Key Industry Insights and Findings from the Nicotine Replacement Therapy Market Report

According to the analysis shared by our research analysts, the nicotine replacement therapy market is expected to grow at a CAGR of around 15.1% annually (2022-2028). The nicotine replacement therapy market was determined to be worth approximately $44.5 billion in 2021 through preliminary research and is expected to reach approximately $103.4 billion by 2028. The prevalence of smoking-related diseases and increasing government measures to support smoking, as well as increasing acceptance of e-cigarettes and heated tobacco are expected to favorably impact the development of the North American market. · The number of smokers complying with smoking bans in the region is on the rise, leading to stronger demand for products such as chewing gum and inhalers. In addition, smoking cessation rates in the United States are higher than in other countries, which has led to an increase in sales of these goods. According to a survey conducted by the Centers for Disease Control and Prevention (CDC), about 68 percent of Americans have decided to quit smoking. Hence, this is expected to increase product sales in the coming years. A major factor driving the growth of the global nicotine replacement therapy market is the rising awareness of smoking globally.

Cannabis industry may encounter inflation, retailers will raise prices by at least 10%

In the U.S., 70 percent of cannabis operators said they would try to absorb rising costs rather than raise prices. But 30% of cannabis operators plan to preemptively raise prices to prevent losses. While inflation has derailed many people's summer cross-country travel plans, the impact of rising prices could soon start to really hurt some. Cannabis and its many related products have so far largely shrugged off the double-digit growth seen in many edibles, from chicken to avocados - one analyst firm even reported that the growth in cannabis flower, edibles and vaping products Prices fell by 16.7%, 11.8% and 12.4% respectively between January 2021 and 2022. "Following two years of crisis and uncertainty following the global pandemic, cannabis financial operators find themselves navigating a new set of complications and business hurdles," the report reads. [But it`s not all bad news. Many operators have benefited from the surge in demand and have used this new windfall to develop ambitious growth plans.

Vape sellers want electronic cigarette products excluded from smoking bill

E-cigarette product sellers want the government to exclude their tools (e-cigarettes) and products from proposed laws aimed at ending smoking in the End of Generation (GEG) policy. The body representing sellers, the Malaysian vaping entity (Move), is pushing for exclusion because they believe their products and gadgets can actually help smokers quit.

Philippines: Pro-Consumer Vape Bill Becomes Law

The vaping regulation bill passed by the Philippine legislature in January has become law. The legislation makes the Philippines one of the very few Asian countries with reasonable vaping regulations designed to benefit people who smoke or would smoke when vaping products are not available. In January, the Philippine Senate overwhelmingly (19-2) passed the Vaporized Nicotine Products Control Act and quickly agreed with a version passed earlier by the House of Representatives. The bill has been the subject of intense debate since then, with significant lobbying by groups both for and against the law. After the bill was handed over to then-President Rodrigo Duterte on June 24, Philippine newspapers were full of stories about persuading Duterte and his successor, Ferdinand Marcos Jr. .) Signing or vetoing the bill. Presidents have 30 days to sign or veto a bill after receiving it. Neither side took any action, so the bill "lapsed" into law on July 25. It will come into force two weeks after being published in the country's official gazette (which hasn't happened yet). How will Philippine laws affect nicotine consumers? The most important aspect of the law is that it legalizes e-cigarettes as a strategy to help smokers reduce or eliminate health risks. More than 16 million Filipino citizens smoke. Giving them a government-approved, regulated alternative could save millions of lives. Neither the final Senate bill nor the settled version passed by both chambers can be read, making it difficult to pin down the exact details of the bill. The following details are mostly from Philippine news sites and sometimes conflict (at least about taste). When the final law is published, we will make changes to the article as needed. The law empowers the Department of Trade and Industry (DTI) to regulate e-cigarettes and heated tobacco products, which will develop technical standards for safety and quality

10 Things You Should Know Before Digging Into Disposable Vape

Some of the Disposable vape Device contains Nicotine Salt. Disposable E-Cigarettes have fruit flavor to choose. Disposable Vape pod puffs range 400 puffs from 10000 puffs. Disosable vape Puff xxl 1600 puffs hot sale in Europe now. Confirm your budget before vaping. Disposable vape is less harmpful than cigarettes vape. Disposable vape Device sometimes can be charged, like the Fluum Bar 6000 puffs. Disposable Vape Popular are Elf Bar 1500 Puff and Flum Float disposable vape. How to use a disposable vape device: just take the vape out of the package then deep breath and exhale the vapour. How to throw away a Disposable vape Pod:Disposable E-cigarette waste should should be taken safely to a hazardous waste facility.

