Skip to main content

Covid-19 Impact on South African E-Cigarette Market CAGR Rapidly Growing in Coming Years

The emergence of e-cigarette retail websites is driving the sales of e-cigarettes in South Africa. Moreover, with the rising penetration of the internet and the mushrooming usage of smartphones, many e-cigarette producing companies are increasingly focusing on marketing their products via online channels and promoting them via social media. Vape Africa, eCiggies Online Store, and VapeShop are some of the major online suppliers of e-cigarettes in the country. 

Besides, the declining use of conventional cigarettes, rising public awareness about the negative health effects of tobacco smoking, and greater convenience and safety provided by e-cigarettes are also fueling their sales in South Africa. In addition, the implementation of various policies by the government, such as the surge in taxes and stricter regulatory control, is also propelling the sales of e-cigarettes in the country.


Owing to the aforementioned factors, the popularity of e-cigarettes is soaring in South Africa, which is fueling the expansion of the South African e-cigarette market. According to the estimates of the market research company, P&S Intelligence, the revenue of the market will rise from $20.7 million in 2018 to $62.0 million by 2024. Furthermore, the market is predicted to demonstrate a CAGR of 18.6% from 2019 to 2024.

Amongst the menthol, tobacco, savory/spice, beverage, bakery/desert, candy, and fruit flavors, the popularity of the tobacco flavor was the highest in the years gone by. This was because of the close resemblance of tobacco-flavored e-cigarettes to conventional cigarettes, mainly in terms of aerosol formation and taste. Between males and females, the consumption of e-cigarettes was observed to be higher among males in the country during the last few years. 

Moreover, the requirement for these products among males will surge sharply in the forthcoming years as well. Hence, it can be safely said that the demand for e-cigarettes will soar in South Africa in the coming years, primarily because of the rising public preference for these products over conventional cigarettes, growing public awareness about the harmful health effects of tobacco smoking, and the emergence of several e-cigarette e-commerce retailers in the country.

Comments

Popular posts from this blog

Why is Demand for Ambient Lighting Surging in Asia-Pacific?

The surging adoption of LED lights in the industrial sector is credited to their high energy efficiency and excellent design structure. Additionally, the large-scale installation of LED lights in the residential sector is broadening the scope for greater efficiency and advanced designs. Luminaires and lamps, and lighting controls are the two most widely used types of ambient lighting solutions. Between these, the demand for luminaires and lamps was found to be higher in the world during the last few years. This was because luminaires and lamps are integral components of ambient lighting solutions. Furthermore, with the rising demand for greater energy efficiency, the adoption of LED lamps and luminaires is predicted to soar sharply in the forthcoming years.  Geographically, the demand for ambient lighting solutions was observed to be the highest in the Asia-Pacific (APAC) region in the years gone by and this trend will continue in the upcoming years as well. This is attributed to ...

Why Are Air Compressor Sales Rising in APAC Manufacturing Sector?

Among the top manufacturing nations in the world are China, Japan, India, and South Korea. Their booming population and export volume are leading to a continuous increase in industrial production. New manufacturing clusters are being set up, and a huge volume and variety of production equipment is being procured in order to fulfill the rising demand for all things imaginable.  One of the key pieces of equipment used at factories is an air compressor, often as part of larger machines that operate on pneumatics (air pressure). Therefore, as per P&S Intelligence, with the burgeoning industrial production, the value of the APAC air compressor market will increase to $15.2 billion by 2024 from $11.8 billion in 2018, at a 4.1% CAGR during 2019–2024 (forecast period).  Some of the common industrial machines that work on pneumatics, therefore require air compressors, are rock drills, riveters, pavement breakers, paint sprayers, forging presses, blast cleaners, nail guns, and atom...

Robotic Process Automation Market Drivers, Restraints, Opportunities, and Trends in Coming Years

Robotic process automation solutions allow businesses to create virtual workforce, which can work on routine and mundane tasks with high efficiency, thereby eliminating the requirement for manual intervention. These solutions offer scalability and reduce operational cost by over 50%, as the virtual workforce can work round the clock. As the RPA systems can work continuously, they offer enhanced customer satisfaction. With the growing complexities in operations, enterprises across the world are adopting automated solutions, interaction solutions, and decision support and management solutions to automate repetitive and mundane tasks. Apart from this, RPA software also helps in mechanizing back-end processes because it can run in the background 24*7. This, in turn, allows human employees to concentrate on more important tasks, such as product development or client handling. Get the Sample Copy of this Report @ https://www.psmarketresearch.com/market-analysis/robotic-process-automation-ma...