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Global E-Cigarettes Market by Type (Disposable, Modular, Rechargeable), Flavor (Beverage, Botanical, Fruit), Distribution Channel - Forecast 2023-2030

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    Report

  • 191 Pages
  • March 2024
  • Region: Global
  • 360iResearch™
  • ID: 4904701
UP TO OFF until Dec 31st 2024
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The E-Cigarettes Market size was estimated at USD 15.04 billion in 2022, USD 16.38 billion in 2023, and is expected to grow at a CAGR of 10.57% to reach USD 33.64 billion by 2030.

E-cigarettes, or electronic cigarettes, are battery-powered devices that heat a liquid which usually contains nicotine and other chemicals) to make an aerosol, commonly referred to as vapor. Users inhale this vapor, which simulates the act of smoking traditional tobacco cigarettes but without the combustion of tobacco. E-cigarettes gained popularity as an alternative to traditional cigarettes and as a smoking cessation tool. They were initially marketed as a potentially less harmful alternative compared to traditional cigarettes, as users inhale vapor rather than smoke, which contains harmful chemicals produced by burning tobacco. The growing awareness about the harmful side effects of traditional tobacco smoking is prompting smokers to shift to e-cigarettes. Innovations in device functionality and nicotine delivery systems attract consumers and fuel market growth. Increasingly stringent government regulations, potential health risks, availability of counterfeit products, and associated high costs could hamper market growth. Moreover, innovations focusing on enhancing the user experience, such as better battery life and customizable flavor options, and the establishment of e-cigarette recycling initiatives create a lucrative market opportunity.

Regional Insights

The Americas has a significant landscape in the e-cigarette market due to the diverse range of e-cigarette brands and products, evolving consumer preferences, and high consumer purchasing power. The regional countries present a more regulated market environment with stringent tobacco laws influencing the e-cigarette domain. Investment and innovation with several startups focusing on technological advancements and product differentiation further fuel the market in the region. The European Union (EU) countries signify a significant market for e-cigarettes, largely driven by health-conscious smokers looking for alternative nicotine delivery systems. Recent trends indicate a shift towards vaping products with lower nicotine concentrations, with manufacturers investing in research to cater to this consumer need. While still at an emerging stage, the Middle East showcases the growth potential, with the younger population increasing and using this alternative method, further driving the region's e-cigarette market. The Asia Pacific region exhibits significant diversity in the e-cigarette market, with prominent consumer markets being the significant manufacturers of e-cigarettes, which plays a pivotal role with its vast production capability and strong domestic consumer base.

FPNV Positioning Matrix

The FPNV Positioning Matrix is pivotal in evaluating the E-Cigarettes Market. It offers a comprehensive assessment of vendors, examining key metrics related to Business Strategy and Product Satisfaction. This in-depth analysis empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Market Share Analysis

The Market Share Analysis is a comprehensive tool that provides an insightful and in-depth examination of the current state of vendors in the E-Cigarettes Market. By meticulously comparing and analyzing vendor contributions in terms of overall revenue, customer base, and other key metrics, we can offer companies a greater understanding of their performance and the challenges they face when competing for market share. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With this expanded level of detail, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Key Company Profiles

The report delves into recent significant developments in the E-Cigarettes Market, highlighting leading vendors and their innovative profiles. These include ALD Group Limited, Altria Group, Inc., British American Tobacco PLC, FIN Branding Group, LLC, GD SIGELEI Electronic Tech Co. Ltd., GEEKVAPE, Imperial Tobacco Group PLC, Innokin Technology Ltd., Intellicig Inc., ITC Limited, J WELL Vaping, Japan Tobacco Inc., Joyetech Group, JUUL Labs, Inc., JWEI Group, MOJOUS, NicQuid, LLC, NJOY Inc., Philip Morris International Inc., PhixVapor, RELX plc, Ritchy Group Ltd., Shenzhen Kanger Technology Co., Ltd., Turning Point Brands, Inc., VIP Electronic Cigarettes, and White Cloud Electronic Cigarettes.

