April 3, 2020, 3:56 a.m. EDT

E-Cigarette Market Report: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025

new
Watchlist Relevance
LEARN MORE

Want to see how this story relates to your watchlist?

Just add items to create a watchlist now:

  • X
    Philip Morris International Inc. (PM)
  • X
    Altria Group Inc. (MO)
  • X
    British American Tobacco PLC ADR (BTI)

or Cancel Already have a watchlist? Log In

Apr 03, 2020 (SUPER MARKET RESEARCH via COMTEX) -- According to the latest report by IMARC Group, titled "E-Cigarette Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025," the global e-cigarette market size reached US$ 13 Billion in 2019. E-cigarettes, also known as e-cigs, e-vaping devices and vape pens, are battery-powered devices that are widely used as major substitutes for regular cigarettes, cigars and pipes. A liquid containing a mixture of nicotine, glycerin, propylene glycol, flavorings and chemicals is usually heated to produce an aerosol that is inhaled and exhaled by the user. This mist produced by these cigarettes is inhaled deep into the lungs of the users, which mimics the feeling of smoking. Comprising of a battery, e-liquid cartridge and a heating coil, e-cigarettes do not contain tobacco or other toxins and carcinogens or generate tar and carbon monoxide that are the leading causes of lung diseases and cancer among cigarette smokers. Consequently, e-cigarettes are considered to be a safer alternative to conventional cigarettes.

Request for a free sample copy of this report: https://www.imarcgroup.com/e-cigarette-market/requestsample

List of Top Manufacturers in Global E-Cigarette Industry:

  1. Philip Morris International Inc. /zigman2/quotes/201611010/composite PM -0.20%

  2. Altria Group Inc /zigman2/quotes/208895754/composite MO +0.62%

  3. British American Tobacco PLC /zigman2/quotes/210207837/composite BTI -0.91%

  4. Japan Tobacco Inc.

  5. Imperial Brands PLC

  6. International Vapor Group

  7. Nicotek, LLC

  8. NJOY, LLC

  9. Reynolds American Inc. /zigman2/quotes/206376661/delayed UK:RAI +1.20%

  10. VMR Products LLC

  11. MCIG Inc.

  12. ITC Limited

  13. J Well France

Global E-Cigarette Market Trends:

The market is primarily driven by the growing number of smokers across the globe. However, there is a rising consciousness among smokers regarding the adverse effects associated with the usage of regular cigarettes, which has led them to shift to e-cigarettes as a safer alternative. Growing willingness among the masses to quit smoking tobacco products has consequently contributed to the bourgeoning sales of e-cigarettes. Product innovations, such as the launch of new-generation e-cigs, which offer flexibility to the users in terms of strength and refilling, is further driving the demand for e-cigarettes. The easy availability of mod and pod vapes has also influenced the market growth. Pod vapes are light in weight, compact and produce less vapor as compared to regular e-cigs. On the other hand, mod variants are larger in size and are characterized by higher vapor production. Moreover, the growing trend of Do-it-Yourself (DIY) e-liquid by combining various flavors as per the customization requirement of the users, along with the introduction of numerous flavored variants and easy product availability through online retail portals, is also creating a positive outlook for the market. Other factors, such as the rising number of female smokers, technological advancement and extensive research and development (R&D), are expected to drive the market further. On account of the aforementioned factors, the market is expected to reach a value of US$ 27 Billion by 2025, exhibiting a CAGR of 12.8% during 2020-2025.

Buy full report with table of contents: https://www.imarcgroup.com/e-cigarette-market

Key Market Segmentation:

Market Breakup by Product:

  1. Modular E-Cigarette

  2. Rechargeable E-Cigarette

  3. Next-Generation E-Cigarette

  4. Disposable E-Cigarette

Based on the product, next-generation e-cigarettes represent the most preferred segment. Other major segments include modular, rechargeable and disposable e-cigarettes.

Market Breakup by Flavor:

  1. Tobacco

/zigman2/quotes/201611010/composite
US : U.S.: NYSE
$ 73.36
-0.15 -0.20%
Volume: 7.20M
May 29, 2020 4:00p
P/E Ratio
14.95
Dividend Yield
6.38%
Market Cap
$114.23 billion
Rev. per Employee
$382,519
loading...
/zigman2/quotes/208895754/composite
US : U.S.: NYSE
$ 39.05
+0.24 +0.62%
Volume: 18.95M
May 29, 2020 4:00p
P/E Ratio
N/A
Dividend Yield
8.60%
Market Cap
$72.57 billion
Rev. per Employee
$2.36M
loading...
/zigman2/quotes/210207837/composite
US : U.S.: NYSE
$ 40.08
-0.37 -0.91%
Volume: 1.95M
May 29, 2020 3:59p
P/E Ratio
12.62
Dividend Yield
6.62%
Market Cap
$91.62 billion
Rev. per Employee
$510,947
loading...
/zigman2/quotes/206376661/delayed
UK : U.K.: London
42.00 p
+0.50 +1.20%
Volume: 32,430
May 29, 2020 4:35p
P/E Ratio
7.17
Dividend Yield
2.98%
Market Cap
£72.90 million
Rev. per Employee
£66,706
loading...
1 2
This Story has 0 Comments
Be the first to comment

Story Conversation

Commenting FAQs »
Link to MarketWatch's Slice.