The E-Cigarettes Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2011-2022) and extends its insights into a ten-year forecast period (2024-2033).
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According to The Business Research Company’s E-Cigarettes Global Market Report 2024, The e-cigarettes market size has grown rapidly in recent years. It will grow from $25.11 billion in 2023 to $29.1 billion in 2024 at a compound annual growth rate (CAGR) of 15.9%. The growth in the historic period can be attributed to smoking cessation and harm reduction, vaping culture, flavor diversity, reduced secondhand smoke, marketing and advertising.
The e-cigarettes market size is expected to see rapid growth in the next few years. It will grow to $50.98 billion in 2028 at a compound annual growth rate (CAGR) of 15.0%. The growth in the forecast period can be attributed to smoking alternatives, regulatory environment, smoking cessation aid, reduced health risks, flavor innovation. Major trends in the forecast period include flavor preferences, heat-not-burn technology, tobacco and cannabis integration, e-cigarette technology.
Rising awareness of health issues caused by smoking conventional tobacco cigarettes among the smoking population is driving the growth of the e-cigarette market. Conventional tobacco cigarettes release toxic compounds that adversely affect the health of the individual. The e-cigarettes are less toxic and safer compared to conventional tobacco cigarettes. For instance, the British American Tobacco company released the Vype iSwitch and Vype iSwitch Maxx based on Puretech blade technology, which involves using an ultra-slim stainless-steel blade to heat e-liquid and create vapor. The vapor products do not burn tobacco, the vapor contains significantly lower levels of toxicants than the smoke created when burning tobacco. Therefore, e-cigarettes have reduced risk properties compared to traditional cigarettes.
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The e-cigarettes market covered in this report is segmented –
1) By Product Type: Disposable; Rechargeable; Modular
2) By Composition Used: Tobacco; Flavors; Nicotine-free
3) By Distribution Channel: Specialist E-Cig Shops; Online; Supermarkets; Tobacconist; Other Distribution Channels
The e-cigarettes market report table of contents includes:
1. Executive Summary
2. E-Cigarettes Market Characteristics
3. E-Cigarettes Market Trends And Strategies
4. E-Cigarettes Market – Macro Economic Scenario
5. Global E-Cigarettes Market Size and Growth
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31. Global E-Cigarettes Market Competitive Benchmarking
32. Global E-Cigarettes Market Competitive Dashboard
33. Key Mergers And Acquisitions In The E-Cigarettes Market
34. E-Cigarettes Market Future Outlook and Potential Analysis
35. Appendix
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