E-Cigarette Market

E-Cigarette Market Surges with a Robust 3.3% CAGR in 2023-28 Forecast

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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MarkNtel Advisors is a leading consulting, data analytics, and market research firm that provides an extensive range of strategic reports on diverse industry verticals. We being a qualitative & quantitative research company, strive to deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, and individuals, among others.

We have our existence across the market for many years and have conducted multi-industry research across 80+ countries, spreading our reach across numerous regions like America, Asia-Pacific, Europe, the Middle East & Africa, etc., and many countries across the regional scale, namely, the US, India, the Netherlands, Saudi Arabia, the UAE, Brazil, and several others.

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