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Oct. 14, 2019, 3:16 a.m. EDT

E-cigarettes Market to Observe Strong Development Growth of CAGR by 2026

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Oct 14, 2019 (WiredRelease via COMTEX) -- E-cigarettes are made up of cartridge, a battery, e-liquid and an atomizer that heats ingredients in a cartridge which creates a vapor to be inhaled by the consumer. It majorly includes nicotine, propylene, glycol, glycerin, and flavorings in liquid form that gets vaporized. They are tobacco-free and do not produce any combustion, smoke, and odor. They are similar to normal cigarettes with an LED light to produce when the user draws on an e-cigarette, E-cigarettes are designed to offer a sensation (nicotine hit) similar to conventional tobacco cigarettes. According to the US Food and Drugs Administration (FDA), e-cigarettes convert the chemicals such as nicotine into an aerosol that is inhaled by the user.

Rising adoption of the eco-friendly product coupled with the tax hike of regular cigarettes is the major factor fueling the market growth of E-cigarette. In July 2013, the World Health Organization (WHO) stated the potential risks of using e-cigarettes, which include throat irritation and coughing. This is expected to hamper the growth of the global e-cigarettes market.

Get PDF Brochure of Research Report:  https://www.coherentmarketinsights.com/insight/request-pdf/1362

Market segmentation

By Product Type:

– Modular

– Rechargeable

– Disposable

By Distribution Channel:

– Hypermarkets

– Supermarkets

– Specialty stores

– Online Stores

– Others

Among product types, the modular e-cigarettes segment witnessed a significant market share in 2016. This can be attributed to the variety in the modular e-cigarettes such as flavors which can be refilled by the user, and also allow the user to adjust the power that is delivered from the e-battery to the atomizer. E-cigarettes are gaining significant traction owing to the wide availability of different flavors and enhanced inhaling experience, which in turn is fueling the growth of the e-cigarettes market. 

Regional Outlook

North America region is dominating the global e-cigarettes market owing to the increasing educational campaigns coupled with a ban on smoking in public places in the U.S. This has resulted in an approximate 31% drop in the sale of conventional cigarettes since 2005. This has created a large scale opportunity for e-cigarettes manufacturers in the U.S. thereby resulting in the growth of the market in North America. According to the National Youth Tobacco Survey (NYTS), an estimated 27.1% of U.S. adolescents used e-cigarettes in 2015. This has resulted in 41 states banning the sale of e-cigarettes to minors due to the increasing number of health complications associated with it. These factors could greatly hamper the growth of the e-cigarettes market in North America.

Browse More Information:  https://www.coherentmarketinsights.com/ongoing-insight/e-cigarettes-market-1362

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