Heated Tobacco Products Market Registering At a CAGR of 52.56% For The Forecast Period From 2019 To 2025 : Grand View Research Inc.
San Francisco, 21 November 2019: The Report Heated Tobacco Products Market Size, Share & Trends Analysis Report By Product (Stick, Leaf), By Distribution Channel (Online, Offline), By Region, And Segment Forecasts, 2019 – 2025 The global heated tobacco products market size is expected to reach USD 77.61 billion by 2025, according to a new report by Grand View Research, Inc. It is anticipated to expand at a CAGR of 52.56% during the forecast period. The growth is driven by rising consumer demand for reduced-risk tobacco products as they are claimed to be less harmful to health. Moreover, rise in marketing campaigns coupled with easy product approvals by the U.S. Food and Drug Administration (FDA) and the equivalent governing bodies from Europe and Asia is anticipated to fuel the product demand. The market is driven by high growth of tobacco sector in Asia and North America. Rise in middle class population coupled with increasing disposable income is projected to driv