Dublin, Nov. 04, 2019 (GLOBE NEWSWIRE) -- The "Global Heat-Not-Burn Tobacco Product Market (2019-2025): Market Forecast by Product Type, by Demography, by Sales Channels, by Regions, and Competitive Landscape" report has been added to ResearchAndMarkets.com's offering.

Report Scope

• This report thoroughly covers the market by product type by demography, by sales channels and by regions including North America, Latin America, Europe, Asia-Pacific, and Middle East & Africa.
• The report provides an unbiased and detailed analysis of the on-going trends, opportunities/high growth areas and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.
  

According to this research, global heat-not-burn (HnB) product market is projected to grow at a CAGR of 19.3% during the forecast period 2019-2025

Changing consumer preferences, promotion of heat-not-burn tobacco products and increasing number of stores with HnB products are driving the growth of the market. Heated tobacco products are gaining popularity due to a general curiosity and rising health concerns among the consumers.

The Asia-Pacific region holds the majority of the market share in the overall global HnB market. This is due to the fact that Asia-Pacific has a significantly large smoking population and the social acceptance of heat-not-burn tobacco product in the region is substantially high. Europe is the second largest regional market after the Asia-Pacific region.

By sales channel, the offline mode captured the majority of the revenue share due to the presence of a large number of retail stores that sell the product. Another major factor driving the demand for heat-not-burn tobacco product via offline sales channel is that the offline stores generally provide a chance to inspect the product before actual use.

Companies Profiled

• British American Tobacco
• Japan Tobacco International
• KT&G Corporation
• Philip Morris International Inc.
  

The report provides a detailed analysis of the following market segments:

By Product Type

• Tobacco Stick Packs
• Devices

By Demography

• Gender
  • Male
  • Female
• Age Group
  • 18-39 years
  • 40-59 years
  • Above 59 years

By Sales Channel

• Online
• Offline

By Regions

• Europe
  • Italy
  • Poland
  • Germany
  • Russia
• Asia-Pacific
  • South Korea
  • Japan
  • Malaysia
• Americas
• Middle East & Africa

For more information about this report visit https://www.researchandmarkets.com/r/lf9y2

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