E-Cigarette Market Size and Growth 2031

E-Cigarette Market Size and Forecast (2021-2031), Trend, and Growth Opportunity Analysis Report Coverage: by Product Type (Modular, Rechargeable, and Disposable), Category Type (Tobacco and Non-Tobacco Distribution Channel [Online and Offline (Specialty E-Cig Shops, Supermarket and Hypermarket, and Others)] and Geography

  • Report Date : Jul 2025
  • Report Code : TIPEL00002686
  • Category : Electronics and Semiconductor
  • Status : Published
  • Available Report Formats : pdf-format excel-format
  • No. of Pages : 289

The E-Cigarette Market size is projected to reach US$ 52.13 billion by 2031 from US$ 25.51 billion in 2024. The market is expected to register a CAGR of 10.8% during 2025–2031.

E-Cigarette Market Analysis

The global e-cigarette market has witnessed remarkable growth over the years, and it continues to expand at a steady pace. Increasing awareness of the harmful effects of traditional smoking and a shift toward alternatives have fueled demand. Despite facing regulatory hurdles in several regions, the market has shown resilience, supported by product innovation, a surge in retail penetration, and the rise of online sales channels. Several factors are shaping the trajectory of the e-cigarette market. Growth drivers include rising health awareness among consumers, which encourages the shift from conventional smoking to perceived safer alternatives such as e-cigarettes. Additionally, changing consumer preferences—especially among millennials and Gen Z—toward customization and products that fit in modern lifestyles have propelled the demand.

E-Cigarette Market Overview

E-cigarettes, also known as electronic nicotine delivery systems (ENDS), are battery-operated devices that simulate the act of smoking. Unlike traditional cigarettes, e-cigarettes do not burn tobacco; instead, they aid the vaporization of liquid solutions, which often contain nicotine, flavorings, and other chemicals, to produce an aerosol or “vapor” that users inhale. These devices have evolved significantly over the past decade, transitioning from simple disposable products to advanced vape pens, pod systems, and modifiable personal vaporizers. Initially marketed as a smoking cessation tool, e-cigarettes have rapidly gained popularity, especially among younger consumers, due to their sleek designs, variety of flavors, and perceived health advantages over combustible tobacco.

Customize Research To Suit Your Requirement

We can optimize and tailor the analysis and scope which is unmet through our standard offerings. This flexibility will help you gain the exact information needed for your business planning and decision making.

E-Cigarette Market: Strategic Insights

e-cigarette-market
Analyst Image

Naveen

Have a question?

Naveen will walk you through a 15-minute call to present the report’s content and answer all queries if you have any.

Analyst Image  Speak to Analyst

E-Cigarette Market Drivers and Opportunities

Market Drivers:

  • Health Perception Compared to Traditional Smoking

    Many consumers view e-cigarettes as a safer alternative to traditional tobacco products, which drives demand, especially among health-conscious smokers looking to reduce harm.
  • Technological Advancements

    Innovations such as customizable vape devices, longer battery life, and flavored e-liquids enhance user experience and attract tech-savvy consumers.
  • Youth and Lifestyle Trends

    E-cigarettes are often marketed as modern and stylish, appealing to younger demographics through sleek designs, social media presence, and trendy flavors.
  • Regulatory Support and Tobacco Harm Reduction Policies

    In some regions, government support for harm reduction and less stringent regulations on e-cigarettes (compared to tobacco) boost market growth.
  • Retail Expansion and Online Sales Channels

    Wider availability through vape shops, convenience stores, and e-commerce platforms makes e-cigarettes more accessible, increasing overall sales

Market Opportunities:

  • Emerging Markets Expansion

    Growth potential is high in developing regions where smoking rates are high, and e-cigarette awareness is increasing.
  • Product Innovation and Customization

    There is a strong opportunity for companies to develop advanced, personalized vaping devices, including smart vapes, eco-friendly options, and nicotine-free products.
  • Rising Demand for Tobacco Alternatives

    As more consumers seek to quit smoking or switch to less harmful alternatives, demand for e-cigarettes and related products like nicotine salts and pods is expected to grow.
  • Health & Wellness Branding

    Marketing e-cigarettes as part of a harm-reduction or wellness strategy (e.g., smoking cessation aids) can attract more health-conscious consumers.
  • Flaored and Organic E-liquids

    Increasing consumer interest in unique, natural, or organic flavor options presents opportunities for manufacturers to differentiate and capture niche segments.

E-Cigarette Market Report Segmentation Analysis

The E-Cigarette market is divided into different segments to give a clearer view of how it works, its growth potential, and the latest trends. Below is the standard segmentation approach used in most industry reports:

By Type:

  • Modular:

    Customizable e-cigarettes allowing users to adjust power, temperature, and components.
  • Rechargeable:

    E-cigarettes with refillable cartridges and rechargeable batteries, offering cost-effectiveness and sustainability.
  • Disposable:

    Single-use e-cigarettes pre-filled with e-liquid, designed for convenience and ease of use.

By Category:

  • Tobacco:

    E-cigarettes containing tobacco-flavored or nicotine-based e-liquids.
  • Non-Tobacco:

    E-cigarettes with non-tobacco flavors, including fruity, menthol, or dessert options, often preferred by younger users.

By Distribution Channel:

  • Online
  • Offline

By Geography:

  • North America
  • Europe
  • Asia Pacific
  • Middle East & Africa
  • South and Central America

The E-Cigarette market in Asia Pacific is expected to witness the fastest growth. Rising smoking population and shift to alternatives.

E-Cigarette Market Report Scope

E-Cigarette Market Share Analysis by Geography

Asia Pacific is expected to grow the fastest in the next few years. Emerging markets in South & Central America, the Middle East, and Africa also have many untapped opportunities for E-Cigarette providers to expand.

The E-Cigarette market grows differently in each region. This is because of factors like technological advancements, increased online and offline availability, higher disposable income and urbanization, among others . Below is a summary of market share and trends by region:

1. North America

  • Market Share:

    Holds a significant portion of the global market
  • Key Drivers:

    • Early adoption of vaping culture
    • Strong presence of key market players and established distribution channels
    • High consumer awareness and demand for innovative e-cigarettes
  • Trends:

    Continued demand for customizable and nicotine-free options, growing regulation on flavors, and expansion of online vape product sales.

2. Europe

  • Market Share:

    Substantial share due to strict regulatory frameworks
  • Key Drivers:

    • Supportive government stance on tobacco harm reduction
    • High smoking rates prompting demand for alternatives
    • Strict regulation ensuring product quality and consumer safety
  • Trends:

    Rise in demand for heat-not-burn products, increasing preference for premium e-liquids, and growing presence of pharmacy retail distribution.

3. Asia Pacific

  • Market Share:

    Emerging as one of the fastest-growing regions in the global E-Cigarette
  • Key Drivers:

    • Rising smoking population and health awareness
    • Rapid urbanization and increase in disposable income
    • xpanding vape retail presence
  • Trends:

    Surge in online sales channels, rising youth interest in flavored e-cigarettes, and emerging domestic brands competing with global players.

4. South and Central America

  • Market Share:

    Steadily growing E-Cigarette with increasing regulatory focus across the region
  • Key Drivers:

    • Shift from traditional smoking to alternatives
    • Greater product availability and expanding retail infrastructure
    • Youth interest in trendy and flavored vape products
  • Trends:

    Growth in vape lounges and specialty stores, increased awareness campaigns, and gradual regulatory development across countries.

5. Middle East and Africa

  • Market Share:

    Smaller share but with strong growth potential.
  • Key Drivers:

    • Rising awareness of smoking-related health risks
    •  Urban lifestyle shifts and growing expatriate population
  • Trends:

    Uptick in demand for disposable e-cigarettes, growth of travel retail sales, and government focus on regulating nicotine products..

E-Cigarette Market Players Density: Understanding Its Impact on Business Dynamics

 

High Market Density and Competition

Competition is strong due to the presence of established players such as Accenture Plc; ACI Worldwide Inc; BAE Systems Plc; EastNets; Open Text Corp; Oracle Corp; Nasdaq Inc; SAS Institute Inc; NICE Ltd; LexisNexis Risk Solutions Group; Assent Business Technology, Inc.; Ascent Technologies, Inc.; and Fiserv Inc.are also adding to the competitive landscape across different regions.

This high level of competition urges companies to stand out by offering:

  • Innovative product designs including modular and rechargeable devices
  • Wide variety of flavors and nicotine strengths to cater to diverse consumer preferences
  • Integration with mobile apps for usage tracking, customization, and safety alerts
  • Sustainable and eco-friendly options, such as recyclable or biodegradable components

Opportunities and Strategic Moves

  • Expanding distribution networks through both online and offline retail channels to enhance market reach
  • Investing in R&D to develop next-gen vaping technologies, including smart devices and health-focused alternatives
  • Targeting emerging markets with affordable product lines and localized marketing campaigns
  • Collaborating with health agencies to position e-cigarettes as part of tobacco harm-reduction programs
 

Major Companies operating in the E-Cigarette Market are:

  • JT International SA (Switzerland)
  • NJOY, LLC (US)
  • Philip Morris International Inc. (US)
  • SAS J WELL FRANCE (France)
  • Imperial Brands Plc (UK)
  • British American Tobacco Plc (UK)
  • KIWI (Vapour Italia S.r.l.) (Italy)
  • ELFBAR (Italy)
  • Dinner Lady Fam Ltd. (UK)
  • LEM (INIMEX Srl) (Italy)
  • LIK BAR (SIGEL Srl) (Italy)
  • COOLPLAY (China)
  • ELUX (Dongguan Topson Electronic Technology Co., Ltd) (China)
  • ALD Group Limited (China)
  • Eleaf (China)

Disclaimer: The companies listed above are not ranked in any particular order.

