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APAC E-cigarette and Vaporizer, Device and Aftermarket (Type, Distribution Channel, and Geography), Analysis and Forecast, 2016-2025)LONDON, March 28, 2017 /PRNewswire/ -- Despite the presence of large number of smokers in the region, the e-cigarette and vaporizer market in APAC is at a nascent stage, with a large percentage of the popular still oblivious of the product. Consortiums and associations are playing a crucial rule in increasing market penetration by promoting public education campaigns to highlight the benefits of vapor products for adult smokers and familiarize them with new products in the market and their advantages. The prominent consortiums discussed in this segment are Asian Vape Association (AVA), Fact Asia, Malaysia E-Vaporizer and Tobacco Alternatives Association (MEVTA), and Philippine E-cigarette Industry Association (PECIA) among others. - Which compliances and certifications are necessary to make a product acceptable among the users (especially the first time vapers)? - What are the prevalent e-liquid types and what is the market size for each of them? - How will the aftermarket (e-liquid, atomizers, and battery) grow in the next ten years? - Who are the key players in the E-liquid e-cigarette market? Executive Summary With a population of more than 700 smokers, the APAC region is ranked at the top in the global tobacco consumption. The long established smoking habit in the low income residents of the region has been difficult to break and despite relentless global efforts to introduce tobacco control, China, India and Indonesia has witnessed an increasing trend in the number of smokers since 2006. Tobacco use is the leading cause of preventable mortality in the region. Of the 5.5 million people who die from smoking-related illnesses each year, half are in Asia, thus making the tobacco pandemic a major concern to all stakeholders in public health. The APAC e-cigarette market currently valued at $XX million makes only than XX% share of the global e-cigarette market. The first commercially sold cigarette was invented in 2003 in China, by pharmacist Hon Lik, however it was only after 2012 that the market started gaining significant traction. Malaysia, with over XX million users, is the biggest market in the region, with a value of $XX million in 2015. However, the increasing bans in various states of the country may bring the recent exponential growth to a stand-still in coming years. Meanwhile, China and India, driven by their large smoking populations, are expected to grow at CAGRs of XX% and XX% respectively to turn into multibillion dollar markets for vapor products. The market is expected to be driven by large smoking population and look out for tobacco alternatives, price sensitivity of APAC market and long term cost effectiveness of e-cigarettes and diverse distribution channels and emergence of vape shops. The ease of access to distribution channels, particularly the online channel, continues to be one of the key drivers for the market. The market players operate through tie ups with convenient stores and supermarkets in retail channels and through their own websites, online supermarkets and e-commerce websites to sell their products. The retail channel is comprised of convenience stores, vape shops, pharmacies, and tobacco shops among others. Retail distribution channels remain the preferred channel in the current scenario with a revenue generation of $XX million in 2015, and are expected to grow at CAGR of XX% through 2015 to 2025, to remain the predominant channel throughout the forecast period Download the full report: https://www.reportbuyer.com/product/4717459/ About Reportbuyer Reportbuyer is a leading industry intelligence solution that provides all market research reports from top publishers http://www.reportbuyer.com For more information: Sarah Smith Research Advisor at Reportbuyer.com Email: [email protected] Tel: +44 208 816 85 48 Website: www.reportbuyer.com
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