E-Cigarette Market Expected to Witness a Significant Growth of US$ 30.095 Billion Globally by 2023, at CAGR of 20.19% | Top Key Company’s (Philip Morris International, MCIG,, ITC, Altria Group, Reynolds American, Japan Tobacco)

Marketprognosis.com Publish a New Market Research Report On “Global E-Cigarette Market - Growth, Trends and Forecasts (2018 - 2023)” which contains global key player’s survey information and forecast to 2023.

Overview of the Global E-Cigarette Market:

The Global E-Cigarette Market was valued at USD 10.104 Billion in 2017, and is expected to reach a value of USD 30.095 Billion by 2023, at a CAGR of 20.19%, over the forecast period (2018 - 2023). The e-cigarette market has witnessed a significant growth over the past decade, owing to the growing health concerns over the usage of conventional tobacco-based cigarettes. Increasing adoption of e-cigarettes has created a market for disposable, reusable, and customizable e-cigarettes. The market is evolving at a fast pace and is expected to see innovation in vapor delivery and other systems in the years to come.

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According to the Center for Disease Control and Prevention, tobacco is the primary cause of preventable deaths in the United States. It has been reported that more than 16 million of the US population suffer from diseases caused by smoking. Tobacco contains over 7,000 chemicals in tobacco smoke, out of which, at least 250 are known to be harmful, including chemicals like hydrogen cyanide, ammonia, and carbon monoxide. Tobacco contains at least 69 cancer-causing chemicals. This has caused serious concerns among various governments and organizations conducting awareness programs to halt the usage of tobacco. E-cigarettes are considered to be less toxic and safer than a conventional tobacco cigarette, which has made e-cigarette a viable alternative.

A research study concluded that the people who smoked only e-cigarettes had similar levels of carcinogens to people using nicotine-replacement therapies, and had much lower toxicity levels than people who only smoked cigarettes. This is expected to be one of the driving factors for people opting e-cigarettes over conventional cigarettes. Disposable e-cigarettes offer the same amount of emanation as two packs of traditional tobacco cigarettes, which make the former very economical. The reduced toxicity levels, combined with cost concerns, are driving the e-cigarette market forward in many regions.

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The e-Cigarette market in North America has the majority share. Even though e-cigarettes were invented in China, the United States gave the required boost for the market in its early stages. Since 2006, the US e-cigarette market has grown to become a major market with an unprecedented growth rate. This growth was made possible with the advent of industry giants from the tobacco, pharmaceutical, and other major influential sectors in the country. Established tobacco players are strengthening their market position with various acquisitions and are launching new brands.

Major Key Players:

1 Philip Morris International Inc

2 Healthier Choices Management Corp

3 MCIG, Inc.

4 ITC Limited

5 Altria Group, Inc.

6 Reynolds American Inc.

7 Japan Tobacco, Inc. and More……………….

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What Information does this report contain?

1 A detailed analysis of regulatory trends, drivers, industry pitfalls, challenges and growth opportunities for participants

2 Which are the leading market products, applications & regions and how will they perform by 2023?

3 What are the technologies & innovation trends, how will they evolve by 2023?

4 Which companies lead the industry, how are they positioned in the market in terms of sustainability, competency, production capacity and strategic outlook?

In the end, this report covers data and information on capacity and production overview, production, market share analysis, sales overview, supply, sales, and shortage, import, export and consumption as well as cost, price, revenue and gross margin of E-Cigarette Market.

Table of Contents:

1 Introduction

2 Research Approach and Methodology

3 Executive Summary

4 Market Dynamics

5 Technology snapshot

6 E-Liquid Market

7 Global E-Cigarettes Segmentation

8 Vendor Market Share Analysis

9 Competitive Intelligence - Company Profiles

10 Future of the E-Cigarette Market

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