ECigIntelligence, a company which provides regulatory advice to consumers, businesses and legislators, estimates that the domestic vapes market in China is already worth $1.3 billion, and that China exported nearly $8 billion worth of e-cigarettes in 2020 alone.
Why is China’s vape industry booming?
The China vape or e-cigarette industry has exploded in growth over the past couple of years, with early movers benefiting from unfettered access to the largest population of smokers in the world. The industry also has massive growth potential.
Can you really make money vaping in China?
Vaping has surged in China, drawing money from domestic and Western investors alike. In a country with nearly as many smokers as the entire United States population, the growth potential seemed limitless. “This,” said Frank Wang, an aspiring entrepreneur who wanted to open his own vaping shop, “is where you can make money now.” Perhaps not anymore.
When will flavored vape products be available in China?
The standards take effect from October 1, 2022, meaning that some flavored vape products can be sold in China up until this date, which is beyond the initial date of May 1 stipulated in the latest administrative measures regulating the market.
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 much money does the vape industry make?
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.
What percentage of e-cigarettes are made China?
In 2015, China produced about 80% of the world's e-cigarettes8, with a 33% increase in sales in 2015 alone9. Compared with people in the European Union, the US and other countries, Chinese know less about the use of e-cigarettes than people of other Asian countries10.
Is vape legal in China?
Among other new regulations, the measures now prohibit the sale of flavored e-cigarettes, a significant blow to the industry. The measures build upon a decision in 2021 to move the industry under the purview of the STMA and regulate e-cigarettes as a tobacco product. The measures will go into effect on May 1, 2022.
How much is the e-cigarette industry worth?
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.
What country has the most Vapers?
Vaping is increasing 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.
Is Juul made in China?
As of July 2018, the Juul e-cigarette is manufactured in Shenzhen, China while the pods are made in the United States.
How is China's tobacco marketed?
Tobacco advertising is prohibited in mass media, public places, means of public transport, and outdoors. Other forms of tobacco advertising are permitted, including through sponsored events and organizations, promotional discounts, and retailer incentive programs.
What countries ban vaping?
The legal status of e-cigarettes is currently pending in many countries. Many countries such as Brazil, Singapore, Uruguay, and India have banned e-cigarettes.
What is the future of vaping?
In 2019, the global vape and e-cig market size were estimated to be USD 12.41 billion, but it's projected to grow at a compounded annual growth rate of 23.8 percent in the future. From 2020 to 2027, the industry will attain traction over the forecast period.
Which 3 countries are the largest markets for vaping products?
The United States, United Kingdom and France are the biggest markets. Vapers in the three countries spent more than $10bn (£8bn) on smokeless tobacco and vaping products in 2018.
What is the biggest vape company?
JuulMarket. The most well-known e-cigarette brand is Juul, which held three-quarters of the U.S. e-cigarette market at the end of 2018. In December of that year, the cigarette company Altria — the parent company of Philip Morris USA — bought a 35 percent stake in Juul.
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).
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 the purpose of Juul Labs marketing campaign?
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. Such marketing initiatives are anticipated to drive market growth over the forecast period.
What are the flavors of e-cigarettes?
Additionally, various types of flavors such as menthol, tobacco, fruits and nuts, and chocolate are available in the market, which is attracting a large number of customers. These flavors emit aromas when used in an e-cigarette or a vape device. Additionally, the increasing cost-effectiveness of these devices has further enhanced customer adoption and is expected to drive market growth over the forecast period.
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.
Where are e-cigarettes imported from?
Given that most of the e-cigarettes are imported from other countries such as China, customers find it convenient to purchase e-cigarettes in bulk quantities via online platforms, which is anticipated to drive the Asia Pacific regional market growth. The Europe market is anticipated to register considerable growth over the forecast period. The health bodies in the region are providing acceptance to e-cigarette and vape from vendors such as British American Tobacco Plc’s Vype and Imperial Brands Plc’s Blu in the region as it is a better alternative to tobacco smoking is anticipated to drive the market growth in Europe.
How much is the e-cigarette market worth in China?
Euromonitor, the global market research consultancy, said China’s e-cigarette market was worth $750.4 million in 2018, nearly triple the 2014 value.
How many e-cigarette companies are there in China?
According to Tianyancha, a corporate database in China, the country has more than 9,500 e-cigarette companies.
Why did Juul withdraw from the e-cigarette fair?
Juul had paid to be at the e- cigarette fair in Shanghai starting in late October but withdrew at the last minute because of the crisis in the United States , according to Li Wangfeng, project director of the expo.
How old are the most vapers in China?
A 2018 tobacco survey commissioned by China’s Center for Disease Control found that people 15 to 24 years old were the most avid vapers, with most buying their devices online.
Where are e-cigarettes made?
Ninety percent of the world’s e-cigarettes are made in China, and most of them are produced in Shenzhen, a southern city that borders Hong Kong.
Is vaping banned in China?
Regulators have banned online sales of vaping products, and China’s major propaganda outlets have heaped on scrutiny, citing the potential health effects. The government is considering banning vaping in public places. Beijing’s crackdown threatens an almost exclusively Chinese industry that had been counting on the country as a haven.
Is Juul Labs under fire?
Gilles Sabrié for The New York Times. Juul Labs, which is under fire in the United States for marketing its e-cigarettes to teenagers and children, wanted to cash in, too. But just days after it started business in China, its products were removed from Alibaba and JD.com, two of the biggest e-commerce platforms.
What is the most popular e-cigarette brand in China?
Seven of China’s most popular e-cigarette brands put out statements on social media late Friday saying that they supported the decision by the regulator. RELX, the most popular brand in China with 60 percent market share, said it “firmly supports” the decision by the regulator.
What are the words used in e-cigarettes?
A top official at the tobacco regulator told the official Xinhua news agency on Friday that many e-cigarette companies target young people by advertising e-cigarettes with words like “young” and “fashion” to tempt minors.
What is wholesale?
People often think of wholesale companies as business entities that supply and distribute low-quality products for a low price. However, most of the time, only one is true on these two, and that is the latter.
Best Wholesale Vape Products Suppliers in China
UPENDS is perhaps one of the best choices if you are looking for a vape supplier. They are not only about business as they are dedicated to providing cigarette users with alternatives such as vaping products that are minimalist in design, have quality, and come in great value.
