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What's driving the South Korea E-Cigarette Market trends? | Top Key Players: Philip Morris International, Japan Tobacco International, Imperial Brands PLC, JUUL Labs, Innokin, British American Tobacco, Altria
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Based on product, South Korea e-cigarette market is segmented into cig-a-like, vaporizer, vape mods, and T-Vapor out of which vaporizer held largest market share in 2018, owing to dense smoke experience it offers to the vapers. However, the market for T-Vapor is expected to exhibit a CAGR of 30.6% during the forecast period.
Based on distribution channel, vape shops, tobacconists, and hypermarket/supermarket, together accounted for over 65% of the South Korea e-cigarette market, indicating brick-and-mortar retail outlets as a popular distribution channel for e-cigarettes in the country.
Based on region, Gyeonggi witnessed largest sales in the South Korea e-cigarette market. In the past two decades, the region has witnessed large scale urbanization with infrastructural development of Seoul being the epicenter of this drive. This has led to an increase in disposable income among the populace, where the household income rose by around YoY growth rate of 8%, from $15,335.4 in 2017 to $16,567.2 in 2018.
Growing awareness pertaining to the harmful effects of smoking is increasing day by day across the country. This trend of declining tobacco cigarette sales has prompted tobacco and e-cigarette manufacturers to focus on diversifying their e-cigarette portfolio.
Owing to the presence of numerous players, the competition in South Korea e-cigarette market is competitive in nature, with companies such as Korea Tobacco & Ginseng Corporation (KT&G), Philip Morris International Inc., and Japan Tobacco Inc., operating as key players.
Read summary of report here :: https://www.psmarketresearch.com/market-analysis/south-korea-e-cigarette-market
Korea Tobacco and Ginseng Corporation, Philip Morris International Inc., British American Tobacco p.l.c., Altria Group Inc., Japan Tobacco Inc., Imperial Brands PLC, JUUL Labs Inc. Shenzhen iSmoka Electronics Co., Ltd., Shenzhen IVPS Technology Corporation Ltd., Innokin Technology Co. Ltd, Shenzhen Kanger Technology Co., Ltd. are the key players operating in the South Korea e-cigarette market.
South Korea E-Cigarette Market Segmentation
Market Segmentation by Product
• Cig-a-like
o Disposable
o Rechargeable
• Vaporizer
o Open tank
o Closed system
• Vape Mod
• T-Vapor
o Heat-not-burn
o Infused
Market Segmentation by Gender
• Male
• Female
Market Segmentation by Age-Group
• 16-24
• 25-34
• 35-44
• 45-54
• 55-65
• 65+
Market Segmentation by Distribution Channel
• Vape Shops
• Online
• Hypermarket/Supermarket
• Tobacconist
• Others
Read More Related Reports:
Japan E-Cigarette Market :
https://www.psmarketresearch.com/market-analysis/japan-e-cigarette-market
U.K. E-Cigarette Market :
https://www.psmarketresearch.com/market-analysis/uk-e-cigarette-market
E-Cigarette Market :
www.psmarketresearch.com/market-analysis/e-cigarette-market
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