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.

EVE Energy Plans ¥8.65 Billion Investment in Malaysia for Energy Storage Base, Applies for Hong Kong IPO
EVE Energy Plans ¥8.65 Billion Investment in Malaysia for Energy Storage Base, Applies for Hong Kong IPO
Eve Energy plans $8.65 billion investment in Malaysia for energy storage battery base, submits H-share IPO application.
Jul.02 by 2FIRSTS.ai
[2Firsts Special Report] EPO Enlarged Board of Appeal Issues Key Decision: China YTI Gains Procedural Advantage in Heated Tobacco Patent Dispute with Philip Morris
[2Firsts Special Report] EPO Enlarged Board of Appeal Issues Key Decision: China YTI Gains Procedural Advantage in Heated Tobacco Patent Dispute with Philip Morris
The EPO’s Enlarged Board of Appeal has issued decision G 1/24, confirming that claims must always be interpreted with reference to the description and drawings. This standard supports the position of China YTI in its heated tobacco patent dispute with Philip Morris, giving the Chinese company a procedural advantage. The case now returns to the Technical Board of Appeal for further review.
Jun.19
Smoore Announces Equity Incentive Plan: Grants Over 4M Shares to 49 Employees, Valued at Over HK$54.14M
Smoore Announces Equity Incentive Plan: Grants Over 4M Shares to 49 Employees, Valued at Over HK$54.14M
Smoore International has granted a total of 4.004 million shares to 49 employees under its share award and option plans. The package includes 1.614 million awarded shares and 2.39 million options exercisable at HK$13.52 per share, with a total value of HK$54.14 million.
May.08 by 2FIRSTS.ai
  Modified Risk Applications for ZYN Nicotine Pouches Now Under FDA Scientific Review
Modified Risk Applications for ZYN Nicotine Pouches Now Under FDA Scientific Review
FDA has accepted MRTP applications for 20 ZYN nicotine pouches, following their PMTA approval in January. Public comment period now open.
Jun.18
Product | GEEKBAR Launches Slimor E-cigarette in U.S. Featuring 32,000 Puffs and 0.89-Inch Round Display
Product | GEEKBAR Launches Slimor E-cigarette in U.S. Featuring 32,000 Puffs and 0.89-Inch Round Display
GEEKBAR has launched its latest device, the Slimor 32K, in the U.S. market. Designed for heavy use, the Slimor offers up to 32,000 puffs and features a 0.89-inch round display showing both e-liquid and battery levels. The device comes primarily in fruit flavors and is priced at $17.99.
May.26 by 2FIRSTS.ai
PMI Brazil CEO Urges Policy Rethink, Backs Smoke-Free Alternatives Like IQOS and Zyn
PMI Brazil CEO Urges Policy Rethink, Backs Smoke-Free Alternatives Like IQOS and Zyn
Branko Svarcic, CEO of Philip Morris Brazil, says the country should rethink its public health approach, especially on e-cigarettes and heated tobacco. While Brazil has banned e-cigarettes since 2009, products like IQOS and Zyn are seen as harm-reduction tools in many countries. He urged the government to learn from global examples and update its policies.
May.26 by 2FIRSTS.ai