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Showing posts with the label South Korea E-Cigarette Market

Rising Health Awareness To Increase Demand for E-Cigarettes in South Korea

Because of the rising awareness about the harmful implications of tobacco smoking, people around the world are shifting from conventional cigarettes to electronic variants. For instance, the incidence of lung cancer can be reduced by quitting the consumption of tobacco cigarettes, which has led to a decline in their consumption in South Korea. The rising health consciousness and continuous developments in technology will therefore drive the growth of the South Korean e-cigarette market at a CAGR of 24.3% during the forecast period of 2019–2024, from $874.3 million in 2018 to $3.5 billion by 2024. E-cigarettes are available in multiple variants, including cig-a-likes, vape mods, vaporizers, and T-vapors. Out of these products, the demand for vaporizers was the highest in recent years, because of the dense smoke experience offered by them. But in the years to come, the demand for T-vapors will witness a surge in demand in South Korea. This would be on account of the increasing preferenc...