Global E-Cigarettes Market Report 2024 Analysis And Forecast To 2033 | Major Key Players, Trends, Business Overview, And Competitive Analysis

The Business Research Company's global market reports are now updated with the latest market sizing information for the year 2024 and forecasted to 2033

The Business Research Company's E-Cigarettes Global Market Report 2024 identifies Rising awareness of health issues as the major driver for the E-Cigarettes market's growth in the forecast period. Conventional tobacco cigarettes release toxic compounds that adversely affect the health of the individual. The e-cigarettes are less toxic and safer compared to conventional tobacco cigarettes. For instance, the British American Tobacco company released the Vype iSwitch and Vype iSwitch Maxx based on Puretech blade technology, which involves using an ultra-slim stainless-steel blade to heat e-liquid and create vapor. The vapor products do not burn tobacco, the vapor contains significantly lower levels of toxicants than the smoke created when burning tobacco. Therefore, e-cigarettes have reduced risk properties compared to traditional cigarettes.

The e-cigarettes market size has grown rapidly in recent years. It will grow from $25.11 billion in 2023 to $29.1 billion in 2024 at a compound annual growth rate (CAGR) of 15.9%. The growth in the historic period can be attributed to smoking cessation and harm reduction, vaping culture, flavor diversity, reduced secondhand smoke, marketing and advertising.

The e-cigarettes market size is expected to see rapid growth in the next few years. It will grow to $50.98 billion in 2028 at a compound annual growth rate (CAGR) of 15.0%. The growth in the forecast period can be attributed to smoking alternatives, regulatory environment, smoking cessation aid, reduced health risks, flavor innovation. Major trends in the forecast period include flavor preferences, heat-not-burn technology, tobacco and e-cigarette technology.

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Major competitors in the E-Cigarettes market are Philip Morris International Inc., Altria Group Inc., British American Tobacco PLC, Japan Tobacco Inc., Imperial Brands PLC, Njoy Inc., International Vapor Group Inc., Reynolds American Inc., Kimree Inc., Innokin, Healthier Choices Management Corp.

A key trend in the E-Cigarettes market includes Disposable E-Cigarette. Major companies operating in e-cigarettes market are developing disposable e-cigarettes to drive the revenues in the e-cigarette market. Disposable e-cigarettes are often used as an entry point for individuals looking to transition from traditional smoking to vaping. They offer a convenient and straightforward way to experience vaping without the complexity of more advanced vaping devices.

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The E-Cigarettes market is segmented -
1) By Product Type: Disposable, Rechargeable, Modular
2) By Composition Used: Tobacco, Flavors, Nicotine-free
3) By Distribution Channel: Specialist E-Cig Shops, Online, Supermarkets, Tobacconist, Other Distribution Channels

• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia Pacific was the largest region in the E-Cigarettes market.

The Business Research Company's "Global E-Cigarettes Market Report 2024" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.

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The Table Of Content For The E-Cigarettes Market Include:
1. Executive Summary
2. E-Cigarettes Market Characteristics
3. E-Cigarettes Market Trends And Strategies
4. E-Cigarettes Market - Macro Economic Scenario
5. Global E-Cigarettes Market Size and Growth
……
31. Global E-Cigarettes Market Competitive Benchmarking
32. Global E-Cigarettes Market Competitive Dashboard
33. Key Mergers And Acquisitions In The E-Cigarettes Market
34. E-Cigarettes Market Future Outlook and Potential Analysis

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