Global Electronic Cigarette and Tobacco Vapor Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Market Overview

of Global Electronic Cigarette and Tobacco Vapor market:
The latest research study on the global Electronic Cigarette and Tobacco Vapor market finds that the global Electronic Cigarette and Tobacco Vapor market reached a value of USD 24816.58 million in 2022. It’s expected that the market will achieve USD 42335.71 million by 2028, exhibiting a CAGR of 9.31% during the forecast period.

Large market
Huge demand from the downstream market especially in developed countries of all ages. At present, the team of e-cigarette players in pursuit of big smoke around the world is rapidly expanding. They use electronic eyes not only to quit smoking for the sake of nicotine, but also for the sake of bigger smoke, which is also encouraged by the holding of various smoke competitions.

Convenience of products
Customers can buy the product whenever they want to. The products can be bought both online and offline, besides , the reusable cigarettes can be charged, making the life of the product longer.

Side effects
Unknown side effects remain to be discovered. The health risks of e-cigarettes are uncertain. They are likely safer than tobacco cigarettes but are of unclear effect in relation to other methods of stopping smoking. Their long-term health effects are not known. They may help some smokers quit. When used by non-smokers, e-cigarettes can lead to nicotine addiction, and there is concern that children could start smoking after using e-cigarettes. So far, no serious adverse effects have been reported in trials. Less serious adverse effects include throat and mouth irritation, vomiting, nausea, and coughing.

Restrictions from government
restrictions from the government to keep the market steady. Countries that have completely banned e-cigarettes include panama, Israel, Brazil, Singapore, Argentina and Greece, while Canada bans the sale of e-cigarettes containing nicotine.

Region Overview:
From 2023-2028, North America is estimated to witness robust growth prospects.

Company Overview:
JUUL Labs is one of the major players operating in the Electronic Cigarette and Tobacco Vapor market, holding a share of 13.73% in 2023.

JUUL Labs
JUUl Labs is an electronic cigarette company which spun off from PAX Labs in 2017. It makes the Juul e-cigarette, which was introduced by PAX Labs in 2015. The Juul is a type of e-cigarette that uses nicotine salts that exist in leaf-based tobacco for its key ingredient.

Altria Group Inc.
Altria Group, Inc. (renamed from Philip Morris Companies Inc. on January 27, 2003) is an American corporation and one of the world's largest producers and marketers of tobacco, cigarettes and related products. It operates worldwide and is headquartered in Henrico County, Virginia, just outside the city of Richmond.

Segmentation Overview:
By type, Reusable Electronic Cigarette segment accounted for the largest share of market in 2022.

Application Overview:
By application, the Offline Sales segment occupied the biggest share from 2018 to 2022.

The report covers a research time span from 2018 to 2029; combines extensive quantitative analysis and exhaustive qualitative analysis; presents not only an overview of the global Electronic Cigarette and Tobacco Vapor market in metrics of sales, revenue, growth rate, but also a deeper dive into the segmented market by region, product type and downstream industry, showing the readers a clear and distinct picture of how the market is distributed from different perspectives.

For competitive landscape, prominent players with considerable market shares are comprehensively analyzed in this report. With information regarding the concentration ratio and detailed data reflecting the market performance of each player shared, the readers can acquire a holistic view of the competitive situation and a better understanding of their competitors.

As the COVID-19 takes over the world, we are continuously tracking the changes in the markets. We analyzed the impact of the pandemic in detail, along with other key factors, such as macro-economy, regional conflicts, industry related news and policies. Meanwhile, market investment scenario, technology status and developments, supply chain challenges, among other essential research elements are all covered.

Research Scope
This report provides an overview of the global Electronic Cigarette and Tobacco Vapor market and analyzes the segmented market by product type, downstream industry, and region, presenting data points such as sales, revenue, growth rate, explaining the current status and future trends of the Electronic Cigarette and Tobacco Vapor and its sub-markets in an intuitive way.

Key Companies in the global Electronic Cigarette and Tobacco Vapor market covered in Chapter 3:
JUUL Labs, Inc.
Philip Morris International
NJOY, LLC
Japan Tobacco Inc.
British American Tobacco PLC
Altria Group Inc.
MCIG Inc
Turning Point Brands Kimree
Imperial Brands plc

In Chapter 4 and Chapter 14.2, on the basis of types, the Electronic Cigarette and Tobacco Vapor market from 2018 to 2029 is primarily split into:
Reusable Electronic Cigarettes
Disposable Electronic Cigarettes

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Electronic Cigarette and Tobacco Vapor market from 2018 to 2029 covers:
Online Sales
Offline Sales

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:
North America (United States, Canada)

Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)

Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)

Latin America (Brazil, Mexico, Argentina)

Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)

Key Factors Considered

COVID-19
Amid the COVID-19 crisis, the Electronic Cigarette and Tobacco Vapor market has definitely taken a hit. The report describes the market scenario during and post the pandemic in the vision of upstream raw materials, major market participants, downstream major customers, etc. Other aspects, such as changes in consumer behavior, demand, transport capacity, trade flow under COVID-19, have also been taken into consideration during the process of the research.

Regional Conflict / Russia-Ukraine War
The report also presents the impact of regional conflict on this market in an effort to aid the readers to understand how the market has been adversely influenced and how it’s going to evolve in the years to come.

Challenges & Opportunities
Factors that may help create opportunities and boost profits for market players, as well as challenges that may restrain or even pose a threat to the development of the players, are revealed in the report, which can shed a light on strategic decisions and implementation.

Chapter Outline

Chapter 1 starts the report with a brief overview of the research scope, as well as the definitions of the target market and the subdivisions.

Chapter 2 integrates and sketches the research findings and conclusions in a clear and explicit way.

Chapter 3 presents the competitive landscape by displaying the sales, revenue, and market shares of the top players. It also profiles the major market participants with their business introductions, sales, price, revenue, gross, growth rates, etc.

Chapter 4 breaks down the market by different product types and shares data correspondingly with the aim of helping the readers know how the market is distributed by type.

Chapter 5 segments the market by downstream industry, with data covers sales, revenue, and growth rate tracing back to 2018.

Chapter 6 is the analysis of the whole market industrial chain, ranging from upstream raw materials to downstream customers, with regional conflicts taken into consideration.

Chapter 7 elaborates on market dynamics. Factors that drive, challenge, or restrain the market are all listed, together with industry news, opportunities, impacts of COVID-19, and SWOT analysis.

Chapter 8 shows the breakdown data at the regional level, which enables the readers to picture the regional competitive pattern of the market and learn about the revenue, sales, and market share of all the major regions.

Chapter 9-13 focus on each and every of the major region, specifically, North America, Europe, Asia Pacific, Latin America, Middle East & Africa. Sales, price, revenue, gross, gross margin, among others, will be all be presented.

Chapter 14 forecasts the future trend of the market not only as a whole but also from the perspective of all segments.

Years considered for this report:

Historical Years:

2018-2022

Base Year:

2022

Estimated Year:

2023

Forecast Period:

2023-2029

Frequently Asked Questions