How big is the global e-cigarette (vaping) market?
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. Read More On The Business Research Company's E-Cigarette (Vaping) Market Report:
What is the future of the vaping industry?
With an increasing shift away from conventional cigarettes towards tobacco alternatives, the vaping industry is projected to have a compound annual growth rate of 19.6% between 2018 and 2023. The result will mean a global projected market value of $45bn USD. But where is the growth coming from?
Who vapes in the US and UK?
Vaping statistics vary by country due to the policies and controls in place by the various governments. The graphs show clearly that in the US most vapers are young people whereas in the UK it is mainly middle aged people who use electronic cigarettes.
Why do so many people vape?
The reason many consumers enjoy vaping is it offers a similar experience of inhaling and exhaling to get a nicotine fix. They’re also more aware of the ingredients and chemicals in both vaping and smoking.
What is vaping product?
How many people use vaping in 2020?
How much nicotine do 16 year olds use?
How much vaping is there in 2020?
When will England go smoke free?
When was the last vaping evidence report published?
When will the UK review tobacco and related products?
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About this website
How big is the vaping market in UK?
U.K. E-Cigarette Market Overview The U.K. e-cigarette market was valued at $2.0 billion in 2018, and is projected to exhibit a CAGR of 19.6%, during the forecast period.
How much is the vaping 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 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 popular is vaping in the UK?
vaping prevalence in England in 2021 was between 6.9% and 7.1%, depending on the survey, which equates to between 3.1 and 3.2 million adults who vape. vaping prevalence among adults who have never smoked remained very low, at between 0.6% and 0.7% in 2021.
How large is the vaping market?
Market Overview The e-cigarette market valued USD 23.6 billion in 2021, and is projected to record a CAGR of 13.39% during the forecast period (2022-2027). Regular smoking is linked to a number of severe diseases.
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 percentage of UK people vape?
Vaping has risen rapidly over the past decade to reach record levels in Great Britain with an estimated 4.3 million people who are regular vapers, according to a report. 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.
What age group vapes the most UK?
But the number using electronic cigarettes was at a record high. In 2021, 9% of school pupils had ever vaped – the highest figure on record, up from 6% in 2018. Girls aged 15 were the most likely to do so; while more than a fifth said they were a current e-cigarette user, 12% said they regularly used e-cigarettes.
How many Vapers are there in the UK in 2022?
This equated to about 3.1 to 3.2 million vapers. In 2022, based on ASH -A data, adult vaping prevalence in England was 8.3%.
Do more boys or girls vape?
The prevalence of e-cigarette use among male adolescents is consistently higher than among females [18]. This includes Global Youth Tobacco Survey data from Latin American countries, except in Chile (9.9% males and 13.7% female), where both smoking and e-cigarettes is higher among females [19].
Is vaping worse than smoking UK?
In recent years, e-cigarettes have become a very popular stop smoking aid in the UK. Also known as vapes or e-cigs, they're far less harmful than cigarettes, and can help you quit smoking for good.
Do more males or females vape?
Abstract. Little is known about why males are more likely to use electronic cigarettes (ECs) compared with females. This study examined gender differences in reasons for vaping and characteristics of EC used (device type, device capacity, e-liquid nicotine strength, and flavor).
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 much profit do vape shops make?
An average vape shop reports around $26,000 in monthly sales or an annual profit of around $120,000. The truly successful ones get a much bigger piece of the cake. That being said, vape shops can be really profitable as long as they are managed properly.
How much do people spend on vapes a year?
Researchers at the University of California-San Francisco School of Nursing found the consequences of vaping add up to approximately $15 billion annually nationwide. The study pegs individual costs at $2,024 each year – even greater than estimated health care costs attributed to cigar and smokeless tobacco use.
How big is the disposable vape industry?
The global disposable e-cigarettes market size was valued at USD 5.7 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 11.2% from 2022 to 2030.
Aim of the report
This is the seventh report in a series of independent reports commissioned by Public Health England (PHE) to summarise evidence on vaping products...
