E-cigarette and T-vapor Market: Global Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2016-2021 and Forecast 2022-2028

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E-cigarette And T-vapor Market: By Product Type (E-cigarette and T-Vapor), By Component Type (E-liquids, Atomizers and Batteries), By Distribution Channel (Online Distribution Channel and Retail Distribution Channel) and Geography

 

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Report

Description

The e-cigarette and t-vapor market revenue is accounted for USD 18,945.6 million in 2021 and is poised to grow at a significant CAGR of 10.5% over 2022-2028. E-cigarettes are battery-operated electronic cigarettes that are less hazardous than regular cigarettes. In recent decades, the tobacco business has been transformed by an electronic cigarette, which is often regarded as a safe substitute for traditional cigarettes. Traditional smokers can get a wider variety of flavors and superior vaping items. The rise of the stores is propelling the e-cigarette sector in the future. Electronic smoking devices are sold and advertised on a variety of social media platforms. Manufacturers of vaping devices are promoting and selling the products through specialized in-store hubs in grocery stores, larger retail establishments, and kiosks. Many cigarette businesses are opening their own stores to provide customers with a vaping experience like that seen in nightclubs. Due to the strict rules surrounding the sale and distribution of e-cigarettes, many sellers are choosing online channels as their preferred distribution method over retail stores. Furthermore, over the projected period, manufacturers’ focus on customizing options as well as constant development of new products is expected to fuel market expansion. Furthermore, the devices’ cost-effectiveness has enhanced client adoption.

Recent Market Developments:

In Aug 2021, In Japan, Philip Morris International introduced the new IQOS ILUMA to help accelerate the transition to a smoke-free future. The new IQOS ILUMA is the brand’s first tobacco-heating device to feature induction heating, which eliminates the need for a blade and eliminates the need for cleaning.

E-cigarette And T-vapor Market

MARKET SUMMARY
-
10.5% CAGR
  • Study Period– 2022 – 2028
  • Base Year– 2021
  • CAGR– 10.5%
  • Largest Market– North-America
  • Fastest Growing Market– Asia-Pacific

E-cigarette And T-vapor Market

  • The global E-cigarette and T-vapor market report gives comprehensive outlook on E-cigarette and T-vapor 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 and T-vapor market gives historical, current, and future market sizes (US$ Mn) on the basis of product type, component type, distribution channel and region.
  • Key stakeholders of the global E-cigarette and T-vapor market report include suppliers, manufacturers, marketers, policy makers, and healthcare service providers engaged in global E-cigarette and T-vapor products.
Key Players
  • Altria Inc.
  • Apollo Future Technology Limited
  • British American Tobacco Company
  • Eleaf Electronics Co., Ltd.
  • Flavourtec SP. Z.O.O.
E-cigarette And T-vapor Market

Dynamics

The decades-old technology that allows users to vape for a healthier lifestyle or quit smoking completely is based on a heating mechanism that heats the liquid components that produce vapor, rather than using high temperatures and burning tobacco, which produces thousands of chemicals and has a significant negative impact on human health. The ability to combine e-cigarette systems with a solution that involves replicating the complete process that makes vaporizers operate in the first place is certain to yield amazing insight into how one may develop and update the technology to further reduce potential health hazards. However, stringent government regulations is expected to hamper the market. In August 2019, the US Centers for Disease Control and Prevention (CDC) proclaimed an e-cigarette or vaping product use-associated lung injury (EVALI) outbreak, which resulted in numerous deaths among the young population.


North-America Got Significant Share

E-cigarette And T-vapor Market

The North American e-cigarette and the T-Vapor market has registered the highest revenue share in 2021 and is expected to continue its dominance in the future. The increasing popularity for tobacco-free e-cigarettes and vape mods is expected to attract more revenue over the traditional tobacco products. Many people in the United States see these devices as an alternative to smoking, some people are switching to e-cigarettes and vape mods. Furthermore, the items are available in both non-nicotine and nicotine forms, many people believe that these devices are a superior alternative. The Asia Pacific is expected to be the fastest-growing region in the market. China and India are the major contributors to the growth of the market in the region.

