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U.S. E-cigarette And Vape Market To Register 24% CAGR By 2025 – Product Outlook, Distribution Channel Study And Growth Prospect Mapping | Million Insights

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U.S. E-cigarette And Vape Market To Register 24% CAGR By 2025 – Product Outlook, Distribution Channel Study And Growth Prospect Mapping | Million Insights

October 20
08:02 2020
U.S. E-cigarette And Vape Market To Register 24% CAGR By 2025 - Product Outlook, Distribution Channel Study And Growth Prospect Mapping | Million Insights

Million Insights – World’s Fastest Growing Market Research Database
According to new report available with Million Insights, U.S. e-cigarette & vape industry research report offer a complete analysis of current trends, scope, and financial performance of prominent players. It also offers ready, data-driven answers to several industry-level questions.

The U.S. e-cigarette and vape market size is projected to be USD 18.5 billion by 2025. The market is likely to register over 24% CAGR during the forecast years, as per a new study by Million Insights. E-cigarette and vape are known to protect against direct exposure to smoke and offer an alternative to conventional cigarettes. This benefit has led to a rise in the number of millennials in the U.S preferring this over conventional cigarettes.

E-cigarette and vapor are available in a different flavor, which further attract millennials. People, who are addicted to smoking but wish to quit, find e-cigarette useful. In addition, manufacturers claim that compared to conventional cigarettes, e-cigarettes and vapor are known to minimize the risk of cancer and related diseases.

To download the sample PDF of U.S. E-cigarette And Vape Market Report “please” click here: https://www.millioninsights.com/industry-reports/us-e-cigarette-vape-market/request-sample 

 

Product innovation and the introduction of new flavors have been among key strategic initiatives adopted by manufacturers. Further, a rise in online sales of products has encouraged manufactures to advertise their products through social networking sites. These online promotions are attracting more number of first-time smokers. 

Key players operating the U.S. e-cigarette & vape market are Japan Tobacco International; Altria Group, Inc., NicQuid, Imperial Brands and International Vapor Group among others. These players are upping their production amid rising demand and competitive pricing. 

To browse report summary & detailed TOC, “please” click the link below:
https://www.millioninsights.com/industry-reports/us-e-cigarette-vape-market 

 

Further key findings from the report suggest:

• The rechargeable segment is anticipated to hold a 24.6% share in the market over the forecast duration owing to its cost-effectiveness.

• E-liquid is gaining popularity as it can be refilled by consumers themselves.

• Retail store accounted for the largest share in the market owing to their widespread network across the U.S.

• Online channels are estimated to witness the highest growth owing to increasing promotion of e-cigarette and vape products through social media.

Million Insights has segmented the U.S. e-cigarette and vape market on the basis of product, component and distribution channel:

U.S. E-cigarette and Vape Product Outlook (Revenue, USD Million, 2014 – 2025)
    • Disposable
    • Rechargeable
    • Modular Devices

U.S. E-cigarette and Vape Component Outlook (Revenue, USD Million, 2014 – 2025)
    • Atomizer
    • Vape Mod
    • Cartomizer
    • E-liquid

U.S. E-cigarette and Vape Distribution Channel Outlook (Revenue, USD Million, 2014 – 2025)
    • Online
    • Retail Store
        • Convenience Stores
        • Drug Stores
        • News Stands
        • Tobacconist
        • Specialty E-cigarette Stores

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About Million Insights

Million Insights, is a distributor of market research reports, published by premium publishers only. We have a comprehensive marketplace that will enable you to compare data points, before you make a purchase. Enabling informed buying is our motto and we strive hard to ensure that our clients get to browse through multiple samples, prior to an investment. Service flexibility & the fastest response time are two pillars, on which our business model is founded. Our market research report store includes in-depth reports, from across various industry verticals, such as healthcare, technology, chemicals, food & beverages, consumer goods, material science & automotive.

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Website: https://www.millioninsights.com/industry-reports/us-e-cigarette-vape-market

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