E-Cigarette Market Analysis Report 2022-2027, Industry Growth Overview, Top Brands, Revenue and Forecast

According to the latest report by IMARC Group, titled "E-Cigarette Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027," the global e-cigarette market reached a value of US$ 20.4 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 30 Billion by 2027, exhibiting at a CAGR of 4.5% during 2022-2027. An e-cigarette refers to a battery-operated device that is generally used by individuals as an alternative to conventional cigarettes for smoking. It is usually equipped with a heating element, a battery and a place to hold a liquid, which produces aerosol that the user inhales. It works by emitting a vaporized solution, such as nicotine, that is mixed with artificial flavorings. It is widely available across the globe in multiple variants that differ on the basis of shapes and sizes. The easy product availability via the online and offline distribution channels is providing a boost to the sales of e-cigarettes worldwide.

As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the purchase behaviors of the consumers globally-our estimates about the latest market trends and forecast values after considering the impact of this pandemic.

Request Free Sample Report (Exclusive Offer on this report): https://www.imarcgroup.com/e-cigarette-market/requestsample

Global E-Cigarette Market Trends:

The global market is primarily driven by the increasing number of smokers. This can be accredited to the shifting lifestyle preferences and the inflating disposable income levels of the masses, which is creating a positive market outlook. Since e-cigarettes are reusable and cost-efficient as compared to conventional cigarettes, there has been a considerable rise in their adoption among individuals, especially young adults.

Moreover, several leading manufacturers are heavily investing in continuous product innovations, such as launching e-cigarettes with a hit control feature for controlling the nicotine delivery. Besides this, the introduction of tobacco heating systems that produce nicotine-containing emissions without burning the tobacco is further gaining widespread prominence among smokers. Other factors, including rapid urbanization, the availability of a wide range of flavors and fragrances, the rising adoption of innovative and premium packaging solutions, and extensive research and development (R&D) activities conducted by key players, are also positively influencing the market growth.

Ask Analyst for Instant Discount and Download Full Report with TOC & List of Figure: https://www.imarcgroup.com/e-cigarette-market

Global E-Cigarette Market 2022-2027 Analysis and Segmentation:

Competitive Landscape with Key Players:

• Philip Morris International Inc.
• Altria Group
• British American Tobacco p.l.c.
• Japan Tobacco Inc.
• Imperial Brands PLC
• International Vapor Group
• Nicotek, LLC
• NJOY, LLC
• Reynolds American Inc
• VMR Products LLC
• MCIG Inc.
• ITC Limited
• J Well France

Market Breakup by Product:

• Modular E-Cigarette
• Rechargeable E-Cigarette
• Next-Generation E-Cigarette
• Disposable E-Cigarette

Market Breakup by Flavor:

• Tobacco
• Botanical
• Fruit
• Sweet
• Beverage
• Others

Market Breakup by Mode of Operation:

• Automatic E-Cigarette
• Manual E-Cigarette

Market Breakup by Distribution Channel:

• Specialist E-Cig Shops
• Online
• Supermarkets and Hypermarkets
• Tobacconist
• Others

Market Breakup by Region:

• Asia Pacific
• Europe
• Latin America
• Middle East and Africa.

Key Highlights of the Report:

• Market Performance (2016-2021)
• Market Outlook (2022-2027 )
• Porter's Five Forces Analysis
• Market Drivers and Success Factors
• SWOT Analysis
• Value Chain
• Comprehensive Mapping of the Competitive Landscape

Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.

Other Reports of IMARC Group:

• Gcc Pet Food Market: https://www.imarcgroup.com/gcc-pet-food-market
• Gcc Cat Food Market: https://www.imarcgroup.com/gcc-cat-food-market
• Gcc Dog Food Market: https://www.imarcgroup.com/gcc-dog-food-market
• Gcc Uht Milk Market: https://www.imarcgroup.com/gcc-uht-milk-market
• Gcc Luxury Market: https://www.imarcgroup.com/gcc-luxury-market
• Gcc Fruit Juice Market: https://www.imarcgroup.com/gcc-fruit-juice-market

Contact Us:

IMARC Group
30 N Gould St, Ste R
Sheridan, WY (Wyoming) 82801 USA
Email: Sales@imarcgroup.com
Tel No:(D) +91 120 433 0800
Americas:- +1 631 791 1145 | Africa and Europe :- +44-702-409-7331 | Asia: +91-120-433-0800, +91-120-433-0800

About Us:

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC's information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company's expertise

This release was published on openPR.