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Latin America E-cigarette Market is Segmented by Product type (Completely Disposable Model, Rechargeable but Disposable Cartomizer, Personalized Vaporizer), Battery Mode (Automatic E-cigarette, Manual E-cigarette), and by Geography
Latin America E cigarettes market is forecasted to witness a CAGR of 5.46% during the forecast period (2020 - 2025).
Latin America electronic cigarette (e-cigarette) market is segmented based on product type, battery mode, and by geography. On the basis of product type, e-cigarette market is segmented as completely disposable model, rechargeable but disposable cartomizer, and personalized vaporizer, whereas on the basis of battery mode, the market is segmented in to automatic e-cigarette and manual e-cigarette.
|Completely Disposable Model|
|Rechargeable but Disposable Cartomizer|
|By Battery Mode|
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Since the sales of e-cigarette is limited to just five Latin American countries, the distribution of these products are also limited by Chinese private companies such as Innokin Technology, and KangerTech. Therefore, considering this factor, this also creates an opportunity for major players to venture into these five Latin American countries, where its legal to sell e cigarettes. For instance, in 2013, Gilla Inc. signed a production and supply agreement with a South American distributor to supply electronic cigarettes and related accessories. Under the terms of the Supply Agreement, the Distributor has reserved the exclusive right to distribute a brand of the Company's e-cigarette products in Brazil, Chile, Paraguay, Uruguay, Argentina, Venezuela, Columbia, Peru and Ecuador. Hence there is a huge growth for big enterprises in the E-cigarettes market in Latin America.
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The WHO reported that cancer was the second-leading cause of death, globally, and was responsible for approximately 8.8 million deaths in 2015. Moreover, tobacco usage is the primary risk factor for cancer, and is responsible for approximately 22% of cancer deaths. Increasing cases of tobacco-related cancer around the world, with most cases being related to cigarette smoking, have resulted in the public looking for alternatives for either substituting or quitting cigarettes. Multiple countries have already banned public smoking, while local governments are following suite.
Considering this fact, E-cigarettes are considered to be less toxic and safer than conventional tobacco cigarettes, which has made it a viable alternative. A research study concluded that the people who smoked only e-cigarettes had similar levels of carcinogens to people using nicotine-replacement therapies, andhad much lower toxicity levels than people who only smoked cigarettes. The reduced toxicity levels, combined with cost concerns, is expected to drive the e-cigarette market in the Latin American countries
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Some of the major companies selling e cigarettes in the Latin American market are KangerTech, Innokin Technology, British American Tobacco and Smok. Most of these companies sell their range of e cigarettes via different online wesites such as Revolution Vapor Ltda., and C.R. Vapor. Since its legal to sell or use e-cigarette in Ecuador, where they are considered 'electronic nicotine delivery systems', advertising of e-cigarette in Ecuador is only allowed in venues accessed solely by adults, thereby providing some form of consumer knowledge regarding the brands or companies selling their range of e cigarettes in the country.
1.1 Study Deliverables
1.2 Study Assumptions
1.3 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Market Drivers
4.2 Market Restraints
4.3 Porter's Five Forces Analysis
4.3.1 Threat of New Entrants
4.3.2 Bargaining Power of Buyers/Consumers
4.3.3 Bargaining Power of Suppliers
4.3.4 Threat of Substitute Products
4.3.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION
5.1 By Product
5.1.1 Completely Disposable Model
5.1.2 Rechargeable but Disposable Cartomizer
5.1.3 Personalized Vaporizer
5.2 By Battery Mode
5.2.1 Automatic E-cigarette
5.2.2 Manual E-cigarette
5.3 By Geography
5.3.5 Costa Rica
6. COMPETITIVE LANDSCAPE
6.1 Most Active Companies
6.2 Most Adopted Strategies
6.3 Market Share Analysis
6.4 Company Profiles
6.4.2 Innokin Technology
6.4.3 British American Tobacco
6.4.4 Philip Morris Products S.A.
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
** Subject to Availability