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Electronic Cigarettes Market to See Huge Growth by 2027 | Altria Group, British American Tobacco, Japan Tobacco

Electronic Cigarettes Market

Electronic Cigarettes Market

Electronic Cigarettes are also known as Vaping, which consist of different type of devices that allow the users to inhale an aerosol that might be nicotine, flavoring and other species. Electronic Cigarettes market is expected to mark significant growth over forecasted period owing to increasing technological advancements, change in lifestyle and consists of various flavours and fragrance.

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There has been significant rise in number of prevalence of adults using e-cigarettes with figure stood up to 60% in United States, Russia and Germany in 2018, the future for Electronic Cigarettes looks promising. This result in rising health concerns among the smoking population and escalating cost effectiveness of disposable models for Electronic Cigarettes popularity may trigger demand and help in industry expansion. Some of the key players profiled in the study are British American Tobacco plc (United Kingdom), Altria Group Inc. (United States), Japan Tobacco Inc. (Japan), Imperial Brands plc (United Kingdom), Philip Morris International Inc. (United States), VMR Products LLC (United States), NJOY Inc (United States), International Vapor Group (United States), Hub International, Inc. (United States) and FIN Branding Group LLC (United States). According to Market Analyst at AMA, the Global Electronic Cigarettes market may see a growth rate of 8.17% and would reach the market size of USD18120.0 Million by 2027.

On the basis of geography, the market of Electronic Cigarettes has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). North America region held largest market share in the year 2018. Europe on the other hand stood as second largest market due to the presence of key companies into the region and high technological advancement. If we see Market by Distribution Channels, the sub-segment i.e. Supermarkets will boost the Electronic Cigarettes market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Composition , the sub-segment i.e. Tobacco will boost the Electronic Cigarettes market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.

Market Drivers
• Increase Number of Vape Shops and Designated Stores Boost the Electronic Cigarettes Market.
• Rapid Demand of Eco-Friendly and Social Acceptability Fuelled up the Electronic Cigarettes Market.

Market Trend
• Increasing demand of Electronic Cigarettes at developed countries.
• Value Oriented Customers.

Restraints
• Implementation of Strict Government Regulations Hampers the Electronic Cigarettes Market.
• Health Hazardous Diseases Associated With in Electronic Cigarettes Market.

Opportunities
• Consumers Shifted towards Tobacco Alternatives that leads to grow the Electronic Cigarettes Market.
• Huge Investments and Franchising By Major Players.

Challenges
• Limitation on Increasing Lobbying by Pharmaceutical Players are Anticipated to Challenge the Market.

“According to Ministry of Health websites, its regulate e-cigarettes were classified as new/amended laws, or existing laws. The policy domains identified include restrictions or prohibitions on product: sale, manufacturing, importation, distribution, use, product design including e-liquid ingredients, advertising/promotion/sponsorship, trademarks, and regulation requiring: taxation, health warning labels and child-safety standards.”

Target Audience:
Electronic Cigarettes Manufacturers, Electronic Cigarettes Traders, End-Use Market Participants of Different Segments of Electronic Cigarettes, Government and Research Organizations, R&D Institutions and Others

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Major Objectives Focused through this Study
• To define, describe, and forecast the Global Electronic Cigarettes market on the basis of product [Vaporizer, Cig-A-Like, T-Vapor, Aftermarket Product and Vape Mods] , application [Quit Smoking and Alternative Cigarettes], key regions and end user
• To provide in-depth information regarding major influencing factors affecting the growth of the market (trends, drivers, restraints, opportunities, and industry-centric and regional challenges)
• To strategically analyse the micro-markets and important business segments with respect to individual growth drivers , market trends and potential, and historical contributions to the total market
• Identifying the opportunities in the market for key stakeholders and detailing the competitive landscape for market leaders
• To provide market size for various segments of the Electronic Cigarettes market with respect to major geographies, namely, South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico)
• To strategically profile the key players and analyzing their market shares and core competencies in the Electronic Cigarettes industry
• To track key developments such as product launches, expansions, agreements, partnerships, mergers & acquisitions, and R&D activities that are key factors in shaping the market

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Thanks for reading Electronic Cigarettes Industry research publication; you can opt for regional report version like Western Europe, USA, China, Southeast Asia, LATAM, APAC etc.

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About Author:
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