openPR Logo
Press release

Electronic Cigarette Market Predicted to Experience 16.8% CAGR; Revenue to Boost Cross $94,316.6 million by 2031

09-26-2023 01:43 PM CET | Fashion, Lifestyle, Trends

Press release from: Allied Market Research

Electronic Cigarette Market

Electronic Cigarette Market

๐“๐ก๐ž ๐ ๐ฅ๐จ๐›๐š๐ฅ ๐ž๐ฅ๐ž๐œ๐ญ๐ซ๐จ๐ง๐ข๐œ ๐œ๐ข๐ ๐š๐ซ๐ž๐ญ๐ญ๐ž๐ฌ ๐ฆ๐š๐ซ๐ค๐ž๐ญ ๐ฐ๐š๐ฌ ๐ฏ๐š๐ฅ๐ฎ๐ž๐ ๐š๐ญ $๐Ÿ๐Ÿ•,๐Ÿ‘๐ŸŽ๐Ÿ.๐ŸŽ ๐Œ๐ข๐ฅ๐ฅ๐ข๐จ๐ง ๐ข๐ง ๐Ÿ๐ŸŽ๐Ÿ๐ŸŽ, ๐š๐ง๐ ๐ข๐ฌ ๐ฉ๐ซ๐จ๐ฃ๐ž๐œ๐ญ๐ž๐ ๐ญ๐จ ๐ซ๐ž๐š๐œ๐ก $๐Ÿ—๐Ÿ’,๐Ÿ‘๐Ÿ๐Ÿ”.๐Ÿ” ๐Œ๐ข๐ฅ๐ฅ๐ข๐จ๐ง ๐›๐ฒ ๐Ÿ๐ŸŽ๐Ÿ‘๐Ÿ, ๐ซ๐ž๐ ๐ข๐ฌ๐ญ๐ž๐ซ๐ข๐ง๐  ๐š ๐‚๐€๐†๐‘ ๐จ๐Ÿ ๐Ÿ๐Ÿ”.๐Ÿ–% ๐Ÿ๐ซ๐จ๐ฆ ๐Ÿ๐ŸŽ๐Ÿ๐Ÿ ๐ญ๐จ ๐Ÿ๐ŸŽ๐Ÿ‘๐Ÿ.

According to a new report, "Electronic Cigarette Market by Product Type, Flavor and Distribution Channel: Global Opportunity Analysis and Industry Forecast, 2022-2031". The report provides a detailed analysis of the top investment pockets, top winning strategies, drivers & opportunities, market size & estimations, competitive landscape, and changing market trends.

๐’๐š๐ฆ๐ฉ๐ฅ๐ž ๐‚๐จ๐ฉ๐ฒ ๐จ๐Ÿ ๐‘๐ž๐ฉ๐จ๐ซ๐ญ:

As e-cigarette and vape device supplies grew scarce in physical stores, sellers began selling their items through online platforms and gave away hand sanitizers &face masks as freebies with the purchase of vaping products. For example, vaping companies like One Drop Vape, BLVK, and Podsalt began providing free hand sanitizers with the purchase of their goods. This was a crucial driver that impacted the market growth during the pandemic and is projected to remain so in the post-pandemic future. Such developments drive the electronic cigarette market.

In recent years, market participants have placed an emphasis on raising knowledge of e-cigarettes and vape devices, particularly among adult smokers. JUUL Labs, Inc., for example, launched a marketing campaign in January 2019 to educate adult smokers about the negative effects of traditional combustible cigarettes and encourage them to switch to e-cigarettes & vape devices. During the forecast period, such marketing strategies are expected to boost market expansion.

The increased knowledge of e-cigarettes being safer than traditional cigarettes, particularly among the younger population, drives the growth of the global electronic cigarette market. However, side effects of e-cigarettes restrain the growth to some extent. On the other hand, players' continual improvement in new product development present new opportunities in the upcoming years.

