Smokeless cigarettes market is presently worth USD 28.42 billion and is poised to amplify at a CAGR of 16% over 2022-2030, thereby amassing a valuation of USD 125.4 billion by end of the assessment.
There has been an increase in public knowledge of the long-term health risks of smoking. Due to this, there was a significant increase in demand for tobacco-free products like e-cigarettes. The fact that rechargeable e-cigarettes are more flexible than their single-use equivalents has also helped them to be positively embraced by consumers. The long-term benefits of rechargeable e-cigarettes much outweigh the initial cost difference, even though disposable e-cigarettes are a more affordable option for a wider spectrum of consumers wishing to test them out.
Market Overview:
The use of e-cigarettes may be influenced by consumer demand for a less dangerous substitute for traditional cigarettes and the implementation of macro policies, such as those that limit cigarette use or require clean indoor air. The manufacture, distribution, marketing, promotion, and pricing of the product—activities that are similar to those in the cigarette industry—as well as the creation and innovation of new goods and brands are all things that e-cigarette firms may have a significant impact on in the market.
The availability of several types of e-cigarettes and e-liquid tastes, together with advances in e-cigarette technology, make it possible for users to select the device and flavour of their choosing, which is helping the industry expand. The global uptake of e-cigarettes has been prompted by the growing awareness of healthier alternatives to tobacco use.
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Segmental analysis of the Market:
Based on Product
- Non-electric
- Electric
Based on Distribution Channel
- Offline
- Online
Competitive Landscape:
Some of the prominent companies operating in the market are
- JUUL Labs Inc.
- British American Tobacco Plc
- RELX Technology Co. Ltd.
- Imperial Brands Plc
- Japan Tobacco Inc.
- Shenzhen Joye Technology Co Ltd.
- Shenzhen IVPS Technology Co Ltd.
- Shenzhen Kanger Technology Co Ltd.
- Shenzhen Eigate Technology Co Ltd.
- Flavour art Srl
Frequently Asked Questions:
- What is the growth rate of the global smokeless cigarettes market?
- What are the primary growth determinants of the market?
- Which are the major regions constituting the geographical landscape of the market?
- Which are the prominent companies operating in the market?
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