How many vape shops are in the US?
We estimated the prevalence of vape shops in the USA, with a total of 9945 vape shops as of December 2015.
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 many vape companies are there?
As of 2014, there were more than 460 e-cigarette brands worldwide. In 2014 it was reported that in every month there was a net growth of 10.5 e-cigarette brands. New e-cigarette brands are continuously being brought into the marketplace. As of 2017, the exact number of e-liquid brands that are in business is unclear.
How big is the vape market?
$21.63 billionThe global E-cigarettes market is expected to grow from $18.15 billion in 2021 to $21.63 billion in 2022 at a compound annual growth rate (CAGR) of 19.2%.
How many Vapes are sold each 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. Juul forecasts its 2019 revenue to be $3.4 billion.
What are the statistics on vaping?
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.
What is the largest vaping company?
Vaping market share in the United States in 2020, by brand 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.
How much is the vaping industry worth 2021?
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 most popular vape brand?
SMOKFirst up has to be SMOK, the biggest and most popular vape brand on the planet. Without doubt SMOK has the biggest output of all vape brands. But it's not just about quantity, SMOK has some of the highest quality and most loved vape kits on the market today.
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
Is vaping a growing industry?
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.
Where is vaping most popular?
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 many high school students are vaping?
Vaping has surged in the past two years, particularly among teenagers and young adults. More than 20% of high school students reported vaping in 2018 — almost twice the 2017 rate — according to the federal Centers for Disease Control and Prevention.
What is vaping in cigarettes?
Vaping is the popular shorthand for using electronic cigarettes to “vaporize” nicotine or an array of liquid concentrates. The devices initially were marketed as a way to inhale nicotine without the risks associated with burning tobacco.
How old do you have to be to buy a juul?
Juul, the San Francisco-based company that dominates the e-cigarette trade, and other manufacturers publicly market their devices as a tool to help adults quit smoking. But government surveys show the sleek devices — and multitude of copycat products — are far more popular among high school students than adults. While the legal age to buy e-cigarettes is 18 in most states — and 21 in California — the products are widely available online and not all sellers require proof of age. And vaping kits now come in the form of pens, flash drives, key fobs, even watches — making them both stylish and easy to disguise.
Is vaping a problem in high school?
For now, officials are warning people of all ages to avoid e-cigarettes, particularly products purchased on the street. Vaping is now so pervasive among high school students that federal health officials say its use has fueled a sharp reversal in what had been a celebrated two-decade decline in overall tobacco use by teenagers.
