Global Electronic Cigarette Market Analysis and Forecast Report 2030

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Product overview
Electronic cigarette is a device that consists of a battery, an atomizer, and an inhaler that simulates tobacco smoking without the use of tobacco. The unit is filled with a nicotine-containing or nicotine-free liquid that is heated and transformed into vapor before being inhaled, making it less toxic than traditional cigarettes. This system is now being recognized as a viable alternative to traditional cigarettes owing to its advantages such as no smoke, no pollution, reduced health-related issues, and the ability to smoke in public areas. Increasing affluence increased knowledge about the harmful effects of traditional cigarettes, reduced tar and carbon monoxide inhalation through electronic cigarettes, and increased technological advances by electronic cigarette manufacturers all contribute to the market’s growth.

Market Highlights
Global Electronic Cigarette market is expected to project a notable CAGR of 14.9% in 2030.
Global Electronic Cigarette Market to surpass USD XXX million by 2030 from USD XXX million in 2020 at a CAGR of 14.9% in the coming years, i.e., 2021-30. This growth is anticipated due increasing mergers and acquisitions across various sectors which will create a worldwide demand for Electronic Cigarette. The growth of online stores is also propelling the selling of high-end products. E-commerce allows the simple purchasing of goods manufactured in remote locations. This, in turn, has made a major contribution to the development of the global Electronic Cigarette industry.

Global Electronic Cigarette Market: Segments
Brassiere segment to grow with the highest CAGR during 2020-30
Global Electronic Cigarette Market is segmented by product type into Disposable, rechargeable, modular devices, and others. Rechargeable segment held the largest market share of XX.X% in the year 2020. E-cigarettes have grown over time, becoming smaller and safer. By changing the e-liquid cartridges in rechargeable batteries, they can be used for longer periods of time.
Furthermore, these devices are relatively inexpensive, which is expected to boost their acceptance. Over the projected era, modular devices are expected to be the fastest-growing product category. These devices have customization options that allow users to mix and match parts to change the flavor and amount of vapor produced. Over the projected era, new technologies such as pod devices have increased the selling of vaping devices. Furthermore, manufacturers are developing a variety of product configurations and price points to enable consumers to get their preferred device at a fair price.

Online segment to grow with the highest CAGR during 2020-30
Global Electronic Cigarette Market is segmented by distribution channel into online and offline. Over the forecast period, the online distribution channel is projected to expand at the fastest pace. Sales via this channel have been powered by the increasing popularity of e-commerce platforms among manufacturers and high internet penetration.

Electronic Cigarette Market Dynamics
Drivers
Flavored e-cigarettes and wide range of flavor variety
Surging demand of Electronic cigarettes from numerous end user industries is the key factor contributing in the market growth. To attract e-cigarette manufacturers and consumers, flavor and fragrance vendors are offering a wide range of e-cigarette flavors. Various flavors, such as menthol, mint, chocolate, cola, bubble gum, and fruit and flavoring substance fusions, are luring a vast number of customers to try e-cigarettes. Users in North America and Europe, mostly the United States, Canada, and the United Kingdom, are reporting a turn toward flavored e-cigarette. As a result of the demand for flavored e-cigarettes from all over the world, the e-cigarette industry is seeing an influx of new flavors. With an increasing awareness of human and environmental health, governments around the world are trying to create a healthier and greener climate, and some have gone so far as to outright ban smoking in public areas. Smoking has been prohibited in some public areas, forcing smokers to leave the premises to do so. As a result, demand for e-cigarettes, which do not emit tobacco smoke but offer the same sensation as regular cigarettes, has increased, propelling the market forward.

Opening of new stores and outlets and innovative e-cigarette products
Manufacturers of e-cigarettes are concentrating their efforts on promoting and selling their goods solely through kiosks and designated in-store hubs at major retail outlets and grocery stores. Many e-cigarette companies have opened their own stores and outlets to provide a club-like vaping experience. Smokers are drawn to these stores because they can find a wide range of flavors and innovative e-cigarette products. As a result of these outlets and dedicated shops, there is a demand for different vaping items sold by individual providers, which is pushing the global e-cigarette industry forward.

Restraint
Stringent rules and regulations and lockdowns imposed by governments
The market’s growth has been stifled by stringent regulations imposed by local governments in the United States, India, and Germany, among other countries. Several countries have outlawed the distribution and selling of vapor goods, resulting in lower prices. Furthermore, strict trade rules have made importing vaping products for personal use difficult. To fight anti-vaping policies and to regulate the industry, the vaping industry has funded organizations such as the American Medical Association (AMA), Consumer Advocates for Smoke-Free Alternatives Association, and the Food and Drug Administration (FDA).

Global Electronic Cigarette Market: Key players
Japan Tobacco, Inc.

Company Overview, Business Strategy, Key Product Offerings, Financial Performance, Key Performance Indicators, Risk Analysis, Recent Development, Regional Presence, SWOT Analysis

Kimree
MCIG Inc.
Nicotek LLC
Njoy Inc
Philip Morris International
Reynolds American Inc.
TruVape
Vaporcorp
VMR Product
Other Prominent Players

Global Electronic Cigarette Market: Regions
Global Electronic Cigarette Market is segmented based on regional analysis into five major regions. These include North America, Latin America, Europe, Asia Pacific, and the Middle East, and Africa.

