What is the e-cigarette & vape market size?
The U.S. e-cigarette & vape market size was valued at USD 6.09 billion in 2020. It is expected to expand at a compound annual growth rate (CAGR) of 27.3% from 2021 to 2028. The market growth can be attributed to the increasing awareness of safer tobacco alternatives.
How many people vape in the US?
It’s estimated that the number of adults who vape will reach nearly 55 million by 2021. Meanwhile, the United States is the biggest market, followed by the UK and France. Vapers in the three countries spent more than $10bn on smokeless tobacco and vaping products in 2018.
Which countries are leading the global vape market?
Meanwhile, the United States is the biggest market, followed by the UK and France. Vapers in the three countries spent more than $10bn on smokeless tobacco and vaping products in 2018.
What is driving the growth of the e-cigarettes and vaping industry?
Also, the vaping industry has formed various associations to counter the policies against vaping products and regularize the industry for supervision, eventually driving the growth of the market for e-cigarettes and vaping. The rechargeable segment accounted for the highest market share of over 40% in 2021.
How many vapers will be there in 2021?
Do e-cigarettes have societal concerns?
Is vaping safer than smoking?
Is regulation important in vaping?
Is vaping banned in 2020?
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How much money is the vape industry worth?
The global e-cigarette & vape market size was estimated at USD 18.13 billion in 2021 and is expected to reach USD 22.45 billion in 2022....Report AttributeDetailsMarket size value in 2022USD 22.46 billionRevenue forecast in 2030USD 182.84 billionGrowth rateCAGR of 30.0% from 2022 to 203011 more rows
How much money is spent on vaping a year?
Use of electronic cigarettes costs the United States $15 billion annually in health care expenditures – more than $2,000 per person a year – according to a study by researchers at the UC San Francisco School of Nursing.
How fast is the vape industry growing?
“According to the latest research study, the demand of global E-Cigarette Market size & share in terms of revenue was worth of USD 17,429.5 million in 2021 and it is expected to surpass around USD 42,906.36 million mark, by 2028, growing at a compound annual growth rate (CAGR) of about 16.20% during the forecast period ...
How much is the UK vaping industry worth?
In 2021, the e-cigarette market in the United Kingdom generated a revenue of an estimated 3.4 billion U.S. dollars.
Which is more expensive vape or cigarette?
The quick and simple answer is that vaping can save you an estimated 92% if you smoke a pack per day. But there will be many factors that can change this estimate.
What age group vapes the most?
Teens and young adults. Gallup says that 20% of people age 18 to 29 vape, compared to 9% of people age 30 to 49, 7% of people age 50 to 64, and less than 0.5% of people older than 65. And, according to the Truth Initiative, 15- to 17-year-olds are 16 times more likely to vape than 25- to 34-year-olds.
Are vape shops profitable 2022?
The answer is simple – the demand is increasing alongside the number of businesses in the industry. Many of the shops are enjoying average success, while some get the biggest slice of the cake. The average revenue of a vape shop can go around $26,000 with top earners making $39.000 per month.
How big is the vaping market?
The U.S. e-cigarette & vape market size was estimated at USD 6.1 billion in 2020 and is expected to reach USD 7.4 billion in 2021....Report AttributeDetailsMarket size value in 2021USD 7.43 billionRevenue forecast in 2028USD 40.25 billionGrowth RateCAGR of 27.3% from 2021 to 2028Base year of estimation20209 more rows
What is the future of vape industry?
Receive the Sample Report of E-cigarette and Vape Market 2022 to 2030: The worldwide E-cigarette and Vape market is expected to grow at a booming CAGR of 2022-2030, rising from USD billion in 2021 to USD billion in 2030.
How many Vapes are sold a year UK?
The number of e-cigarette users grew from around 700,000 in 2012 to 3.6 million in 2019, falling to 3.2 million in 2020, before increasing again in 2021 to 3.6 million. (Table 1).
How big is the UK vape market?
E-cigarette Market Scope in UKReport CoverageDetailsMarket growth 2021-2025$ 1.20 billionMarket structureFragmentedYoY growth (%)12.209 more rows
What percentage of people vape in UK?
The data suggests 8.3% of adults in England, Wales and Scotland vape, up from 1.7% a decade ago, which equated to about 800,000 people. Action on Smoking and Health (Ash), which produced the report, said a “vaping revolution” had taken place over the past decade.
Are vape shops profitable 2022?
