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Yahoo
14-02-2025
- Business
- Yahoo
E-Cigarette Market in UK to Grow by USD 1.47 Billion from 2025 to 2029, Driven by Perceived Safety Over Traditional Tobacco, Report on How AI is Driving Market Transformation
NEW YORK, Feb. 14, 2025 /PRNewswire/ -- Report with the AI impact on market trends - The e-cigarette market in UK and it is set to grow by USD 1.47 billion from 2025 to 2029. However, the growth momentum will progressing at a CAGR of 13.6% during the forecast period, according to Technavio. The e-cigarette market in UK is fragmented, and the vendors are seeking strong partnerships with automotive, industrial, and commercial companies to compete in the market. 1111 EC Service Ltd., British American Tobacco Plc, Flavour Warehouse Ltd., Geekvape, Imperial Brands Plc, Innokin Technology Ltd., J WELL France Sarl, Japan Tobacco Inc., LOSTVAPE, Pax Labs Inc., Philip Morris International Inc., RELX International Enterprise HK Ltd., Shenzhen IVPS Technology Co Ltd., SMOORE International Holdings Ltd., and VOOPOO are some of the major market participants -. To know about the vendor offerings - Request a sample report E-Cigarette Market in UK 2025-2029: Scope Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The e-cigarette market in uk report covers the following areas: E-Cigarette Market in UK Size E-Cigarette Market in UK Trends E-Cigarette Market in UK Industry Analysis Porter's Five Forces Analysis Customer Landscape The e-cigarette market in UK is fragmented, and the degree of fragmentation will accelerate. The safer than other tobacco products will offer immense growth opportunities. However, the Presence of substitute products will hamper the market growth E-Cigarette Market in UK 2025-2029: Drivers & Challenges The E-cigarette market in the UK has gained significant attention as a potential alternative to traditional tobacco products. With tobacco causing an estimated eight million deaths annually, primarily in low- and middle-income countries, and second-hand smoking adding an additional 1.2 million deaths among non-smokers, health concerns surrounding tobacco use are at an all-time high. E-cigarettes offer a solution by delivering nicotine without the harmful chemicals, such as tar, that contribute to respiratory diseases, cancer, and heart conditions. Since the last decade, manufacturers have focused on reducing nicotine content in their products to combat addiction. E-cigarettes produce a flavored aerosol that delivers nicotine to the lungs, mimicking the experience of smoking without the associated health risks. The E-cigarette market in the UK faces significant competition from traditional tobacco products and nicotine alternatives, such as patches, gums, snus, nasal sprays, inhalers, chewing tobacco, and lozenges. The rising demand for these substitutes, particularly nicotine patches, is anticipated to increase their availability and sales throughout the country. Concurrently, the number of individuals seeking to quit smoking by exploring alternative nicotine solutions is on the rise. This trend is projected to boost the demand for these alternative nicotine products, potentially hindering the growth of the E-cigarette market in the UK during the forecast period. To learn more about the global trends impacting the future of market research, download a PDF sample Segment Overview This e-cigarette market in UK report extensively covers market segmentation by Distribution Channel Product Gender Geography Flavor 1.1 Offline- The E-cigarette market in the UK utilizes various offline distribution channels, including supermarkets and hypermarkets, retailers, and convenience stores. Supermarkets and hypermarkets, represented by major chains like Tesco, Sainsburys, ASDA, and Morrisons, dominate the market due to their widespread presence and the convenience and wide product variety they offer. Retailers, including Aldi, Lidl, and vape shops, are the second preferred distribution format. The rise of vape cafes and the increasing number of discount rates have boosted their popularity. In 2023, the UK is estimated to have over 2,000 vape shops, which is expected to increase. Convenience stores, represented by chains like Nisa Retail Limited and Co-operative Group Limited, are another distribution channel. The growth of this segment is attributed to the increasing number of convenience stores. Mergers of large supermarket chains with smaller convenience stores are also expected to fuel market growth. To learn more, request a FREE sample E-Cigarette Market in UK 2025-2029: Key Highlights CAGR of the market during the forecast period 2025-2029 Detailed information on factors that will assist e-cigarette market in UK growth during the next five years Estimation of the e-cigarette market in UK size and its contribution to the parent market Predictions on upcoming trends and changes in consumer behavior The growth of the e-cigarette market in UK across UK Analysis of the market's competitive landscape and detailed information on vendors Comprehensive details of factors that will challenge the growth of e-cigarette market in UK vendors E-Cigarette Market In UK Scope Report Coverage Details Base year 2024 Historic period 2017-2021 Forecast period 2025-2029 Growth momentum & CAGR Accelerate at a CAGR of 13.6% Market growth 2025-2029 USD 1471.2 million Market structure Fragmented YoY growth 2022-2023 (%) 11.4 Regional analysis UK Performing market contribution Europe at 100% Key countries UK and Europe Competitive landscape Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks Key companies profiled 1111 EC Service Ltd., British American Tobacco Plc, Flavour Warehouse Ltd., Geekvape, Imperial Brands Plc, Innokin Technology Ltd., J WELL France Sarl, Japan Tobacco Inc., LOSTVAPE, Pax Labs Inc., Philip Morris International Inc., RELX International Enterprise HK Ltd., Shenzhen IVPS Technology Co Ltd., SMOORE International Holdings Ltd., and VOOPOO Market dynamics Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period Customization purview If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. Customization purview If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. About USTechnavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios. ContactTechnavio ResearchJesse MaidaMedia & Marketing ExecutiveUS: +1 844 364 1100UK: +44 203 893 3200Email: media@ View original content to download multimedia: SOURCE Technavio
