The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

Rising awareness of health issues caused by smoking conventional tobacco cigarettes among the smoking population are expected to drive innovation in E-cigarettes manufacturing, thus driving the market during the forecast period.

The global E-cigarettes market is expected to grow from $21.63 billion in 2022 to $25.33 billion in 2023 at a compound annual growth rate (CAGR) of 17.1%. The E-cigarettes market is expected to grow from $44.01 billion in 2027 at a CAGR of 14.8%.

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Global E-cigarettes Market Segments Include:

• By Product Type:Disposable, Rechargeable, Modular
• By Composition Used:tobacco, Flavors, Nicotine-free
• By Distribution Channel:Specialist E-Cig Shops, Online, Supermarkets, Tobacconist, Other Distribution Channels
• By Geography:The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Asia Pacific is the largest region in the global E-cigarettes market in 2021.

Major Market Players in the E-cigarettes market include Philip Morris International, MCIG Inc., Altria Group Inc., British American Tobacco PLC., Japan Tobacco Inc., Imperial Tobacco Group, and Njoy Inc.

An increasing number of mergers and acquisitions between traditional cigarette and e-cigarette manufacturers is trending in the e-cigarette market. Traditional cigarette manufacturing companies and e-cigarette manufacturers are collaborating for product development or to improve their presence in the global market. For instance, British American Tobacco PLC., (BAT) an American British multinational cigarette and tobacco manufacturing company, acquired Reynolds American Inc. for $49 billion. The acquisition favored BAT to have a stable presence in high-growth emerging markets and high-profitability developed markets. Reynolds American Inc. is an American tobacco company that manufactures tobacco products and E-cigarettes.

The E-Cigarettes Global Market Report 2023  provides a E-cigarettes market overview for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The E-cigarettes market forecast analyzes E-cigarettes market size, E-cigarettes market share, leading competitor market positions. The regions covered in the report include Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa and the countries include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

An e-cigarette is a handheld battery-operated electronic device that contains a solution of nicotine, glycerine, and flavorings which turns into a mist that can be inhaled by the user. These are available in various flavors such as mint, menthol, and chocolate.

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