U.S. E-cigarette & Vape Market Size Is Projected To Reach $18.5 Billion By 2025

1. U.S. E-cigarette & Vape Market Size Is Projected To Reach $18.5 Billion By 2025 “The U.S. e-cigarette and vape market size is projected to be USD 18.5 billion by 2025. The market is likely to register over 24% CAGR during the forecast years, as per a new study by Million Insights.” The U.S. e-cigarette and vape market size is projected to be USD 18.5 billion by 2025. The market is likely to register over 24% CAGR during the forecast years, as per a new study by Million Insights. E-cigarette and vape are known to protect against direct exposure to smoke and offer an alternative to conventional cigarettes. This benefit has led to a rise in the number of millennials in the U.S preferring this over conventional cigarettes. E-cigarette and vapor are available in a different flavor, which further attract millennials. People, who are addicted to smoking but wish to quit, find e-cigarette useful. In addition, manufacturers claim that compared to conventional cigarettes, e-cigarettes and vapor are known to minimize the risk of cancer and related diseases. Product innovation and the introduction of new flavors have been among key strategic initiatives adopted by manufacturers. Further, a rise in online sales of products has encouraged manufactures to advertise their products through social networking sites. These online promotions are attracting more number of first-time smokers. Key players operating the U.S. e-cigarette & vape market are Japan Tobacco International; Altria Group, Inc., NicQuid, Imperial Brands and International Vapor Group among others. These players are upping their production amid rising demand and competitive pricing. Request Sample Copy of This Market Research @ https://www.millioninsights.com/industry-reports/us-e-cigarette-vape-market/request-sample

2. Further key findings from the report suggest: • The rechargeable segment is anticipated to hold a 24.6% share in the market over the forecast duration owing to its cost-effectiveness. • E-liquid is gaining popularity as it can be refilled by consumers themselves. • Retail store accounted for the largest share in the market owing to their widespread network across the U.S. • Online channels are estimated to witness the highest growth owing to increasing promotion of e-cigarette and vape products through social media. Browse Full Research Report @ https://www.millioninsights.com/industry-reports/us-e-cigarette-vape-market Million Insights has segmented the U.S. e-cigarette and vape market on the basis of product, component and distribution channel: U.S. E-cigarette and Vape Product Outlook (Revenue, USD Million, 2014 - 2025) • Disposable • Rechargeable • Modular Devices U.S. E-cigarette and Vape Component Outlook (Revenue, USD Million, 2014 - 2025)

3. • Atomizer • Vape Mod • Cartomizer • E-liquid U.S. E-cigarette and Vape Distribution Channel Outlook (Revenue, USD Million, 2014 - 2025) • Online • Retail Store • Convenience Stores • Drug Stores • News Stands • Tobacconist • Specialty E-cigarette Stores See More Reports of this Category by Million Insights @ https://www.millioninsights.com/industry/consumer-goods

4. Get in touch At Million Insights, we work with the aim to reach the highest levels of customer satisfaction. Our representatives strive to understand diverse client requirements and cater to the same with the most innovative and functional solutions. Contact Person: Ryan Manuel Research Support Specialist, USA Email: ryan@millioninsights.com Global Headquarters Million Insights Felton Office Plaza 6265 Highway 9 Felton, California 95018, United States Phone: 1-408-610-2300 Email: sales@millioninsights.com Asia Pacific Million Insights Office No. 302, 3rd Floor, Manikchand Galleria, Model Colony, Shivaji Nagar, Pune, MH, 411016 India Phone: 91-20-65300184