The answer is simple – the demand is increasing alongside the number of businesses in the industry. Many of the shops are enjoying average success, while some get the biggest slice of the cake. The average revenue of a vape shop can go around $26,000 with top earners making $39.000 per month.
What age can you buy a vape?
Part of the Food and Drug Administration's 2016 Deeming Rule was a federal ban on the sales of vapor products to those under age 18. By deeming the tobacco-free devices and e-liquids to be tobacco products, they automatically fell under the existing federal restriction on selling tobacco products to minors.
How much is the cost of vape?
Vape pens typically range in cost from about $15 to $80 for the unit. Cartridges tend to cost about $25 to more than $50 each, depending on the material inside and the market in your state.
Is vaping cheaper than smoking Canada?
Total costs Although these costs might seem like they can add up, vaping still tends to be much cheaper than smoking cigarettes.
How big is the e-cigarette and vape market?
The global e-cigarette & vape market size was estimated at USD 18.13 billion in 2021 and is expected to reach USD 22.45 billion in 2022. Read More
What is the e-cigarette and vape market growth?
The e-cigarette & vape market is expected to witness a compound annual growth rate of 30.0% from 2022 to 2030 to reach USD 182.84 billion by 2030....
Which device type led the e-cigarette and vape market?
The rechargeable segment in the e-cigarette & vape market accounted for the highest market share of over 40% in 2021. Read More
Which distribution channel dominated the e-cigarette and vape market?
The retail store segment accounted for the highest e-cigarette & vape market share of over 80% in 2021. Read More
Which region accounted for the largest e-cigarette and vape market share?
North America dominated the global e-cigarette & vape market with a share of over 40% in 2021. Read More
Who are the key companies/players in the e-cigarette and vape market?
Key players in the e-cigarette & vape market include Altria Group, Inc.; British American Tobacco; Imperial Brands; International Vapor Group; Japa...
20 Vaping Statistics & Facts to Learn in 2022 - Modern Gentlemen
Marija Kovachevska. Marija is a content writer, biochemist, and communications associate for several nonprofit organizations. After earning her bachelor’s, she worked as a scientific writer before engaging in the world of nonprofits—first as an English translator and an activist, and later, as head of communications.
List of vaping bans in the United States - Wikipedia
In August 2016, a World Health Organization (WHO) report recommended that e-cigarettes be banned in indoor areas or where smoking is prohibited. This is because of their potential for non-users to be exposed to chemicals and e-cigarette aerosol in indoor areas. Many local and state jurisdictions have recently begun enacting laws that prohibit e-cigarette usage everywhere that smoking is banned ...
What is the market for vaping in 2020?
North America dominated the global market with a share of over 40% in 2020. The extensive presence of major industry players such as R.J. Reynolds Vapor Company; Philip Morris International Inc.; and JUUL Labs, Inc. is anticipated to drive the regional market growth. Social media platforms are being used extensively for selling e-cigarettes and vaping products. The young population has largely adopted vaping devices as a safe alternative to tobacco, which, in turn, is estimated to boost the adoption of these products. However, the current ban on some e-cigarette flavors including fruit and mint flavors in the U.S. to restrict underage vaping in the country is expected to hamper the growth of the market in the region to a certain extent.
What is the market share of e-cigarettes in 2020?
The retail store segment accounted for the highest market share of over 80% in 2020. E-cigarettes were initially sold in retail outlets such as vape shops and gas stations. These stores helped users to choose from a wide variety of devices and e-liquids. Moreover, vape shops enabled users to try and test these devices before making ...
What is the purpose of Juul Labs marketing campaign?
embarked upon a marketing campaign in January 2019 to educate adult smokers about the ill effects associated with traditional combustible cigarettes and encouraged them to avoid the same and switch to e-cigarettes and vape devices. Such marketing initiatives are anticipated to drive market growth over the forecast period.
What are the flavors of e-cigarettes?
Additionally, various types of flavors such as menthol, tobacco, fruits and nuts, and chocolate are available in the market, which is attracting a large number of customers. These flavors emit aromas when used in an e-cigarette or a vape device. Additionally, the increasing cost-effectiveness of these devices has further enhanced customer adoption and is expected to drive market growth over the forecast period.
What is a Vype iSwitch Maxx?
For instance, in December 2018, British American Tobacco launched two new e-cigarettes called Vype iSwitch Maxx and Vype iSwitch in five of BAT’s VIP stores in London. These new products are powered by distiller plate technology to heat e-liquid.
What is the market share of rechargeable devices in 2020?
