Can Shifting Consumer Preferences Sustain a 10.2% CAGR in the Electronic Cigarettes Market?

Intel Market Research, the global electronic cigarettes market was valued at USD 18.31 billion in 2024 and is projected to reach USD 35.63 billion by 2034, growing at a CAGR of 10.2% during the forecast period (2025–2034). This expansion reflects shifting consumer preferences toward alternatives to traditional tobacco products coupled with technological advancements in vaping devices.