South Korea E-cigarette And Vape Market Size & Outlook

The e-cigarette and vape market in South Korea is expected to reach a projected revenue of US$ 1,925.8 million by 2030. A compound annual growth rate of 32.3% is expected of South Korea e-cigarette and vape market from 2024 to 2030.
Revenue, 2023 (US$M)
$272.2
Forecast, 2030 (US$M)
$1,925.8
CAGR, 2024 - 2030
32.2%
Report Coverage
South Korea

South Korea e-cigarette and vape market highlights

  • The South Korea e-cigarette and vape market generated a revenue of USD 272.2 million in 2023 and is expected to reach USD 1,925.8 million by 2030.
  • The South Korea market is expected to grow at a CAGR of 32.3% from 2024 to 2030.
  • In terms of segment, rechargeable was the largest revenue generating product in 2023.
  • Modular Devices is the most lucrative product segment registering the fastest growth during the forecast period.


E-cigarette and vape market data book summary

Market revenue in 2023USD 272.2 million
Market revenue in 2030USD 1,925.8 million
Growth rate32.3% (CAGR from 2023 to 2030)
Largest segmentRechargeable
Fastest growing segmentModular Devices
Historical data2018 - 2022
Base year2023
Forecast period2024 - 2030
Quantitative unitsRevenue in USD million
Market segmentationDisposable, Rechargeable, Modular Devices
Key market players worldwideAltria Group Inc, British American Tobacco, Imperial Brands PLC, Vapor Group Inc, Japan Tobacco Inc, Pax Global Technology Ltd, Philip Morris International Inc, Reynolds Consumer Products Inc Ordinary Shares, Shenzhen International Holdings Ltd


Other key industry trends

  • In terms of revenue, South Korea accounted for 1.0% of the global e-cigarette and vape market in 2023.
  • Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
  • In Asia Pacific, China e-cigarette and vape market is projected to lead the regional market in terms of revenue in 2030.
  • Japan is the fastest growing regional market in Asia Pacific and is projected to reach USD 2,841.8 million by 2030.

No credit card required*

Horizon in a snapshot

  • 30K+ Global Market Reports
  • 120K+ Country Reports
  • 1.2M+ Market Statistics
  • 200K+ Company Profiles
  • Industry insights and more

E-cigarette And Vape Market Scope

E-cigarette and vape market segmentation & scope
Disposable
Rechargeable
Modular Devices
Online
Convenience Store
Drug Stores
News Stands
Tobacconist
Specialty E-cigarette Stores

E-cigarette And Vape Market Companies

Name Profile # Employees HQ Website

South Korea e-cigarette and vape market outlook

The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to e-cigarette and vape market will help companies and investors design strategic landscapes.


Rechargeable was the largest segment with a revenue share of 37.62% in 2023. Horizon Databook has segmented the South Korea e-cigarette and vape market based on disposable, rechargeable, modular devices covering the revenue growth of each sub-segment from 2018 to 2030.


Reasons to subscribe to South Korea e-cigarette and vape market databook:

  • Access to comprehensive data: Horizon Databook provides over 1 million market statistics and 20,000+ reports, offering extensive coverage across various industries and regions.
  • Informed decision making: Subscribers gain insights into market trends, customer preferences, and competitor strategies, empowering informed business decisions.
  • Cost-Effective solution: It's recognized as the world's most cost-effective market research database, offering high ROI through its vast repository of data and reports.
  • Customizable reports: Tailored reports and analytics allow companies to drill down into specific markets, demographics, or product segments, adapting to unique business needs.
  • Strategic advantage: By staying updated with the latest market intelligence, companies can stay ahead of competitors, anticipate industry shifts, and capitalize on emerging opportunities.

Target buyers of South Korea e-cigarette and vape market databook

  • Our clientele includes a mix of e-cigarette and vape market companies, investment firms, advisory firms & academic institutions.
  • 30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
  • Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
  • The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.

Horizon Databook provides a detailed overview of country-level data and insights on the South Korea e-cigarette and vape market , including forecasts for subscribers. This country databook contains high-level insights into South Korea e-cigarette and vape market from 2018 to 2030, including revenue numbers, major trends, and company profiles.

Partial client list

  • logo

South Korea e-cigarette and vape market size, by product, 2018-2030 (US$M)

South Korea E-cigarette And Vape Market Outlook Share, 2023 & 2030 (US$M)

South Korea e-cigarette and vape market size, by product, 2018-2030 (US$M)

Sign up - it's easy, and free!

Sign up and get instant basic access to databook, upgrade
when ready, or enjoy our free plan indefinitely.

Explore all plans

Included in Horizon account

  • 30K+ Global Market Reports
  • 120K+ Country Reports
  • 1.2M+ Market Statistics
  • 200K+ Company Profiles
  • Industry insights and more