The rechargeable segment accounted for the highest market share of over 40% in 2020. The adoption of rechargeable devices is expected to increase as they tend to be affordable in the long run and eliminate the need to re-purchase supplies such as cartridges. Furthermore, customers making DIY e-liquids need not purchase pre-filled cartridges. Rechargeable devices can be used for a longer duration by switching the cartridges containing e-liquid. Moreover, seasoned vapers particularly find it economical to purchase rechargeable e-cigarettes and vapes, which is expected to increase their adoption.
Where are e-cigarettes imported from?
Given that most of the e-cigarettes are imported from other countries such as China, customers find it convenient to purchase e-cigarettes in bulk quantities via online platforms, which is anticipated to drive the Asia Pacific regional market growth. The Europe market is anticipated to register considerable growth over the forecast period. The health bodies in the region are providing acceptance to e-cigarette and vape from vendors such as British American Tobacco Plc’s Vype and Imperial Brands Plc’s Blu in the region as it is a better alternative to tobacco smoking is anticipated to drive the market growth in Europe.
Why are vape mods and e-cigarettes so popular?
E-cigarettes and vape mods usage are rapidly increasing because these devices don’t include any tobacco. Most of the U.S. population is considering these devices as a gateway for quitting smoking. Some of the population is shifting to an e-cigarette and vape mod as an alternative to smoking.
What is electronic vape?
Electronic cigarettes and vape mods, which are an alternative to tobacco products, have been gaining popularity . These sophisticated mechanical devices are designed to deliver the same addictive nicotine, which is in tobacco cigarettes, without the harmful effects of tobacco smoke.
What is the vape mod segment?
The vape mod segment dominated the market and accounted for more than a 51.0% share of the global revenue in 2020. Increasing demand for customized mods is expected to propel the segment growth over the forecast period. With these mods, customers can automatically control temperature levels. With this flexibility, users can control things, such as temperature, power, as well as vapor production.
Is vaping safer than smoking?
Numerous studies conducted by medical association states that e-cigarettes and vape mods are safer than traditional cigarettes. Also, the market growth is being characterized by the increasing awareness among the young population. Moreover, vendors' focus on customizing options as well as continuous development in the new products is expected to fuel the market growth over the forecast period. Furthermore, the cost-efficiency of these devices has also increased customer acceptance.
How much money did cigarettes make in 2019?
The top product generated sales of over 12 billion U.S. dollars that year. Cigar dollar sales, by comparison, amounted to some 400 million U.S. dollars.
What is the market share of Juul in 2020?
Vaping market share in the United States in 2020, by brand. Published by Jan Conway , Sep 18, 2020. Juul accounted for 63 percent of all U.S. nicotine vaping sales in 2020, making it the largest nicotine vaping brand in the United States by far. Accounting for about a quarter of that year's dollar sales, Vuse stood in second place.
Who owns Marlboro tobacco?
Marlboro, one of the leading tobacco companies, is owned by Philip Morris International, which made roughly 30 billion U.S. dollars of net sales one year earlier.
How much is the vaping market worth?
The global e-cigarettes (vaping) market was valued at about $14.05 billion in 2018 and is expected to grow to $29.39 billion at a CAGR of more than 20% through 2022.
Why is the demand for e-cigarettes increasing?
As more users become aware of the ill effects of tobacco smoking and are introduced to new and safer smoking devices , the demand for e-cigarettes is increasing.
What is an atomizer coil?
An atomizer in an e-cigarette or vaping device is used to vaporize the e-liquid. Many manufacturers have developed atomizers that use nickel and titanium wires that can be coupled with high-wattage. The use of nickel and titanium wires produces thicker and dense smoke, and the higher electrical and thermal conductivities of the wires make the coil last longer. Nickel and titanium are also being coupled with other alloys to improve vaping experience. For example, the Vape Mesh Company, a new venture of The Mesh Company, is offering atomizers equipped with titanium grade 1 wire and nickel chrome heat resistance wires that provide high corrosion resistance.
Why are e-cigarettes so popular?
Growing awareness about the alternatives to tobacco smoking is driving the market for e-cigarettes. Smoking tobacco is addictive and is a major cause of diseases such as lung and liver cancer, heart disease. E-cigarettes act as a replacement to traditional cigarettes and use non-nicotine solutions to generate smoke. As more users become aware of the ill effects of tobacco smoking and are introduced to new and safer smoking devices, the demand for e-cigarettes is increasing. For example, according to a survey conducted by the US Department of Health and Human Services in 2016, there were twice as many teenagers using vape & e-cigarettes as compared to teenagers who were consuming regular cigarettes.
