Lucintel's latest market report analyzed that heated tobacco product provides attractive opportunities in the online and offline markets. The heated tobacco product market is expected to reach $XX billion by 2028 with a CAGR of 50% to 52%. In this market, stick is the largest segment by product, whereas offline is largest by distribution channel.
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Based on product, the heated tobacco product market is segmented into stick and leaf. The stick segment accounted for the largest share of the market in 2023 and is expected to register the highest CAGR during the forecast period, due to the high adoption of HTPs as a premium product, ease of use, and availability of flavours& additives.
Browse in-depth TOC on “Heated Tobacco Product Market”
XX – Tables
XX – Figures
150 – Pages
The Heated Tobacco Product Market is marked by the presence of several big and small players. Some of the prominent players offering heated tobacco product include Phillip Morris International, British American Tobacco, Japan Tobacco, KT&G, Imperial Brands, China Tobacco International Company, ad 3T Organics.
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