Dublin, April 6, 2022 (GLOBE NEWSWIRE) — The “Electronic Cigarettes Market – Global Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2022-2027” Report has been added to ResearchAndMarkets.com offering.
The global e-cigarette market reached a value of US$20.4 billion in 2021. Looking ahead, the publisher expects the market to reach US$30 billion by 2027, with a CAGR of 4.5% during 2022- 2027. Considering the uncertainties of COVID-19, we are continually tracking and evaluating the direct and indirect influence of the pandemic. These insights are included in the report as a major contributor to the market.
E-cigarettes are battery-powered devices that are considered less toxic than traditional cigarettes. Also known as electronic cigarettes, electronic vaping devices, vaping pens, and electronic cigarettes, these cigarettes consist of three main components, namely a heating coil, a battery, and an e-liquid cartridge. These components help deliver doses of vaporized nicotine or flavored solutions to users. Electronic cigarettes are gaining in popularity, especially among young adults and teenagers, due to the growing awareness of the harmful effects of traditional tobacco-based cigarettes. However, researchers are still evaluating the impact of e-cigarettes on the human body, which is not yet known.
Consumers’ willingness to quit smoking tobacco products and their perception of e-cigarettes as a safer alternative to traditional cigarettes has led to increased demand for these devices around the world. In line with this, manufacturers are introducing new generation e-cigarettes that offer different concentrations of nicotine and allow users to refill the cartridge.
Additionally, major manufacturers are acquiring or forming partnerships with small, national suppliers. For example, Japan Tobacco International (JTI) acquired the UK-based e-cigarette brand E-Lites to develop new products and market its vaporizers worldwide. These players are also introducing a wide range of flavors, such as tobacco, fruit and botanicals, in response to evolving consumer preferences. In addition, they are developing the designs and technology used in electronic cigarettes to improve their performance.
Key Market Segmentation:
The publisher provides analysis of the key trends in each sub-segment of the global e-cigarette market, along with global and regional forecasts from 2022-2027. Our report has categorized the market on the basis of product, flavor, mode of operation, and distribution channel.
- Modular Electronic Cigarette
- Rechargeable Electronic Cigarette
- Next generation electronic cigarette
- Disposable Electronic Cigarette
Next-generation e-cigarettes currently represent the most popular type of product on the market today, providing significant technological improvements and longer battery life.
Breakdown by flavor:
Among these, tobacco is the preferred flavor by consumers as it offers a taste similar to that of conventional cigarettes.
Breakdown by Mode of Operation:
- automatic electronic cigarette
- handheld electronic cigarette
Currently, automatic electronic cigarettes dominate the market, as these cigarettes have become an easy option for smokers to use and gives them the feeling of a real cigarette.
Breakdown by Distribution Channel:
- E-cigarette specialty stores
- Supermarkets and Hypermarkets
Today, e-cigarettes are mainly distributed through e-cigarette specialty stores, as most of the customers are people who have quit smoking. Staff at these stores play a central role in providing customers with product information, and many provide advice on quitting smoking.
Breakdown by region:
- Pacific Asia
- North America
- Middle East and Africa
- Latin America
As for the region, North America enjoys the leading position in the market and accounts for the largest share of the total global market.
The competitive landscape of the market is characterized by the presence of several manufacturers that compete in terms of price and quality.
Some of the key players are:
- Philip Morris International Inc.
- Altria Group Inc.
- British American Tobacco PLC
- japanese tobacco, inc.
- Imperial Tobacco Group
- international steam group
- Nicotek LLC
- NJOY Inc.
- American Reynolds Inc.
- VMR Products LLC
- MCIG Inc.
- limited ICT
- J WELL France
Key questions answered in this report:
- How has the global e-cigarette market performed so far and how will it perform in the years to come?
- What are the key regional markets in the global electronic cigarette industry?
- What has been the impact of COVID-19 on the global Electronic Cigarettes market?
- What is the market break based on the product?
- What is the market break based on flavor?
- What is the breakdown of the market based on the mode of operation?
- What is the breakdown of the market based on the distribution channel?
- What are the various stages in the value chain of the global Electronic Cigarette industry?
- What are the key drivers and challenges in the global E-cigarette Industry?
- What is the structure of the global e-cigarette industry and who are the key players?
- How competitive is the global e-cigarette industry?
- What are the profit margins in the global electronic cigarette industry?
Key Topics Covered:
2 Scope and Methodology
3 Executive summary
4.2 Key industry trends
5 Global Electronic Cigarette Market
5.1 Market Overview
5.2 Market performance
5.3 Impact of COVID-19
5.4 Market breakdown by product
5.5 Market Breakdown by Flavor
5.6 Market breakdown by mode of operation
5.7 Market breakdown by distribution channel
5.8 Market Breakdown by Region
5.9 Market Forecast
6 Market Break Product
6.1 Modular electronic cigarette
6.1.1 Market trends
6.1.2 Market Forecast
6.2 Rechargeable electronic cigarette
6.2.1 Market trends
6.2.2 Market Forecast
6.3 Latest generation electronic cigarette
6.3.1 Market trends
6.3.2 Market Forecast
6.4 Disposable electronic cigarette
6.4.1 Market trends
6.4.2 Market Forecast
7 Market Breakdown by Flavor
7.1.1 Market trends
7.1.2 Market Forecast
7.2.1 Market trends
7.2.2 Market Forecast
7.3.1 Market trends
7.3.2 Market Forecast
7.4.1 Market trends
7.4.2 Market Forecast
7.5.1 Market trends
7.5.2 Market Forecast
7.6.1 Market trends
7.6.2 Market Forecast
8 Market Breakdown by Mode of Operation
8.1 Automatic electronic cigarette
8.1.1 Market trends
8.1.2 Market Forecast
8.2 Manual electronic cigarette
8.2.1 Market trends
8.2.2 Market Forecast
9 Market Breakdown by Distribution Channel
9.1 Specialized electronic cigarette stores
9.1.1 Market trends
9.1.2 Market Forecast
9.2.1 Market trends
9.2.2 Market Forecast
9.3 Supermarkets and Hypermarkets
9.3.1 Market trends
9.3.2 Market Forecast
9.4.1 Market trends
9.4.2 Market Forecast
9.5.1 Market trends
9.5.2 Market Forecast
10 Market Breakdown by Region
11 SWOT Analysis
12 Value Chain Analysis
13 Porter’s Five Forces Analysis
14 Price Analysis
14.1 Price indicators
14.2 Price structure
14.3 Margin Analysis
15 Competitive Landscape
15.1 Market structure
15.2 Key players
15.3 Key Player Profiles
15.3.1 Philip Morris International
15.3.2 Altria Group Inc.
15.3.3 British American Tobacco Company
15.3.4 Japan Tobacco, Inc.
15.3.5 Imperial Tobacco Group
15.3.6 International Steam Group
15.3.7 Nicotek LLC,
15.3.8 Njoy Inc.
15.3.9 Reynolds American Inc.
3.15.10 Vmr Flavors LLC.
3.15.11 MCIG Inc.
15.3.12 Limited ITC
15.3.13 J Well France
For more information on this report, visit https://www.researchandmarkets.com/r/mhdesl