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E-Cigarette And Vape Market Is Predicted To Exceed $67.31 Billion By 2027 | Precise Scenario With Latest Trends, Opportunities And Segment Forecasts By Million Insights

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E-Cigarette And Vape Market Is Predicted To Exceed $67.31 Billion By 2027 | Precise Scenario With Latest Trends, Opportunities And Segment Forecasts By Million Insights

December 03
08:16 2020
E-Cigarette And Vape Market Is Predicted To Exceed $67.31 Billion By 2027 | Precise Scenario With Latest Trends, Opportunities And Segment Forecasts By Million Insights

Million Insights – World’s Fastest Growing Market Research Database
According to new report available with Million Insights, the global e-cigarette & vape industry to grow at a CAGR of 23.8% by 2027. Report includes in-depth market analysis by recent technologies, market size, share, trends, opportunities, types, segment and future analysis

The global E-Cigarette And Vape Market is anticipated to reach USD 67.31 billion by the end 2027, according to a new report released by Million Insights. The market is anticipated to grow at a CAGR of 23.8% during the forecast period, 2020 to 2027. This growth is attributed to rising demand for e-cigarettes among millennial population owing to availability of different flavors and affordability of the devices. Moreover, it is considered as safer alternative to traditional smoking. In addition, manufacturers are providing customized products at affordable price range. This is expected to boost the demand over the forecast period.

Consumers prefer these devices over traditional cigarettes owing to rising health awareness among millennial population. Moreover, various flavors such as mixed fruits, dessert, tobacco, and others are available in e-liquids which is driving the segment growth. In addition, DIY ideas for preparing e-liquids by mixing certain flavors are expected to boost the demand for e-liquids over the forecast period, 2020-2027.

To download the sample PDF of “Global E-Cigarette And Vape Market” please click here: https://www.millioninsights.com/industry-reports/global-e-cigarette-vape-market/request-sample

 

Prominent players are using Genomic Allergen Rapid Detection strategy to develop e-liquids to meet the require set of standards. This factor is expected to influence consumers to prefer e-cigarettes over conventional ones. In many countries such as Singapore, Uruguay, and India local authorities and health organizations have banned the selling of e-cigarettes which is expected to adversely affect the market growth.

North America was the largest market for e-cigarette and vaping devices owing to rising popularity of safer smoking alternatives and shifting trend towards healthy lifestyle. There are low to moderate entry barriers for new entrants to enter in this market. They can start their ventures by investing less amount of money. Furthermore, leading companies are concentrating on mergers, acquisition, R&D, and product innovation. Moreover, companies are adoption new technologies to attract large consumer base and expand their geographical presence.

To browse report summary & detailed TOC, please click the link below:
https://www.millioninsights.com/industry-reports/global-e-cigarette-vape-market

 

Further key findings from the report suggest:

• By product, the segment of modular devices is projected to grow at the fastest CAGR of 25.2% over the forecast period.

• The segment of e-liquids is projected to grow at the fastest rate from 2020 to 2027 owing to availability of variety of flavors and DIY ideas.

• Online segment is projected to be the prominent channel for selling vaping devices owing to rising influence of promotional strategies on social media platforms.

• In 2018, North America dominated the global e-cigarette & vape market and is projected to grow at a significant rate over the forecast period

• Leading players in this industry are British American Tobacco; Imperial Brands; Altria Group, Inc.; International Vapor Group; Nicquid; Japan Tobacco, International; JUUL Labs, Inc.; R.J. Reynolds Vapor Company; Philip Morris International Inc.; Shenzhen KangerTech Technology Co., Ltd. and Shenzhen IVPS Technology Co., Ltd.

Million Insights has segmented the global e-cigarette & vape market based on product, component, distribution channel, and region:

Product Outlook (Volume, Million Units; Revenue, USD Million, 2016 – 2027)
    • Disposable
    • Rechargeable
    • MComponentodular Devices

Outlook (Volume, Million Units; Revenue, USD Million, 2016 – 2027)
    • Atomizer
    • Vape Mod
    • Cartomizer
    • E-liquid

Distribution Channel Outlook (Volume, Million Units; Revenue, USD Million, 2016 – 2027)
    • Online
    • Retail
        • Convenience Store
        • Drug Store
        • Newsstand
        • Tobacconist Store
        • Specialty E-cigarette Store

Regional Outlook (Volume, Million Units; Revenue, USD Million, 2016 – 2027)
    • North America
        • U.S.
        • Canada
    • Europe
        • U.K.
        • Germany
    • Asia Pacific
        • China
        • Japan
        • South Korea
    • Latin America
        • Brazil
    • Middle East & Africa (MEA)

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About Million Insights

Million Insights, is a distributor of market research reports, published by premium publishers only. We have a comprehensive market place that will enable you to compare data points, before you make a purchase. Enabling informed buying is our motto and we strive hard to ensure that our clients get to browse through multiple samples, prior to an investment. Service flexibility & the fastest response time are two pillars, on which our business model is founded. Our market research report store, includes in-depth reports, from across various industry verticals, such as healthcare, technology, chemicals, food & beverages, consumer goods, material science & automotive.

Media Contact
Company Name: Million Insights
Contact Person: Ryan Manuel
Email: Send Email
Phone: 91-20-65300184
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City: Pune
State: Maharashtra
Country: India
Website: https://www.millioninsights.com/industry-reports/global-e-cigarette-vape-market


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