Canada E-cigarette And Vape Market Size & Outlook
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Canada e-cigarette and vape market highlights
- The Canada e-cigarette and vape market generated a revenue of USD 1,181.0 million in 2023 and is expected to reach USD 8,403.4 million by 2030.
- The Canada market is expected to grow at a CAGR of 33% from 2024 to 2030.
- In terms of segment, rechargeable was the largest revenue generating product in 2023.
- Modular Devices is the most lucrative product segment registering the fastest growth during the forecast period.
E-cigarette and vape market data book summary
| Market revenue in 2023 | USD 1,181.0 million |
| Market revenue in 2030 | USD 8,403.4 million |
| Growth rate | 33% (CAGR from 2024 to 2030) |
| Largest segment | Rechargeable |
| Fastest growing segment | Modular Devices |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Disposable, Rechargeable, Modular Devices |
| Key market players worldwide | Altria Group Inc, British American Tobacco, Imperial Brands PLC, Vapor Group Inc, Japan Tobacco Inc, Pax Global Technology Ltd, Philip Morris International Inc, Reynolds Consumer Products Inc Ordinary Shares, Shenzhen International Holdings Ltd |
Other key industry trends
- In terms of revenue, Canada accounted for 4.2% of the global e-cigarette and vape market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In North America, U.S. e-cigarette and vape market is projected to lead the regional market in terms of revenue in 2030.
- Canada is the fastest growing regional market in North America and is projected to reach USD 8,403.4 million by 2030.
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E-cigarette And Vape Market Scope
E-cigarette And Vape Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Japan Tobacco Inc | View profile | 61432 | 2-1, Toranomon 2-chome, Minato-ku, Tokyo, Japan, 105-8422 | http://www.jt.com |
| Vapor Group Inc | View profile | 20 | 2260 West 80th Street, Suite 6, Hialeah, FL, United States, 33016 | http://www.vaporgroup.com |
| Shenzhen International Holdings Ltd | View profile | 8653 | No.1 Science Museum Road, Rooms 2206-2208, 22nd Floor, Greenfield Tower, Concordia Plaza, Hong Kong, Hong Kong | https://www.szihl.com |
| Reynolds Consumer Products Inc Ordinary Shares | View profile | 6000 | 1900 W. Field Court, Lake Forest, IL, United States, 60045 | https://www.reynoldsconsumerproducts.com |
| Philip Morris International Inc | View profile | 82700 | 677 Washington Boulevard, Suite 1100, Stamford, New York, NY, United States, 06901 | https://www.pmi.com |
| Pax Global Technology Ltd | View profile | 1771 | 30 Harbour Road, 25th Floor, Room 2504, Sun Hung Kai Centre, Hong Kong, Hong Kong | https://www.paxglobal.com.hk |
| Imperial Brands PLC | View profile | 25700 | 121 Winterstoke Road, Bristol, United Kingdom, BS3 2LL | https://www.imperialbrandsplc.com |
| British American Tobacco | View profile | 10001+ | London, England, United Kingdom, Europe | https://bat.com |
| Altria Group Inc | View profile | 6400 | 6601 West Broad Street, Richmond, VA, United States, 23230 | https://www.altria.com |
Canada e-cigarette and vape market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to e-cigarette and vape market will help companies and investors design strategic landscapes.
Rechargeable was the largest segment with a revenue share of 60.3% in 2023. Horizon Databook has segmented the Canada e-cigarette and vape market based on disposable, rechargeable, modular devices covering the revenue growth of each sub-segment from 2018 to 2030.
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Target buyers of Canada e-cigarette and vape market databook
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Our clientele includes a mix of e-cigarette and vape market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of country-level data and insights on the Canada e-cigarette and vape market , including forecasts for subscribers. This country databook contains high-level insights into Canada e-cigarette and vape market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Canada e-cigarette and vape market size, by product, 2018-2030 (US$M)
Canada E-cigarette And Vape Market Outlook Share, 2023 & 2030 (US$M)
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