Global Electronic Cigarette Markets $ 84.43 Billion To 2025: Major Players Are Imperial Brands, BAT, Philip Morris International, Altria, Japan Tobacco and Turning Point Brands – ResearchAndMarkets.com
DUBLIN – (COMMERCIAL THREAD) – The “Global Electronic Cigarette Market (By Segment, Composition, Distribution Channel and Region): Insights and Forecast with Potential Impact of COVID-19 (2021-2025)” has been added to ResearchAndMarkets.com offer.
The global electronic cigarette market is expected to reach US $ 84.43 billion in 2025, growing at a CAGR of 17.65%, over the period 2021-2025.
The growth of the electronic cigarette market has accelerated due to changes in consumer perception of combustible cigarettes, an increase in the labor force, a decrease in cigarette consumption, rising tobacco cigarette prices and peer influence on young people.
The market is expected to witness some trends such as rising income of Generation Z, emergence of flavored electronic cigarettes, growing influence of social media and increasing technological developments of electronic cigarette manufacturers. However, market growth would be challenged by strict regulations, exposure to nicotine in e-cigarettes, and growing concerns about side effects from e-cigarettes and vapor-based products.
The global electronic cigarette market has been categorized on the basis of segment, composition, and distribution channel. Based on the segment, the market can be divided into vape and unburnt heat (HNB) products.
In terms of composition, the global market can be divided into nicotine and non-nicotine. Whereas, on the basis of the distribution channel, the market is divided into tobacco shops, online, vape shops and others such as hypermarket / supermarket.
The fastest growing regional market is the United States due to the growing awareness of safer tobacco alternatives, the continued efforts of anti-smoking organizations to shift tobacco users to alternative forms, to know electronic cigarettes and increased customer acceptance due to the cost effectiveness of these devices.
In addition, the sudden outbreak of COVID-19 is disrupting the global economy by shutting down production and logistics activities, affecting the demand and supply of electronic cigarettes across the world.
The competitive landscape of the market, along with the company profiles of major players (Imperial Brands PLC, British American Tobacco PLC, Philip Morris International Inc., Altria Group, Inc., Japan Tobacco Inc. and Turning Point Brands, Inc.) are also presented in detail.
Main topics covered:
1. Market overview
1.3 Anatomy and mechanism
2. Impact of COVID-19
2.1 Decline in total unit sales of electronic cigarettes
2.2 Reducing the use of electronic cigarettes
2.3 Initiatives by key players
2.4 Impact on regional markets
3. Market analysis
3.1 Global Electronic Cigarette Market Value
3.2 Global Electronic Cigarette Market Value Forecast
3.3 Global Electronic Cigarette Market Value by Segments
3.3.1 Global Vape Market Value
3.3.2 Global Vape Market Value Forecast
3.3.3 Global Vape Market Value by Segments
3.3.4 Global Market Value of Closed Vape Systems
3.3.5 Global Closed Vape Systems Market Value Forecast
3.3.6 Global Open Vape Systems Market Value
3.3.7 Global Open Vape Systems Value Forecast
3.3.8 Global HNB Market Value Forecast
3.4 Global Electronic Cigarette Market by Composition
3.4.1 Global Market Value of Electronic Nicotine Cigarettes
3.4.2 Global Electronic Cigarette Nicotine Market Value Forecast
3.4.3 Global Market Value of Non-Nicotine Electronic Cigarettes
3.4.4 Global Market Value Forecast of Non-Nicotine Electronic Cigarettes
3.5 Global Electronic Cigarette Market Value by Distribution Channel
3.5.1 Market Value of Global Electronic Cigarette Distribution Channel
3.5.2 Market Value Forecast of Global Electronic Cigarette Distribution Channel
3.6 Global Electronic Cigarette Market Penetration by Countries
3.7 Global Electronic Cigarette Market by Region
4. Regional market
4.1 United States
4.1.1 The Market Value of Electronic Cigarettes in the United States
4.1.2 The United States Electronic Cigarette Market Value Forecast
4.1.3 The United States Electronic Cigarette Market by Product
4.1.4 The Market Value of Electronic Cigarette Products in the United States
4.1.5 The Forecast of Market Value of Electronic Cigarette Products in the United States
5. Market dynamics
5.1 Growth drivers
5.1.1 Changing Consumers Perception of Combustible Cigarettes
5.1.2 Growing popularity of electronic cigarettes
5.1.3 Increase in the labor force
5.1.4 Decrease in cigarette consumption
5.1.5 Transition to new generation products
5.1.6 Rising prices for tobacco cigarettes
5.1.7 Peer influence on young people
5.2 Key trends and developments
5.2.1 Rising income for Generation Z
5.2.2 Emergence of flavored electronic cigarettes
5.2.3 Accelerating the Growth of Steam Devices
5.2.4 Growing Influence of Social Media
5.2.5 Increase in technological developments by electronic cigarette manufacturers
5.3.1 Strict regulations
5.3.2 Exposure to nicotine in electronic cigarettes
5.3.3 Growing Concerns About Side Effects of Electronic Cigarettes and Vapor Products
6. Competitive landscape
6.1 Global market
6.1.1 Comparison of the revenues of the main players
6.1.2 Comparison of the market capitalization of the main players
6.1.3 R&D comparison of key players
6.1.4 Global Vape Market Share by Major Players (Brands)
6.1.5 Global Electronic Steam Market Share by Major Players
6.1.6 Global HNB Market Share by Major Players (Brands)
6.2 The American market
6.2.1 United States Electronic Cigarette Market Revenue Share by Major Players (Brands)
6.2.2 United States Electronic Cigarette Market Volume Share by Major Players (Brands)
6.2.3 United States Electronic Steam Market Share by Major Players
6.3 Chinese market
6.3.1 China Vape Market Share by Major Players
6.3.2 China HNB Market Share by Major Players
7. Company profiles
7.1 Company overview
7.2 Financial overview
7.3 Business strategies
Altria Group, Inc.
British American Tobacco PLC
Imperial brands PLC
Japan Tobacco Inc.
Philip Morris International Inc.
Turning Point Brands, Inc.
For more information on this report, visit https://www.researchandmarkets.com/r/wmmtwt