Press release
E-Cigarette Market Analysis With Demand by 2023; Key Players - JUUL Labs, British American Tobacco, Altria, JTI (Japan Tobacco International), Imperial Brands PLC, Philip Morris International, NJOY and International Vapor Group
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Based on product, the e-cigarette market has been broadly categorized into cig-a-like, vaporizer, and vape mod. The market for vape mod is expected to witness the fastest CAGR, of around 22%, during the forecast period. Customizable vape mods are becoming a popular choice among ex-smokers, current smokers and new smokers.
APAC is the region offering ample growth opportunities for the vendors. Large population coupled with increasing urbanization has been propelling the demand for e-cigarettes in the region. China was the forerunner in the regional e-cigarette industry, with around 40% share. After the U.S. and the U.K., China was the third largest e-cigarette market in the world and is expected to grow rapidly, during the forecast period.
Awareness about health concerns due to smoking has been increasing. This has resulted in the development of alternatives that help consumers to quit traditional cigarettes. Cancer caused by smoking is one of the major global concerns affecting people. E-cigarettes eliminate the risk of cancer and prevent the intake of more than 4,000 chemicals, which are produced by burning of tobacco cigarettes.
Explore report description @ https://www.psmarketresearch.com/market-analysis/e-cigarette-market
Some of the key players operating in the e-cigarette market are JUUL Labs, Inc., British American Tobacco plc, Altria Group Inc., Japan Tobacco Inc., Imperial Brands plc, Philip Morris International Inc., VMR Products LLC, NJOY Inc, International Vapor Group, Vapor Hub International, Inc. and FIN Branding Group LLC.
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P&S Intelligence is a provider of market research and consulting services catering to the market information needs of burgeoning industries across the world. Providing the plinth of market intelligence, P&S as an enterprising research and consulting company, believes in providing thorough landscape analyses on the ever-changing market scenario, to empower companies to make informed decisions and base their business strategies with astuteness.
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