E-Cigarette Market Research Report: Forecast (2023-2028)
The Global E-cigarettes Market is projected to grow at a CAGR of around 3.3% during the forecast period, i.e., 2023-28. The growth of the market is likely to be driven primarily by the increasing urge in consumers to quit smoking tobacco products as well as their perception of e-cigarettes as a less risky alternative to traditional cigarettes owing to benefits, including no smoke & pollution, reduced health-related issues, and the ability to smoke in public areas.
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Global E-Cigarette Market Recent Developments
- In February 2023, Philip Morris International (PMI) launched VEEBA in the UK market, i.e., a premium, responsible, & sustainable disposable e-vapor device for use by adult smokers as well as existing adult nicotine users seeking a better alternative to continued smoking.
- In October 2022, British American Tobacco PLC launched Vuse Go in Germany. It is a pre-filled, pocket-sized disposable e-cigarette for adult nicotine users & smokers looking for a reduced-risk alternative to cigarettes.
Leading Companies in E-Cigarette Market:
-British American Tobacco PLC
-Philip Morris International Inc.
-Altria Group, Inc.
-Imperial Brands PLC
-JWEI Group
-J Well France
-Japan Tobacco Inc.
-Ritchy Group Limited
-Juul Labs Inc.
-Innokin Technology
-NJOY Inc.
-R. J. Reynolds Vapor Company
-Shenzhen Kanger Technology Co., Ltd
-NicQuid
-Others
Segmentation of the Industry
The E-Cigarette Market is highly fragmented and bifurcates into the following segmentations:
By Type
-Completely Disposable Model
-Rechargeable but Disposable Cartomizer
-Personalized Vaporizer
- Of them all, the rechargeable segment holds a larger share of the Global E-Cigarette Market mainly due to their lower costs.
By Battery Mode
-Automatic E-cigarette
-Manual E-cigarette
By Flavour
-Tobacco
-Botanical
-Fruit
-Sweet
-Beverage
-Others
By Distribution Channel
-Online Retail
-Offline Retail
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Regional Landscape
On the geographical front, the E-Cigarette Market expands across the following:
By Region
-North America
-South America
-Europe
-Middle East & Africa
-Asia-Pacific
- Of all regions globally, North America holds a prominent share of the E-Cigarette Market.
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