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E-Cigarettes Market worth $33.64 billion by 2030, growing at a CAGR of 10.82% - Exclusive Report by 360iResearch
E-Cigarettes Market | 360iResearch
The Global E-Cigarettes Market to grow from USD 16.38 billion in 2023 to USD 33.64 billion by 2030, at a CAGR of 10.82%.
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E-cigarettes, or electronic cigarettes, are battery-powered devices that heat a liquid which usually contains nicotine and other chemicals) to make an aerosol, commonly referred to as "vapor." Users inhale this vapor, which simulates the act of smoking traditional tobacco cigarettes but without the combustion of tobacco. E-cigarettes gained popularity as an alternative to traditional cigarettes and as a smoking cessation tool. They were initially marketed as a potentially less harmful alternative compared to traditional cigarettes, as users inhale vapor rather than smoke, which contains harmful chemicals produced by burning tobacco. The growing awareness about the harmful side effects of traditional tobacco smoking is prompting smokers to shift to e-cigarettes. Innovations in device functionality and nicotine delivery systems attract consumers and fuel market growth. Increasingly stringent government regulations, potential health risks, availability of counterfeit products, and associated high costs could hamper market growth. Moreover, innovations focusing on enhancing the user experience, such as better battery life and customizable flavor options, and the establishment of e-cigarette recycling initiatives create a lucrative market opportunity.
The Americas has a significant landscape in the e-cigarette market due to the diverse range of e-cigarette brands and products, evolving consumer preferences, and high consumer purchasing power. The regional countries present a more regulated market environment with stringent tobacco laws influencing the e-cigarette domain. Investment and innovation with several startups focusing on technological advancements and product differentiation further fuel the market in the region. The European Union (EU) countries signify a significant market for e-cigarettes, largely driven by health-conscious smokers looking for alternative nicotine delivery systems. Recent trends indicate a shift towards vaping products with lower nicotine concentrations, with manufacturers investing in research to cater to this consumer need. While still at an emerging stage, the Middle East showcases the growth potential, with the younger population increasing and using this alternative method, further driving the region's e-cigarette market. The Asia Pacific region exhibits significant diversity in the e-cigarette market, with prominent consumer markets being the significant manufacturers of e-cigarettes, which plays a pivotal role with its vast production capability and strong domestic consumer base.
Market Segmentation & Coverage:
This research report categorizes the E-Cigarettes Market in order to forecast the revenues and analyze trends in each of following sub-markets:
Based on Type, market is studied across Disposable, Modular, and Rechargeable. The Modular is projected to witness significant market share during forecast period.
Based on Flavor, market is studied across Beverage, Botanical, Fruit, Sweet, and Tobacco. The Botanical is projected to witness significant market share during forecast period.
Based on Distribution Channel, market is studied across Offline Mode and Online Mode. The Offline Mode is projected to witness significant market share during forecast period.
Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom. The Europe, Middle East & Africa commanded largest market share of 36.23% in 2023, followed by Asia-Pacific.
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FPNV Positioning Matrix:
The FPNV Positioning Matrix is essential for assessing the E-Cigarettes Market. It provides a comprehensive evaluation of vendors by examining key metrics within Business Strategy and Product Satisfaction, allowing users to make informed decisions based on their specific needs. This advanced analysis then organizes these vendors into four distinct quadrants, which represent varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital(V).
Market Share Analysis:
The Market Share Analysis offers an insightful look at the current state of vendors in the E-Cigarettes Market. By comparing vendor contributions to overall revenue, customer base, and other key metrics, we can give companies a greater understanding of their performance and what they are up against when competing for market share. The analysis also sheds light on just how competitive any given sector is about accumulation, fragmentation dominance, and amalgamation traits over the base year period studied.
Key Company Profiles:
The report delves into recent significant developments in the E-Cigarettes Market, highlighting leading vendors and their innovative profiles. These include ALD Group Limited, Altria Group, Inc., British American Tobacco PLC, FIN Branding Group, LLC, GD SIGELEI Electronic Tech Co. Ltd., GEEKVAPE, Imperial Tobacco Group PLC, Innokin Technology Ltd., Intellicig Inc., ITC Limited, J WELL Vaping, Japan Tobacco Inc., Joyetech Group, JUUL Labs, Inc., JWEI Group, MOJOUS, NicQuid, LLC, NJOY Inc., Philip Morris International Inc., PhixVapor, RELX plc, Ritchy Group Ltd., Shenzhen Kanger Technology Co., Ltd., Turning Point Brands, Inc., VIP Electronic Cigarettes, and White Cloud Electronic Cigarettes.
Key Topics Covered:
1. Preface
2. Research Methodology
3. Executive Summary
4. Market Overview
5. Market Insights
6. E-Cigarettes Market, by Type
7. E-Cigarettes Market, by Flavor
8. E-Cigarettes Market, by Distribution Channel
9. Americas E-Cigarettes Market
10. Asia-Pacific E-Cigarettes Market
11. Europe, Middle East & Africa E-Cigarettes Market
12. Competitive Landscape
13. Competitive Portfolio
The report provides insights on the following pointers:
1. Market Penetration: Provides comprehensive information on the market offered by the key players
2. Market Development: Provides in-depth information about lucrative emerging markets and analyzes penetration across mature segments of the markets
3. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments
4. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players
5. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments
The report answers questions such as:
1. What is the market size and forecast of the E-Cigarettes Market?
2. Which are the products/segments/applications/areas to invest in over the forecast period in the E-Cigarettes Market?
3. What is the competitive strategic window for opportunities in the E-Cigarettes Market?
4. What are the technology trends and regulatory frameworks in the E-Cigarettes Market?
5. What is the market share of the leading vendors in the E-Cigarettes Market?
6. What modes and strategic moves are considered suitable for entering the E-Cigarettes Market?
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About 360iResearch
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