The effects of an e-cigarette are hard to gauge, however, there is some evidence that nicotine is addictive. Research indicates that nicotine can influence the brain's reward system, making cocaine seem more pleasurable. A typical e-cigarette contains an atomizer, a liquid cartridge, and a power source. It also contains a flavoring or chemical ingredient called e-liquid. Along with nicotine, e-cigarettes often contain other ingredients, such as propylene glycol, to add a flavoring or visual effect to the smoke.
The E-cigarette Market refers to the sale of electronic nicotine delivery systems (ENDS), which include e-cigarettes, vapes, and other similar products. E-cigarettes are designed as alternatives to traditional cigarettes and work by heating a liquid (e-liquid) containing nicotine, flavorings, and other chemicals into an aerosol that is inhaled.
Market Dynamics:
The awareness regarding e-cigarettes being safer than normal tobacco cigarettes is increasing specifically in young population. This in turn is expected to propel growth of the global e-cigarettes market over the forecast period. Traditional cigarettes are known to be very harmful for health, and people are increasingly being aware about safety of e-cigarettes and vape compared to traditional cigarettes. For instance, as reported by Truth Initiative Organization in June 2021, use of e-cigarettes among young people has significantly increased in recent years with 1 in 5 high school students using e-cigarettes in 2020.
However, regulations implemented by local authorities in different countries such as India, and the U.S. on vaping products and e-liquid sales, along with strict trading regulations are likely to obstruct growth of the global e-cigarettes market over the forecast period.
Impact of COVID-19:
The COVID-19 impact on e-cigarettes market was moderated. The coronavirus outbreak resulted into countries implementing lockdown regulations, which closed down all the market places and shops. During this period, many industries were adversely impacted, however, the e-cigarette market witnessed steady growth. Many retailers and sellers of e-cigarettes opted online sales, which was significantly increased during the pandemic as the demand for e-cigarettes continued in this period. Thus, the global e-cigarettes market was positively impacted by the COVID-19 pandemic. .
Request a Sample to Obtain Authentic Analysis and Comprehensive Market Insights at- https://www.coherentmarketinsights.com/insight/request-sample/1362
Key Takeaways:
- The global e-cigarettes market is estimated to grow, with a CAGR of % over the forecast period due to manufacturers continue to offer customization capabilities in e-cigarettes such as nicotine dosage and temperature control. For instance, in January 2022, SMOORE, the largest vaping manufacturer launched the thinnest ever ceramic coil vape pod solution, FEELM Air that features 7 major breakthroughs in vaping experience, which includes ultimate reliability, flavor, design, and joyful interactive experience.
- Asia Pacific among regions, is projected to witness high growth in the global e-cigarettes market over the forecast period. The growth in attributed to growing health concerns regarding nicotine consumption driving the adoption of non-nicotine e-cigarettes in the region.
- Key players functioning in the global e-cigarettes market are Shenzhen KangerTech Technology Co., Ltd., Altria Group, Inc., Shenzhen IVPS Technology Co., Ltd., British American Tobacco, R.J. Reynolds Vapor Company, Imperial Brands, Philip Morris International Inc., International Vapor Group, JUUL Labs, Inc., Japan Tobacco Inc., and NicQuid.
About Us:
Coherent Market Insights is a global market intelligence and consulting organization that provides syndicated research reports, customized research reports, and consulting services. We are known for our actionable insights and authentic reports in various domains including aerospace and defense, agriculture, food and beverages, automotive, chemicals and materials, and virtually all domains and an exhaustive list of sub-domains under the sun. We create value for clients through our highly reliable and accurate reports. We are also committed in playing a leading role in offering insights in various sectors post-COVID-19 and continue to deliver measurable, sustainable results for our clients.
Contact Us
Mr. Shah
Coherent Market Insights Pvt Ltd,
533 Airport Boulevard, Suite 400, Burlingame,
CA 94010, United States
Phone: US +12067016702 / UK +4402081334027
JAPAN:+81-50-5539-1737
INDIA:+91-848-285-0837
Email: sales@coherentmarketinsights.com
No comments:
Post a Comment