About Flavour Capsule Cigarette
Flavour Capsule Cigarettes are manufactured as Flavours are added to tobacco products to improve Flavor and taste by reducing the harshness, bitterness, and astringency. The flavours are added at any of several stages during the manufacturing process. Manufacturers include a small capsule in or near the filter which can be broken to release additional menthol or other flavouring solutions.
Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 5.1% |
The flavored capsule cigarette market is expected to face continued challenges due to health concerns and regulations. However, innovation, strategic marketing, and focus on emerging markets could still lead to growth for some players. The rise of alternative nicotine products also requires companies to adapt and explore new markets or product categories. Analyst at AMA Research estimates that Japan Vendors will contribute the maximum growth to Global Flavour Capsule Cigarette market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Philip Morris USA Inc. (United States), British American Tobacco plc (United Kingdom), Gold Flake Corporation Limited (India), ITC Ltd. (India), R.J. Reynolds Tobacco Company (United States), American conglomerate Altria (United States), Dunhill tobacco products (United Kingdom) and Japan Tobacco International (Japan) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Flavour Capsule Cigarette market by Type (Single Capsule and Double Capsule) and Region.
On the basis of geography, the market of Flavour Capsule Cigarette has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Size, the sub-segment i.e. Micro Capsules will boost the Flavour Capsule Cigarette market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Sales Channel, the sub-segment i.e. Online will boost the Flavour Capsule Cigarette market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Flavor, the sub-segment i.e. Menthol Flavor will boost the Flavour Capsule Cigarette market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Launching Newer Products Such as Double Capsule Flavour Cigarette
Market Growth Drivers:
Growth in Number of People Choosing to Smoke Flavoured Cigarettes Than the Conventional Non-Flavoured Ones
Challenges:
Higher Costs of Flavour Capsule Cigarette than Conventional Cigarettes
Restraints:
Stringent Government Regulations about Cigarettes
Opportunities:
Preference of Mixed Flavours and Introduction of Electronic Cigarette
Market Leaders and their expansionary development strategies
In Janaury 2024, Coinciding with the launch of this collaboration comes the announcement of Canada Goose's newest Global Brand Ambassador, NBA All-Star, Shai Gilgeous-Alexander.
In November 2023, JTI is launching an innovation for the UK’s No. 1 cigarette brand, Sterling. Available from 26th November in all channels, Sterling Fresh Taste on Demand combines the popularity of Sterling with the demand for capsule cigarettes providing retailers with a new revenue stream within the UK’s fastest growing tobacco sector.
July 2017 FDA: A comprehensive plan for tobacco and nicotine regulation to better protect kids and significantly reduce tobacco-related disease and death. and The Federal Food, Drug, and Cosmetic Act (FD&C Act): Tobacco products imported or offered for import into the United States must comply with all the applicable requirements.
Key Target Audience
Flavour Capsule Cigarette Manufacturer, Raw Material Manufacturer, Government Regulatory Bodies and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.