- Disposable,
- Rechargeable,
- Modular Devices
E-cigarette market size was valued at USD 17,231.2 million in 2022 and is expected to grow at a significant CAGR of 14.1% from 2023 to 2029. The global market provides a detailed overview of the market 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 channels, the E-cigarette market is segmented into Specialist e-cig shops, Online Stores, Supermarkets, and Others. Among these, the Specialist e-cig shops segment is expected to have the fastest-growing market during the forecast period 2023-2029. Based on composition, the E-cigarette market is segmented into Nicotine and nicotine-free. Nicotine is expected to dominate the market in the future according to Precision Business Insights.
E-cigarette Market Key Developments:
- 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 Summary
Study Period
2024-2030
Base Year
2023
CAGR
14.1%
Largest Market
Europe
Fastest Growing Market
North America
E-cigarette Market Dynamics
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
E-Cigarette Market Regional Analysis
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
Europe
Asia Pacific
Middle East
North America
Key Features of the Reports
- The e-cigarette market report provides granular level information about the market size, regional market share, historic market (2018-2022), and forecast (2023-2029)
- The report covers in-detail insights about the competitors 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
By Product Type
By Distribution Channel
- Specialist e-cig shops,
- Online Stores,
- Supermarkets,
- Others
By Composition
- Nicotine,
- Nicotine Free
Frequently Asked Questions
The CAGR of the e-cigarette market is 14.1% over the forecast period (2023 – 2029)
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
| 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, 2018 - 2022 and Forecast, 2023 - 2029 |
| 4.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (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, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
| 5.1. Disposable |
| 5.1.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (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, 2018 - 2022 and Forecast, 2023 - 2029 (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, 2018 - 2022 and Forecast, 2023 - 2029 (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, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
| 6.1. Specialist e-cig shops |
| 6.1.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (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, 2018 - 2022 and Forecast, 2023 - 2029 (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, 2018 - 2022 and Forecast, 2023 - 2029 (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, 2018 - 2022 and Forecast, 2023 - 2029 (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, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
| 7.1. Nicotine |
| 7.1.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (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, 2018 - 2022 and Forecast, 2023 - 2029 (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, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
| 8.1. North America |
| 8.1.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (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, 2018 - 2022 and Forecast, 2023 - 2029 (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, 2018 - 2022 and Forecast, 2023 - 2029 (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, 2018 - 2022 and Forecast, 2023 - 2029 (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, 2018 - 2022 and Forecast, 2023 - 2029 (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, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
| 9.1. Product Analysis 2018 - 2022 and Forecast, 2023 - 2029 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 2018 - 2022 and Forecast, 2023 - 2029 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 2018 - 2022 and Forecast, 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
| 9.3.1. Nicotine |
| 9.3.2. Nicotine Free |
| 9.4. Country Analysis 2018 - 2022 and Forecast, 2023 - 2029 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, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
| 10.1. Product Analysis 2018 - 2022 and Forecast, 2023 - 2029 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 2018 - 2022 and Forecast, 2023 - 2029 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 2018 - 2022 and Forecast, 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
| 10.3.1. Nicotine |
| 10.3.2. Nicotine Free |
| 10.4. Country Analysis 2018 - 2022 and Forecast, 2023 - 2029 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, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
| 11.1. Product Analysis 2018 - 2022 and Forecast, 2023 - 2029 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 2018 - 2022 and Forecast, 2023 - 2029 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 2018 - 2022 and Forecast, 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
| 11.3.1. Nicotine |
| 11.3.2. Nicotine Free |
| 11.4. Country Analysis 2018 - 2022 and Forecast, 2023 - 2029 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, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
| 12.1. Product Analysis 2018 - 2022 and Forecast, 2023 - 2029 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 2018 - 2022 and Forecast, 2023 - 2029 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 2018 - 2022 and Forecast, 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
| 12.3.1. Nicotine |
| 12.3.2. Nicotine Free |
| 12.4. Country Analysis 2018 - 2022 and Forecast, 2023 - 2029 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, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
| 13.1. Product Analysis 2018 - 2022 and Forecast, 2023 - 2029 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 2018 - 2022 and Forecast, 2023 - 2029 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 2018 - 2022 and Forecast, 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
| 13.3.1. Nicotine |
| 13.3.2. Nicotine Free |
| 13.4. Country Analysis 2018 - 2022 and Forecast, 2023 - 2029 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 |
- 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