Latest 2023 Developments of the Canada E-Cigarette Market
Canada E-Cigarette Market includes advancements in the liquid solution composition. It is usually propylene or vegetable glycol-based and can be combined with other ingredients and flavours. Nicotine can also be present or maybe not. The latest e-cigarette devices have enhanced nicotine delivery, enhanced flavor delivery and new mechanisms of vapour generation. E-cigarettes containing nicotine are now legal in Canada since the passage of Bill S-5 in May 2018. This legislation legalized e-cigarettes with nicotine for adults in Canada and established a regulatory framework that included marketing restrictions and safety standards. To govern tobacco products, the Canadian Government replaced the Tobacco Act with the TVPA which also applies to vaping products. It aims to protect Canadians from nicotine addiction and from inducements to use tobacco and, in particular for youth, from vaping products use.
Mergers and Acquisitions:
- Altria Group acquired 35% stakes in Juul Labs on December 20, 2018.
Canada E-Cigarette Market Synopsis
The Canadian government has legalized the usage of e-cigarettes with nicotine amongst adults and a regulatory framework was introduced for the marketing of the same in the country along with the prescribed standards for sale. This, in turn, would help conventional smokers to shift towards e-cigarettes from traditional ones which would propel the demand for e-cigarettes in the country.
According to 6Wresearch, Canada E-Cigarette market size is projected to grow at a CAGR of 9.4% during 2019-2025. The modular segment is the key revenue-generating segment in the overall E-Cigarette market in Canada owing to the availability of greater customization options. Further, the market of such a segment is anticipated to maintain high growth over the disposable segment during the forecast period.
The 20-39 years age group accounted for the highest share in terms of market revenues in 2018 owing to the rising trend of vaping amongst the young population. By distribution, the offline segment acquired a higher revenue share as compared to the online segment owing to the restrictions imposed on selling and advertisement of such products over online platforms.
The Canada E-Cigarette market report comprehensively covers the market by device type, gender, age group, and distribution. The Canada E-Cigarette market outlook provides an unbiased and detailed analysis of ongoing Canada E-Cigarette market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics. Canada E-cigarette Market is anticipated to register growth on the back of the increasing preference of the Arabian population towards the product as it tends to abate tobacco craving, decreases the consumption of conventional cigarettes, and is less harmful than conventional cigarettes. Additionally, the health issue exposed by the consumption of e-cigarettes is less as compared to the consumption of conventional cigarettes and is leading to increased adoption of e-cigarettes in the Arabian countries. Moreover, the government of several Canadian countries has backed e-cigarettes as a public health fix to eradicate traditional smoking habits, creating awareness regarding the advantages of e-cigarettes over traditional smoking methods.
Key Highlights of the Report:
• Canada E-Cigarette Market Overview
• Canada E-Cigarette Market Outlook
• Canada E-Cigarette Market Forecast
• Historical data of the Canada E-Cigarette Market Revenues and Volume for the period 2015-2018.
• Canada E-Cigarette Market Size & Canada E-Cigarette Market Forecast of Revenues and Volume until 2025F.
• Historical Data of Canada E-Cigarette Market Revenues & Volume for the Period 2013-2018, By Device type.
• Market Size & Forecast of Canada E-Cigarette Market Revenues & Volume until 2025F, By Device type.
• Canada E-Cigarette Market Share, By Device Type, for the year 2018.
• Market Size of Canada E-Cigarettes Market Revenues, by Gender, for the year 2018.
• Canada E-Cigarette Market Share, By Gender, for the year 2018.
• Market Size of Canada E-Cigarettes Market Revenues, by Demographic factors, for the year 2018.
• Canada E-Cigarette Market Share, By Demographic factors, for the year 2018.
• Market Size of Canada E-Cigarettes Market Revenues, by Distribution, for the year 2018.
• Canada E-Cigarette Market Share, By Distribution, for the year 2018.
• Canada E-Cigarette Market Drivers
• Canada E-Cigarette Market Restraints
• Canada E-Cigarette Market Trends and Industry Life Cycle
• Canada E-Cigarette Market Porter’s Five Force Analysis
• Canada E-Cigarette Market Opportunity Assessment
• Canada E-Cigarette Market Revenue Share, By Players
• Canada E-Cigarette Market Overview on Competitive Benchmarking
• Company Profiles.
• Strategic Recommendations.
Market Covered
The Canada E-Cigarette market report provides a detailed analysis of the following market segments:
By Device Type
- Modular/re-chargeable e-cigarette
- Disposable e-cigarette
By Demography
o Gender
? Male
? Female
o Age Group
? 14-19 years
? 20-39 years
? 40-59 years
? 60 years & above
By Distribution
- Online
- Offline
