E-cigarette Market is valued at $19.8 billion in 2021 and is estimated to grow at a CAGR of 14.1 % up to $36.91 billion by 2027, between the forecast periods of 2022-2027.

e-cigarette device that has the shape of a cigarette, cigar, or pen and does not contain tobacco. It uses a battery and contains a solution of nicotine, flavorings, and other chemicals, some of which may be harmful; these are the main factors that have considerably increased the demand for the e-cigarette in the market, thereby driving the huge growth of the e-cigarette market in the upcoming years

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Market Drivers and Restraints:

The main factors that have considerably increased the demand for the e-cigarette in the market is mainly due to the rising awareness about e-cigarettes being safer than traditional cigarettes, especially among the younger population, is anticipated to further drive the market growth due to various studies carried out by medical institutions and associations. The array of customization features such as temperature control and nicotine concentrations offered by the vendors is expected to aid the product demand. Moreover, developing e-cigarette technologies such as pod systems and squonk mods have increased popularity in recent years and user adoption; these are the main factors that have considerably increased the demand for the e-cigarette in the market, thereby driving the huge growth of the e-cigarette market in the upcoming years

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Report is segmented as:

e-cigarette Market is segmented on the basis of by :

By Type (Disposable, Rechargeable and Modular Devices);
By Component (Atomizer, Vape Mod, Cartomizer and E-liquid);
By Distribution Channel (Online and Retail)
Geographical Segmentation:

North America
Europe
Asia Pacific
Latin America
Middle East & Africa
North America has the dominant share in the e-cigarette is due to the increase product sales, The growing emphasis on adopting safer alternatives to smoking is anticipated to drive the adoption of e-cigarettes and vape devices these are the main factors that have considerably increased the demand for the e-cigarette in the North America , followed by Europe, Asia Pacific, Latin America and Middle East & Africa will register a slower increase in the e-cigarette Market

Impact of COVID-19 on Market

Covid -19 pandemic has affected the growth of business of every sector and it also affected the growth of the e-cigarette market, and temporary lack of growth in export and import activities, which has impacted the rays of e-cigarette market growth. Covid-19 pandemic has impacted huge on the sales revenue of e-cigarette market. Due to the government restrictions like lockdown in many countries has shutdown the commercial and industrial establishments and also stopped in transportation these made huge loss for e-cigarette market. In recent days relaxation in restrictions by the government and people are getting vaccinated to stop the spread of corona virus.

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