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Middle East and Africa E-cigarette and Vape Market Trends, Revenue, Growth Drivers, Share, Future Opportunities and Challenges 2033: SPER Market Research

admin November 26, 2024 Consumer Goods

Electronic devices that mimic smoking are known as e-cigarettes. Usually, they include a heating element, a battery, and an e-liquid cartridge or tank. The user inhales the vaporized e-liquid after the heating element vaporizes it when the gadget is turned on. In contrast to conventional cigarettes, e-cigarettes don’t burn and don’t release tar, smoke, or many of the dangerous chemicals that come with tobacco smoke. An alternate nicotine delivery method that might be less dangerous than traditional smoking is provided by e-cigarettes.

According to SPER market research, ‘Middle East & Africa E-cigarette and Vape Market Size- By Product, By Category, By Distribution Channel – Regional Outlook, Competitive Strategies and Segment Forecast to 2033’ state that the Middle East & Africa E-cigarette and Vape Market is predicted to reach 3685.54 million by 2033 with a CAGR of 20.01%.

Drivers: Increased consumer awareness of the health risks associated with traditional smoking, as well as an increase in demand for alternative smoking options such as e-cigarettes, are driving the Middle East and Africa e-cigarette market. The wide range of e-cigarette tastes available in this location, from menthol to exotic fruit blends, is attracting a large client base. Product accessibility and selection in hypermarkets and specialty online stores are improving as a result of significant improvements in retail strategies, such as the transition to organized retail and improved online sales platforms. Strategic marketing and distribution strategies, together with the expanding availability of e-cigarettes in retail channels throughout the Middle East and Africa, have made it easier to purchase these products, resulting in spectacular market expansion.

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Restraints:

Regulatory Challenges: The regulatory landscape for e-cigarettes differs per country in the Middle East and Africa. Some countries have completely outlawed e-cigarettes, while others have placed limitations on advertising and sales. This regulatory ambiguity presents issues for producers and distributors.

Counterfeit Products: The industry is rife with counterfeit and substandard e-cigarettes. These items not only endanger consumers’ health, but they also erode the trust of legitimate manufacturers.

The Covid-19 pandemic has had a positive and bad impact on the Middle Eastern and African e-cigarette markets.

Increased Health Consciousness: The epidemic has increased people’s health awareness, leading to a greater interest in healthier living options. This has prompted some smokers to consider e-cigarettes as a viable alternative to traditional smoking.

Supply Chain Disruption: The global epidemic and associated lockdowns have disrupted supply networks, reducing the availability of e-cigarettes. Manufacturing, shipping, and import/export delays have all impacted the market.

Middle East & Africa E-cigarette and Vape Market Key Players:

The UAE dominates the Middle East and Africa E-cigarette and Vape Market. Higher disposable incomes, a progressive legal environment that allows for the controlled sale and use of e-cigarettes, and a strong retail and e-commerce infrastructure all contribute to this dominant position. The UAE’s substantial expatriate community, along with a robust tourism economy, drives up demand for e-cigarettes and vape items in the region. Significant participants in the market also include Altria Group Inc, British American Tobacco, Imperial Brands PLC, Vapor Group Inc, Japan Tobacco Inc, Pax Global Technology Ltd, and other well-known companies.

Middle East & Africa E-cigarette and Vape Market Segmentation:

By Product: Based on the Product, Middle East & Africa E-cigarette and Vape Market is segmented as; Disposable, Rechargeable, Modular Devices.

By Category: Based on the Category, Middle East & Africa E-cigarette and Vape Market is segmented as; Online, Retail.

By Distribution Channel: Based on the Distribution Channel, Middle East & Africa E-cigarette and Vape Market is segmented as; Online, Retail.

By Region: This research also includes data for South Africa, Nigeria, Kenya, Ghana, United Arab Emirates, Egypt, Rest of Middle East & Africa.

This study also encompasses various drivers and restraining factors of this market for the forecast period. Various growth opportunities are also discussed in the report.

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Middle East E-cigarette and Vape Market Outlook

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Philippines E-cigarette and Vape Market Size, Share, Trends, Revenue, Growth Drivers, Opportunities, Challenges and Forecast 2033: SPER Market Research

admin March 19, 2024 Business, Consumer Goods, News

Electronic cigarettes, or e-cigarettes for short, are battery-operated devices that heat a liquid that contains nicotine, flavorings, and other substances to produce an aerosol, also known as a vapor. To simulate smoking real cigarettes, users inhale this mist. Vaping, on the other hand, is the process of inhaling vapor from an electronic cigarette or other similar device. The phrase “vaping” refers to the usage of various vaporizers, such as those for herbs or cannabis. Vaping and e-cigarette use have grown significantly, especially among young people. The long-term health implications of vaping and e-cigarettes are not fully understood, despite the belief held by some that they are less dangerous than traditional smoking.

According to SPER market research, ‘Philippines E-cigarette and Vape Market Size- By Product, By Category, By Distribution channel – Regional Outlook, Competitive Strategies and Segment Forecast to 2033’ state that the Philippines E-cigarette and Vape Market is predicted to reach USD 639.35 Million by 2033 with a CAGR of 18.89%.