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 and t-vapor market report provides granular level information about the market size, regional market share, historic market (2017-2021) and forecast (2022-2028)
  • The e-cigarette and t-vapor market report covers in-detail insights about the competitor’s overview, company share analysis, key market developments, and their key strategies
  • The e-cigarette and t-vapor market report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
  • The e-cigarette and t-vapor market report tracks recent innovations, key developments, and start-up details that are actively working in the market
  • The e-cigarette and t-vapor market report provides a plethora of information about market entry strategies, regulatory framework, and reimbursement scenario
E-cigarette And T-vapor Market Segmentation


Location

GEOGRAPHY

Frequently Asked Questions

The E-cigarette And T-vapor Market is projected to expand at a CAGR of 10.5% during the forecast period.

Altria Inc., Apollo Future Technology Limited, British American Tobacco Company, Eleaf Electronics Co., Ltd., Flavourtec SP. Z.O.O.

Asia-Pacific is the fastest-growing region for E-cigarette And T-vapor Market


Report

Table Of Content

Table of Content

  1. Executive Summary
  2. Global E-cigarette and T-Vapor Market Introduction
    • Global E-cigarette and T-Vapor Market – Taxonomy
    • Global E-cigarette and T-Vapor Market –Definitions
      • Product Type
      • Component Type
      • Distribution Channel
  1. Global E-cigarette and T-Vapor Market Dynamics
    • Drivers
    • Restraints
    • Opportunities/Unmet Needs of the Market
    • Trends
    • Global E-cigarette and T-Vapor Market Dynamic Factors – Impact Analysis
    • Global E-cigarette and T-Vapor Market – Competition Landscape
  2. Global E-cigarette and T-Vapor Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025
    • Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
    • Year-over-Year (Y-o-Y) Growth Analysis (%)
    • Market Opportunity Analysis
  3. Global E-cigarette and T-Vapor Market, By Product Type, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
    • E-cigarette
      • Disposable Cigarettes
        • Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
        • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
        • Market Opportunity Analysis
      • Rechargeable Cig-a-likes
        • Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
        • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
        • Market Opportunity Analysis
      • Closed Tank Systems
        • Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
        • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
        • Market Opportunity Analysis
      • Open Tank Systems
        • Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
        • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
        • Market Opportunity Analysis
      • T-Vapor
        • Next Generation Products
          • Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
          • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
          • Market Opportunity Analysis
        • Infused Products
          • Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
          • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
          • Market Opportunity Analysis
  1. Global E-cigarette and T-Vapor Market Forecast, By Component Type, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
    • E-liquids
      • Pre-filled E-liquids
        • Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
        • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
        • Market Opportunity Analysis
      • Bottled E-liquids
        • Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
        • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
        • Market Opportunity Analysis
      • Atomizers
        • Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
        • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
        • Market Opportunity Analysis
      • Batteries
        • Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
        • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
        • Market Opportunity Analysis
  1. Global E-cigarette and T-Vapor Market Forecast, By Distribution Channel, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
    • Online Distribution Channel
      • Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Retail Distribution Channel
      • Vape Shops and Tobacco Shops
        • Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
        • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
        • Market Opportunity Analysis
      • Supermarkets and Convenience Stores
        • Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
        • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
        • Market Opportunity Analysis
      • Others
        • Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
        • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
        • Market Opportunity Analysis
      • Global E-cigarette and T-Vapor Market – Opportunity Analysis Index, By Product Type, Component Type, Distribution Channel and Region, 2019 – 2025
  1. Global E-cigarette and T-Vapor Market Forecast, By Region, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
    • North America
      • Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Europe
      • Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Asia-Pacific
      • Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Latin America
      • Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Middle East and Africa
      • Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Global E-cigarette and T-Vapor Market – Opportunity Analysis Index, By Product Type, Component Type, Distribution Channel and Region, 2019 – 2025
  2. North America E-cigarette and T-Vapor Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
    • Product Type Analysis 2014 – 2018 and Forecast 2019 – 2025 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
      • E-cigarette
        • Disposable Cigarettes
        • Rechargeable Cig-a-likes
        • Closed Tank Systems
        • Open Tank Systems
      • T-Vapor
        • Next Generation Products
        • Infused Products
      • Component Type Analysis 2014 – 2018 and Forecast 2019 – 2025 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
        • E-liquids
      • Pre-filled E-liquids
        • Bottled E-liquids
      • Atomizers
      • Batteries
    • Distribution Channel Analysis 2014 – 2018 and Forecast 2019 – 2025 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Online Distribution Channel
      • Retail Distribution Channel
        • Vape Shops and Tobacco Shops
        • Supermarkets and Convenience Stores
        • Others
