E-cigarette Market Size, Share, Trends & Industry Growth (2022-27)

 

Market Overview:

The market for e-cigarettes, which was valued at USD 23.6 billion in 2021, is anticipated to grow at a CAGR of 13.39% over the course of the forecast period (2022–2027).

Numerous serious diseases have been linked to regular smoking. According to the World Health Organization, smokers have a higher risk of contracting COVID-19 than non-smokers. The COVID-19 pandemic also had a significant impact on the use of e-cigarettes in the United States. According to a study by Gaiha University, nearly 56.4% of young Americans reported changing their e-cigarette use since the COVID-19 pandemic started. The remaining youth either increased their use of e-cigarettes or switched to other nicotine or cannabis products. In addition, one-third of youth stopped vaping and another one-third reduced their use of them.

Thus, the study depicts that higher nicotine dependence, e-cigarette use frequency, poor online age verification, and several other factors were associated with sustained use of e-cigarette products.

Scope of the Report:

Electronic circuitry and a power source are typically found in e-cigarettes, and the power source powers the heating element. Instead of burning as with conventional cigarettes made of tobacco, they produce vapor by heating.

Vapor is most frequently created using a liquid that contains non-tobacco nicotine. The market studied is segmented by product type, battery mode, distribution channel, and geography. The market studied is the global e-cigarette market. The market under investigation is divided into three product categories based on product type: fully disposable models, rechargeable but disposable cartomizers, and customized vaporizers. The market under study is divided into automatic and manual e-cigarettes based on battery mode. The market is divided into offline and online retail segments based on the distribution channel.

By geography, the market studied is segmented into North America, Europe, and Rest of the World. For each segment, the market sizing and forecasts have been done on the basis of value (in USD million).

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