PUBLISHER: Grand View Research | PRODUCT CODE: 1433578
PUBLISHER: Grand View Research | PRODUCT CODE: 1433578
Philippines E-cigarette And Vape Market Size, Share & Trends Analysis Report By Product (Disposable, Rechargeable, Modular Devices), By Category, By Distribution Channel, And Segment Forecasts, 2024 - 2030
Philippines E-cigarette And Vape Market Growth & Trends:
The Philippines e-cigarette and vape market size is anticipated to reach USD 345.6 million by 2030 and is anticipated to expand at a CAGR of 18.7% from 2024 to 2030, according to a new report by Grand View Research, Inc. As the country undergoes urbanization and modernization, there has been a noticeable shift in consumer habits, with an increasing number of individuals seeking alternatives to traditional tobacco products. E-cigarettes and vaping devices offer a contemporary and perceived healthier option compared to conventional cigarettes, aligning with the global trend of moving towards smoke-free alternatives. This has attracted a younger demographic in particular, as they are often more open to embracing novel technologies and trends.
The relative affordability of e-cigarettes compared to traditional tobacco products contributes to their popularity in the Philippines. With a diverse economic landscape and varying income levels, the accessibility and cost-effectiveness of vaping devices make them an attractive option for a broad spectrum of consumers. Additionally, the presence of a variety of flavors and customizable options in the e-cigarette market caters to consumer preferences, further driving the demand for the Philippines e-cigarette and vape industry.
Stringent regulations and periodic changes in policies can create uncertainty for manufacturers, distributors, and retailers in the e-cigarette industry. Frequent shifts in regulations can lead to compliance challenges and may even result in market contraction due to restrictive measures. Additionally, concerns about the potential health risks associated with vaping, particularly among young users, have prompted the government to consider tighter restrictions. These factors contribute to a challenging business environment, hindering the full potential growth of thee-cigarette and vape market in the Philippines. As the regulatory framework continues to evolve, industry players will need to navigate these complexities to foster sustainable growth in the market.
The Philippines has a sizable young population that is increasingly open to adopting new and trendy products. In recent years, vaping devices that can link to a smartphone via Bluetooth are expected to revolutionize the industry. Users can control the device from their phone or check the status of their vape after it is linked, making it easier to track. The market is witnessing growth due to the general trend of integrated technologies. Furthermore, as the vaping industry expands, vaping devices are expected to become smaller. Vape pens are reducing in size in response to the ongoing desire for technology to become micro-sized, allowing vapers to carry a little vape pen that can easily be slid into their pockets or purses. As vaping technology continues to advance, manufacturers are introducing a variety of flavors and customizable options, catering to the diverse tastes of the Philippines market.
Philippines E-cigarette And Vape Market Report Highlights:
- The disposable segment led the market in 2023. The growth of the segment is attributed to the convenience and accessibility it offers to users, eliminating the need for maintenance and recharging while catering to the growing demand for on-the-go and discreet vaping experiences
- The open vaping systems segment is expected to grow at a significant CAGR over the forecast period. The open vape systems segment witnessed significant growth due to its customizable and user-friendly nature, offering consumers the flexibility to choose and experiment with a variety of e-liquids and components, fostering a personalized vaping experience that aligns with evolving preferences and demands
- The online segment is expected to grow at a significant CAGR over the forecast period. The growth of the online segment can be attributed to the evolving digital landscape and shifting consumer preferences towards online shopping for a discreet and often specialized product category
- In July 2023, Voopoo launched DRAG H40, a DRAG POD MOD product. DRAG H40 is a small and compact POD MOD that delivers a comprehensive and deeply satisfying vaping experience despite its small size
Table of Contents
Chapter 1. Methodology and Scope
- 1.1. Research Methodology
- 1.2. Information Procurement
- 1.2.1. Purchased database.
