Asia-Pacific E-Cigarette Market - Size, Share, Growth, Analysis and Forecast Research Report by 2024

Increasing prevalence of cancer and cardiovascular diseases related to smoking, government initiatives to curb tobacco abuse, technological advancements are the major factors leading to the high demand for e-cigarettes in the Asia-Pacific market.

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Based on product the market is categorized into cig-a-like, vaporizer and vape mode. Of all the products, cig-a-like holds the largest share in the Asia-Pacific market, owing to their lower cost. The cig-a-like e-cigarette market is further segmented into disposable and rechargeable cig-a-like. Among the two types, the market size for disposable cig-a-like is larger across the globe.

Based on distribution channel, the e-cigarette market is subdivided into supermarkets, online, vape shops, and tobacconists. In 2018, the majority of e-cigarettes were distributed through vape shops and the trend is anticipated to remain the same during the forecast period.

The aftermarket for e-cigarette holds immense opportunities for the industry players, with its market anticipated to observe the higher growth than the actual e-cigarette market.

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The key players operating in the Asia-Pacific e-cigarette market are China National Tobacco Corporation, Turning Point Brands, Inc. (International Vapor Group), British American Tobacco plc, VMR Products LLC, Altria Group Inc., Japan Tobacco Inc., Philip Morris International Inc., Imperial Brands plc, VAPETASIA, Puff E-Cig, ITC Limited, and Boluvaper Technology Co., Ltd.

Source: VynZ Research

Global E-Cigarette Market Research Report, Analysis and Forecast by 2024

On the basis of flavor, the e-cigarettes market globally is segmented into sweet, tobacco, beverage, botanical, fruit, watermelon and others. 

Among these segments, tobacco is anticipated to generate the largest revenue by 2024 since combination of menthol and tobacco in e-cigarettes help the users to quit smoking since it resembles traditional cigarette flavor. This flavor is majority contributing towards the growth of e-cigarette market across the globe.

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The growing popularity of vaping devices has led to the introduction of new flavours and fragrance. Flavours like menthol, mint, chocolate, cola and different fruits are attracting more and more customers to adapt them. This trend is expected to continue and contribute to the e-cigarette market.

Increasing awareness of the hazardous effects on health due to smoking and changing lifestyle and preferences are the key factors attributing towards growth in the e-cigarette market. The electronic cigarette is less harmful than a regular cigarette, which has resulted in the development of alternatives that have helped consumers quit traditional cigarettes.

North America dominates the e-cigarette market due to earlier advancements in the technology of this segment and increasing disposable income of citizens of countries such as the U.S. and Canada.

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Key players in e-cigarette are putting their efforts in investing into research and development activities. Many prominent players are acquiring the established business plaers to deliver next-generation products.

The prominent players in the e-cigarette market are British American Tobacco plc, Altria Group Inc., Japan Tobacco Inc., Imperial Brands plc, Philip Morris International Inc., VMR Products LLC, NJOY Inc., International Vapor Group, Vapor Hub International Inc. and FIN Branding Group LLC.

Source: VynZ Research