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E-Cigarette Market By Product Type (Disposable, Rechargeable, and Modular), Flavor (Tobacco, Botanical, Fruit, Sweet, Beverage, and Others), and Distribution Channel (Specialist E-cig Shops, Online, Supermarkets, Tobacconist, and Others): Global Industry Outlook, Market Size, Business Intelligence, Consumer Preferences, Statistical Surveys, Comprehensive Analysis, Historical Developments, Current Trends, and Forecast 2020–2026

Covid-19

Global E-Cigarette Market Size, Share

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Industry Insights

This specialized and expertise oriented industry research report scrutinizes the technical and commercial business outlook of the e-cigarette industry. The report analyzes and declares the historical and current trends analysis of the e-cigarette industry and subsequently recommends the projected trends anticipated to be observed in the e-cigarette market during the upcoming years.

The e-cigarette market report analyzes and notifies the industry statistics at the global as well as regional and country levels in order to acquire a thorough perspective of the entire e-cigarette market. The historical and past insights are provided for FY 2016 to FY 2019 whereas projected trends are delivered for FY 2020 to FY 2026. The quantitative and numerical data is represented in terms of value (USD Million) from FY 2016 – 2026.

The quantitative data is further underlined and reinforced by comprehensive qualitative data which comprises various across-the-board market dynamics. The rationales which directly or indirectly impact the e-cigarette industry are exemplified through parameters such as growth drivers, restraints, challenges, and opportunities among other impacting factors.

Throughout our research report, we have encompassed all the proven models and tools of industry analysis and extensively illustrated all the key business strategies and business models adopted in the e-cigarette industry. The report provides an all-inclusive and detailed competitive landscape prevalent in the e-cigarette market.

The report utilizes established industry analysis tools and models such as Porter’s Five Forces framework to analyze and recognize critical business strategies adopted by various stakeholders involved in the entire value chain of the e-cigarette industry. The e-cigarette market report additionally employs SWOT analysis and PESTLE analysis models for further in-depth analysis.

The report study further includes an in-depth analysis of industry players' market shares and provides an overview of leading players' market position in the e-cigarette sector. Key strategic developments in the e-cigarette market competitive landscape such as acquisitions & mergers, inaugurations of different products and services, partnerships & joint ventures, MoU agreements, VC & funding activities, R&D activities, and geographic expansion among other noteworthy activities by key players of the e-cigarette market are appropriately highlighted in the report.

The e-cigarette market research report delivers an acute valuation and taxonomy of the e-cigarette industry by practically splitting the market on the basis of different types, category and regions. Through the analysis of the historical and projected trends, all the segments and sub-segments were evaluated through the bottom-up approach, and different market sizes have been projected for FY 2020 to FY 2026. The regional segmentation of the e-cigarette industry includes the complete classification of all the major continents including North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. Further, country-wise data for the e-cigarette industry is provided for the leading economies of the world.

E-cigarette, commonly referred as electronic cigarette, is a device that stimulates smoking. Electronic cigarette consists of non combustible tobacco. NHS England estimates that electronic cigarette is nearly 95% less harmful than smoking tobacco. Electronic cigarette has a heating element inside it which evaporates liquid present in the e-cigarette. The user inhales vapor created from liquid by electronic cigarette. Vapors of an electronic cigarette are made up of particulate matter. The liquid present in the electronic cigarette, known as e-liquid, possesses nicotine. E-liquid usually contains vapor products like glycol, nicotine, glycerin, additives, flavoring, etc. The composition of e-liquid may vary from brand to brand and device to device. Using electronic cigarette is also referred as vaping.

In recent years, the number of tobacco smokers has increased due to increase in the number of population and easy availability and low cost of tobacco. Electronic cigarettes are mainly used by those who consume tobacco products. Adults who are planning to quit tobacco smoking look up to e-cigarette as a supplement. This consumer preference has driven the demand for the global e-cigarette market. Moreover, introduction of new flavors and additives to the e-cigarette is attracting attracted new customers This widening customer base has also contributed to the growth of the global e-cigarette market. However, stringent mandates by government authorities on vaping and e-cigarette products has been a key challenge to the expansion of e-cigarette market.

The e-cigarette market is segmented based on product type, flavor, distribution channel, and region. On the basis of product type, the market is classified into disposable, rechargeable, and modular. On the basis of flavor, the market is classified into tobacco, botanical, fruit, sweet, beverage, and others. On the basis of distribution channel, the market is classified into specialist E-cig shops, online, supermarkets, tobacconist, and others.