Other companies analysed during the course of research:

  1. Shenzhen Kanger Technology Co., Ltd
  2. Halo Cigs
  3. InnokinTechnology
  4. VAPORESSO
  5. Joyetech Group
  6. Geekvape
  7. RELX Ⅱ HK Limitied
  8. Shenzhen Qianying Technology Co., Ltd.
  9. VaporFi
  10. SMOK (HONG KONG IVPS INTERNATIONAL LIMITED)
  11. Ecigator vape factory
  12. JSB Vape
  13. BAE Vapor
  14. VapeX
  15. Zest Vape Co
  16. Elite Vape Co.
  17. Royal Vapes
  18. VapeWorld India
  19. GreenLeaf Vapes
  20. InnoVape

E-Cigarette Market News and Recent Developments

The US Food and Drug Administration (FDA) authorized the marketing of e-cigarette products

The US Food and Drug Administration (FDA) authorized the marketing of seven e-cigarette products in the US through the premarket tobacco product application (PMTA) pathway. Following an extensive scientific review, the FDA issued marketing granted orders to R.J. Reynolds Vapor Company for the Vuse Alto Power Unit and six Vuse Alto tobacco-flavored pods.

Philip Morris Limited (PML) Announced Product Expansion

Philip Morris Limited (PML), the UK and Ireland affiliate of Philip Morris International (PMI), announced the expansion of its VEEV ONE flavor range with the launch of two new flavors—Sour Apple and Cherry. VEEV ONE Cherry offers intense cherry aroma notes in a refreshing vaping experience, whilst VEEV ONE Sour Apple offers a mix of sour green apple aromas in a refreshing vaping experience. 

E-Cigarette Market Report Coverage and Deliverables

The "E-Cigarette Market Size and Forecast (2021–2031)" report provides a detailed analysis of the market covering below areas:

  • E-Cigarette Market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
  • E-Cigarette Market trends, as well as market dynamics such as drivers, restraints, and key opportunities
  • Detailed PEST and SWOT analysis
  • E-Cigarette Market analysis covering key market trends, global and regional framework, major players, regulations, and recent market developments
  • Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments for the E-Cigarette Market
  • Detailed company profiles
Report Coverage
Report Coverage

Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends

Segment Covered
Segment Covered

This text is related
to segments covered.

Regional Scope
Regional Scope

North America, Europe, Asia Pacific, Middle East & Africa, South & Central America

Country Scope
Country Scope

This text is related
to country scope.

Frequently Asked Questions


How are retailers and online platforms shaping the e-cigarette market?

Online platforms help brands reach wider audiences and offer subscription services, promotions, and discreet purchases.

What role does pricing play in consumer adoption?

Competitive pricing makes e-cigarettes more accessible, especially to smokers switching from traditional tobacco, boosting market growth.

Which are the leading players operating in the global e-cigarette market?

JT International SA, NJOY, LLC, Philip Morris International Inc., Imperial Brands Plc, and British American Tobacco Plc are major players in the market.

How is the demand for disposable e-cigarettes changing?

The demand is rising due to their convenience, affordability, and appeal to first-time users and casual vapers.

How are retailers and online platforms shaping the e-cigarette market?

Retailers provide in-person assistance and product trials, driving impulse purchases and brand loyalty.

What are the driving factors impacting the global e-cigarette market?

Shift in consumer preference from traditional smoking to newer methods and mounting popularity among youth are the factors driving the market growth.

What is the expected CAGR of the global E-Cigarette market?

The market is anticipated to expand at a CAGR of 10.7% during 2023-2031.

What would be the estimated value of the global e-cigarette market by 2031?

The market is expected to reach a value of US$ 52.13 billion by 2031.

What are the future trends of the global e-cigarette market?

Smart vapes and IoT integration are major trends in the market.

How are retailers and online platforms shaping the e-cigarette market?

They enhance accessibility, offer product variety, and support consumer education through reviews and product comparisons.

