Maldives E-Cigarette Market: Industry Overview (2022-2027) by Product, Distribution Channel, and Region

Maldives E-Cigarette Market Overview:

An electronic cigarette is a form of inhaler that contains nicotine and other chemical substances. This inhaler uses the energy of the battery to transform the liquid into steam giving the inhaler the sensation of smoking a cigarette. The liquid used in e-cigarettes can include nicotine and other harmful substances. Electronic Nicotine Delivery System (ENDS) devices are used to heat a nicotine solution to create aerosols. It is also found in a variety of flavors. Furthermore, some brands use formaldehyde in their e-cigarettes, which is extremely hazardous and carcinogenic. The GYTS has investigated the usage of electronic cigarettes among youth in the Maldives. Unfortunately, the survey indicated that the use of these products is increasing among Maldivian youth. Electronic cigarettes, often known as e-cigarettes, were known to 57 % of students and approx. 17.1 % of students have smoked electronic cigarettes at some stage of life.

The report examines the market's growth drivers as well as its segments (Product, Distribution Channel, and Region). Data has been provided by market participants. This market study takes an in-depth look at all of the significant advancements that are currently occurring across all industry sectors. To provide key data analysis for the historical period (2017-2020), statistics, infographics, and presentations are used. The report examines the Maldives E-Cigarette market's, Restraints, Opportunities, and Challenges. This SMR report includes investor recommendations based on a detailed analysis of the current competitive landscape of the Maldives E-Cigarette Market.

Maldives E-Cigarette Market Dynamics:

Designated Smoke-Free Places in the Maldives.

E-cigarettes are regulated similarly to conventional tobacco products in the Maldives, and such electronic nicotine delivery systems (ENDS) are illegal in areas where smoking is prohibited. Most workplaces and public locations are prohibited from allowing smoking in the Maldives. The legislation allows smoking in designated smoking areas in non-air-conditioned teashops, restaurants, cafés, and other food and beverage facilities that are not air-conditioned. The legislation prohibits smoking in public transportation vehicles, vessels, and facilities.

Government Rules and regulations for E-Cigarette use in the Maldives.

Electronic cigarettes (defined as any product that contains tobacco or its extracts in any form) are controlled under the Tobacco Control Act (Law 15/2010). The Tobacco Control Act requires obtaining permission from the Ministry of Health for selling tobacco products in Maldives Electronic cigarettes market. Sales to children under the age of 18 are prohibited. The selling of electronic cigarettes through vending machines, the internet, single cigarettes, small packages of cigarettes, and smokeless tobacco containing less than 30 grams is prohibited by law. However, there are no geographical limits on the selling of e-cigarette products.

Health issues owing to the consumption of E-Cigarette

E-cigarette firms are marketing it as the "new fashion statement" for youngsters and millionaires. E-cigarette consumption doubles the chances of depression. According to a study, E-cigarette users have a 56% increased chance of having a heart attack. At the same time, ingesting it for an extended period might lead to blood clotting issues. This reason may hamper the growth of the E-cigarette market during the forecast period.

Maldives E-Cigarette Market Segment Analysis:

By Product, the rechargeable segment held 59 percent of the E-cigarette market in 2020. They are more cost-effective in the long term since they do not require the purchase of consumables such as cartridges. Customers who produce their e-liquids do not need to purchase pre-filled cartridges. Customers may use the rechargeable devices for an extended period of time by changing the cartridge with e-liquid. Rechargeable e-cigarettes are extremely cost-effective who use an e-cigarette on daily basis. These factors are propelling market segment growth.

The purpose of this research is to provide stakeholders in the industry with a thorough insight into the Maldives E-Cigarette market. The study includes an analysis of difficult data in simple language, as well as the industry's historical and current state, as well as anticipated market size and trends. The market report examines all segments of the industry, with a focus on significant players such as market leaders, followers, and new entrants. The report includes a PORTER, and PESTEL analysis as well as the possible influence of microeconomic market determinants. External and internal elements that are expected to have a favorable or negative impact on the market have been examined, providing decision-makers with a clear future vision of the industry. The research also aids in comprehending the Maldives E-Cigarette market dynamics and structure by studying market segments and forecasting market size. The research is an investor's guide since it depicts the competitive analysis of major competitors in the Maldives E-Cigarette market by product, price, financial situation, product portfolio, growth plans, and geographical presence.

Maldives E-Cigarette Market Scope:

Maldives E-Cigarette Market Players

• Camel
• Marlboro
• Dunhill
• American Legend and Benson
• Hedges