Market Overview:
The global vapor products market is expected to grow at a CAGR of XX% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for vapor products, especially e-liquids and devices, due to their health benefits over traditional smoking cigarettes. In addition, the growing awareness about the harmful effects of smoking tobacco is also propelling the demand for vapor products. The global vapor products market by type is segmented into e-liquids, devices, and others. The e-liquid segment accounted for a major share of the global vapor product market in 2017 and is expected to grow at a CAGR of XX% during the forecast period. This can be attributed to rising consumer preference for flavored e-liquids over tobacco cigarettes. The device segment includes cigalikes, Mods/Vapers (personalized vaping devices), vape pens/eGo’s (basic starter kits), and advanced mods/vapers.
Product Definition:
The term "vapor product" refers to any product that produces a vaporized mist or aerosol when used. This includes products such as electronic cigarettes, vape pens, e-liquids, and cartridges. Vapor products are an important tool for helping people quit smoking cigarettes and can be significantly less harmful than smoking tobacco products.
E-Liquids:
E-liquids, sometimes called electronic liquids or e-juices are becoming increasingly popular in the vapor products market. They are made up of a combination of flavors and ingredients that produce an aerosol when heated. The most important component is nicotine, which is present in various forms including freebase, organic acid salt (OAS), and soluble nicotine.
Devices:
Devices are the equipment used in vapor products to produce scents and flavors. They can be categorized into two types depending on their usage; consumer device and commercial device. Consumer devices include personal vaporizers, e-cigarettes, vape pens, aromatic candles or gifting options such as AromaMist Ultrasonic Diffuser or AromaMist humidifier for home use along with other portable devices that offer a similar experience of smoking a regular cigarette.
Application Insights:
The global vapor products market is segmented based on application into e-vapor, HnB tobacco and others. The e-vapor segment dominated the overall market in terms of revenue share in 2017. This can be attributed to growing consumer preference for using advanced devices that offer a more satisfying vaping experience with higher nicotine content. Moreover, rising demand for high purity flavor oils by manufacturers to produce unique blends has also driven the growth of this segment over recent years.
Heat not burn (HnB) tobacco was the second largest application sub-segment accounted for 28% of total industry revenue in 2017 owing to increasing awareness among consumers regarding health hazards associated with traditional smoking practices and its adverse effects on human health such as cancer & cardiovascular diseases etc., which drives their demand towards vaporizers used as an alternative therapy thereby propelling growth over recent years globally.
Regional Analysis:
North America dominated the global market in 2017 owing to high demand for e-cigarettes and other vapor devices from U.S. In addition, growing awareness about these products among youth population is expected to drive the regional growth over the forecast period. Europe accounted for a significant share of revenue in 2017 owing to high demand from countries, such as Germany and U.K., coupled with favorable regulations regarding vaping in public places or vehicles etc.
Asia Pacific is anticipated to witness lucrative growth over the forecast period due to rising disposable income of consumers along with increasing health awareness among people leading towards adoption of these products; especially vape pens/mods and e-cigarettes/e-cigars etc.; which are smaller than traditional cigarettes thus making it easier for consumers while traveling or during social gatherings etc.
Growth Factors:
- Increasing demand for vapor products from the youth population
- Rising awareness about the benefits of vaping over smoking
- Growing number of vape shops and lounges across the world
- Proliferation of flavored e-liquids and juices
- Entry of big tobacco players into the vapor products market
Scope Of The Report
Report Attributes
Report Details
Report Title
Vapor Products Market Research Report
By Type
E-Liquids, Devices, Others
By Application
E-Vapor, Heat-not-Burn (HnB) Tobacco
By Companies
Altria Group, British American Tobacco, Imperial Brands, Japan Tobacco International, JUUL Labs, Philip Morris International
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
235
Number of Tables & Figures
165
Customization Available
Yes, the report can be customized as per your need.
Global Vapor Products Market Report Segments:
The global Vapor Products market is segmented on the basis of:
Types
E-Liquids, Devices, Others
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
E-Vapor, Heat-not-Burn (HnB) Tobacco
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 Group
- British American Tobacco
- Imperial Brands
- Japan Tobacco International
- JUUL Labs
- Philip Morris International
Highlights of The Vapor Products 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:
- E-Liquids
- Devices
- Others
- By Application:
- E-Vapor
- Heat-not-Burn (HnB) Tobacco
- 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 Vapor Products 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?
Vapor products are electronic cigarettes and other devices that heat a liquid to produce an aerosol, which is then inhaled.
Some of the major players in the vapor products market are Altria Group, British American Tobacco, Imperial Brands, Japan Tobacco International, JUUL Labs, Philip Morris International.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Vapor Products 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 Vapor Products Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Vapor Products 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 Vapor Products 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 Vapor Products Market Size & Forecast, 2018-2028
4.5.1 Vapor Products Market Size and Y-o-Y Growth
4.5.2 Vapor Products Market Absolute $ Opportunity
Chapter 5 Global Vapor Products 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 Vapor Products Market Size Forecast by Type
5.2.1 E-Liquids
5.2.2 Devices
5.2.3 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Vapor Products 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 Vapor Products Market Size Forecast by Applications
6.2.1 E-Vapor
6.2.2 Heat-not-Burn (HnB) Tobacco
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Vapor Products 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 Vapor Products 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 Vapor Products Analysis and Forecast
9.1 Introduction
9.2 North America Vapor Products 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 Vapor Products Market Size Forecast by Type
9.6.1 E-Liquids
9.6.2 Devices
9.6.3 Others
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 Vapor Products Market Size Forecast by Applications
9.10.1 E-Vapor
9.10.2 Heat-not-Burn (HnB) Tobacco
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 Vapor Products Analysis and Forecast
10.1 Introduction
10.2 Europe Vapor Products 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 Vapor Products Market Size Forecast by Type
10.6.1 E-Liquids
10.6.2 Devices
10.6.3 Others
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 Vapor Products Market Size Forecast by Applications
10.10.1 E-Vapor
10.10.2 Heat-not-Burn (HnB) Tobacco
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 Vapor Products Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Vapor Products 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 Vapor Products Market Size Forecast by Type
11.6.1 E-Liquids
11.6.2 Devices
11.6.3 Others
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 Vapor Products Market Size Forecast by Applications
11.10.1 E-Vapor
11.10.2 Heat-not-Burn (HnB) Tobacco
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 Vapor Products Analysis and Forecast
12.1 Introduction
12.2 Latin America Vapor Products 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 Vapor Products Market Size Forecast by Type
12.6.1 E-Liquids
12.6.2 Devices
12.6.3 Others
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 Vapor Products Market Size Forecast by Applications
12.10.1 E-Vapor
12.10.2 Heat-not-Burn (HnB) Tobacco
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) Vapor Products Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Vapor Products 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) Vapor Products Market Size Forecast by Type
13.6.1 E-Liquids
13.6.2 Devices
13.6.3 Others
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) Vapor Products Market Size Forecast by Applications
13.10.1 E-Vapor
13.10.2 Heat-not-Burn (HnB) Tobacco
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 Vapor Products Market: Competitive Dashboard
14.2 Global Vapor Products Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Altria Group
14.3.2 British American Tobacco
14.3.3 Imperial Brands
14.3.4 Japan Tobacco International
14.3.5 JUUL Labs
14.3.6 Philip Morris International
