Report Id: SNS/F&B/1295 | May 2022 | Region: Global | 130 Pages
Report Scope & Overview:
The Flavor capsule cigarette market size was valued at US$ 9.56 Bn in 2021, and to reach U$ 20.10 Bn by 2028, with a CAGR of 11.2% over the forecast period 2022-2028.
Flavor Capsule Cigarettes are the kind of Cigarettes that accompanies flavor-changing capsule in the channel. For the most part Capsule cigarettes are seen as tasting better, being smoother on the throat because of low nicotine content, more amusing to smoke, and more appealing contrasted with non-seasoned cigarettes. Developing interest for flavor-based cigarettes and overhauled limited time techniques and new item dispatches by driving business sector players are key drivers for the development of Flavor Capsule Cigarette market. For example, as per World Health Organization (WHO's) gauges starting around 2021, Menthol enhanced cigarettes represent around 10% of the worldwide cigarette market.
Additionally, according to Tobacco-Free Kids Organization (An American non-benefit enrollment association) TRENDS IN TOBACCO INDUSTRY MARKETING 2020 report-in 2020, tobacco organizations spent USD 8.4 billion to showcasing of their items which is over USD 23 million every day. In 2020, over USD 7.8 billion was spent on cigarette showcasing alone, around 98% of this USD 7.8 billion was spent on cost limits, retail location publicizing, and in offering special recompenses to make cigarettes more reasonable and guarantee prime retail space. Additionally, with the rising reception of online deals channels and developing concentration over better smoking advancements, the reception and interest for Flavor Capsule Cigarette is probably going to build the market development during the estimated time frame. Be that as it may, severe unofficial laws and boycotts obstruct the development of the market over the estimated time of 2022-2028.
The reappearance of HTP innovation has helped the cigarette flavor capsule market.
The millennial inclination to pick enhanced capsule cigarettes over the previous.
The rising number of individuals deciding to smoke.
The main players in the market are likewise zeroing in on creating triple flavor capsule cigarettes to expand the smoking meeting of the client.
Different measures are taken by government bodies to moderate tobacco items.
Changing the visual picture on the packs to wealth the smoker to stop smoking.
The COVID-19 emergency will have long-haul social, financial, and well-being outcomes in the worldwide market. The tobacco business has not been seriously affected in most provincial business sectors temporarily.
Expanded tobacco charges by state-run administrations during and after the pandemic are probably going to cause variances, which will definitely intensify the ongoing shopper slump. The insight for an expansive scope of cultural well-being activity may drive extra legitimate imperatives in specific business sectors.
In spite of insufficient proof smokers who are hospitalized for COVID-19 are supposed to have a higher gamble of extreme results than nonsmokers. In any case, purchasers keep on purchasing tobacco items as indicated by British American Tobacco (BAT).
Key Market Segments:
By Product Type:
By Price Range:
By Distribution Channel:
foods & beverages
By Age group:
The menthol cigarette segment held a dominant share in the year 2020. It is owing to the fact that the following flavor has pre-existed in the market before the invention of “capsules,” and the adult populace frequently favor the following taste owing to lessen throat irritation and harshness post smoke. Moreover, brands such as BAT, ITC, and Marlboro have had menthol-flavored capsules within its product offerings from the last 10 years and have regularly encouraged the same.
The cigarette flavor capsule market in light old enough gathering can be additionally fragmented into teenagers, youthful, center, and senior. Notwithstanding, the youthful section overwhelmed the market in the year 2020. It is inferred able from the outrageous item makers' spotlight to advance items on the age gathering's preferences. Additionally, according to the different analysts, the accompanying age fragment has liked to smoke because of better taste-52%, for a smoother throat feel-41%, and happiness for tapping the capsule25%.
North America (U.S., Canada, Mexico)
Europe (Germany, United Kingdom (U.K.) France, Italy, Spain, Russia, and Rest of Europe)
Asia Pacific (China, Japan India, South Korea, Australia, and New Zealand, and Rest of Asia Pacific)
South America (Brazil, Argentina, and Rest of South America), Rest of the World (the Middle East, and Africa)
Europe's cigarette flavor capsule market held a predominant portion of the overall industry of 37% when contrasted with different locales. It is infer 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.
Be that as it may, 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.
Rest of Europe
Rest of Asia-Pacific
The Middle East & Africa
Rest of Middle East & Africa
Rest of Latin America
Major key players included in Flavour Capsule Cigarette Market are Marlboro, Kent, ITC Ltd, Benson & Hedge, L & M, Camel Double, British American Tobacco, Pall Mall, Lucky Strike Company, Dunhill.
|Market Size in 2021||US$ 9.56 Bn|
|Market Size by 2028||US$ 20.10 Bn|
|CAGR||CAGR 11.2% From 2022 to 2028|
|Report Scope & Coverage||Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook|
|Key Segments||• 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)
|Regional Analysis/Coverage||North America (USA, Canada, Mexico), Europe
(Germany, UK, France, Italy, Spain, Netherlands,
Rest of Europe), Asia-Pacific (Japan, South Korea,
China, India, Australia, Rest of Asia-Pacific), The
Middle East & Africa (Israel, UAE, South Africa,
Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America)
|Company Profiles||Marlboro, Kent, ITC Ltd, Benson & Hedge, L & M, Camel Double, British American Tobacco, Pall Mall, Lucky Strike Company, Dunhill.|
|Key Drivers||•The reappearance of HTP innovation has helped the cigarette flavor capsule market.
