Turkey Electronic Cigarette Market Outlook

The future of turkey’s electronic-cigarette market looks bright. in recent years, the number of users of the product has grown steadily. between 2017 and 2018, the market size for electronic cigarettes in the country grew from $240 million to $345 million. this growth is expected to continue through 2022, reaching an estimated market size of $534 million. the development of the electronic cigarette industry in turkey is being driven by several powerful factors. first of all, cigarette prices in the country have been steadily rising due to increased taxation measures. this has led to an increasing number of people turning to electronic cigarettes as a less expensive alternative. secondly, there is a general trend towards healthier lifestyles, as well as increased awareness of the risks associated with smoking. this shift is helping to drive demand for electronic cigarettes. the government of turkey is also providing incentives for the electronic cigarette industry to thrive. in 2018, the country announced a new tax reduction for electronic cigarettes that will open up new opportunities for companies involved in the industry. moreover, the government has established a task force to regulate the sale and manufacture of the product, and to ensure its safety. this has been complemented by the government’s efforts to introduce comprehensive health warnings and regulations on e-cigarette packaging. this is expected to help encourage further growth in the industry. coupled with turkey’s increasingly open attitude towards investment, the electronic-cigarette market in the country is well-poised to expand in the coming years. finally, manufacturers of the product in turkey are taking steps to improve the quality and range of products available. this includes experimenting with new flavours and devices in order to appeal to different consumer segments. this, in turn, will help to drive demand for the product through to 2032. in conclusion, the electronic cigarette market in turkey has a bright and promising future. the country’s supportive regulatory environment, coupled with its cultural shift towards healthier lifestyles, is driving an increasing number of people to switch to e-cigarettes. this, together with improvements in product quality, is likely to ensure sustained growth in the industry over the next decade and beyond.