1. Introduction

1.1 Report Guidance

1.2 Market Segmentation

2. Executive Summary

2.1 Analyst Market Outlook

2.2 Market Attractiveness

3. Research Methodology

3.1 Secondary Research

3.2 Primary Research

3.2.1 Hypothesis formulation:

3.2.2 Macro-economic factor analysis:

3.2.3 Developing base number:

3.2.4 Data Triangulation:

3.2.5 Country level data:

3.3 Assumptions and Limitations

4. E-Cigarette Market Landscape

4.1 Overview

4.2 Market Entry Barriers & Compliance

4.2.1 Cost/time matrix for entering key markets

4.2.2 Porter’s Five Forces Analysis

4.2.2.1 Threat of New Entrants

4.2.2.2 Bargaining Power of Supplier Power

4.2.2.3 Bargaining Power of Buyer

4.2.2.4 Threat of Substitutes

4.2.2.5 Competitive Rivals

4.2.3 Product Registration Costs (By key country)

4.2.4 Testing & Certification Requirements:

4.2.4.1 EMSA (EU), FDA (US), CCC (China) compliance

4.2.4.2 Nicotine testing, ingredient disclosure, packaging laws

4.2.5 Customs and Import Barriers

4.2.5.1 Bonded Warehouses in EU

4.2.5.2 Local manufacturing incentives vs. import bans

4.2.6 Typical Approval Timelines: Fast-track (UK, Germany) vs. slow (US PMTA, Australia)

4.3 Distribution and Logistics Outlook

4.3.1 Focus: E-commerce, retail strategies, and supply chain hurdles

4.3.2 Retail Strategy Optimization in Volatile Regulatory Environment

4.3.3 Supply Chain Vulnerabilities and Resilience Tactics

4.3.4 Distribution channel attractiveness ranking

4.3.5 Logistics cost comparison

4.3.6 Logistics Cost Comparison for E-Cigarette Distribution Channels

4.3.7 E-Commerce Restrictions

4.3.7.1 Bans (India, Australia) vs. regulated sales (UK, Germany)

4.3.7.1.1 India – Blanket Ban on E-Cigarettes

4.3.7.1.1.1 Regulatory Rationale and Policy Drivers:

4.3.7.1.1.2 Enforcement Mechanism and Legal Implications:

4.3.7.1.1.3 Market and Business Implications:

4.3.7.1.2 Australia – Prescription-Only Access

4.3.7.1.2.1 Regulatory Framework and Classification:

4.3.7.1.2.2 Regulatory Intent and Policy Drivers:

4.3.7.2 Age verification tech (EU’s “Gatekeeper” laws)

4.3.7.3 Regulatory Context: EU "Gatekeeper" Framework and Youth Protection

4.3.7.4 Age Verification Technology: Strategic Imperative for E-Cigarette Businesses

4.3.7.4.1 Key Technologies in Use

4.3.7.5 Strategic Impact on E-Cigarette Operators

4.3.7.5.1 Compliance and Market Access

4.3.7.5.2 Operational and Cost Considerations

4.3.7.5.3 Trust and Brand Equity

4.3.7.6 Bonded Warehouses (EU)

4.3.7.6.1 Strategic Importance of Bonded Warehouses

4.3.7.6.2 Regulatory Compliance and Risk Mitigation

4.3.7.6.3 Supply Chain Optimization

4.3.7.6.4 Market Responsiveness and Scalability

4.3.7.6.5 Risk Considerations

4.3.7.6.6 Competitive Differentiator

4.3.7.6.7 Conclusion

4.3.8 Retail Strategies:

4.3.8.1 Specialty vape shops (UK, US) vs. convenience stores (Japan)

4.3.8.2 Pharmacy sales (Australia) vs. illicit markets (Brazil)

4.4 Ecosystem Analysis

4.4.1 Upstream Industry Chain:

4.4.1.1 Chip Design Manufacturers

4.4.1.2 Smoke Oil Manufacturers

4.4.1.3 Battery Manufacturers

4.4.1.4 Accessory Manufacturers

4.4.1.5 Hardware and Plastics Manufacturers

4.4.2 Midstream Industry Chain:

4.4.2.1 E-Cigarette Device Manufacturers

4.4.3 Downstream of the Industry Chain

4.4.3.1 Distributors & Retailers

4.4.3.2 Regulatory bodies

4.4.3.3 End Users:

4.4.4 List of Vendors in the Value Chain

4.5 Excise duties, anti-smoking laws, and global policy trends

4.5.1 Excise duty forecasts (2024–2027)

4.5.1.1 National Level E-Cigarette Excise Tax Policy by Country, as of July 2022

4.5.2 Taxation and Excise Duty Analysis on E-Cigarettes by Country

4.5.3 Policy Heatmap For E-Cigarette Market: High Risk vs Stable Market Conditions

4.6 Consumer Insights

4.6.1 Psychographics profile, by region/key country

4.6.2 Regional Preferences: Disposables vs. refillable

4.6.3 Socioeconomic Trends: Youth vaping vs. older smokers quitting

4.7 Regional Regulatory Outlook

4.7.1 US (PMTA requirements, state-level bans, flavor restrictions, taxation)

4.7.1.1 State-Level Bans

4.7.1.2 Flavor Restrictions

4.7.1.3 Taxation

4.7.2 Canada (Nicotine cap, provincial regulations)

4.7.2.1 Nicotine Cap

4.7.2.2 Provincial Regulations

4.7.3 EU TPD compliance (Germany, France, Italy, Spain, Poland)

4.7.4 UK (Post-Brexit regulations, vaping vs. heated tobacco policies)

4.7.4.1 Post-Brexit Regulations

4.7.4.2 Vaping vs Heated Tobacco Policies

4.7.5 China (Licensing, export-focused vs. domestic market rules)

4.7.5.1 Licensing

4.7.5.2 Export-Focused Vs. Domestic Market Rules

4.7.6 India (State-level bans, potential future regulations)

4.7.6.1 State-level bans

4.7.6.2 Potential Future Regulations

4.7.7 Australia (Prescription-only nicotine, black market risks)

4.7.7.1 Prescription-only nicotine

4.7.7.2 Black Market Risks

4.7.8 Brazil (ANVISA ban status, illicit trade)

4.7.8.1 ANVISA ban status

4.7.8.2 Illicit trade

4.7.9 Mexico (Recent restrictions)

4.7.10 Saudi Arabia, UAE (Regulated sales, taxation)

4.7.10.1 UAE

5. E-Cigarette Market – Key Market Dynamics

5.1 E-Cigarette Market – Key Market Dynamics

5.2 Market Drivers

5.2.1 Shift in Consumer Preference from Traditional Smoking to Newer Methods

5.2.2 Mounting Popularity Among Youth

5.3 Market Restraints

5.3.1 Regulatory Scrutiny and Bans

5.3.2 Health Concerns and Public Perception

5.4 Market Opportunities

5.4.1 Product Innovations and Technological Advancements

5.4.2 Emergence of Subscription Services

5.5 Future Trends

5.5.1 Smart Vapes and IoT Integration

5.6 Impact of Drivers and Restraints:

6. E-Cigarette Market – Global Market Analysis

6.1 E-Cigarette Market Revenue (US$ Million), 2021–2031

6.2 E-Cigarette Market Forecast Analysis

7. E-Cigarette Market Analysis – by Product Type

7.1 Modular

7.1.1 Overview

7.1.2 Modular: E-Cigarette Market – Revenue and Forecast to 2031 (US$ Million)

7.2 Rechargeable

7.2.1 Overview

7.2.2 Rechargeable: E-Cigarette Market – Revenue and Forecast to 2031 (US$ Million)

7.3 Disposable

7.3.1 Overview

7.3.2 Disposable: E-Cigarette Market – Revenue and Forecast to 2031 (US$ Million)

8. E-Cigarette Market Analysis – by Category Type

8.1 Tobacco

8.1.1 Overview

8.1.2 Tobacco: E-Cigarette Market – Revenue and Forecast to 2031 (US$ Million)

8.2 Non-Tobacco

8.2.1 Overview

8.2.2 Non-Tobacco: E-Cigarette Market – Revenue and Forecast to 2031 (US$ Million)

9. E-Cigarette Market Analysis – by Distribution Channel

9.1 Online

9.1.1 Overview

9.1.2 Online: E-Cigarette Market – Revenue and Forecast to 2031 (US$ Million)

9.2 Offline

9.2.1 Overview

9.2.2 Offline: E-Cigarette Market – Revenue and Forecast to 2031 (US$ Million)

10. E-Cigarette Market Analysis – by Offline Distribution Channel

10.1 Specialty E-Cig Shops

10.1.1 Overview

10.1.2 Specialty E-Cig Shops: E-Cigarette Market – Revenue and Forecast to 2031 (US$ Million)

10.2 Supermarket and Hypermarket

10.2.1 Overview

10.2.2 Supermarket and Hypermarket: E-Cigarette Market – Revenue and Forecast to 2031 (US$ Million)

10.3 Others

10.3.1 Overview

10.3.2 Others: E-Cigarette Market – Revenue and Forecast to 2031 (US$ Million)

11. E-Cigarette Market – Geographical Analysis

11.1 Overview

11.2 North America

11.2.1 North America E-Cigarette Market Overview

11.2.2 North America: E-Cigarette Market – Revenue, 2021–2031 (US$ Million)

11.2.3 North America: E-Cigarette Market Breakdown, by Product Type

11.2.3.1 North America: E-Cigarette Market – Revenue and Forecast Analysis – by Product Type

11.2.4 North America: E-Cigarette Market Breakdown, by Category Type

11.2.4.1 North America: E-Cigarette Market – Revenue and Forecast Analysis – by Category Type

11.2.5 North America: E-Cigarette Market Breakdown, by Distribution Channel

11.2.5.1 North America: E-Cigarette Market – Revenue and Forecast Analysis – by Distribution Channel

11.2.6 North America: E-Cigarette Market Breakdown, by Offline Distribution Channel

11.2.6.1 North America: E-Cigarette Market – Revenue and Forecast Analysis – by Offline Distribution Channel

11.2.7 North America: E-Cigarette Market – Revenue and Forecast Analysis – by Country

11.2.7.1 North America: E-Cigarette Market – Revenue and Forecast Analysis – by Country

11.2.7.2 United States: E-Cigarette Market – Revenue and Forecast, 2021–2031 (US$ Million)

11.2.7.2.1 United States: E-Cigarette Market Breakdown, by Product Type

11.2.7.2.2 United States: E-Cigarette Market Breakdown, by Category Type

11.2.7.2.3 United States: E-Cigarette Market Breakdown, by Distribution Channel

11.2.7.2.4 United States: E-Cigarette Market Breakdown, by Offline Distribution Channel

11.2.7.3 Canada: E-Cigarette Market – Revenue and Forecast, 2021–2031 (US$ Million)

11.2.7.3.1 Canada: E-Cigarette Market Breakdown, by Product Type

11.2.7.3.2 Canada: E-Cigarette Market Breakdown, by Category Type

11.2.7.3.3 Canada: E-Cigarette Market Breakdown, by Distribution Channel

11.2.7.3.4 Canada: E-Cigarette Market Breakdown, by Offline Distribution Channel

11.2.7.4 Mexico: E-Cigarette Market – Revenue and Forecast, 2021–2031 (US$ Million)

11.2.7.4.1 Mexico: E-Cigarette Market Breakdown, by Product Type

11.2.7.4.2 Mexico: E-Cigarette Market Breakdown, by Category Type

11.2.7.4.3 Mexico: E-Cigarette Market Breakdown, by Distribution Channel

11.2.7.4.4 Mexico: E-Cigarette Market Breakdown, by Offline Distribution Channel

11.3 Europe

11.3.1 Europe E-Cigarette Market Overview

11.3.2 Europe: E-Cigarette Market – Revenue, 2021–2031 (US$ Million)

11.3.3 Europe: E-Cigarette Market Breakdown, by Product Type

11.3.3.1 Europe: E-Cigarette Market – Revenue and Forecast Analysis – by Product Type

11.3.4 Europe: E-Cigarette Market Breakdown, by Category Type

11.3.4.1 Europe: E-Cigarette Market – Revenue and Forecast Analysis – by Category Type

11.3.5 Europe: E-Cigarette Market Breakdown, by Distribution Channel

11.3.5.1 Europe: E-Cigarette Market – Revenue and Forecast Analysis – by Distribution Channel