๐‚๐ฎ๐ฌ๐ญ๐จ๐ฆ๐ข๐ณ๐ž๐ & ๐‚๐จ๐ฆ๐ฉ๐ฅ๐ž๐ญ๐ž ๐‘๐ž๐ฉ๐จ๐ซ๐ญ::

The global electronic cigarette market is segmented on the basis of product type, flavor, distribution channel, and region. On the basis of product type, the market is divided into disposable, rechargeable, and modular. Modular electronic cigarette is the most popular among others as it can be refilled and allows the user to regulate the power delivered from the system's battery to the atomizer. As a result, electronic cigarette products production is expected to be the leading segment during the forecast period.

On the basis of sales channels, market is divided into specialist E-Cig shops, online, supermarkets, tobacconist, and others. Physical routes to market continue to be the most popular channel for purchasing electronic cigarettes. While making their initial purchase, consumers are reassured by specialized e-cig businesses to acquire familiarity with the product. E-cigarette specialty stores have a unique selection of electronic cigarette devices and other accessories.

Based on flavor, the tobacco segment held the largest market share in 2020, holding more than one-fourth of the total market share, and is expected to continue its leadership status during the forecast period. Moreover, the same segment is projected to register the highest CAGR of 18.2% from 2021 to 2030.

Based on region, Europe contributed to the highest share in terms of revenue in 2020, holding nearly one-third of the global aircraft tires market, and is estimated to continue its dominant share by 2030. Moreover, Asia-Pacific region is projected to manifest the fastest CAGR of 18.1% during the forecast period.

๐“๐ก๐ž ๐ค๐ž๐ฒ ๐ฉ๐ฅ๐š๐ฒ๐ž๐ซ๐ฌ ๐ฉ๐ซ๐จ๐Ÿ๐ข๐ฅ๐ž๐ ๐ข๐ง ๐ญ๐ก๐ž ๐ซ๐ž๐ฉ๐จ๐ซ๐ญ ๐ข๐ง๐œ๐ฅ๐ฎ๐๐ž:

โ—‹ Altria Group
โ—‹ British American Tobacco
โ—‹ Imperial Brands
โ—‹ International Vapor Group
โ—‹ Japan Tobacco
โ—‹ Nicotek Llc
โ—‹ Njoy Inc.
โ—‹ Philip Morris International Inc.
โ—‹ Reynolds American Inc.
โ—‹ Vmr Flavours Llc.

๐Š๐ž๐ฒ ๐๐ž๐ง๐ž๐Ÿ๐ข๐ญ๐ฌ ๐…๐จ๐ซ ๐’๐ญ๐š๐ค๐ž๐ก๐จ๐ฅ๐๐ž๐ซ๐ฌ:

โ—‹ The report provides an extensive analysis of the current and emerging electronic cigarette market trends and opportunities.
โ—‹ The report provides detailed qualitative and quantitative analysis of the current trends and future estimations that help evaluate the prevailing electronic cigarette market opportunities in the market.
โ—‹ The electronic cigarette market forecast is offered along with information related to key drivers, restraints, and opportunities.
โ—‹ The electronic cigarette market analysis is conducted by following key product positioning and monitoring the top competitors within the market framework.
โ—‹ The electronic cigarette market provides extensive qualitative insights on the potential and niche segments or regions exhibiting favorable growth.

๐„๐ง๐ช๐ฎ๐ข๐ซ๐ž ๐Œ๐จ๐ซ๐ž ๐€๐›๐จ๐ฎ๐ญ ๐ญ๐ก๐ข๐ฌ ๐‘๐ž๐ฉ๐จ๐ซ๐ญ::

๐‘๐ž๐š๐ฌ๐จ๐ง๐ฌ ๐ญ๐จ ๐›๐ฎ๐ฒ ๐„๐ฅ๐ž๐œ๐ญ๐ซ๐จ๐ง๐ข๐œ ๐‚๐ข๐ ๐š๐ซ๐ž๐ญ๐ญ๐ž ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐‘๐ž๐ฉ๐จ๐ซ๐ญ:

