North American E-cigarette and Legal Cannabis Markets
ID : RND_038817 Format : PDF May, 2019 Publisher : BCC Research Pages : 150
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
Market Evaluation and Forecasting Methodology
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
E-cigarette Market Trends
Cannabis Market Trends
Advantages and Disadvantages of E-cigarettes
Some of the Medical Benefits of Cannabis
Recent Developments in the E-cigarettes Industry in U.S.
Chapter 4 Market Breakdown by Type of E-cigarette
Chapter 5 Market Breakdown by E-cigarette Delivery System
Vapes, Vape Tanks and Mods
Chapter 6 Market Breakdown by E-cigarette Sales Channel
Chapter 7 Market Breakdown by E-cigarette Flavor
Chapter 8 E-cigarette Market Breakdown by Country
Chapter 9 Cannabis Market Breakdown by Form
Extracts and Concentrates
Chapter 10 Cannabis Market Breakdown by Sales Channel
Chapter 11 Cannabis Market Breakdown by Country
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.
AXIM BIOTECHNOLOGIES INC.
BLACK NOTE INC.
BRITISH AMERICAN TOBACCO PLC
CARA THERAPEUTICS INC.
CORBUS PHARMACEUTICALS INC.
GW PHARMACEUTICALS PLC
IMPERIAL BRANDS PLC
JAPAN TOBACCO INC.
MEDICAL MARIJUANA INC.
MEDICINE MAN TECHNOLOGIES INC.
NICOCIG (VIVID VAPOURS)
NOVUS ACQUISITION & DEVELOPMENT CORP.
ROAR VAPOR LLC
TECC (UKVB GROUP)
VAPAGE PREMIUM E-CIGARETTES
WHITE CLOUD ELECTRONIC CIGARETTES
List of Tables
Summary Table : North American Market for Legal Cannabis, by Country, Through 2023
Table 1 : North American Market for E-cigarettes, by Type, Through 2023
Table 2 : North American Market for E-cigarettes, by Delivery System, Through 2023
Table 3 : North American Market for E-cigarettes, by Sales Channel, Through 2023
Table 4 : North American Market for E-cigarettes, by Flavor, Through 2023
Table 5 : Most Popular Two-Flavor and Three-Flavor Combinations
Table 6 : North American Market for E-cigarettes, by Country, Through 2023
Table 7 : U.S. E-cigarette Market, by Type, Through 2023
Table 8 : U.S. E-cigarette Market, by Flavor, Through 2023
Table 9 : U.S. E-cigarette Market, by Sales Channel, Through 2023
Table 10 : Canadian E-cigarette Market, by Type, Through 2023
Table 11 : Canadian E-cigarette Market, by Flavor, Through 2023
Table 12 : Canadian E-cigarette Market, by Sales Channel, Through 2023
Table 13 : North American Market for Legal Cannabis, by Form, Through 2023
Table 14 : North American Market for Legal Cannabis, by Sales Channel, Through 2023
Table 15 : Largest Cannabis Producers in North America
Table 16 : U.S. Market for Legal Cannabis, by Form, Through 2023
Table 17 : U.S. Market for Legal Cannabis, by Sales Channel, Through 2023
Table 18 : Canadian Market for Legal Cannabis, by Form, Through 2023
Table 19 : Canadian Market for Legal Cannabis, by Sales Channel, Through 2023
Table 20 : Mexican Market for Legal Cannabis, by Form, Through 2023
Table 21 : Mexican Market for Legal Cannabis, by Sales Channel, Through 2023
Table 22 : E-cigarette Manufacturers
Table 23 : Strategies Adopted by Companies, 2015-2017
Table 24 : Abattis: Developments, 2015-2017
Table 25 : Altria Group: Product Portfolio
Table 26 : Altria Group: Financials, 2014-2016
Table 27 : Altria Group: Developments, 2015-2017
Table 28 : AltSmoke: Product Portfolio
Table 29 : AmeriCann: Financials, 2015-2017
Table 30 : AmeriCann: Developments, 2015-2017
Table 31 : Aphria: Product Portfolio
Table 32 : Aphria: Financials, 2014-2016
Table 33 : Aphria: Developments, 2015-2017
Table 34 : Arena Pharmaceuticals: Financials, 2014-2016
Table 35 : Aurora Cannabis: Product Portfolio
Table 36 : Aurora Cannabis: Financials, 2014-2016
Table 37 : AXIM Biotechnologies: Product Portfolio
Table 38 : AXIM Biotechnologies: Financials, 2014-2016
Table 39 : Black Note: Product Portfolio
Table 40 : Black Note: Developments, 2015-2017
Table 41 : Blu Cigs: Product Portfolio
Table 42 : British American Tobacco: Product Portfolio
Table 43 : British American Tobacco: Financials, 2014-2016
Table 44 : British American Tobacco: Developments, 2015-2017
Table 45 : Canopy Growth: Product Portfolio
Table 46 : Canopy Growth: Recent Developments
Table 47 : Cara Therapeutics: Financials, 2014-2016
Table 48 : Cigavette: Product Portfolio
