Latin America E-Cigarette Market Share, Size, Growth, Opportunity and Forecast 2021-2026

*As the coronavirus disease (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the purchase behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.

Latin America E-Cigarette Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026

Market Overview:

The Latin America e-cigarette market is currently witnessing strong growth. Also known as e-cigs and vape pens, e-cigarettes are battery-operated devices manufactured using cartridge, mouthpiece, atomizer and batteries. These devices contain nicotine, humectant and flavorings, which are heated at a high temperature to retain moisture and produce an aerosol. They can resemble cigars or USB memory sticks and provide a sensation of smoking tobacco. At present, they are increasingly being adopted by young adults in the Latin American region on account of their cost-effectiveness.

Rising awareness about respiratory illness and diseases is increasing the willingness among individuals to quit smoking, which, in turn, is positively influencing the overall sales of e-cigarettes in the Latin America region. This can be attributed to the positive perception toward e-cigarettes. Apart from this, the easy availability of a wide range of product flavors via online distribution channels is catalyzing the market growth. Furthermore, leading players in the industry are relying on social media platforms to implement innovative promotional strategies and expand their consumer base in the region. Besides this, they are also introducing next-generation product variants that involve refillable, pre-filled pod systems, which is anticipated to fuel the market growth in the upcoming years. On account of these factors, the market is expected to continue its strong growth during the forecast period (2021-2026).

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the Latin America e-cigarette market report, along with forecasts for growth at the region level from 2021-2026. Our report has categorized the market based on region, product, flavor, mode of operation and distribution channel.

Breakup by Product:

Modular E-Cigarette
Rechargeable E-Cigarette
Next-Generation E-Cigarette
Disposable E-Cigarette

Breakup by Flavor:

Tobacco
Botanical
Fruit
Sweet
Beverage
Others

Breakup by Mode of Operation:

Automatic E-Cigarette
Manual E-Cigarette

Breakup by Distribution Channel:

Specialist E-Cig Shops
Online
Supermarkets and Hypermarkets
Tobacconist
Others

Breakup by Country:

Brazil
Mexico
Argentina
Columbia
Chile
Peru
Others

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players.

Key Questions Answered in This Report:

How has the Latin America e-cigarette market performed so far and how will it perform in the coming years?
What has been the impact of COVID-19 on the Latin America e-cigarette market?
What are the key regional markets?
What is the breakup of the market based on the product?
What is the breakup of the market based on the flavor?
What is the breakup of the market based on the mode of operation?
What is the breakup of the market based on the distribution channel?
What are the various stages in the value chain of the industry?
What are the key driving factors and challenges in the industry?
What is the structure of the Latin America e-cigarette market and who are the key players?
What is the degree of competition in the industry?