The North American market for legal cannabis should reach $25.5 billion by 2023 from $10.7 billion in 2018 at a compound annual growth rate (CAGR) of 18.9% for the period 2018 to 2023.
This research report presents an in-depth analysis of the North American e-cigarette and legal cannabis market segments. The report discusses the role of supply chain stakeholders, from manufacturers to researchers. The report analyzes key companies operating in the North American e-cigarette and legal cannabis markets.
The North American e-cigarette market is mainly divided into five major segments: type, sales channel, flavor, delivery system and country. Whereas the North American legal cannabis market is mainly divided into three major segments: form, sales channel and country. Estimated values are based on manufacturers’ total revenues. Projected and forecasted revenue values are in constant U.S. dollars, unadjusted for inflation.
- 32 data tables and 50 additional tables - An overview of the North American market for E-cigarette and legal cannabis - Analyses of market trends, with data from 2017 to 2018, and projections of compound annual growth rates (CAGRs) through 2022 - Market breakdown by type, component, channel and country. - Explanation of major drivers and the regional dynamics of the market and current trends within the industry - Description of various types, components and sales channels of E-cigarettes, and sources, forms and sales channels of cannabis - Detailed company profiles of the major vendors in the global market, including Altria Group Inc., Aurora Cannabis Inc., British American Tobacco Plc, GW Pharmaceuticals, ITC, Japan Tobacco Inc., Medicine Man Technologies Inc., NJOY Inc. and Vapage Premium E-Cigarettes
Electronic cigarettes are devices that work by vaporizing liquid nicotine. Electronic cigarettes are designed for individuals who do not want to smoke tobacco, but cannot or do not want to overcome their nicotine addiction. E-liquids that are being used in e-cigarettes contain nicotine concentrations between 0 and 48 mg/ml, typically 18 mg/ml, and more than 200 flavors are available in the market. E-cigarettes are a quickly emerging and varied product class. Moreover, these devices naturally deliver nicotine, flavorings and other additives to consumers via an inhaled aerosol. These devices are known by a variety of names, including e-cigs, e-hookahs, mods, vape pens and vape tank systems.
Major factors that are driving the growth of the e-cigarette and cannabis markets are the presence of established brands in North America coupled with the perceived health benefits of cannabis. Cannabis can treat many diseases such as AIDS/HIV, Alzheimer’s, arthritis, asthma, cancer, chronic pain, Crohn’s disease, epilepsy, glaucoma and multiple sclerosis. In addition, e-cigarettes and cannabis are customizable due to which the markets are undergoing rapid growth. However, an uncertain regulatory framework and the increasing incidence of e-liquid poisoning are some of the factors that may restrict the growth of North American e-cigarette and cannabis markets.
The North American market for e-cigarettes is mainly divided into five major segments: type (rechargeable, disposable and others), sales channel (specialty stores, supermarkets and others), flavor (fruit, tobacco, bakery, menthol, savory and others), delivery system (e-cigarettes, vapes, vape tanks and mods) and country (the U.S. and Canada).
The North American market for legal cannabis is mainly divided into three major segments: form (extracts, edibles, topical, flowers and others), sales channel (dispensaries/pharmacies, government retailers, cannabis producers and others (i.e. online) and country (the U.S., Canada and Mexico). The specialty stores segment was REDACTED in 2017 and is poised to grow at a CAGR of REDACTED during the forecast period. This segment is projected to reach REDACTED by 2023. Due to the wide availability of various cannabis products in specialty stores, this segment is also the fastest-growing segment.
The North American e-cigarette market by delivery system is segmented into e-cigarettes, vapes, vape tanks and mods. The e-cigarette segment had revenue of REDACTED in 2017 and is expected to reach REDACTED by 2023 at a CAGR of REDACTED during the forecast period. Vapes, vape tanks and mods are expected to reach REDACTED, with a high CAGR of REDACTED during the forecast period. The vapes, vape tanks and mods segment had the fastest growth rate due to the various flavors that can be inhaled using tanks and mods. Additionally, vaporizers also reduce the risk of tobacco addiction.
