Indonesia E-Cigarette Market Research Report, 2028

Indonesia E-Cigarette Market Research Report, 2028

Actual Market Research 31-12-2022 66 Pages Figures : 6 Tables : 18 Region : Asia-Pacific Country : Indonesia Category : Consumer Goods & Services Leisure

The Indonesian e-cigarette market is anticipated to grow fluently during the forecast period. Indonesia is one of the countries demonstrating humankind's e-cigarette trend. This e-cigarette trend in the country is effectively fueling the growth of this demand. This demand has been one of the most suggestive in the country. The e-cigarette and vape market has grown significantly in recent years, as devices have gotten more efficient in terms of battery life the variety of flavors offered. Furthermore, a wide range of flavors, including menthol. Tobacco, fruits and botanicals, and Sweets, are available on the market, attracting a significant number of clients. According to the research report "Indonesia E-Cigarette Market Research Report, 2028," published by Actual Market Research, the market is expected to add USD 0.20 Billion by 2028. E-cigarettes hold a major share of the tobacco products segment. Moreover, manufacturers are introducing new-generation products that offer different strengths of nicotine and enable users to refill the cartridge. Modular e-cigarettes can be refilled by the user, but it also allows the user to regulate the power from the batteries to the atomizer. Apart from this, the easy availability of e-cigarettes across the well-distributed retail sector has further escalated the market growth in the Country. Furthermore, the manufactures offering of customization capabilities such as temperature control and nicotine dosages is projected to boost product demand. Moreover, players’ continual improvement in new product development is expected to accelerate market expansion. This e-cigarette trend in the country is effectively fueling the growth of this market. This market has become one of the most significant in the country. The electronic cigarettes (e-cigarettes) market in the country is in its early stages, with a small number of manufacturers and distribution channels, but it is progressing well in the country. This shows the future of this market is very promising. With the introduction of e-cigarettes, people's preferences in the country are shifting away from traditional cigarettes and toward e-cigarettes. One of the major factors encouraging the market to grow effectively is people's changing behavior and lifestyle. The growth of this market is attributed to the nation’s growing population, growing awareness regarding e-cigarettes, and growth in the number of smokers in the country. The popularity of these types of cigarettes has also led to the development of this market. The changing behavior and lifestyle of people are one of the major factors encouraging the market to grow effectively. The growth of this market is attributed to the nation’s growing population, growing awareness regarding e-cigarettes, and growth in the number of smokers in the country. The popularity of these types of cigarettes has also led to the development of this market. The growing urge of smokers to quit smoking and the increasing preference of consumers for safer alternatives to tobacco smoking are major factors driving the growth of the Indonesian e-cigarette market. However, the ban on e-cigarettes by various governments led by health-related concerns is a major factor restraining market growth. Market players are constantly focusing on developing better technologies and offering better products to enhance consumer satisfaction. This is another factor projected to boost the growth of the e-cigarette market over the forecast period. The Offline segment accounted for the highest market share. Earlier, e-cigarettes were sold in retail outlets such as vape shops and gas stations. These shops assisted customers to try out and test these devices before making a purchase decision is expected to drive the retail store segment growth over the forecast period. The online segment is anticipated to register a significant CAGR over the forecast period. The benefits of an online marketplace in terms of competitive pricing, convenience, and access to a wider variety of products encourage people to purchase e-cigarettes and vape online. The country has also been witnessing a rising demand for e-cigarette products, encouraging sellers to sell e-cigarettes online. Covid-19 E-cigarettes are among the non-essential products, and this was the major reason the growth of this sector declined rapidly during the pandemic. Industries that offer the most essential services and products to people were progressing during the COVID-19 pandemic. Non-essential sectors were not allowed to operate in order to follow the rules and regulations of the lockdown. The market is one of the most important parts of the Asia Pacific (APAC) e-cigarette market. The market faced various challenges when the pandemic hit. During the pandemic, there was a huge reduction in the demand for e-cigarettes owing to increased health consciousness among people in the country. People were focusing on their maintaining their health so they can protect themselves from the pandemic, and this factor led to a decline in the market. Furthermore, there were manufacturing and supply chain constraints that slowed market growth. The Indonesian e-cigarette market share is anticipated to boost in the near future since it is progressing effortlessly now. Considered in this report • Geography: Indonesia • Historic year: 2017 • Base year: 2022 • Estimated year: 2023 • Forecast year: 2028 Aspects covered in this report • Indonesia E-Cigarette market with its value and forecast along with its segments • Various drivers and challenges • On-going trends and developments • Top profiled companies • Strategic recommendation By Product • Modular E-Cigarette • Rechargeable E-Cigarette • Next-Generation E-Cigarette • Disposable E-Cigarette • Others By Flavour • Tobacco • Botanical • Fruit • Sweet • Beverage • Others By Battery Mode • Automatic E-cigarette • Manual E-cigarette By Distribution Channel • Online • Offline The approach of the report: This report consists of a combined approach of primary as well as secondary research. Initially, secondary research was used to get an understanding of the market and list out the companies that are present in the market. The secondary research consists of third-party sources such as press releases, annual reports of companies, and analyzing government-generated reports and databases. After gathering the data from secondary sources primary research was conducted by making telephonic interviews with the leading players about how the market is functioning and then conducting trade calls with dealers and distributors of the market. Post this we have started doing primary calls to consumers by equally segmenting consumers into regional aspects, tier aspects, age groups, and gender. Once we have primary data with us we started verifying the details obtained from secondary sources. Intended audience: This report can be useful to industry consultants, manufacturers, suppliers, associations & organizations related to the e-cigarette industry, government bodies, and other stakeholders to align their market-centric strategies. In addition to marketing & presentations, it will also increase competitive knowledge about the industry.

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