Philippines E-cigarette and Vape Market Size- By Product, By Category, By Distribution Channel- Regional Outlook, Competitive Strategies and Segment Forecast to 2033
Philippines E-cigarette and Vape Market Introduction and Overview
According to SPER market research, ‘Philippines E-cigarette and Vape Market Size- By Product, By Category, By Distribution channel – Regional Outlook, Competitive Strategies and Segment Forecast to 2033’ state that the Philippines E-cigarette and Vape Market is predicted to reach USD 639.35 Million by 2033 with a CAGR of 18.89%.
Electronic cigarettes, or e-cigarettes for short, are battery-operated devices that heat a liquid that contains nicotine, flavorings, and other substances to produce an aerosol, also known as a vapor. To simulate smoking real cigarettes, users inhale this mist. Vaping, on the other hand, is the process of inhaling vapor from an electronic cigarette or other similar device. The phrase “vaping” refers to the usage of various vaporizers, such as those for herbs or cannabis.
The COVID-19 pandemic has had a variety of effects on the vape and e-cigarette sectors in the Philippines. Examples of non-essential products whose demand may decrease as a result of the economic crisis brought on by lockdowns and restrictions on consumer spending are vaping equipment and e-liquids. The distribution of vaping products has also been impacted by supply chain disruptions and logistical issues, which have an effect on market dynamics.
Scope of the Report:Report Metric Details
Market size available for years 2020-2033
Base year considered 2023
Forecast period 2024-2033
Segments covered By Product, By Category, By Distribution channel
Regions covered Eastern Region, Western Region, Southern Region, Northern Region
Companies CoveredAltria Group Inc.; British American Tobacco plc; Geekvape; Imperial Brands plc; Japan Tobacco Inc.; Juul Labs, Inc.; Philip Morris International Inc.; RELX International Enterprise HK Limited; Shenzhen Nevoks Technology Co., Ltd (Nevoks); Voopoo
Philippines E-cigarette and Vape Market Segmentation:By Product:Based on the Product, Philippines E-cigarette and Vape Market is segmented as; Disposable, Rechargeable, Modular Devices.
By Category:Based on the Category, Philippines E-cigarette and Vape Market is segmented as; Category (Open Vaping Systems, Closed Vaping Systems.
By Distribution Channel:Based on the Distribution Channel, Philippines E-cigarette and Vape Market is segmented as; Online, Retail.