USD 5.7 billion
Report ID:
SQMIG30J2017 |
Region:
Global |
Published Date: July, 2024
Pages:
157
|Tables:
88
|Figures:
79
Disposable E-Cigarettes Market size was valued at USD 5.7 billion in 2021 and is poised to grow from USD 6.8 billion in 2022 to USD 14.8 billion by 2030, growing at a CAGR of 11.2% in the forecast period (2023-2030).
Disposable e-cigarettes are a type of electronic cigarette that is designed to be used once and then thrown away. They are typically small and compact, resembling a traditional tobacco cigarette in size and shape. Disposable e-cigarettes are pre-filled with e-liquid and come with a built-in battery that is activated when the user inhales. They offer a convenient and easy-to-use option for those who are new to vaping or who are looking for a hassle-free experience. Disposable e-cigarettes come in a range of flavors and nicotine strengths to suit different preferences, and they are widely available at vape shops and online retailers. However, they are not environmentally friendly and can contribute to e-waste. As reported by Truth Initiative in June 2021, 28% of e-cigarettes and disposable products were sold online. The availability of approved disposable e-cigarettes from health bodies such as the National Medical Products Administration (NMPA) is also expected to drive market growth as they are seen as a safer alternative to traditional tobacco smoking. The millennial population's increasing preference for disposable e-cigarettes is expected to drive market growth in the coming years. Key players are launching new and innovative products to cater to the growing demand for these products among consumers. For example, Dinner Lady, a U.K.-based vape brand, launched a disposable vape pen in January 2021 to support consumers in terms of health and provide more sustainable options.
Disposable e-cigarettes is also gaining traction among consumers who want hassle-free smoking without the need for recharging or refills. RELX International entered the disposable market in May 2022 by introducing two new disposable vape brands, RELX x BubbleMon and WAKA Mini. These devices feature transparent oil cabinets that reveal the e-liquid levels, enabling consumers to know when to purchase a new device. Consumers' increasing inclination towards different flavors such as cinnamon, berry, vanilla, saffron, and apple presents a lucrative opportunity for players in the disposable e-cigarette market. BIDI Stick, a disposable e-cigarette brand, launched new flavor names as direct translations from its previous flavors, such as Marigold, Arctic, and Solar, among others, in July 2021. However, the market's growth rate may be altered by potential environmental harm caused at each stage of the disposable e-cigarette product lifecycle, including mining, manufacturing, using, and disposing of. Truth Initiative reported in March 2021 that almost half of young people are unsure of how to dispose of used e-cigarette pods and disposable devices. This results in e-waste being shipped from Western countries to developing countries, posing an environmental hazard. Government initiatives for safe disposal of these products could help the market grow. However, the use of e-cigarettes has also raised concerns among health organizations and governments around the world. The World Health Organization (WHO) has expressed concern over the potential health risks associated with e-cigarette use, including the possibility of nicotine addiction, lung damage, and other health problems. In addition, several studies have suggested that e-cigarettes may not be as safe as they are often marketed to be. One study published in the journal Environmental Science & Technology found that e-cigarette vapor contains harmful chemicals, including formaldehyde and acetaldehyde, which can cause respiratory problems. Health organizations, including the American Heart Association and the American Lung Association, have called for tighter regulation of e-cigarettes and increased public education about the potential risks associated with their use. They also encourage smokers to use FDA-approved cessation methods, such as nicotine replacement therapy or prescription medications, rather than turning to e-cigarettes.
US Disposable E-Cigarettes Market is poised to grow at a sustainable CAGR for the next forecast year.
Global Market Size
USD 5.7 billion
Largest Segment
Closed-System Disposable E-Cigarettes
Fastest Growth
Closed-System Disposable E-Cigarettes
Growth Rate
11.2% CAGR
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Global Disposable E-Cigarettes market is segmented by product type, flavor, distribution channel, and region. Based on product type, the market can be segmented into closed-system disposable e-cigarettes and open-system disposable e-cigarettes. Based on flavor, the market can be segmented into fruit, menthol, tobacco, dessert, and others. Based on distribution channel, the market is segmented into online and offline sales. Based on region, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
Disposable E-Cigarettes Market Analysis by Product Type
By product type, the market can be segmented into closed-system disposable e-cigarettes and open-system disposable e-cigarettes. The closed-system disposable e-cigarettes segment dominated the global market. These have a pre-filled e-liquid tank and cannot be refilled or recharged, while open-system disposable e-cigarettes allow users to refill the e-liquid and recharge the battery. This segmentation is crucial as it reflects the preferences and needs of the users and impacts the sales of the products. Closed-system disposable e-cigarettes are popular among first-time e-cigarette users who prefer simplicity and convenience. They are easy to use and do not require any maintenance, making them a convenient alternative to traditional cigarettes. Closed-system e-cigarettes are also preferred by those who do not want to deal with the hassle of refilling the e-liquid or changing the coils. This type of e-cigarette is gaining traction in the market due to its user-friendly features, and its demand is expected to increase in the coming years.
Open-system disposable e-cigarettes segment is the expected to grow at the fastest CAGR. These offer more customization options and control to the users. They allow users to experiment with different e-liquid flavors and nicotine strengths. Open-system disposable e-cigarettes are also more cost-effective in the long run as users can replace the e-liquid and recharge the battery as needed. This type of e-cigarette is preferred by experienced vapers who are looking for more control over their vaping experience.
