The number of vapers has been increasing rapidly - from about seven million in 2011 to 41 million in 2018. 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.
Full Answer
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.
How many people in the US vape?
In the US alone, vaping has reached an astronomical 9 million adults. That is, compared to the 37+ million smokers, not an outrageous number. It has been steadily increasing over the last few years, though.
What is the future of the vaping industry?
Vaping has become a fast-growing and vibrant industry over the last few years, and there are no signs of it slowing down. Currently, the market is predicted to reach a total value of $50 billion by the year 2025.
How popular is vaping in Europe?
Vaping is also popular in the UK. Collectively, countries across the European Union reported in 2016 that about 15% of their total population are vape users (regularly, daily). Despite rise in users (up from about 11% in 2014), Europeans are also reportedly more concerned about the health effects of vapes than in previous years.
How many Vapes are sold a year?
The e-cigarette maker's sales have skyrocketed in recent years, going from 2.2 million devices sold in 2016 to 16.2 million in 2017. This growth was in part due to increased sales of a small e-cigarette that resembles a USB flash drive.
How many Vapes are sold a year 2020?
From February 2020 to March 2021, total e-cigarette sales increased by nearly 50% (from 14.8 million units to 22 million units). Sales of flavored e-cigarettes increased by 64%.
How big is the vaping market?
Report Overview. 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.
Is vaping a growing market?
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 the percentage of teenage vaping 2021?
2021 Findings on Youth E-Cigarette Use Among students who currently used each tobacco product, frequent use (on ≥20 days of the past 30 days) was 39.4% for e-cigarettes compared with 18.9% for cigarettes and 20.7% for cigars. Almost 85 percent of e-cigarette users reported currently using flavored products.
How much has the vape industry grown?
Verified Market Research estimates the worldwide vaping market will grow from $10 billion in 2020 to nearly $74 billion by 2028. Mordor Intelligence says the global e-cigarette industry generated nearly $19 billion of revenue last year with about 17% annual growth expected through 2026.
How big is the vaping industry in the US?
The United States e-cigarette and vape market attained a value of around USD 12.8 billion in 2020. The industry is further expected to grow in the forecast period of 2022-2027 at a CAGR of nearly 25% to reach approximately USD 48.9 billion by 2026....Competitive Landscape.REPORT FEATURESDETAILSForecast Period2022-202714 more rows
How much is the vaping industry worth 2022?
Revenue in the E-Cigarettes segment amounts to US$22.95bn in 2022. The market is expected to grow annually by 4.18% (CAGR 2022-2027). In global comparison, most revenue is generated in the United States (US$7,640.00m in 2022).
How much money is spent on Vapes each year in the US?
$387 to $5,082.50 per yearThe cost of vaping Vaping can cost $387 to $5,082.50 per year whereas smoking a pack of cigarettes a day can cost $2,087.80 to $5,091.75, according to the manufacturer Ruthless Vapor. And the cost of vaping doesn't stop at the price of the products.
Is vape a good business?
You Can Still Run A Profitable Vape Shop In 2022 After all, there are now plenty of competitors operating in the market and some may be well established. But entrepreneurs are often surprised to find that it is still perfectly possible to make a very healthy profit if you create a sound business!
How many people use vape in the US?
Data from the National Health Interview Survey In 2018, an estimated 8.1 million U.S. adults were current electronic cigarette (e-cigarette) users (1). E-cigarette use is a public health concern (2), and it has been linked to a recent outbreak of lung injury and deaths among adults (3).
Which country Vapes the most?
Since their introduction vaping has increased in the majority of high-income countries. E-cigarette use in the US and Europe is higher than in other countries, except for China which has the greatest number of e-cigarette users.
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 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.
Industry Insights
The global e-cigarette and vape market size was accounted for USD 12.41 billion, in 2019. It is estimated to grow at a CAGR of 23.8% during the forecast period, 2020 to 2027. Rising popularity and demand for the product among the millennial population are expected to propel market growth from 2020 to 2027.
Product Insights
In 2019, the segment of rechargeable devices held the largest market share across the global e-cigarette & vape market. These are affordable devices with replaceable cartridges that contain e-liquid. Consumers can use this device for a longer period by replacing the used cartridge with a new one.
Distribution Channel Insights
By distribution channel, the market is further divided into retail stores and online segments. Earlier, retail stores like vape shops and gas stations used to sell e-cigarettes. Availability of a wide range of products and e-liquid helped the consumers choose their desired flavor. In addition, consumers can test the equipment before buying it.
Component Insights
The segment of vape mod held the largest market share and is anticipated to maintain its dominance from 2020 to 2027. Vape mods are available in several innovative designs such as box mods and regulated mods. This has proliferated the demand for e-cigarettes. Moreover, vaping competitions are organized across different regions.
Regional Insights
In 2019, North America held the largest market share across the global e-cigarettes market owing to the presence of prominent players including R.J. Reynolds Vapor Company; Phillip Morris International Inc.; and JUUL Labs, Inc.
