UK Market Size for E-cigarettes to grow by USD 1,374.46 million from 2022 to 2027|Prominence of private-label brands to be a major market trend - Technavio
NEW YORK, June 30, 2023 /PRNewswire/ -- The e-cigarette market in UK size is forecast to increase by USD 1,374.46 million from 2022 to 2027. The market is estimated to progress at a CAGR of 12.8%, according to a recent market study by Technavio. The growth of the market will be driven by the Safer than other tobacco products, Product launches, and High availability of e-cigarettes across different distribution formats. Charts & data tables about market and segment sizes for a historic period of five (2017-2021) years have been covered in this report. Download The Sample Report
Technavio has extensively analyzed 15 major vendors, including 1111 EC Service Ltd., British American Tobacco Plc, Flavour Warehouse Ltd., Geekvape, Imperial Brands Plc, Innokin Technology Ltd., J WELL France Sarl, Japan Tobacco Inc., LOSTVAPE, Pax Labs Inc., Philip Morris International Inc., RELX International Enterprise HK Ltd., Shenzhen IVPS Technology Co. Ltd., SMOORE International Holdings Ltd., and VOOPOO
Get a holistic overview of the UK E-cigarette Marketby industry experts to evaluate and develop growth strategies. Download the Sample
Key Benefits for Industry Players & Stakeholders ?
The report offers information on the criticality of vendor inputs, including R&D, CAPEX, and technology.
It also provides detailed analyses of the market's competitive landscape and vendors' product offerings.
The report also provides a qualitative and quantitative analysis of vendors to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize vendors as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize vendors as dominant, leading, strong, tentative, and weak.
This report extensively covers market segmentation by product (modular e-cigarettes, rechargeable e-cigarettes, and disposable e-cigarettes) and distribution channel (offline and online).
The market share growth by the modular e-cigarettes segment will be significant for market growth during the forecast period. Due to their numerous customization options, e-cigarettes offer a better vaping experience and enable control over vapor production, variable voltage, battery power, and e-juice. Also, owing to their widespread market penetration, the demand for modular e-cigarettes is currently high and is anticipated to rise with the release of new products during the forecast period. Therefore, the demand for modular e-cigarettes will increase, which will boost the market segment growth during the forecast period.
To get detailed insights about inclusions and exclusions, buy the report
E-cigarette Market in UK - Market Dynamics
Key Drivers
The high availability of e-cigarettes across different distribution formats drives the growth of the e-cigarette market in the UK. Experts in the UK urge smokers to switch to e-cigarettes to reduce the after-effects of smoking like respiratory diseases, cancer, and heart diseases. Various market players have focused on reducing the nicotine content of their products, which is an addictive substance.
Furthermore, these cigarettes produce a flavored aerosol that helps deliver nicotine to the lungs, facilitating cigarette smoking without delivering toxic chemicals such as tar to the lungs. Hence, such technologically advanced innovations aim to help adult smokers switch to better alternatives.
Significant Trends
The prominence of private-label brands is an emerging e-cigarette market trend. Various major retailers across the UK focus on launching their own branded e-cigarettes to take advantage of the growing demand. Thus, the private label segment has grown in scope and size over the past decade.
Resultantly, price-sensitive consumers are more likely to purchase private-label products. Furthermore, product innovation helps suppliers gain a competitive edge over their competitors and increase product sales. Hence, such trends boost the market growth during the forecast period.
Major Challenges
Various health issues caused by using e-cigarettes hinder the growth of the market. Scientists are still learning about the long-term harmful effects of e-cigarettes. They can cause hand and face burns and other injuries from battery malfunction.
Additionally, the existence of various alternatives, such as cigarettes, nicotine patches, nicotine snus, nasal sprays, inhalers, chewing tobacco, and lozenges, also poses a major challenge to the market. Also, an increasing number of people are trying other nicotine products to quit smoking. Hence, such challenges impede market growth during the forecast period.
What are the key data covered in this E-cigarette Market report in UK?