Some of the essential players operating in the e-cigarette market, but not restricted to include Philip Morris International Inc., British American Tobacco p.l.c., Altria Group Inc., Japan Tobacco Inc., Imperial Brands PLC, JUUL Labs Inc., NJOY LLC, Turning Point Brands Inc., Vapor Hub International Inc., FIN Branding Group LLC, Shenzhen iSmoka Electronics Co. Ltd., Shenzhen IVPS Technology Corporation Ltd., Innokin Technology Co. Ltd, Shenzhen Kanger Technology Co. Ltd., and Others.

logoThe taxonomy of the e-cigarette industry by its scope and segmentation is as follows:

logo By Product Type Segmentation Analysis

  • Disposable
  • Rechargeable
  • Modular

logo By Flavor Segmentation Analysis

  • Tobacco
  • Botanical
  • Fruit
  • Sweet
  • Beverage
  • Others

logo By Distribution Channel Segmentation Analysis

  • Specialist E-cig Shops
  • Online
  • Supermarkets
  • Tobacconist
  • Others

logo Regional Segmentation Analysis

  • North America
    • The U.S.
    • Canada
  • Europe
    • Germany
    • The UK
    • France
    • Spain
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

Covid-19

E-Cigarette Market

The pandemic continues to cause unprecedented disruption across industries worldwide.Get detailed insights regarding the impact of COVID-19 on the market. Request Sample

logoKey Insights from Primary Research

  • According to our primary research, the global e-cigarettes market is anticipated to grow at a CAGR of 17% over the forecasted period.
  • The growing millennial population and increasing number of tobacco smokers has been a primary growth driving factor for the global e-cigarettes market.
  • On the basis of the product type, the rechargeable segment held a major share in the global e-cigarettes market in 2019. In terms of revenue, it accounted an approximate 45% share of the total market in 2019.
  • Asia Pacific segment is expected to foresee the fastest growth over the projected period. The growth in the number young population and changing lifestyle is expected to drive the Asia Pacific e-cigarettes market.
  • Our primary respondents estimated that the government regulation on sales of e-cigarettes is likely to hinder the market growth

logoKey Recommendations from Analysts

  • Adults who smoke tobacco opt for both e-cigarettes and cigarettes. The number of frequent adult smokers has been rising steadily over the last few years. Such rise has also contributed for the growth of the e-cigarettes market.
  • According to our analysts, the global e-cigarettes market is anticipated to grow to a market value of approximately USD 45 billion by 2026.
  • In terms of flavor, the tobacco segment held a major share of approximately 40% in the global e-cigarettes market in 2019.
  • According to our analysts, introduction of flavored e-cigarettes in the global market is likely to attract new customers, thereby creating new avenues for the global e-cigarettes market.
  • On the basis of distribution channel, the segment held a major share of nearly 35% in the global e-cigarettes market in 2019.

logoThe Global E-Cigarettes Market Share Analysis by Product Type, 2019

Covid-19

E-Cigarette Market

The pandemic continues to cause unprecedented disruption across industries worldwide.Get detailed insights regarding the impact of COVID-19 on the market. Request Sample

Industry Major Market Players

  • Philip Morris International Inc.
  • British American Tobacco p.l.c.
  • Altria Group Inc.
  • Japan Tobacco Inc.
  • Imperial Brands PLC
  • JUUL Labs Inc.
  • NJOY LLC
  • Turning Point Brands Inc.
  • Vapor Hub International Inc.
  • FIN Branding Group LLC
  • Shenzhen iSmoka Electronics Co. Ltd.
  • Shenzhen IVPS Technology Corporation Ltd.
  • Innokin Technology Co. Ltd
  • Shenzhen Kanger Technology Co. Ltd.

Frequently Asked Questions

Strict enforcement of laws by government authorities mandating E-Cigarette Market.
According to Facts and Factors research report, the global E-Cigarette Market accrued earnings worth approximately XX (USD Billion) in 2020 and is predicted to gain revenue of about XX(USD Billion) by 2028, is set to record a CAGR of nearly XX% over the period from 2021 to 2028.
North America will contribute lucratively towards the global market value over the estimated timeline. The regional market surge is subject to large-scale presence of giant participants in countries such as the U.S. Apart from this, favorable compensation policies along with high acceptance of new E-Cigarette Market will drive regional market trends. With regional governments enforcing strict laws pertaining to drug abuse, the market for E-Cigarette Market in North America is set to witness exponential growth over years to come. Legalization of cannabis in countries such as Canada and U.S. through passing of acts in parliament is likely to enlarge scope of E-Cigarette Market in North America over coming decade.
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