E-cigarette Market Size in the UK to Grow by USD 1.20 billion | Safety of E-cigarettes Compared with Other Tobacco Products as Key Driver | Technavio
NEW YORK, July 1, 2022
NEW YORK, July 1, 2022 /PRNewswire/ -- According to the report "E-cigarette Market in UK by Product and Distribution Channel- Forecast and Analysis 2021-2025", the market witnessed a YOY growth of 12.20% in 2021 and will experience a CAGR of 13% during the forecast period. The market is segmented by product (modular e-cigarettes, rechargeable e-cigarettes, and disposable e-cigarettes) and distribution channel (offline and online).
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The e-cigarette market in UK is fragmented, and the vendors are deploying growth strategies such as product launches and business expansions to compete in the market. The report analyzes the market's competitive landscape and offers information on several market vendors, including British American Tobacco Plc, Imperial Brands Plc, Innokin Technology Ltd., J WELL France Sarl, Japan Tobacco Inc., JUUL Labs Inc., Pax Labs Inc., Philip Morris International Inc., Shenzhen IVPS Technology Co. Ltd., and Shenzhen Kanger Technology Co. Ltd. among others.
- E-cigarette Market in UK size
- E-cigarette Market in UK trends
- E-cigarette Market in UK industry analysis
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offerings. Read a Sample Report.
The modular e-cigarettes segment will have significant market share growth during the forecast period. There is a high demand for these cigarettes owing to their wide penetration in different markets, and this demand is expected to increase during the forecast period. The cost-effectiveness of e-cigarettes will drive the growth of the segment during the forecast period.
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segments and their impact in coming years.
The safety of e-cigarettes compared with other tobacco products is driving the e-cigarette market growth in UK. E-cigarettes deliver nicotine without burning tobacco. Hence, they are considered less toxic and are safer alternatives to conventional cigarettes. Smokers in the UK are switching to e-cigarettes to reduce the aftereffects of smoking. In addition, several players are focusing on reducing the nicotine content in their products.
The presence of substitute products will challenge the e-cigarette market in UK during the forecast period. A few examples of these substitutes include cigarettes, nicotine patches, nicotine snus, nasal sprays, inhalers, chewing tobacco, and lozenges. Many people are attempting to quit smoking by trying other nicotine products. This will increase the demand for alternate nicotine products and, in turn, negatively influence the growth of the market during the forecast period.
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- CAGR of the market during the forecast period 2021-2025
- Detailed information on factors that will assist e-cigarette market growth in UK during the next five years
- Estimation of the e-cigarette market size in UK and its contribution to the parent market
- Predictions on upcoming trends and changes in consumer behavior
- The growth of the e-cigarette market in UK
- Analysis of the market's competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of e-cigarette market vendors in UK
E-cigarette Market Scope in UK
Growth momentum & CAGR
Accelerate at a CAGR of 13%
Market growth 2021-2025
USD 1.20 billion
YoY growth (%)
Leading companies, Competitive strategies, Consumer engagement scope
Key companies profiled
British American Tobacco Plc, Imperial Brands Plc, Innokin Technology Ltd., J WELL France Sarl, Japan Tobacco Inc., JUUL Labs Inc., Pax Labs Inc., Philip Morris International Inc., Shenzhen IVPS Technology Co. Ltd., and Shenzhen Kanger Technology Co. Ltd.
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period
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- Market ecosystem
- Market characteristics
- Value chain analysis
- Market definition
- Market segment analysis
- Market size 2020
- Market outlook: Forecast for 2020 - 2025
Five Forces Analysis
- Five forces summary
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
- Market condition
Market Segmentation by Product
- Market segments
- Comparison by Product
- Modular e-cigarettes - Market size and forecast 2020-2025
- Rechargeable e-cigarettes - Market size and forecast 2020-2025
- Disposable e-cigarettes - Market size and forecast 2020-2025
- Market opportunity by Product
Market Segmentation by Distribution channel
- Market segments
- Comparison by Distribution channel
- Offline - Market size and forecast 2020-2025
- Online - Market size and forecast 2020-2025
- Market opportunity by Distribution channel
- Market drivers
- Market challenges
- Market trends
- Competitive scenario
- Vendor landscape
- Landscape disruption
- Vendors covered
- Market positioning of vendors
- British American Tobacco Plc
- Imperial Brands Plc
- Innokin Technology Ltd.
- J WELL France Sarl
- Japan Tobacco Inc.
- JUUL Labs Inc.
- Pax Labs Inc.
- Philip Morris International Inc.
- Shenzhen IVPS Technology Co. Ltd.
- Shenzhen Kanger Technology Co. Ltd.
- Scope of the report
- Currency conversion rates for US$
- Research methodology
- List of abbreviations
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