GCC E-Cigarette Market

GCC E-Cigarette Market Overview:

The GCC e-cigarette market was worth US$ XX Billion in 2022, expanding at a CAGR of X% during 2017-2022. Looking forward, the market is projected to grow at a CAGR of around X% during 2023-2028, reaching a value of US$ XX Billion by 2028. An e-cigarette is a device with an atomizer, a battery, and an inhaler to simulate the smoking experience without inhaling smoke. Also known as vaporizers, this device contains nicotine- or nicotine-free liquid solutions, propylene glycol, vegetable glycerin, and flavorings, to produce an aerosol. It is considered to be less harmful than traditional cigarettes as it does not burn tobacco to generate tar and carbon monoxide. E-cigarettes are preferred over conventional cigarettes as they produce zero smoke, offer reduced health-related issues, and have the ability to smoke in public areas. In recent years, e-cigarettes have gained momentum across the GCC region as they provide a tobacco smoking sensation and are available in different shapes and sizes, resembling regular cigarettes, cigars, pipes and pens.

One of the primary factors driving the market is the rising awareness about the harmful effects of tobacco, especially among the younger population across the GCC region. Additionally, there has been escalating demand for e-cigarettes as they are more economical with better battery life than their conventional counterparts. Nowadays, smokers are also switching to vaping as an alternative to quit smoking, which is accelerating the product sales. Other than this, key players are introducing a wide range of flavors, such as tobacco, menthol, fruits and nuts, and chocolate, thereby positively influencing the market growth. Besides this, they are offering customization to the consumers, such as temperature control and nicotine dosages, thus propelling the market growth. In line with this, rechargeable e-cigarettes have gained popularity among consumers due to their flexibility as compared to their single-use variants. Furthermore, leading manufacturers are promoting e-cigarettes through social media and various e-commerce platforms. Moreover, the reusability of e-cigarettes by refilling, increasing number of smokers and several technological advancements, is creating lucrative growth opportunities for the key players operating in the industry.

Beginning with a regional overview, the report explores the dynamics that have a strong influence on the GCC e-cigarette market and can also impact its future growth. Taking 2022 as the base year, the report covers historical market scenario from 2017-2022 and provides forecasts till 2028. This includes the study of value and volume trends and pricing history. Growth inducing factors, market restraints and recent developments have also been analysed in the report in order to provide a deeper knowledge about the industry. On a regional basis, the report examines the GCC e-cigarette market in Saudi Arabia, United Arab Emirates, Qatar, Kuwait, Oman and Bahrain. For each of these regions, the report studies the GCC e-cigarette market in detail for latest trends, outlook and opportunities.

The report analyses the competitive structure of the GCC e-cigarette market industry and provides the profiles of major players operating in the market. The price margins for the products along with the various success and risk factors for manufacturers have also been covered in the report. Moreover, in order to determine market attractiveness, the report analyses the GCC e-cigarette market industry along the parameters of the Porter’s Five Forces model. This model examines the degree of competition in the GCC e-cigarette market industry by analysing the threat posed by new entrants and substitutes, and the bargaining power of suppliers and buyers. SWOT analysis of the market has also been presented in the report which highlights the strengths, weaknesses, opportunities and threats pertaining to the GCC e-cigarette market industry. Furthermore, the value chain analysis of the GCC e-cigarette market industry has also been covered in the report. This comprises of all the activities in the value chain, such as the procurement of various raw materials, manufacturing, sales and distribution. 

GCC E-Cigarette Market Segment Insights:

The GCC e-cigarette market has been analysed as followed:

By Product:

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

By Flavor:

• Tobacco
• Botanical
• Fruit
• Sweet
• Beverage
• Others

By Mode of Operation:

• Automatic E-Cigarette
• Manual E-Cigarette

By Distribution Channel:

• Specialist E-Cig Shops
• Online
• Supermarkets and Hypermarkets
• Tobacconist
• Others

By Country:

• Saudi Arabia
• UAE
• Qatar
• Oman
• Kuwait
• Bahrain

Country-wise, the market has been segmented into Saudi Arabia, United Arab Emirates, Qatar, Kuwait, Oman and Bahrain. Amongst these, Saudi Arabia represents the largest market, accounting for majority of the GCC region.

Competative Landscape: 

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

Highlights of the GCC E-Cigarette Market Report:

• Historical and current scenario
• Trends and developments
• Impact of COVID-19
• Market forecast
• Price analysis and forecast
• Porter’s five forces analysis
• SWOT analysis
• Value chain analysis

Report Customisation:

The GCC e-cigarette market report can be customised as per your requirements. You can get in touch with our analyst, who will make sure that the report suits your research needs