The increasing incidence of deaths caused due to cigarette smoking, is one of the key factors driving the demand for e-cigarettes. According to the World Health Organization (WHO), over 8 million people deaths are recorded every year because of tobacco consumption. Out of these, direct tobacco use claims the lives of over 7 million people across the world. Furthermore, the organization found that cigarette smoking is the most common form of tobacco use globally.
Due to this factor, cigarette smokers are increasingly preferring safer alternatives like e-cigarettes. In response to the rising consumer preference for e-cigarettes, many producers of vaping devices are selling and promoting their products through kiosks and several dedicated in-store hubs at larger grocery shops and retail outlets. In addition to this, they are also setting up outlets for providing their customers with a vaping experience commonly that is similar to the one offered at a club.
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As smokers can get a diverse range of flavors and better vaping products at these outlets, they usually prefer these stores over kiosks and small grocery stores. Apart from the increasing availability of e-cigarettes in grocery stores and special outlets, the growing public awareness about the harmful consequences of tobacco smoking on both human and environmental health is also fueling the expansion of the e-cigarette market.
Moreover, many governments are taking initiatives such as announcing bans on smoking at certain places in order to create a greener environment. Such initiatives are massively boosting the demand for e-cigarettes, as these products do not generate harmful tobacco smoke and can provide a sensation similar to the one provided by conventional tobacco-based cigarettes.
This market research report provides a comprehensive overview of the market
* Future potential of the market through its forecast for the period 2020– 2030
* Major factors driving the market and their impact during the short, medium, and long terms
* Market restraints and their impact during the short, medium, and long terms
* Recent trends and evolving opportunities for the market participants
* Historical and the present size of the market segments and understand their comparative future potential
* Potential of on-demand logistics services, so the market players make informed decisions on the sales of their offerings