The global e-cigarette market reached a value of USD 19.05 Billion in 2024. The e-cigarette market is further expected to grow at a CAGR of about 13.00% in the forecast period of 2025-2034 to reach a value of about USD 64.67 Billion by 2034.
Base Year
Historical Year
Forecast Year
Value in USD Billion
2025-2034
E-Cigarette Market Outlook
*this image is indicative*
The global e-cigarette market is led by the North America region. The increasing trend of do-it-yourself (DIY) e-liquid is also creating positive market prospects by combining different aromas according to consumer preference requirements, with the implementation of various flavoured variants and easy product availability through online retail portals. The demand is likely to continue growing due to multiple factors, including the growing number of female smokers, technological advancements, as well as comprehensive research and development (R&D).
Since e-commerce trends are increasing, online distribution is gaining momentum as a strong distribution channel. Most ex-smokers need a high degree of nicotine concentration, so the pods would possibly typically come with the stronger nicotine oil (nicotine oil) electric liquids, enabling them to raise blood's nicotine's peak concentration and becoming a common alternative to the traditional electronic liquid.
E-cigarettes are battery-powered equipment containing a liquid, which can be inhaled by people as a vapour by heating the liquid. They are also referred to as e-cigs and vapes. The vapour inhaled can contain nicotine and aromatic and flavouring agents.
Based on product, the e-cigarette market can be divided into the following:
On the basis of flavour, the industry can be divided into the following:
Based on battery mode, the e-cigarette market can be categorised as follows:
On the basis of distribution channel, the industry can be divided as follows:
On the basis of region, the industry can be divided as follows:
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The rising number of smokers worldwide is driving the global e-cigarette market. The smokers, however, are becoming more conscious of the negative effects of regular cigarettes, causing them to turn to e-cigarettes as a better option. Therefore, the increasing desire among the consumers to quit smoking tobacco products has helped to raise e-cigarettes sales. The industry for e-cigarettes has been further driven by product advancements, including the introduction of new generation e-cigs offering consumers versatility in terms of strength and refill. The conveniently available mod and pod vapes also have a positive impact on the growth of the global e-cigarette market.
The report gives a detailed analysis of the following key players in the global e-cigarette market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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The global e-cigarette market reached a value of USD 19.05 Billion in 2024.
The market is projected to grow at a CAGR of nearly 13.00% in the forecast period of 2025-2034.
The market is estimated to reach a value of about USD 64.67 Billion by 2034.
The major drivers of the market include rising disposable incomes, increasing population, and the rising awareness among consumers about the ill-effects of traditional cigarettes.
The rising desire among the consumers to quit smoking tobacco products and rising population of smokers are expected to be key trends guiding the growth of the market.
North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa are the leading regions in the market.
Next-generation e-cigarette, modular e-cigarette, rechargeable e-cigarette, and disposable e-cigarette are the dominant products in the market.
Tobacco, botanical, fruit, and sweet, among others are the leading flavours of e-cigarette in the market.
The automatic e-cigarettes and manual e-cigarette are the various battery modes available in the market.
Specialty e-cigarette shops, online, supermarkets and hypermarkets and tobacconist, among others are the leading distribution channels in the market.
The key players in the global e-cigarette market are Philip Morris Products S.A., British American Tobacco Plc, Japan Tobacco, Inc., and ITC Limited, among others.
Explore our key highlights of the report and gain a concise overview of key findings, trends, and actionable insights that will empower your strategic decisions.
| REPORT FEATURES | DETAILS |
| Base Year | 2024 |
| Historical Period | 2018-2024 |
| Forecast Period | 2025-2034 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Product |
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| Breakup by Flavour |
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| Breakup by Battery Mode |
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| Breakup by Distribution Channel |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
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United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61-448-061-727
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63-287-899-028, +63-967-048-3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84-865-399-124
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