UK E-Cigarette Market Size Expected to Grow by $1.20 Billion | The safety of electronic cigarettes compared to other tobacco products as a key factor

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NEW YORK, July 1, 2022 /PRNewswire/ — According to the report “UK E-Cigarette Market by Product and Delivery Channel – Forecast and Analysis 2021-2025”, the market grew at a CAGR of 12.20% in 2021 and will experience a CAGR of 13% over the forecast period. The market is segmented by product (modular e-cigarettes, rechargeable e-cigarettes, and disposable e-cigarettes) and distribution channel (offline and online).

Technavio has announced its latest market research report titled UK Electronic Cigarette Market by Product and Distribution Channel – Forecast and Analysis 2021-2025

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Supplier Information and Range

The electronic cigarette market in the UK is fragmented and the vendors are deploying growth strategies such as product launches and business expansions to compete in the market. The report analyzes the competitive landscape of the market and offers information about several vendors in the market including British American Tobacco Plc, Imperial Brands Plc, Innokin Technology Ltd., J WELL France Sarl, Japan Tobacco Inc., JUUL Labs Inc., Pax Labs Inc., Philip Morris International Inc., Shenzhen IVPS Technology Co. Ltd. and Shenzhen Kanger Technology Co. Ltd., among others.

The report also covers the following areas:

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offerings.
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Analysis of key segments

The modular electronic cigarettes The segment will witness significant growth in its market share over the forecast period. There is a high demand for these cigarettes due to their wide penetration in different markets, and this demand is expected to increase over the forecast period. The profitability of e-cigarettes will drive the growth of the segment over the forecast period.

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segments and their impact in the coming years.

Key Market Drivers and Challenges:

The the safety of electronic cigarettes compared to other tobacco products is driving the growth of the electronic cigarette market in the UK. Electronic cigarettes deliver nicotine without burning tobacco. Therefore, they are considered less toxic and are safer alternatives to conventional cigarettes. Smokers in the UK are turning to e-cigarettes to reduce the effects of smoking. Additionally, several players are focusing on reducing the nicotine content of their products.

The presence of substitute products will challenge the electronic cigarette market in UK over the forecast period. Some examples of these substitutes include cigarettes, nicotine patches, nicotine snus, nasal sprays, inhalers, chewing tobacco, and lozenges. Many people try to quit smoking by trying other nicotine products. This will increase the demand for alternative nicotine products and in turn will negatively influence the growth of the market over the forecast period.

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market.

Highlights

  • Market CAGR over the forecast period 2021-2025

  • In-depth information on factors that will contribute to the growth of the UK electronic cigarette market over the next five years

  • Estimated UK e-cigarette market size and contribution to the parent market

  • Predictions on upcoming trends and changes in consumer behavior

  • The growth of the e-cigarette market in the UK

  • Market Competitive Landscape Analysis and Detailed Vendor Information

  • Comprehensive details of the factors that will challenge the growth of the UK E-Cigarettes Market vendors

Related reports:

Electronic Cigarette Market by Product and Geography – Forecast and Analysis 2022-2026

Nicotine Gum Market by Product and Geography – Forecast and Analysis 2021-2025

UK e-cigarette market scope

Report cover

Details

Page number

120

Year of reference

2020

Forecast period

2021-2025

Growth momentum and CAGR

Accelerate at a CAGR of 13%

Market Growth 2021-2025

$1.20 billion

Market structure

Fragmented

Annual growth (%)

12:20 p.m.

Regional analysis

UK

Competitive landscape

Leading Companies, Competitive Strategies, Consumer Engagement Reach

Profiled Key Companies

British American Tobacco Plc, Imperial Brands Plc, Innokin Technology Ltd., J WELL France Sarl, Japan Tobacco Inc., JUUL Labs Inc., Pax Labs Inc., Philip Morris International Inc., Shenzhen IVPS Technology Co. Ltd. and Shenzhen Kanger Technology Co. Ltd.

Market dynamics

Parent Market Analysis, Market Growth Drivers and Barriers, Fast and Slow Growing Segment Analysis, COVID 19 Impact and Recovery Analysis and Future Consumer Dynamics, Market Status Analysis for the forecast period

Personalization area

If our report does not include the data you are looking for, you can contact our analysts and customize the segments.

Contents

Summary

Market landscape

  • Market ecosystem

  • Market characteristics

  • Value chain analysis

Market sizing

Five forces analysis

Market segmentation by product

  • Market segments

  • Comparison by product

  • Modular electronic cigarettes – Market size and forecast 2020-2025

  • Rechargeable electronic cigarettes – Market size and forecast 2020-2025

  • Disposable electronic cigarettes – Market size and forecast 2020-2025

  • Market opportunity by product

Market segmentation by distribution channel

  • Market segments

  • Comparison by distribution channel

  • Offline – Market size and forecast 2020-2025

  • Online – Market size and forecast 2020-2025

  • Market opportunity by distribution channel

Customer landscape

  • Insight

  • Market factors

  • Market challenges

  • Market trends

Supplier Landscape

  • Competitive scenario

  • Supplier Landscape

  • Landscape disturbance

Vendor analysis

  • Suppliers Covered

  • Positioning on the supplier market

  • British American Tobacco Plc

  • Imperial Marks Plc

  • Innokin Technology Ltd.

  • J WELL France Sarl

  • Japan Tobacco Inc.

  • JUUL Labs Inc.

  • Pax Labs Inc.

  • Philip Morris International Inc.

  • Shenzhen IVPS Technology Co.Ltd.

  • Shenzhen Kanger Technology Co.Ltd.

Annex

About Us:

Technavio is a global leader in technology research and consulting. Their research and analysis focuses on emerging market trends and provides actionable insights to help companies identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialist analysts, Technavio’s reporting library consists of over 17,000 reports and counts, spanning 800 technologies, spanning 50 countries. Their customer base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing customer base relies on Technavio’s comprehensive coverage, in-depth research, and actionable market intelligence to identify opportunities in existing markets and potentials and assess their competitive positions in changing market scenarios.

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Technavio (PRNewsfoto/Technavio)

Technavio (PRNewsfoto/Technavio)

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