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E-Cigarette Market Trends

  • Report ID: GMI4115
  • Published Date: Nov 2024
  • Report Format: PDF

E-Cigarette Market Trends

Flavor variety continues to be a major attraction in the market, as many users seek diverse options such as fruity, mint, and dessert flavors. These flavors are especially popular among adult consumers who prefer to avoid the traditional taste of tobacco, making flavored e-cigarettes a key aspect of their appeal. Despite growing regulatory restrictions on flavors in some regions often aimed at reducing youth usage the demand for flavored options remains strong. This persistent interest highlights the importance of flavors as a differentiating factor in the market, appealing to a wide range of adult preferences and helping many individuals transition away from conventional smoking.

Authors: Avinash Singh, Sunita Singh

Frequently Asked Questions (FAQ) :

The global e-cigarette industry was valued at USD 26 billion in 2023 and is anticipated to register a CAGR of 5.1% between 2024 and 2032, driven by consumer perception and technological advancements.

Vape pens dominated the market in 2023 with a valuation of USD 6.2 billion and are expected to grow at a CAGR of 4.2% from 2024 to 2032 due to their user-friendly design, portability, and cost-effectiveness.

North Americas e-cigarette industry was valued at USD 8.5 billion in 2023 and is projected to grow at a CAGR of 5.4% from 2024 to 2032, driven by high adoption rates and regulatory developments.

Key players in the industry include Altria, British American Tobacco, Imperial Brands, International Vapor, Japan Tobacco, NicQuid, JUUL Labs, Philip Morris, R.J. Reynolds Vapor, SMOK, KangerTech, NJOY, and RELX.

E-Cigarette Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 15
  • Tables & Figures: 275
  • Countries covered: 14
  • Pages: 225
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