Latin America E-Cigarette Market Share, Industry Growth Rate, Demand, and Analysis Report 2022-2027

According to the latest report by IMARC Group, titled "Latin America E-Cigarette Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027″, the Latin America e-cigarette market reached a value of US$ 150 Million in 2021. Looking forward, IMARC Group expects the market to reach US$ 260 Million by 2027, exhibiting a CAGR of 8.8% during 2022-2027. E-cigarettes are the battery-powered smoking devices that are considered to be less toxic than traditional combustible cigarettes. They are comprised of three main components, namely, the heating coil, battery, and e-liquid cartridge. The liquid contains a mixture of nicotine, propylene glycol, glycerin, flavorings, etc., and is typically heated to produce an aerosol that, when inhaled deep into the lungs by users, mimics the feeling of smoking. As e-cigarettes do not contain any tobacco, toxins, carcinogens, etc., or generate tar or carbon monoxide, they are used as substitutes for traditional cigarettes, pipes, cigars, etc.

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Latin America E-Cigarette Market Trends:

The growing awareness among consumers towards the harmful effects of smoking tobacco-based products is among the primary factors driving the Latin America e-cigarette market. Besides this, the introduction of new-generation product variants that offer varying strengths of nicotine, enable easy cartridge refilling, allow temperature control, etc., is further catalyzing the market growth. In line with this, the launch of numerous new flavors, including tobacco, fruits, menthol, chocolate, cola, etc., is acting as another significant growth-inducing factor. In addition to this, the escalating market consolidation among existing manufacturers and retailers via mergers and acquisitions (M&A) and the emerging trend of major tobacco companies investing in vaping products to diversify their businesses are augmenting the regional market. Apart from this, the increasing availability of e-vaping devices on online retail channels is expected to bolster the Latin America e-cigarette market over the forecasted period.

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Key Market Segmentation:

Breakup by Product:

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

Breakup by Flavor:

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

Breakup by Mode of Operation:

• Automatic E-Cigarette
• Manual E-Cigarette

Breakup by Distribution Channel:

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

Breakup by Country:

• Brazil
• Mexico
• Argentina
• Columbia
• Chile
• Peru
• Others

Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players.

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.

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