โ—‹ Procure strategically important competitor information, analysis, and insights to formulate effective R&D strategies.
โ—‹ Recognize emerging players with potentially strong product portfolio and create effective counter-strategies to gain competitive advantage.
โ—‹ Classify potential new clients or partners in the target demographic.
โ—‹ Develop tactical initiatives by understanding the focus areas of leading companies.
โ—‹ Plan mergers and acquisitions meritoriously by identifying Top Manufacturer.
โ—‹ Develop and design in-licensing and out-licensing strategies by identifying prospective partners with the most attractive projects to enhance and expand business potential and Scope.
โ—‹ Report will be updated with the latest data and delivered to you within 2-4 working days of order.
โ—‹ Suitable for supporting your internal and external presentations with reliable high-quality data and analysis.
โ—‹ Create regional and country strategies on the basis of local data and analysis.

๐‘๐ž๐š๐ ๐Œ๐จ๐ซ๐ž ๐“๐ซ๐ž๐ง๐๐ข๐ง๐  "๐€๐Œ๐‘ ๐„๐ฑ๐œ๐ฅ๐ฎ๐ฌ๐ข๐ฏ๐ž ๐ˆ๐ง๐ฌ๐ข๐ ๐ก๐ญ๐ฌ:

โ—‹ Cigarette Paper Market is projected to reach $2.2 billion by 2031

โ—‹ Menthol Cigarette Market to Witness a Pronounce Growth During 2022-2031

โ—‹ Electric Pocket Lighter Market by Manufacturer, Region, Type and Application Forecast to 2027

โ—‹ U.S. Electronic Cigarette Market Opportunity Analysis and Industry Forecast 2022-2031

โ—‹ Canada Cigarette Paper Market Opportunity Analysis and Industry Forecast, 2021-2031

โ—‹ Mexico Cigarette Paper Market Opportunity Analysis and Industry Forecast, 2021-2031

โ—‹ Disposable E-Cigarettes Market Opportunity Analysis and Industry Forecast, 2023-2032

โ—‹ Cigarette Rolling Paper Market Opportunity Analysis and Industry Forecast, 2023-2032


United States
1209 Orange Street,
Corporation Trust Center,
Wilmington, New Castle,
Delaware 19801 USA.
Int'l: +1-503-894-6022
Toll Free: +1-800-792-5285
Fax: +1-800-792-5285

About Us:

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

This release was published on openPR.

Permanent link to this press release:

Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Electronic Cigarette Market Predicted to Experience 16.8% CAGR; Revenue to Boost Cross $94,316.6 million by 2031 here

News-ID: 3224984 • Views: 323

More Releases from Allied Market Research

Recording a CAGR of 7.8% Indonesia Skin Care Products Market To Touch $18,828.24 Million by 2030
Recording a CAGR of 7.8% Indonesia Skin Care Products Market To Touch $18,828.24 โ€ฆ
The Indonesia skin care products market size was valued at $9,104.48 million in 2018, and is projected reach $18,828.24 million by 2030, registering a CAGR of 7.8% from 2021 to 2030.In 2017, Indonesia recorded 25% rise in registration of local cosmetic companies, majorly the small- and medium-scale enterprises, owing to the government support for the growth of the Indonesia skin care products industry. Hence, currently the total industries are moreโ€ฆ
Malt Whiskey Market Size Growth Of $6.7 Billion by 2031 | Scotch whiskey segment accounted for the highest market share
Malt Whiskey Market Size Growth Of $6.7 Billion by 2031 | Scotch whiskey segment โ€ฆ
Adoption of western culture in developing countries such as India and increase in servings of cocktails have boosted the growth of the global malt whisky market. However, health concerns regarding alcoholic beverages hinder the market growth. On the contrary, trend of mixed drinks and crafted alcohol would open lucrative opportunities in the future. Request Sample PDF Of This Report: Malt whiskey is made from a fermented mash consisting primarily of maltedโ€ฆ
Intelligent Virtual Assistant Market to Reach $44.25 Billion by 2027, Fueled by Growing AI Integration and Enhanced User Experience
Intelligent Virtual Assistant Market to Reach $44.25 Billion by 2027, Fueled by โ€ฆ
Surge in demand for automation in customer service and increase in penetration of smartphone drive the global intelligent virtual assistant market. However, inability of accurate responses may restrain the market growth. On the other hand, gesture recognition technology and multi-language support in IVAs will create new opportunities in the coming years. Download Sample Report: Covid-19 Scenario 1.The demand for software based on intelligent virtual assistant (IVA) has increased inโ€ฆ
Manufacturing Operations Management Software Market 2026: Analysis of Trends, Growth, Segmentation and Key Companies
Manufacturing Operations Management Software Market 2026: Analysis of Trends, Gr โ€ฆ
Advent of industry 4.0 coupled with supportive government initiatives for digitalization projects in emerging economies such as China and India to adopt advance technologies in the manufacturing industry are major factors expected to drive the growth of the global manufacturing operations management software market. In addition, proliferation of Industrial Internet of Thigs (IIoT) devices with rapid adoption of automation technologies is also one of the major factors expected to fuelโ€ฆ

