Land of opportunity: Latin America

Calumet Advisors, a strategic consulting group dedicated to smoking alternatives and the vaping segment, has published a new white paper that explores market entry challenges and opportunities for e-cigarette business in Latin America. The white paper is intended for companies and entrepreneurs interested in exploring the market potential in that region.

Titled Challenges and Potential for Success on the Latin American e-Cigarette Market, the paper analyzes the relevant socio-demographic trends, economic factors, tobacco and e-cigarette regulation, as well as the current vape market landscape in a sample of 10 countries across Latin America. The list includes Aruba, Chile, Costa Rica, Cuba, Dominican Republic, Ecuador, Paraguay, Peru, Puerto Rico and Uruguay.

“With the onset of the FDA Deeming Rule just about everyone in the industry will be forced to reconsider their business models,” said Givi Topchishvili, president of the 9.8 Group and a co-founder of Calumet Advisors. “Exploring new markets is one of the paths, with Latin America still being generally underexplored by the the business part of the smoking alternatives community.”

Data in this report is based on extensive market intelligence, interviews with industry and regional experts, as well as exhaustive study and analysis of data from multiple open sources.

“Based on our analysis, we divided the studied countries into three groups in terms of their favorability for the e-cig commerce from most to least favorable,” said Dmitry Churakov, CEO of Wingle Group and a co-founder of Calumet Advisors. “The good news is, we were able to identify opportunities even in the least favorable group, and so will many entrepreneurs seeking new markets.”

The white paper is available today via MarketResearch.com.