Yahoo
08-02-2025
- Business
- Yahoo
E-Cigarette Market in UK Size to Grow by USD 1.47 Billion from 2025-2029, Safer Alternative to Tobacco Boosts Revenue, Report on How AI Is Driving Market Transformation
NEW YORK, Feb. 7, 2025 /PRNewswire/ -- Report with the AI impact on market trends - The E-Cigarette market in UK size is estimated to grow by USD 1.47 billion from 2025-2029, according to Technavio. The market is estimated to grow at a CAGR of 13.6% during the forecast period. Safer than other tobacco products is driving market growth, with a trend towards product innovations in e-cigarette. However, presence of substitute products poses a challenge. Key market players include 1111 EC Service Ltd., British American Tobacco Plc, Flavour Warehouse Ltd., Geekvape, Imperial Brands Plc, Innokin Technology Ltd., J WELL France Sarl, Japan Tobacco Inc., LOSTVAPE, Pax Labs Inc., Philip Morris International Inc., RELX International Enterprise HK Ltd., Shenzhen IVPS Technology Co Ltd., SMOORE International Holdings Ltd., and VOOPOO. AI-Powered Market Evolution Insights. Our comprehensive market report ready with the latest trends, growth opportunities, and strategic analysis- View Free Sample Report PDF Forecast period 2025-2029 Base Year 2024 Historic Data 2019 - 2022 Segment Covered Distribution Channel (Offline and Online), Product (Modular e-cigarette, Next-generation products, Rechargeable e-cigarette, and Disposable e-cigarette), Gender (Male and Female), Geography (Europe), and Flavor (Tobacco, Botanical, Fruit, Sweet, Beverage, and Others) Region Covered UK Key companies profiled 1111 EC Service Ltd., British American Tobacco Plc, Flavour Warehouse Ltd., Geekvape, Imperial Brands Plc, Innokin Technology Ltd., J WELL France Sarl, Japan Tobacco Inc., LOSTVAPE, Pax Labs Inc., Philip Morris International Inc., RELX International Enterprise HK Ltd., Shenzhen IVPS Technology Co Ltd., SMOORE International Holdings Ltd., and VOOPOO Key Market Trends Fueling Growth The E-cigarette market in the UK is thriving with trends such as e-cigarettes, vapes, and electronic devices gaining popularity. Vapor products use a battery, heating element, cartridge or tank, and e-liquid or vape juice. Traditional tobacco products face competition from pod-based systems, temperature control devices, and nicotine salts. Disposable e-cigarettes and cannabis vaping products are also on the rise. Safety concerns include youth usage, consumer perceptions, and nicotine dosages. Convenience and portability are key selling points, with customizable and high-performance devices available. Innovative flavors like menthol, tobacco, fruits and nuts, chocolate, and fragrances attract consumers. Specialty vape shops offer flavor innovation, nicotine pouches, and traditional cigarettes alternatives. Regulations against e-cigarettes and anti-vaping sentiment persist, but Bluetooth connectivity, touchscreens, and user-generated content on social media influence consumer choices. Hand sanitizers and face masks have increased sales during the pandemic. E-cigarette technologies include pod systems, squonk mods, and temperature control. The UK E-cigarette market is undergoing a substantial evolution, fueled by product innovations that prioritize user experience, safety, and sustainability. A prominent trend emerging is the switch from disposable E-cigarettes to reusable pod systems. These systems offer environmental benefits as they can be recharged and refilled, thereby reducing waste. Moreover, advancements in e-liquid compositions, such as nicotine salts, deliver higher nicotine concentrations with a smoother throat hit, appealing to smokers transitioning to vaping. Coil technology advancements further improve flavor delivery and vapor production, enhancing the overall user experience. Insights on how AI is driving innovation, efficiency, and market growth- Request Sample! Market Challenges The E-cigarette market in the UK is thriving, with e-devices such as vapes and electronic cigarettes gaining popularity over traditional tobacco products. Key challenges include safety concerns, particularly regarding batteries and heating elements, and youth usage. Consumer perceptions are evolving, driven by convenience, portability, and customizable devices offering high performance and innovative flavors like menthol, tobacco, fruits and nuts, chocolate, and fragrances. Nicotine salts and disposable e-cigarettes are growing segments, while cannabis vaping products are emerging. Temperature control devices and nicotine pouches are also popular. Traditional cigarettes face increasing competition, with e-liquids available in various nicotine strengths and e-cigarette technologies including pod systems, squonk mods, and temperature control devices. Specialty vape shops and online marketplaces are key distribution channels. Flavor innovation and consumer education are crucial for market