The vaping industry has seen tremendous growth over the past few years. As more people switch to vaping as an alternative to smoking, the industry has seen a huge surge in popularity. With this surge in popularity, more and more people are interested in learning more about the industry and its statistics.
In this article, we’ll be taking a look at some of the most interesting and important statistics related to the vaping industry. We’ll be looking at the size of the industry, the types of products available, the demographics of vapers, and more.
Vaping Industry: Most Important Statistics
59% of US adults in 2019 were aware of illnesses related to e-cigarettes and vaping.
35% of adults aged 65+ oppose a ban on the sale of e-cigarettes.
Vaping Industry: Statistics Overview
The E-Cigarette segment is expected to reach US$24.61bn in 2023 and grow annually by 3.44% CAGR 2023-2027.
This is the potential growth of the e-cigarette market and the potential for businesses to capitalize on this growth. It indicates that the vaping industry is growing and that there is potential for businesses to benefit from this growth.
This statistic is also important because it provides insight into the potential size of the vaping industry in the future and can be used to inform decisions about investments and strategies.
The global e-cigarette and vape market size was valued at USD 22.45 billion in 2022 and is projected to grow at a CAGR of 30.6% from 2023 to 2030.
The market is expected to experience significant growth in the coming years. This indicates that the industry is likely to remain profitable and that there is potential for further expansion.
It also indicates that the industry is likely to remain competitive, as more companies enter the market and existing companies expand their operations.
24% of 18-29 year olds in the US reported using e-cigarettes in October 2019, compared to only 3% of 50-64 year olds.
E-cigarettes are more popular among younger generations, and that the industry should focus their marketing efforts on this demographic in order to maximize sales.
62% of Boomers prefer smoking tobacco cigarettes over vaping or both, as of 2018.
The Boomer generation has a higher preference for traditional tobacco cigarettes over vaping, which could potentially affect the success of the vaping industry.
The Northeast and Western regions of the US accounted for 38% of e-cigarette sales in 2020, while the Southwestern region accounted for only 7%.
This provides insight into the regional breakdown of e-cigarette sales. This information can be used to inform marketing and sales strategies, as well as to identify potential areas of growth for the industry.
In 2019, e-cigarette and vaping sales in China totaled 22.1 million units, while Taiwan only reached 1 million units.
China is a much larger market than Taiwan, and the difference in sales between the two countries demonstrates the potential for growth in the Chinese market.
This can be used to inform decisions about where to focus marketing efforts and investments in the vaping industry.
59% of women in the U.S. preferred smoking tobacco cigarettes in 2018.
There is still a large portion of the population that is not using vaping products, and that there is potential for growth in the industry.
11% of females and 12% of males habitually vaped tobacco products in 2018.
Vaping is not just a male-dominated activity, but that women are also engaging in the habit. This information is important for the vaping industry to understand the demographics of their customer base and to tailor their marketing and product offerings accordingly.
59% of US adults in 2019 were aware of illnesses related to e-cigarettes and vaping.
The public is aware of the potential health risks associated with e-cigarettes and vaping, which could impact the future of the vaping industry.
35% of adults aged 65+ oppose a ban on the sale of e-cigarettes.
A significant portion of the population is against a ban on e-cigarettes, which could influence policy decisions and the future of the vaping industry.
Supplementary Statistics
The global e-cigarette and vape market size was valued at $15.7 billion in 2020,
The vaping industry has become a major player in the global market, with a value of $15.7 billion in 2020. This figure is a clear indication of the industry’s success and its potential for further growth in the future.
By 2025, the e-cigarette and vape market is expected to have a compound annual growth rate of 28%,
The market is expected to grow exponentially in the next few years, making it an attractive investment opportunity for those looking to capitalize on the trend. This could mean more jobs, more products, and more money flowing into the industry, all of which could have a positive impact on the economy.
North America accounted for the largest share of the vape industry at 43.8% in 2019,
It demonstrates that the region is a major player in the industry, and its decisions and trends have a significant impact on the global vaping market. This statistic is a valuable insight into the vaping industry and its future prospects.
