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E-cigarette Market: Global Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis (2017-2021) and Forecast (2022-2028)

E-cigarette Market: Global Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis (2017-2021) and Forecast (2022-2028)

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E-cigarette Market By Product (Disposable, Rechargeable, Modular Devices), By Distribution Channel (Specialist e-cig shops, Online Stores, Supermarkets, Others), By Composition (Nicotine, Nicotine Free) and Geography

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Report

Description

The e-cigarette market size is valued at USD 17,231.2 million in 2021 and is expected to grow at a significant CAGR of 14.1% during the forecast period from 2022 to 2028. The global market provides a detailed overview of the market and that can be segmented By Product, Distribution Channel, Composition, and Region. By Product, the E-cigarette market has been segmented into Disposable, Rechargeable, Modular Devices. The disposable segment is likely to be the largest and fastest-growing segment in terms of product type. Based on distribution channel, the E-cigarette market is segmented into Specialist e-cig shops, Online Stores, Supermarkets, Others.  Among these, the Specialist e-cig shops segment is expected to have the fastest-growing market during the forecast period 2022-2028. Based on composition, the E-cigarette market is segmented into Nicotine, Nicotine Free. Nicotine is expected to dominate the market in the future according to Precision Business Insights.

Key Development:

In September 2020, Japan Tobacco Inc. announced its partnership with Sauber Engineering AG, a prototype and technology developer. Through this partnership, the companies would continue to collaborate on developing engineering projects to increase the performance of Japan Tobacco Inc. products.

E-cigarette Market

MARKET SUMMARY
-
14.1% CAGR
  • Study Period– 2022 – 2028
  • Base Year– 2021
  • CAGR– 14.1%
  • Largest Market– Europe
  • Fastest Growing Market– North America

E-cigarette Market

  • The global e-cigarette market report gives comprehensive outlook across the globe with special emphasis on key regions such as North America, Europe, Asia Pacific, Latin America, and Middle East and Africa.
  • The report on global e-cigarette market gives historical, current, and future market sizes (US$ Mn) on the basis of product type, distribution Chanel, by composition and region.
Key Players
  • JUUL Labs, Inc
  • NicQuid
  • Philip Morris International Inc
  • J. Reynolds Vapor Company
  • Shenzhen IVPS Technology Co., Ltd
E-cigarette Market Drivers

Rise in awareness about e-cigarettes being safer than traditional cigarettes, especially among the younger population is anticipated to drive the market over the forecast years.

North-America Got Significant Share

By region, the North America market is expected to witness highest market share during the forecast period. The social media presence of major industry players is widely used for selling e-cigarettes and vaping products. The young population has largely adopted vaping devices as a safer alternative to tobacco, which is expected to boost the adoption of the product.

Latin America
Latin-America
North-America
North-America
Europe
Europe
Asia Pacific
Asia-Pacific
Middle East
Middle East
Key

Features of the Report

  • The e-cigarette market report provides granular level information about the market size, regional market share, historic market (2017-2021) and forecast (2022-2028)
  • The report covers in-detail insights about the competitor’s overview, company share analysis, key market developments, and their key strategies
  • The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
  • The report tracks recent innovations, key developments, and start-up details that are actively working in the market
  • The report provides a plethora of information about market entry strategies, regulatory framework, and reimbursement scenario
E-cigarette Market Segmentation

segmentation-block-image

By Product Type

    • Disposable,
    • Rechargeable,
    • Modular Devices
segmentation-block-image

Distribution Channel

    • Specialist e-cig shops,
    • Online Stores,
    • Supermarkets,
    • Others
segmentation-block-image

By Composition

    • Nicotine,
    • Nicotine Free
Location

GEOGRAPHY

Frequently Asked Questions

The CAGR of the e-cigarette market is 14.1% over the forecast period (2022 – 2028)

The major players in the global E-cigarette market are JUUL Labs, Inc, NicQuid, Philip Morris International Inc, R.J. Reynolds Vapor Company, Nicquid, Shenzhen IVPS Technology Co., Ltd, Shenzhen KangerTech Technology Co., Ltd, Japan Tobacco, International Vapor Group, Imperial Brands.

