E-Cigarette Adoption Rises as an Alternative to Tobacco Products

Markntel Advisors present the latest study on E-cigarettes Market, covering extensive, in-depth analysis of the ongoing trends, opportunities/ high growth areas, and market drivers, which could help stakeholders to devise and align market strategies according to the future market dynamics. Based on elite players, present, past, and futuristic data will offer a profitable guide for all readers and competitors. The overall analysis covers an overview of the industry policies, market fluctuations, and the cost structure of the products available in the market.

E-Cigarette Market Research Report: Forecast (2023-2028), “The market is projected to grow at a CAGR of around 3.3% during the forecast period, owing to the increasing urge in consumers to quit smoking and tobacco products. In addition, the consumer perception of e-cigarettes as a less risky alternative to traditional cigarettes owing to benefits, including no smoke and pollution, and reduced health-related issues is also fueling the market growth. Furthermore, aversion and awareness about harmful effects of tobacco-based cigarettes are leading to more industrial expansion.”

Competitive analysis

Intending to reveal the competitive situation of the industry, the report concretely analyzes not only the leading enterprises that have a voice on a global scale but also the regional small and medium-sized companies that play vital roles and have plenty of potential growth. The major players, among whom the E-cigarettes Market fluctuates, are British American Tobacco PLC, Philip Morris International Inc., Altria Group, Inc., Imperial Brands PLC, JWEI Group, J Well France, Japan Tobacco Inc., Ritchy Group Limited, Juul Labs Inc., Innokin Technology, NJOY Inc., R. J. Reynolds Vapor Company, Shenzhen Kanger Technology Co., Ltd, NicQuid, and Others.

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Availability of Variety in E-Cigarette Flavors Grants North America the Lion’s Share

Globally, North America holds a prominent share of the market, attributed to the presence of influential tobacco companies, and the mounting usage of vaping devices as a safer alternative to cigarettes among the younger generation. Besides, the availability of variety in flavors in the US adds to the market growth. Moreover, the swift expansion of vape shops and the growing prevalence of e-commerce is further accelerating the industrial expansion”, further states the research report by Markntel Advisors.

Enlisting the Segments

The distinct diversification and articulations of the industry are classified into further segments so the stakeholder can obtain detailed information about factors affecting the market along with various factors affecting the elements which lead to fluctuations in the market. Segment-wise, E-cigarettes Market spreads across the following:

• By Type
• Completely Disposable Model
• Rechargeable but Disposable Cartomizer
• Personalized Vaporizer
• By Battery Mode
• Automatic E-cigarette
• Manual E-cigarette
• By Flavour
• Tobacco
• Botanical
• Fruit
• Sweet
• Beverage
• Others
• By Distribution Channel
• Online Retail
• Offline Retail

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