The U.S. vape market will be worth $47.1 billion by 2025,
Thus, the vaping market is growing rapidly and is expected to reach a staggering $47.1 billion by 2025. This is a clear indication that the vaping industry is a lucrative and profitable venture, and one that is likely to continue to expand in the coming years.
As of 2020, 27.5% of high school students and 10.5% of middle school students in the US reported using e-cigarettes,
This statistic is a stark reminder of the prevalence of e-cigarette use among young people in the US. It highlights the need for further research into the effects of vaping on adolescents and the need for more effective measures to reduce the use of e-cigarettes among this age group.
E-cigarettes were the most commonly used tobacco product among US youth for the 6th consecutive year in 2020,
This highlights the importance of educating young people about the potential health risks associated with vaping, and the need for stronger measures to protect them from the dangers of nicotine addiction.
In 2018, the e-cigarette manufacturer JUUL held a 72% market share in the US,
It demonstrates the company’s dominance in the market, and the impact it has had on the industry as a whole. It is a clear sign that JUUL has become a major player in the vaping industry, and its success has had a ripple effect on the industry.
Approximately 68% of adult e-cigarette users in the U.S. are dual users (smoking combustible cigarettes and using e-cigarettes),
The majority of adult e-cigarette users are using both combustible cigarettes and e-cigarettes, indicating that the vaping industry is having an impact on the smoking habits of adults in the U.S. This is an important statistic to consider when discussing the vaping industry and its impact on the smoking habits of adults in the U.S.
Worldwide, there are around 41 million e-cigarette users,
The vaping industry is thriving and that it is here to stay. This statistic is a clear indication that the vaping industry is a major player in the global market and is likely to continue to grow in the future.
As of 2016, 47% of adult e-cigarette smokers in the U.S. said that they were trying to quit smoking traditional cigarettes,
Nearly half of adult e-cigarette smokers in the U.S. are actively trying to quit traditional cigarettes, suggesting that vaping may be an effective way to help people kick the habit. This is an important insight for anyone interested in the vaping industry, as it indicates that there is a large and growing market for vaping products.
The U.K. had 3.6 million e-cigarette users in 2019,
This speaks to the increasing demand for vaping products and the potential for the industry to expand in the future. It also highlights the potential for the industry to create jobs and generate revenue for the U.K. economy.
The e-cigarette market in India is expected to grow at a CAGR of 25% from 2021 to 2026,
The market is expected to experience a significant growth in the coming years, which could be a boon for businesses in the sector. This could lead to more investment opportunities, increased job creation, and a larger customer base. Ultimately, this statistic is a sign of the bright future of the vaping industry in India.
Around 64% of e-cigarette users in the UK are male, and 36% are female,
The majority of e-cigarette users are male, suggesting that the industry is skewed towards male customers. This could have implications for the marketing strategies of e-cigarette companies, as well as the types of products they offer. It could also be indicative of a wider gender gap in the vaping industry, which could be explored further.
About 95% of e-cigarette users in the UK are former smokers,
Most e-cigarette users are former smokers, suggesting that vaping is an effective tool for helping people quit smoking. This is an important statistic for anyone interested in the vaping industry, as it demonstrates the potential of vaping to help people quit smoking and improve their health.
In 2017, China was the largest producer of e-cigarettes, producing around 1.7 billion units,
The vaping industry is a rapidly expanding market, with China leading the way in production. This is significant as it shows that the vaping industry is becoming increasingly popular and is likely to continue to grow in the future.
Worldwide sales of vaping liquids reached an estimated $4.8 billion in 2019,
Vaping liquids have become increasingly popular, with sales reaching an estimated $4.8 billion in 2019. This indicates that the vaping industry is a lucrative and rapidly expanding market, making it an attractive option for investors and entrepreneurs.
The open system e-cigarette market is expected to witness a CAGR of 32.8% from 2021 to 2028,
This is a clear indication that the vaping industry is on the rise and is likely to remain a major player in the market for years to come.
Conclusion
The vaping industry is an ever-growing and ever-evolving industry. With the number of vapers increasing every year, the industry is projected to continue to grow in the coming years.
The statistics show that the industry is growing rapidly and is expected to reach $47.11 billion by 2025. While there are still some concerns about the safety of vaping, the industry is still growing and is projected to continue to do so in the future.
References
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