According to www.strategyr.com Recently, GIA released a market research report entitled "electronic smoke - global market trajectory and analysis". According to the report, the global e-cigarette market is estimated at US $16.6 billion in 2020, and is expected to reach 28.3 billion US dollars by 2027, and the composite annual growth rate between 2020 and 2027 is 7.9%.
It is predicted that in terms of electronic smoke segment products, modular e-cigarettes will grow at a compound annual growth rate of 8.4%, and its market size will reach 15.1 billion US dollars by 2027. The compound annual growth rate of rechargeable electronic smoke in the next seven years is 7.2%. The composite annual growth rate of disposable e-cigarettes in 2020-2027 is 7.7%. During this period, the United States, Canada, Japan, China and Europe will jointly promote the growth rate of disposable e-cigarettes market at a compound annual growth rate of 7.1%; The total scale of disposable e-cigarettes market in these regions in 2020 is $2 billion, and it is expected to reach 3.2 billion US dollars by 2027; China will remain one of the fastest growing countries in the disposable e-cigarette market. Driven by Australia, India and South Korea, the Asia Pacific market of disposable e-cigarettes is expected to reach 3.9 billion US dollars by 2027; The composite annual growth rate of the one-off e-cigarette Latin American market in 2020-2027 will reach 9.1%.
In terms of the e-cigarette regional market, the U.S. e-cigarette market will be valued at $4.5 billion in 2020. China's market size is expected to reach $6.4 billion by 2027, with a composite annual growth rate of 12.1% between 2020 and 2027. Other notable regional markets, including Japan, Canada and Germany, are expected to grow at a compound annual rate of 4.3%, 7.1% and 5.1% in the three countries between 2020 and 2027, respectively.