What is the global e-cigarette and vape market size?
The global e-cigarette and vape market size was valued at USD 18.13 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 30.0% from 2022 to 2030.
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.
What are the challenges to the growth of the vaping market?
Stringent government regulations in the U.S. are expected to hamper the market growth. Both the U.S. Centers for Disease Control and Prevention and the U.S. Food and Drug Administration are working continuously to investigate the distressing incidents of severe breathing illness associated with the usage of vaping products.
How are modular vape devices trending in North America?
Various vaping events, such as vape conventions and competitions, are organized regularly in North America, thereby stimulating the demand for modular devices in the region. The retail store segment accounted for the highest market share of over 84% in 2021. Earlier, e-cigarettes were sold in retail outlets such as vape shops and gas stations.
How much money did cigarettes make in 2019?
What is the market share of Juul in 2020?
Who owns Marlboro tobacco?
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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...
What is the projected market size & growth rate of the E-Cigarette and Vaping Market?
E-Cigarette and Vaping Market was valued at USD 10.02 Billion in 2020 and is projected to reach USD 73.96 Billion by 2028, growing at a CAGR of 27....
What are the key driving factors for the growth of the E-Cigarette and Vaping Market?
The market is expected to gain traction over the forecast period, owing to increasing product demand from millennials. The availability of a variat...
What are the top players operating in theE-Cigarette and Vaping Market?
The Major players are Altria group Inc., British American Tobacco, Imperial Brands, Japan Tobacco International, NicQuid, JUUL Labs Inc., Philip Mo...
What segments are covered in the E-Cigarette and Vaping Market report?
The Global E-Cigarette and Vaping Market are segmented on the basis of Product, Distribution Channel, Battery Mode, and Geography. Read More..
How can I get a sample reports/company profiles for the E-Cigarette and Vaping Market?
The sample report for E-Cigarette and Vaping Market can be obtained on demand from the website. Also, the 24*7 chat support & direct call services...
20 Vaping Statistics & Facts to Learn in 2022 - Modern Gentlemen
The popularity of e-cigarettes has skyrocketed in the last decade, and vaping statistics confirm that, especially among younger people. However, many are rethinking their vaping habits after the outbreak of vaping-related lung injuries and deaths.
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.
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.
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.
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.
What are the barriers to growth in the vaping market?
There are certain barriers and constraints faced that will hinder the overall market growth. The factors such as many of the flavoring and moisturizers contain in e-liquid have been licensed from F&D management but they haven’t been permitted for inhalation which may cause serious health problem to consumers and side effects of e-cigarette use such as vomiting, coughing, lung damage, and slow brain development are the potential restraints hampering the overall growth of the global E-Cigarette and Vaping Market. Nevertheless, the advancements in technologies such as pod devices have increased the sale of vaping devices. Furthermore, vendors are coming up with various device configuration, and untapped potential in emerging markets offer favorable growth opportunities.
How is the e-cigarette market growing?
The market is growing as the devices have become more efficient in terms of battery life and the availability of various flavors, attracting a large number of customers. The cost-effectiveness of these devices has further stimulated product adoption in the market. The rising price of traditional cigarettes is anticipated to further encourage the demand for e-cigarettes and vape devices in the forthcoming years. The market is driven by the growing awareness among the young population owing to various medical studies that term e-cigarettes as a safer alternative to traditional cigarettes. Moreover, the customization options offered by vendors and continuous improvement toward new product development have positively anticipated in propelling the growth of the global E-Cigarette and Vaping Market.
Who are the major players in the e-cigarette market?
The “Global E-Cigarette and Vaping Market” study report will provide a valuable insight with an emphasis on the global market including some of the major players are Altria group Inc., British American Tobacco, Imperial Brands, Japan Tobacco International, NicQuid, JUUL Labs Inc. , Philip Morris International In c., Shenzhen Kanger Technology Co. , Ltd . , VMR Products LLC, and NJOY Inc.
What does an e-cigarette look like?
Some e-cigarettes look like standard cigarettes, cigars and many of them look like USB flash devices, pens, and other items. Large tobacco companies have flourished by introducing these devices through various brands that cater to different requirements, thereby enhancing the product quality and level of customization.
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 rechargeable cigarette?
A rechargeable cigarette is a battery-powered vaping device, which can be reused and refilled. These devices also have interchangeable cartridges, due to which users can try a wider variety of flavors. The modular devices segment is anticipated to register the highest growth over the forecast period.
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.
What is the e-liquid segment?
The e-liquids are easily available in numerous flavors such as menthol, chocolate, fruit and nuts, and tobacco, which is expected to encourage the usage of e-liquids. Moreover, the availability of e-liquids with a low level of toxicants is further expected to propel the segment growth. E-liquids offer a price benefit over tobacco products and are available in several price ranges, thereby improving the affordability of these e-liquids.
Which segment is anticipated to register the fastest over the forecast period?
The online segment is anticipated to register the fastest over the forecast period. Numerous vendors in the U.S. are opting for online channels as their preferred distribution channel over the retail stores due to stringent regulations about the sale and distribution of e-cigarettes.
Is smoking a health concern?
Health concerns related to smoking have considerably increased in the past few years as individual organizations and governments are treating this issue with high priority. Increasing awareness about health concerns is anticipated to propel the market growth over the forecast period.
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.
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.
What is the risk of vaping?
Perhaps the main risk that vapers face is developing what is called an e-cigarette and vaping use-associated lung injury or EVALI. Its outbreak in 2019 turned out to be strongly linked to the presence of vitamin E acetate in e-cigarette products.
How many people died from vaping in 2020?
Vaping caused the death of sixty-eight people in the US between December 3rd, 2019 and February 18th, 2020. These deaths occurred across the US—in 29 states and the District of Columbia.
What is the second most popular vape brand?
Vuse came in second with approximately 24% of total nicotine vaping product sales, followed by blu (6%). Njoy reached no more than 2%, while all other brands reached about 1%.
What are the ingredients in vaping?
The usual ingredients of e-liquids used in vaping include: nicotine, THC, CBD, flavors, sweeteners, and solvents (vegetable glycerin and propylene glycol).
What is the most popular flavor of vape?
The most popular are fruit flavors, followed by mint, menthol, candy, and other sweets. To stop advertising vaping through flavored e-cigarettes, the FDA issued a policy that prohibits the use of any other pre-filled cartridge other than menthol and tobacco, unless approved by the FDA.
How many Americans ignore the negative effects of e-cigarettes?
Only 6% of adult Americans ignore the negative effects of e-cigarettes on one’s health. About 59% of the surveyed have heard a lot about vaping and smoking e-cigarettes possibly leading to respiratory problems. Finally, 14% claim they’re vaguely informed about the topic.
Can an e-cigarette explode?
Unfortunately, data show that such incidents are not infrequent—quite the opposite. E-cigarette explosions tend to be linked to battery malfunctions, which can lead to serious injuries and even be fatal.
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.
