Full Answer
Is the US vape industry under-regulated?
The US faces significant upcoming changes to the otherwise under-regulated vape industry.
What do the numbers show about vaping in the US?
What do the numbers show about vaping in the U.S.? (Getty Images) E-cigarettes and other vaping products are facing heavy scrutiny as federal authorities investigate hundreds of reported cases of vaping-related lung illness, including some that have resulted in death.
What are the new FDA regulations for vape products?
Vape products that contain nicotine now require an explicit label indicating the addictive nature of nicotine. The FDA requires these changes to vape products, which previously enjoyed a mostly unregulated life as consumer goods. One major concern for the FDA to enforce these new regulations is the rise of teens using vapes in the US.
Who is most likely to 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.
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 big is the vape shop industry?
The U.S. e-cigarette & vape market size was estimated at USD 6.1 billion in 2020 and is expected to reach USD 7.4 billion in 2021.
How much money did the vaping industry make in 2018?
The global e-cigarettes (vaping) market was valued at about $14.05 billion in 2018 and is expected to grow to $29.39 billion at a CAGR of more than 20% through 2022. Growing awareness about the alternatives to tobacco smoking is driving the market for e-cigarettes.
How many vaping companies are there?
More than 460 different e-cigarette brands are currently on the market.
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. Juul forecasts its 2019 revenue to be $3.4 billion.
Is the vaping industry growing?
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 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 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).
Is Juul still making money?
Altria announced it had written down its stake in Juul, first in October 2019, and then again in January 2020, bringing the value of the stake to $4.2 billion dollars as of the end of 2019. 2 The company saw $1.3 billion in revenue in 2018 and expected to earn $3.4 billion in 2019, according to Bloomberg.
What is the largest vaping company?
A Growing Market And Falling SharesCompany20142017Altria1.12.5PMI1.30.4Others (independent companies)82.075.3JUUL Labs4.04 more rows•Mar 4, 2022
Who owns the vaping industry?
The popular brand VUSE, is owned by R.J. Reynolds Vapor Company, a subsidiary of the tobacco giant Reynolds America. British American Tobacco (BAT), the largest tobacco company in the Europe, launched Vype around four years ago. Altria (formerly Phillip Morris) owns MarkTen.
What is the most popular vape brand?
The 10 Best Vape Brands & Manufacturers are:Voopoo.Geekvape.JUUL.SMOK.Innokin.Vaporesso.Aspire.Uwell.
Which state has the most vape stores?
The Yelp data show that western states are the center of of the vape business. Nevada has by far the most vape stores per capita, with 6.7 for every 100,000 residents. The vast majority of these are in Las Vegas, which frequently hosts vaping trade shows and conferences, such as Vapefest 2016. Hawaii is the only other state with more than six stores per 100,000 residents. Oklahoma, Florida and California round out the top five states.
Why are vape stores so small?
One probable reason for the smaller numbers of vape stores in some places is the passage of state laws regulating them. Four of the states with the fewest vape stores require a license for over-the-counter sales of e-cigarettes—Arkansas, Indiana, Iowa, and Wisconsin. None of the states with highest concentrations of vape stores have such a law. (pdf)
Does Nevada tax e-cigarettes?
Correction (7:40am ET): This article previously reported that Nevada had passed a tax on e-cigarettes. However, that law was revised to exempt e-cigarettes before it was passed.
Is vaping a regulated business?
Reliable data about anything related to vaping are very difficult to come by. Unlike tobacco products, e-cigarettes are almost completely unregulated, so few federal agencies collect information about them. Vape shops aren’t even a recognized category in the business classification codes used by the US Census Bureau.
How many vape shops are there in the US?
The number of vape shops has surged since 2008, catering to the fast-growing e-cigarette market. It is estimated that the number of US vape shops has grown to about 8500 6 in 2015 from 3500 in 2013. 7 Vape shops are retail outlets specialising in the sale and use of Electronic Nicotine Delivery Systems (ENDS). Vape shops allow customers to sample a wide range of ENDS flavours, devices and accessories. Some vape shops look like bars, and some have lounges where customers can drink a beverage as they vape and socialise vaping experience with others. 8 Vape shop owners and employees often provide support and advice to promote vape products. 9 In many states, vape shops can be easily opened with a business license. The lack of regulations and taxes on the manufacture and sale of e-cigarettes has allowed them to be sold with higher markups than other tobacco products. 7 Financial analysts estimate that the vaping industry, which manufactures and sells ENDS, including e-cigarettes, vapours, tanks and other accessories, would generate $3.5 billion revenue in 2015, 10 and vape shop sales represent 34% of the total e-vapour market. 11
When did vape shops start?
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.
How to calculate vape shop density per 10 000 students?
Vape shop density per 10 000 students was calculated by dividing the number of vape shops within a radius of a college by the college student population.
Why is it important to track vape shops?
It is important to track vape shops systemically so that we can monitor the growth trend and assess retailers' compliance with youth access laws. However, due to the lack of regulatory policies, including licensing requirements, there is no comprehensive list of ENDS vape shops and very limited administrative records on vape shops. 24 Many vape shops do not have tobacco licences, and these businesses are not systematically tracked by state and local agencies for auditing and compliance. Little is known about where vape shops are located and whether they are concentrated in vulnerable communities. Many colleges and universities have implemented smoke-free campus polices, and some colleges have also established e-cigarette-free campus policies. 27 However, there is limited literature on how these policies impact vape shop locations. This study is the first of its kind to investigate US-based vape shops using online retailer directories. We further overlaid the geocoded vape shops with colleges/universities, and examined the factors associated with the proximity and density of vape shops near college campuses. The impacts of smoke-free and e-cigarette-free campus policies on vape shop density were also assessed.
Why are vape shops less common in colleges?
The policy effects were more evident for colleges without campus housing than those with campus housing, as shown by a steeper reduction in vape shop density within a 1-mile radius ( figure 3 C,D). One possible explanation could be that colleges with campus housing tend to have more young students, and smoke-free or e-cigarette-free policies are less effective in deterring vape shops.
Does smoke free policy affect vape shop density?
Smoke-free and e-cigarette-free campus policies had significant interactions with college type (private vs public) and campus housing ( figure 3 ). Within a 1-mile radius of colleges, private institutions had a higher vape shop density compared to public institutions, but it is promising to see that smoke-free policies ( figure 3 A) and e-cigarette-free policies ( figure 3 B) significantly reduced the vape shop density around private institutions. Regardless of campus housing, both smoke-free policies ( figure 3 C) and e-cigarette-free policies ( figure 3 D) reduced vape shop densities around colleges, but the policy effect was more evident among colleges with no campus housing. The results of multivariate analysis ( table 4) confirmed these significant interactions.
Is vaping harmful to college students?
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. E-cigarette use could potentially be a gateway to cigarette smoking for youth and young adults, 22–24 as the transition from experimentation to regular smoking and addiction often occurs in young adulthood. Using validated online search methods, we identified nearly 10 000 distinct vape shops in the USA as of December 2015, a 285% increase from 2013. 7
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.
How many people use e-cigarettes in 2017?
Survey data shows 4.6% of adults currently used e-cigarettes or a similar device in 2017, compared with 4.7% in 2016.
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 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.
Where is the biggest vaping market?
The United States is the world’s biggest vaping market.
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.
Which country has the most restrictive vape laws?
Asian countries have the most restrictive vape laws in the world.
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.
Where is vaping growing?
Vaping is relatively new and growing in the Central American region.