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The approvals by the government bodies are expected to drive innovation in hot tobacco manufacturing, thus driving the market during the forecast period.

The global hot tobacco market is expected to grow from $7.86 billion in 2022 to $8.2 billion in 2023 at a compound annual growth rate (CAGR) of 4.4%. The global hot tobacco market size is expected to grow from $9.53 billion in 2027 at a CAGR of 3.8%.

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Global Hot Tobacco Market Segments Include:

• By Product: HNB Tobacco Devices, Direct/Indirect Heating HnB TobacCo., Infused/Hybrid HnB Tobacco Devices, HnB Tobacco Consumables, HnB Tobacco Sticks, HnB Tobacco Capsules & Cartridges
• By Type: Devices, Capsules, Vaporizers
• By Distribution Channel: Retail Stores, Online
• By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Asia Pacific is the largest region in the global hot tobacco market in 2021.

Major Market Players in the hot tobacco market include Philip Morris International, Japan Tobacco International (JTI), British American TobacCo., Imperial Brands, KT&G Corp., Eli Lilly and Company.

The launch of new heated tobacco products across the globe is a leading trend driving the growth of the hot tobacco products market. For instance, in August 2021, Japan Tobacco Inc., a Japan-based company operating in the heated tobacco company, introduced Ploom X, its next-generation heated tobacco device. Ploom X is equipped with a new heating technology, HEATFLOW®, which focuses on airflow, significantly improving user experience and Bluetooth® capabilities that allow users to connect with their smartphones, view the battery level, lock the device, and do a lot more. Therefore, the continuous launch of new hot tobacco products into the market is projected to be a major trend in the market over the coming years.

The Hot Tobacco Global Market Report 2023  provides a hot tobacco market overview for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The hot tobacco market forecast analyzes hot tobacco market size, hot tobacco market share, leading competitor market positions. The regions covered in the report include Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa and the countries include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Hot tobacco is also known as heated tobacco or heat-not-burn tobacco or hybrid tobacco. Heated Tobacco Products (HTPs) produce aerosols containing nicotine and other chemicals, which are inhaled by users through the mouth. These use specific tobacco products to be heated at temperatures below combustion levels. Hot tobacco products release flavors with nicotine and allow the user to enjoy tobacco without combustion.

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