Methods
The report uses 2 surveys for information on vaping and smoking among young people in England: The Action on Smoking and Health Smokefree Great Bri...
Vaping among young people
Main findingsData reported in this chapter were collected in September 2019 (from the ITC Youth survey) and in March 2020 (from the ASH-Youth surve...
Vaping among adults
Main findingsData reported in this chapter came from 4 different surveys. Most data were from the STS, collected between January and October 2020,...
Effect of vaping on smoking cessation and reduction
Main findingsThe following are the main findings from nationally representative survey data (STS). Using a vaping product is the most popular aid u...
Authors and citation
Suggested citationMcNeill, A., Brose, L.S., Calder, R., Simonavicius, E. and Robson, D. (2021). Vaping in England: An evidence update including vap...
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...
Vaping in England: evidence update February 2021 - GOV.UK
In the government’s Tobacco Control Plan for England, Public Health England (PHE) was asked to update its 2015 review of e-cigarettes and other novel nicotine delivery systems every year until ...
Vaping in England: 2020 evidence update summary - GOV.UK
1. Aim of the report. This is the sixth report in a series of independent reports commissioned by Public Health England (PHE) to summarise evidence on e-cigarettes to inform policies and ...
Is vaping safe? | BHF - British Heart Foundation
Is vaping safe? 15 November 2019. E-cigarettes are everywhere and they’re rarely out of the news. Lucy Trevallion looks at the pros and cons of vaping.
Is vaping harmful? | Cancer Research UK
Research so far shows that e-cigarettes are far less harmful than smoking. But they are not risk-free because we don’t yet know their long-term effects.
Trust lung expert warns about potential dangers of vaping
This year’s theme for Black History Month is ‘Time for change: action not words’. Carol Pryce, head of nurse recruitment and co-chair of our multicultural staff network, tells us what Black History Month means to her, how to be a better ally in tackling racism with actions not words, and the importance of highlighting the influence of Black communities in shaping the NHS.
Why do people vape in the UK?
The most common reason for vaping in the UK is as an aid to quitting smoking (30%) 26. 77% of vapers use tanks rather than cartridge / JUUL 26. In 2020, e-cigarette use declined for the first time year on year 26. The most popular flavour vape juice is fruit (in 2015 it was tobacco) 3.
How popular is vaping?
Global vaping or e-cigarette use and sales have risen dramatically since 2011 1.
How many cigarettes are in a Juul pod?
The nicotine content of one JUUL pod is equivalent to one pack of cigarettes 6.
Why is vaping addictive?
Vaping is therefore addictive due to nicotine just like cigarettes. Given that addicts are capable of increasing the dose of nicotine content – it is likely to be even more so.
How many deaths from e-cigarette vaping in 2020?
As of 18 February 2020 there were almost 3,000 hospitalised cases or deaths due to EVALI in US 23 most of whom were under 35 years old.
How many chemicals are in vape juice?
A few quick facts. Vape liquid or juice contains up to 80 chemicals including nicotine, cancer-causing chemicals and toxic heavy metals such as nickel, tin and lead 7. In US more young people than adults vape 7 – Read more teen vaping statistics and facts.
Why do vaping statistics vary by country?
Vaping statistics vary by country due to the policies and controls in place by the various governments.
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.
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.
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.
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 ...
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 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.
Why do e-cigarettes have side effects?
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.
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 the UK vaping industry?
The UK Vaping Industry Association (UKVIA) is the #1 trade association for the vaping sector supporting, developing and promoting the £1bn vaping industry, the UK’s largest growing consumer goods sector.
What is UKVIA?
Join the UKVIA, the largest industry trade body representing the interests of the fast-growing vaping sector in the UK. There are a number of membership packages to suit the different business requirements and budgets of vaping companies, suppliers and service providers.
Is Vapo a UKVIA member?
"Vapo is proud to become a member of the UKVIA. As a New Zealand founded business entering the UK market, the insights into the industry, regulations and the connections we've made have been crucial to us as a business. As Australasia looks to implement its own regulations, our UKVIA board and standards committee membership has enabled Vapo to be at the forefront of these discussions with local government, health bodies and associations."
