Mar 17, 2020 (AmericaNewsHour) --
Global E-Cigarette Market was valued at USD 10.5 Billion in the year 2017. The Global E-Cigarette Market is further estimated to grow at a CAGR of 16.9% from 2019 to reach USD 36.19 Billion by the year 2025. The e-cigarette is a device which allows the user to inhale nicotine without burning or producing smoke. E-cigarette works by heating and creating vapor from the solution which may or may not contain nicotine. Over recent years, the e-cigarette has become very popular stop smoking aid around the world.
North America region holds the highest Market share in 2017 and Asia-Pacific Market is considered as the fastest growing Market in the forecasted period due strongly growing awareness and benefits associated with the use of the e-cigarette. At a country level, the U.S in North America whereas South Korea and China in Asia-Pacific is projected to grow strongly in the coming years.
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Major market players in the E-Cigarette Market are British American Tobacco, Imperial Brands
Altria Group, Japan Tobacco, International Vapor Group, Njoy Inc., Philip Morris International Inc., VMR Flavours Llc, Reynolds American Inc., Logic, Lorillard, Vapor Hub, and brief overview of 11 companies is also provided in the report. The top three company holds around 60% of the global Market share with British American Tobacco being a Market leader. Rising research and development expenses to satisfy the changing demands of end users, new product launches and organic growth strategies were few techniques adopted by various manufacturers in last 5 years.
SWOT Analysis E-Cigarette Market:
The e-cigarette does not produce tar and carbon monoxide
Can use in public location and do not produce second-hand smoke.
Side effects associated with E-cigarette
The stringent regulatory framework on E-cigarette
Developing distribution in emerging Market
Available alternative technology
The segmentation is done on the basis of product type, by Flavor, by Distribution Channel, and by region. On the basis of product types, the global E-Cigarette Market is sub-segmented as rechargeable, disposable and modular of which the modular segment is expected to hold the highest CAGR during the forecast period.
E-Cigarette Market Segmentation:
By Distribution Channel
*Specialist E-Cig Shops
*Rest of Europe
*Rest of Asia-Pacific
*Middle East & Africa
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The E-Cigarette Market report highlight the economy, past and emerging trend of industry, and availability of basic resources. Furthermore, the market report explains development trend, analysis of upstream raw materials, downstream demand, and current market dynamics is also carried out. In the end, the report makes some important proposals for a new project of E-Cigarette Market before evaluating its possibility.
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