- 1.2.2. GVR's internal database
- 1.2.3. Secondary sources & third - party perspectives
- 1.2.4. Primary research
- 1.3. Information Analysis
- 1.3.1. Data Analysis Models
- 1.4. Market Formulation & Data Visualization
- 1.5. Data Validation & Publishing
Chapter 2. Executive Summary
- 2.1. Philippines E-cigarette and Vape Market Snapshot, 2023 & 2030
- 2.2. Product Segment Snapshot, 2023 & 2030
- 2.3. Category Segment Snapshot, 2023 & 2030
- 2.4. Distribution Channel Segment Snapshot, 2023 & 2030
- 2.5. Competitive Landscape Snapshot, 2023 & 2030
Chapter 3. Philippines E-cigarette and Vape Market Variables, Trends & Scope
- 3.1. Market Lineage Outlook
- 3.2. Philippines E-cigarette and Vape Market - Value Chain Analysis
- 3.3. Philippines E-cigarette and Vape Market - Market Dynamics
- 3.3.1. Market Driver Analysis
- 3.3.2. Market Restraint Analysis
- 3.3.3. Market Opportunity Analysis
- 3.4. Industry Analysis Tools
- 3.4.1. Philippines E-cigarette and Vape Market - Porter's Analysis
- 3.4.2. Philippines E-cigarette and Vape Market - PESTEL Analysis
Chapter 4. Philippines E-cigarette and Vape Market Product Outlook
- 4.1. Philippines E-cigarette and Vape Market Share by Product, 2023 & 2030 (USD Million) (Thousand Units)
- 4.2. Disposable
- 4.2.1. Disposable Philippines E-cigarette and Vape Market Estimates and Forecast, 2018 - 2030 (USD Million) (Thousand Units)
- 4.3. Rechargeable
- 4.3.1. Rechargeable Philippines E-cigarette and Vape Market Estimates and Forecast, 2018 - 2030 (USD Million) (Thousand Units)
- 4.3.2. Pod Mode
- 4.3.2.1. Pod Mode Philippines E-cigarette and Vape Market Estimates and Forecast, 2018 - 2030 (USD Million) (Thousand Units)
- 4.3.3. Refill Mode
- 4.3.3.1. Refill Mode Philippines E-cigarette and Vape Market Estimates and Forecast, 2018 - 2030 (USD Million) (Thousand Units)
- 4.4. Modular Devices
- 4.4.1. Modular Devices Philippines E-cigarette and Vape Market Estimates and Forecast, 2018 - 2030 (USD Million) (Thousand Units)
Chapter 5. Philippines E-cigarette and Vape Market Category Outlook
- 5.1. Philippines E-cigarette and Vape Market Share by Category, 2023 & 2030 (USD Million)
- 5.2. Open Vaping Systems
- 5.2.1. Open Vaping Systems Philippines E-cigarette and Vape Market Estimates and Forecast, 2018 - 2030 (USD Million)
- 5.3. Closed Vaping Systems
- 5.3.1. Closed Vaping Systems Philippines E-cigarette and Vape Market Estimates and Forecast, 2018 - 2030 (USD Million)
Chapter 6. Philippines E-cigarette and Vape Market Distribution Channel Outlook
- 6.1. Philippines E-cigarette and Vape Market Share by Distribution Channel, 2023 & 2030 (USD Million)
- 6.2. Online
- 6.2.1. Online Philippines E-cigarette and Vape Market Estimates and Forecast, 2018 - 2030 (USD Million)
- 6.3. Retail
- 6.3.1. Retail Philippines E-cigarette and Vape Market Estimates and Forecast, 2018 - 2030 (USD Million)
- 6.3.2. Convenience Store
- 6.3.2.1. Convenience Store Philippines E-cigarette and Vape Market Estimates and Forecast, 2018 - 2030 (USD Million)
- 6.3.3. Drug Store
- 6.3.3.1. Drug Store Philippines E-cigarette and Vape Market Estimates and Forecast, 2018 - 2030 (USD Million)
- 6.3.4. Newsstand
- 6.3.4.1. Newsstand Philippines E-cigarette and Vape Market Estimates and Forecast, 2018 - 2030 (USD Million)
- 6.3.5. Tobacconist Store
- 6.3.5.1. Tobacconist Store Philippines E-cigarette and Vape Market Estimates and Forecast, 2018 - 2030 (USD Million)
- 6.3.6. Specialty E-cigarette Store
- 6.3.6.1. Specialty E-cigarette Store Philippines E-cigarette and Vape Market Estimates and Forecast, 2018 - 2030 (USD Million)
Chapter 7. Competitive Landscape
- 7.1. Company Categorization
- 7.2. Company Market Ranking/Share Analysis, 2023
- 7.3. Company Heat Map Analysis
- 7.4. Strategy Mapping
- 7.5. Company Profiles (Overview, Financial Performance, Product Overview, Strategic Initiatives)
- 7.5.1. Altria Group Inc.
