PROSPECTS AND OPPORTUNITIES
Possibility of stricter legislation for e-vapour products
While e-vapour products is expected to grow steadily during the forecast period, South Korea’s market faces increasing regulatory uncertainty. The most pressing issue is the lack of a unified tax structure, particularly the gap between synthetic and natural nicotine.
Heated tobacco to rise as player increase investment in branding
Heated tobacco products in South Korea is expected to maintain robust retail volume and current value growth rates throughout the forecast period. As the shift from conventional tobacco products to alternatives has progressed, and this is set to continue, heated tobacco products will remain pivotal and is anticipated to sustain significant growth.
Tech advancements will drive development
From a product development perspective, there are tobacco heating devices that offer remarkable advances, providing consumers with more choices through technological innovation. KT&G, for instance, introduced a new device called Lil Able, featuring artificial intelligence (AI) technology as its key feature.
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Overview:
Understand the latest market trends and future growth opportunities for the Smokeless Tobacco, E-Vapour Products and Heated Tobacco industry in South Korea with research from Euromonitor International's team of in-country analysts – experts by industry and geographic specialisation.
Key trends are clearly and succinctly summarised alongside the most current research data available. Understand and assess competitive threats and plan corporate strategy with our qualitative analysis, insight and confident growth projections.
If you're in the Smokeless Tobacco, E-Vapour Products and Heated Tobacco industry in South Korea, our research will help you to make informed, intelligent decisions; to recognise and profit from opportunity, or to offer resilience amidst market uncertainty.
The Smokeless Tobacco, E-Vapour Products and Heated Tobacco in South Korea report includes:
- Analysis of key supply-side and demand trends
- Detailed segmentation of international and local products
- Historic volume and value sizes, company and brand market shares
- Five year forecasts of market trends and market growth
- Robust and transparent research methodology, conducted in-country
This report answers:
- What is the market size of Smokeless Tobacco, E-Vapour Products and Heated Tobacco in South Korea?
- Which are the leading brands in Smokeless Tobacco, E-Vapour Products and Heated Tobacco in South Korea?
- How are products distributed in Smokeless Tobacco, E-Vapour Products and Heated Tobacco in South Korea?
- Which category is the most heavily taxed in South Korea?
- How is the operating environment for Smokeless Tobacco, E-Vapour Products and Heated Tobacco changing?
- What are the current legislative restrictions applicable to the sale of Smokeless Tobacco, E-Vapour Products and Heated Tobacco products in South Korea?
- How has COVID-19 impacted demand?
- How have national lockdown and enforced home seclusion following COVID-19 impacted sales?
- Where is future growth expected to be most dynamic?
Smokeless Tobacco, E-Vapour Products and Heated Tobacco in South Korea - Category analysis
KEY DATA FINDINGS
Strong growth seen in 2024
BubbleMon faces increased competition
Tobacco specialists, e-commerce and convenience stores as strong channels
Possibility of stricter legislation for e-vapour products
Heated tobacco to rise as player increase investment in branding
Tech advancements will drive development
Tobacco in South Korea - Industry Overview
Tobacco in 2024: The big picture
2024 key trends
Competitive landscape
Retail developments
What next for tobacco?
Legislation
Legislative overview
Minimum legal smoking age
Smoking prevalence
Tar levels
Health warnings
Plain packaging
Advertising and sponsorship
Point-of-sale display bans
Smoking in public places
Flavoured tobacco product ban
Vapour products
PRODUCTION/IMPORTS/EXPORTS
DISCLAIMER
The following categories and subcategories are included:
Smokeless Tobacco, E-Vapour Products and Heated Tobacco
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- Chewing Tobacco
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- Loose US-Style Moist Snuff
- Portion US-Style Moist Snuff
- Swedish-Style Snus
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- Closed System Single Use
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- Closed System Rechargeable (including starter kits)
- Closed System Cartridges
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- Open Vaping Systems Charging and Vapourising Devices
- E-liquids
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- Tobacco Heating Devices
- Heated Tobacco
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- Nicotine Pouches
Smokeless Tobacco, E-Vapour Products and Heated Tobacco
Combined total of the four categories: Smokeless (including moist snuff and chewing tobacco), e-vapour products, heated tobacco and tobacco free oral nicotine.
See all of our definitionsWhy buy this report?
- Gain competitive intelligence about market leaders
- Track key industry trends, opportunities and threats
- Inform your marketing, brand, strategy and market development, sales and supply functions
This report originates from Passport, our Smokeless Tobacco, E-Vapour Products and Heated Tobacco research and analysis database.
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