Philippines E-cigarette And Vape Market Estimated To Reach USD 345.6 Million By 2030
San Francisco, 26 March 2024: The Report Philippines E-cigarette And Vape Market Size, Share & Trends Analysis Report By Product (Disposable, Rechargeable, Modular Devices), By Category, By Distribution Channel, And Segment Forecasts, 2024 - 2030 The Philippines e-cigarette and vape market size is anticipated to reach USD 345.6 million by 2030 and is anticipated to expand at a CAGR of 18.7% from 2024 to 2030, according to a new report by Grand View Research, Inc. As the country undergoes urbanization and modernization, there has been a noticeable shift in consumer habits, with an increasing number of individuals seeking alternatives to traditional tobacco products. E-cigarettes and vaping devices offer a contemporary and perceived healthier option compared to conventional cigarettes, aligning with the global trend of moving towards smoke-free alternatives. This has attracted a younger demographic in particular, as they are often more open to embracing novel technologies and tr