E-Cigarette & Vaporizer Market Strategies And Forecast To 2018-2027 By Leading Competitors - Altria Group, INC, Gamucci Electronic Cigarettes, Ballantyne Brands, LLC, British American Tobacco Plc (Bat)

Market Segments:

The market has been segmented on the basis of product type and region. By product type the types are disposable e-cigarette, rechargeable e-cigarette, ego and tanks, personal vaporizers and mods and others. On the basis of region the market includes regions such as North America, Europe, Asia Pacific and Others.

Disposable e-cigarettes have accounted for the largest market size by product type in 2015 accounting for nearly 30% of the market size closely followed by rechargeable e-cigarette. Personal vaporizers will grow at a CAGR over 23.5% through the forecast period.

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Leading Competitors:
Altria Group, INC,
Ballantyne Brands, LLC,
British American Tobacco Plc (Bat),
CB Distributors,
Bull Smoke, INC,
Cigavette,
Clearette Electronic Cigarette Co,
Cloudcig,
Gamucci Electronic Cigarettes,
Electronic Cigarettes International Group,
Fontem Ventures,
Fin Branding Group LLC

Market Scenario:

E cigarettes & vaporizers have emerged as a popular alternatives to traditional consumption methods for tobacco and other substances’ consumption. Market Research Future, a firm which specializes in market reports related to Food, Beverages & Nutrition sector among others, recently published a report on this market. The global E-cigarettes & vaporizer market is expected to grow at a CAGR rate of over 25.0% over the period of 2016 to 2021.

E cigarettes have been growing in popularity and demand in recent times due to extensive word of mouth popularity and promotion through popular culture. Increase in number of cancer cases due to cigarette consumption has prompted migration of demand to this sector. Rise in number of individuals wanting to quit smoking has also considerably increased the demand for this industry.

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Geographical Analysis:

Currently, North America is the largest consumer of E-Cigarettes & Vaporizer in the world market. It is closely followed by Europe. Although, China began as the first market for E-Cigarettes & Vaporizer, the U.S. and developed markets from Europe became the prime consumers of E-Cigarettes & Vaporizer, due to which these two regions collectively account for over 80% of the world market. APAC will be growing at the fastest CAGR, accounting for more than 20% of the global e-cigarette market value by 2021. Significant revenue flow will be observed from China and India over the forecast period.

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This release was published on openPR.