The disposable e-cigarettes market size is anticipated to gain astonishing growth from 2023 to 2033. According to the research report published by Future Market Insights, the global market is predicted to surpass a valuation of USD 69,961.2 million in 2023. It is estimated to attain a valuation of USD 189,880.3 million by 2033. The market is predicted to thrive at a CAGR of 10.50% from 2023 to 2033.
According to an article published by the National Library of Medicine, in February 2022, the use of disposable e-cigarettes among young adults in the United States increased to 50.2% from a former baseline of 22.1%. Such data suggest a positive outlook for the growth of the industry.
| Attribute | Details |
|---|---|
| Disposable E-cigarettes Market Share (2022) | USD 63,428.1 million |
| Disposable E-cigarettes Market Share (2023) | USD 69,961.2 million |
| Disposable E-cigarettes Market Share (2033) | USD 189,880.3 million |
| Disposable E-cigarettes Market Share (2023 to 2033) | 10.50% |
A disposable e-cigarette is a ready-to-vape product, designed in such a way that it is thrown away after the e-liquid has run dry. Rising traction of using disposable e-cigarettes among the millennial population in North America and Europe is expected to drive market growth further.
Consumers’ shifting preference toward e-cigarettes to control daily nicotine dosage is one of the leading factors that is anticipated to boost the growth of the disposable e-cigarettes industry during the analysis period. Moreover, the companies are offering different flavors to increase their customer reach.
The demand for non-tobacco products is expected to augment the growth of the disposable e-cigarettes industry in the forthcoming years. It has been observed that old people prefer this product as it does not have any negative effect on health. On the contrary, the increasing potential risk caused at each stage of the disposable e-cigarette product lifecycle, including mining, manufacturing, using, and disposing of, could pose potential environmental harm, which is expected to impede the growth of the disposable e-cigarettes industry.
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Rising Popularity among Millennials to Boost Market Growth
The rising traction of using disposable e-cigarettes among consumers, especially the millennial population, is expected to accelerate the market in the forthcoming years. Key players are launching new and innovative products to comply with the growing demand for these products among consumers. For instance,
The changing consumer shift toward smokeless and hassle-free cigarettes, without the need for recharging or refills, could help the market gain momentum in the upcoming years. For instance,
The product from the brand RELX x BubbleMon is available in two different styles such as patterned color and plain block color. The devices feature a transparent oil cabinet that reveals the levels of e-liquid remaining within the device, enabling consumers to know when to purchase a new device. Further, the growing inclination of consumers toward different flavored products such as cinnamon, berry, vanilla, saffron, and apple might provide a significant opportunity for the players operating in the market for disposable e-cigarettes. For instance,
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Increasing Risks Associated with Smoking to Impede the Market Growth
The increasing potential risk caused at each stage of the disposable e-cigarette product lifecycle, including mining, manufacturing, using, and disposing of, could pose potential environmental harm. In turn, it is expected to impede the growth of the disposable e-cigarettes industry.
According to an article published by Truth Initiative, in March 2021, almost half (49.1%) of young people don’t know what to do with used e-cigarette pods and disposable devices. The resulting e-waste is often shipped from Western countries to developing countries, which places the environmental hazard of reprocessing, reclaiming, and incinerating waste on poorer nations. All these factors are anticipated to hinder the growth of the disposable e-cigarette industry over the analysis period.
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The disposable e-cigarettes industry’s size developed at a CAGR of 9.4% from 2018 to 2022. In 2018, the global market size stood at USD 44,280.5 million. In the following years, the market witnessed substantial growth, accounting for USD 63,428.1 million in 2022.
Disposable e-cigarettes are assumed to be a safe alternative to rechargeable e-cigarettes, which in turn is expected to fuel the market growth during the forecast period. Additionally, increasing acceptance of different vaping devices among young adults and adolescents is set to fuel the growth of the disposable e-cigarettes industry.
| Historical CAGR (2018 to 2022) | 9.4% |
|---|---|
| Forecasted CAGR (2023 to 2033) | 10.50% |
The key players in the market started offering these products online through various e-commerce websites such as Amazon. According to an article published by Truth Initiative, in June 2021, online retail for e-cigarettes including disposable products was 28%. In addition, the availability of approved disposable e-cigarettes from various health bodies such as the National Medical Products Administration (NMPA), as a better alternative to tobacco smoking, may integrate well with the growth trend.
Non-Tobacco Segment of Disposable E-cigarettes to Beat Competition in Untiring Markets
The non-tobacco held a revenue share of 69.4% in 2022 and is expected to maintain dominance during the forecast period. Growing consumer awareness about the degenerating effect of tobacco consumption is expected to drive the market in the forecast period.
According to an article published by the British Medical Journal (BMJ), in February 2020, around 11.2% of consumers in South California used disposable e-cigarettes. Among these product users, fruit/candy (80.7%), mint (77.4%), and menthol (67.7%) were commonly preferred flavors, while tobacco flavors were less commonly preferred (19.4%).
Offline Segment to Constitute the Bulk of the Disposable E-cigarettes Industry
The offline segment dominated the market for disposable e-cigarettes and accounted for a prominent revenue share of 78.5% in 2022. The availability of disposable e-cigarettes in various stores, such as supermarkets and hypermarkets is the primary factor for its large value generation in the year 2021. For instance,
Easy accessibility of e-cigarette stores and vape shops to try out and test these devices before making a purchase decision is expected to drive the segment.
