Smokeless Cigarettes Market: By Product (Non-electric, Electric), By Distribution Channel (Offline, Online), and by Geography

 

 

Smokeless Cigarette Market was valued at USD 65,042.0 million in 2022 and is poised to grow at a CAGR of 15.9% over 2023-2029. Smokeless Cigarette is a battery-powered gadget called an electronic cigarette that releases a vaporized substance for inhalation that looks like a cigarette or cigar. The nicotine content of the liquid can range from “very high” to zero. The market for smokeless cigarettes is anticipated to be driven by a shift in customer preference toward nicotine-free cigarettes due to the risk of cancer of the head, throat, neck, esophagus, and oral cavity. According to the CDC, in 2021, 11.5% of U.S. adults (an estimated 28.3 million people) with 13.1% being men, and 10.1% being women. Moreover, the availability of different flavors gives an opportunity for market participants in the smokeless cigarette industry to make substantial profits. For instance, in July 2021, BIDI Stick, a disposable e-cigarette company debuted novel flavour names including Marigold, Icy Mango, Mint Freeze, Solar, and Berry Blast. Furthermore, in order to combat anti-vaping legislation and regulate the industry, the vaping industry has set up a variety of organizations to keep an eye on and encourage the growth of these markets. But, on the other side, regional government bans on the sale of vaping products and e-liquids in nations like the United States of America, Japan, and India have recently limited market expansion to some extent. However, due to its easy availability, cheap price, attractive flavor, and less physical harm relative to regular cigarettes its easy availability, cheap price, attractive flavor, and less physical harm relative to regular cigarettes and growing focus on delivering sustainable alternatives for the surging youth population is anticipated to burgeon the market in forecasted years.

Smokeless Cigarettes Market Key Developments:

• In June 2022, Kaival Brands Innovations Group, Inc. KAVL, the U.S. distributor of all products manufactured by Bidi Vapor, LLC (Bidi Vapor), signed an agreement with Philip Morris Products S.A. (PMPSA), a wholly owned affiliate of Philip Morris International Inc. (PMI) PM, for the development and distribution of electronic nicotine delivery system (ENDS) products in markets outside of the U.S.
• In December 2020, Japan Tobacco Inc. announced its partnership with Sauber Engineering AG, a prototype and technology developer. Through this partnership, the companies would continue to collaborate on enhancing the user experience of JTI's vaping products.