Lucintel's latest market report analyzed that smokeless cigarettes provides attractive opportunities in the offline and online market. The smokeless cigarettes market is expected to reach $XX billion by 2027 with a CAGR of 16% to 18%. In this market, electric is the largest segment by product type, whereas offline is largest by application. Greater exposure experienced by the growing proportion of youth generation, cost-effective solution than traditional tobacco and improving income situation of a large section of people around the world provides strategic growth path in this market.
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Based on product type, the smokeless cigarettes market is segmented into non-electric and electric. The electric segment accounted for the largest share of the market in 2022 and is expected to register the highest CAGR during the forecast period, due to increasing consumer adoption of convenient smoking coupled with the availability of low-cost products, and use of these devices has increased customer acceptance.
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The Smokeless Cigarettes Market is marked by the presence of several big and small players. Some of the prominent players offering smokeless cigarettes include JUUL Labs Inc., British American Tobacco Plc, RELX Technology Co. Ltd., Imperial Brands Plc, Japan Tobacco Inc., Shenzhen Joye Technology Co Ltd., Shenzhen IVPS Technology Co Ltd., Shenzhen Kanger Technology Co Ltd., Shenzhen Eigate Technology Co Ltd., Flavourart Srl.
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This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link [email protected].
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Lucintel, the premier global management consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, growth consulting, M&A, and due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.
Brandon Fitzgerald
Lucintel
Dallas, Texas, USA
Email: [email protected]
Tel. 972.636.5056
Cell: 303.775.0751
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