GITNUX MARKETDATA REPORT 2024

Must-Know Vaping Industry Statistics [Latest Report]

With sources from: grandviewresearch.com, statista.com, ibisworld.com, cdc.gov and many more

In this post, we explore key statistics and insights into the vaping industry. From market values and user demographics to regulatory measures and health implications, the data provides a comprehensive view of the evolving landscape of vaping products. Let’s dive into the numbers that shape this multi-billion-dollar industry.

Statistic 1

"In 2021, the U.S. vaping market accounted for nearly 40% of global vape sales."

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Statistic 2

"About 70% of vapers are males according to a 2020 survey."

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Statistic 3

"The global vaping market was valued at approximately $18 billion in 2020."

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Statistic 4

"More than 60% of adult e-cigarette users also smoke combustible cigarettes."

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Statistic 5

"The market for nicotine-free vaping e-liquids was valued at $1.2 billion in 2020."

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Statistic 6

"The use of vaping devices among adults aged 18-24 increased by 45% from 2016 to 2019."

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Statistic 7

"The average age of first-time e-cigarette users is around 16 years old."

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Statistic 8

"Over 80% of teen vapers use disposable e-cigarettes."

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Statistic 9

"The global e-liquid market is projected to reach $27.89 billion by 2027."

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Statistic 10

"Vaping was listed as a contributing factor in over 2,000 cases of lung injury by the end of 2019 in the U.S."

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Statistic 11

"The number of vapers worldwide was estimated to be around 55 million in 2021."

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Statistic 12

"China is the world's largest producer of e-cigarettes, accounting for over 90% of global production."

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Statistic 13

"Fruit flavors are the most popular choice among younger vapers."

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Statistic 14

"The e-cigarette and vaping industry in the UK grew by 15% year-over-year in 2021."

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Statistic 15

"The U.S. vaping industry generated approximately $6 billion in retail sales in 2020."

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Statistic 16

"Vaping products containing nicotine are regulated by the FDA as tobacco products."

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Statistic 17

"In 2019, Juul Labs held over 70% of the U.S. e-cigarette market share."

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Statistic 18

"Public health experts estimate that vaping is 95% less harmful than smoking traditional tobacco products."

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Statistic 19

"The Asia-Pacific region is expected to be the fastest-growing market for vaping products from 2020 to 2027."

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Statistic 20

"Approximately 3.6 million middle and high school students reported using e-cigarettes in 2020."

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Interpretation

The vaping industry has experienced significant growth and diversification in recent years, with the U.S. market emerging as a key player globally. While statistics show a strong market value and increasing popularity, concerns around youth usage and health implications remain prevalent. The data highlights the dominance of certain demographics and flavors in the market, as well as the regulatory landscape shaping the industry. As the industry continues to evolve, it is essential for stakeholders to address these complexities responsibly to ensure the long-term sustainability and societal impact of vaping products.

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