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The global e-cigarette market will reach US $45billion in 2026

2021/03/17|Knowledge

According to the news from globe Newswire, a recent research report from a consulting company in the United States shows that the global e-cigarette market will reach US $14 billion in 2019. The compound annual growth rate of e-cigarette market is 17.0%, which is expected to reach about US $45 billion by 2026. In this industry, the world's major market and product participants include Philip Morris International Tobacco, njoy Co., Ltd., British American tobacco, imperial brands, Juul labs Inc., vapor hub international and Japan Tobacco International.

According to the analysis of the consulting company, the demand for e-cigarettes among young people is also increasing due to the changes in purchasing preferences of people aged 18 to 35, which has led to the prosperity of the global e-cigarette market. In addition, e-cigarette companies are also launching new products with new flavors and new additives, and have successfully attracted a number of new consumers.

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