Juul Labs announced on Wednesday that it was requesting American approval in 2023 for a new e-cigarette that can verify a user's age and forbids the use of unapproved refill cartridges. Following its premiere as the JUUL2 System in 2021, the vaporizer—which features an app to control access for underage users and a unique Pod ID chip to prevent the use of counterfeit cartridges—is already available for purchase in the United Kingdom. Tuesday saw Juul Labs submit its most recent premarket tobacco product application to the U.S. Food and Drug Administration. The company stated that it intended to sell tobacco-flavored pods with a nicotine content of less than 2%.
Through a relationship with Gebr Heinemann, ANDS has continued to expand in the travel retail market in 2023. As a result, the company's alternative nicotine delivery solutions will be available. The ANDS disposable e-cigarettes, closed pods, and heated tobacco technologies are all part of the lineup. Fadi Maayta, co-founder and president of ANDS, praised the relocation as a "exciting journey" in the company's "ambitious growth strategy," which aims to take the brand outside of the Middle East and into Europe and the United Kingdom.
The Food and Drug Administration (2023) announced on Thursday that it had issued warning letters to numerous merchants that offered disposable e-cigarettes with fruit and candy flavours, such as Elf Bar, the brand that is currently the best-selling. Regulators are making yet another effort to combat the illicit disposable vapes that have proliferated in American retail establishments in recent years.
Leading worldwide vaping company INNOKIN is launching a flurry of new products at the eagerly awaited World Vape Show Dubai.
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Key Players
Some of the major players in the Global E-Cigarettes & Vaporizer Market include DASH VAPES, HUBBLY BUBBLY, LIQUIDEU, NICE VAPOR., PACIFIC SMOKE INTERNATIONAL, PUFF ECIG, SIMPLE VAPE CO. LONDON LTD, SMOKIO., VAPE ESCAPES, And VAPOR LINE.
Global E-Cigarette Vaporizer Market Highlights:
Global E-Cigarettes & Vaporizer Market Overview
E-Cigarettes & Vaporizer Market is projected to present a 29.50% CAGR to reach USD 182.85 Billion by 2030.
Globally, the consumption of tobacco has become a critical issue despite several government initiatives to increase awareness about the health issues caused by consuming tobacco. Consumers addicted to tobacco find it difficult to get rid of the addiction and would require an alternative to tobacco. This in turn has turned out to be one of the major drivers for the growth in the E-Cigarettes and vaporizer market.
Key Findings
- Globally, the North America region accounted for the largest market share in E-Cigarettes & Vaporizer followed by Europe.
- Growing awareness about the ill effects of tobacco coupled with consumers’ preference for e-cigarettes over conventional cigarettes out of their will to quit tobacco has driven the market in North America and Europe over the past few years.
- Disposable e-cigarettes have accounted for the largest market size by product type in 2020 accounting for nearly 30% of the market size closely followed by rechargeable e-cigarettes.
- Personal vaporizers will grow at a CAGR of over 23.5% through the forecast period
Segments
By Product Type
Disposable E-Cigarette, Rechargeable E-Cigarette, EGO and Tanks, Personal Vaporizers and Mods and Others.
Regional Analysis of E-Cigarettes & Vaporizer Market
Globally, North America, with U.S. being the largest consumer in the world will dominate the market throughout the forecast period; APAC will be growing at the fastest CAGR, accounting for more than 20% of the global e-cigarette market value by 2021. Significant revenue flow will be observed from China and India over the forecast period.
Key Players
Some of the major players in the Global E-Cigarettes & Vaporizer Market include DASH VAPES, HUBBLY BUBBLY, LIQUIDEU, NICE VAPOR., PACIFIC SMOKE INTERNATIONAL, PUFF ECIG, SIMPLE VAPE CO. LONDON LTD, SMOKIO., VAPE ESCAPES, And VAPOR LINE.
Objective Study of E-Cigarettes & Vaporizer Market
- To provide detailed analysis of the E-Cigarettes & Vaporizer market along with historic data from 2011 and forecast for the next 5 years of the various segments and sub-segments of the global E-Cigarettes & Vaporizer Market
- To provide insights into the factors affecting the global market growth.
- To analyze the E-Cigarettes & Vaporizer market on the basis of factors such as price analysis, supply chain analysis, and Porter’s five force analysis.
- To provide historic and forecast revenue of the market segments and sub-segments with respect to four main geographies and their countries- North America, Europe, Asia, and Rest of the World (ROW).
- To provide country-level analysis of the market with respect to the current market size and prospective by 2021
- To provide country-level analysis of the market for segments by product type of E-Cigarettes and Vaporizes.
- To provide strategic profiling of key players in the market, comprehensively analyzing their core competencies, and drawing a competitive landscape for the market
- To track and analyze competitive developments such as joint ventures, strategic alliances, mergers and acquisitions, new product developments, and research and developments in the global E-Cigarettes & Vaporizer market.
Regional Coverage
North America
Europe
- Germany
- France
- Italy
- Spain
- U.K
- Rest of Europe
Asia– Pacific
- China
- India
- Indonesia
- Australia
- Rest of Asia Pacific
Rest of the World
Global E-Cigarette Vaporizer Market Highlights:
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