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Market Overview of Global Electronic Cigarette and Tobacco Vapor market:
According to our latest research, the global Electronic Cigarette and Tobacco Vapor market looks promising in the next 5 years. As of 2022, the global Electronic Cigarette and Tobacco Vapor market was estimated at USD 24816.58 million, and it's anticipated to reach USD 42335.71 million in 2028, with a CAGR of 9.31% during the forecast years.
Large market
Huge demand from the downstream market especially in developed countries of all ages. At present, the team of e-cigarette players in pursuit of big smoke around the world is rapidly expanding. They use electronic eyes not only to quit smoking for the sake of nicotine, but also for the sake of bigger smoke, which is also encouraged by the holding of various smoke competitions.
Convenience of products
Customers can buy the product whenever they want to. The products can be bought both online and offline, besides , the reusable cigarettes can be charged, making the life of the product longer.
Side effects
Unknown side effects remain to be discovered. The health risks of e-cigarettes are uncertain. They are likely safer than tobacco cigarettes but are of unclear effect in relation to other methods of stopping smoking. Their long-term health effects are not known. They may help some smokers quit. When used by non-smokers, e-cigarettes can lead to nicotine addiction, and there is concern that children could start smoking after using e-cigarettes. So far, no serious adverse effects have been reported in trials. Less serious adverse effects include throat and mouth irritation, vomiting, nausea, and coughing.
Restrictions from government
restrictions from the government to keep the market steady. Countries that have completely banned e-cigarettes include panama, Israel, Brazil, Singapore, Argentina and Greece, while Canada bans the sale of e-cigarettes containing nicotine.
Region Overview:
From 2023-2028, North America is estimated to witness robust growth prospects.
Company Overview:
JUUL Labs is one of the major players operating in the Electronic Cigarette and Tobacco Vapor market, holding a share of 13.73% in 2023.
JUUL Labs
JUUl Labs is an electronic cigarette company which spun off from PAX Labs in 2017. It makes the Juul e-cigarette, which was introduced by PAX Labs in 2015. The Juul is a type of e-cigarette that uses nicotine salts that exist in leaf-based tobacco for its key ingredient.
Altria Group Inc.
Altria Group, Inc. (renamed from Philip Morris Companies Inc. on January 27, 2003) is an American corporation and one of the world's largest producers and marketers of tobacco, cigarettes and related products. It operates worldwide and is headquartered in Henrico County, Virginia, just outside the city of Richmond.
Segmentation Overview:
By type, Reusable Electronic Cigarette segment accounted for the largest share of market in 2022.
Application Overview:
By application, the Offline Sales segment occupied the biggest share from 2018 to 2022.
This report covers a research time span from 2018 to 2028, and presents a deep and comprehensive analysis of the global Electronic Cigarette and Tobacco Vapor market, with a systematical description of the status quo and trends of the whole market, a close look into the competitive landscape of the major players, and a detailed elaboration on segment markets by type, by application and by region.
Key Takeaways from the Global Electronic Cigarette and Tobacco Vapor Market Report:
Market Size Estimates: Electronic Cigarette and Tobacco Vapor market size estimation in terms of value and sales volume from 2018-2028
Market Trends and Dynamics: Electronic Cigarette and Tobacco Vapor market drivers, opportunities, challenges, and risks
Macro-economy and Regional Conflict: Influence of global inflation and Russia & Ukraine War on the Electronic Cigarette and Tobacco Vapor market
Segment Market Analysis: Electronic Cigarette and Tobacco Vapor market value and sales volume by type and by application from 2018-2028
Regional Market Analysis: Electronic Cigarette and Tobacco Vapor market situations and prospects in North America, Asia Pacific, Europe, Latin America, Middle East, Africa
Country-level Studies on the Electronic Cigarette and Tobacco Vapor Market: Revenue and sales volume of major countries in each region
Electronic Cigarette and Tobacco Vapor Market Competitive Landscape and Major Players: Analysis of 10-15 leading market players, sales, price, revenue, gross, gross margin, product profile and application, etc.
Trade Flow: Import and export volume of the Electronic Cigarette and Tobacco Vapor market in major regions.