North America is the fastest-growing region for the e-cigarette market

Report

Table Of Content

1. Executive Summary
2. Global E-cigarette Market Introduction
2.1. Global E-cigarette Market – Taxonomy
2.2. Global E-cigarette Market –Definitions
2.2.1. By Product
2.2.2. By Distribution Channel
2.2.3. By Composition
2.2.4. By Region
3. Global E-cigarette Market Dynamics
3.1. Drivers
3.2. Restraints
3.3. Opportunities/Unmet Needs of the Market
3.4. Trends
3.5. Global E-cigarette Market Dynamic Factors – Impact Analysis
3.6. Global E-cigarette Market – Competition Landscape
4. Global E-cigarette Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028
4.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
4.2. Year-over-Year (Y-o-Y) Growth Analysis (%)
4.3. Market Opportunity Analysis
5. Global E-cigarette Market, By Product, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
5.1. Disposable
5.1.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
5.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
5.1.3. Market Opportunity Analysis
5.2. Rechargeable
5.2.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
5.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
5.2.3. Market Opportunity Analysis
5.3. Modular Devices
5.3.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
5.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
5.3.3. Market Opportunity Analysis
6. Global E-cigarette Market, By Distribution Channel, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
6.1. Specialist e-cig shops
6.1.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
6.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.1.3. Market Opportunity Analysis
6.2. Online Stores
6.2.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
6.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.2.3. Market Opportunity Analysis
6.3. Supermarkets
6.3.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
6.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.3.3. Market Opportunity Analysis
6.4. Others
6.4.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
6.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.4.3. Market Opportunity Analysis
7. Global E-cigarette Market, By Composition, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
7.1. Nicotine
7.1.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
7.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.1.3. Market Opportunity Analysis
7.2. Nicotine Free
7.2.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
7.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.2.3. Market Opportunity Analysis
8. Global E-cigarette Market Forecast, By Region, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
8.1. North America
8.1.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
8.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
8.1.3. Market Opportunity Analysis
8.2. Europe
8.2.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
8.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
8.2.3. Market Opportunity Analysis
8.3. Asia-Pacific
8.3.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
8.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
8.3.3. Market Opportunity Analysis
8.4. Latin America
8.4.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
8.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
8.4.3. Market Opportunity Analysis
8.5. Middle East and Africa
8.5.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
8.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
8.5.3. Market Opportunity Analysis
8.6. Global E-cigarette Market – Opportunity Analysis Index, By Product, Distribution Channel, Composition, and Region, 2020 – 2026
9. North America E-cigarette Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
9.1. Product Analysis 2017 – 2021 and Forecast, 2022 – 2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
9.1.1. Disposable
9.1.2. Rechargeable
9.1.3. Modular Devices
9.2. Distribution Channel Analysis 2017 – 2021 and Forecast, 2022 – 2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
9.2.1. Specialist e-cig shops
9.2.2. Online Stores
9.2.3. Supermarketss
9.2.4. Others
9.3. Composition Analysis 2017 – 2021 and Forecast, 2022 – 2028 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
9.3.1. Nicotine
9.3.2. Nicotine Free
9.4. Country Analysis 2017 – 2021 and Forecast, 2022 – 2028 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
9.4.1. USA
9.4.2. Canada
9.5. North America E-cigarette Market – Opportunity Analysis Index, By Product, Distribution Channel, Composition, and Country, 2020 – 2026
9.6. North America E-cigarette Market Dynamics – Trends
10. Europe E-cigarette Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
10.1. Product Analysis 2017 – 2021 and Forecast, 2022 – 2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
10.1.1. Disposable
10.1.2. Rechargeable
10.1.3. Modular Devices
10.2. Distribution Channel Analysis 2017 – 2021 and Forecast, 2022 – 2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
10.2.1. Specialist e-cig shops
10.2.2. Online Stores
10.2.3. Supermarketss
10.2.4. Others
10.3. Composition Analysis 2017 – 2021 and Forecast, 2022 – 2028 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
10.3.1. Nicotine
10.3.2. Nicotine Free
10.4. Country Analysis 2017 – 2021 and Forecast, 2022 – 2028 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
10.4.1. Germany
10.4.2. UK
10.4.3. France
10.4.4. Spain
10.4.5. Italy
10.4.6. Russia
10.4.7. Rest of Europe
10.5. Europe E-cigarette Market – Opportunity Analysis Index, By Product, Distribution Channel, Composition, and Country, 2020 – 2026
10.6. Europe E-cigarette Market Dynamics – Trends
11. Asia-Pacific E-cigarette Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
11.1. Product Analysis 2017 – 2021 and Forecast, 2022 – 2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
11.1.1. Disposable
11.1.2. Rechargeable
11.1.3. Modular Devices
11.2. Distribution Channel Analysis 2017 – 2021 and Forecast, 2022 – 2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
11.2.1. Specialist e-cig shops
11.2.2. Online Stores
11.2.3. Supermarketss
11.2.4. Others
11.3. Composition Analysis 2017 – 2021 and Forecast, 2022 – 2028 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
11.3.1. Nicotine
11.3.2. Nicotine Free
11.4. Country Analysis 2017 – 2021 and Forecast, 2022 – 2028 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
11.4.1. China
11.4.2. India
11.4.3. Japan
11.4.4. ASEAN
11.4.5. Australia & New Zealand
11.4.6. Rest of Asia-Pacific
11.5. Asia-Pacific E-cigarette Market – Opportunity Analysis Index, By Product, Distribution Channel, Composition, and Country, 2020 – 2026
11.6. Asia-Pacific E-cigarette Market Dynamics – Trends
12. Latin America E-cigarette Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
12.1. Product Analysis 2017 – 2021 and Forecast, 2022 – 2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
12.1.1. Disposable
12.1.2. Rechargeable
12.1.3. Modular Devices
12.2. Distribution Channel Analysis 2017 – 2021 and Forecast, 2022 – 2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
12.2.1. Specialist e-cig shops
12.2.2. Online Stores
12.2.3. Supermarketss
12.2.4. Others
12.3. Composition Analysis 2017 – 2021 and Forecast, 2022 – 2028 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
12.3.1. Nicotine
12.3.2. Nicotine Free
12.4. Country Analysis 2017 – 2021 and Forecast, 2022 – 2028 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
12.4.1. Brazil
12.4.2. Mexico
12.4.3. Rest of Latin America
12.5. Latin America E-cigarette Market – Opportunity Analysis Index, By Product, Distribution Channel, Composition, and Country, 2020 – 2026
12.6. Latin America E-cigarette Market Dynamics – Trends
13. Middle East and Africa E-cigarette Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
13.1. Product Analysis 2017 – 2021 and Forecast, 2022 – 2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
13.1.1. Disposable
13.1.2. Rechargeable
13.1.3. Modular Devices
13.2. Distribution Channel Analysis 2017 – 2021 and Forecast, 2022 – 2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
13.2.1. Specialist e-cig shops
13.2.2. Online Stores
13.2.3. Supermarketss
13.2.4. Others
13.3. Composition Analysis 2017 – 2021 and Forecast, 2022 – 2028 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
13.3.1. Nicotine
13.3.2. Nicotine Free
13.4. Country Analysis 2017 – 2021 and Forecast, 2022 – 2028 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
13.4.1. Gulf Cooperation Council (GCC) Countries
13.4.2. South Africa
13.4.3. Rest of MEA
13.5. MEA E-cigarette Market – Opportunity Analysis Index, By Product, Distribution Channel, Composition, and Country, 2020 – 2026
13.6. MEA E-cigarette Market Dynamics – Trends
14. Competition Landscape 
14.1. Strategic Dashboard of Top Market Players
14.2. Company Profiles (Introduction, Financial Analysis, Product Offerings, Key Developments, Strategies, and SWOT Analysis)
14.2.1. JUUL Labs, Inc
14.2.2. NicQuid
14.2.3. Philip Morris International Inc
14.2.4. R.J. Reynolds Vapor Company
14.2.5. Nicquid
14.2.6. Shenzhen IVPS Technology Co., Ltd
14.2.7. Shenzhen KangerTech Technology Co., Ltd
14.2.8. Japan Tobacco
14.2.9. International Vapor Group
14.2.10. Imperial Brands
15. Research Methodology
16. Key Assumptions and Acronyms
Report