11.3.6 Europe: E-Cigarette Market Breakdown, by Offline Distribution Channel

11.3.6.1 Europe: E-Cigarette Market – Revenue and Forecast Analysis – by Offline Distribution Channel

11.3.7 Europe: E-Cigarette Market – Revenue and Forecast Analysis – by Country

11.3.7.1 Europe: E-Cigarette Market – Revenue and Forecast Analysis – by Country

11.3.7.2 Germany: E-Cigarette Market – Revenue and Forecast, 2021–2031 (US$ Million)

11.3.7.2.1 Germany: E-Cigarette Market Breakdown, by Product Type

11.3.7.2.2 Germany: E-Cigarette Market Breakdown, by Category Type

11.3.7.2.3 Germany: E-Cigarette Market Breakdown, by Distribution Channel

11.3.7.2.4 Germany: E-Cigarette Market Breakdown, by Offline Distribution Channel

11.3.7.3 United Kingdom: E-Cigarette Market – Revenue and Forecast, 2021–2031 (US$ Million)

11.3.7.3.1 United Kingdom: E-Cigarette Market Breakdown, by Product Type

11.3.7.3.2 United Kingdom: E-Cigarette Market Breakdown, by Category Type

11.3.7.3.3 United Kingdom: E-Cigarette Market Breakdown, by Distribution Channel

11.3.7.3.4 United Kingdom: E-Cigarette Market Breakdown, by Offline Distribution Channel

11.3.7.4 France: E-Cigarette Market – Revenue and Forecast, 2021–2031 (US$ Million)

11.3.7.4.1 France: E-Cigarette Market Breakdown, by Product Type

11.3.7.4.2 France: E-Cigarette Market Breakdown, by Category Type

11.3.7.4.3 France: E-Cigarette Market Breakdown, by Distribution Channel

11.3.7.4.4 France: E-Cigarette Market Breakdown, by Offline Distribution Channel

11.3.7.5 Italy: E-Cigarette Market – Revenue and Forecast, 2021–2031 (US$ Million)

11.3.7.5.1 Italy: E-Cigarette Market Breakdown, by Product Type

11.3.7.5.2 Italy: E-Cigarette Market Breakdown, by Category Type

11.3.7.5.3 Italy: E-Cigarette Market Breakdown, by Distribution Channel

11.3.7.5.4 Italy: E-Cigarette Market Breakdown, by Offline Distribution Channel

11.3.7.6 Russia: E-Cigarette Market – Revenue and Forecast, 2021–2031 (US$ Million)

11.3.7.6.1 Russia: E-Cigarette Market Breakdown, by Product Type

11.3.7.6.2 Russia: E-Cigarette Market Breakdown, by Category Type

11.3.7.6.3 Russia: E-Cigarette Market Breakdown, by Distribution Channel

11.3.7.6.4 Russia: E-Cigarette Market Breakdown, by Offline Distribution Channel

11.3.7.7 Rest of Europe: E-Cigarette Market – Revenue and Forecast, 2021–2031 (US$ Million)

11.3.7.7.1 Rest of Europe: E-Cigarette Market Breakdown, by Product Type

11.3.7.7.2 Rest of Europe: E-Cigarette Market Breakdown, by Category Type

11.3.7.7.3 Rest of Europe: E-Cigarette Market Breakdown, by Distribution Channel

11.3.7.7.4 Rest of Europe: E-Cigarette Market Breakdown, by Offline Distribution Channel

11.4 Asia Pacific

11.4.1 Asia Pacific E-Cigarette Market Overview

11.4.2 Asia Pacific: E-Cigarette Market – Revenue, 2021–2031 (US$ Million)

11.4.3 Asia Pacific: E-Cigarette Market Breakdown, by Product Type

11.4.3.1 Asia Pacific: E-Cigarette Market – Revenue and Forecast Analysis – by Product Type

11.4.4 Asia Pacific: E-Cigarette Market Breakdown, by Category Type

11.4.4.1 Asia Pacific: E-Cigarette Market – Revenue and Forecast Analysis – by Category Type

11.4.5 Asia Pacific: E-Cigarette Market Breakdown, by Distribution Channel

11.4.5.1 Asia Pacific: E-Cigarette Market – Revenue and Forecast Analysis – by Distribution Channel

11.4.6 Asia Pacific: E-Cigarette Market Breakdown, by Offline Distribution Channel

11.4.6.1 Asia Pacific: E-Cigarette Market – Revenue and Forecast Analysis – by Offline Distribution Channel

11.4.7 Asia Pacific: E-Cigarette Market – Revenue and Forecast Analysis – by Country

11.4.7.1 Asia Pacific: E-Cigarette Market – Revenue and Forecast Analysis – by Country

11.4.7.2 China: E-Cigarette Market – Revenue and Forecast, 2021–2031 (US$ Million)

11.4.7.2.1 China: E-Cigarette Market Breakdown, by Product Type

11.4.7.2.2 China: E-Cigarette Market Breakdown, by Category Type

11.4.7.2.3 China: E-Cigarette Market Breakdown, by Distribution Channel

11.4.7.2.4 China: E-Cigarette Market Breakdown, by Offline Distribution Channel

11.4.7.3 Japan: E-Cigarette Market – Revenue and Forecast, 2021–2031 (US$ Million)

11.4.7.3.1 Japan: E-Cigarette Market Breakdown, by Product Type

11.4.7.3.2 Japan: E-Cigarette Market Breakdown, by Category Type

11.4.7.3.3 Japan: E-Cigarette Market Breakdown, by Distribution Channel

11.4.7.3.4 Japan: E-Cigarette Market Breakdown, by Offline Distribution Channel

11.4.7.4 South Korea: E-Cigarette Market – Revenue and Forecast, 2021–2031 (US$ Million)

11.4.7.4.1 South Korea: E-Cigarette Market Breakdown, by Product Type

11.4.7.4.2 South Korea: E-Cigarette Market Breakdown, by Category Type

11.4.7.4.3 South Korea: E-Cigarette Market Breakdown, by Distribution Channel

11.4.7.4.4 South Korea: E-Cigarette Market Breakdown, by Offline Distribution Channel

11.4.7.5 Australia: E-Cigarette Market – Revenue and Forecast, 2021–2031 (US$ Million)

11.4.7.5.1 Australia: E-Cigarette Market Breakdown, by Product Type

11.4.7.5.2 Australia: E-Cigarette Market Breakdown, by Category Type

11.4.7.5.3 Australia: E-Cigarette Market Breakdown, by Distribution Channel

11.4.7.5.4 Australia: E-Cigarette Market Breakdown, by Offline Distribution Channel

11.4.7.6 Rest of APAC: E-Cigarette Market – Revenue and Forecast, 2021–2031 (US$ Million)

11.4.7.6.1 Rest of APAC: E-Cigarette Market Breakdown, by Product Type

11.4.7.6.2 Rest of APAC: E-Cigarette Market Breakdown, by Category Type

11.4.7.6.3 Rest of APAC: E-Cigarette Market Breakdown, by Distribution Channel

11.4.7.6.4 Rest of APAC: E-Cigarette Market Breakdown, by Offline Distribution Channel

11.5 Middle East and Africa

11.5.1 Middle East and Africa E-Cigarette Market Overview

11.5.2 Middle East and Africa: E-Cigarette Market – Revenue, 2021–2031 (US$ Million)

11.5.3 Middle East and Africa: E-Cigarette Market Breakdown, by Product Type

11.5.3.1 Middle East and Africa: E-Cigarette Market – Revenue and Forecast Analysis – by Product Type

11.5.4 Middle East and Africa: E-Cigarette Market Breakdown, by Category Type

11.5.4.1 Middle East and Africa: E-Cigarette Market – Revenue and Forecast Analysis – by Category Type

11.5.5 Middle East and Africa: E-Cigarette Market Breakdown, by Distribution Channel

11.5.5.1 Middle East and Africa: E-Cigarette Market – Revenue and Forecast Analysis – by Distribution Channel

11.5.6 Middle East and Africa: E-Cigarette Market Breakdown, by Offline Distribution Channel

11.5.6.1 Middle East and Africa: E-Cigarette Market – Revenue and Forecast Analysis – by Offline Distribution Channel

11.5.7 Middle East and Africa: E-Cigarette Market – Revenue and Forecast Analysis – by Country

11.5.7.1 Middle East and Africa: E-Cigarette Market – Revenue and Forecast Analysis – by Country

11.5.7.2 United Arab Emirates: E-Cigarette Market – Revenue and Forecast, 2021–2031 (US$ Million)

11.5.7.2.1 United Arab Emirates: E-Cigarette Market Breakdown, by Product Type

11.5.7.2.2 United Arab Emirates: E-Cigarette Market Breakdown, by Category Type

11.5.7.2.3 United Arab Emirates: E-Cigarette Market Breakdown, by Distribution Channel

11.5.7.2.4 United Arab Emirates: E-Cigarette Market Breakdown, by Offline Distribution Channel

11.5.7.3 Saudi Arabia: E-Cigarette Market – Revenue and Forecast, 2021–2031 (US$ Million)

11.5.7.3.1 Saudi Arabia: E-Cigarette Market Breakdown, by Product Type

11.5.7.3.2 Saudi Arabia: E-Cigarette Market Breakdown, by Category Type

11.5.7.3.3 Saudi Arabia: E-Cigarette Market Breakdown, by Distribution Channel

11.5.7.3.4 Saudi Arabia: E-Cigarette Market Breakdown, by Offline Distribution Channel

11.5.7.4 South Africa: E-Cigarette Market – Revenue and Forecast, 2021–2031 (US$ Million)

11.5.7.4.1 South Africa: E-Cigarette Market Breakdown, by Product Type

11.5.7.4.2 South Africa: E-Cigarette Market Breakdown, by Category Type

11.5.7.4.3 South Africa: E-Cigarette Market Breakdown, by Distribution Channel

11.5.7.4.4 South Africa: E-Cigarette Market Breakdown, by Offline Distribution Channel

11.5.7.5 Rest of Middle East and Africa: E-Cigarette Market – Revenue and Forecast, 2021–2031 (US$ Million)

11.5.7.5.1 Rest of Middle East and Africa: E-Cigarette Market Breakdown, by Product Type

11.5.7.5.2 Rest of Middle East and Africa: E-Cigarette Market Breakdown, by Category Type

11.5.7.5.3 Rest of Middle East and Africa: E-Cigarette Market Breakdown, by Distribution Channel

11.5.7.5.4 Rest of Middle East and Africa: E-Cigarette Market Breakdown, by Offline Distribution Channel

11.6 South and Central America

11.6.1 South and Central America E-Cigarette Market Overview

11.6.2 South and Central America: E-Cigarette Market – Revenue, 2021–2031 (US$ Million)

11.6.3 South and Central America: E-Cigarette Market Breakdown, by Product Type

11.6.3.1 South and Central America: E-Cigarette Market – Revenue and Forecast Analysis – by Product Type

11.6.4 South and Central America: E-Cigarette Market Breakdown, by Category Type

11.6.4.1 South and Central America: E-Cigarette Market – Revenue and Forecast Analysis – by Category Type

11.6.5 South and Central America: E-Cigarette Market Breakdown, by Distribution Channel

11.6.5.1 South and Central America: E-Cigarette Market – Revenue and Forecast Analysis – by Distribution Channel

11.6.6 South and Central America: E-Cigarette Market Breakdown, by Offline Distribution Channel

11.6.6.1 South and Central America: E-Cigarette Market – Revenue and Forecast Analysis – by Offline Distribution Channel

11.6.7 South and Central America: E-Cigarette Market – Revenue and Forecast Analysis – by Country

11.6.7.1 South and Central America: E-Cigarette Market – Revenue and Forecast Analysis – by Country

11.6.7.2 Chile: E-Cigarette Market – Revenue and Forecast, 2021–2031 (US$ Million)

11.6.7.2.1 Chile: E-Cigarette Market Breakdown, by Product Type

11.6.7.2.2 Chile: E-Cigarette Market Breakdown, by Category Type

