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June 29, 2020, 7:11 a.m. EDT

E-Cigarettes Market Brand and major players 2020-2022

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Jun 29, 2020 (AmericaNewsHour) -- An e-cigarette or electronic cigarette is an electronic device which people can smoke as an alternative to cigarettes. It is less harmful than cigarettes. It can help smokers quit cigarettes in time. But using it frequently will lead to addiction. This device was made possible with the help of technology in 2004.

Market Dynamics:
The prime driver for the market is the health awareness drives. This is leading to the smoke and ash less smoking. Advancement in technology has triggered the focus on the market. The change in lifestyle habits is driving the market. The product comes in different flavors and fragrances to meet differing demands. The ban on public smoking in some countries is a plus point for the market.

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This product could be used anywhere and it is environment-friendly as well. Furthermore, e-cigarettes are more economical than cigarettes due to high taxation on cigarettes and their rising prices.

The major restraint on the market is the risk and side effects of using the product. Consumer acceptability could be an issue in the growth of the market. The opportunity for the market lies in the technological advancement and research and development.The growing demand and popularity of the product hold a major scope for the future of the market. Health concerns will drive smokers towards tobacco alternatives.

Market Segmentation:
The market is segmented in terms of the distribution channel into online and retail. The market is divided into first-generation, second-generation and third-generation on the basis of the product. On the basis of size, the market is divided into generation resources, storage, and advanced controls.

Regional/Geographic Analysis:
North America dominates the market. Europe comes next in the list with strong demand. Asia Pacific has the highest growth potential with rising awareness of the product.

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Key Players:
Some of the major players in the market include British American Tobacco, Japan Tobacco, Phillip Morris International, Njoy, Reynolds American, Altria Group, and Imperial Brands.

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Kenneth Research is a reselling agency providing market research solutions in different verticals such as Automotive and Transportation, Chemicals and Materials, Healthcare, Food & Beverage and Consumer Packaged Goods, Semiconductors, Electronics & ICT, Packaging, and Others. Our portfolio includes set of market research insights such as market sizing and market forecasting, market share analysis and key positioning of the players (manufacturers, deals and distributors, etc), understanding the competitive landscape and their business at a ground level and many more. Our research experts deliver the offerings efficiently and effectively within a stipulated time. The market study provided by Kenneth Research helps the Industry veterans/investors to think and to act wisely in their overall strategy formulation

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The post E-Cigarettes Market Brand and major players 2020-2022 appeared first on America News Hour .

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