E-cigarette Market 2019-2025 Growing Trend, High-Quality Brands, Types of Flavors, Investment Opportunities, Key Statistics and Top Companies Overview

Share this news:

The global e-cigarette market had a strong year in 2018 with a sales growth rate significantly higher than 2017. All segments of the e-cigarette industry took part in this growth including type, end user and region.

Adroit Market Research launched a study titled, “Global E-Cigarette Market Size 2017 by Type (Modular, Disposable, Rechargeable), by Region (North America, South America, Europe, Asia Pacific and Middle East & Africa) and Forecast 2018 to 2025”. The study covers the global e-cigarette market value and volume for a period ranging between 2012 to 2025, where 2012 to 2017 imply the actual annual consumption with forecast between 2018 and 2025. The global e-cigarette market report also includes qualitative insights of the market such as drivers, restrains, value chain, regulatory framework and trade statistics. The value chain has been analyzed in detail covering key stages.

The global e-cigarette market size is expected to reach up to USD 48.9 billion by 2025. The growth of the market is expected to be majorly driven by the increasing demand for less harmful alternative to the conventional cigarettes among working professionals and the youth. The high consumption of electronic cigarette among teens and young adults is expected to be the primary driver of the market during the forecast period.

Request for sample copy of the report at:
https://www.adroitmarketresearch.com/contacts/request-sample/699

E-cigarettes are devices powered by batteries which allow the user to inhale and exhale a liquid that is heated into an aerosol. This liquid usually contains nicotine, flavorings, propylene glycol, glycerin, and other chemicals. E-cigarettes come in a variety of shapes and some sizes and are often called by different name such as e-cigs, e-hookahs, mods, or vape pens. The market for e-cigarettes has developed at a rapid pace with the presence of a dynamic and diverse industry, providing a vast range of device through newly established production and distribution networks.

The global e-cigarette market trends accelerating its growth includes cheaper and safer availability of alternative to smoking. Furthermore, in addition to a wide range of electronic cigarette devices, the presence of an extensive range of flavors and nicotine concentrations in response to the evolving consumer tastes and preferences. The most notable among the e-cigarette market trends is the sector being primarily driven by young entrepreneurs, who have been able to anticipate and respond to the evolving needs of the customers. Hence, the combination of fast evolving manufacturers and the demonstrated consumer interest in e-cigarettes are expected to positively affect the e-cigarette market share. Europe E-Cigarette Market Share, by Type, 2017 (%)

The global e-cigarette market segmented on the basis of type is, dominated by the modular type of e-cigarettes due to the option of customization that it offers to the users. Modular cigarettes are the most popular among the customers, garnering a market share around 60% in 2017, globally. The demand for modular e-cigarettes was the highest in North America, constituting almost 42% of the overall e-cigarette market share 2018. The high prevalence of modular users is attributed to the presence of specialist e-cigarette stores and the high proportion of customers preferring modular e-cigarettes as their first device.

Read more details of the report at: https://www.adroitmarketresearch.com/industry-reports/e-cigarette-market

The global e-cigarette market was dominated by North America and Europe, with sales generating around 70% of the overall market revenue. However, North America held the largest share in the global market, assisted by the U.S. e-cigarette market. The sales of e-cigarettes in America is the highest and the traditional big tobacco companies have shifted to manufacture of e-cigarettes. These e-cigarette market trends is expected to sustain the growth of the U.S. e-cigarette market during the forecast period.

The global e-cigarette market is fragmented with the presence of a large number of small and big players, both at the global and regional level. The primary market participants include British Altria Group Inc., Japan Tobacco Inc., American Tobacco plc, JUUL Labs, Inc., VMR Products LLC, NJOY Inc., Imperial Brands plc, Philip Morris International Inc., International Vapor Group, Vapor Hub International Inc., and FIN Branding Group LLC among others.

Key segments of the global e-cigarette market

Type Overview, 2015-2025 (USD million)

Modular
Disposable
Rechargeable

Regional Overview, 2015-2025 (USD million)

North America
S.
Canada
Europe
Germany
UK
France
Russia
Italy
Rest of Europe
Asia-Pacific
China
Japan
Korea
India
Southeast Asia
Rest of Asia Pacific
Middle East & Africa
Saudi Arabia
UAE
South Africa
Rest of Middle East & Africa
South America
Brazil
Argentina
Mexico
Rest of South America

Enquire more details of the report at: https://www.adroitmarketresearch.com/researchreport/purchase/699

About Us:

Adroit Market Research is an India-based business analytics and consulting company incorporated in 2018. Our target audience is a wide range of corporations, manufacturing companies, product/technology development institutions and industry associations that require understanding of a market’s size, key trends, participants and future outlook of an industry. We intend to become our clients’ knowledge partner and provide them with valuable market insights to help create opportunities that increase their revenues. We follow a code– Explore, Learn and Transform. At our core, we are curious people who love to identify and understand industry patterns, create an insightful study around our findings and churn out money-making roadmaps.

Contact Info:
Name: Ryan Johnson
Email: Send Email
Organization: Adroit Market Research
Address: 3131 McKinney Ave Ste 600, Dallas, TX75204, U.S.A.
Phone: +1 (214) 884-6068
Website: https://www.adroitmarketresearch.com/industry-reports/e-cigarette-market

Release ID: 474606

CONTACT ISSUER
Name: Ryan Johnson
Email: Send Email
Organization: Adroit Market Research
Address: 3131 McKinney Ave Ste 600, Dallas, TX75204, U.S.A.
SUBSCRIBE FOR MORE