending to make a foray into the U.S. oral market. The acquisition will enable ITG Brands, the company’s U.S. operation, to offer 14 different product types in a pouch that performs well in consumer testing. Through this acquisition, TJP Labs aims to reinforce its commitment to developing products that promote global harm reduction, customer choice, and flexibility.
- In June 2023, Altria Group, Inc. announced the acquisition of NJOY Holdings, Inc., a vaping company. The company will market NJOY e-vapor products under NJOY, LLC (NJOY), an Altria subsidiary. Moreover, NJOY's products will be distributed by Altria Group Distribution Company.
- In August 2023, Quebec's health minister announced the ban on vaping products with a flavor or aroma other than tobacco. The government also be limiting the maximum nicotine concentration of all vaping products sold in the provinces to 20 mg/ml.
Smokeless Cigarettes Market Scope:
Smokeless Cigarettes Market |
|
Market Size in 2023 |
USD 26.12 Bn. |
Market Size in 2030 |
USD 69.48 Bn. |
CAGR (2024-2030) |
15 % |
Historic Data |
2018-2022 |
Base Year |
2023 |
Forecast Period |
2024-2030 |
Segments |
By Product Type Electric Non-electric |
Distribution Channel Online Offline |
|
Regional Scope |
North America- United States, Canada, and Mexico Europe – UK, France, Germany, Italy, Spain, Sweden, Russia, and Rest of Europe Asia Pacific – China, India, Japan, South Korea, Australia, ASEAN, Rest of APAC Middle East and Africa - South Africa, GCC, Egypt, Rest of the Middle East and Africa South America – Brazil, Argentina, Rest of South America |
Smokeless Cigarettes Market Key Players:
- JUUL Labs, Inc. - USA
- British American Tobacco plc - United Kingdom
- Imperial Brands plc - United Kingdom
- Philip Morris International Inc. - USA
- Japan Tobacco Inc. Japan
- Altria Group, Inc. – USA
- RELX Technology Co. Ltd.
- Flavourart Srl
- La Gloria Cubana
- H. Upmann
- Scandinavian Tobacco Group A/S
Frequently Asked Questions
Surging rules and regulations regarding health prevalence in the market are a challenge for the Smokeless Cigarettes Market growth.
The Market size was valued at USD 26.12 Billion in 2023 and the total Market revenue is expected to grow at a CAGR of 15% from 2024 to 2030, reaching nearly USD 69.48 Billion.
The segments covered in the market report are by Product Type and Distribution channel.
1. Research Methodology
1.1 Research Data
1.1.1. Primary Data
1.1.2. Secondary Data
1.2. Market Size Estimation
1.2.1. Bottom-Up Approach
1.2.2. Top-Down Approach
1.3. Market Breakdown and Data Triangulation
1.4. Research Assumption
2. Smokeless Cigarettes Market Executive Summary
2.1. Market Overview
2.2. Market Size (2023) and Forecast (2024 – 2030) and Y-O-Y%
2.3. Market Size (USD) and Market Share (%) – By Segments and Regions
3. Global Smokeless Cigarettes Market: Competitive Landscape
3.1. SMR Competition Matrix
3.2. Key Players Benchmarking
3.2.1. Company Name
3.2.2. Headquarter
3.2.3. Product Segment
3.2.4. End-user Segment
3.2.5. Y-O-Y%
3.2.6. Revenue (2023)
3.2.7. Profit Margin
3.2.8. Market Share
3.2.9. Company Locations
3.3. Market Structure
3.3.1. Market Leaders
3.3.2. Market Followers
3.3.3. Emerging Players
3.4. Consolidation of the Market
3.4.1. Strategic Initiatives and Developments
3.4.2. Mergers and Acquisitions
3.4.3. Collaborations and Partnerships
3.4.4. Product Launches and Innovations
4. Smokeless Cigarettes Market: Dynamics
4.1. Smokeless Cigarettes Market Trends by Region
4.1.1. North America
4.1.2. Europe
4.1.3. Asia Pacific
4.1.4. Middle East and Africa
4.1.5. South America
4.2. Smokeless Cigarettes Market Drivers
4.3. Smokeless Cigarettes Market Restraints
4.4. Smokeless Cigarettes Market Opportunities
4.5. Smokeless Cigarettes Market Challenges
4.6. PORTER’s Five Forces Analysis
4.6.1. Intensity of the Rivalry
4.6.2. Threat of New Entrants
4.6.3. Bargaining Power of Suppliers
4.6.4. Bargaining Power of Buyers
4.6.5. Threat of Substitutes
4.7. PESTLE Analysis
4.7.1. Political Factors
4.7.2. Economic Factors
4.7.3. Social Factors
4.7.4. Technological Factor
4.7.5. Legal Factors
4.7.6. Environmental Factors
4.8. Technological Roadmap
4.9. Consumer Behavior Analysis
4.10. Value Chain Analysis
4.11. Regulatory Landscape