WHY ARE DISPOSABLE VAPE DEVICE SO POPULAR?

Whenever you step out of the house, what is the most common thing you see apart from buildings, roads, trees, and vehicles? Yes, the answer is humans who are busy in their activities, either walking, running, gossiping, fighting, or enjoying. You might have seen some smoking or drinking too. And if you have noticed in the past few months, you have most likely seen them consuming disposable vape. Disposable Vapes are for single-use It has become popular among vapers these days. Its design is in such a way that you cannot use it later. It comes ready to vape and thrown away once consumed. Most devices need to be refilled, but these disposable vapes are different. It can only be used once. Unlike the refillable pod mods, disposable pods vaporizers possess two main characteristics. Neither can their batteries be recharged nor their pods can be refilled, and that`s how it is named. Despite a significant disadvantage of its ability to be used once, these are becoming more popular than those rechargeable pods day by day and for a good reason that makes it worth buying. It doesn`t require filling, cleaning, or any kind of maintenance. It`s just like take a puff, take pleasure in, repeat till it gets exhausted, then throw and buy a new one. Nowadays, cigarette popularity has declined, and vapes and Disposable Vape Eletronic Cigarettes are taking their places. Both youngsters and elders use it. Smokers trying to get rid of smoking and the youngsters who are getting familiar with nicotine are the most common users of this. It comes in many types, like box mods, pens, pod systems, and disposable vapes. It comes in a very different design than the traditional ones. It`s thicker than usual, sometimes colorful, and often shaped like a personal vaporizer or highlighter pen. Essenvape Disposable Vape Pod have more than 40 flavors of Nicotine salt to choose, with colorful fashion model vape .Bring

Why People Like E-Cigarettes So Much

You must have heard of e-cigarettes or electronic cigarettes that have become a hype nowadays. They are really popular among the youth and teenagers who wish to smoke, but do not like the flavor of traditional tobacco cigarettes. E-cigarettes are electronic devices that help you simulate smoking tobacco. They have several parts like an atomizer, a battery, and a flavor tank, and users inhale vapor instead of tobacco. Why Is E-Cigarette So Famous Among People?They have become a very trendy item, and it is quite often that you will see a young person with one. 1.Comes In Several Flavors E-cigarettes come in a variety of flavors, including exotic ones like Watermelon Ice, Raspberry Lemonade and Blackcurrant Cotton Candy among many others. For people who do not love the smell of burnt tobacco, or burning cigarettes, these flavors seem like a really great choice. They do not stay on clothes like most traditional cigarettes, and also feel refreshing. The best part about these fragrant and tasty flavors is that you do not feel uncomfortable and suffocating even if you are smoking them indoors. However, for safety reasons, it is recommended to always smoke outdoors or in a room with proper ventilation. 2. Helps Young People Look Cool In The Friend Circle There are many young people who feel smoking makes them look cool and trendy. However, they cannot stand the smell and odor of cigarettes, or the smell or raw burning tobacco. Most first-time smokers feel really uncomfortable and sick with the exhaled smoke from cigarettes. For them, e-cigarettes are a really great option. It has neither the stink, not the suffocating and irritating smoke. Furthermore, having an electronic cigarette with your makes your feel really cool among your friends. Everyone wants a taste of it, and who doesn`t like being the center of attention once in a while! Check out the wide range of cool a

Michigan signs a new bill raising the age of sale of vaping products to 21

According to reports, on July 21, local time, Michigan Governor Gretchen Whitmer signed 11 bipartisan bills, one of which was to raise the minimum age for tobacco sales from 18 to 21. Not only does the bill raise the tobacco buying age, it also prohibits anyone under the age of 21 from entering a tobacco store and prohibits the mailing of tobacco products to anyone under the age of 21. Products mentioned in the bill include cigarettes, cigars, vaping products and nicotine replacement products.

