The latest report published by IMARC Group, titled “United States E-Cigarette Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2024-2029”, offers a comprehensive analysis of the industry, which comprises insights on United States E-Cigarette market share. The report also includes competitor and regional analysis, and contemporary advancements in the market. The United States e-cigarette market size reached US$ 10.4 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 26.8 Billion by 2029, exhibiting a growth rate (CAGR) of 16.9% during 2024-2029.
An E-cigarette, or electronic cigarette, is a battery-operated device that mimics the experience of smoking by heating a liquid solution, commonly referred to as e-liquid or vape juice, into an aerosol. This aerosol is then inhaled by the user, simulating the act of smoking. The primary components of an e-cigarette include a battery, a heating element, and a tank or cartridge that holds the e-liquid. These e-liquids typically contain varying concentrations of nicotine, flavorings, and other additives. The heating element or atomizer works by drawing power from the battery to heat the e-liquid until it turns into an aerosol.
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Market Trends:
The market in the United States is primarily driven by the increasing public interest in alternatives to traditional tobacco smoking. In line with this, the availability of a variety of flavors and nicotine concentrations is also providing an impetus to the market. Moreover, targeted marketing strategies focusing on younger demographics are acting as a significant growth-inducing factor for the market. In addition to this, the development of online sales channels ensuring easy availability of e-cigarettes is resulting in a greater market reach. Besides this, the decrease in the price of e-cigarette components due to mass production is creating lucrative opportunities in the market. The market is further driven by public perception that e-cigarettes are less harmful than traditional cigarettes. Apart from this, favorable tax regimes compared to traditional tobacco products are propelling the market. Some of the other factors contributing to the market include the growing number of vape shops and designated smoking areas, and rising consumer preference for smokeless and ashless consumption.
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United States E-Cigarette Market Segmentation:
Our report has categorized the market based on region, product, flavor, mode of operation and distribution channel.
Breakup by Product:
- Modular E-Cigarette
- Rechargeable E-Cigarette
- Next-Generation E-Cigarette
- Disposable E-Cigarette
Breakup by Flavor:
- Tobacco
- Botanical
- Fruit
- Sweet
- Beverage
- Others
Breakup by Mode of Operation:
- Automatic E-Cigarette
- Manual E-Cigarette
Breakup by Distribution Channel:
- Specialist E-Cig Shops
- Online
- Supermarkets and Hypermarkets
- Tobacconist
- Others
Breakup by Region:
- Northeast
- Midwest
- South
- West
Key highlights of the report:
- Market Performance (2018-2023)
- Market Outlook (2024-2029)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
About Us
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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