Global Vape Market Outlook and Forecast 2020-2025: Shift from Smoking toward Vaping / Increased Market Consolidation / Increasing Availability of Variety of E-juices


Dublin, Sept. 14, 2020 (GLOBE NEWSWIRE) -- The "Vape Market - Global Outlook and Forecast 2020-2025" report has been added to's offering.

The vape market is witnessing a shift from smoking to vaping. Veteran vapors and heavy smokers have started to switch to bulky vapor mods. It is expected that the vapor products market would be driven further by VTMs and personal vaporizers during the forecast period. Disposables and rechargeable e-cigarettes are witnessing a decline in their revenue as well as popularity worldwide as VTMs offer flexibility in terms of filling e-juices and are proving cost-effective in the long run.

Another important reason for the popularity of vapor products is the availability of different flavors in the market. The market has been witnessing the introduction of new flavors and their blends regularly, which, in turn, has been driving the growth. However, e-liquids with flavors of fruits, beverages, and sweets have been gaining share over traditional tobacco flavor. Further, many countries, such as Australia and Canada have banned nicotine-loaded vapor products. Thus, e-liquids with a variety of flavors containing zero nicotine have become popular among vapers.

Insights by Vendors

The competitive scenario in the global vape market is currently intensifying. The rapidly changing technological environment could adversely affect vendors as continual innovations and upgrades are the characteristics of this market. The present scenario is driving vendors to change and refine their unique value proposition to achieve a strong presence. The market is highly fragmented, with over 300 vendors that operate and sell e-cigarettes under different brand names across the world.

Before the entry of major tobacco players in the vaping domain, small companies are engaged in the supplying e-cigarettes. The entry of large tobacco companies poses a significant threat to small vapor products' vendors. Large companies such as Philip Morris International, Altria Group, British American Tobacco, Imperial Tobacco, and Japan Tobacco International are all set to explore the market worldwide.

Key Topics Covered:

1 Research Methodology

2 Research Objectives

3 Research Process

4 Scope & Coverage
4.1 Market Definition
4.2 Base Year
4.3 Scope of The Study
4.4 Market Segments

5 Report Assumptions & Caveats
5.1 Key Caveats
5.2 Currency Conversion
5.3 Market Terminologies
5.4 Pricing Assumptions
5.5 Market Size Derivation

6 Market at a Glance

7 Introduction
7.1 Overview
7.2 Working Mechanism of Vape Product Systems
7.2.1 E-vapor Products
7.2.2 HnB Tobacco Products
7.3 E-Liquids
7.3.1 Ingredient Overview
7.3.2 Vegetable Glycerin (VG)
7.3.3 Propylene Glycol (PG)
7.3.4 Flavorings
7.3.5 Nicotine
7.3.6 Distilled Water
7.4 Macroeconomic Factors Enabling Market Growth
7.4.1 Economic Development
7.4.2 Per Capita GDP in Developing Markets
7.4.3 Dual-income Households in Developed Markets

8 Market Dynamics
8.1 Market Growth Enablers
8.1.1 Shifting Consumer Perception of Smoking Combustible Cigarettes
8.1.2 Increasing Availability of Variety of E-Juices
8.1.3 Growing Distribution Network
8.2 Market Restraints
8.2.1 Stringent Government Regulations
8.2.2 Increasing Protectionist Directives and Measures
8.2.3 Increased Concerns over Vaping Effects on Human Health
8.3 Market Opportunities And Trends
8.3.1 Shift from Smoking toward Vaping
8.3.2 Increased Market Consolidation
8.3.3 Increasing Marketing & Promotional Efforts

9 Value Chain Analysis
9.1 Overview
9.2 Value Chain Analysis
9.2.1 Raw Materials Suppliers
9.2.2 Manufacturers
9.2.3 Dealers/Distributors/Retailers
9.2.4 End-users

10 Market Landscape
10.1 Market Overview
10.1.1 Historical Data 20152018
10.1.2 Market Size & Forecast
10.2 Health Concern Analysis
10.2.1 Overview
10.2.2 Negative Reviews
10.2.3 Positive Reviews
10.3 Five Forces Analysis
10.3.1 Threat of New Entrants
10.3.2 Bargaining Power of Suppliers
10.3.3 Bargaining Power of Buyers
10.3.4 Threat of Substitutes
10.3.5 Competitive Rivalry

11 Vape Market By Product
11.1 Market Snapshot & Growth Engine
11.2 Market Overview

12 E-Vapor Market
12.1 Market Overview
12.1.1 Market Size & Forecast
12.1.2 Market by Geography

13 E-Vapor Product
13.1 Market Snapshot & Growth Engine
13.2 E-Liquids
13.3 Open Tank Systems/VTMS
13.4 Cig-a-Likes
13.5 Closed Tanks Systems (Pre-Filled Capsule Systems)
13.6 Consumables

14 HNB Tobacco Market

15 HNB Tobacco Product
15.1 Market Snapshot & Growth Engine
15.2 Global HNB Tobacco Devices
15.3 HNB Tobacco Device by Product
15.4 HNB Tobacco Vapor Device by Product
15.5 Global HNB Tobacco Consumables
15.6 HNB Tobacco Consumables by Sub-Products

16 Vape Market by Distribution Channels
16.1 Market Overview
16.2 Manufacturing, Production, & Distribution
16.3 Distribution Through Retail Stores
16.4 Distribution Through Online Websites
16.5 Shifting Manufacturing Bases
16.6 Product Distribution: Combustible Cigarettes Vis--Vis E-Vapor & HNB Tobacco

17 Vape Market by Geography

Key Company Profiles

Key Vendors

  • Altria Group
  • British American Tobacco (BAT)
  • Imperial Brands
  • Japan Tobacco International (JTI)
  • Philip Morris International (PMI)

Other Vendors

  • RJ Reynolds Vapor Company (RJRVC)
  • Ballantyne Brands
  • CB Distributors
  • ECIG (Formerly known as Victory Electronic Cigarettes)
  • Gamucci
  • Gilla
  • International Vapor Group
  • Joyetech Co.
  • KangerTech Technology
  • Mainstream Cannabis Innovations Group (mCig Group)
  • Nicotek
  • NJOY
  • PAX Labs
  • RR Chemicals
  • Totally Wicked E-liquid
  • Vape Holdings
  • Vapor Hub International
  • VPR Brands
  • White Cloud (Leads by Sales)
  • XEO International
  • KT&G (Korea Tomorrow& Global Corporation)
  • Shenzhen AVBAD Technology Company Ltd.
  • Vapor Tobacco Manufacturing
  • Shenzhen Royal Tobacco Industrial Limited (Royal Tobacco)
  • Jouz
  • Shenzhen Yukan Intelligent Technology Co. Ltd.
  • Sichuan China Tobacco Industry Co. Ltd.
  • Marvel International Tobacco Group

For more information about this report visit


Contact Data