The North American e-cigarette market based on type is segmented into rechargeable, disposable and others. The rechargeable segment reached REDACTED in 2017 and is poised to reach REDACTED by 2023, with a CAGR of REDACTED during the forecast period. The disposable cigarette segment is expected to reach REDACTED by 2023, with a high CAGR of REDACTED during the forecast period. The disposable cigarettes segment is the fastest-growing segment due to the benefits offered by disposable cigarettes such as no charging is required and they do not need to be refilled.
Table of Contents
Chapter 1 Introduction Study Goals and Objectives Reasons for Doing This Study Scope of Report Information Sources Research Methodology Primary Research Secondary Research Market Evaluation and Forecasting Methodology Intended Audience Analyst’s Credentials BCC Custom Research Related BCC Research Reports
Chapter 2 Summary and Highlights
Chapter 3 Market and Technology Background Market Definition and Scope History of E-cigarettes History of Cannabis Description of E-cigarettes Description of Legal Cannabis Marijuana Strains Forms Administration E-cigarette Market Trends Cannabis Market Trends Advantages and Disadvantages of E-cigarettes Advantages Disadvantages Some of the Medical Benefits of Cannabis Health Risks Recent Developments in the E-cigarettes Industry in U.S.
Chapter 4 Market Breakdown by Type of E-cigarette Rechargeable Advantages Disadvantages Disposable Advantages Disadvantages Others
Chapter 5 Market Breakdown by E-cigarette Delivery System E-cigarettes Vapes, Vape Tanks and Mods Top Coil Bottom Coil Multiple Coils
Chapter 7 Market Breakdown by E-cigarette Flavor Fruit Tobacco Bakery/Dessert Menthol Savory/Spice Others
Chapter 8 E-cigarette Market Breakdown by Country U.S. Canada
Chapter 9 Cannabis Market Breakdown by Form Extracts and Concentrates Edibles Topicals Flowers Others
Chapter 10 Cannabis Market Breakdown by Sales Channel Dispensaries/Pharmacies Government Retailers Cannabis Producers Online
Chapter 11 Cannabis Market Breakdown by Country U.S. U.S. Regulations Canada History Proposed Legislation Mexico
Chapter 12 Regulatory Landscape Regulatory Structure of E-cigarettes Regulatory Structure of E-cigarettes in the U.S. Regulatory Structure of E-cigarettes in Canada Regulatory Structure of Cannabis Regulatory Structure of Cannabis in the U.S. Regulatory Structure of Cannabis in Canada
Chapter 13 Market Opportunities Key Suppliers and Manufacturers’ Positioning and Strategy
Chapter 14 Company Profiles ABATTIS BIOCEUTICALS CORP. ALTRIA GROUP INC. ALTSMOKE AMERICANN INC. APHRIA INC. ARENA PHARMACEUTICALS AURORA CANNABIS AXIM BIOTECHNOLOGIES INC. BLACK NOTE INC. BLUE CIGS BRITISH AMERICAN TOBACCO PLC CANOPY GROWTH CARA THERAPEUTICS INC. CIGAVETTE CORBUS PHARMACEUTICALS INC. ENVY CIG GAMUCCI GW PHARMACEUTICALS PLC HIGHBROW VAPOR IMPERIAL BRANDS PLC ITC JAPAN TOBACCO INC. MEDICAL MARIJUANA INC. MEDICINE MAN TECHNOLOGIES INC. NICOCIG (VIVID VAPOURS) NJOY INC. NOVUS ACQUISITION & DEVELOPMENT CORP. PROSMOKE ROAR VAPOR LLC SAFE CIG TECC (UKVB GROUP) V2 CIGS VAPAGE PREMIUM E-CIGARETTES VAPE DUDES VAPOR ALLEY VAPESAFE VIRGIN VAPOR WHITE CLOUD ELECTRONIC CIGARETTES