E-cigarette and Vape Market Share Insights
Leading players operating in this industry include British American Tobacco; Imperial Brands; Altria Group, Inc.; International Vapor Group; NicQuid; Japan Tobacco, International; JUUL Labs, Inc.; R.J. Reynolds Vapor Company; Philip Morris International Inc.; Shenzhen KangerTech Technology Co., Ltd. and Shenzhen IVPS Technology Co., Ltd.
Segments Covered in the Report
This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2016 to 2027. For the purpose of this study, Million Insights has segmented the global e-cigarette and vape market report based on product, component, distribution channel, and region:
How many people started vaping in 2014?
An even more revealing statistics from the Reuters poll is that 70% of new American users started vaping in 2014. There is no denying then that e-cigarettes are steadily growing in popularity, as more people are becoming vapers every year. North and South of the border, vaping statistics for the same years, between 2013-2015 show ...
How much did the EU use e-cigarettes in 2014?
Ever use of e-cigarettes by EU citizens increased from 7.2% in 2012 to 11.6% in 2014. Strangely enough, increased use of e-cigarettes is not translating to a change in the perception of e-cigarettes, at least a positive impression.
Where is vaping banned?
Heavy restrictions on vaping exist in countries like Thailand, and on the Australian continent. These bans have not stopped people from vaping, though. As with any behavior that becomes illegal, vapers have gone underground, which is not necessarily a good thing.
Is vaping popular among men?
The two most glaring similarities being that vaping is most popular with young people and among men. Researchers from Waterloo University, conducting an annual survey of tobacco use in Canada, also tracked the use of e-cigarettes, which almost mirrors e-cigarette use stateside. Their study showed the following in 2015:
Which country has the biggest tobacco market?
China also represents the world’s biggest tobacco market. Despite the connection e-cigarettes have with the most populous continent in the world, Pacific Rim nations like Indonesia, Malaysia, and Vietnam have out-and-out banned vaping products. Singapore enacted a full-fledged ban on the sale, use, even possession of any ...
When did Mexico ban e-cigarettes?
Mexico summarily banned both the sale and consumption of e-cigarettes in 2013. Despite prohibition, though, e-cigarette use in Mexico, especially among young people, has skyrocketed by almost 50% [1] in one year, according to the InterAmerican Heart Foundation.
Who is the founder of Mist E cigarettes?
Nav Lalji, chairman of the Asian Vape Association and founder of the vape company, Mist-E cigarettes, conceded that e-cigarettes have a long way to go before they can compete with traditional cigarettes, mostly because of how much vapes are.
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 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.
How many packets of cigarettes are in a Juul pod?
In fact, 99% of the e-cigarettes sold in the USA contained nicotine 5 and according to JUUL’s website the nicotine content of one JUUL pod is equivalent to one packet of cigarettes. Nicotine is a highly addictive substance and in fact it has been reported to be harder to quit than cocaine.
How many 13 year olds have vaped?
In 2019, 9% of 13-14 year olds had vaped nicotine; in 2017 it was only 3.5% 4. The rapid rise in young vapers is driven by the slick advertising projecting vaping as sexy, attractive and safe, (reminiscent of smoking adverts of a bygone era) and by the flavours that appeal to young people 1. They also don’t realise there is nicotine in the vaping juice 5. The use of the word “juice” is a deliberate choice on the part of the manufacturers – the implication is that the liquid is healthy rather than poisonous and addictive.
What is vaping liquid?
Vaping liquid contains over 80 chemicals including nicotine, cancer-causing chemicals and toxic heavy metals such as nickel, tin and lead 7 all of which are associated with developing lung disease. When heated the vaping liquid creates ultrafine particles and volatile organic compounds.
Which state has the highest vaping rate?
Oklahoma has the highest rate of e-cigarette usage, followed by Louisiana, Nevada, Ohio, Tennessee, and Kentucky 5. Washington, D.C. has the lowest rate of e-cigarette usage, followed by South Dakota, California, Maryland, and Vermont 5. The age range with the most US vapers is 18-29 years olds 14.
Does vaping cause heart problems?
There is no doubt that vaping causes lung issues, heart issues, and more. In January 2018, the National Academies of Science, Engineering and Medicine released a consensus study report that reviewed over 800 different studies and concluded that e-cigarettes [vaping] causes health risks 18. 2.
What is the most recent generation of e-cigarettes?
The most recent generation of e-cigarettes on the market, which include pre-filled pod systems like JUUL , refillable systems like Suorin Drop and Kandypens, and disposable systems like Puff Bar, use nicotine salts in the e-liquids.
When did e-cigarettes come out?
E-cigarettes first entered the market in 2007 and have evolved many times since then, with older versions designed to resemble regular cigarettes, cigars, pipes, pens, and even USB flash drives. The latest generation of products feature a sleek, high-tech design and are disposable or use easily rechargeable batteries.