growth. However, negative perception and anti-vaping regulations pose challenges. Influencers and user-generated content on social media play a significant role in shaping consumer behavior. Hand sanitizers and face masks during the pandemic have led to increased sales of e-cigarettes. Bluetooth connectivity and touchscreens add to the convenience of modern e-cigarettes. The E-cigarette market in the UK faces significant competition from traditional tobacco products and nicotine alternatives, such as patches, gums, snus, nasal sprays, inhalers, chewing tobacco, and lozenges. The rising demand for these substitutes, particularly nicotine patches, is anticipated to increase their availability and sales throughout the country. Concurrently, the number of individuals seeking to quit smoking by exploring alternative nicotine solutions is on the rise. This trend is projected to boost the demand for these alternative nicotine products, potentially hindering the growth of the E-cigarette market in the UK during the forecast period. Insights into how AI is reshaping industries and driving growth- Download a Sample Report Segment Overview This e-cigarette market in UK report extensively covers market segmentation by Distribution Channel Product Gender Geography Flavor 1.1 Offline- The E-cigarette market in the UK utilizes various offline distribution channels, including supermarkets and hypermarkets, retailers, and convenience stores. Supermarkets and hypermarkets, represented by major chains like Tesco, Sainsburys, ASDA, and Morrisons, dominate the market due to their widespread presence and the convenience and wide product variety they offer. Retailers, including Aldi, Lidl, and vape shops, are the second preferred distribution format. The rise of vape cafes and the increasing number of discount rates have boosted their popularity. In 2023, the UK is estimated to have over 2,000 vape shops, which is expected to increase. Convenience stores, represented by chains like Nisa Retail Limited and Co-operative Group Limited, are another distribution channel. The growth of this segment is attributed to the increasing number of convenience stores. Mergers of large supermarket chains with smaller convenience stores are also expected to fuel market growth. Download complimentary Sample Report to gain insights into AI's impact on market dynamics, emerging trends, and future opportunities- including forecast (2025-2029) and historic data (2019 - 2022) Research Analysis E-cigarettes, also known as vapes, are electronic devices designed to deliver nicotine in the form of aerosol or vapor. They consist of a battery, heating element, atomizer, cartridge or tank, and e-liquid or vape juice. The e-liquid is heated, producing aerosol or vapor that the user inhales. E-cigarettes have gained popularity as an alternative to traditional tobacco products, with advantages including various nicotine dosages, temperature control, and a wider range of flavors. E-cigarette technologies have evolved over the years, with the introduction of pod-based systems, temperature control devices, nicotine salts, and nicotine pouches. Younger people have also shown an increasing interest in vaping, leading to concerns regarding potential health risks and regulations. E-cigarettes differ from traditional tobacco products in that they do not involve combustion, producing fewer harmful chemicals. However, long-term health effects are still being studied. E-cigarette users can choose from various devices, including temperature control devices, pod systems, and squonk mods, to suit their preferences. Market Research Overview E-cigarettes, also known as vapes, have revolutionized the tobacco industry with their electronic devices that produce vapor instead of traditional smoke. These devices consist of a battery, heating element, cartridge or tank, and e-liquid. E-liquids come in various flavors including menthol, tobacco, fruits and nuts, chocolate, and fragrances. Pod-based systems and temperature control devices are popular choices for consumers seeking convenience, portability, and customizable experiences. Nicotine salts and disposable e-cigarettes offer ease of use for those new to vaping. Safety concerns surrounding e-cigarettes include potential health risks, particularly for younger people, and the possibility of explosions or fires. Consumer perceptions of e-cigarettes vary, with some viewing them as a healthier alternative to traditional tobacco products and others expressing negative sentiment. Innovative technologies like Bluetooth connectivity and touchscreens add to the appeal of high-performance devices. The market also includes nicotine pouches, cannabis vaping products, and specialty vape shops. Flavor innovation and nicotine strengths continue to drive consumer interest, with online marketplaces, social media, and influencers playing a significant role in shaping consumer preferences. Amidst the rise of e-cigarettes, traditional cigarettes face increasing competition. Anti-vaping regulations and hand sanitizers, face masks, and other pandemic-related products have also impacted the market. Table of Contents:1 Executive Summary2 Market Landscape3 Market Sizing4 Historic Market Size5 Five Forces Analysis6 Market Segmentation Distribution Channel Product Gender Geography Flavor 7 Customer Landscape8 Geographic Landscape9 Drivers, Challenges, and Trends10 Company Landscape11 Company Analysis12 Appendix About Technavio Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios. ContactsTechnavio ResearchJesse MaidaMedia & Marketing ExecutiveUS: +1 844 364 1100UK: +44 203 893 3200Email: media@ View original content to download multimedia: SOURCE Technavio
