Global E-Cigarette Industry  Overview:

The latest report published by IMARC Group, titled “E-Cigarette Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 20223-2028,” offers a comprehensive analysis of the industry, which comprises insights on the global e-cigarette industry share 2022. The report also includes competitor and regional analysis, and contemporary advancements in the global market. The global e-cigarette market size reached US$ 21.8 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 31.9 Billion by 2028, exhibiting a growth rate (CAGR) of 4.4% during 2023-2028.

An e-cigarette is a battery-operated, electronic nicotine delivery system (ENDS). It comprises a mouthpiece, atomizer, liquid cartridge, glycerin, propylene glycol, and heating coil to produce smooth vapor upon inhalation. These substances can be formulated with different nicotine levels depending on consumer preference. E-cigarettes do not burn tobacco and carcinogens that generate carbon monoxide (CO) and tar. Consequently, they are considered a safer substitute to conventional cigarettes.

Report Coverage:

As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the purchase behaviors of the consumers globally–our estimates about the latest market trends and forecast values after considering the impact of this pandemic.

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Global E-Cigarette Market Trends and Drivers:

The rising awareness regarding the adverse effects of prolonged consumption of traditional tobacco-based products is majorly driving the global e-cigarettes market growth. Additionally, the increasing usage of e-cigarettes by the young demographic is further propelling the market growth. Continuous product innovations, such as the introduction of new flavors in e-liquids and vapors, are acting as a growth-inducing factor. Apart from this, the rising number of smokers and the continual launch of awareness campaigns by governments of various nations to curb the consumption of tobacco are creating a positive outlook for the market.

Global E-Cigarette Market 20223-2028 Analysis and Segmentation:

Competitive Landscape with Key Players:

• Philip Morris International Inc.
• Altria Group
• British American Tobacco p.l.c.
• Japan Tobacco Inc.
• Imperial Brands PLC
• International Vapor Group
• Nicotek, LLC
• NJOY, LLC
• Reynolds American Inc
• VMR Products LLC
• MCIG Inc.
• ITC Limited
• J Well France

Our report has categorized the market based on product, flavor, mode of operation and distribution channel.

Breakup by Product:

• Modular E-Cigarette
• Rechargeable E-Cigarette
• Next-Generation E-Cigarette
• Disposable E-Cigarette

On the basis of the product, the market has been segmented into modular, rechargeable, next-generation and disposable e-cigarettes. Among these, next-generation e-cigarettes are currently dominating the market segment.

By Flavor:

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

By Mode of Operation:

• Automatic E-Cigarette
• Manual E-Cigarette

Breakup by Distribution Channel:

• Specialist E-Cig Shops
• Online
• Supermarkets and Hypermarkets
• Tobacconist
• Others

Breakup by Region:

• North America (United States, Canada)
• Europe (Germany, France, United Kingdom, Italy, Spain, Others)
• Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
• Latin America (Brazil, Mexico, Others)
• Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)

Region-wise, North America enjoys the leading position in the market, accounting for majority of the total global market.

Key Highlights of the Report:

• Market Performance (2017-2022)
• Market Outlook (20223-2028 )
• Porter’s Five Forces Analysis
• Market Drivers and Success Factors
• SWOT Analysis
• Value Chain
• Comprehensive Mapping of the Competitive Landscape

Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.

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IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, and nanotechnology industries. We also provide cost model and manufacturing setup project reports through Syndicated Analytics, a subsidiary of IMARC Group.

Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.

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