Asia-Pacific E-cigarette Market, Industry Insights by Product, Distribution Channel and Aftermarket Products

Posted August 1, 2019 by vynzresearch

The Asia-Pacific e-cigarette market is expected to grow at a CAGR of 26.7% during the forecast period with its market size predicted to reach USD 13.5 billion by 2024.

Increasing prevalence of cancer and cardiovascular diseases related to smoking, government initiatives to curb tobacco abuse, technological advancements are the major factors leading to the high demand for e-cigarettes in the Asia-Pacific market.

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Based on product the market is categorized into cig-a-like, vaporizer and vape mode. Of all the products, cig-a-like holds the largest share in the Asia-Pacific market, owing to their lower cost. The cig-a-like e-cigarette market is further segmented into disposable and rechargeable cig-a-like. Among the two types, the market size for disposable cig-a-like is larger across the globe.

Based on distribution channel, the e-cigarette market is subdivided into supermarkets, online, vape shops, and tobacconists. In 2018, the majority of e-cigarettes were distributed through vape shops and the trend is anticipated to remain the same during the forecast period.

The aftermarket for e-cigarette holds immense opportunities for the industry players, with its market anticipated to observe the higher growth than the actual e-cigarette market.

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The key players operating in the Asia-Pacific e-cigarette market are China National Tobacco Corporation, Turning Point Brands, Inc. (International Vapor Group), British American Tobacco plc, VMR Products LLC, Altria Group Inc., Japan Tobacco Inc., Philip Morris International Inc., Imperial Brands plc, VAPETASIA, Puff E-Cig, ITC Limited, and Boluvaper Technology Co., Ltd.

Source: VynZ Research
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Last Updated August 1, 2019