The e-cigarette market size exceeded $8 billion worldwide in 2019 and is expected to grow at a CAGR of around 2% between 2021 and 2027. Increasing government initiatives to implement indoor smoking bans, health risk awareness campaigns, and ban taxes to curb tobacco use Globally I am likely to drive industry growth.
Technological advances and increasing innovation in new products are driving the growth of the e-cigarette market. Evolution encourages tobacco users to switch to vaporization, helping the market to grow significantly. In addition, changing consumer preferences, an increasing number of vape stores, and the availability of these devices in a variety of flavors and shapes are driving further market demand.
A full report of Electronic Cigarette Market available at https://www.orionmarketreports.com/electronic-cigarette-market/37219/
Electronic Cigarette Market: Segmentation
By Product Type
• Disposable
• Rechargeable
• Modular
By Flavor
• Tobacco
• Botanical
• Fruit
• Sweet
• Beverage
• Others
By Distribution Channel
• Specialist E-cig Shops
• Online
• Supermarkets
• Tobacconist
• Others
Major Players
• Philip Morris International
• Healthier Choices Management Corp (Ruthless Vapor Corp)
• MCIG Inc.
• Altria Group Inc.
(This release has been published on OMR Industry Journal. OMR Industry Journal is not responsible for any content included in this release.)
