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E-Cigarette Market Trends, Business Overview, Industry Growth and Forecast to 2028

05-06-2022 08:52 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Orion Market Reports

The global e-`cigarette market is anticipated to grow at a CAGR of 15.0% during the forecast period (2022-2028).

An e-cigarette or electronic cigarette is defined as an electronic device that simulates tobacco smoking. It consists of an atomizer, a power source such as a battery, and a container such as a cartridge or tank. Instead of smoke, the user inhales vapor. As a result, consuming an e-cigarette is often termed as vaping, since it is a form of smokeless yet vapor oriented cigarette. The consumption of e-cigarettes has gained the highest popularity among the young population of the US. In 2020, the Centers for Disease Control and Prevention (CDC) reported that 3.6 million US middle and high school students used e-cigarettes in the study period of 30 days, including 4.7% of middle school students and 19.6% of high school students.

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A full report of Global E-Cigarette Market is available at: https://orionmarketreports.com/e-cigarette-market/105037/

This shows the high demand for e-cigarettes among the young population, which thereby drives the growth of the market. Adding to this, e-cigarette is perceived as a 'better and safe' option by the global population owing to its smokeless feature when compared to the conventional modes of consuming tobacco. This has also surged the demand for e cigarettes among the global population. Some key players operating in the market include Imperial Brands plc, Philip Morris International Inc., and JUUL Labs Inc., among others.

Market Coverage
• The market number available for - 2021-2028
• Base year- 2021
• Forecast period- 2022-2028
• Segment Covered-
o By Product Type
o By Flavor
o By Mode of Operation

• Regions covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World

• Competitive Landscape: Imperial Brands plc, Philip Morris International Inc., and JUUL Labs Inc., among others.

Key questions addressed by the report

• What is the market growth rate?
• Which segment and region dominate the market in the base year?
• Which segment and region will project the fastest growth in the market?
• How COVID-19 impacted the market?
o Deviation from the pre-COVID-19 forecast
o Most affected region and segment
• Who is the leader in the market?
• How are players addressing challenges to sustain growth?
• Where is the investment opportunity?

Global E-Cigarette Market Report by Segment

By Product Type
• Disposable
• Rechargeable
• Modular

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

By Mode of Operation
• Automatic
• Manual

Media Contact:

Company Name: Orion Market Reports
Contact Person: Mr. Anurag Tiwari
Email: info@orionmarketreports.com
Contact no: +91 780-304-0404

About Us:

Orion Market Reports (OMR) endeavors to provide an exclusive blend of qualitative and quantitative market research reports to clients across the globe. Our organization helps both multinational and domestic enterprises to bolster their business by providing in-depth market insights and the most reliable future market trends. Our reports address all the major aspects of the markets providing insights and market outlook to global clients.

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