E-Cigarette Market Witness Highest Growth at a CAGR of 3.3% by 2028

A Quick Overview of E-Cigarette Market

The key object of this report on the E-Cigarette Market is to offer worthy data and a geographical perspective for predictions of market growth in the future. The recommendations added in this detailed report are insightful, and actionable offering a deep understanding of the industry. Moreover, it includes a comprehensive importance of aspects that have impacted the industry.

MarkNtel Advisors has recently studied an extensive market intelligence evaluation on the E-Cigarette Market. Also, the newly released report exhibits an engaging format that comprises compelling graphs, tables, charts, and figures as well. These seamlessly combined visual aids are designed to support the clarity and accuracy of the details presented, offering analysts a deep knowledge of the topic at hand.

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E-Cigarette Market Scenario:

The Global E-cigarettes Market is projected to grow at a CAGR of around 3.3% during the forecast period, i.e., 2023-28. The growth of the market is likely to be driven primarily by the increasing urge in consumers to quit smoking tobacco products as well as their perception of e-cigarettes as a less risky alternative to traditional cigarettes owing to benefits, including no smoke & pollution, reduced health-related issues, and the ability to smoke in public areas.

More & more people are becoming aware of the harmful effects of conventional tobacco-based cigarettes, owing to which e-cigarettes are gaining traction, especially among the young generation & adolescents. Several small companies that offer effective vaping products & e-liquids are developing a sizable consumer base, and to keep their prices low, they are typically outsourcing e-cigarette production to China.

E-Cigarette Market Segmentation Analysis:

E-Cigarette Industry, analyzes, identifies, and highlights the main trends and drivers which are affecting each segment of the market. The market has been further divided into the following categories:

By Type

Completely Disposable Model
Rechargeable but Disposable Cartomizer
Personalized Vaporizer

By Battery Mode

Automatic E-cigarette
Manual E-cigarette

By Flavour

Tobacco
Botanical
Fruit
Sweet
Beverage
Others

By Distribution Channel

Online Retail
Offline Retail

By Region

North America
South America
Europe
Middle East & Africa
Asia-Pacific.

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Who are the Key Market Players in the E-Cigarette Market?

In the fast-changing E-Cigarette Market, understanding what our competitors are doing is crucial. By carefully analyzing things, we figured out some of the dominating players in the industry. So, the top companies of the E-Cigarette market ruling the industry are:

List of Key Companies Profiled:

British American Tobacco PLC
Philip Morris International Inc.
Altria Group, Inc.
Imperial Brands PLC
JWEI Group
J Well France
Japan Tobacco Inc.
Ritchy Group Limited
Juul Labs Inc.
Innokin Technology
NJOY Inc.
J. Reynolds Vapor Company
Shenzhen Kanger Technology Co., Ltd
NicQuid
Others.

Global E-Cigarette Recent Development:

In February 2023, Philip Morris International (PMI) launched VEEBA in the UK market, i.e., a premium, responsible, & sustainable disposable e-vapor device for use by adult smokers as well as existing adult nicotine users seeking a better alternative to continued smoking.

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