Table 49 : Corbus Pharmaceuticals: Product Portfolio
Table 50 : Corbus Pharmaceuticals: Financials, 2014-2016
Table 51 : Envy Cig: Product Portfolio
Table 52 : Gamucci: Product Portfolio
Table 53 : GW Pharmaceuticals: Product Portfolio
Table 54 : Highbrow Vapor: Product Portfolio
Table 55 : Imperial Brands: Product Portfolio
Table 56 : Imperial Brands: Financials, 2015-2017
Table 57 : Imperial Brands: Developments, 2015-2017
Table 58 : ITC: Product Portfolio
Table 59 : Japan Tobacco: Product Portfolio
Table 60 : Japan Tobacco: Financials, 2014-2016
Table 61 : Medical Marijuana: Product Portfolio
Table 62 : Medical Marijuana: Developments, 2015-2017
Table 63 : Medicine Man Technologies: Product Portfolio
Table 64 : Medicine Man Technologies: Financials, 2014-2016
Table 65 : Medicine Man Technologies: Developments, 2015-2017
Table 66 : Nicocig: Product Portfolio
Table 67 : NJOY: Product Portfolio
Table 68 : Novus: Financials, 2014-2016
Table 69 : Novus: Developments, 2015-2017
Table 70 : ProSmoke: Product Portfolio
Table 71 : Roar Vapor: Product Portfolio
Table 72 : Safe Cig: Product Portfolio
Table 73 : TECC: Product Portfolio
Table 74 : V2 Cigs: Product Portfolio
Table 75 : Vapage: Product Portfolio
Table 76 : Vape Dudes: Product Portfolio
Table 77 : Vapor Alley: Product Portfolio
Table 78 : Vapesafe: Product Portfolio
Table 79 : Virgin Vapor: Product Portfolio
Table 80 : White Cloud Electronic Cigarettes: Product Portfolio
Table 81 : White Cloud Electronic Cigarettes: Developments, 2015-2017
A research methodology is a systematic approach for assessing or conducting a market study. Researchers tend to draw on a variety of both qualitative and quantitative study methods, inclusive of investigations, survey, secondary data and market observation.
Such plans can focus on classifying the products offered by leading market players or simply use statistical models to interpret observations or test hypotheses. While some methods aim for a detailed description of the factors behind an observation, others present the context of the current market scenario.
Now let’s take a closer look at the research methods here.
Secondary Research Model:
Extensive data is obtained and cumulated on a substantial basis during the inception phase of the research process. The data accumulated is consistently filtered through validation from the in-house database, paid sources as well reputable industry magazines. A robust research study requires an understanding of the overall value chain. Annual reports and financials of industry players are studied thoroughly to have a comprehensive idea of the market taxonomy.
Post conglomeration of the data obtained through secondary research; a validation process is initiated to verify the numbers or figures. This process is usually performed by having a detailed discussion with the industry experts.
However, we do not restrict our primary interviews only to the industry leaders. Our team covers the entire value chain while verifying the data. A significant number of raw material suppliers, local manufacturers, distributors, and stakeholders are interviewed to make our findings authentic. The current trends which include the drivers, restraints, and opportunities are also derived through the primary research process.
The market estimation is conducted by analyzing the data collected through both secondary and primary research. This process involves market breakdown, bottom-up and top- down approach.
Moreover, while forecasting the market a comprehensive statistical time series model is designed for each market. Macroeconomic indicators are considered to understand the current trends of the market. Each data point is verified by the process of data triangulation method to arrive at the final market estimates.
The penultimate process results in a holistic research report. The study equips key industry players to undertake significant strategic decisions through the findings. The report encompasses detailed market information. Graphical representations of the current market trends are also made available in order to make the study highly comprehensible for the reader.
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