      • Country Analysis 2014 – 2018 and Forecast 2019 – 2025 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
        • US.
        • Canada
      • North America E-cigarette and T-Vapor Market – Opportunity Analysis Index, By Product Type, Component Type, Distribution Channel and Country, 2019 – 2025
      • North America E-cigarette and T-Vapor Market Dynamics – Trends
  1. Europe E-cigarette and T-Vapor Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
    • Product Type Analysis 2014 – 2018 and Forecast 2019 – 2025 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
      • E-cigarette
        • Disposable Cigarettes
        • Rechargeable Cig-a-likes
        • Closed Tank Systems
        • Open Tank Systems
      • T-Vapor
        • Next Generation Products
        • Infused Products
      • Component Type Analysis 2014 – 2018 and Forecast 2019 – 2025 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
        • E-liquids
          • Pre-filled E-liquids
          • Bottled E-liquids
        • Atomizers
        • Batteries
      • Distribution Channel Analysis 2014 – 2018 and Forecast 2019 – 2025 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
        • Online Distribution Channel
        • Retail Distribution Channel
          • Vape Shops and Tobacco Shops
          • Supermarkets and Convenience Stores
        • Others
      • Country Analysis 2014 – 2018 and Forecast 2019 – 2025 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
        • Germany
        • UK
        • France
        • Spain
        • Italy
        • Russia
        • Poland
        • Rest of Europe
      • Europe E-cigarette and T-Vapor Market – Opportunity Analysis Index, By Product Type, Component Type, Distribution Channel and Country, 2019 – 2025
      • Europe E-cigarette and T-Vapor Market Dynamics – Trends
  1. Asia-Pacific E-cigarette and T-Vapor Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
    • Product Type Analysis 2014 – 2018 and Forecast 2019 – 2025 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
      • E-cigarette
        • Disposable Cigarettes
        • Rechargeable Cig-a-likes
        • Closed Tank Systems
        • Open Tank Systems
      • T-Vapor
        • Next Generation Products
        • Infused Products
      • Component Type Analysis 2014 – 2018 and Forecast 2019 – 2025 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
        • E-liquids
          • Pre-filled E-liquids
          • Bottled E-liquids
        • Atomizers
        • Batteries
      • Distribution Channel Analysis 2014 – 2018 and Forecast 2019 – 2025 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
        • Online Distribution Channel
        • Retail Distribution Channel
          • Vape Shops and Tobacco Shops
          • Supermarkets and Convenience Stores
        • Others
      • Country Analysis 2014 – 2018 and Forecast 2019 – 2025 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
        • Japan
        • China
        • India
        • ASEAN
        • Australia & New Zealand
        • Rest of Asia-Pacific
      • Asia-Pacific E-cigarette and T-Vapor Market – Opportunity Analysis Index, By Product Type, Component Type, Distribution Channel and Country, 2019 – 2025
      • Asia-Pacific E-cigarette and T-Vapor Market Dynamics – Trends
  1. Latin America E-cigarette and T-Vapor Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
    • Product Type Analysis 2014 – 2018 and Forecast 2019 – 2025 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
      • E-cigarette
        • Disposable Cigarettes
        • Rechargeable Cig-a-likes
        • Closed Tank Systems
        • Open Tank Systems
      • T-Vapor
        • Next Generation Products
        • Infused Products
      • Component Type Analysis 2014 – 2018 and Forecast 2019 – 2025 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
        • E-liquids
          • Pre-filled E-liquids
          • Bottled E-liquids
        • Atomizers
        • Batteries
      • Distribution Channel Analysis 2014 – 2018 and Forecast 2019 – 2025 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
        • Online Distribution Channel
        • Retail Distribution Channel
          • Vape Shops and Tobacco Shops
          • Supermarkets and Convenience Stores
        • Others
      • Country Analysis 2014 – 2018 and Forecast 2019 – 2025 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
        • Brazil
        • Mexico
        • Argentina
        • Rest of Latin America
      • Latin America E-cigarette and T-Vapor Market – Opportunity Analysis Index, By Product Type, Component Type, Distribution Channel and Country, 2019 – 2025
      • Latin America E-cigarette and T-Vapor Market Dynamics – Trends
  1. Middle East and Africa E-cigarette and T-Vapor Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
    • Product Type Analysis 2014 – 2018 and Forecast 2019 – 2025 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
      • E-cigarette
        • Disposable Cigarettes
        • Rechargeable Cig-a-likes
        • Closed Tank Systems
        • Open Tank Systems
      • T-Vapor
        • Next Generation Products
        • Infused Products
      • Component Type Analysis 2014 – 2018 and Forecast 2019 – 2025 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
        • E-liquids
          • Pre-filled E-liquids
          • Bottled E-liquids
        • Atomizers
        • Batteries
      • Distribution Channel Analysis 2014 – 2018 and Forecast 2019 – 2025 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
        • Online Distribution Channel
        • Retail Distribution Channel
          • Vape Shops and Tobacco Shops
          • Supermarkets and Convenience Stores
        • Others
      • Country Analysis 2014 – 2018 and Forecast 2019 – 2025 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
        • Gulf Cooperation Council (GCC) Countries
        • Israel
        • South Africa
        • Rest of MEA
      • MEA E-cigarette and T-Vapor Market – Opportunity Analysis Index, By Product Type, Component Type, Distribution Channel and Country, 2019 – 2025
      • MEA E-cigarette and T-Vapor Market Dynamics – Trends
  1. Competition Landscape
    • Strategic Dashboard of Top Market Players
    • Company Profiles (Introduction, Financial Analysis, Component & Component Offerings, Key Developments, Strategies, and SWOT Analysis)
      • Altria Inc.
      • Apollo Future Technology Limited
      • British American Tobacco Company
      • Eleaf Electronics Co., Ltd.
      • Flavourtec SP. Z.O.O.
      • Japan Tobacco Inc.
      • JUUL Labs
      • International Vapor Group
      • Innokin Technology Co.Ltd.
      • Molecule Labs Inc.
      • Nicopure Labs LLC
      • NJOY
      • Philip Morris International, Inc.
      • PAX Labs, Inc.
      • VMR Products, LLC
  1. Research Methodology
  2. Key Assumptions and Acronyms

