Increasing Use of Herbal Cigarettes as Props
Theater artists and film industry personalities around the globe often need to portray acts with smoking cessation products as a part of the script. Opting for herbal cigarettes helps to avoid the inconveniences occurred due to the consumption of conventional cigarettes during a performance. The increasing preference for such products by artists around the globe in the entertainment industry is thereby anticipated to drive the growth of the global herbal cigarettes market during the forecast period.
Growing Need Amongst Smokers to Avail Non-Addictive Smoking
Smoking conventional cigarettes are usually addictive in nature and hampers an individual’s health severely. Several ill health effects associated with the addiction to smoking cigarettes is leading the cigarette smokers around the globe to opt for non-addictive smoking products or quitting smoking in total. Smoking products such as herbal cigarettes diminish the likelihood of developing a series of health challenges associated with smoking nicotine and tobacco cigarettes. Moreover, smokers who smoke herbal cigarettes derive the pleasure of smoking without getting hooked or addicted to nicotine and tobacco. Furthermore, the gradual decrease in the habit of intake of nicotine helps a smoker quit smoking to a greater extent. As a result, individuals are increasingly availing for non-addictive smoking products that can contribute towards their effort of quitting smoking or avoiding tobacco and nicotine free smoking. Such a factor is thereby anticipated to drive the growth of the global herbal cigarettes market in the upcoming years. CLICK TO DOWNLOAD SAMPLE REPORT
Recent Trends and Opportunities
Owing to the rising concern for deaths arising due to the increasing exposure of individuals to second-hand tobacco smoke, concepts such as herbal smokeless cigarettes are anticipated to grow in the near future. Moreover, growing trend for smoking hookahs in a hookah lounge along with the rising number of hookah lounge and bars coupled with the concern for health effects arising due to smoking of tobacco and nicotine is anticipated to promote the concept of herbal shisha or herbal mu’assel as these products are free from tobacco or nicotine.
The global herbal cigarettes market is thriving on the back of growing demand for nicotine replacement products and the rising awareness amongst individuals for severe health diseases caused due to smoking of tobacco. According to the World Health Organization (WHO), the tobacco epidemic is one of the biggest public health threats around the world. Moreover, it also states that tobacco kills more than 8 million people each year. The rising concern for loss of lives caused due to smoking of tobacco products around the globe is thereby anticipated to raise the demand for nicotine replacement products and non-addictive alternatives to tobacco smoking impacting positively towards the growth of the global herbal cigarettes market.
The global herbal cigarettes market is anticipated to record a robust CAGR throughout the forecast period, i.e. 2020-2028. The 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 on the back of resemblance of the product form factor to that of a conventional cigarette. It is tough for an individual to quit smoking of tobacco products as smokers are obsessed to the nicotine drug. Although herbal cigarettes are often claimed to be free from nicotine and tobacco, a product with similar form factor can provide a smoker the look and feel of holding a conventional cigarette with the flavor of herbs.
Health Concerns with Herbal Cigarettes
Although herbal cigarettes are free from tobacco and nicotine, yet presence of tar, carbon monoxide and carcinogenic chemicals derived from the burning of the herbs inside the cigarette, are equally dangerous as compared to that of a conventional tobacco cigarette. Owing to such a factor, many nations across the globe do not favor the promotion of herbal cigarettes. Moreover, many herbal cigarettes have candy-like flavors that readily attract children and pose a threat for illegal sales to minors. Furthermore, several anti-smoking campaigns held around the world is contributing to the reducing number of individuals that prefers smoking, thereby hampering the sales of smoking products worldwide. Such factors are anticipated to act as a barrier to the growth of the global herbal cigarettes market.
Our in-depth analysis of the global herbal cigarettes market includes the following segments:
By Cigarette Material
By Distribution Channel
On the basis of regional analysis, the global herbal cigarettes market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region.
Asia Pacific and Europe nations are anticipated to hold the largest market share on the back of presence of nations such as Russia, China, Japan and others where prevalence of smoking amongst individuals is the highest when compared to other nations around the globe. According to the World Bank, 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 was the highest in Kiribati with 47%, followed by Montenegro with 45.9% and Greece with 43.4%.
The global herbal cigarettes market is further classified on the basis of region as follows:
In 2023, market players might incur losses due to huge gap in currency translation followed by contracting revenues, shrinking profit margins & cost pressure on logistics and supply chain.
Controlling Inflation has become the first priority for global economies from last quarter of 2022 and to be followed in 2023. With skewed economic situations, rise in interest rate by governments to control spending and inflation, spiked oil and gas prices, high inflation, geo-political issues including U.S. & China trade war, Russia-Ukraine conflict to intensify the global economic issues.
The interest rates in the U.S. may be less sensitive in 2023 as compared to 2022; sigh of relief for businesses. Positive business sentiments, healthy business balance sheets, growth in construction spending (private construction value in 2022 stood at $1,429.2 billion, 11.7 percent (±1.0 percent) above the $1,279.5 billion spent in 2021, Residential construction in 2022 was $899.1 billion, up by 13.3 percent (±2.1 percent) from $793.7 billion in 2021, non-residential construction touched $530.1 billion, 9.1 percent (±1.0 percent) above the $485.8 billion in 2021.) showcases minimal impact of recession in the country.
Similarly, spiked spending in the European and major Asia economics including, India, China & Japan to showcase less impact on the global demand.