Industry Background:
Herbal Cigarettes contain unique blend of all natural herbs, which are 100% tobacco and nicotine free. This is substitute product for tobacco and it is not as additive as tobacco. Herbal Cigarettes are made with herbs and plant materials. It provide satisfying experience of smoking. And it is not safe to smoke, it has no tobacco or nicotine but still deliver similar levels of tar and carbon monoxide. Herbal cigarettes are most common in Asia, especially in China where the tobacco industry is large and smoking range is high. Major producers of herbal cigarettes are found in Korea, Taiwan and Thailand.
According to AMA Research, the market for Herbal Cigarette is expected to register a CAGR of 10.6% during the forecast period to 2030. This growth is primarily driven by Rise in Usage of Herbal Cigarettes as Props and During Social Occasions
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Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Forecast Period | 2024-2030 |
Volume Unit | Million Units |
Value Unit | USD (Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
The Consumer Goods sector in the
region has been increasing at a sustainable rate and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Vendors, such as AMERICAN BILLY (United States), Honeyrose Products (United Kingdom), Nirdosh (United States), Herbal Healthcare (India), ITC Limited (India), Pavela Incense Inc. (India), Apara International (India) and Mittal Agencies (India), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
In January 2020, The Scandinavian Tobacco Group completed the acquisition of Agio Beheer B.V. from the Royal Agio Cigars group's Highlands Beheer B.V. This acquisition will help the company with further opportunities for revenue growth and in gaining a dominant share in the market.
In Ocotber 2021,The Oral Health Sciences Centre, PGI MER, has launched recently published a study on the online availability of herbal cigarettes/bidis, in an international peer-review journal. The research has highlighted the increased popularity of these products, especially among the youth. These products are being marketed as health-promoting products, which is a matter of great concern, says Prof Krishan Gauba, Head, OHSC-PGIMER.The Global Herbal Cigarettes Market Is Highly Competitive And Consists Of Some Key Players. In Terms Of Market Share, Few Of The Key Players Presently Dominate The Global Market. Key Vendors With A Prominent Share In The Global Market Are Concentrating On Escalating Their Client Base The World. These Market Players Are Leveraging On Strategic Collaborative Creativities To Intensification Their Market Share And Escalation Their Profitability. Key Vendors Operating In The Global Market Are Also Acquiring Start-Ups.
Regulatory Insights:
Australian State and Territory Governments Have Banned the Sale of Herbal and Cigarettes to Persons under the Age Of 18
Influencing Trend:
Significant Number of Public Awareness Programs and Campaigns
Market Growth Drivers:
Rise in Usage of Herbal Cigarettes as Props and During Social Occasions, It Get Promoted As a Quitting Aid and High Consumption after Switching To Herbal Cigarettes from Regular Cigarettes
Challenges:
High Popularity of E-Cigarettes and NRT Products
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mainly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Vendors landscape impacting the market's growth. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Data Sources of Herbal Cigarette Market Study
Primary Collection: InMail, LinkedIn Groups, Survey Monkey, Google, and Other professional Forums are some of the mediums utilized to gather primary data through key industry participants and appointees, subject-matter experts, C-level executives of Herbal Cigarette Industry, among others including independent industry consultants, experts, to obtain and verify critical qualitative commentary and opinion and quantitative statistics, to assess future market prospects.
The primary interviews and data collected as per the below protocols: By Designation: C-Level, D-Level, Others
By Company Type: Tier 1, Tier 2, Tier 3
Secondary Data Sources such as Annual reports, Press releases, Analyst meetings, Conference calls, Investor presentations, Management statements, and SEC filings of Herbal Cigarette players along with Regulatory Sites, Association, World bank, etc were used as sources secondary set of data.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Herbal Cigarette Study Sheds Light on
The Herbal Cigarette Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Herbal Cigarette industry Vendors. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Herbal Cigarette industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Vendors can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.