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Ride the Storm: Navigating Through Unstable Periods / Katerina Rudko (Belka G...
E cigarette
1. Electronic cigarettes originally hail from China
and made their way across the world in
the 90′s, after becoming an internet sensation.
They have now surpassed that status and are
gaining an stablished place in the market.
3. E-Cigarette Market is Booming
Electronic cigarettes originally hail from China and made their way
across the world in the 90′s, after becoming an internet sensation. They
have now surpassed that status and are gaining an stablished place in the
market. The potential of this product has raised the enthusiasm of
industry experts that foresee the sucess and fortune associated with e-
cigarettes. Some analyst predict that e-cigarettes could even eclipse the
popularity of traditional cigarettes within the next decade. The
beginnings of the e-cigarette industry remind many of the start of energy
drinks. They proved to be more than a trend and so are e-cigs. There is an
amazing room for growth in the e-cigarette market. Insiders are confident
that the electronic cigarette industry will be worth over $1 billion in the
coming years.
Although at the moment, the number of e-cigarette users is nowhere near
to the number of those consuming traditional tobacco products,
according to some experts, the main difference is that e-cigs are in the rise
while tobacco products are losing their ground. E-cigarettes are becoming
more and more appealing to consumers, thanks to the notion that they
offer the same sensation of a traditional cigarette with reduced risk.
4. E-Cigarette Market is Booming
Innovation and reduced health concerns are
two key elements that make e-cigarettes
attrarctive. While manufacturers cannot make
health claims due to FDA regulations, more
consumers are switching to e-cigs as a mean
to enjoy a less harmful smoking experience. In
addition, e-cigarettes do not produce the
smell and second hand smoke that concerns
non smokers. They are an alternative for
those that are not ready to quit altogether but
don’t want to bother those around them.
Added benefits of e-cigarettes include their
price (they end up being cheaper
than regular tobacco products).and their
convenience.
With all the buzz and advantages of e-
cigarettes, it is no wonder why they are
getting attention even from tobacco
companies that may consider the possibility
of getting hold of the e-cigarette market.
5. E-Cigarette Market is Booming
As a product that is quickly achieving its
permanent place in the market, there are
regulation discussions surrounding e-cigarettes,
specially when it comes to taxing and regulating
their distribution. There are plans to regulate e-
cigarettes as tobacco products. This means that e-
cigarette importers must hold tobacco importing
licenses, and sellers must have tobacco licenses in
all states. While e-cigarette manufacturers have no
issues with the taxing of the product, they are
adamant in getting a fair tax that takes into
consideration that the product is less harmful than
its tobacco counterparts.
The interest on electronic cigarettes is increasing
and although it may take a few year to get a
massive switch from traditional smoking to e-
cigarette experience, there are more and more
commited users that will contrinute to the
industry’s growth.