Top 10 E-Cigarette Companies in the World 2023

With the global E-cigarette market size reaching a whopping US$ 21.8 billion in 2022, the industry is on an upward trajectory.

E-cigarettes, a sleek, handheld battery-operated electronic device, is designed to simulate tobacco smoking through an inhaler without smoke combustion. The cartridges of e-liquid or e-juice contain propylene glycol, flavorings, other chemicals, and nicotine extracted mainly from tobacco. E-cigarettes comprise batteries, atomizers, and coils that are heated and transformed into vapor or aerosol, which is considered less harmful than traditional cigarettes. The market for E-cigarettes is currently available in disposable and rechargeable types.

To help you find the top companies in the E-cigarette market, we have compiled a list of the top 10 E-cigarette companies worldwide. These companies have introduced cost-effective E-liquids and E-cigarettes with various customization properties, including temperature control and nicotine concentrations, to provide a suitable alternative to traditional smoking products.

1. Philip Morris International Inc.

Established in 1847, Philip Morris International Inc. is a prominent US-based multinational tobacco company that manufactures and supplies various smoke-free and nicotine-containing electronic gadgets and vapor accessories. The company offers IQOS heated tobacco, VEEV, and nicotine pouches as standard, sophisticated vapes that release flavors without burning. These smoke-free product variants undergo extensive reduced risk products (RRPs) assessments during the various product development phases and scientific research. Currently, the company’s goods are mainly distributed and are available for sale in 70 countries globally.

2. Altria Group Inc.

Formerly Philip Morris Companies, Inc., Altria Group Inc. is the owner of several major US-based companies with interests in tobacco products and wine. At present, the organization includes US smokeless tobacco company LLC (USSTC), John Middleton Co., Helix Innovations LLC, and Marlboro HeatSticks as profitable subsidiaries. Some of the product offerings include oral tobacco-nicotine pouches or smokeless tobacco, e-vapor, and heated tobacco products with the exclusive rights to commercialize IQOS and Marlboro HeatStick variants in the US.

3. British American Tobacco PLC

Established in 1902, British American Tobacco (BAT) PLC is a foremost Financial Times Stock Exchange Group (FTSE) organization that deals with extensive tobacco manufacturing. They specialize in supply chain management, agricultural operations, research and development (R&D) activities, fast-moving consumer goods (FMCG), and corporate and regulatory affairs operations. The franchise recently launched consumer-centric BAT’s Vuse ePen 3 and Vuse ePod vaping products with the support of biometric technology to replicate the aroma profiles of items.

4. Japan Tobacco, Inc.

Established in 1985, Japan Tobacco, Inc. is one of the leading vaping and tobacco companies that is focused on cigarette manufacturing, innovations, and sustainability activities. The brand’s domestic segment deals with the production and sale of various pharmaceutical, processed food, and tobacco-based products. Currently, they offer heated tobacco and e-cigarettes as main vaping product types. Amongst these categories, heated tobacco products encompass directly and indirectly heated vapor items, whereas, e-cigarettes offer cig-a-likes, and closed and open tank systems as standard variants. Apart from this, in 2018, JTI launched nicotine-containing e-cigarettes in Switzerland.

5. Imperial Tobacco Group

Established in 1901, Imperial tobacco group is one of the world’s largest multinational consumer-focused tobacco companies that manufacture and market cigars and fine-cut tobacco on a large scale. They offer cigarettes, vapor, heated tobacco, oral nicotine, and other tobacco-based goods and accessories. Under these, Gauloises, Winston, Davidoff, John Player Special, and L&B are various well-renowned international brands that offer the above-mentioned product categories. Apart from this, the company possesses 13 manufacturing sites across the globe and also produces and distributes beer, prepared foods, and packaging.

