The global e-cigarette market is anticipated to grow at a significant CAGR of 17.3% during the forecast period. One of the prominent factors that are fueling the market growth is the fact that e-cigarettes are less harmful than regular cigarettes. E-cigarette aerosol usually has fewer toxic chemicals than the deadly mix of 7,000 chemicals from the smoke of regular cigarettes. This factor has changed a lot of the image of the cigarette as being a harmless habit even though it is still harmful to some extent. This rebranded image is also supported by some organizations, and governments just to diminish the demand for regular harmful cigarettes from society. For instance, in October 2021, the US Food and Drug Administration (FDA) authorized the marketing of the first set of e-nicotine delivery system (ENDS) goods ever to be sanctioned by the FDA through the Premarket Tobacco Product Application (PMTA) pathway.
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The COVID-19 pandemic had impacted most industries across the globe owing to the nationwide restrictions to stop the spread of the virus which has reduced the production of most the goods. The e-cigarette market was also got affected as the supply chain of products was restricted. Furthermore, the market got highly affected by the fact that smokers are more likely to be infected with COVID-19 than non-smokers since smoking and COVID-19, affect the lungs which weakens the chances of the body to fight COVID-19. This has impacted a lot on the demand for the e-cigarette as some smokers avoided it for some time, some just reduced their use, and some quit it for life. However, as the situation normalized the market has faced significant growth in the market.
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- Market Coverage
- Market number available for – 2022-2028
- Base year- 2021
- Forecast period- 2022-2028
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill Inc., and others
Market Segmentation
Global E-Cigarette Market by Type
- Disposable
- Rechargeable
- Modular
Global E-Cigarette Market by Mode
- Automatic
- Manual
Global E-Cigarette Market by Distribution Channel
- Online
- Offline
Regional Analysis
- North America
- US
- Canada
- Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
- Rest of the World
Company Profiles
- Healthier Choices Management Corp.
- Innokin Technology Ltd.
- JWei Intelligent Technology Co., Ltd
- Jwell France
- NicQuid, LLC
- NJOY, LLC
- Reynolds American Inc. (RAI)
- Ritchy Group Ltd.
- Turning Point Brands, LLC
The Report Covers
- Market value data analysis of 2021 and forecast to 2028.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global e-cigarette market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
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