11.6.7.2.3 Chile: E-Cigarette Market Breakdown, by Distribution Channel

11.6.7.2.4 Chile: E-Cigarette Market Breakdown, by Offline Distribution Channel

11.6.7.3 Rest of South and Central America: E-Cigarette Market – Revenue and Forecast, 2021–2031 (US$ Million)

11.6.7.3.1 Rest of South and Central America: E-Cigarette Market Breakdown, by Product Type

11.6.7.3.2 Rest of South and Central America: E-Cigarette Market Breakdown, by Category Type

11.6.7.3.3 Rest of South and Central America: E-Cigarette Market Breakdown, by Distribution Channel

11.6.7.3.4 Rest of South and Central America: E-Cigarette Market Breakdown, by Offline Distribution Channel

12. Competitive Landscape

12.1 Heat Map Analysis by Key Players

12.2 Company Market Share Analysis, 2024

12.3 Company Market Volume Analysis, 2024

13. Industry Landscape

13.1 Overview

13.2 Market Initiative

13.3 Product Development

13.4 Mergers & Acquisitions

14. Company Profiles

14.1 JT International SA

14.1.1 Key Facts

14.1.2 Business Description

14.1.3 Products and Services

14.1.4 Financial Overview

14.1.5 SWOT Analysis

14.1.6 Key Developments

14.2 NJOY, LLC

14.2.1 Key Facts

14.2.2 Business Description

14.2.3 Products and Services

14.2.4 Financial Overview

14.2.5 SWOT Analysis

14.2.6 Key Developments

14.3 Philip Morris International Inc

14.3.1 Key Facts

14.3.2 Business Description

14.3.3 Products and Services

14.3.4 Financial Overview

14.3.5 SWOT Analysis

14.3.6 Key Developments

14.4 SAS J WELL FRANCE

14.4.1 Key Facts

14.4.2 Business Description

14.4.3 Products and Services

14.4.4 Financial Overview

14.4.5 SWOT Analysis

14.4.6 Key Developments

14.5 Imperial Brands Plc

14.5.1 Key Facts

14.5.2 Business Description

14.5.3 Products and Services

14.5.4 Financial Overview

14.5.5 SWOT Analysis

14.5.6 Key Developments

14.6 British American Tobacco Plc

14.6.1 Key Facts

14.6.2 Business Description

14.6.3 Products and Services

14.6.4 Financial Overview

14.6.5 SWOT Analysis

14.6.6 Key Developments

14.7 KIWI (Vapour Italia S.r.l.)

14.7.1 Key Facts

14.7.2 Business Description

14.7.3 Products and Services

14.7.4 Financial Overview

14.7.5 SWOT Analysis

14.7.6 Key Developments

14.8 ELFBAR

14.8.1 Key Facts

14.8.2 Business Description

14.8.3 Products and Services

14.8.4 Financial Overview

14.8.5 SWOT Analysis

14.8.6 Key Developments

14.9 Dinner Lady Fam Ltd.

14.9.1 Key Facts

14.9.2 Business Description

14.9.3 Products and Services

14.9.4 Financial Overview

14.9.5 SWOT Analysis

14.9.6 Key Developments

14.10 LEM (INIMEX Srl)

14.10.1 Key Facts

14.10.2 Business Description

14.10.3 Products and Services

14.10.4 Financial Overview

14.10.5 SWOT Analysis

14.10.6 Key Developments

14.11 LIK BAR (SIGEL Srl)

14.11.1 Key Facts

14.11.2 Business Description

14.11.3 Products and Services

14.11.4 Financial Overview

14.11.5 SWOT Analysis

14.11.6 Key Developments

14.12 COOLPLAY

14.12.1 Key Facts

14.12.2 Business Description

14.12.3 Products and Services

14.12.4 Financial Overview

14.12.5 SWOT Analysis

14.12.6 Key Developments

14.13 ELUX (Dongguan Topson Electronic Technology Co., Ltd)

14.13.1 Key Facts

14.13.2 Business Description

14.13.3 Products and Services

14.13.4 Financial Overview

14.13.5 SWOT Analysis

14.13.6 Key Developments

14.14 ALD Group Limited

14.14.1 Key Facts

14.14.2 Business Description

14.14.3 Products and Services

14.14.4 Financial Overview

14.14.5 SWOT Analysis

14.14.6 Key Developments

14.15 Eleaf

14.15.1 Key Facts

14.15.2 Business Description

14.15.3 Products and Services

14.15.4 Financial Overview

14.15.5 SWOT Analysis

14.15.6 Key Developments

15. Appendix

15.1 List of Abbrivations

15.2 About The Insight Partners

List of Tables

Table 1. E-Cigarette Market Segmentation

Table 2. Cost/time matrix for entering key markets

Table 3. Product Registration Costs (By key country)

Table 4. EMSA (EU), FDA (US), CCC (China) compliance

Table 5. Bonded Warehouses in EU

Table 6. Typical Approval Timelines: Fast-track (UK, Germany) vs. slow (US PMTA, Australia)

Table 7. Distribution channel attractiveness ranking

Table 8. Logistics Cost Comparison for E-Cigarette Distribution Channels

Table 9. Market and Business Implications:

Table 10. Specialty Vape Shops (US and US) vs Convenience Stores (Japan) Analysis

Table 11. Pharmacy sales (Australia) vs. illicit markets (Brazil)

Table 12. List of Vendors

Table 13. National Level E-Cigarette Excise Tax Policy by Country, as of July 2022

Table 14. Policy Heatmap For E-Cigarette Market: High Risk vs Stable Market Conditions

Table 15. Conditions Psychographics profile, by region/key country

Table 16. Regional Preferences: Disposables vs. refillable

Table 17. Vaping vs Heated Tobacco Policies

Table 18. E-Cigarette Market – Revenue, 2021–2024 (US$ Million)

Table 19. E-Cigarette Market – Revenue Forecast, 2025–2031 (US$ Million)

Table 20. E-Cigarette Market – Revenue, 2021–2024 (US$ Million) – by Product Type

Table 21. E-Cigarette Market – Revenue Forecast, 2025–2031 (US$ Million) – by Product Type

Table 22. E-Cigarette Market – Revenue, 2021–2024 (US$ Million) – by Category Type

Table 23. E-Cigarette Market – Revenue Forecast, 2025–2031 (US$ Million) – by Category Type

Table 24. E-Cigarette Market – Revenue, 2021–2024 (US$ Million) – by Distribution Channel

Table 25. E-Cigarette Market – Revenue Forecast, 2025–2031 (US$ Million) – by Distribution Channel

Table 26. E-Cigarette Market – Revenue, 2021–2024 (US$ Million) – by Offline Distribution Channel

Table 27. E-Cigarette Market – Revenue Forecast, 2025–2031 (US$ Million) – by Offline Distribution Channel

Table 28. North America: E-Cigarette Market – Revenue, 2021–2024 (US$ Million) – by Product Type

Table 29. North America: E-Cigarette Market – Revenue Forecast, 2025–2031 (US$ Million) – by Product Type

Table 30. North America: E-Cigarette Market – Revenue, 2021–2024 (US$ Million) – by Category Type

Table 31. North America: E-Cigarette Market – Revenue Forecast, 2025–2031 (US$ Million) – by Category Type

Table 32. North America: E-Cigarette Market – Revenue, 2021–2024 (US$ Million) – by Distribution Channel

Table 33. North America: E-Cigarette Market – Revenue Forecast, 2025–2031 (US$ Million) – by Distribution Channel

Table 34. North America: E-Cigarette Market – Revenue, 2021–2024 (US$ Million) – by Offline Distribution Channel

Table 35. North America: E-Cigarette Market – Revenue Forecast, 2025–2031 (US$ Million) – by Offline Distribution Channel

Table 36. North America: E-Cigarette Market – Revenue, 2021–2024 (US$ Million) – by Country

Table 37. North America: E-Cigarette Market – Revenue Forecast, 2025–2031 (US$ Million) – by Country

Table 38. United States: E-Cigarette Market – Revenue, 2021–2024 (US$ Million) – by Product Type

Table 39. United States: E-Cigarette Market – Revenue Forecast, 2025–2031 (US$ Million) – by Product Type

Table 40. United States: E-Cigarette Market – Revenue, 2021–2024 (US$ Million) – by Category Type

Table 41. United States: E-Cigarette Market – Revenue Forecast, 2025–2031 (US$ Million) – by Category Type

Table 42. United States: E-Cigarette Market – Revenue, 2021–2024 (US$ Million) – by Distribution Channel

Table 43. United States: E-Cigarette Market – Revenue Forecast, 2025–2031 (US$ Million) – by Distribution Channel

Table 44. United States: E-Cigarette Market – Revenue, 2021–2024 (US$ Million) – by Offline Distribution Channel

Table 45. United States: E-Cigarette Market – Revenue Forecast, 2025–2031 (US$ Million) – by Offline Distribution Channel

Table 46. Canada: E-Cigarette Market – Revenue, 2021–2024 (US$ Million) – by Product Type

Table 47. Canada: E-Cigarette Market – Revenue Forecast, 2025–2031 (US$ Million) – by Product Type

Table 48. Canada: E-Cigarette Market – Revenue, 2021–2024 (US$ Million) – by Category Type

Table 49. Canada: E-Cigarette Market – Revenue Forecast, 2025–2031 (US$ Million) – by Category Type

Table 50. Canada: E-Cigarette Market – Revenue, 2021–2024 (US$ Million) – by Distribution Channel

Table 51. Canada: E-Cigarette Market – Revenue Forecast, 2025–2031 (US$ Million) – by Distribution Channel

Table 52. Canada: E-Cigarette Market – Revenue, 2021–2024 (US$ Million) – by Offline Distribution Channel

Table 53. Canada: E-Cigarette Market – Revenue Forecast, 2025–2031 (US$ Million) – by Offline Distribution Channel

Table 54. Mexico: E-Cigarette Market – Revenue, 2021–2024 (US$ Million) – by Product Type

Table 55. Mexico: E-Cigarette Market – Revenue, 2021–2024 (US$ Million) – by Category Type

Table 56. Mexico: E-Cigarette Market – Revenue, 2021–2024 (US$ Million) – by Distribution Channel

Table 57. Mexico: E-Cigarette Market – Revenue, 2021–2024 (US$ Million) – by Offline Distribution Channel

Table 58. Europe: E-Cigarette Market – Revenue, 2021–2024 (US$ Million) – by Product Type

Table 59. Europe: E-Cigarette Market – Revenue Forecast, 2025–2031 (US$ Million) – by Product Type

Table 60. Europe: E-Cigarette Market – Revenue, 2021–2024 (US$ Million) – by Category Type

Table 61. Europe: E-Cigarette Market – Revenue Forecast, 2025–2031 (US$ Million) – by Category Type

Table 62. Europe: E-Cigarette Market – Revenue, 2021–2024 (US$ Million) – by Distribution Channel

Table 63. Europe: E-Cigarette Market – Revenue Forecast, 2025–2031 (US$ Million) – by Distribution Channel

Table 64. Europe: E-Cigarette Market – Revenue, 2021–2024 (US$ Million) – by Offline Distribution Channel

Table 65. Europe: E-Cigarette Market – Revenue Forecast, 2025–2031 (US$ Million) – by Offline Distribution Channel

Table 66. Europe: E-Cigarette Market – Revenue, 2021–2024 (US$ Million) – by Country

Table 67. Europe: E-Cigarette Market – Revenue Forecast, 2025–2031 (US$ Million) – by Country

Table 68. Germany: E-Cigarette Market – Revenue, 2021–2024 (US$ Million) – by Product Type

Table 69. Germany: E-Cigarette Market – Revenue Forecast, 2025–2031 (US$ Million) – by Product Type

