Global Electronic Cigarette and Tobacco Vapor Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Electronic Cigarette and Tobacco Vapor Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Market Overview:

The latest research study on the global Electronic Cigarette and Tobacco Vapor market finds that the global Electronic Cigarette and Tobacco Vapor market reached a value of USD 24816.58 million in 2022. It’s expected that the market will achieve USD 42335.71 million by 2028, exhibiting a CAGR of 9.31% during the forecast period.

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.

Key Companies in the global Electronic Cigarette and Tobacco Vapor market covered in Chapter 3:

British American Tobacco PLC
Altria Group Inc.
Turning Point Brands Kimree
JUUL Labs, Inc.
Imperial Brands plc
NJOY, LLC
Japan Tobacco Inc.
MCIG Inc
Philip Morris International

In Chapter 4 and Chapter 14.2, on the basis of types, the Electronic Cigarette and Tobacco Vapor market from 2018 to 2029 is primarily split into:

Reusable Electronic Cigarettes
Disposable Electronic Cigarettes

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Electronic Cigarette and Tobacco Vapor market from 2018 to 2029 covers:

Online Sales
Offline Sales

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)