Market Segmentation & Coverage

This research report categorizes the E-Cigarettes Market to forecast the revenues and analyze trends in each of the following sub-markets:

  • Type
    • Disposable
    • Modular
    • Rechargeable
  • Flavor
    • Beverage
    • Botanical
    • Fruit
    • Sweet
    • Tobacco
  • Distribution Channel
    • Offline Mode
    • Online Mode
  • Region
    • Americas
      • Argentina
      • Brazil
      • Canada
      • Mexico
      • United States
        • California
        • Florida
        • Illinois
        • New York
        • Ohio
        • Pennsylvania
        • Texas
    • Asia-Pacific
      • Australia
      • China
      • India
      • Indonesia
      • Japan
      • Malaysia
      • Philippines
      • Singapore
      • South Korea
      • Taiwan
      • Thailand
      • Vietnam
    • Europe, Middle East & Africa
      • Denmark
      • Egypt
      • Finland
      • France
      • Germany
      • Israel
      • Italy
      • Netherlands
      • Nigeria
      • Norway
      • Poland
      • Qatar
      • Russia
      • Saudi Arabia
      • South Africa
      • Spain
      • Sweden
      • Switzerland
      • Turkey
      • United Arab Emirates
      • United Kingdom

The report offers valuable insights on the following aspects

  1. Market Penetration: It presents comprehensive information on the market provided by key players.
  2. Market Development: It delves deep into lucrative emerging markets and analyzes the penetration across mature market segments.
  3. Market Diversification: It provides detailed information on new product launches, untapped geographic regions, recent developments, and investments.
  4. Competitive Assessment & Intelligence: It conducts an exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players.
  5. Product Development & Innovation: It offers intelligent insights on future technologies, R&D activities, and breakthrough product developments.

The report addresses key questions such as

  1. What is the market size and forecast of the E-Cigarettes Market?
  2. Which products, segments, applications, and areas should one consider investing in over the forecast period in the E-Cigarettes Market?
  3. What are the technology trends and regulatory frameworks in the E-Cigarettes Market?
  4. What is the market share of the leading vendors in the E-Cigarettes Market?
  5. Which modes and strategic moves are suitable for entering the E-Cigarettes Market?

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This report also includes a complimentary Excel file with data from the report for purchasers at the Site License or greater level.