Report

Company Profile

  • Altria, Inc.
  • Apollo Future Technology Limited
  • British American Tobacco Company
  • Eleaf Electronics Co., Ltd.
  • Flavourtec SP. Z.O.O.
  • Japan Tobacco Inc.
  • JUUL Labs
  • International Vapor Group
  • Innokin Technology Co.Ltd.
  • Molecule Labs Inc.
  • Nicopure Labs LLC
  • NJOY
  • Philip Morris International, Inc.
  • PAX Labs, Inc.
  • VMR Products, LLC

Description

The e-cigarette and t-vapor market revenue is accounted for USD 18,945.6 million in 2021 and is poised to grow at a significant CAGR of 10.5% over 2022-2028. E-cigarettes are battery-operated electronic cigarettes that are less hazardous than regular cigarettes. In recent decades, the tobacco business has been transformed by an electronic cigarette, which is often regarded as a safe substitute for traditional cigarettes. Traditional smokers can get a wider variety of flavors and superior vaping items. The rise of the stores is propelling the e-cigarette sector in the future. Electronic smoking devices are sold and advertised on a variety of social media platforms. Manufacturers of vaping devices are promoting and selling the products through specialized in-store hubs in grocery stores, larger retail establishments, and kiosks. Many cigarette businesses are opening their own stores to provide customers with a vaping experience like that seen in nightclubs. Due to the strict rules surrounding the sale and distribution of e-cigarettes, many sellers are choosing online channels as their preferred distribution method over retail stores. Furthermore, over the projected period, manufacturers’ focus on customizing options as well as constant development of new products is expected to fuel market expansion. Furthermore, the devices’ cost-effectiveness has enhanced client adoption.

Recent Market Developments:

In Aug 2021, In Japan, Philip Morris International introduced the new IQOS ILUMA to help accelerate the transition to a smoke-free future. The new IQOS ILUMA is the brand’s first tobacco-heating device to feature induction heating, which eliminates the need for a blade and eliminates the need for cleaning.

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