The global e-cigarettes market is expected to grow from $18.15 billion in 2021 to $21.63 billion in 2022 at a compound annual growth rate (CAGR) of 19.2%. The growth in the market is mainly due to the companies resuming their operations and adapting to the new normal while recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The e-cigarette market is expected to reach $38.53 billion in 2026 at a CAGR of 15.5%.
What is the Global E-Cigarettes Market?
The e-cigarettes market consists of sales of e-cigarettes. An E-cigarette is a handheld battery-operated electronic device that contains a solution of nicotine, glycerin, and flavorings which turns into a mist that can be inhaled by the user. These are available in various flavors such as mint, menthol, and chocolate.
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What drives the Global E-Cigarettes Market?
Rising awareness of health issues caused by smoking conventional tobacco cigarettes among the smoking population is driving the growth of the e-cigarettes 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 in the smoke created when burning tobacco. Therefore, e-cigarettes have reduced risk properties compared to traditional cigarettes.
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Global E-Cigarettes Market Segments
The global e-cigarettes market is segmented:
By Product Type: Disposable, Rechargeable, Modular
By Composition Used: Tobacco, Flavors, Nicotine-Free
By Distribution Channel: Specialist E-Cig Shops, Online, Supermarkets, Tobacconist, Others
By Geography: The regions covered in the e-cigarettes market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
E-Cigarettes Global Market Report 2022 provides market size and growth forecasts for the global e-cigarettes market, global e-cigarettes market share, e-cigarettes market segments and geographies, e-cigarettes market competitive landscape including leading competitors’ revenues, profiles and market shares. The e-cigarettes market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
Global E-Cigarettes Industry Players include Philip Morris International, MCIG Inc, Altria Group Inc, British American Tobacco plc, Japan Tobacco Inc, Imperial Tobacco Group, Njoy Inc, International Vapor Group, Reynolds American Inc, and VMR Product. Based on industry trends and company analysis, the report explains a number of strategies for companies in the market.
