In India, eCigarette business is in initial stage as consumers are starting to switch from traditional cigarette to eCigarette, which are considered healthier – hence eCigarette is becoming popular among the end-users.
Additionally, eLiquids are 95% less harmful than a normal cigarette.
The eLiquid and eJuice market in India is expected to grow and value chain players are continuing to expand, bringing new innovative products, and rising M activities to gain the revenue in this market.
Some of the players included in the report are ITC Limited, Japan Tobacco Inc., Altria Group Inc., Godfrey Philips India Ltd., Reynolds American Inc., and Foschia (R.R.
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According to Infoholic Research, the “Indian eLiquid and eJuice Market” is estimated to witness a CAGR of 54.1% during the forecast period 2016-2022.
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E-Cigarette and Vaporizer Market Overview
Globally, the consumption of tobacco has become a critical issue despite of several government initiatives to increase the awareness about the health issues caused by consuming tobacco.
Consumers addicted to tobacco find it difficult to get rid of the addiction and would require an alternate to tobacco.
This has turned out to be one of the major drivers for the growth of the E-Cigarettes and Vaporizer Market globally.
E-Cigarettes & Vaporizer Market is majorly driven by the factors such as the presence of established brands, cost-effectiveness, perceived health benefits, and product customizations.
Increase in number of cancer cases due to cigarette consumption has prompted migration of demand to this sector.
Prolonged use of tobacco can result in cancers of the mouth.
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