NEW YORK, March 30, 2022 /PRNewswire/ -- The e-cigarette market size in UK is anticipated to grow by USD 1.20 bn from 2020 to 2025. The growth momentum of the market will progress at a CAGR of 13% during the forecast period.
Technavio helps organizations make informed business decisions through valuable insights. Read our Free Sample Report Now
Market Dynamics
The safety of e-cigarettes compared with other tobacco products is driving the e-cigarette market growth in UK. Tobacco products contain nicotine that causes addiction. E-cigarettes produce a flavored aerosol that is responsible for delivering nicotine to the lungs, which stimulates tobacco smoking without delivering toxic chemicals like tar to the lungs. Respiratory diseases, cancer, and heart conditions are a few health problems induced by smoking tobacco products. Hence, many smokers are switching to e-cigarettes to reduce the aftereffects of smoking.
However, factors such as the presence of substitute products may impede the market growth. Some of the substitutes include cigarettes, nicotine patches, nicotine snus, nasal sprays, inhalers, chewing tobacco, and lozenges. The availability of nicotine patches across the country will increase their sales during the forecast period. The number of people attempting to quit smoking by trying out other nicotine products is also growing. This will increase the demand for alternate nicotine products, thus negatively influencing the growth of the market.
Learn about other drivers and challenges impacting the market growth. View Our Free Sample Report Now
Company Profiles
Some of the companies covered in this report are 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., etc. The key offerings of some of these vendors are listed below:
Competitive Analysis
The competitive scenario provided in the e-cigarette market in UK report analyzes, evaluates, and positions companies based on various performance indicators. Some of the factors considered for this analysis include the financial performance of companies over the past few years, growth strategies, product innovations, new product launches, investments, growth in market share, etc.
Market Segmentation
Know more about the contribution of each segment of the market. View our Free Sample Report
Related Reports
E-cigarette Market by Product and Geography - Forecast and Analysis 2022-2026
Nicotine Gum Market by Product and Geography - Forecast and Analysis 2021-2025
E-cigarette Market In UK Scope |
|
Report Coverage |
Details |
Page number |
120 |
Base year |
2020 |
Forecast period |
2021-2025 |
Growth momentum & CAGR |
Accelerate at a CAGR of 13% |
Market growth 2021-2025 |
USD 1.20 billion |
Market structure |
Fragmented |
YoY growth (%) |
12.20 |
Regional analysis |
UK |
Performing market contribution |
UK at 100% |
Key consumer countries |
UK |
Competitive landscape |
Leading companies, competitive strategies, consumer engagement scope |
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. |
Market Dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact 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
Executive Summary
Market Landscape
Market Sizing
Five Forces Analysis
Market Segmentation by Product
Market Segmentation by Distribution channel
Customer landscape
Vendor Landscape
Vendor Analysis
Appendix
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 across 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.
Contact
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: [email protected]
Website: www.technavio.com/
SOURCE Technavio
Share this article