E-Cigarette Market Share 2020: Global Industry Size, Growth and Forecast Till 2025
Sheridan, Wyoming, USA, March 05, 2020 (Wired Release) IMARC Group As per new report by IMARC Group, titled E-Cigarette Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025, The global e cigarette market share in 2019 reached a value of US$ 13 Billion . the market value is expected to reach US$ 27 Billion by 2025, exhibiting a CAGR of 12.8% during 2020-2025.
Some of the Top Companies inE-Cigarette Market:
1. Philip Morris International
2. Altria Group Inc.
3. British American Tobacco PLC
4. Japan Tobacco, Inc.
5. Imperial Tobacco Group
6. International Vapor Group
7. Nicotek Llc, Njoy Inc.
8. Reynolds American Inc.
9. Vmr Flavours Llc., MCIG Inc.
10. ITC Limited
11. J WELL France, etc.
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E-cigarettes, also known as e-vaping devices, are battery-operated devices that emit vaporized nicotine or non-nicotine solutions for the user to inhale. Their objective is to offer a sensation similar to that of inhaling tobacco smoke. E-cigarettes are mainly manufactured using four components, including a heating element, power source, cartridge and a mouthpiece, which is used for inhaling the solution. These cigarettes are gaining traction across the globe, especially among young adults, as they are considered safer than conventional cigarettes.
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The rising awareness among individuals about the harmful impact of conventional cigarettes, in confluence with the growing willingness to quit smoking, is bolstering the e-cigarettes market growth. Apart from this, some of the leading players operating in the industry are launching new generation products, which provide different strengths of nicotine and enable users to refill the cartridge. These players are also forming alliances and partnering with small and domestic vendors to maintain their competitive edge in the market. Furthermore, the easy availability of flavored e-cigarette variants, such as mint, menthol, bubble gum and fusions of other fruits and flavorings, are expected to impel the market growth in the coming years.
Key Market Segmentation:
Breakup by Product:
Breakup by Flavor:
Breakup by Battery Mode:
Breakup by Distribution Channel:
Specialist E-Cig Shops
Supermarkets and Hypermarkets
Breakup by Region:
Middle East and Africa
Key highlights of the report:
Porters Five Forces Analysis
Market Drivers and Success Factors
Profiles of Key Players
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