•The millennial inclination to pick enhanced capsule cigarettes over the previous.
|Restraints||•The rising number of individuals deciding to smoke.|
Frequently Asked Questions (FAQ) :
Ans: There is expanding center around better smoking advances on the lookout. Organizations are zeroing in on menthol contributions to meet purchaser inclinations.
Ans: Driving makers of flavor container cigarettes incorporate Argentina, Japan, Brazil, Chile, Guatemala, and Peru.
Ans: Flavor capsule cigarette market is segmented into Flavors, Product Type, Price Range, Distribution Channel, and Age group
Ans: The reappearance of HTP innovation has helped the cigarette flavor capsule market and the millennial inclination to pick enhanced capsule cigarettes over the previous, drives the market
Ans: The flavor capsule cigarette market size is supposed to reach US$ 16.4 billion by 2028.
Table of Contents
2. Research Methodology
3. Market Dynamics
4. Impact Analysis
4.1COVID 19 Impact Analysis
4.2Ukraine Russia Crisis
5. Value Chain Analysis
6. Porter’s 5 forces model
7. PEST Analysis
8. Flavour Capsule Cigarette, By Flavour
8.1 Menthol Flavoured
8.2 Clove Flavoured
8.3 Fruit Flavoured
9. Flavour Capsule Cigarette, By Product Type
9.1 Single Capsule
9.2 Double Capsule
10. Flavour Capsule Cigarette: By Price Range
11. Flavour Capsule Cigarette, By Distribution Channel
11.1 Direct Sales
11.2 Indirect Sales
11.3 foods & beverages
12. Flavour Capsule Cigarette, By Age group
12.3 Middle Age
13. Regional Analysis
13.2 North America
13.3.6 The Netherlands
13.3.Rest of Europe
13.4.6Rest of Asia-Pacific
13.5 The Middle East & Africa
13.6 Latin America
13.6.3Rest of Latin America
14. Company Profiles
14.1.2 Products/ Services Offered
14.1.3 SWOT Analysis
14.1.4 The SNS view
14.3 ITC Ltd
14.4 Benson & Hedge
14.5 L & M
14.6 Camel Double
14.7 British American Tobacco
14.8 Pall Mall
14.9 Lucky Strike Company
15. Competitive Landscape
15.1 Competitive Bench marking
15.2 Market Share analysis
15.3 Recent Developments
An accurate research report requires proper strategizing as well as implementation. There are multiple factors involved in the completion of good and accurate research report and selecting the best methodology to compete the research is the toughest part. Since the research reports we provide play a crucial role in any company’s decision-making process, therefore we at SNS Insider always believe that we should choose the best method which gives us results closer to reality. This allows us to reach at a stage wherein we can provide our clients best and accurate investment to output ratio.
Each report that we prepare takes a timeframe of 350-400 business hours for production. Starting from the selection of titles through a couple of in-depth brain storming session to the final QC process before uploading our titles on our website we dedicate around 350 working hours. The titles are selected based on their current market cap and the foreseen CAGR and growth.
The 5 steps process:
Step 1: Secondary Research:
Secondary Research or Desk Research is as the name suggests is a research process wherein, we collect data through the readily available information. In this process we use various paid and unpaid databases which our team has access to and gather data through the same. This includes examining of listed companies’ annual reports, Journals, SEC filling etc. Apart from this our team has access to various associations across the globe across different industries. Lastly, we have exchange relationships with various university as well as individual libraries.
Step 2: Primary Research
When we talk about primary research, it is a type of study in which the researchers collect relevant data samples directly, rather than relying on previously collected data. This type of research is focused on gaining content specific facts that can be sued to solve specific problems. Since the collected data is fresh and first hand therefore it makes the study more accurate and genuine.
We at SNS Insider have divided Primary Research into 2 parts.
Part 1 wherein we interview the KOLs of major players as well as the upcoming ones across various geographic regions. This allows us to have their view over the market scenario and acts as an important tool to come closer to the accurate market numbers. As many as 45 paid and unpaid primary interviews are taken from both the demand and supply side of the industry to make sure we land at an accurate judgement and analysis of the market.
This step involves the triangulation of data wherein our team analyses the interview transcripts, online survey responses and observation of on filed participants. The below mentioned chart should give a better understanding of the part 1 of the primary interview.
Part 2: In this part of primary research the data collected via secondary research and the part 1 of the primary research is validated with the interviews from individual consultants and subject matter experts.
Consultants are those set of people who have at least 12 years of experience and expertise within the industry whereas Subject Matter Experts are those with at least 15 years of experience behind their back within the same space. The data with the help of two main processes i.e., FGDs (Focused Group Discussions) and IDs (Individual Discussions). This gives us a 3rd party nonbiased primary view of the market scenario making it a more dependable one while collation of the data pointers.
Step 3: Data Bank Validation
Once all the information is collected via primary and secondary sources, we run that information for data validation. At our intelligence centre our research heads track a lot of information related to the market which includes the quarterly reports, the daily stock prices, and other relevant information. Our data bank server gets updated every fortnight and that is how the information which we collected using our primary and secondary information is revalidated in real time.
Step 4: QA/QC Process
After all the data collection and validation our team does a final level of quality check and quality assurance to get rid of any unwanted or undesired mistakes. This might include but not limited to getting rid of the any typos, duplication of numbers or missing of any important information. The people involved in this process include technical content writers, research heads and graphics people. Once this process is completed the title gets uploader on our platform for our clients to read it.
Step 5: Final QC/QA Process:
This is the last process and comes when the client has ordered the study. In this process a final QA/QC is done before the study is emailed to the client. Since we believe in giving our clients a good experience of our research studies, therefore, to make sure that we do not lack at our end in any way humanly possible we do a final round of quality check and then dispatch the study to the client.