Table 70. Germany: E-Cigarette Market – Revenue, 2021–2024 (US$ Million) – by Category Type

Table 71. Germany: E-Cigarette Market – Revenue Forecast, 2025–2031 (US$ Million) – by Category Type

Table 72. Germany: E-Cigarette Market – Revenue, 2021–2024 (US$ Million) – by Distribution Channel

Table 73. Germany: E-Cigarette Market – Revenue Forecast, 2025–2031 (US$ Million) – by Distribution Channel

Table 74. Germany: E-Cigarette Market – Revenue, 2021–2024 (US$ Million) – by Offline Distribution Channel

Table 75. Germany: E-Cigarette Market – Revenue Forecast, 2025–2031 (US$ Million) – by Offline Distribution Channel

Table 76. United Kingdom: E-Cigarette Market – Revenue, 2021–2024 (US$ Million) – by Product Type

Table 77. United Kingdom: E-Cigarette Market – Revenue Forecast, 2025–2031 (US$ Million) – by Product Type

Table 78. United Kingdom: E-Cigarette Market – Revenue, 2021–2024 (US$ Million) – by Category Type

Table 79. United Kingdom: E-Cigarette Market – Revenue Forecast, 2025–2031 (US$ Million) – by Category Type

Table 80. United Kingdom: E-Cigarette Market – Revenue, 2021–2024 (US$ Million) – by Distribution Channel

Table 81. United Kingdom: E-Cigarette Market – Revenue Forecast, 2025–2031 (US$ Million) – by Distribution Channel

Table 82. United Kingdom: E-Cigarette Market – Revenue, 2021–2024 (US$ Million) – by Offline Distribution Channel

Table 83. United Kingdom: E-Cigarette Market – Revenue Forecast, 2025–2031 (US$ Million) – by Offline Distribution Channel

Table 84. France: E-Cigarette Market – Revenue, 2021–2024 (US$ Million) – by Product Type

Table 85. France: E-Cigarette Market – Revenue Forecast, 2025–2031 (US$ Million) – by Product Type

Table 86. France: E-Cigarette Market – Revenue, 2021–2024 (US$ Million) – by Category Type

Table 87. France: E-Cigarette Market – Revenue Forecast, 2025–2031 (US$ Million) – by Category Type

Table 88. France: E-Cigarette Market – Revenue, 2021–2024 (US$ Million) – by Distribution Channel

Table 89. France: E-Cigarette Market – Revenue Forecast, 2025–2031 (US$ Million) – by Distribution Channel

Table 90. France: E-Cigarette Market – Revenue, 2021–2024 (US$ Million) – by Offline Distribution Channel

Table 91. France: E-Cigarette Market – Revenue Forecast, 2025–2031 (US$ Million) – by Offline Distribution Channel

Table 92. Italy: E-Cigarette Market – Revenue, 2021–2024 (US$ Million) – by Product Type

Table 93. Italy: E-Cigarette Market – Revenue Forecast, 2025–2031 (US$ Million) – by Product Type

Table 94. Italy: E-Cigarette Market – Revenue, 2021–2024 (US$ Million) – by Category Type

Table 95. Italy: E-Cigarette Market – Revenue Forecast, 2025–2031 (US$ Million) – by Category Type

Table 96. Italy: E-Cigarette Market – Revenue, 2021–2024 (US$ Million) – by Distribution Channel

Table 97. Italy: E-Cigarette Market – Revenue Forecast, 2025–2031 (US$ Million) – by Distribution Channel

Table 98. Italy: E-Cigarette Market – Revenue, 2021–2024 (US$ Million) – by Offline Distribution Channel

Table 99. Italy: E-Cigarette Market – Revenue Forecast, 2025–2031 (US$ Million) – by Offline Distribution Channel

Table 100. Russia: E-Cigarette Market – Revenue, 2021–2024 (US$ Million) – by Product Type

Table 101. Russia: E-Cigarette Market – Revenue Forecast, 2025–2031 (US$ Million) – by Product Type

Table 102. Russia: E-Cigarette Market – Revenue, 2021–2024 (US$ Million) – by Category Type

Table 103. Russia: E-Cigarette Market – Revenue Forecast, 2025–2031 (US$ Million) – by Category Type

Table 104. Russia: E-Cigarette Market – Revenue, 2021–2024 (US$ Million) – by Distribution Channel

Table 105. Russia: E-Cigarette Market – Revenue Forecast, 2025–2031 (US$ Million) – by Distribution Channel

Table 106. Russia: E-Cigarette Market – Revenue, 2021–2024 (US$ Million) – by Offline Distribution Channel

Table 107. Russia: E-Cigarette Market – Revenue Forecast, 2025–2031 (US$ Million) – by Offline Distribution Channel

Table 108. Rest of Europe: E-Cigarette Market – Revenue, 2021–2024 (US$ Million) – by Product Type

Table 109. Rest of Europe: E-Cigarette Market – Revenue Forecast, 2025–2031 (US$ Million) – by Product Type

Table 110. Rest of Europe: E-Cigarette Market – Revenue, 2021–2024 (US$ Million) – by Category Type

Table 111. Rest of Europe: E-Cigarette Market – Revenue Forecast, 2025–2031 (US$ Million) – by Category Type

Table 112. Rest of Europe: E-Cigarette Market – Revenue, 2021–2024 (US$ Million) – by Distribution Channel

Table 113. Rest of Europe: E-Cigarette Market – Revenue Forecast, 2025–2031 (US$ Million) – by Distribution Channel

Table 114. Rest of Europe: E-Cigarette Market – Revenue, 2021–2024 (US$ Million) – by Offline Distribution Channel

Table 115. Rest of Europe: E-Cigarette Market – Revenue Forecast, 2025–2031 (US$ Million) – by Offline Distribution Channel

Table 116. Asia Pacific: E-Cigarette Market – Revenue, 2021–2024 (US$ Million) – by Product Type

Table 117. Asia Pacific: E-Cigarette Market – Revenue Forecast, 2025–2031 (US$ Million) – by Product Type

Table 118. Asia Pacific: E-Cigarette Market – Revenue, 2021–2024 (US$ Million) – by Category Type

Table 119. Asia Pacific: E-Cigarette Market – Revenue Forecast, 2025–2031 (US$ Million) – by Category Type

Table 120. Asia Pacific: E-Cigarette Market – Revenue, 2021–2024 (US$ Million) – by Distribution Channel

Table 121. Asia Pacific: E-Cigarette Market – Revenue Forecast, 2025–2031 (US$ Million) – by Distribution Channel

Table 122. Asia Pacific: E-Cigarette Market – Revenue, 2021–2024 (US$ Million) – by Offline Distribution Channel

Table 123. Asia Pacific: E-Cigarette Market – Revenue Forecast, 2025–2031 (US$ Million) – by Offline Distribution Channel

Table 124. Asia Pacific: E-Cigarette Market – Revenue, 2021–2024 (US$ Million) – by Country

Table 125. Asia Pacific: E-Cigarette Market – Revenue Forecast, 2025–2031 (US$ Million) – by Country

Table 126. China: E-Cigarette Market – Revenue, 2021–2024 (US$ Million) – by Product Type

Table 127. China: E-Cigarette Market – Revenue Forecast, 2025–2031 (US$ Million) – by Product Type

Table 128. China: E-Cigarette Market – Revenue, 2021–2024 (US$ Million) – by Category Type

Table 129. China: E-Cigarette Market – Revenue Forecast, 2025–2031 (US$ Million) – by Category Type

Table 130. China: E-Cigarette Market – Revenue, 2021–2024 (US$ Million) – by Distribution Channel

Table 131. China: E-Cigarette Market – Revenue Forecast, 2025–2031 (US$ Million) – by Distribution Channel

Table 132. China: E-Cigarette Market – Revenue, 2021–2024 (US$ Million) – by Offline Distribution Channel

Table 133. China: E-Cigarette Market – Revenue Forecast, 2025–2031 (US$ Million) – by Offline Distribution Channel

Table 134. Japan: E-Cigarette Market – Revenue, 2021–2024 (US$ Million) – by Product Type

Table 135. Japan: E-Cigarette Market – Revenue Forecast, 2025–2031 (US$ Million) – by Product Type

Table 136. Japan: E-Cigarette Market – Revenue, 2021–2024 (US$ Million) – by Category Type

Table 137. Japan: E-Cigarette Market – Revenue Forecast, 2025–2031 (US$ Million) – by Category Type

Table 138. Japan: E-Cigarette Market – Revenue, 2021–2024 (US$ Million) – by Distribution Channel

Table 139. Japan: E-Cigarette Market – Revenue Forecast, 2025–2031 (US$ Million) – by Distribution Channel

Table 140. Japan: E-Cigarette Market – Revenue, 2021–2024 (US$ Million) – by Offline Distribution Channel

Table 141. Japan: E-Cigarette Market – Revenue Forecast, 2025–2031 (US$ Million) – by Offline Distribution Channel

Table 142. South Korea: E-Cigarette Market – Revenue, 2021–2024 (US$ Million) – by Product Type

Table 143. South Korea: E-Cigarette Market – Revenue Forecast, 2025–2031 (US$ Million) – by Product Type

Table 144. South Korea: E-Cigarette Market – Revenue, 2021–2024 (US$ Million) – by Category Type

Table 145. South Korea: E-Cigarette Market – Revenue Forecast, 2025–2031 (US$ Million) – by Category Type

Table 146. South Korea: E-Cigarette Market – Revenue, 2021–2024 (US$ Million) – by Distribution Channel

Table 147. South Korea: E-Cigarette Market – Revenue Forecast, 2025–2031 (US$ Million) – by Distribution Channel

Table 148. South Korea: E-Cigarette Market – Revenue, 2021–2024 (US$ Million) – by Offline Distribution Channel

Table 149. South Korea: E-Cigarette Market – Revenue Forecast, 2025–2031 (US$ Million) – by Offline Distribution Channel