6. International Vapor Group

Established in 2012, International Vapor Group (IVG) is an industry-leading company that emphasizes on manufacturing, marketing, and distributing diverse consumer goods, including alternative smoking accessories and consumables with active components. They consist of Zig-Zag, Stoker, and New Gen Product segments. Amongst these segregations, Zig-Zag includes Stoker’s, Beech-nut, and Trophy vapes, whereas Strokers comprises Nu-XTM vaping items. Apart from this, Vapor Beast, VaporFi, and Direct Vapor are common distribution channels that are associated with NewGen product segments.

7. Nicotek LLC

Established in 2011, Nicotek LLC is an eminent electronic cigarette retailing company that specializes in electronic cigarettes, e-liquid, and vaporizer fabrications. Currently, the enterprise has been dissected into three sections, namely the photovoltaic, e-cigarette, and vape categories. In line with this, the company offers Metro 1.2 and e-hookah as some prominent product variants that are further commercially available in sheesha, martini, apricot, blueberry, and mountain mint flavors.

8. NJOY Inc.

Established in 2006, NJOY Inc. is a leading independent electronic nicotine device (ENDS) company that manufactures and supplies several vaping gadgets, e-cigarette kits, and salt PODs as a counterpart of combustible cigarettes. The company specializes in diverse technologies, e-liquids, and various other consumer items. At present, NJOY sells vape e-cigs, rechargeable e-cigarettes, dailies, disposable electronic cigarettes, and pre-filled tanks in diverse flavor profiles with compliant food and drug administration (FDA) standards.

9. Reynolds American Inc.

Established in 2004, Reynolds American Inc. is a wholly-owned affiliation of the BAT Group and the US parent company of R. J. Reynolds Tobacco Company (RJRT) that focuses on the manufacturing of several innovative tobacco-based products for adults. The brand currently encompasses Modoral Velo Nicotine, American Snuff, Santa Fe Tobacco, and RAI Innovations as some of the subsidiaries that conduct distinct diverse industrial operations. These branches offer lucky strike, pall mall, grizzly, camel blue, or snus frost, the natural American spirit, Velo as e-cigarette, and other smoke-free product variants.

10. Elf Bar

Established in 2019, ElfBar is a rapidly growing electronic cigarette brand that offers a wide range of disposable vapes, pods, and accessories. The company’s products are available in a variety of flavors, including fruit, menthol, tobacco, and more. ElfBar is known for its high-quality products that deliver a smooth and satisfying vaping experience. Some of the most popular products offered by the brand include the ElfBar Lux, ElfBar RF350, and ElfBar Tango.

In just a few years, ElfBar has gained significant market share in the electronic cigarette industry, thanks to its innovative products and marketing strategies. According to market data, the brand’s global market share has grown steadily, reaching 5% in 2022. ElfBar’s success can be attributed to its focus on customer satisfaction, with a commitment to delivering high-quality products that meet the needs of vapers around the world. Additionally, the brand has established a strong online presence, with a user-friendly website and active social media accounts, making it easy for customers to purchase and learn about ElfBar products. With continued investment in product development and marketing, ElfBar is poised to become a major player in the electronic cigarette industry in the years to come.

Conclusion

The global e-cigarette market is witnessing significant growth due to several factors, including increasing health concerns, growing awareness of the harmful effects of smoking, and the availability of cost-effective and customizable e-cigarette products. The market is dominated by a few key players, including Philip Morris International, Altria Group, British American Tobacco, and Japan Tobacco Inc. These companies offer a variety of e-cigarette products, including heated tobacco, rechargeable and disposable e-cigarettes, and do-it-yourself e-liquids.

Smaller companies, such as International Vapor Group, Nicotek LLC, NJOY Inc., and ElfBar, are also making a mark in the industry with their innovative products and growing market share. With the increasing popularity of e-cigarettes and the ongoing shift towards online retail channels, the global e-cigarette market is expected to continue its growth trajectory in the coming years.

As a consumer, it is essential to be aware of the various e-cigarette brands and their products to make an informed decision when choosing an e-cigarette. It is also crucial to consider the potential health risks associated with e-cigarette use and to follow best practices, such as avoiding underage use, purchasing from reputable sources, and adhering to product safety guidelines.