A Recent Study Says E-Cigarette Market Will Make a Huge Impact

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Rising awareness pertaining to harmful effects of smoking is one of the major drivers observed in the market

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E-Cigarette Market

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Global E-Cigarette Market E-cigarettes short for electronic cigarettes are providing smokers a safer alternative to tobacco-based products. Because the health hazards of such devices are relatively low compared to traditional ones the global e-cigarette market growth is expected to increase by leaps and bounds in the coming years. It is being estimated that the market size in 2023 will be more than thrice of what it was in 2017. Cig-a- likes vaporizers and vape mods are the various types of products on offer that are primarily sold through vape shops supermarkets online platforms and tobacconists. Further e-cigarettes are available in a variety of flavors giving regulars wider options and luring first- timers a good reason for experimentation. The sale of e-cigarettes online has also skyrocketed as consumers are drawn to attractive discounts and effective promotions. For instance Japan Tobacco Inc. entered the Ethiopian market in 2017 after acquiring a stake in National Tobacco Enterprise Ethiopia S.C. while British American Tobacco plc launched a tobacco-heating product glo which despite tasting similar to tobacco produces a lot less toxicants vapor and smell. The major trend observed in the e-cigarette market is the changing lifestyle and preferences of smokers. Addicts and those looking to quit are steadily shifting toward electronic cigarettes from tobacco-based ones. Besides the extremely less amount of smoke produced by e-cigarettes helps cut down on passive smoking which is another factor conducive to the market’s growth. Hence with rising awareness about the health risks of smoking more people wanting to quit increasing government restrictions on traditional forms of smoking advancements in technology and social acceptability of electronic alternatives e-cigarettes are expected to witness a high demand especially in developing countries. E-cigarette Market Segmentation Market Segmentation by Product • Cig-a-like o Disposable o Rechargeable • Vaporizer o Open tank o Closed system • Vape Mod • T-Vapor o Heat-not-burn o Infused Market Segmentation by Gender • Male • Female

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Global Frequency Synthesizer Market © PS Intelligence. All rights reserved 3 Disclaimer: PS Intelligence always keeps customers interest at the core while carrying out research activities. PS Intelligence ensures the reliability and accuracy of information and data provided in its market research publications. However the information in publications is subject to fluctuations as they are based on primary interviews of officials from various companies or organizations. PS Intelligence is not responsible for any incorrect data provided to us by the key industry players of the concerned domain. The information or analysis in PS Intelligence publications represents opinion based on research and should not be interpreted as statements of fact. The information in this report were believed to be correct at the time of publication but cannot be guaranteed. PS Intelligence does not endorse any product service or vendor depicted in its research publications. All intellectual property including trademarks and copyrights belong to their respective owners and may be protected by copyright. Under no circumstance may these be reproduced in any form without the prior written agreement of its owner. An order for market research report is intended for internal use of the company alone and not for disclosure to third parties or any publication in general. No service report or part thereof provided by PS Intelligence can be reproduced republished resold revealed distributed circulated or sublicensed in any medium or form now realized or hereafter become realized including and not limited to all forms of optical-based media magnetic electronic or digital without a written permission from PS Intelligence. Kindly write to: enquirypsmarketresearch.com B-13 Sector – 2 Noida U.P. – 201301 INDIA Contact No: +91 120 4541 337 US/Canada Toll-Free: 1-888-778-7886

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