Table of Contents

1. Preface
1.1. Objectives of the Study
1.2. Market Segmentation & Coverage
1.3. Years Considered for the Study
1.4. Currency & Pricing
1.5. Language
1.6. Limitations
1.7. Assumptions
1.8. Stakeholders
2. Research Methodology
2.1. Define: Research Objective
2.2. Determine: Research Design
2.3. Prepare: Research Instrument
2.4. Collect: Data Source
2.5. Analyze: Data Interpretation
2.6. Formulate: Data Verification
2.7. Publish: Research Report
2.8. Repeat: Report Update
3. Executive Summary
4. Market Overview
4.1. Introduction
4.2. E-Cigarettes Market, by Region
5. Market Insights
5.1. Market Dynamics
5.1.1. Drivers
5.1.1.1. Replacement of conventional cigarettes with healthier and less chemical vaping technology
5.1.1.2. Expanding interest for smokeless and ashless vaping
5.1.1.3. Surge in the quantity of vape shops and assigned stores
5.1.2. Restraints
5.1.2.1. Vulnerability to liquid leaks and high costs of e-cigarettes
5.1.3. Opportunities
5.1.3.1. Ongoing shift toward tobacco alternatives
5.1.3.2. Innovations and new product development in e-cigarettes
5.1.4. Challenges
5.1.4.1. Health risk associated with e-cigarettes
5.2. Market Segmentation Analysis
5.2.1. Type: High adoption of disposable e-cigarettes providing ease of convenience
5.2.2. Flavor: Increasing consumer preference for Fruit flavored e-cigarette
5.2.3. Distribution Channel: Significant utilization of online distribution channel owing to the easy availability of e-cigarettes
5.3. Market Trend Analysis
5.4. Cumulative Impact of COVID-19
5.5. Cumulative Impact of Russia-Ukraine Conflict
5.6. Cumulative Impact of High Inflation
5.7. Porter’s Five Forces Analysis
5.7.1. Threat of New Entrants
5.7.2. Threat of Substitutes
5.7.3. Bargaining Power of Customers
5.7.4. Bargaining Power of Suppliers
5.7.5. Industry Rivalry
5.8. Value Chain & Critical Path Analysis
5.9. Regulatory Framework
5.10. Client Customization
6. E-Cigarettes Market, by Type
6.1. Introduction
6.2. Disposable
6.3. Modular
6.4. Rechargeable
7. E-Cigarettes Market, by Flavor
7.1. Introduction
7.2. Beverage
7.3. Botanical
7.4. Fruit
7.5. Sweet
7.6. Tobacco
8. E-Cigarettes Market, by Distribution Channel
8.1. Introduction
8.2. Offline Mode
8.3. Online Mode
9. Americas E-Cigarettes Market
9.1. Introduction
9.2. Argentina
9.3. Brazil
9.4. Canada
9.5. Mexico
9.6. United States
10. Asia-Pacific E-Cigarettes Market
10.1. Introduction
10.2. Australia
10.3. China
10.4. India
10.5. Indonesia
10.6. Japan
10.7. Malaysia
10.8. Philippines
10.9. Singapore
10.10. South Korea
10.11. Taiwan
10.12. Thailand
10.13. Vietnam
11. Europe, Middle East & Africa E-Cigarettes Market
11.1. Introduction
11.2. Denmark
11.3. Egypt
11.4. Finland
11.5. France
11.6. Germany
11.7. Israel
11.8. Italy
11.9. Netherlands
11.10. Nigeria
11.11. Norway
11.12. Poland
11.13. Qatar
11.14. Russia
11.15. Saudi Arabia
11.16. South Africa
11.17. Spain
11.18. Sweden
11.19. Switzerland
11.20. Turkey
11.21. United Arab Emirates
11.22. United Kingdom
12. Competitive Landscape
12.1. FPNV Positioning Matrix
12.2. Market Share Analysis, By Key Player
12.3. Competitive Scenario Analysis, By Key Player
12.3.1. Merger & Acquisition
12.3.1.1. Altria Announces Definitive Agreement to Acquire NJOY Holdings, Inc.
12.3.2. Agreement, Collaboration, & Partnership
12.3.2.1. EVOL by Future x Dompen Unveil Exquisite New Vape Collaboration Inspired By The Superstar