Drivers:

The Philippine e-cigarette and vape industry has grown significantly as a result of several key causes. A major contributing factor is the growing public awareness of the harmful effects of traditional tobacco usage, which has encouraged many individuals to look for alternatives like vaping. Customers are turning to e-cigarettes as a possibly safer alternative to traditional cigarettes as more research suggests that vaping may be less harmful than smoking combustible cigarettes. In addition, e-cigarettes are appealing due to their adaptability and customizability, offering a broad range of nicotine doses and flavors to suit different user preferences.

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Challenges:

A major challenge is the lack of thorough regulatory frameworks, which breeds doubt in the minds of consumers and companies alike. Due to this ambiguity, uncontrolled goods that could endanger users’ health can proliferate and are subject to uneven regulation. In addition, the stigma around vaping persists, made worse by false information and assumptions about how safe it is in comparison to conventional tobacco products. Concerns around adolescent addiction and use worsen the regulatory environment, prompting demands for more stringent guidelines and age limitations.

The COVID-19 pandemic has had a variety of effects on the vape and e-cigarette sectors in the Philippines. Examples of non-essential products whose demand may decrease as a result of the economic crisis brought on by lockdowns and restrictions on consumer spending are vaping equipment and e-liquids. The distribution of vaping products has also been impacted by supply chain disruptions and logistical issues, which have an effect on market dynamics.

Additionally, Some of the market key players are Altria Group Inc.; British American Tobacco plc; Geekvape; Imperial Brands plc; Japan Tobacco Inc.

Philippines E-cigarette and Vape Market Segmentation:

By Product: Based on the Product, Philippines E-cigarette and Vape Market is segmented as; Disposable, Rechargeable, Modular Devices.

By Category: Based on the Category, Philippines E-cigarette and Vape Market is segmented as; Category (Open Vaping Systems, Closed Vaping Systems.

By Distribution Channel: Based on the Distribution Channel, Philippines E-cigarette and Vape Market is segmented as; Online, Retail.

By Region: This research also includes data for Eastern Region, Western Region, Southern Region, Northern Region.

This study also encompasses various drivers and restraining factors of this market for the forecast period. Various growth opportunities are also discussed in the report.

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Philippines E-cigarette and Vape Market Scope

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E-Cigarette Market Growth and Share, Trends, Revenue, Challenges, Key Manufacturers, Future Investment and Forecast 2033: SPER Market Research

admin August 1, 2023 Business, Consumer Goods

E-cigarettes, also known as electronic cigarettes, have risen to prominence as battery-operated devices that emit vapor, containing either nicotine or non-nicotine solutions for inhalation. Their main goal is to replicate the sensation of smoking tobacco without producing actual smoke. Marketed as a means to reduce or quit smoking, e-cigarettes have surged in popularity, surpassing traditional tobacco products.

According to SPER market research, ‘E-Cigarette Market Size- By Product Type, By Battery Mode, By Distribution Channel- Regional Outlook, Competitive Strategies and Segment Forecast to 2033’ state that the E-Cigarette Market is predicted to reach USD 94.94 billion by 2033 with a CAGR of 13.61%.

The worldwide e-cigarette market has expanded significantly in recent years, mostly due to a number of important factors. First off, as people become more aware of the detrimental health effects of smoking traditional tobacco, the demand for e-cigarettes has increased as a result of people looking for less harmful substitutes. Further fueling market expansion is the impression of e-cigarettes as a hip and contemporary lifestyle item, which has drawn a younger consumer base. E-cigarettes’ success among users who are constantly on the go is also largely due to their portability and ease of usage. Additionally, the introduction of a wide range of flavours and personalization choices has greatly increased the appeal of e-cigarettes and catered to a variety of consumer tastes. E-cigarette use in public has grown as a result of the lack of offensive odours associated with regular cigarettes.

However, despite the market’s expansion, serious problems still exist. The absence of long-term scientific evidence supporting e-cigarette safety is one of the main issues, which causes continued regulatory uncertainty across many locations. Furthermore, certain e-cigarette businesses’ aggressive marketing strategies, particularly those directed at young people, have sparked worries about addiction and health dangers. Additionally, the market’s abundance of fake and subpar goods endangers the security and confidence of consumers.

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The COVID-19 epidemic had both beneficial and negative effects on the worldwide e-cigarette business. On the one hand, lockdowns and social segregation policies spurred online e-cigarette sales as people looked for alternatives to conventional tobacco products. However, supply chain snarls and production freezes had an impact on which e-cigarette brands were readily available. Additionally, worries about respiratory health during the epidemic prompted inquiries about the potential risks of vaping, which temporarily decreased sales. The dynamics of the market were additionally impacted by regional limits and regulatory changes. Overall, the epidemic presented both possibilities and problems to the world’s e-cigarette sector.

E-Cigarette Market Key Segments Covered

The SPER Market Research report seeks to give market dynamics, demand, and supply forecasts for the years up to 2033. This report contains statistics on product type segment growth estimates and forecasts.

By Product Type: Based on the Product Type, Global E-Cigarette Market is segmented as; Completely Disposable Model, Personalized Vaporizer, Rechargeable but Disposable Cartomizer.

By Battery Mode: Based on the Battery Mode, Global E-Cigarette Market is segmented as; Automatic E-cigarette, Manual E-cigarette.

By Distribution Channel: Based on the Distribution Channel, Global E-Cigarette Market is segmented as; Offline Retail, Online Retail.

By Region: This research also includes data for Asia-Pacific, Europe, the Middle East and Africa, North America, and Latin America.

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E-cigarette And Vape Market Key Players

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