4.11.1. Market Regulation by Region
4.11.1.1. North America
4.11.1.2. Europe
4.11.1.3. Asia Pacific
4.11.1.4. Middle East and Africa
4.11.1.5. South America
4.11.2. Impact of Regulations on Market Dynamics
4.11.3. Government Schemes and Initiatives
5. Smokeless Cigarettes Market: Global Market Size and Forecast by Segmentation (by Value in USD Million and Volume in Units) (2023-2030)
5.1. Smokeless Cigarettes Market Size and Forecast, by Product Type (2023-2030)
5.1.1. Electric
5.1.2. Non-electric
5.2. Smokeless Cigarettes Market Size and Forecast, by Distribution Channel (2023-2030)
5.2.1. Online
5.2.2. Offline
5.3. Smokeless Cigarettes Market Size and Forecast, by Region (2023-2030)
5.3.1. North America
5.3.2. Europe
5.3.3. Asia Pacific
5.3.4. Middle East and Africa
5.3.5. South America
6. North America Smokeless Cigarettes Market Size and Forecast by Segmentation (by Value in USD Million and Volume in Units) (2023-2030)
6.1. North America Smokeless Cigarettes Market Size and Forecast, by Product Type (2023-2030)
6.1.1. Electric
6.1.2. Non-electric
6.2. North America Smokeless Cigarettes Market Size and Forecast, by Distribution Channel (2023-2030)
6.2.1. Online
6.2.2. Offline
6.3. North America Smokeless Cigarettes Market Size and Forecast, by Country (2023-2030)
6.3.1. United States
6.3.2. Canada
6.3.3. Mexico
7. Europe Smokeless Cigarettes Market Size and Forecast by Segmentation (by Value in USD Million and Volume in Units) (2023-2030)
7.1. Europe Smokeless Cigarettes Market Size and Forecast, by Product Type (2023-2030)
7.2. Europe Smokeless Cigarettes Market Size and Forecast, by Distribution Channel (2023-2030)
7.3. Europe Smokeless Cigarettes Market Size and Forecast, by Country (2023-2030)
7.3.1. United Kingdom
7.3.2. France
7.3.3. Germany
7.3.4. Italy
7.3.5. Spain
7.3.6. Sweden
7.3.7. Austria
7.3.8. Rest of Europe
8. Asia Pacific Smokeless Cigarettes Market Size and Forecast by Segmentation (by Value in USD Million and Volume in Units) (2023-2030)
8.1. Asia Pacific Smokeless Cigarettes Market Size and Forecast, by Product Type (2023-2030)
8.2. Asia Pacific Smokeless Cigarettes Market Size and Forecast, by Distribution Channel (2023-2030)
8.3. Asia Pacific Smokeless Cigarettes Market Size and Forecast, by Country (2023-2030)
8.3.1. China
8.3.2. S Korea
8.3.3. Japan
8.3.4. India
8.3.5. Australia
8.3.6. Indonesia
8.3.7. Malaysia
8.3.8. Vietnam
8.3.9. Taiwan
8.3.10. Rest of Asia Pacific
9. Middle East and Africa Smokeless Cigarettes Market Size and Forecast by Segmentation (by Value in USD Million and Volume in Units) (2023-2030)
9.1. Middle East and Africa Smokeless Cigarettes Market Size and Forecast, by Product Type (2023-2030)
9.2. Middle East and Africa Smokeless Cigarettes Market Size and Forecast, by Distribution Channel (2023-2030)
9.3. Middle East and Africa Smokeless Cigarettes Market Size and Forecast, by Country (2023-2030)
9.3.1. South Africa
9.3.2. GCC
9.3.3. Nigeria
9.3.4. Rest of ME&A
10. South America Smokeless Cigarettes Market Size and Forecast by Segmentation (by Value in USD Million and Volume in Units) (2023-2030)
10.1. South America Smokeless Cigarettes Market Size and Forecast, by Product Type (2023-2030)
10.2. South America Smokeless Cigarettes Market Size and Forecast, by Distribution Channel (2023-2030)
10.3. South America Smokeless Cigarettes Market Size and Forecast, by Country (2023-2030)
10.3.1. Brazil
10.3.2. Argentina
10.3.3. Rest Of South America
11. Company Profile: Key Players
11.1. JUUL Labs, Inc. - USA
11.1.1. Company Overview
11.1.2. Business Portfolio
11.1.2.1. Product Name
11.1.2.2. Product Details (Price, Features, etc.)
11.1.3. Financial Overview
11.1.3.1. Total Revenue
11.1.3.2. Segment Revenue
11.1.3.3. Regional Revenue
11.1.4. SWOT Analysis
11.1.5. Strategic Analysis
11.1.6. Recent Developments
11.2. British American Tobacco plc - United Kingdom
11.3. Imperial Brands plc - United Kingdom
11.4. Philip Morris International Inc. - USA
11.5. Japan Tobacco Inc. Japan
11.6. Altria Group, Inc. – USA
11.7. RELX Technology Co. Ltd.
11.8. Flavourart Srl
11.9. La Gloria Cubana
11.10. H. Upmann
11.11. Scandinavian Tobacco Group A/S
12. Key Findings
13. Analyst Recommendations
13.1. Strategic Recommendations
13.2. Future Outlook