How fast does Juul nicotine work?
For example, the maker of JUUL claims the product has a nicotine content like traditional cigarettes, and that it delivers the nicotine up to 2.7 times faster than other e-cigarettes. In the U.S., JUUL devices were originally introduced with a 5% nicotine salt pod.
How many EVALI cases will there be in 2020?
As of February 18, 2020, a total of 2,807 hospitalized EVALI cases had been reported to the CDC in the U.S. with 68 cases resulting in deaths. Data from a February 2020 study linked EVALI cases to vitamin E acetate, an additive in THC-containing vaping products.
What is an e-cigarette?
E-cigarettes or electronic nicotine delivery systems (ENDS) go by many names – the most common name is “e-cigarette,” but other terms include e-cigs, vapes, vape pens, mods and tanks. For the purposes of this resource we refer to the entire category as “e-cigarettes.”. E-cigarette use among young people has skyrocketed in recent years ...
How do e-cigarettes work?
E-cigarettes are devices that operate by heating a liquid solution to a high enough temperature so that it produces an aerosol that is inhaled. Solutions, sometimes called e-liquids, almost always include nicotine, flavoring and a humectant, such as propylene glycol, to retain moisture and create the aerosol when heated.
Why is the Truth Initiative not allowing flavored e-cigarettes?
Truth Initiative has encouraged FDA not to authorize any flavored e-cigarettes other than tobacco flavor because they attract youth and harm public health. As of December 31, 2020, seven states and an estimated 330 counties, cities, towns, and tribes have restricted the sale of flavored e-cigarettes.
What is the vape industry?
The vape industry is one driven not just by market needs, but by innovation as well. Unlike many industries, vaping is entirely open to new ideas and is focused on implementing new concepts.
How much is vaping worth in 2025?
Currently, the market is predicted to reach a total value of $50 billion by the year 2025.
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.
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.
Who invented the e-cigarette?
That year, Hong Kong pharmacist Hon Lik was looking for a safer alternative to smoking and patented the first modern e-cig. The product soon became very popular in China and then worldwide. Vaporizer technology is constantly changing and evolving to create a better user experience.
How old are you when you vape?
Younger adults are more likely to vape than older adults. In fact, adults between 18 and 24 years old are three times more likely than average to use e-cigarettes or a similar vaping product, and adults between 25 and 34 years old are twice as likely.
Which state has the lowest vaping rate?
Kentucky, for example, had the second-highest rate of both adults who vape (6.1%) and tobacco smokers (24.6%) in 2017. California, meanwhile, had the lowest rate of vaping (3%) and the second-lowest rate of tobacco smokers (11.3%).
Is e-cigarette use an epidemic?
surgeon general – have deemed e-cigarette use among youth an "epidemic. " Questions also have swirled over whether e-cigarettes are effective as a smoking-cessation tool, or whether they merely offer another path to nicotine addiction. ...
Which country has the largest vape market?
US. The United States is, without a doubt, the largest and fastest growing vape market in the world. This is largely thanks to the simplicity and ubiquitous presence of products like the Juul. It is also due to a lack of legislation to monitor the advertising and sale of these products to minors.
How many teens use vapes in 2015?
Among the findings, 15% of teens reported using vapes in 2015, which incited much of the concern from federal regulatory bodies. Since then, the FDA has cracked down on vape manufacturers and increased fines for retailers caught selling to underage users.
How much nicotine is in a vape cartridge?
Current legislation specifies that no nicotine cartridge or vape juice can contain more than 20mg of nicotine . Juul, for example, offers 5% nicotine per 0.7mL pod (by weight). This translates to about 50mg of nicotine.
How old do you have to be to vape?
Local legislators in areas like California, New York, and states across the midwest have also enacted regulations to combat teen vaping. Some locales raised the legal vape age to 21 to match their smoking age, and others have banned flavored vape juices to keep products from appealing to children.
Where is vaping banned?
Vaping is expressly banned in Singapore, Hong Kong, Vietnam, Thailand, Taiwan, Dubai, Cambodia, and in many Indian states. Some consequences of vaping in these countries are harsh, such as up to 10 years in prison in Thailand. That list leaves few countries on the Asian continent that allow vaping.
Where is vaping banned in South America?
We were unable to find reliable sources on statistics of use in other Central and South American countries. Though, a number of countries in South America, such as Brazil, Venezuela, and Argentina have banned vaping altogether. Other South American countries have absent or unclear legislation about vaping.
What is the legal age to buy e-cigarettes in Canada?
Canada’s legislation on e-cigarettes looks much like that of the US. Eighteen is the legal purchase age, with the provision that provinces can set their own, higher minimum ages as well. Legislators have banned similar advertising efforts (no advertising to persons under 18, and not to display the act as a ‘sexy’ or ‘fun’ lifestyle choice except within magazines explicitly targeted to adults).