All 5 Releases

More Releases for Cigarette

E-Cigarette Market to enjoy 'explosive growth' to 2025 | Electronic Cigarette, I โ€ฆ
The 'E-Cigarette' market is expected to see a growth according to latest report released by AMA Research highlighting development scenario with compelling market sizing by revenue and volume (Consumption, Production)* ranging from 2013-2025. The study feature not only specific market forecasts, but also include significant value-added commentary on Market Trends, Technological Trends and Innovations, Regulatory Trends and Policies, Market Maturity Indicators, Market Share Movements, Growth Drivers and Constraints, New Entrantsโ€ฆ
Electronic Cigarette
Electronic Cigarette Forecast 2019-2025 The global Electronic Cigarettes market is valued at million US$ in 2018 is expected to reach million US$ by the end of 2025, growing at a CAGR of during 20192025. This report focuses on Electronic Cigarettes volume and value at global level, regional level and company level. From a global perspective, this report represents overall Electronic Cigarettes market size by analyzing historical data and future prospect. Regionally, thisโ€ฆ
E-cigarette Market (Electronic Cigarette) Insights 2019 โ€“ Trends, Opportunitie โ€ฆ
The E-Cigarette (Electronic Cigarette) was first introduced in the year 2003, by Hon Lik in China and was available commercially in the market by 2006. The recognition of e-cigarettes touched instant base with the US and European markets. Since then this industry has been growing at a rapid pace convincing players from Tobacco industry and Pharmaceutical industry to implement several strategies to grow and sustain in the market. While topโ€ฆ
Cigarette Waste Bins Market Cigarette Waste Bins are containers or devices for extinguishing and disposal of cigarette waste.Originally provided as a courtesy to smokers in public places, cigarette receptacles are now commonplace as smoking bans and designated smoking areas require proper disposal methods. The global Cigarette Waste Bins market is valued at xx million US$ in 2018 and will reach xx million US$ by the end of 2025, growing at a CAGR of xx% duringโ€ฆ
Global E-cigarette Market 2017 - PLYROCK, BAROQUE, Boulder, Mask king, Bertha, H โ€ฆ
Global E-cigarette Market 2017 Survival Strategies explore Economic Impact in Global Industries Manufactures, Growth, Size, Share, Trends, Development Challenges and Opportunities till 2022 A Research legwork on " Global E-cigarette Market 2017-2022 " represent the market share and size of E-cigarette in international Industry. MRS Research Store added latest market research report by United States Market Insight. Research Report provides an essential information and statistically evaluated data about the E-cigarette. Theโ€ฆ
E Cigarette Store Anticipates the Increased Popularity of the E-Cigarette
The smoking ban enacted in the UK in 2007 shows no signs of being relaxed any time soon. In fact, two attempts to do just that died in Parliament last year, including an attempt to amend the legislation to allow tobacco use in private clubs. In response, E Cigarette Store anticipates that electronic cigarette usage will increase in the future. Electronic cigarettes are devices that can be used as a tobaccoโ€ฆ