How big is the e cig market?
Table of Contents
- 1 How big is the e cig market?
- 2 How much is the vaping industry worth 2020?
- 3 How many e cigarettes are sold a year?
- 4 What is the largest vape company?
- 5 How much is the e-cigarette market worth?
- 6 What percentage of adults use e-cigarettes?
- 7 What is the future of the e-cigarette market?
- 8 Who are the consumers of e-cigarettes?
- 9 What is the forecast period of e-cigarette industry research report?
How big is the e cig market?
As consumers switched to smokeless tobacco, dollar sales of electronic cigarettes reached approximately 3.8 billion U.S. dollars in 2018, across all retail channels in the United States.
How much is the vaping industry worth 2020?
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.
How many e cigarettes are sold a year?
From February 2020 to March 2021, sales of disposable e-cigarettes increased by nearly 200\% (from 2.8 million to 7.8 million units).
Is vaping a growing market?
Report Overview The global e-cigarette and vape market size was valued at USD 15.04 billion in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 28.1\% from 2021 to 2028.
What are the statistics of vaping?
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 vape company?
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. Accounting for about a quarter of that year’s dollar sales, Vuse stood in second place.
How much is the e-cigarette market worth?
In 2016, the total e-cigarette and T-vapor market was estimated to be worth some 11.48 billion U.S. dollars and is expected to grow to over 86.5 billion by the year 2025….E-cigarette and T-vapor market size worldwide in 2016 and 2025 (in billion U.S. dollars)
| Characteristic | Market size in billion U.S. dollars |
|---|---|
| – | – |
What percentage of adults use e-cigarettes?
In 2018, 14.9\% of adults had ever used an electronic cigarette (e-cigarette), and 3.2\% were current e-cigarette users. The prevalence of adults who had ever used an e-cigarette and were current users was highest among men, non-Hispanic white adults, and those aged 18–24.
How much money has the vaping industry made?
The global e-cigarette and vape market size was valued at USD 15.04 billion in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 28.1\% from 2021 to 2028.
What is the e-cigarette & vape market size?
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. The market growth can be attributed to the increasing awareness of safer tobacco alternatives.
What is the future of the e-cigarette market?
The online market is the leading contributor to global e-cigarette sales. In light of these, e-cigarette manufacturers will exploit online platforms to sell their products. It’s expected that most consumers will continue purchasing online due to the convenience.
Who are the consumers of e-cigarettes?
Male consumers dominated the e-cigarette market in 2019. About 53\% of tobacco smokers had tried vaping as of 2019. In general, more males had tried e-cigarettes than females. e-cigarettes will be significantly popular among young males as the switch to e-cigarettes continues in the coming decade.
What is the forecast period of e-cigarette industry research report?
Industry Insights. The global e-cigarette and vape market size was valued at USD 10,261.8 million in 2018 and is expected to grow at a CAGR of 24.9\% from 2019 to 2025. The industry is expected to gain traction over the forecast period.