CAGR of the market during the forecast period
Detailed information on factors that will drive the growth of the E-cigarette market in UK between 2023 and 2027
Precise estimation of the size of the E-cigarette market in UK and its contribution to the market with a focus on the parent market
Accurate predictions about upcoming trends and changes in consumer behavior
Growth of the E-cigarette market across UK
A thorough analysis of the market's competitive landscape and detailed information about vendors
Comprehensive analysis of factors that will challenge the growth of E-cigarette market vendors in UK
The herbal cigarette market size in the US is expected to increase by USD 315.53 million from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 10.75%. Furthermore, this report extensively covers herbal cigarette market segmentation in the US by distribution channel (offline and online) and type (inorganic herbal cigarettes and organic herbal cigarettes). The increasing availability of herbal cigarettes across various distribution channels is notably driving the herbal cigarette market growth in the US.
The clove cigarettes market in APAC is estimated to grow at a CAGR of 5.7% between 2022 and 2027. The APAC clove cigarettes market size is forecast to increase by USD 8,588.22 million. This APAC clove cigarettes market research report extensively covers market segmentation by product (machine-made clove cigarettes and hand-rolled clove cigarettes), and end-user (male and female). The rising demand due to growth in organized retailing is notably driving the market growth.
E-cigarette Market Scope in UK
Report Coverage
Details
Base year
2022
Historic period
2017-2021
Forecast period
2023-2027
Growth momentum & CAGR
Accelerate at a CAGR of 12.8%
Market growth 2023-2027
USD 1,374.46 million
Market structure
Fragmented
YoY growth 2022-2023 (%)
12.2
Competitive landscape
Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks
Key companies profiled
1111 EC Service Ltd., British American Tobacco Plc, Flavour Warehouse Ltd., Geekvape, Imperial Brands Plc, Innokin Technology Ltd., J WELL France Sarl, Japan Tobacco Inc., LOSTVAPE, Pax Labs Inc., Philip Morris International Inc., RELX International Enterprise HK Ltd., Shenzhen IVPS Technology Co. Ltd., SMOORE International Holdings Ltd., and VOOPOO
Market dynamics
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 forecast period.
Customization purview
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.
Table of Contents
1 Executive Summary
1.1 Market overview
Exhibit 01: Executive Summary ? Chart on Market Overview
Exhibit 02: Executive Summary ? Data Table on Market Overview
Exhibit 03: Executive Summary ? Chart on Country Market Characteristics
Exhibit 04: Executive Summary ? Chart on Market Segmentation by Product
Exhibit 05: Executive Summary ? Chart on Market Segmentation by Distribution Channel
Exhibit 06: Executive Summary ? Chart on Vendor Market Positioning
2 Market Landscape
2.1 Market ecosystem
Exhibit 07: Parent market
Exhibit 08: Market Characteristics
3 Market Sizing
3.1 Market definition
Exhibit 09: Offerings of vendors included in the market definition
3.2 Market segment analysis
Exhibit 10: Market segments
3.3 Market size 2022
3.4 Market outlook: Forecast for 2022-2027
Exhibit 11: Chart on UK - Market size and forecast 2022-2027 ($ million)
Exhibit 12: Data Table on UK - Market size and forecast 2022-2027 ($ million)
Exhibit 13: Chart on UK: Year-over-year growth 2022-2027 (%)
Exhibit 14: Data Table on UK: Year-over-year growth 2022-2027 (%)
4 Historic Market Size
4.1 E-cigarette market in UK 2017 - 2021
Exhibit 15: Historic Market Size ? Data Table on E-cigarette market in UK 2017 - 2021 ($ million)
Exhibit 110: SMOORE International Holdings Ltd. - Overview
Exhibit 111: SMOORE International Holdings Ltd. - Product / Service
Exhibit 112: SMOORE International Holdings Ltd. - Key offerings
11.17 VOOPOO
Exhibit 113: VOOPOO - Overview
Exhibit 114: VOOPOO - Product / Service
Exhibit 115: VOOPOO - Key offerings
12 Appendix
12.1 Scope of the report
12.2 Inclusions and exclusions checklist
Exhibit 116: Inclusions checklist
Exhibit 117: Exclusions checklist
12.3 Currency conversion rates for US$
Exhibit 118: Currency conversion rates for US$
12.4 Research methodology
Exhibit 119: Research methodology
Exhibit 120: Validation techniques employed for market sizing
Exhibit 121: Information sources
12.5 List of abbreviations
Exhibit 122: List of abbreviations
About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
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