Global E-cigarette Industry Outlook
The global e-cigarette industry is forecast to experience a rapid growth driven by rising levels of disposable income among the consumers. The top e-cigarette brands are focused on creating awareness about the benefits or electronic cigarette which is likely to have a positive impact on the growth of the global e-cigarette market. Countries like China, India, Brazil, Indonesia, Russia, Thailand and South Africa are witnessing a thriving economical growth which will contribute to a greater demand for the best e-cigarette brands in the world. According to the latest market report by Technavio, the global e-cigarette market is forecast to grow at a CAGR of more than 22% over the next five years.
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Global E-Cigarette Market Report 2019-2023
What are the Best Brands of Electronic Cigarettes?
The top e-cigarette brands have gained immense popularity in the recent years owing to increased benefits of electronic cigarette compared to tradition cigarettes for the lower levels of nicotine. The leading e-cigarette manufacturers are focused on developing innovative electronic cigarettes in a variety of flavors and many of them also retail electronic cigarette online to reach out to a larger audience. Furthermore, factors like better infrastructure and rapid urbanization in several emerging economies is boosting the growth of e-cigarette manufactures across the globe. Here follows a list of the top e-cigarette brands in the world.
Top E-cigarette Brands in the World 2019
1. Altria Group
Altria Group is one of the best e-cigarette brands in the world and was formerly known as Philip Morris Companies, Inc. Altria Group ranks highly on the list of the top e-cigarette brands in the world and was established in 1985 by Philip Morris with it’s headquartered based at Virginia, USA. The annual revenue of Altria Group is estimated to be around USD 25 billion and more than 8,300 professionals are employed with this top e-cigarette manufacturer.
2. British American Tobacco
British American Tobacco was founded in 1902 with a joint venture between Imperial Tobacco Company and American Tobacco Company. The headquarters of British American Tobacco, a top e-cigarette brand in the world is located at London, United Kingdom and it is a market leader in more than 50 nations. The annual revenue of British American Tobacco was worth around USD 28 billion at the end of 2017 and the leading e-cigarette manufacturer has a presence in more than 180 countries across the globe.
3. Imperial Brands
Imperial Brands is another of the top e-cigarette brands in the world and was established in the year 1901 by the merger of 13 British cigarette and tobacco manufacturing companies. Imperial Brands has an annual revenue of about USD 32 billion and employs more than 34,000 professionals across the world. The head office of Imperial Brands, a leading e-cigarette manufacturer is based out of Bristol, United Kingdom.
4. Japan Tobacco
Japan Tobacco is one of the best e-cigarette brands in the world and was founded in 1949 by the Japan’s Ministry of Finance. Japan Tobacco, one of the top e-cigarette brands is 50% owned by the Government of Japan and is headquartered at Tokyo, Japan. The annual revenue of Japan Tobacco is estimated to be around USD 20 billion and this top e-cigarette manufacturer has more than 48,000 employees worldwide.
NJOY is among the top e-cigarette brands in the world and was established in 2006 by Mark Weiss. NJOY is considered as among the first e-cigarette brands to start selling electronic cigarettes as a substitute for cigarettes and the company headquarters are located at Arizona, USA. NJOY has a presence in all the 50 states in the US and several countries in Europe. The annual revenue of NJOY is around USD 15 million.
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Future Trends: Top E-cigarette Brands are poised for a Meteoric Rise
With the advent of technology and connected devices, the best e-cigarette brands are expected to witness a reshaping of the vaping industry. The leading e-cigarette manufacturers are likely to manufacture electronic cigarettes with a longer battery life and consistency in vape pens, powered e-cigarettes, and similar product innovations. The global e-cigarette market is also predicted to get boosted by the growth of recreational and medical marijuana industry as many regions are expected to pass laws for the legalization of marijuana. Also, the introduction of mobile and connected devices will increase the popularity and adoption of e-cigarettes over the next few years.
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