Why do people vape?
The reason many consumers enjoy vaping is it offers a similar experience of inhaling and exhaling to get a nicotine fix. They’re also more aware of the ingredients and chemicals in both vaping and smoking. With e-liquids containing only four ingredients, including nicotine, there are significantly less than the 4000+ in cigarettes, many of which are carcinogenic. They’re also more receptive to the options vaping carries including different devices and flavours.
How much is Juul worth?
Juul alone is worth an estimated $16bn and currently carries just one device with the corresponding pods. There are thousands of manufacturers the world over catering to the increased demand for device type and e-liquid flavours.
Is vaping better than smoking?
The success rate of quitting with more conventional methods like patches or gum is significantly lower than that of vaping. A quit attempt with vaping has a 30% success rate, significantly higher than the 4-5% success rate when utilising other methods.
Is vaping a profitable business?
Vaping is a profitable business in western countries. The main reason for gaining popularity is the presence of different types of flavours. In Australia, nicotine is prohibited and non-nicotine vapes are available. This is an additional advantage of using vapes in this country. I want to start an online vapor shop in Sydney. With the help of wholesale vapor suppliers I am able to get the main ingredients for vapor liquids. From your article, I came to know about the point on how to enhance the quality of the product and how to increase the public interest in vaping.
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.
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 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.
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.
What is the market size of e-cigarettes?
The global e-cigarette and vape market size is expected to reach USD 104.51 billion by 2028, registering a CAGR of 28.1% from 2021 to 2028, according to a new study by Grand View Research, Inc.
Which country has the most revenue in 2020?
North America accounted for the highest market share in terms of revenue in 2020 owing to the extensive presence of prominent players such as Altria Group, Inc. and Philip Morris International Inc., which hold a significant share of the North American market.
Is vaping safe to smoke?
The rising awareness about consuming smokeless, safe, and ashless tobacco is anticipated to drive market growth. Furthermore, there is an increasing awareness about vaping being an effective method to quit traditional smoking, as it is less toxic and creates vapors instead of smoke.
Do e-cigarettes attract criticism?
However, e-cigarettes are often associated with conventional cigarettes and hence, tend to attract criticism, a factor expected to restrain the market growth. Market participants in the e-cigarette industry are prominent players in the market that own a significant market share.
Is vape shop open during lockdown?
However, vape shops remained open and were functional during the lockdown in countries such as Italy.
What is vaping product?
The term ‘vaping products’ describes e-cigarettes and refill containers and e-liquids.
How many people use vaping in 2020?
Using a vaping product is the most popular aid used by people trying to quit smoking. In 2020, 27.2% of people used a vaping product in a quit attempt in the previous 12 months. This compares with 15.5% who used NRT over the counter or on prescription (2.7%), and 4.4% who used varenicline.
How much nicotine do 16 year olds use?
The most common nicotine strength used by 16 to 19 year olds who had vaped in the past 30 days was under 20 milligrams per millilitre (mg/mL) (54.0%). One-fifth (19.6%) of participants did not know the strength of their vaping liquid, 18.0% used a strength of 20mg/mL or over, and 6.6% used 40mg/mL or over.
How much vaping is there in 2020?
little change in levels of vaping over the last few years with current vaping (at least once per month) prevalence being 4.8% in March 2020, the same as in March 2019
When will England go smoke free?
A government consultation in 2019 outlined a new ambition to go smokefree in England by 2030. It also included an ultimatum to industry to make smoked tobacco obsolete by 2030, with smokers quitting or moving to reduced risk nicotine delivery systems, such as vaping products.
When was the last vaping evidence report published?
This report covers the latest evidence on prevalence and characteristics of vaping in young people and adults in England, with a particular focus on data emerging since the last vaping evidence report published in early 2020.
When will the UK review tobacco and related products?
The UK government has committed to review the Tobacco and Related Products Regulations ( TRPR) (which govern nicotine vaping products) by 20 May 2021, to assess whether the regulations have met their objectives.
