Europe E-Cigarettes Market Share, Size, Industry Demand, Growth Rate (CAGR 22.4%), Outlook and Forecast Report 2023-2028

According to the latest report by IMARC Group, titled, "Europe E-Cigarettes Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028," the Europe e-cigarettes market size reached US$ 13.6 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 46.8 Billion by 2028, exhibiting a growth rate (CAGR) of 22.4% during 2023-2028. E-cigarettes, also known as electronic cigarettes, are battery-operated devices that simulate the experience of smoking by heating a liquid (e-liquid or vape juice) that contains nicotine, flavorings, and other chemicals. When the liquid is heated, it produces an aerosol (vapor) inhaled by the user. E-cigarettes are marketed as a safer alternative to traditional cigarettes and a smoking cessation aid. It is very popular across Europe, especially among the young population.

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Market Demand:

The market in Europe is majorly driven by the increasing popularity among the young population. In line with this, e-cigarettes are marketed as a safer alternative to traditional cigarettes, and their demand is accelerating due to growing smoking-related health concerns. Furthermore, e-cigarettes are marketed as a smoking cessation aid, providing smokers with an alternative to nicotine replacement therapies such as patches and gums. Apart from this, the availability of a variety of flavors is catalyzing product demand. Moreover, the easy availability of the product online and in brick-and-mortar stores propels the market. Besides, e-cigarettes are often less expensive than traditional cigarettes, making them more accessible to a wider range of consumers. Additionally, the rising popularity of vaping and the convenience offered by the product are providing a boost to its sales across the region.

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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:

• Germany
• France
• United Kingdom
• Italy
• Spain
• 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
• Market Outlook
• Porter's Five Forces Analysis
• Market Drivers and Success Factors
• SWOT Analysis
• Value Chain
• Comprehensive Mapping of the Competitive Landscape

Note: We are in the process of updating our reports. If you want to receive the latest research data covering the time period from 2023 to 2028, along with industry trends, market size, and competitive analysis, click on the request sample report. The team would be able to deliver the latest version of the report in a quick turnaround time.

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