Rising Popularity of Flavoured Disposable E-cigarettes in the Region to Boost the Market Growth
North America dominates the disposable e-cigarettes industry, accounting for a revenue share of 50.3% in 2022. The increasing popularity of flavored disposable e-cigarettes offered by brands such as Puff Bar, Vuse, and Suorin, is one of the leading factors that is expected to drive the growth of the industry in the region.
According to an article published by the United States Food and Drug Administration in March 2022, among students in the United States who currently used disposable e-cigarettes, Puff Bar was the most commonly reported usual brand (26.8%), followed by Vuse (10.5%), and Suorin (2.1%). Furthermore, the rising adoption of the product among millennials and Gen X is expected to boost the market growth.
High Adoption Rate of Disposable E-cigarettes in the Region to Fuel the Market Growth
The disposable e-cigarettes market in Europe accumulated a revenue share of 32.3% in 2022. The rising adoption of the product among millennials and Generation X is expected to propel the growth of the disposable e-cigarettes market in the region. The trend of vaping is increasing simultaneously in both the United Kingdom and France.
The adoption rate of disposable e-cigarettes is significantly high in the United Kingdom, France, and Germany. Further, the demand for fruit-flavored e-cigarettes is also significantly gaining popularity in this region.
Growing Awareness about the Harmful Effects of Tobacco to Reaffirm Growth in the Region
The disposable e-cigarettes market in the Middle East & Africa is expected to accumulate a market share of 12.9% in 2023, attributed to the:
Key players in the industry are launching products in the region to comply with the growing demand for the product. For instance, in September 2021, RELX, a premium vaping brand was launched in Saudi Arabia. Vaping products are also available in the United Arab Emirates and Kuwait. The launch comes in the form of a healthy alternative to cigarettes.
| Country | Forecasted CAGR (2023 to 2033) |
|---|---|
| The United States | 42.6% |
| The United Kingdom | 11.3% |
| China | 13.6% |
| Japan | 5.4% |
| India | 16.5% |
The Start-Up Ecosystem: How Key Players are Opening Frontiers for Future Growth?
Given the increasing preference amongst millennials and other tobacco consumers for smoke-free tobacco products, the interest in disposable e-cigarettes is only expected to rise in forthcoming years. Consequently, leading start-ups offering disposable e-cigarettes have appeared in the limelight. Some notable players are as follows:
| Start-up | Litejoy |
|---|---|
| Origin | India |
| Year of Establishment | 2012 |
| Start-up | MYLE Vape |
|---|---|
| Origin | The United States |
| Year of Establishment | 2016 |
| Start-up | Ambition Vape |
|---|---|
| Origin | China |
| Year of Establishment | 2019 |
| Start-up | Smokeshop |
|---|---|
| Origin | Sweden |
| Year of Establishment | 2016 |
| Start-up | The Electronic Cigarette Company |
|---|---|
| Origin | The United Kingdom |
| Year of Establishment | 2008 |
Recent Developments Observed by FMI:
| Attribute | Details |
|---|---|
| Forecast Period | 2023 to 2033 |
| Historical Data Available for | 2018 to 2022 |
| Market Analysis | USD million for Value |
| Key Regions Covered | North America; Latin America; Europe; Asia Pacific; The Middle East & Africa (MEA) |
| Key Countries Covered | The United States, Canada, Germany, The United Kingdom, Nordic, Russia, BENELUX, Poland, France, Spain, Italy, Czech Republic, Hungary, Rest of EMEAI, Brazil, Peru, Argentina, Mexico, South Africa, Northern Africa, GCC Countries, China, Japan, South Korea, India, ASIAN, Thailand, Malaysia, Indonesia, Australia, New Zealand, Others |
| Key Segments Covered | Flavour, Distribution Channel, Region |
| Report Coverage | Market Forecast, Company Share Analysis, Competition Intelligence, Trend Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives |
The market is estimated to reach USD 189,880.3 million by 2033.
The growth potential of the disposable e-cigarettes market is 10.5% through 2033.
Growing popularity of the flavored variants and surging awareness about the degenerative effects of tobacco are expected to drive sales of disposable e-cigarettes.
Key players are seeking expansion into markets with less strict laws.
Increasing interest in smokeless cigarettes to drive the market.
1. Executive Summary 2. Market Overview 3. Market Background 4. Global Market Analysis 2018 to 2022 and Forecast, 2023 to 2033 5. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Flavour 5.1. Non-Tobacco 5.2. Tobacco 6. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Distribution Channel 6.1. Online 6.2. Offline 7. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Region 7.1. North America 7.2. Latin America 7.3. Western Europe 7.4. Eastern Europe 7.5. South Asia and Pacific 7.6. East Asia 7.7. Middle East and Africa 8. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 9. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 10. Western Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 11. Eastern Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 12. South Asia and Pacific Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 13. East Asia Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 14. Middle East and Africa Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 15. Key Countries Market Analysis 16. Market Structure Analysis 17. Competition Analysis 17.1. Puff Bar 17.2. JUUL Labs, Inc. 17.3. British American Tobacco Plc 17.4. Imperial Brands Plc 17.5. Japan Tobacco Inc. 17.6. NJOY 17.7. YouMe Co. Ltd 17.8. Shenzhen IVPS Technology Co., Ltd. 17.9. Kaival Brands Innovations Group, Inc. 17.10. JAC Vapour 18. Assumptions & Acronyms Used 19. Research Methodology
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Disposable E-Cigarettes Market