- 7.5.1.1. Company Overview
- 7.5.1.2. Financial Performance
- 7.5.1.3. Product Benchmarking
- 7.5.1.4. Recent Developments
- 7.5.2. British American Tobacco plc
- 7.5.2.1. Company Overview
- 7.5.2.2. Financial Performance
- 7.5.2.3. Product Benchmarking
- 7.5.2.4. Recent Developments
- 7.5.3. Geekvape
- 7.5.3.1. Company Overview
- 7.5.3.2. Financial Performance
- 7.5.3.3. Product Benchmarking
- 7.5.3.4. Recent Developments
- 7.5.4. Imperial Brands plc
- 7.5.4.1. Company Overview
- 7.5.4.2. Financial Performance
- 7.5.4.3. Product Benchmarking
- 7.5.4.4. Recent Developments
- 7.5.5. Japan Tobacco Inc.
- 7.5.5.1. Company Overview
- 7.5.5.2. Financial Performance
- 7.5.5.3. Product Benchmarking
- 7.5.5.4. Recent Developments
- 7.5.6. Juul Labs, Inc.
- 7.5.6.1. Company Overview
- 7.5.6.2. Financial Performance
- 7.5.6.3. Product Benchmarking
- 7.5.6.4. Recent Developments
- 7.5.7. Philip Morris International Inc.
- 7.5.7.1. Company Overview
- 7.5.7.2. Financial Performance
- 7.5.7.3. Product Benchmarking
- 7.5.7.4. Recent Developments
- 7.5.8. RELX International Enterprise HK Limited
- 7.5.8.1. Company Overview
- 7.5.8.2. Financial Performance
- 7.5.8.3. Product Benchmarking
- 7.5.8.4. Recent Developments
- 7.5.9. Shenzhen Nevoks Technology Co.,Ltd (Nevoks)
- 7.5.9.1. Company Overview
- 7.5.9.2. Financial Performance
- 7.5.9.3. Product Benchmarking
- 7.5.9.4. Recent Developments
- 7.5.10. Voopoo
- 7.5.10.1. Company Overview
- 7.5.10.2. Financial Performance
- 7.5.10.3. Product Benchmarking
- 7.5.10.4. Recent Developments
- 7.5.1. Altria Group Inc.
