E-cigarette & Vaporizer Market size is poised to cross USD 46 Million by the end of 2033, growing at a CAGR of 33% during the forecast period, i.e., 2023-2033. In the year 2022, the industry size of e-cigarette & vaporizer was over USD 19 Million. The growth of the market is primarily ascribed to the increasing health problems caused by smoking cigarette. For instance, apart from nicotine, smoking tobacco poisons lungs, blood, and organs with more than 5,100 chemicals, many of which are carcinogens (chemicals that cause cancer).
E-cigarette refers to a cigarette shaped device which stimulates the experience of smoking tobacco without inhaling the tobacco. An e-cigarette consists of battery, atomizer and e-liquid. E-cigarettes help the smokers to quit smoking. Consumers prefer e-cigarettes over conventional cigarettes as it do not lead to diseases or death as compared to conventional cigarettes, and reduce the nicotine dependence. For instance, in the UK, smoking causes over 80,000 annual deaths, and thousands more have been suffering from serious illnesses.
Base Year |
2022 |
Forecast Year |
2023-2033 |
CAGR |
33% |
Base Year Market Size (2022) |
USD 19 Million |
Forecast Year Market Size (2033) |
USD 46 Million |
Growth Drivers
Challenges
Distribution Channel (Departmental Store, Specialist E-cig Shops, Online Store, Tobacconist, Pharmacy Store)
The e-cigarette & vaporizer market is segmented and analyzed for demand and supply by distribution channel into departmental store, specialist e-cig shops, online store, tobacconist, pharmacy store, and others. Out of these, the online store segment is anticipated to grow at a significant rate over the forecast period owing to the rising inclination of consumers towards online stores and online shopping, and ease of accessibility of varied types of e-cigarette and vaporizer on online store. For instance, there are approximately 3 billion online shoppers across the globe.
Our in-depth analysis of the global e-cigarette & vaporizer market includes the following segments:
By Product Type |
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By Battery Mode |
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By Flavor |
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By Distribution Channel |
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Regionally, the global e-cigarette & vaporizer market is studied into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. Amongst these markets, the market in North America is projected to hold the largest market share by the end of 2033 backed by the growing health concern, and increasing adoption of e-cigarettes and vaporizers in youngsters in the region. As per the data released by the U.S. Food and Drug Administration (FDA), In 2022, approximately 1 in 10 or more than 2.5 million middle and high school students in the United States have been using e-cigarettes.
Author Credits: Abhishek Verma, Hetal Singh
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