Electronic Cigarette and Tobacco Vapor Industry Value Chain: Electronic Cigarette and Tobacco Vapor market raw materials & suppliers, manufacturing process, distributors, downstream customers
Electronic Cigarette and Tobacco Vapor Industry News, Policies & Regulations
Key players in the global Electronic Cigarette and Tobacco Vapor market are covered in Chapter 12:
Imperial Brands plc
NJOY, LLC
Philip Morris International
Turning Point Brands Kimree
MCIG Inc
Altria Group Inc.
British American Tobacco PLC
JUUL Labs, Inc.
Japan Tobacco Inc.
In Chapter 2 and Chapter 15.1, based on types, the Electronic Cigarette and Tobacco Vapor market from 2018 to 2028 is primarily split into:
Reusable Electronic Cigarettes
Disposable Electronic Cigarettes
In Chapter 3 and Chapter 15.2, based on applications, the Electronic Cigarette and Tobacco Vapor market from 2018 to 2028 covers:
Online Sales
Offline Sales
Geographically, the detailed analysis of consumption, revenue, market share and growth rate of the following regions are covered in Chapter 7, 8, 9, 10, 11, 15.3, 15.4:
North America (Covered in Chapter 7)
United States
Canada
Asia-Pacific (Covered in Chapter 8)
China
Japan
India
South Korea
Southeast Asia
Australia
Others
Europe (Covered in Chapter 9)
Germany
France
UK
Italy
Spain
Russia
Poland
Others
Latin America (Covered in Chapter 10)
Mexico
Brazil
Argentina
Others
Middle East and Africa (Covered in Chapter 11)
GCC Countries
Africa
Others
The data of this research report is mainly obtained from industry associations, magazines, press releases, national customs, annual reports of enterprises, expert interviews, paid databases and other channels with authority. It also provides scientific forecasts of the industry's core development indicators through professional analysis and forecasting models.
In short, whatever role you take in this industry value chain, this report will help you or your company to acquire a systematic and in-depth understanding of the industry.
Chapter Outline
This report consists of 16 chapters. Below is a brief guideline to help you quickly grasp the main contents of each chapter:
Chapter 1 starts the report with an overview of the Electronic Cigarette and Tobacco Vapor market, as well as the definitions of the target market and the subdivisions. Through the presented global market size, regional market sizes, and segment market shares, you will be able to draw an overall and comprehensive picture of the market situation. Meanwhile, the research method and data source will be shared in this chapter.
Chapter 2 and Chapter 3 breaks down the market by different types and applications, with historic data presented in metrics of sales volume, revenue, market share and growth rate.
Chapter 4 elaborates on market dynamics and future trends in the industry, which contains an in-depth analysis of market drivers, opportunities, challenges, and risks. Other essential factors that will have a major impact on the market, i.e., industry news and policies in recent years, global inflation, and regional conflict, are also taken into consideration.
Chapter 5 compares the sales volume and revenue of the major regions across the globe, which enables the readers to understand the regional competitive pattern.
Chapter 6 is the analysis of the trade flow. Import volume and export volume are revealed on a regional level.
Chapters 7-11 focus on country-level studies. Data from the major countries in each region are provided, showing the current development of the industry in different countries. Besides, you will also find qualitative trends analysis under global inflation under each of the 6 regions.
Chapter 12 first up presents the competitive landscape by displaying and comparing the revenues, sales volumes, and market shares of the top players in the market, followed by a company-by-company analysis of all the major market participants with introductions of their products, product applications, company profiles, and business overview. In addition, their competitiveness is manifested through numbers of sales volume, revenue, price, gross and gross margin.
Chapter 13 looks into the whole market industrial chain, ranging from the upstream key raw materials and their suppliers to midstream distributors and downstream customers, with influences of global inflation taken into consideration.
Chapter 14 is perfect for those who wish to develop new projects in the industry. This chapter sheds a light on industry entry barriers and gives suggestions on new project investments.
Chapter 15 forecasts the future trend of the market from the perspective of different types, applications, and major regions.
Chapter 16 is the conclusion of the report which helps the readers sum up the main findings and insights.
Years considered for this report:
Historical Years: 2018-2022
Base Year: 2022
Estimated Year: 2023
Forecast Period: 2023-2028