Global Electronic Cigarette Market in North America held the largest market share of XX.X% in the year 2020 in terms of revenue because of the high visibility of electronic cigarettes and the health risks associated with tobacco smoking. The perception of electronic cigarettes as a tobacco cessation product is driving market growth in the country. In the world economy, the United States has the largest market share.

Global Electronic Cigarette Market is further segmented by region into:
North America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – United States and Canada
Latin America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – Mexico, Argentina, Brazil and Rest of Latin America
Europe Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – United Kingdom, France, Germany, Italy, Spain, Belgium, Hungary, Luxembourg, Netherlands, Poland, NORDIC, Russia, Turkey, and Rest of Europe
Asia Pacific Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – India, China, South Korea, Japan, Malaysia, Indonesia, New Zealand, Australia, and Rest of APAC
Middle East and Africa Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – North Africa, Israel, GCC, South Africa, and Rest of MENA

Global Electronic Cigarette Market report also contains analysis on:
Electronic Cigarette Market Segments:
By Product Type
Disposable
Rechargeable
Modular Devices
Others
By Distribution Channel
Online
Offline
Electronic Cigarette Market Dynamics
Electronic Cigarette Market Size
Supply & Demand
Current Trends/Issues/Challenges
Competition & Companies Involved in the Market
Value Chain of the Market
Market Drivers and Restraints

The post Global Electronic Cigarette Market Analysis and Forecast Report 2030 first appeared on CRI Report.

Sample of Research Report on China’s Electronic Cigarette Industry, 2018-2022

admin — Fri, 11 Jan 2019 08:30:22 +0000

This is a free sample of the report

Research Report on China’s Electronic Cigarette Industry, 2018-2022

The post Sample of Research Report on China’s Electronic Cigarette Industry, 2018-2022 first appeared on CRI Report.

Research Report on China’s Electronic Cigarette Industry, 2018-2022

admin — Thu, 29 Nov 2018 06:58:22 +0000

Description
Statistics show that the number of smokers in China is about 300 million to 350 million, and is still growing. More than 700 million non-smokers are exposed to second-hand smoke, and more than 1 million people die of smoking-related diseases every year. In 2017, the sales revenue of China’s cigarette industry reached CNY 1,435 billion (USD 208 billion)
An electronic cigarette is an electronic device that simulates the work of traditional cigarettes. It simulates tobacco smoke to provide the feeling of smoking and satisfy the smoker’s craving for nicotine. Therefore, it can be used as a substitute for traditional cigarettes to some extent. Compared with traditional tobacco, electronic cigarettes are much less harmful to human health, and cost only 2/3 or less.
Since the cigarette industry can bring huge taxes to the Chinese government, the Chinese government holds different attitudes towards different types of electronic cigarettes. Overall, it does not regulate vapes. While it prohibits the import and sale of heat-not-burn electronic cigarettes that are more similar to traditional cigarettes in flavor in fear that heat-not-burn electronic cigarettes would seriously impact the sales of traditional cigarettes. Therefore, heat-not-burn electronic cigarettes can only be sold online.
According to CRI’s market research, China is the world’s biggest base of electronic cigarette production. Accounting for over 90% of the global electronic cigarette production, in 2017, China-made electronic cigarettes exceeded 1.6 billion units. Despite the huge production volume, over 90% of China-made cigarettes are exported. Only a small portion is sold domestically. In recent years, as Chinese smokers raise their health consciousness, China’s electronic cigarette market is growing rapidly. From 2013 to 2017, the market size of electronic cigarettes in China grew from less than CNY 1 billion to more than CNY 4 billion. Although there are some leading enterprises in China’s electronic cigarette industry, the overall market concentration ratio is low, and the growth potential is huge.
As Chinese smokers are more concerned about health, and electronic cigarettes contain much less harmful substances such as nicotine, electronic cigarettes will be welcomed by many smokers, especially young smokers who prefer diversified tastes and plentiful smoke. Moreover, the advancement in electronic cigarette technology can reduce production costs and enhance flavors, thereby cutting the migration costs for traditional smokers. It is expected that as the consciousness of smoking ban is strengthened, the Chinese government will loosen up on its electronic cigarette policies, which will promote the development of China’s electronic cigarette industry. It is expected that with the continuous strengthening of the smoking ban, the Chinese government’s policy on e-cigarettes will gradually become looser, which will help promote the development of China’s e-cigarette industry. If 10% or 30 million to 35 million of Chinese smokers turn to electronic cigarettes, the potential market size will be above USD 15 billion.

Topics Covered:
– Development environment of China’s electronic cigarette industry
– Supply of and demand for electronic cigarettes in China
– Export of electronic cigarettes in China
– Competition on China’s electronic cigarette market
– Major factors influencing the development of China’s electronic cigarette industry
– Prospect of China’s electronic cigarette market from 2018 to 2022

The post Research Report on China’s Electronic Cigarette Industry, 2018-2022 first appeared on CRI Report.

Electronic Cigarette – CRI Report

Global Electronic Cigarette Market Analysis and Forecast Report 2030

Sample of Research Report on China’s Electronic Cigarette Industry, 2018-2022

Research Report on China’s Electronic Cigarette Industry, 2018-2022

Research Report on China’s Electronic Cigarette Industry, 2018-2022