How much nicotine is in e-liquid?
According to the law, e-liquid manufacturers must limit nicotine content to below 20mg/ml. Also, manufacturers are required to submit all the key product information to concerned authorities in the EU Member States.
How many industry reports does Business Research Company have?
The Business Research Company has published over 300 industry reports, covering over 2400 market segments and 56 geographies. The reports draw on 150,000 datasets, extensive secondary research, and exclusive insights from interviews with industry leaders.
What are the side effects of using an e-cigarette?
The side effects of using e-cigarettes include nausea, vomiting, abdominal pain, itchiness, dry eyes, cough and nosebleeds. Some of the side effects are caused due to the body's resistance to accept vapor and may take a few days to disappear. These side effects are discouraging the use of e-cigarettes, thus affecting growth of the market.
Who is the medical director of Nicovape?
While medical director of Nicovape Dr. Atila Danko, thinks that lawmakers will realise that some form of sensible regulation is more ideal than prohibition. “Slowly but surely more people in Government and Public Health will see that some sort of regulated, legal access for consumers has to be allowed to reduce the problems of the black market .”
Is E-Cig Intelligence a positive company?
Unsurprisingly, E-Cig Intelligence Director Tim Phillips, thinks that the coming year will be not be a positive one. “Beyond 2020, I am still optimistic about this sector. The long term prospects are good… but I’m afraid I don’t have much optimism for next year, it’s going to be pretty tough.”
Is the vape ban in India counterproductive?
Talking about the senseless vape ban recently implemented in India, Director of the Association of Vapers India (AVI) Samrat Chowdhery, said that this measure will prove counterproductive. “ [An Indian vape] ban will create a black market for these products even as the current vendors exit or move to the Middle East.”
How much money did vapers spend on vaping in 2018?
Vapers in the three countries spent more than $10bn (£8bn) on smokeless tobacco and vaping products in 2018. The White House recently announced that the Food and Drug Administration (FDA) would finalise a plan to stop the sale of all non-tobacco flavours in the world's biggest vaping market.
How many vapers will be there in 2021?
Market research group Euromonitor estimates that the number of adults who vape will reach almost 55 million by 2021. 2. Spending on e-cigarettes is growing. The e-cigarette market is expanding, as the number of vapers rises.
What is an open system e-cigarette?
There are two main types of e-cigarette - open and closed system, also known as open and closed tank. In an open system, the liquid that is vapourised can be refilled manually by the user. There is also a removable mouthpiece.
What are the health risks of vaping?
The World Health Organization has also previously cited several health concerns associated with vaping, pointing out that: 1 The long-term effects are unknown 2 Nicotine in the liquid that is vapourised in an e-cigarette is addictive 3 Users replacing the liquid in refillable e-cigarettes might spill the product on their skin, possibly leading to nicotine poisoning 4 Some sweeter flavours of e-cigarettes are irritants, potentially causing inflammation of the airways
How many smokers are there in the world?
According to the World Health Organization, there has been a small but steady decrease in the estimated number of smokers globally, to just over one billion.
Which state banned e-cigarettes?
In the US, Michigan has become the first state to ban flavoured e-cigarettes, following the reports of deaths and lung illness. Those affected had an average age of 19.
Is the e-cigarette market expanding?
The e-cigarette market is expanding, as the number of vapers rises.
How many vapers will be there in 2021?
It’s estimated that the number of adults who vape will reach nearly 55 million by 2021. Meanwhile, the United States is the biggest market, followed by the UK and France.
Do e-cigarettes have societal concerns?
Ultimately, e-cigarette manufacturers that ensure societal concerns are kept in mind as they bring cutting-edge products to market will remain at the forefront in years to come. This will involve a self-regulating “lead-by-example” shift in the way new products are manufactured and marketed.
Is vaping safer than smoking?
In March 2020, England’s leading health agency released its annual report on vaping, which argues that vaping nicotine is indeed a safer alternative to smoking.
Is regulation important in vaping?
On the one hand, regulation can be critically important to our well-being. On the other hand, regulatory actions often come at a cost that exceeds the benefit, and at times can prove counterproductive. The U.S. vaping industry performance will be conservatively optimistic in the short-term.
Is vaping banned in 2020?
In September 2019, the Trump administration said it would ban the sale of most flavored e-cigarettes, amid the continued rise of teenage vaping and alleged vape-related illness concerns. In January 2020, the U.S. has announced a countrywide ban on some e-cigarette flavors –– specifically mint and fruit flavors offered in cartridge-based ...