List of Tables
- Table 1 Philippines e-cigarette and vape market - Industry snapshot & key buying criteria, 2018 - 2030
- Table 2 Philippines e-cigarette and vape market, 2018 - 2030 (USD Million)
- Table 3 Philippines e-cigarette and vape market, by product, 2018 - 2030 (USD Million) (Thousand Units)
- Table 4 Philippines e-cigarette and vape market, by category, 2018 - 2030 (USD Million)
- Table 5 Philippines e-cigarette and vape market, by distribution channel, 2018 - 2030 (USD Million)
- Table 6 Vendor landscape
- Table 7 Disposable Philippines e-cigarette and vape market, 2018 - 2030 (USD Million) (Thousand Units)
- Table 8 Rechargeable Philippines e-cigarette and vape market, 2018 - 2030 (USD Million) (Thousand Units)
- Table 9 Pod Mode Philippines e-cigarette and vape market, 2018 - 2030 (USD Million) (Thousand Units)
- Table 10 Refill Mode Philippines e-cigarette and vape market, 2018 - 2030 (USD Million) (Thousand Units)
- Table 11 Modular Devices Philippines e-cigarette and vape market, 2018 - 2030 (USD Million) (Thousand Units)
- Table 12 Open Vaping Systems Philippines e-cigarette and vape market, 2018 - 2030 (USD Million)
- Table 13 Closed Vaping Systems Philippines e-cigarette and vape market, 2018 - 2030 (USD Million)
- Table 14 Online Philippines e-cigarette and vape market, 2018 - 2030 (USD Million)
- Table 15 Retail Philippines e-cigarette and vape services market, 2018 - 2030 (USD Million)
- Table 16 Convenience Store Philippines e-cigarette and vape market, 2018 - 2030 (USD Million)
- Table 17 Drug Store Philippines e-cigarette and vape market, 2018 - 2030 (USD Million)
- Table 18 Newsstand Philippines e-cigarette and vape market, 2018 - 2030 (USD Million)
- Table 19 Tobacconist Store Philippines e-cigarette and vape market, 2018 - 2030 (USD Million)
- Table 20 Specialty E-cigarette Store Philippines e-cigarette and vape services market, 2018 - 2030 (USD Million)
List of Figures
- Fig. 1 Market segmentation and scope
- Fig. 2 Philippines e-cigarette and vape market, 2018 - 2030 (USD Million)
- Fig. 3 Philippines e-cigarette and vape market - Value chain analysis
- Fig. 4 Philippines e-cigarette and vape market - Market dynamics
- Fig. 5 Philippines e-cigarette and vape market - Key market driver impact
- Fig. 6 Philippines e-cigarette and vape market - Key market restraint impact
- Fig. 7 Philippines e-cigarette and vape market - Key opportunities prioritized.
- Fig. 8 Philippines e-cigarette and vape market - Porter's five forces analysis
- Fig. 9 Philippines e-cigarette and vape market - PESTEL analysis
- Fig. 10 Philippines e-cigarette and vape market, by product, 2023
- Fig. 11 Disposable Philippines e-cigarette and vape market size estimates and forecasts, 2018 - 2030
- Fig. 12 Rechargeable Philippines e-cigarette and vape market size estimates and forecasts, 2018 - 2030
- Fig. 13 Pod Mode Philippines e-cigarette and vape market size estimates and forecasts, 2018 - 2030
- Fig. 14 Refill Mode Philippines e-cigarette and vape market size estimates and forecasts, 2018 - 2030
- Fig. 15 Modular Devices Philippines e-cigarette and vape market size estimates and forecasts, 2018 - 2030
- Fig. 16 Philippines e-cigarette and vape market, by category, 2023
- Fig. 17 Open Vaping Systems Philippines e-cigarette and vape market size estimates and forecasts, 2018 - 2030
- Fig. 18 Closed Vaping Systems Philippines e-cigarette and vape market size estimates and forecasts, 2018 - 2030
- Fig. 19 Philippines e-cigarette and vape market, by distribution channel, 2023
- Fig. 20 Online Philippines e-cigarette and vape market size estimates and forecasts, 2018 - 2030
- Fig. 21 Retail Philippines e-cigarette and vape market size estimates and forecasts, 2018 - 2030
- Fig. 22 Convenience Store Philippines e-cigarette and vape market size estimates and forecasts, 2018 - 2030
- Fig. 23 Drug Store Philippines e-cigarette and vape market size estimates and forecasts, 2018 - 2030
- Fig. 24 Newsstand Philippines e-cigarette and vape market size estimates and forecasts, 2018 - 2030
- Fig. 25 Tobacconist Store Philippines e-cigarette and vape market size estimates and forecasts, 2018 - 2030
- Fig. 26 Specialty E-cigarette Store Philippines e-cigarette and vape market size estimates and forecasts, 2018 - 2030
