Global E-cigarette Market, Top key players are Altria Group, British American Tobacco, Imperial Brands, International Vapor Group, Japan Tobacco, Nicotek Llc, Njoy Inc

Global E-cigarette Market 2019 by Manufacturers, Regions, Type and Application, Forecast to 2024

An electronic cigarette or e-cigarette is a handheld electronic device which vaporizes a flavored liquid. The user inhales the vapor. Using e-cigarettes is sometimes called vaping. The liquid in the e-cigarette, called e-liquid, is usually made of nicotine, propylene glycol, glycerine, and flavorings. Not all e-liquids contain nicotine.

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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Some of the key players operating in this market include Altria Group, British American Tobacco, Imperial Brands, International Vapor Group, Japan Tobacco, Nicotek Llc, Njoy Inc., Philip Morris International Inc., Reynolds American Inc., and Vmr Flavours Llc.

Scope of the Report:

Market competition is intense. Imperial Tobacco, Reynolds American, Japan Tobacco, Altria, etc. are the leaders of the industry, and they hold key technologies and patents, with high-end customers; have been formed in the monopoly position in the industry. In 2012, the international tobacco giants laid out the e-cigarette industry and caused many acquisitions and other industry mergers and acquisitions. At the same time, the market has been reshuffled. With the stricter smoking bans in various countries, e-cigarettes will usher in better development.

The health risks of e-cigarettes are uncertain. They are likely safer than tobacco cigarettes, but are of unclear effect in relation to other methods of stopping smoking. Their long-term health effects are not known. They may help some smokers quit. When used by non-smokers, e-cigarettes can lead to nicotine addiction, and there is concern that children could start smoking after using e-cigarettes.

The worldwide market for E-cigarette is expected to grow at a CAGR of roughly 22.1% over the next five years, will reach 15600 million US$ in 2024, from 4700 million US$ in 2019, according to a new GIR (Global Info Research) study.

This report focuses on the E-cigarette in global market, especially in North America, Europe and Asia-Pacific, South America, Middle East and Africa.

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