Research Nester has released a report titled “Herbal Cigarettes Market – Global Demand Analysis & Opportunity Outlook 2028” which delivers detailed overview of the global herbal cigarettes market in terms of market segmentation by type, by flavor, by cigarette material, by distribution channel and by region.
Further, for the in-depth analysis, the report encompasses the industry growth drivers, restraints, supply and demand risk, market attractiveness, BPS analysis and Porter’s five force model.
The global herbal cigarettes market is segmented by type into cigarettes, beedis and roll-your-own, out of which, cigarettes segment is anticipated to hold the largest market share owing to preference for products that resemble the form factor of a conventional cigarette. Smoking is an addiction and for individuals who are in the process of quitting it, finds the process tough due to the addiction to the effect of nicotine drug to their body. As a result, there is a rising demand for products that provide smokers the pleasure of smoking and also provides the look and feel of holding a conventional cigarette.
The global herbal cigarettes market is anticipated to record a robust CAGR during the forecast period, i.e. 2020-2028. Rising concern for loss of lives amongst individuals along with the awareness for severe health diseases caused due to smoking of tobacco products is raising the demand for nicotine replacement products and non-addictive alternatives to tobacco smoking. Such a factor is anticipated to promote significantly towards the growth of the global herbal cigarettes market in the upcoming years. In the statistics by the World Health Organization (WHO), one of the biggest public health threats around the world is the tobacco epidemic which is known to kill more than 8 million people each year.
Regionally, the global herbal cigarettes market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. Among these regions, Asia Pacific and Europe is anticipated to hold the largest market share owing to high prevalence of smoking amongst individuals in the nations across the region such as Russia, China and Japan among others. In the statistics by the World Bank, Kiribati had the highest share of men and women aged 15 and older who used to smoke any tobacco product on a daily or non-daily basis in the year 2016 with 47%, which was followed by nations such as Montenegro with 45.9% and Greece with 43.4%.
Growing Need Amongst Smokers to Avail Non-Addictive Smoking
Smoking is an addictive habit which is known to hamper an individual’s health tremendously. Owing to the rising awareness for the ill effects of smoking, individuals around the globe are increasingly preferring for products that not only provides them the pleasure to smoke, but also doesn’t effect their health as much as that of a nicotine or tobacco filled cigarette, and also further contributes to the gradual decrease in the habit of smoking. Such a demand for availing non-addictive smoking practices is thereby anticipated to drive the growth of the global herbal cigarettes market in the near future.
However, concerns regarding several health-related issues along with the presence of tar, carbon monoxide and carcinogenic chemicals associated with herbal cigarettes that limits the sale and promotion of the product, along with the fear of threat held due to illegal sales to minors as herbal cigarettes are available in several candy-like flavors are some of the factors anticipated to limit the growth of the global herbal cigarettes market.
This report also provides the existing competitive scenario of some of the key players of the global herbal cigarettes market, which includes company profiling of Honeyrose Products Ltd., Billy 55, LLC, Maans Products (India), Brown Bear Herbs, LLC, 22nd & Everett, Eximburg International Pvt. Ltd., Real Leaf Herbs Ltd., Sinhal Herbs (Liferr), Mea Ame Global, and Hemp Toke. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global herbal cigarette market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.