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E-Cigarette Market to Grow at 24.14% CAGR by 2019 Source from: PR Newswire 12/25/2014  One major trend emerging in the market is the shift toward vaping instead of smoking. The market is witnessing increased adoption of vapor mods/units among vapers. This is expected to affect the revenue of cigalike vendors during the forecast period of 2014-2019. An e-cigarette market is an electronic inhaler that simulates tobacco smoking. It is a battery-powered inhaler designed to provide inhaled doses by way of vaporizing the solutions and simulate the effects of smoking by heating a nicotine liquid into vapor, which the user then inhales and exhales. An e-cigarette is also known as an e-vaping device, a personal vaporizer, or an e-nicotine delivery system. It contains a heating element that vaporizes liquid nicotine or a flavored liquid. The e-liquids used in e-cigarettes are available in different flavors such as pink bubble gum, menthol, watermelon, and peach. The effects of e-cigarettes on the human body are not yet fully known. However, they are considered less toxic than traditional cigarettes because they produce vapor instead of smoke. They are considered an effective method that helps smokers quit smoking though there is no scientific evidence for the same.
Analysts forecast Global E-cigarette market to grow at a CAGR of 24.14 percent over the period 2014-2019. According to the report, the increased desire among consumers to quit smoking tobacco is one of the major drivers of the market. The increase in the number of deaths caused by smoking-related cancer has encouraged people to stop smoking traditional cigarette and this has increased the adoption of e-cigarettes among smokers worldwide. Global E-cigarette Market 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers North America, Western Europe, Eastern and Central Europe, the APAC region, Latin America, and the ROW; it also covers the Global E-cigarette market landscape and its growth prospects in the coming years. The report also includes a discussion of the key vendors operating in this market. Other Prominent Vendors in the market are: Ballantyne Brands, CB Distributors, Gamucci, Japan Tobacco, LOGIC Technology, Nicotek, RR Chemicals, Vapor, Victory Electronic Cigarettes, VMR Products and White Cloud (leads by sales). Further, the report states that one key challenge that the market faces is the stringent government regulations and standards. Recently, the US FDA imposed regulations that ban the sale of e-cigarettes to people under the age of 18. The ASA and the CAP have introduced stringent advertising regulations in the UK. Enditem Related Updates |
