According to the latest report of the IMARC group, entitled “Electronic Cigarette Market: Global Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2021-2026,“the Global electronic cigarette market reaches a value of US $ 17 billion in 2020. For the future, the IMARC Group expects the market to develop at a CAGR of 15.2% in 2021-2026.
An e-cigarette is a battery operated electronic nicotine delivery system (ENDS). It includes mouthpiece, atomizer, liquid cartridge, glycerin, propylene glycol and heating coil to produce a gentle vapor when inhaling. These substances can be formulated with different levels of nicotine according to the preferences of the consumer. Electronic cigarettes do not burn tobacco and carcinogens that generate carbon monoxide (CO) and tar. Therefore, they are considered a safer substitute for conventional cigarettes.
As the novel coronavirus (COVID-19) crisis sweeps the world, we are continually monitoring changes in markets, as well as consumer buying behaviors around the world – our estimates on the latest market trends and values. forecasts after examining the impact of this pandemic.
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Global Electronic Cigarette Market Trends:
The growing awareness of the adverse effects of prolonged consumption of traditional tobacco products is the main driver for the growth of the global electronic cigarette market. In addition, the growing use of electronic cigarettes by young people is driving the growth of the market even further. Ongoing product innovations, such as the introduction of new flavors in e-liquids and vapors, act as a growth factor. Apart from this, the increasing number of smokers and the continuous launching of awareness campaigns by the governments of various countries to curb tobacco consumption create positive prospects for the market.
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Global Electronic Cigarette Market Analysis and Segmentation 2021-2026:
Competitive landscape with Key Player:
- Philip Morris International Inc.
- Altria Group
- British American Tobacco plc
- Japan Tobacco Inc.
- Imperial brands PLC
- International Steam Group
- Nicotek, LLC
- NJOY, LLC
- Reynolds American Inc
- VMR LLC Products
- MCIG Inc.
- ITC Limited
- J Well France
Market breakdown by product:
- Modular e-cigarette
- Rechargeable e-cigarette
- New generation electronic cigarette
- Disposable e-cigarette
Market breakdown by flavor:
- the tobacco
Market breakdown by operating mode:
- Automatic e-cigarette
- Manual e-cigarette
Market breakdown by distribution channel:
- Shops specializing in electronic cigarettes
- In line
- Supermarkets and hypermarkets
Market breakdown by region:
- Asia Pacific
- Latin America
- Middle East and Africa.
Highlights of the report:
- Market performance (2015-2020)
- Market Outlook (2021-2026)
- Porter’s Five Forces Analysis
- Market drivers and success factors
- SWOT analysis
- Value chain
- Complete mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as part of the customization.
The IMARC group is a leading market research company providing management strategies and market research worldwide. We partner with clients across industries and regions to identify their most exciting opportunities, address their most critical challenges and transform their businesses.
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