In 2018, the Japanese vape ijoy mesh market reached 1.2 billion U.S. dollars, and the compound annual growth rate for 2019-2024 is expected to be 22.6%. Factors driving market growth include manufacturers’ increasing product innovation, promoting demand for smoke-free and ash-free steam, and focusing on mitigating health risks in Japan.
By region, Kanto had the largest share of the Japanese vape market in 2018. The increase in the number of new users and ex-smokers has promoted the development of the vape market in the region. It is also the most urbanized region in Japan, and some major cities including Tokyo, Chiba and Kanagawa have all contributed to the growth of the vape market.
According to sales channels, the vape market in Japan is divided into vape shops, tobacco shops, supermarkets/supermarkets, online and others. Others include convenience stores, gas stations, vending machines, pharmacies, and general stores. Among them, online channels are expected to surpass tobacco companies in 2024 and become the largest distribution channel. There are relatively few obstacles to establishing a new online business, and it is considered the best platform to meet consumer needs. In addition, discounts offered by online merchants such as Rakuten and Amazon Japan are considered to dreamer mod be key factors for consumers to switch to online channels to purchase vape.
The Japanese vape market is divided into men and women by gender. Among them, male consumers accounted for a larger share of the Japanese vape market in 2018. For most female consumers in the region, tobacco liquid consumption is still a taboo, and this trend has affected the use of vape by women.
Japan vape market dynamics
Growth is the driving force The smoke produced by burning tobacco is equally harmful to humans and the environment. Vape eliminates the emission of smoke, on the contrary, the smoke produced is easily dissolved in the air within a few seconds. This greatly reduces the side effects of smoking. Since vape does not produce smoke and soot, it can be used in places where traditional cigarettes are harmful to health and smoking is prohibited. Because of this, smoke-free and smoke-free vape is driving the vape market in this country dovpo topside vape.
The introduction of various vapes and electronic vapor devices on the market has had a significant impact on consumers’ smoking attitudes. Vape is increasingly affecting the lifestyles of smokers and ex-smokers. Compared with combustible cigarettes, vape has less negative health effects, which is the main reason for consumers to use smok vape pen. Therefore, vape manufacturers are rapidly opening retail stores and vape shops to promote their products to cater to the changing lifestyle preferences of consumers in the vape market.
With the rapid increase in the number of tobacco addicted consumers in Japan, vape is becoming more and more valuable as an alternative to traditional tobacco smoke. Tobacco companies are shifting from traditional tobacco products to next-generation vapor electronic devices, because more and more people, especially young people, have serious health concerns due to smoking. The focus is to replace traditional tobacco cigarettes and provide healthier, less chemical vape technology. The Japanese vape market is expected to achieve tremendous growth during the forecast period.
The competitive landscape of the Japanese vape market
The Japanese vape market is fiercely competitive, with companies such as Philip Morris International Inc., Japan Tobacco Inc., British American Tobacco plc and Imperial Brands plc Apv vv mod. Is the main participant. These participants participate in mergers and acquisitions, and launch products to increase their market share.
Philip Morris International, British American Tobacco. , Altria Group Co., Ltd., Japan Tobacco Co., Ltd., Empire Brand Co, Ltd., JUUL Labs Co., Ltd., Shenzhen iSmoka Electronics Co., Ltd., Shenzhen IVPS Technology Co., Ltd., Innokin Technology Co., Ltd., Shenzhen Conger Technology Co., Ltd., Pax Labs Co., Ltd. The company is a major player in the Japanese vape market.