New Trends In Electronic Cigarette Market Expected To Garner $26, 839 Million By 2023 | Trends, Demand , Analysis And Forecast By Top Key Players Altria Group, British American Tobacco, Imperial Brands

The global electronic cigarette market is expected to garner $26, 839 million by 2023, from $8, 610 million in 2016, registering a CAGR of 17.4% from 2017 to 2023. An electronic cigarette is a battery-operated device that emanates dosages of vaporized nicotine or non-nicotine solutions for the user. It aims to provide a similar sensation to inhaling tobacco smoke, without the smoke. Electronic cigarettes are marketed as e-cigarettes, e-cigs, electronic nicotine delivery systems, vaporizer cigarettes, and vape pens. Various smokers opt to electronic cigarette as a way to stop or cut down on smoking.

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Electronic cigarette provides consumers with smoke and ash less vaping, thereby making it socially acceptable. Electronic cigarette is less harmful than regular cigarette, which causes reduced health issues as compared to tobacco smoking thereby driving the market growth. Change in lifestyle and preferences, and increased affluence of people in emerging economies is further anticipated to driving the growth of market. Moreover, tobacco manufacturers are focusing on new technology development, which has created significant importance for electronic cigarette. Electronic cigarette manufacturers invest more in technology to sustain in the competitive space to make their products stand ahead of their competitors. Thus, rise in development and innovations of e-cigarette and vapor technology is expected to propel the market growth during the forecast period. However, stringent government rules & regulations on manufacturing of e-cigarette and rise in the number of reported adverse events restrain the market growth.

The global electronic cigarette market is segmented based on product type, flavor, distribution channel, and region. Based on product type, the market is divided into disposable, rechargeable, and modular. Flavor in electronic cigarette includes tobacco, botanical, fruit, sweet, beverage, and others. Based on distribution channel the market is categorized into specialist e-cig shops, online, supermarkets, tobacconist, and others. The market is analyzed based on region into North America, Europe, Asia-Pacific, and LAMEA.

KEY BENEFITS FOR STAKEHOLDERS
• The report provides an in-depth analysis of the current trends, drivers, and dynamics of the global electronic cigarette market to elucidate the prevailing opportunities and potential investment pockets.
• It offers qualitative trends as well as quantitative analysis for the period of 2016‐2023 to assist stakeholders to understand the market scenario.
• In-depth analysis of the key segments demonstrates the product types of electronic cigarette.
• Competitive intelligence of the industry highlights the business practices followed by key players across geographies as well as the prevailing market opportunities.
• The key players in the market are profiled along with their strategies and developments to understand the competitive outlook of the industry.

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The Major Players :

Altria Group, British American Tobacco, Imperial Brands, International Vapor Group, Japan Tobacco, Nicotek Llc, Njoy Inc., Philip Morris International Inc., Reynolds American Inc., Vmr Flavours Llc , Electronic Cigarettes International Group, Ltd., Dongguan Wismec Electronics Co., Ltd., iPV Vaping Technology, Logic Technology Development LLC., White Cloud Electronic Cigarettes, VOLCANO, Shenzhen Fest Technology Co., Ltd., LifestylE Cig., Innokin, AVAIL Vapor

KEY MARKET SEGMENTS
By Product Type
• Disposable
• Rechargeable
• Modular

By Flavor
• Tobacco
• Botanical
• Fruit
• Sweet
• Beverage
• Others

By Distribution Channel
• Specialist E-cig Shops
• Online
• Supermarkets
• Tobacconist
• Others

By Region
• North America
• Europe
• Asia-Pacific
• LAMEA

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