The world loves to smoke. At the global level, the number of smokers continues to rise, propelled by the launch of new products including flavored tobacco products and alternative smoking methods like e-cigarettes and heat-not-burn products. With a market size of $932.11 billion in 2020 and an expected CAGR of 1.8% from 2021 to 2028, the tobacco industry is set to be a hotspot for dealmaking and expansion over the coming years. Driving that rise is a shift away from traditional tobacco products to electronic cigarettes and other alternative smoking devices like heat-not-burn (HNB), which have continued to ...
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Forget Tobacco. Smokers Finally Have Alternatives and the Market is Exploding