12.3.2.2. Philip Morris Making Deals with Australian Pharmacies to Supply Below-Cost Vaping Products
13. Competitive Portfolio
13.1. Key Company Profiles
13.1.1. ALD Group Limited
13.1.2. Altria Group, Inc.
13.1.3. British American Tobacco PLC
13.1.4. FIN Branding Group, LLC
13.1.5. GD SIGELEI Electronic Tech Co. Ltd.
13.1.6. GEEKVAPE
13.1.7. Imperial Tobacco Group PLC
13.1.8. Innokin Technology Ltd.
13.1.9. Intellicig Inc.
13.1.10. ITC Limited
13.1.11. J WELL Vaping
13.1.12. Japan Tobacco Inc.
13.1.13. Joyetech Group
13.1.14. JUUL Labs, Inc.
13.1.15. JWEI Group
13.1.16. MOJOUS
13.1.17. NicQuid, LLC
13.1.18. NJOY Inc.
13.1.19. Philip Morris International Inc.
13.1.20. PhixVapor
13.1.21. RELX plc
13.1.22. Ritchy Group Ltd.
13.1.23. Shenzhen Kanger Technology Co., Ltd.
13.1.24. Turning Point Brands, Inc.
13.1.25. VIP Electronic Cigarettes
13.1.26. White Cloud Electronic Cigarettes
13.2. Key Product Portfolio
14. Appendix
14.1. Discussion Guide
14.2. License & Pricing
List of Figures
FIGURE 1. E-CIGARETTES MARKET RESEARCH PROCESS
FIGURE 2. E-CIGARETTES MARKET SIZE, 2022 VS 2030
FIGURE 3. E-CIGARETTES MARKET SIZE, 2018-2030 (USD MILLION)
FIGURE 4. E-CIGARETTES MARKET SIZE, BY REGION, 2022 VS 2030 (%)
FIGURE 5. E-CIGARETTES MARKET SIZE, BY REGION, 2022 VS 2023 VS 2030 (USD MILLION)
FIGURE 6. E-CIGARETTES MARKET DYNAMICS
FIGURE 7. E-CIGARETTES MARKET SIZE, BY TYPE, 2022 VS 2030 (%)
FIGURE 8. E-CIGARETTES MARKET SIZE, BY TYPE, 2022 VS 2023 VS 2030 (USD MILLION)
FIGURE 9. E-CIGARETTES MARKET SIZE, BY FLAVOR, 2022 VS 2030 (%)
FIGURE 10. E-CIGARETTES MARKET SIZE, BY FLAVOR, 2022 VS 2023 VS 2030 (USD MILLION)
FIGURE 11. E-CIGARETTES MARKET SIZE, BY DISTRIBUTION CHANNEL, 2022 VS 2030 (%)
FIGURE 12. E-CIGARETTES MARKET SIZE, BY DISTRIBUTION CHANNEL, 2022 VS 2023 VS 2030 (USD MILLION)
FIGURE 13. AMERICAS E-CIGARETTES MARKET SIZE, BY COUNTRY, 2022 VS 2030 (%)
FIGURE 14. AMERICAS E-CIGARETTES MARKET SIZE, BY COUNTRY, 2022 VS 2023 VS 2030 (USD MILLION)
FIGURE 15. UNITED STATES E-CIGARETTES MARKET SIZE, BY STATE, 2022 VS 2030 (%)
FIGURE 16. UNITED STATES E-CIGARETTES MARKET SIZE, BY STATE, 2022 VS 2023 VS 2030 (USD MILLION)
FIGURE 17. ASIA-PACIFIC E-CIGARETTES MARKET SIZE, BY COUNTRY, 2022 VS 2030 (%)
FIGURE 18. ASIA-PACIFIC E-CIGARETTES MARKET SIZE, BY COUNTRY, 2022 VS 2023 VS 2030 (USD MILLION)
FIGURE 19. EUROPE, MIDDLE EAST & AFRICA E-CIGARETTES MARKET SIZE, BY COUNTRY, 2022 VS 2030 (%)
FIGURE 20. EUROPE, MIDDLE EAST & AFRICA E-CIGARETTES MARKET SIZE, BY COUNTRY, 2022 VS 2023 VS 2030 (USD MILLION)
FIGURE 21. E-CIGARETTES MARKET, FPNV POSITIONING MATRIX, 2022
FIGURE 22. E-CIGARETTES MARKET SHARE, BY KEY PLAYER, 2022

Companies Mentioned

  • ALD Group Limited
  • Altria Group, Inc.
  • British American Tobacco PLC
  • FIN Branding Group, LLC
  • GD SIGELEI Electronic Tech Co. Ltd.
  • GEEKVAPE
  • Imperial Tobacco Group PLC
  • Innokin Technology Ltd.
  • Intellicig Inc.
  • ITC Limited
  • J WELL Vaping
  • Japan Tobacco Inc.
  • Joyetech Group
  • JUUL Labs, Inc.
  • JWEI Group
  • MOJOUS
  • NicQuid, LLC
  • NJOY Inc.
  • Philip Morris International Inc.
  • PhixVapor
  • RELX plc
  • Ritchy Group Ltd.
  • Shenzhen Kanger Technology Co., Ltd.
  • Turning Point Brands, Inc.
  • VIP Electronic Cigarettes
  • White Cloud Electronic Cigarettes

Methodology

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Table Information