Table 150. Australia: E-Cigarette Market – Revenue, 2021–2024 (US$ Million) – by Product Type

Table 151. Australia: E-Cigarette Market – Revenue Forecast, 2025–2031 (US$ Million) – by Product Type

Table 152. Australia: E-Cigarette Market – Revenue, 2021–2024 (US$ Million) – by Category Type

Table 153. Australia: E-Cigarette Market – Revenue Forecast, 2025–2031 (US$ Million) – by Category Type

Table 154. Australia: E-Cigarette Market – Revenue, 2021–2024 (US$ Million) – by Distribution Channel

Table 155. Australia: E-Cigarette Market – Revenue Forecast, 2025–2031 (US$ Million) – by Distribution Channel

Table 156. Australia: E-Cigarette Market – Revenue, 2021–2024 (US$ Million) – by Offline Distribution Channel

Table 157. Australia: E-Cigarette Market – Revenue Forecast, 2025–2031 (US$ Million) – by Offline Distribution Channel

Table 158. Rest of APAC: E-Cigarette Market – Revenue, 2021–2024 (US$ Million) – by Product Type

Table 159. Rest of APAC: E-Cigarette Market – Revenue Forecast, 2025–2031 (US$ Million) – by Product Type

Table 160. Rest of APAC: E-Cigarette Market – Revenue, 2021–2024 (US$ Million) – by Category Type

Table 161. Rest of APAC: E-Cigarette Market – Revenue Forecast, 2025–2031 (US$ Million) – by Category Type

Table 162. Rest of APAC: E-Cigarette Market – Revenue, 2021–2024 (US$ Million) – by Distribution Channel

Table 163. Rest of APAC: E-Cigarette Market – Revenue Forecast, 2025–2031 (US$ Million) – by Distribution Channel

Table 164. Rest of APAC: E-Cigarette Market – Revenue, 2021–2024 (US$ Million) – by Offline Distribution Channel

Table 165. Rest of APAC: E-Cigarette Market – Revenue Forecast, 2025–2031 (US$ Million) – by Offline Distribution Channel

Table 166. Middle East and Africa: E-Cigarette Market – Revenue, 2021–2024 (US$ Million) – by Product Type

Table 167. Middle East and Africa: E-Cigarette Market – Revenue Forecast, 2025–2031 (US$ Million) – by Product Type

Table 168. Middle East and Africa: E-Cigarette Market – Revenue, 2021–2024 (US$ Million) – by Category Type

Table 169. Middle East and Africa: E-Cigarette Market – Revenue Forecast, 2025–2031 (US$ Million) – by Category Type

Table 170. Middle East and Africa: E-Cigarette Market – Revenue, 2021–2024 (US$ Million) – by Distribution Channel

Table 171. Middle East and Africa: E-Cigarette Market – Revenue Forecast, 2025–2031 (US$ Million) – by Distribution Channel

Table 172. Middle East and Africa: E-Cigarette Market – Revenue, 2021–2024 (US$ Million) – by Offline Distribution Channel

Table 173. Middle East and Africa: E-Cigarette Market – Revenue Forecast, 2025–2031 (US$ Million) – by Offline Distribution Channel

Table 174. Middle East and Africa: E-Cigarette Market – Revenue, 2021–2024 (US$ Million) – by Country

Table 175. Middle East and Africa: E-Cigarette Market – Revenue Forecast, 2025–2031 (US$ Million) – by Country

Table 176. United Arab Emirates: E-Cigarette Market – Revenue, 2021–2024 (US$ Million) – by Product Type

Table 177. United Arab Emirates: E-Cigarette Market – Revenue Forecast, 2025–2031 (US$ Million) – by Product Type

Table 178. United Arab Emirates: E-Cigarette Market – Revenue, 2021–2024 (US$ Million) – by Category Type

Table 179. United Arab Emirates: E-Cigarette Market – Revenue Forecast, 2025–2031 (US$ Million) – by Category Type

Table 180. United Arab Emirates: E-Cigarette Market – Revenue, 2021–2024 (US$ Million) – by Distribution Channel

Table 181. United Arab Emirates: E-Cigarette Market – Revenue Forecast, 2025–2031 (US$ Million) – by Distribution Channel

Table 182. United Arab Emirates: E-Cigarette Market – Revenue, 2021–2024 (US$ Million) – by Offline Distribution Channel

Table 183. United Arab Emirates: E-Cigarette Market – Revenue Forecast, 2025–2031 (US$ Million) – by Offline Distribution Channel

Table 184. Saudi Arabia: E-Cigarette Market – Revenue, 2021–2024 (US$ Million) – by Product Type

Table 185. Saudi Arabia: E-Cigarette Market – Revenue Forecast, 2025–2031 (US$ Million) – by Product Type

Table 186. Saudi Arabia: E-Cigarette Market – Revenue, 2021–2024 (US$ Million) – by Category Type

Table 187. Saudi Arabia: E-Cigarette Market – Revenue Forecast, 2025–2031 (US$ Million) – by Category Type

Table 188. Saudi Arabia: E-Cigarette Market – Revenue, 2021–2024 (US$ Million) – by Distribution Channel

Table 189. Saudi Arabia: E-Cigarette Market – Revenue Forecast, 2025–2031 (US$ Million) – by Distribution Channel

Table 190. Saudi Arabia: E-Cigarette Market – Revenue, 2021–2024 (US$ Million) – by Offline Distribution Channel

Table 191. Saudi Arabia: E-Cigarette Market – Revenue Forecast, 2025–2031 (US$ Million) – by Offline Distribution Channel

Table 192. South Africa: E-Cigarette Market – Revenue, 2021–2024 (US$ Million) – by Product Type

Table 193. South Africa: E-Cigarette Market – Revenue Forecast, 2025–2031 (US$ Million) – by Product Type

Table 194. South Africa: E-Cigarette Market – Revenue, 2021–2024 (US$ Million) – by Category Type

Table 195. South Africa: E-Cigarette Market – Revenue Forecast, 2025–2031 (US$ Million) – by Category Type

Table 196. South Africa: E-Cigarette Market – Revenue, 2021–2024 (US$ Million) – by Distribution Channel

Table 197. South Africa: E-Cigarette Market – Revenue Forecast, 2025–2031 (US$ Million) – by Distribution Channel

Table 198. South Africa: E-Cigarette Market – Revenue, 2021–2024 (US$ Million) – by Offline Distribution Channel

Table 199. South Africa: E-Cigarette Market – Revenue Forecast, 2025–2031 (US$ Million) – by Offline Distribution Channel

Table 200. Rest of Middle East and Africa: E-Cigarette Market – Revenue, 2021–2024 (US$ Million) – by Product Type

Table 201. Rest of Middle East and Africa: E-Cigarette Market – Revenue Forecast, 2025–2031 (US$ Million) – by Product Type

Table 202. Rest of Middle East and Africa: E-Cigarette Market – Revenue, 2021–2024 (US$ Million) – by Category Type

Table 203. Rest of Middle East and Africa: E-Cigarette Market – Revenue Forecast, 2025–2031 (US$ Million) – by Category Type

Table 204. Rest of Middle East and Africa: E-Cigarette Market – Revenue, 2021–2024 (US$ Million) – by Distribution Channel

Table 205. Rest of Middle East and Africa: E-Cigarette Market – Revenue Forecast, 2025–2031 (US$ Million) – by Distribution Channel

Table 206. Rest of Middle East and Africa: E-Cigarette Market – Revenue, 2021–2024 (US$ Million) – by Offline Distribution Channel

Table 207. Rest of Middle East and Africa: E-Cigarette Market – Revenue Forecast, 2025–2031 (US$ Million) – by Offline Distribution Channel

Table 208. South and Central America: E-Cigarette Market – Revenue, 2021–2024 (US$ Million) – by Product Type

Table 209. South and Central America: E-Cigarette Market – Revenue Forecast, 2025–2031 (US$ Million) – by Product Type

Table 210. South and Central America: E-Cigarette Market – Revenue, 2021–2024 (US$ Million) – by Category Type

Table 211. South and Central America: E-Cigarette Market – Revenue Forecast, 2025–2031 (US$ Million) – by Category Type

Table 212. South and Central America: E-Cigarette Market – Revenue, 2021–2024 (US$ Million) – by Distribution Channel

Table 213. South and Central America: E-Cigarette Market – Revenue Forecast, 2025–2031 (US$ Million) – by Distribution Channel

Table 214. South and Central America: E-Cigarette Market – Revenue, 2021–2024 (US$ Million) – by Offline Distribution Channel

Table 215. South and Central America: E-Cigarette Market – Revenue Forecast, 2025–2031 (US$ Million) – by Offline Distribution Channel

Table 216. South and Central America: E-Cigarette Market – Revenue, 2021–2024 (US$ Million) – by Country

Table 217. South and Central America: E-Cigarette Market – Revenue Forecast, 2025–2031 (US$ Million) – by Country

Table 218. Chile: E-Cigarette Market – Revenue, 2021–2024 (US$ Million) – by Product Type

Table 219. Chile: E-Cigarette Market – Revenue Forecast, 2025–2031 (US$ Million) – by Product Type

Table 220. Chile: E-Cigarette Market – Revenue, 2021–2024 (US$ Million) – by Category Type

Table 221. Chile: E-Cigarette Market – Revenue Forecast, 2025–2031 (US$ Million) – by Category Type

Table 222. Chile: E-Cigarette Market – Revenue, 2021–2024 (US$ Million) – by Distribution Channel

Table 223. Chile: E-Cigarette Market – Revenue Forecast, 2025–2031 (US$ Million) – by Distribution Channel

Table 224. Chile: E-Cigarette Market – Revenue, 2021–2024 (US$ Million) – by Offline Distribution Channel

Table 225. Chile: E-Cigarette Market – Revenue Forecast, 2025–2031 (US$ Million) – by Offline Distribution Channel

Table 226. Rest of South and Central America: E-Cigarette Market – Revenue, 2021–2024 (US$ Million) – by Product Type

