Electronic Cigarette Market Key Players, Application and Development Forecast to 2023

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Fraud Detection & Prevention Mark Skim Market Met Electronic Cigarette Market Market 220 Pages Report

Global Opportunity Opportunity Analysis Global Opportunity Opportunity Analysis Global Opportunity Global Opportunity Global Opportunity Global Opportunity Global & Opportunity Analysis Industry and Industry Forecast, Analysis and Industry and Industry Forecast, Analysis and Industry Analysis Analysis and and Industry Industry Analysis and Industry Forecast, 2014-2022 2014 - 2022 Forecast, 2014-2022 Forecast 2023 2014-2022 Forecast 2030 Forecast, 2014-2022 Forecast, 2014 - 2022 Forecast, 2017-2023

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Electronic Cigarette Market

“Electronic cigarette provides consumers with smoke & ash less vaping, which makes it socially acceptable and thus are safer than tobacco cigarettes. This is expected to boost the growth of the electronic cigarette market.�

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Electronic Cigarette Market

According to a new report published by Allied Market Research, titled, Electronic Cigarette Market by Product Type, Flavor, and Distribution Channel: Global Opportunity Analysis and Industry Forecast, 2017-2023, the global electronic cigarette market was valued at $8,610 million in 2016, and is projected to reach $26,839 million by 2023, registering a CAGR of 17.4% from 2017 to 2023. In 2016, the modular product type accounted for more than half of the share in global market. An electronic cigarette is a handheld device that tries to create the feeling of tobacco smoking. It is a battery-operated device, which heats a liquid to generate an aerosol, commonly called a vapor, for the user to inhale. The liquid inside the electronic cigarette is usually made of nicotine, propylene glycol, glycerin, or other flavorings. There are different types of electronic cigarettes available in the market, which includes modular, rechargeable, and disposable.

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Electronic Cigarette Market

Increase in awareness about harmful effects of conventional cigarettes, improving lifestyle and growing affluence, and growing technological developments by electronic cigarette manufacturers are the various driving factors, which is expected to propel the market growth from 2017 to 2023.

Download Free Sample Copy Of Report In 2016, modular electronic cigarette accounted for the largest share in the market and is expected to maintain its dominance during the forecast period. Modular electronic cigarette is the most popular among others as it can be refilled and allows the user to regulate the power delivered from the systems battery to the automizer.

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Electronic Cigarette Market

Major Companies:  Altria Group  British American Tobacco  Imperial Brands  International Vapor Group  Japan Tobacco  Nicotek Llc  Njoy Inc.  Philip Morris International Inc.  Reynolds American Inc.  Vmr Flavours Llc.

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Electronic Cigarette Market

Key findings of the Electronic Cigarette Market:  North America is expected to maintain its dominant position in the market during the forecast period, followed by Europe.  The tobacco flavor segment generated the highest revenue in 2016, and is projected to grow at a CAGR of 18.0% during the forecast period.  Online distribution channel is anticipated to grow at the highest CAGR of 18.1% from 2017 to 2023.  The U.S. accounted for more than two-fifths of the market share growing at a significant CAGR of 17.4%.  Asia-Pacific is expected to grow at a significant CAGR of 16.9% during the forecast period.

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Electronic Cigarette Market

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