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Highlights
- The global electronic cigarette market is forecasted to have a market size of US$ 26.839 billion by 2023, at a CAGR of 17.4 per cent from 2017 to 2023.
- Imperial Brands is expected to make a 3rd interim dividend pay-out later this mont
The tobacco alternative segment is expected to witness significant growth in the coming years.
The global electronic cigarette market is forecasted to have a market size of US$ 26.839 billion by 2023, increasing by 17.4 per cent on a compound annual growth rate (CAGR) basis between 2017 to 2023, according to the latest report from research firm Allied Analytics.
The global market size was just one-third at around US$ 8.610 billion in 2016, of which the modular product type of e-cigarettes accounted for over 50 per cent of the share.
The modular product type is likely to maintain its majority share during the projected period out of the three types of e-cigarettes currently available. The other types other than modular includes rechargeable and disposable e-cigarettes.
Another research from market research firm Reportlinker.com projects the global tobacco market to reach US$ 908.29 billion by 2026, increasing at a rate of 3.78 per cent between 2022 to 2026.
Let us explore the investment prospects of an FTSE 100 index listed stock Imperial Brands:
- Imperial Brands PLC’s (LON: IMB)
The tobacco major, in its full-year results for the year ended on 30 September 2021, reported a revenue increase of 0.7 per cent to £32.79 billion, from £32.56 billion in FY 2020.
Its reported operating profit reached £3.14 billion, up by 15.2 per cent from £2.73 billion in the previous year. The company is expected to make a 3rd interim dividend pay-out later this month.
Image source: Refinitiv
Imperial Brands’ shares were trading at GBX 1,589.50, up by 0.47 per cent on 8 December at 12:41 hrs BST, while the FTSE 100 index was at 7,349.55, up by 0.13 per cent.
Related Read: Imperial Brands (IMB) shares: Should you buy before it goes ex-dividend?
The company’s market cap stands at £14,972.18 million as of 8 December. Its year-to-date return was at 3.49 per cent, and its one-year return stands at 4.72 per cent as of Wednesday.
