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Global E-Cigarette Market Share Is Likely To Reach At A CAGR Value Of Around 16.20% By 2028

14-Jun-2022 | Facts and Factors

According to Facts and Factors, the global E-Cigarette market was valued at USD 17,429.5 million in 2021 and is predicted to increase at a CAGR of 16.20% to USD 42,906.36 million by 2028. The study examines the market in terms of revenue in each of the major regions, which are classified into countries.

A battery, an atomizer, and an inhaler make up an electronic cigarette, which simulates tobacco smoking without the use of tobacco. The device contains a liquid solution containing or without nicotine that is heated and transformed into vapors before being breathed, making it less dangerous than regular cigarettes. This device has been seen as a feasible alternative to regular cigarettes since it provides benefits such as zero smoke, less pollution, fewer health-related problems, and the ability to be smoked in public areas. The increased market is due to increased knowledge of the negative effects of traditional cigarettes, electronic cigarettes' lower tar and carbon monoxide absorption, greater affluence, and technological improvements by electronic cigarette makers. As a result of numerous research conducted by medical institutions and associations, there is a growing understanding that e-cigarettes are safer than traditional cigarettes, especially among the younger population, which is anticipated to drive market expansion even further. Consumption and import regulations are being applied by the government. Risks associated with vaping, as well as reported instances. A high level of nicotine addiction is harmful to one's health.

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Browse the full “E-Cigarette Market By Product Type (Disposable, Rechargeable, Modular), By Flavor (Tobacco, Botanical, Fruit, Sweet, Beverage, Others), By Distribution Channel (Specialist E-cig Shops, Online, Supermarkets, Tobacconist, Others), and By Region - Global Industry Insights, Growth, Size, Share, Comparative Analysis, Trends, Statistical Research, Market Intelligence, and Forecast 2022 – 2028" report at https://www.fnfresearch.com/e-cigarette-market

The global electronic cigarette market is divided into four categories: type, flavour, distribution channel, and geography. The rechargeable segment, with a market share of more than 40% in 2021, had the greatest market share. Because they are less expensive and eliminate the need to replenish consumables such as cartridges, rechargeable gadgets are likely to become increasingly popular. Customers who produce their own e-liquid do not need to purchase cartridges that have already been filled. In a number of key nations, rechargeable e-cigarettes, which release less smoke and can be charged through a USB connection, are also gaining popularity among teens. With over 84 percent market share in 2021, the retail store segment was the most popular. E-cigarettes were previously available in places such as vape shops and gas stations. Customers could choose from a wide range of devices and e-liquids at these locations. Furthermore, vape shops that allow customers to try out and test these devices before making a purchase decision are projected to drive retail store growth over the forecast period.

North America has the largest share of the e-cigarette market. The use of these things by youth has resulted in an upsurge in demand. In the United States, for example, e-cigarettes are primarily used by teenagers. 3.6 million US middle and high school students used e-cigarettes over a 30-day research period in 2020, according to the Centers for Disease Control and Prevention (CDC), with 4.7 percent of middle school students and 19.6 percent of high school students using them. E-cigarettes account for the vast majority of tobacco products; there are currently over 3,000 different e-cigarette flavours available in the United States, with new flavours being released every year. Nicotine-free e-liquids provide a more pleasant vaping experience than other varieties. Furthermore, professional vapers who perform at several events and engage in chain vaping for practice believe that nicotine-free vaping is the best alternative to traditional vaping in the regional market. The association of vaping/e-cigarettes with fashion appeal enhances e-cigarette demand in the North American market.

North America has the largest share of the e-cigarette market. The use of these things by youth has resulted in an upsurge in demand. In the United States, for example, e-cigarettes are primarily used by teenagers. 3.6 million US middle and high school students used e-cigarettes over a 30-day research period in 2020, according to the Centers for Disease Control and Prevention (CDC), with 4.7 percent of middle school students and 19.6 percent of high school students using them. E-cigarettes account for the vast majority of tobacco products; there are currently over 3,000 different e-cigarette flavours available in the United States, with new flavours being released every year. Nicotine-free e-liquids provide a more pleasant vaping experience than other varieties. Furthermore, professional vapers who perform at several events and engage in chain vaping for practice believe that nicotine-free vaping is the best alternative to traditional vaping in the regional market. The association of vaping/e-cigarettes with fashion appeal enhances e-cigarette demand in the North American market.

Report Scope

Report Attribute

Details

Market Size in 2021

USD 17,429.5 Million

Projected Market Size in 2028

USD 42,906.36 Million

CAGR Growth Rate

16.20% CAGR

Base Year

2021

Forecast Years

2022-2028

Key Market Players

Altria Group, British American Tobacco, Imperial Brands, International Vapor Group, Japan Tobacco, NicotekLlc, Njoy Inc., Philip Morris International Inc., Reynolds American Inc., VMR Flavors LLC, and Others

Key Segment

By Product Type, Flavor, Distribution Channel, and Region

Major Regions Covered

North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa

Purchase Options

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Some of the major companies operating in the global e-cigarette market are Altria Group, British American Tobacco, Imperial Brands, International Vapor Group, Japan Tobacco, Nicotek Llc, Njoy Inc., Philip Morris International Inc., Reynolds American Inc., and others.

The Global E-Cigarette Market is segmented as follows:

By Product Type

  • Disposable
  • Rechargeable
  • Modular

By Flavor

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

By Distribution Channel

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

By Region

  • North America
    • The U.S.
    • Canada
    • Mexico
  • Europe
    • France
    • The UK
    • Spain
    • Germany
    • Italy
    • Nordic Countries
      • Denmark
      • Sweden
      • Norway
    • Benelux Union
      • Belgium
      • The Netherlands
      • Luxembourg
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • Australia
    • South Korea
    • Southeast Asia
      • Indonesia
      • Thailand
      • Malaysia
      • Singapore
      • Rest of Southeast Asia
    • Rest of Asia Pacific
  • The Middle East & Africa
    • Saudi Arabia
    • UAE
    • Egypt
    • South Africa
    • Rest of the Middle East & Africa
  • Latin America
    • Brazil
    • Argentina
    • Rest of Latin America

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