Market Overview:
The global electronic cigarette and tobacco vapor market is expected to grow at a CAGR of XX% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing awareness about the benefits of using electronic cigarettes over traditional cigarettes, rising demand for tobacco-free products, and growing number of e-cigarette users. In addition, the increasing use of tobacco vaporizers for recreational purposes is also contributing to the growth of this market. On the basis of type, the global electronic cigarette and tobacco vapor market can be segmented into electronic cigarettes and tobacco vaporizers. Electronic cigarettes are further sub-segmented into cigalikes, Mods/Vapers, Personal Vaporizers (PV), and Heat Not Burn (HNB) devices. Tobacco vaporizers are further sub-segmented into portable devices and desktop devices. On the basis of application, this market can be segmented into online distribution channel, retail distribution channel, and others (including direct sales by manufacturers to consumers).
Product Definition:
An electronic cigarette (e-cigarette) is a battery-operated device that simulates smoking by producing a flavored vapor that you inhale. E-cigarettes do not contain tobacco, but they do contain nicotine. The health risks of e-cigarettes are not known, but they may be less harmful than cigarettes.
Electronic Cigarette:
An electronic cigarette (e-cigarette) is a handheld device that delivers nicotine through the vapor produced by a battery-powered heating element instead of tobacco. E-cigarettes are commonly made from stainless steel, aluminum, or titanium and come in various forms such as portable USB devices or full size cigarettes. The user inhales nicotine through the mouthpiece and then expels the vapor into air which is usually collected by another device to be smoked later.
Tobacco Vapor:
Tobacco vapor is the smokeless tobacco product that has been heated and converted to a vapor. It is also known as electronic cigarette or e-cigarette. Tobacco Vapor contains nicotine which acts as a stimulant in the body and makes you feel good when consumed in small doses, but it can have harmful effects on the body if consumed regularly. The other ingredients of tobacco vapor are propylene glycol, vegetable glycerin, flavoring agents such as menthol among others.
Application Insights:
The others segment includes smokeless cigarettes, cigars and pipes. The application of the e-cigars is expected to witness a rapid growth rate owing to their use in social occasions such as bars and clubs. Furthermore, the growing popularity of smoking tobacco through e-cigs has led to an increase in demand for pipes and cigars which are smoked using these devices. This trend is likely to positively influence market growth over the forecast period.
Regional Analysis:
North America dominated the global market in 2017. The region is expected to maintain its position during the forecast period owing to increasing awareness regarding e-cigarettes and their benefits, such as reduction in tar and nicotine content, improvement in throat hit, longer battery life, portability and ease of use. Furthermore, growing popularity of these products among both smokers and non-smokers will drive the regional demand over the forecast period.
Asia Pacific is anticipated to be one of the fastest growing regions during the same period owing to rising disposable income especially among middle class population groups; expanding retail sector; increasing smoking prevalence especially indoors; stringent government regulations on tobacco production & sales including electronic cigarettes; ban on smoking inside public places including restaurants & bars by local governments under certain circumstances etc. Increasing number of manufacturers due to low manufacturing cost coupled with availability of cheap labor may also contribute toward regional growth over next eight years or so till 2030 time frame).
Growth Factors:
- Increasing awareness about the harmful effects of smoking tobacco cigarettes, which is driving demand for electronic cigarettes and tobacco vapor products as a safer alternative.
- Growing number of young adults who are using electronic cigarettes and tobacco vapor products as an alternative to traditional smoking, helping to drive market growth.
- Rising disposable income levels among consumers in developed countries is contributing to increased spending on premium-priced electronic cigarette and tobacco vapor products.
- Rapid technological advancements in the industry are resulting in new product innovations and higher quality devices, fueling consumer demand.
- Stringent government regulations on traditional cigarette advertising is prompting manufacturers to focus more on marketing e-cigarettes and other smokeless alternatives, aiding market growth
Scope Of The Report
Report Attributes
Report Details
Report Title
Electronic Cigarette and Tobacco Vapor Market Research Report
By Type
Electronic Cigarette, Tobacco Vapor
By Application
Online Distribution Channel, Retail Distribution Channel, Others
By Companies
Altria, British American Tobacco, Japan Tobacco, JUUL, Innokin, Nicopure Labs, Philip Morris
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
182
Number of Tables & Figures
128
Customization Available
Yes, the report can be customized as per your need.
Global Electronic Cigarette and Tobacco Vapor Market Report Segments:
The global Electronic Cigarette and Tobacco Vapor market is segmented on the basis of:
Types
Electronic Cigarette, Tobacco Vapor
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Online Distribution Channel, Retail Distribution Channel, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Altria
- British American Tobacco
- Japan Tobacco
- JUUL
- Innokin
- Nicopure Labs
- Philip Morris
Highlights of The Electronic Cigarette and Tobacco Vapor Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Electronic Cigarette
- Tobacco Vapor
- By Application:
- Online Distribution Channel
- Retail Distribution Channel
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Electronic Cigarette and Tobacco Vapor Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Electronic cigarettes and tobacco vapor are devices that use nicotine, propylene glycol, vegetable glycerin, flavorings and other chemicals to produce an inhalable aerosol. The electronic cigarette industry is growing rapidly as more people try to quit smoking traditional cigarettes.
Some of the major players in the electronic cigarette and tobacco vapor market are Altria, British American Tobacco, Japan Tobacco, JUUL, Innokin, Nicopure Labs, Philip Morris.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Electronic Cigarette and Tobacco Vapor Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Electronic Cigarette and Tobacco Vapor Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Electronic Cigarette and Tobacco Vapor Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Electronic Cigarette and Tobacco Vapor Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Electronic Cigarette and Tobacco Vapor Market Size & Forecast, 2020-2028
4.5.1 Electronic Cigarette and Tobacco Vapor Market Size and Y-o-Y Growth
4.5.2 Electronic Cigarette and Tobacco Vapor Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Electronic Cigarette
5.2.2 Tobacco Vapor
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Online Distribution Channel
6.2.2 Retail Distribution Channel
6.2.3 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Electronic Cigarette and Tobacco Vapor Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Electronic Cigarette and Tobacco Vapor Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Electronic Cigarette
9.6.2 Tobacco Vapor
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Online Distribution Channel
9.10.2 Retail Distribution Channel
9.10.3 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Electronic Cigarette
10.6.2 Tobacco Vapor
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Online Distribution Channel
10.10.2 Retail Distribution Channel
10.10.3 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Electronic Cigarette
11.6.2 Tobacco Vapor
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Online Distribution Channel
11.10.2 Retail Distribution Channel
11.10.3 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Electronic Cigarette
12.6.2 Tobacco Vapor
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Online Distribution Channel
12.10.2 Retail Distribution Channel
12.10.3 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Electronic Cigarette
13.6.2 Tobacco Vapor
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Online Distribution Channel
13.10.2 Retail Distribution Channel
13.10.3 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Electronic Cigarette and Tobacco Vapor Market: Competitive Dashboard
14.2 Global Electronic Cigarette and Tobacco Vapor Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Altria
14.3.2 British American Tobacco
14.3.3 Japan Tobacco
14.3.4 JUUL
14.3.5 Innokin
14.3.6 Nicopure Labs
14.3.7 Philip Morris
