BUSINESS

Flavour Capsule Cigarette Market Size to Hit USD 24.85 Bn by 2030

Flavour Capsule Cigarette Market Studies have shown that the use of HTP products does not increase the risk of endothelial dysfunction, oxidative stress, or inflammation. This suggests that HTP products may pose lower health risks compared to traditional cigarettes.

The Flavor Capsule Cigarette Market has been steadily growing in recent years, attracting a significant number of smokers who are seeking a unique and customizable smoking experience. These cigarettes feature a small capsule embedded in the filter that can be crushed to release a burst of flavor, enhancing the taste and aroma of the tobacco.

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Some of the key players studied in this report are:

  • Marlboro
  • Kent
  • ITC Ltd
  • Benson & Hedge
  • L & M
  • Camel Double
  • British American Tobacco
  • Pall Mall
  • Lucky Strike Company
  • Dunhill

Market Size-

The SNS Insider report indicates that the Flavour Capsule Cigarette Market was valued at USD 10.63 billion in 2022, and it is projected to achieve a market size of USD 24.85 billion by 2030, with a compound annual growth rate (CAGR) of 11.2% expected over the forecast period from 2023 to 2030.

Market Report Scope –

The adoption of Heated Tobacco Products (HTPs) technology is driven by their potential for reduced exposure, making them a re-emerging product category. The growth of this technology is due to its ability to heat tobacco without combustion, thereby reducing the release of nicotine and other chemicals. Flavored capsule cigarettes, with a nicotine content ranging from 19% to 23% compared to conventional cigarettes, further fuel the demand for HTPs.

By Flavour:

  • Menthol Flavoured
  • Clove Flavoured
  • Fruit Flavoured
  • Others

By Product Type:

  • Single Capsule
  • Double Capsule
  • By Price Range:
  • Economic
  • Premium

By Distribution Channel:

  • Direct Sales
  • Indirect Sales
  • foods & beverages
  • Pharmaceutical
  • Textiles
  • Petrochemicals
  • Adhesives
  • Others

By Age group:

  • Adolescent
  • Young
  • Middle Age
  • Senior

Market Growth Factors –

Flavour Capsule Cigarette Market research findings indicate that nicotine constitutes a significant portion (57-83%) of cigarette emissions. Comparatively, at least 62 % lower than conventional products, HTP products emit significantly lower levels of toxicants. Furthermore, studies have shown that the risk of endothelial dysfunction, oxidation stress and inflammation is not increased by use of HTP products. The positive growth of the cigarette flavouring capsule market is a result of these factors.

Segmentation Analysis –

Cigarette smokers, both occasional and frequent, are shifting to dual pill flavouring tobacco products to enjoy a more personalized experience. Carbon or tube filters are fitted with dual pills. With two pills, customers are given a stronger flavour profile by allowing them to be burst once for each of the flavourings or 2 times when mixed with both flavours.

The extent to which the government exerts influence over tobacco product restrictions is determined by political factors. However, legal in addition to consumer law, safety standards and labor laws, factors cover both internal and external aspects. For example, the global trend of banning menthol capsules and flavourings in tobacco products is on a positive trajectory. products that could have a negative impact on the growth of the market.

Key Regional Development –

Europe’s cigarette flavor capsule market held a predominant portion of the overall industry of 37% when contrasted with different locales. It is inferred able from the way that the locale had the most noteworthy pervasiveness of smoking among youthful grown-ups, which is around 28%. In addition, the female greater part of smokers in the area is 2.5x the worldwide proportion. Furthermore, Russia had a male smoking pace of 59% and a female smoking pace of 22.80%, which have assisted the area with holding the predominant piece of the pie. Asia-Pacific is set to develop at a rewarding development. Coming up next is attributable to the rising more youthful populace in the accompanying district. For instance, 35% of the Indian populace’s age bunch is between 15-44, of which 356 million individuals have a place with the age section of 10-24. Furthermore, China is the biggest maker of tobacco and is possibly behind India’s young populace. In addition, the rising youthful populace will incline toward seasoned capsule cigarettes, and the public authority’s less severe arrangements will incline toward the development of the accompanying business sector.

Key Takeaway

Approximately 3.2 million middle and high school students were surveyed by the CDC which showed that they preferred flavored capsules for regular cigarettes. This age group has been specifically targeted by the brands as they are reported to be primary users of these products. Better taste, smooth inhalation and a wide range of flavour options that satisfy their tastes are behind the appeal for young people.

Recent Developments –

In June, Poda and Lifestyle Wellness Ltd. introduced the HeatNotBurn system for capsules of cigarettes which is patent protected 2021. It aims at eliminating the requirement for smokers to be cleaned.

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