Disposable E-Cigarettes Market Analysis by Flavor
By flavor, the market can be segmented into fruit, menthol, tobacco, dessert, and others. The fruit flavor segment dominated the global market. Consumers in this segment prefer flavors that are derived from natural fruits, such as strawberry, raspberry, and apple, among others. The fruit flavor segment is popular among consumers of all ages, including children, teenagers, and adults. This segment is often used in products such as energy drinks, soft drinks, and chewing gum.
The menthol flavor segment is expected to grow at the fastest CAGR. Menthol flavors are widely used in products such as cigarettes, chewing gum, and throat lozenges. Menthol flavors are popular among consumers who prefer a cool and refreshing taste. This segment is particularly popular among young adults.
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North America dominated the global market. The region's dominance can be attributed to several factors, including a large population, high disposable incomes, and a strong food and beverage industry. The United States is the largest flavor market in North America, accounting for the majority of the region's revenue. The country has a highly developed food and beverage industry, which drives the demand for flavors in various products such as carbonated soft drinks, energy drinks, and snack foods. Additionally, the country's large population and high disposable income levels make it an attractive market for flavor manufacturers. Canada is another important market for flavors in North America. The country has a growing food and beverage industry and is home to several large food and beverage manufacturers. The country's diverse population has also contributed to the demand for a wide range of flavors, including ethnic flavors. Mexico is a significant market for flavors in North America, with a growing food and beverage industry and a large population. The country's warm climate has contributed to the popularity of fruity and refreshing flavors in various products such as soft drinks and frozen desserts.
The Asia-Pacific (APAC) region is one of the fastest-growing regions in the global disposable e-cigarette market. The region's growth can be attributed to various factors, including the large and growing population, increasing disposable income, and the shift towards healthier alternatives to traditional tobacco smoking. China is the largest market for disposable e-cigarettes in the APAC region, with a significant share of the global market. The country's large population and the popularity of e-cigarettes as a smoking cessation aid have driven the growth of the market. Furthermore, the Chinese government's support for the development of the e-cigarette industry and the increasing number of e-cigarette manufacturers have contributed to the growth of the market. Japan is another significant market for disposable e-cigarettes in the APAC region. The country's aging population and the increasing awareness of the harmful effects of traditional tobacco smoking have led to a growing demand for e-cigarettes as a healthier alternative. Furthermore, the Japanese government's strict regulations on traditional tobacco products have led to the popularity of e-cigarettes as a viable alternative. The Indian market for disposable e-cigarettes is also growing rapidly, driven by the large and growing population, increasing disposable income, and the availability of a wide range of products. However, the Indian government's strict regulations on e-cigarettes have limited the growth of the market. Other fast-growing markets in the APAC region include South Korea, Thailand, and Indonesia. The growth of the market in these countries can be attributed to the increasing awareness of the harmful effects of traditional tobacco smoking and the popularity of e-cigarettes as a healthier alternative.
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Disposable E-Cigarettes Market Drivers
Increasing demand for natural and organic flavors
Disposable E-Cigarettes Market Restraints
Increasing regulations imposed by governments around the world
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Global disposable e-cigarette market is expected to witness substantial growth over the forecast period due to increasing consumer demand for e-cigarettes as a safer alternative to traditional cigarettes. However, the market is also witnessing the emergence of several new players, who are offering innovative products and leveraging technology to gain a competitive edge. The market is also characterized by the presence of several regulatory challenges, with governments around the world grappling with the best way to regulate the use and sale of e-cigarettes. Despite these challenges, the market is expected to witness steady growth in the coming years, driven by increasing consumer awareness and changing lifestyles.
Disposable E-Cigarettes Market Top Player’s Company Profiles
Disposable E-Cigarettes Market Recent Developments
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
According to our global disposable e-cigarette market analysis, the market is a dynamic and rapidly evolving industry, driven by changing consumer preferences and regulatory developments. Key players in the market are constantly innovating to develop new and improved products, with a particular focus on flavors and technology. The market is also facing significant regulatory challenges, with governments around the world grappling with the best way to regulate e-cigarettes and protect public health. However, despite these challenges, the market is expected to continue growing in the coming years, driven by increasing awareness of the potential health benefits of e-cigarettes over traditional tobacco products. As the market continues to evolve, it will be important for e-cigarette manufacturers and stakeholders to work closely with regulators and public health experts to ensure that these products are safe, effective, and accessible to those who wish to use them. In addition, continued research into the long-term health effects of e-cigarettes will be essential to inform regulatory decisions and ensure that consumers have accurate information about these products.
Report Metric | Details |
---|---|
Market size value in 2023 | USD 5.7 billion |
Market size value in 2031 | USD 14.8 billion |
Growth Rate | 11.2% |
Forecast period | 2024-2031 |
Forecast Unit (Value) | USD Billion |
Segments covered |
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Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
Companies covered |
Disposable E-Cigarettes Market Recent Developments
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Customization scope | Free report customization with purchase. Customization includes:-
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Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the Disposable E-Cigarettes Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Disposable E-Cigarettes Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Disposable E-Cigarettes Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
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Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
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Report ID: SQMIG30J2017
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