Dublin, Jan. 31, 2024 (GLOBE NEWSWIRE) -- The "North America e-Cigarette Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028" report has been added to ResearchAndMarkets.com's offering.
This research reveals significant developments within the North America e-Cigarette Market. The industry has witnessed a remarkable surge, with market size scaling to US$ 11.4 billion in 2022. Present projections anticipate a continued expansion trajectory, targeting a staggering US$ 31.3 billion by 2028, advancing at a CAGR of 18.2% during the forecast period of 2023-2028.
E-cigarettes, acknowledged as vape pens or e-vaping devices, have emerged as both a cessation aid and a popular alternative to traditional tobacco smoking. These innovative devices are drawing substantial demand across North America for their ability to deliver vaporized nicotine solutions without the harmful tar and carbon monoxide byproducts of combustion.
The market's momentum can be attributed to heightened awareness regarding the adverse health effects of tobacco smoking and the pursuit of tobacco alternatives. Additionally, technological advancements have ushered in a new generation of e-cigarettes featuring customizable nicotine levels and refillable cartridges. A diverse palette of options, ranging from traditional tobacco to exotic flavors such as mint, chocolate, and fruit infusions, has captivated a broad consumer base.
This market analysis covers key segments including product type, flavor variations, battery operation modes, and distribution channels, presenting a granular view of the e-cigarette landscape.
Vast Range of Product Types
- Modular e-Cigarette
- Rechargeable e-Cigarette
- Next-Generation e-Cigarette
- Disposable e-Cigarette
Trending Flavors Steer Consumer Preferences
- Tobacco
- Botanical
- Fruit
- Sweet
- Beverage
- Other flavors
Battery Modes: A Dual Dynamic
- Automatic e-Cigarette
- Manual e-Cigarette
Multi-Channel Distribution Fuels Accessibility
- Specialist e-Cig Shops
- Online Stores
- Supermarkets and Hypermarkets
- Tobacconist
- Other channels
This research also delves into the e-cigarette industry value chain, analyzing key drivers, challenges, and the competitive dynamics. The report uncovers the pivotal role played by strategic product placement in specialist shops, online platforms, and large retail establishments in catalyzing market expansion. Moreover, it scrutinizes the structural framework and competitive landscape, identifying major players and assessing market competition levels.
Key Attributes
| Report Attribute | Details |
| No. of Pages | 124 |
| Forecast Period | 2022-2028 |
| Estimated Market Value (USD) in 2022 | $11.4 Billion |
| Forecasted Market Value (USD) by 2028 | $31.3 Billion |
| Compound Annual Growth Rate | 18.3% |
| Regions Covered | North America |
For more information about this report visit https://www.researchandmarkets.com/r/idygtl
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