Table 227. Rest of South and Central America: E-Cigarette Market – Revenue Forecast, 2025–2031 (US$ Million) – by Product Type

Table 228. Rest of South and Central America: E-Cigarette Market – Revenue, 2021–2024 (US$ Million) – by Category Type

Table 229. Rest of South and Central America: E-Cigarette Market – Revenue Forecast, 2025–2031 (US$ Million) – by Category Type

Table 230. Rest of South and Central America: E-Cigarette Market – Revenue, 2021–2024 (US$ Million) – by Distribution Channel

Table 231. Rest of South and Central America: E-Cigarette Market – Revenue Forecast, 2025–2031 (US$ Million) – by Distribution Channel

Table 232. Rest of South and Central America: E-Cigarette Market – Revenue, 2021–2024 (US$ Million) – by Offline Distribution Channel

Table 233. Rest of South and Central America: E-Cigarette Market – Revenue Forecast, 2025–2031 (US$ Million) – by Offline Distribution Channel

Table 234. Heat Map Analysis by Key Players

List of Figures

Figure 1. E-Cigarette Market Segmentation, by Geography

Figure 2. Ecosystem Analysis

Figure 3. Impact Analysis of Drivers and Restraints

Figure 4. E-Cigarette Market Revenue (US$ Million), 2021–2031

Figure 5. E-Cigarette Market Share (%) – by Product Type (2024 and 2031)

Figure 6. Modular: E-Cigarette Market – Revenue and Forecast to 2031 (US$ Million)

Figure 7. Rechargeable: E-Cigarette Market – Revenue and Forecast to 2031 (US$ Million)

Figure 8. Disposable: E-Cigarette Market – Revenue and Forecast to 2031 (US$ Million)

Figure 9. E-Cigarette Market Share (%) – by Category Type (2024 and 2031)

Figure 10. Tobacco: E-Cigarette Market – Revenue and Forecast to 2031 (US$ Million)

Figure 11. Non-Tobacco: E-Cigarette Market – Revenue and Forecast to 2031 (US$ Million)

Figure 12. E-Cigarette Market Share (%) – by Distribution Channel (2024 and 2031)

Figure 13. Online: E-Cigarette Market – Revenue and Forecast to 2031 (US$ Million)

Figure 14. Offline: E-Cigarette Market – Revenue and Forecast to 2031 (US$ Million)

Figure 15. E-Cigarette Market Share (%) – by Offline Distribution Channel (2024 and 2031)

Figure 16. Specialty E-Cig Shops: E-Cigarette Market – Revenue and Forecast to 2031 (US$ Million)

Figure 17. Supermarket and Hypermarket: E-Cigarette Market – Revenue and Forecast to 2031 (US$ Million)

Figure 18. Others: E-Cigarette Market – Revenue and Forecast to 2031 (US$ Million)

Figure 19. E-Cigarette Market Breakdown by Region, 2024 and 2031 (%)

Figure 20. North America: E-Cigarette Market – Revenue, 2021–2031 (US$ Million)

Figure 21. North America: E-Cigarette Market Breakdown, by Product Type (2024 and 2031)

Figure 22. North America: E-Cigarette Market Breakdown, by Category Type (2024 and 2031)

Figure 23. North America: E-Cigarette Market Breakdown, by Distribution Channel (2024 and 2031)

Figure 24. North America: E-Cigarette Market Breakdown, by Offline Distribution Channel (2024 and 2031)

Figure 25. North America: E-Cigarette Market Breakdown, by Key Countries, 2024 and 2031 (%)

Figure 26. United States: E-Cigarette Market – Revenue and Forecast, 2021–2031 (US$ Million)

Figure 27. Canada: E-Cigarette Market – Revenue and Forecast, 2021–2031 (US$ Million)

Figure 28. Europe: E-Cigarette Market – Revenue, 2021–2031 (US$ Million)

Figure 29. Europe: E-Cigarette Market Breakdown, by Product Type (2024 and 2031)

Figure 30. Europe: E-Cigarette Market Breakdown, by Category Type (2024 and 2031)

Figure 31. Europe: E-Cigarette Market Breakdown, by Distribution Channel (2024 and 2031)

Figure 32. Europe: E-Cigarette Market Breakdown, by Offline Distribution Channel (2024 and 2031)

Figure 33. Europe: E-Cigarette Market Breakdown, by Key Countries, 2024 and 2031 (%)

Figure 34. Germany: E-Cigarette Market – Revenue and Forecast, 2021–2031 (US$ Million)

Figure 35. United Kingdom: E-Cigarette Market – Revenue and Forecast, 2021–2031 (US$ Million)

Figure 36. France: E-Cigarette Market – Revenue and Forecast, 2021–2031 (US$ Million)

Figure 37. Italy: E-Cigarette Market – Revenue and Forecast, 2021–2031 (US$ Million)

Figure 38. Italy: E-Cigarette Market – Volume and Forecast, 2021–2031 (Million Units)

Figure 39. Russia: E-Cigarette Market – Revenue and Forecast, 2021–2031 (US$ Million)

Figure 40. Rest of Europe: E-Cigarette Market – Revenue and Forecast, 2021–2031 (US$ Million)

Figure 41. Asia Pacific: E-Cigarette Market – Revenue, 2021–2031 (US$ Million)

Figure 42. Asia Pacific: E-Cigarette Market Breakdown, by Product Type (2024 and 2031)

Figure 43. Asia Pacific: E-Cigarette Market Breakdown, by Category Type (2024 and 2031)

Figure 44. Asia Pacific: E-Cigarette Market Breakdown, by Distribution Channel (2024 and 2031)

Figure 45. Asia Pacific: E-Cigarette Market Breakdown, by Offline Distribution Channel (2024 and 2031)

Figure 46. Asia Pacific: E-Cigarette Market Breakdown, by Key Countries, 2024 and 2031 (%)

Figure 47. China: E-Cigarette Market – Revenue and Forecast, 2021–2031 (US$ Million)

Figure 48. Japan: E-Cigarette Market – Revenue and Forecast, 2021–2031 (US$ Million)

Figure 49. South Korea: E-Cigarette Market – Revenue and Forecast, 2021–2031 (US$ Million)

Figure 50. Australia: E-Cigarette Market – Revenue and Forecast, 2021–2031 (US$ Million)

Figure 51. Rest of APAC: E-Cigarette Market – Revenue and Forecast, 2021–2031 (US$ Million)

Figure 52. Middle East and Africa: E-Cigarette Market – Revenue, 2021–2031 (US$ Million)

Figure 53. Middle East and Africa: E-Cigarette Market Breakdown, by Product Type (2024 and 2031)

Figure 54. Middle East and Africa: E-Cigarette Market Breakdown, by Category Type (2024 and 2031)

Figure 55. Middle East and Africa: E-Cigarette Market Breakdown, by Distribution Channel (2024 and 2031)

Figure 56. Middle East and Africa: E-Cigarette Market Breakdown, by Offline Distribution Channel (2024 and 2031)

Figure 57. Middle East and Africa: E-Cigarette Market Breakdown, by Key Countries, 2024 and 2031 (%)

Figure 58. United Arab Emirates: E-Cigarette Market – Revenue and Forecast, 2021–2031 (US$ Million)

Figure 59. Saudi Arabia: E-Cigarette Market – Revenue and Forecast, 2021–2031 (US$ Million)

Figure 60. South Africa: E-Cigarette Market – Revenue and Forecast, 2021–2031 (US$ Million)

Figure 61. Rest of Middle East and Africa: E-Cigarette Market – Revenue and Forecast, 2021–2031 (US$ Million)

Figure 62. South and Central America: E-Cigarette Market – Revenue, 2021–2031 (US$ Million)

Figure 63. South and Central America: E-Cigarette Market Breakdown, by Product Type (2024 and 2031)

Figure 64. South and Central America: E-Cigarette Market Breakdown, by Category Type (2024 and 2031)

Figure 65. South and Central America: E-Cigarette Market Breakdown, by Distribution Channel (2024 and 2031)

Figure 66. South and Central America: E-Cigarette Market Breakdown, by Offline Distribution Channel (2024 and 2031)

Figure 67. South and Central America: E-Cigarette Market Breakdown, by Key Countries, 2024 and 2031 (%)

Figure 68. Chile: E-Cigarette Market – Revenue and Forecast, 2021–2031 (US$ Million)

Figure 69. Rest of South and Central America: E-Cigarette Market – Revenue and Forecast, 2021–2031 (US$ Million)

Figure 70. Company Market Share Analysis, 2024

Figure 71. Company Market Volume Analysis, 2024

  • JT International SA
  • NJOY, LLC
  • Philip Morris International Inc
  • SAS J WELL FRANCE
  • Imperial Brands Plc
  • British American Tobacco Plc
  • KIWI (Vapour Italia S.r.l.)
  • ELFBAR
  • Dinner Lady Fam Ltd.
  • LEM (INIMEX Srl)
  • LIK BAR (SIGEL Srl)
  • COOLPLAY
  • ELUX (Dongguan Topson Electronic Technology Co., Ltd)
  • ALD Group Limited
  • Eleaf

The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.

  1. Data Collection and Secondary Research:

As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.

Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.

  1. Primary Research:

The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.

For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.

A typical research interview fulfils the following functions:

  • Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
  • Validates and strengthens in-house secondary research findings
  • Develops the analysis team’s expertise and market understanding

Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:

  • Industry participants: VPs, business development managers, market intelligence managers and national sales managers
  • Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.

Below is the breakup of our primary respondents by company, designation, and region:

Research Methodology

Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.

  1. Data Analysis:

Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.

  • 3.1 Macro-Economic Factor Analysis:

We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.

  • 3.2 Country Level Data:

Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.

  • 3.3 Company Profile:

The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.

  • 3.4 Developing Base Number:

Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.

  1. Data Triangulation and Final Review:

The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.

We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.

We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.

Your data will never be shared with third parties, however, we may send you information from time to time about our products that may be of interest to you. By submitting your details, you agree to be contacted by us. You may contact us at any time to opt-out.