E-cigarette and Vaping Market Highest CAGR of 26.7% by 2025
3-dec-2018 The global e-cigarette and vaping market size is projected to reach USD 47.11 billion by 2025, according to a new study by Grand View Research, Inc., expanding at a CAGR of 23.8% during the forecast period. Burgeoning popularity of these products among young generation is expected to drive the market over the forecast period. Vaping is considered to be an effective method to quit smoking, as it is less toxic and creates vapor instead of smoke. Rising awareness of consuming safe, smokeless, and ash less tobacco is estimated to propel the market. Its adoption is estimated to increase, particularly among individuals willing to quit smoking or willing to smoke merely for recreation. Launch of new and innovative vaping devices is also anticipated to foster the adoption of these devices. Rising concerns regarding conventional cigarettes among various age groups is boosting the demand for e-cigarettes. Several E-liquid flavors are being launched in the market to cater to chan...