Sep 08, 2020, 14:00 EST
Bronx, United States, Sep 08, 2020, 14:00 /Comserve / -- The global herbal cigarettes market is anticipated to record a robust CAGR during the forecast period, i.e. 2020-2028.
Research Nester has released a report titled “Herbal Cigarettes Market – Global Demand Analysis & Opportunity Outlook 2028” which also includes some of the prominent market analyzing parameters such as industry growth drivers, restraints, supply and demand risk, market attractiveness, year-on-year (Y-O-Y) growth comparisons, market share comparisons, BPS analysis, SWOT analysis and Porter’s five force model.
The World Health Organization (WHO), in one of its statistics stated that tobacco epidemic is one of the biggest public health threats around the world which is known to kill more than 8 million people each year.
The statistics portray the rising concern for health related issues arose due to smoking of cigarettes. Cigarette smoking is an addiction which is not easy to discard for smokers. As a result, products that provide the pleasure of smoking and also gradually helps to reduce the addiction are a growing trend amongst the smokers. Herbal cigarettes are a type of cigarette that are usually made up of several type of herbs and plant parts which doesn’t contain tobacco or nicotine. As such, these products help to reduce the addiction of smokers as smoking herbal cigarettes provides the look and feel of smoking but lacks the addiction to nicotine and tobacco. CLICK TO DOWNLOAD SAMPLE REPORT
Moreover, theater artists and film industry personalities use herbal cigarettes to perform the act of smoking as these cigarettes helps them to avoid the inconveniences that might occur due to smoking of conventional cigarettes. The growing preference for products amongst smokers that help them to reduce addiction to smoking along with the need amongst artists for performing acts in the entertainment industry are some of the factors anticipated to drive the growth of the global herbal cigarettes market.
The global herbal cigarettes market is anticipated to record a robust CAGR during the forecast period, i.e. 2020-2028. The market is segmented by type into cigarettes, beedis and roll-your-own. Among these segments, cigarettes segment is anticipated to hold the largest market share on account of the form factor of the product type which provides pleasure to the smoker in terms of its look and feel as well as greater number of individuals preferring cigarette as a choice of smoking product.
Geographically, the global herbal cigarettes market is segmented by five major regions into North America, Europe, Middle East & Africa, Asia-Pacific and Latin America region, out of which, Asia Pacific and Europe regions are anticipated to hold the largest market share on account of presence of several nations where the prevalence for smoking is often very high. The World Bank, in another statistics, stated that in the year 2016 Kiribati had the highest share with 47% for men and women aged 15 and older who used to smoke any tobacco product on a daily or non-daily basis. It was followed by nations such as Montenegro with 45.9% and Greece with 43.4%.
However, concerns for several health-related effects of smoking herbal cigarettes along with awareness campaigns for anti-smoking habits around the world which might impact the sales of manufacturers are some of the factors estimated to act as a barrier to the growth of the global herbal cigarettes market.
This report also studies existing competitive scenario of some of the key players of the global herbal cigarettes market, which includes profiling of Honeyrose Products Ltd., Billy 55, LLC, Maans Products (India), Brown Bear Herbs, LLC, 22nd & Everett, Eximburg International Pvt. Ltd., Real Leaf Herbs Ltd., Sinhal Herbs (Liferr), Mea Ame Global, and Hemp Toke.
The profiling enfolds key information of the companies which comprises of business overview, products and services, key financials and recent news and developments. Conclusively, the report titled “Herbal Cigarettes Market – Global Demand Analysis & Opportunity Outlook 2028”, analyses the overall herbal cigarettes industry to help new entrants to understand the details of the market. In addition to that, this report also guides existing players looking for expansion and major investors looking for investment in the global herbal cigarettes market in the near future. CLICK TO DOWNLOAD SAMPLE REPORT
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