Disposable E-cigarettes Market Size, Growth, Analysis by Product,and the forecast period of 2033
The disposable e-cigarettes market size is projected to exceed a valuation of US$ 69,961.2 million in 2023. It is predicted to attain a valuation of US$ 189,880.3 million by 2033. The market is anticipated to thrive at a CAGR of 10.50% from 2023 to 2033.
Disposable e-cigarettes are frequently available in a variety of flavors, including those derived from traditional tobacco, menthol, fruit, dessert, and beverages. The alternative helps draw customers who might not find standard tobacco flavors appetizing and caters to people seeking out various flavor sensations. Further, the popularity and growth of the disposable e-cigarette market have been significantly influenced by the accessibility of a wide variety of flavors.
Many people choose disposable e-cigarettes as a substitute for regular cigarettes due to health concerns. Although research on the long-term health impacts of vaping is ongoing, e-cigarettes are generally thought to be less dangerous than conventional tobacco products. Due to this notion, those trying to cut back on or give up smoking have an increased desire for disposable e-cigarettes, which promotes market growth.
Young generations, especially those who have never smoked conventional cigarettes, are becoming progressively used to disposable e-cigarettes. Their rising consumption has been facilitated by the sleek design, accessibility of hip tastes, and marketing initiatives aimed at this group. Moreover, the growth of the disposable e-cigarette industry has been significantly influenced by its youth-oriented appeal.
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Significant marketing efforts have been made by several brands in the disposable e-cigarette sector. Disposable e-cigarettes have gained popularity due to clever marketing strategies, eye-catching packaging, and appealing flavors. Both existing smokers and non-smokers have been drawn in by these marketing techniques, which is fueling the market’s growth.
Key Takeaways from the Disposable E-cigarettes Market Report:
The disposable e-cigarettes industry size developed at a CAGR of 9.4% from 2018 to 2022.
In 2018, the global market size stood at US$ 44,280.5 million.
The global market size stood at US$ 63,428.1 million in 2022.
The non-tobacco held a revenue share of 69.4% in 2022.
The offline segment accounted for a prominent revenue share of 78.5% in 2022.
North America accounted for a revenue share of 50.3% in 2022.
The disposable e-cigarettes market in Europe accumulated a revenue share of 32.3% in 2022.
The disposable e-cigarettes market in the Middle East & Africa is expected to accumulate a market share of 12.9% in 2023.
Recent Developments Observed by FMI:
In May 2022, one of the most renowned vaping distributors in Europe, Flawless, inked an exclusive contract with the top producer of vape disposables in China, ELF BAR, to develop the Gee600 disposable device for the United Kingdom’s vape and FMCG industries.
In April 2022, Vaptex introduced the GORIN MAX 4500 puffs adjustable airflow disposable pod, a new vape device that combines several elements of the TAKIN and GORIN brands for the benefit of all vapers.
In August 2019, VPR Brands, a world leader, and innovator in e-cigarettes and vaporizers for nicotine, cannabis, and cannabidiol (CBD), announced the re-launch of its most well-known e-cigarette brand, KRAVE, a premium alternative to cigarettes with an amazing flavor.
Key Players:
Puff Bar
JUUL Labs Inc.
British American Tobacco Plc
Imperial Brands Plc
Japan Tobacco Inc.
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