Global Market for New Tobacco Products to Reach $79.47B by 2022

Mar.15.2023
Global Market for New Tobacco Products to Reach $79.47B by 2022
The global market for new tobacco products is expected to reach $79.47 billion by 2022, with strong growth in vaping and heated non-burning products.

According to research firm Euromonitor, the global market for new tobacco products is expected to reach $79.47 billion by 2022, with a growth rate of 17.1%. The report indicates that smokeless tobacco will account for $13.95 billion, with a growth rate of 4.9%, while vaping will account for $26.81 billion, with a growth rate of 17.8%. The heated, non-combustible category is projected to reach $33.38 billion, with a growth rate of 15.8%.


In the field of vaping, there is expected to be a growth of 15.9% in North America, 27.0% in Western Europe, and 14.5% in the Asia Pacific region in the year 2022. The growth in the Western European market is particularly notable, largely due to the rapid increase in sales of disposable e-cigarettes. However, the growth in the Asia Pacific region is expected to slow down due to the short-term market demand being affected by the flavor ban in the Chinese market, which will come into effect in Q4 of 2022.


In terms of non-burning heating products, the Asia-Pacific market is expected to grow by 12.1% in 2022, while Eastern Europe is expected to grow by 34.3% and Western Europe is expected to grow by 4.8%.


Data source: Euromonitor


This document has been generated through artificial intelligence translation and is provided solely for the purposes of industry discourse and learning. Please note that the intellectual property rights of the content belong to the original media source or author. Owing to certain limitations in the translation process, there may be discrepancies between the translated text and the original content. We recommend referring to the original source for complete accuracy. In case of any inaccuracies, we invite you to reach out to us with corrections. If you believe any content has infringed upon your rights, please contact us immediately for its removal.

Thailand Offers $90 Bounty for Illegal E-Cigarette Reports
Thailand Offers $90 Bounty for Illegal E-Cigarette Reports
Thailand has launched a public enforcement initiative offering cash rewards of up to $90 for reporting illegal e-cigarette use or sales.
Apr.23 by 2FIRSTS.ai
French Anti-Tobacco Group Sues Aroma King Over 6-MN Marketing, Calls for Ban on Synthetic Nicotine Products
French Anti-Tobacco Group Sues Aroma King Over 6-MN Marketing, Calls for Ban on Synthetic Nicotine Products
The French anti-smoking group CNCT plans to sue e-cigarette brand Aroma King for using 6-methyl nicotine (metatin), a synthetic compound that may be more addictive than regular nicotine. CNCT is urging a full ban on all nicotine-like substances to protect public health.
May.26 by 2FIRSTS.ai
Product|BAT Japan Launches glo Hilo with 5-Second Heat-up Time in Japan
Product|BAT Japan Launches glo Hilo with 5-Second Heat-up Time in Japan
BAT Japan has launched its latest heated tobacco device, glo Hilo, in Miyagi Prefecture on June 9. The device features a 5-second preheat time and Bluetooth connectivity with the “myglo” app, allowing users to track puff count and customize session duration. It is priced at ¥3,980 (approximately $23.44).
Jun.09 by 2FIRSTS.ai
Goldman Sachs: Chinese Brands Geek Bar and Breeze Surge in U.S. Market as Juul, Vuse Lose Share
Goldman Sachs: Chinese Brands Geek Bar and Breeze Surge in U.S. Market as Juul, Vuse Lose Share
Chinese brands Geek Bar, Raz, and Breeze are quickly rising in the U.S. e-cigarette market, now holding a combined 25.1% share, Goldman Sachs reports. While Vuse and Juul lost ground, Geek Bar Pulse jumped 729%, Raz 233%, and Breeze 105% over the past year.
May.22 by 2FIRSTS.ai
2Firsts Insight | DOJO Launches Own E-Liquid Brand, Set to Hit Shelves in Germany
2Firsts Insight | DOJO Launches Own E-Liquid Brand, Set to Hit Shelves in Germany
The e-cigarette brand DOJO has unveiled DOJOLIQ, its self-developed e-liquid line co-created with the VAPORESSO team. The product comes in 10ml bottles and features 10 flavors, primarily fruit-based. It is now listed on several German online vape retail platforms and will be available for purchase soon.
Jun.10 by 2FIRSTS.ai
Queensland, Australia Seizes 76,000 E-cigarettes and Tobacco Products Worth $20.8M
Queensland, Australia Seizes 76,000 E-cigarettes and Tobacco Products Worth $20.8M
Recently, Queensland, Australia seized a record amount of illegal e-cigarettes and tobacco products, totaling 76,000 items worth about 20.8 million Australian dollars. The operation, supported by heavy fines introduced in April, collected 5.09 million Australian dollars in the first week. It aims to combat the illegal market and protect youth.
May.06 by 2FIRSTS.ai