The e-cigarette industry is poised to reach the $45,618 milestone by the end of 2023

As per what P&S Intelligence has to say, the e-cigarette industry is all set to reach the $45,618 milestone by the end of 2023. Due to the increasing health concerns among the smokers regarding the extreme harm caused by tobacco cigarettes, there was a growing demand for ashless and smokeless vaping. This is leading to the surge of vape shops and stores like which sell electronic cigarettes. More and more smokers are taking to vaping as this is said to be the best alternative to smoking tobacco cigarettes and harming your health.

A little more insight on the different segments of the market

Depending on the kind of product or the way in which it works, the electronic cigarette market has been categorized into a vaporizer, cig-a-like and vape mod. If you take into account the market for vape mod, it is anticipated to witness the biggest growth of around 25% during a specific forecast period. Among the ex-smokers who have ditched their habit of smoking tobacco cigarettes usually look for the customizable vape mods and such is also the case with new smokers and present smokers.

Relying on the distribution channel, this market has been segmented into supermarkets, vape shops, tobacconists and online channels. Among all of them, the vape shops are the ones which generated the biggest revenue in the market of e-cigarettes in 2017.

What are the driving factors behind this growth?

Throughout the globe, there has been too much of awareness regarding the health issues which may arise due to smoking cigarettes. This led to the introduction of the alternatives which assist the consumers in ditching this bad habit of smoking and embracing a comparatively better habit. Cancer, which is specifically caused due to smoking has remained one of the biggest reasons behind so many people running after the e-cigarettes. As there is no smoke released from the electronic cigarettes, there is reduced risk of cancer. One can also prevent the intake of 4000 harmful and toxic chemicals which are produced through the burning of tobacco cigarettes.

Due to all these reasons, e-cigarettes have been readily adopted by the consumers as the potential best alternative for tobacco cigarettes as they are proved to be less harmful than tobacco and nicotine. More and more consumers are concentrating on replacing their tobacco cigarettes with electronic ones to take care of their health.

Therefore, when you’re eager to take good care of your health, make sure you first bid goodbye to the bad habit of smoking so that you can easily revive your health. Choose e-cigarettes and start vaping.