Global Vapor Products Market Global Scenario, Market Size, Outlook, Trend, and Forecast, 2020 – 2030

The Global Vapor Products Market is projected to attain a CAGR of 21% during the forecast period from 2021- 2030.

Vapor products are referred as battery-powered devices which are rechargeable that heat liquid formulations to create vapor for inhalation. A vaporizer (vape) is a device that vaporizes substances for inhalation such as heated tobacco and electronic cigarettes. Mostly plant substances are used such as tobacco, cannabis or other herbs.

Market Dynamics

The prime reasons attributed for the popularity and expansion of vapor products is attributed to a wide range of flavors in different shapes are creating huge demand among youngsters across the world. Evolving the taste of consumers is augmenting the diversity of e-liquid flavors with botanical, tobacco, and fruit flavors most consumed. In addition, the composition of several flavors is recently evolving the market trend. Furthermore, a decrease in the cost of vaping or e-cigarettes is rising customer acceptance and is anticipated to augment the global vapor products market during the forecast period.

Rechargeable e-cigarettes are well received among consumers owing to their high level of flexibility compared to single-use products. Disposable e-cigarettes are cost-effective in long term with the wide availability of flavors and are safer to use compared to traditional cigarettes are anticipated to fuel the market growth.

The Global Vapor Products Market is segmented by flavor, product, distribution channel, and region. Based on flavor, it is categorized into botanical, sweet, tobacco, fruit, beverage, and others. By product, it bifurcates into rechargeable, disposable, and modular. The distribution channel is bifurcated into e-commerce and retail shops. Based on regional insights, the global vapor products market is categorized into North America (US, Canada, Mexico, Rest of America), Asia Pacific (India, China, Rest of Asia Pacific), Europe (UK, Germany, Russia, Rest of Europe) and Rest of the world (Latin America and Middle East & Africa).

Prominent players inducing the Global Vapor Products Market are British American Tobacco, International Vapor Group, NicotekLlc, Philip Morris International Inc., VMR Flavors LLC, Altria Group, Imperial Brands, Japan Tobacco, Njoy Inc., and Reynolds American Inc. among others.

Segmentation and Scope of the Global Vapor Products Market

Global Vapor Products Market is segmented by flavor, product, distribution channel, and region.

By Flavor

  • Botanical
  • Sweet
  • Tobacco
  • Fruit
  • Beverage
  • Others

By Product

  • Rechargeable
  • Disposable
  • Modular

By Distribution Channel

  • E-Commerce
  • Retail Shops

By Region

North America

  • US
  • Canada
  • Mexico

Europe

  • UK
  • Germany
  • Russia
  • Spain
  • Italy
  • Rest of Europe

Asia Pacific

  • India
  • China
  • Japan
  • Australia
  • South Korea
  • Rest of Asia Pacific

Rest of World

Middle East & Africa

  • Saudi Arabia
  • South Africa
  • Rest of Middle East & Africa

Latin America

  • Argentina
  • Brazil
  • Rest of Latin America

Prominent players in the Global Vapor Products Market among other includes

  • British American Tobacco
  • International Vapor Group
  • NicotekLlc
  • Philip Morris International Inc.
  • VMR Flavors LLC
  • Altria Group
  • Imperial Brands
  • Japan Tobacco
  • Njoy Inc.
  • Reynolds American Inc.
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