Company Profile

  • JUUL Labs, Inc
  • NicQuid
  • Philip Morris International Inc
  • J. Reynolds Vapor Company
  • Nicquid
  • Shenzhen IVPS Technology Co., Ltd
  • Shenzhen KangerTech Technology Co., Ltd
  • Japan Tobacco
  • International Vapor Group

Description

The e-cigarette market size is valued at USD 17,231.2 million in 2021 and is expected to grow at a significant CAGR of 14.1% during the forecast period from 2022 to 2028. The global market provides a detailed overview of the market and that can be segmented By Product, Distribution Channel, Composition, and Region. By Product, the E-cigarette market has been segmented into Disposable, Rechargeable, Modular Devices. The disposable segment is likely to be the largest and fastest-growing segment in terms of product type. Based on distribution channel, the E-cigarette market is segmented into Specialist e-cig shops, Online Stores, Supermarkets, Others.  Among these, the Specialist e-cig shops segment is expected to have the fastest-growing market during the forecast period 2022-2028. Based on composition, the E-cigarette market is segmented into Nicotine, Nicotine Free. Nicotine is expected to dominate the market in the future according to Precision Business Insights.

Key Development:

In September 2020, Japan Tobacco Inc. announced its partnership with Sauber Engineering AG, a prototype and technology developer. Through this partnership, the companies would continue to collaborate on developing engineering projects to increase the performance of Japan Tobacco Inc. products.

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