Full Answer
How many people vape in the United States?
A recent Reuters poll, however, put the number of people vaping daily in the United States even higher. According to the Ipsos/Reuters survey of 5,769 adults in the United States, 10% of them admitted to being a vaper or to daily e-cigarette use. 10% of Americans is a significant increase from previous years. In 2014, the figure was at 3.7%.
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.
Is the vape industry declining?
Around the world, and even in the US still, however, the vape industry shows no signs of decline. An astounding 95% of all vape products and tech come from a single city in China to supply the world’s vaping boom.
Are vape shops regulated?
This is the first assessment of business and manufacturing practices at vape shops, which have only recently become regulated.
How many vape stores 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 big is the vape 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.
How many Vapes are sold a year 2020?
From January 26, 2020 to October 04, 2020, total e-cigarette unit sales (excluding hardware) increased by 15.5% to 18.1 million units.
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 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 2021?
The vast majority (69.8%) of this increase was from sales of disposable products. From February 2020 to March 2021, sales of disposable e-cigarettes increased by nearly 200% (from 2.8 million to 7.8 million units).
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 much has the vaping industry grown?
The global electronic cigarette market size was valued at $17,301.0 million in 2020, and is projected to reach $94,316.6 million by 2031, registering a CAGR of 16.8% from 2022 to 2031.
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.
Who owns vaping industry?
Altria acquired independent US e-cigarette company Green Smoke in 2014. Both brands were discontinued in December 2018 and Altria announced that it had bought a 35% stake in market leader JUUL Labs. For more on Altria's e-cigarette interests see E-cigarettes: Altria and JUUL Labs.
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).
Abstract
Background Vape shops have been spreading rapidly in the USA since 2008, catering to the fast-growing market for electronic cigarettes. Little is known about the geographic density and proximity of vape shops near colleges.
Introduction
The use of electronic cigarettes (e-cigarettes) among youth and young adults is becoming more popular in the USA. E-cigarette use among middle and high school students in the USA tripled in 1 year, rising from ≈780 000 in 2013 to 2 450 000 students in 2014.
Data and method
This study consisted of three stages: (1) creating a vape shop database from online sources that have extensive and complimentary listings, (2) linking vape shops to accredited colleges/universities through a geographic information system and (3) analysing the proximity and density of vape shops along with their associations with college characteristics..
Results
A total of 9945 vape shop addresses were geocoded and analysed in this study. Geographic distributions of vape shops and colleges in this study (n=2755) are presented in figure 2, and circles in figure 2 B are proportional to the number of vape shops within a 3-mile radius of each college.
Summary and discussion
There is a rising trend of vaping among college students. Yet the harmful health risks of vaping, especially over the long term, have not been fully evaluated.
Footnotes
Contributors HD conceptualised the study for the article, while JH acquired the data and HD performed the analyses. All authors contributed to writing the manuscript. The authors thank the Medical Writing Center at Children's Mercy Hospital for editing this manuscript.
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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. ...
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 ...
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.
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.
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.
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.
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 ...
What is Juul Labs?
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.
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.
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.
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.
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 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).
