Global E-Cigarette Market Estimated to Grow to $168 Billion by 2030

PALM BEACH, Fla., July 18, 2023 /PRNewswire/ -- FinancialNewsMedia.com News Commentary - Around the world, people are becoming more aware of the hazardous effects of regular smoking cigarettes. As a result, alternatives to regular cigarettes have been developed to assist people in quitting smoking. One of the greatest global issues is cancer induced by smoking. E-cigarettes eliminate the risk of cancer and avoid ingesting over 4,000 chemicals, including tobacco and many other toxins and carcinogens found in tobacco smoke, which cause cancer and lung illness. Furthermore, they exhale less harmful material and provide less risk to smokers with asthma.  A battery, an atomizer, and an inhaler make up an electronic cigarette, which simulates tobacco smoking without releasing smoke into the air. It is thought to be less hazardous than traditional cigarettes since the device is filled with a nicotine containing or nicotine-free liquid solution that is heated and turned into vapor before inhaling. Due to different research conducted by medical institutions and associations, it is expected that increased knowledge regarding e-cigarettes being safer than traditional cigarettes, particularly among the younger generation, will further fuel market expansion. The providers' customization capabilities, including temperature control and nicotine dosages, are projected to boost product demand.  A report from Beyond Market Insights projected that the Global E-Cigarette Market Was Worth USD 22.17 Billion In 2022 And Is Estimated to Grow to USD 168.96 Billion By 2030, With A CAGR Of Approximately 28.9 % Over the Forecast Period From 2023 To 2030.  Active Companies in the markets today include 22nd Century Group, Inc. (NASDAQ:XXII), British American Tobacco p.l.c. (NYSE:BTI), Altria Group, Inc. (NYSE:MO), Philip Morris International Inc. (NYSE:PM), Imperial Brands PLC (OTCQX:IMBBY).