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| Report Attribute | Details |
|---|---|
| Market size value in 2022 | USD 22.46 billion |
| Revenue forecast in 2030 | USD 182.84 billion |
| Growth rate | CAGR of 30.0% from 2022 to 2030 |
What is the best vaping product?
Why Do You Choose Freemax Onnix 2 15W Kit As Your First Vape Now?
- Compact Size The Freemax Onnix 2 is bundled in a stretched shape made of lightweight aluminum amalgam with a flimsy profile and adjusted edges. ...
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- Newest Features
What is the future of the vaping industry?
The global e-cigarette and vape market size was valued at USD 15.04 billion in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 28.1% from 2021 to 2028. The growing emphasis on adopting safer alternatives to smoking is anticipated to drive the adoption of e-cigarettes and vape devices over the forecast period.
What are facts about vaping?
Vaping is addictive. Vapes contain nicotine, an addictive chemical that is extremely hard to quit. Nicotine is the same drug used in cigarettes, cigars, and other tobacco products. Some vape pods have as much nicotine as 20 cigarettes (a pack of cigarettes). Because your brain is still developing until your mid-20s, you’re more likely to ...
What are the disadvantages of vaping?
When that student brings the vape to class, they turn into a dealer of sorts and begin selling and trading with other students. That’s led to growing concerns among parents and school leaders.
Why do people vape?
How much is Juul worth?
Is vaping better than smoking?
Is vaping a profitable business?
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 market share by brand U.S. 2020 | Statista
Juul accounted for 63 percent of all U.S. 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.
E-Cigarette Market Report, Share, Size and Forecast 2022-2027 - IMARC Group
The global E-Cigarette Market reached a value of US$ 20.4 Billion in 2021. The market is to reach US$ 30 Billion by 2027, exhibiting at a CAGR of 4.5% during 2022-2027.
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 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 ...
Is there a ban on mint flavor e-cigarettes?
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.
Why is the vaporizer industry so fast growing?
This openness to product evolution is one of the reasons the industry has grown so quickly and vaporizers have evolved into more complex devices in such a short time.
When was vaping invented?
The technology behind vaping traces itself to the first electronic cigarette developed by Herbert Gilbert, which he patented in 1963. Despite being developed in the 1960s, electronic cigarettes did not become a publicly-sold product until 2003.
Why are vape pens so popular?
The reason for this is that pens are refillable and can make use of the multitude of e-liquids on the market. This allows for a totally customizable user experience.
What are the features of a vape?
Features include temperature controls, regulated charging, and improved safety features such as short-circuit protection. Coils and Tanks: the evolution of vaping hardware would not be complete without mentioning coils and tanks. They are highly customizable, allowing vapers to further modify their user experience.
How much is vaping worth in 2025?
Currently, the market is predicted to reach a total value of $50 billion by the year 2025.
What is the first generation of vape?
The First Generation: early generation products resemble cigarettes in appearance and are far simpler, when compared to current offerings. The cig-a-likes are easy to use and maintain and many are composed of only a battery and cartomizer. As simple products, many are disposable while others take refills. While no longer as popular as they once were, first-generation vaporizers played a valuable role in helping people transition from traditional tobacco products and introduced many non-smokers to vaping.
What are the current design trends?
Technology: current design trends point to a further increase in hardware efficiency and overall modification ability. MODs themselves will likely become smaller in overall size, more efficient, more user-friendly, safer, and easier to modify to fit user needs and desires.
What companies make vapes?
Two notable vape companies included in the report were KangerTech Technology Co., Ltd and IVPS Technology Co. , Ltd. KangerTech is by now a well-known name in the vaping community. It not only releases e-cigarettes under the KangerTech brand name but also under several other names. IVPS is the parent company of the hugely successful SMOK brand of e-cigarettes that sells a wide range of vaping products worldwide.
What are the factors that drive the growth of the e-cigarette market?
Two factors driving the growth of the US e-cigarette market are, according to the report, the popularity of the devices (as well as the waning popularity of combustible cigarettes), along with the heightened interest from younger consumers. Youth interest in vaping has become a minefield for the industry, though. Anti-smoking and anti-vaping groups continue to accuse the industry of marketing to minors and driving up the rates of teens vaping in America.
How much is the e-cigarette market worth in 2028?
The analysis claims that the size of the US e-cigarette market is expected to reach $40.25 billion by 2028. That figure is expected to go even higher, as the analysis predicts revenues to reach $60 billion by 2025.
Where is SMOK based?
t also took into account many different types of companies from large, multinational conglomerates like Altria and Philip Morris International (PMI) to more vape-specific companies like KangerTech and the parent company of SMOK, IVPS Technology, both based in Shenzhen, China.
Is the e-cigarette industry growing?
The e-cigarette industry has always been projected to grow. This growth has even been confirmed by research from the CDC. Its data showed that e-cigarette sales in the US from 2016 to 2019 increase by almost 300%. Smoking rates have been steadily decreasing for many years now, and people are increasingly turning to vaping rather than smoking.
Is the US market the most valuable?
The report concedes that the US market is the most valuable and potentially the most profitable for all the companies involved. One limitation to growth is the tax regulations that are popping up in disparate states across the US. There is no blanket national tax rate, so companies must contend with the tax regimes set up by individual states to do business.
Will the e-cigarette market grow?
The market report said that the e-cigarette market would continue to grow, but some sectors would see more growth than others. Specifically, the demand for customizable and refillable vaping devices, which are more potent than typical disposable or pen-style devices, was expected to grow more than any other sector.
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 Vaping?
Vaping products consist of small devices that are replenished with liquid. The same liquid is heated in the device and creates an aerosol, or vapor, hence the name. These products have various names, from steam to electronic cigarettes. They come in different shapes and tastes, which is why the number of users of these products increases every day.
Vaping Statistics: A Little Bit of History
Cigarettes have always been peoples’ favorite pastime. While some were mere users of tobacco smoke, others became addicted to nicotine and its impact on their bodies. However, history shows that people have been looking for an alternative to tobacco products for decades.
Vaping Demographic Stats
Vaping is a relatively new term, but it has quickly taken hold of people of all ages. Some found an alternative to smoking in electronic cigarettes, while others were just looking for a leisurely pastime.
Vaping Market Size Stats
The popularity of vaping products is growing. Consequently, e-liquids are slowly replacing classic tobacco products. Manufacturers of vaping products are increasingly advertising their products. In addition, you’ll find various studies claiming that e-liquids are basically healthier than tobacco.
Other Interesting Vaping Statistics
According to a study conducted in 2020, slightly more than half of the vapers (53%) prefer to use one device. Also, the same paper included testing on people using multiple devices. As many as 43% of correspondents stated they use several devices to switch between flavors.
Conclusion
Vaping has become particularly trendy over the past couple of years. People typically associate it with a way to quit smoking cigarettes. Depending on the source, you’ll get different feedback regarding e-liquids and their harmfulness/positive effects on the human body.
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.