How to care for your E-Cigarettes in extreme heat

It`s safe to say this is a hot time to be in the UK. We`re currently seeing temperatures much higher than normal in the UK and although for some it`s a time for revelling, let`s face it, the UK isn`t built for heat. Let alone the British people, no matter how much we like the sun and mourn its passing once the rain hits, we also love to complain about it as we`re turning to lobsters in a beer garden somewhere. And much like the UK, there are some things that don`t handle heat well that you might overlook during the heatwave. Your E-Cigarette. Heat and electronics don`t mix well Vapes are electronic devices and should be treated with care as any other device that runs on batteries. Anything that runs on batteries doesn`t work well in extreme heat or direct sunlight – there`s a reason why laptops and computers have in-built fans! First off, most E-Cigarettes are made from metal which, when left in direct sunlight, can heat up. This potentially creates a burning risk when it comes to picking up your vape and touching searing metal with the palm of your hand. But the biggest problem is the heat contained within. Batteries don`t react well to heat or sunlight because of the lithium they contain. When batteries combine with extreme heat, we can have serious problems such as batteries leaking and worst-case scenario, they can explode from the heat. It's important to remember that this is extreme heat we are talking about, but there should still be care given to any lithium-battery-containing device. E-Cigarettes are safely used on a daily basis by millions of people and many cases of E-Cigarette failures have occurred due to poor care for the device, un-safe custom-made kits or rare malfunctions.

E-cigarette market is generally stable

Tobacco Category Feels the Impact of Inflation in Q2 Higher gas prices are also affecting the core tobacco consumer, according to a recent Goldman Sachs survey.Inflation in the United States in the second quarter reduces traditional cigarette consumption, and the e-cigarette market is generally stable According to the Goldman Sachs second quarter Nicotine Nuggets survey, higher gas prices and inflation started to take a toll on lower income/core tobacco consumers. "Overall, our contacts are incrementally cautious and highlighted that cigarette volume declines accelerated, downtrading pressure intensified and pricing power is softening in Q2 as increased pressure on low-income consumers is forcing them to make trade-off decisions," said Bonnie Herzog, managing director at Goldman Sachs. Nicotine Nuggets surveys retailer and wholesaler contacts represents approximately 75,000 c-store retail locations across the United States, or roughly half of the total channel. According to the quarterly survey, cigarette volume declines accelerated in the second quarter of 2022 reflecting increased pressure on low-income consumers forced to make trade-off decisions resulting in shifts to packs vs cartons, reduced tobacco purchase frequency and less store trips and lower spending per store trip on tobacco/nicotine products. Downtrading pressure intensified in the three-month period, with more than 70 period of respondents flagging this as a response to elevated retail gas prices, Herzog said. In addition, pricing power softening as consumers have less money to spend on tobacco purchases. "Approximately 65 percent of retailers noted manufacturers have less pricing power today than one-year ago, which is a marked shift from our previous surveys," she said, pointing out it is a sharp increase from an approximately 30-percent average in prior surveys. Looking at segments, Nico

What is the difference between freebase and Nic salts?

Starting off vaping, one of the best bits is the huge range of flavours you've got to choose from. However, before you get into that part, you need to make sure you're using the best type of e-liquid for your needs too. If you started off vaping with a mouth to lung vape pen or pod kit, chances are you were also using 50:50s or nic salts. If you`re still figuring out what`s what (and which one is best for you) we`re here to clear a few things up. WHAT`S IN A 50:50 FREEBASE E-LIQUID? The name 50:50 comes from the ratio of its two main ingredients - PG (propylene glycol) and VG (vegetable glycerine). PG is the ingredient that carries the flavour of your e-liquid and also gives you that [throat hit" feeling. VG is the part that creates more vapour and mellows out the throat hit a little too. Aside from that the other ingredients are just flavour and freebase nicotine. The strengths typically range from a very low level of 3mg and 6mg, to much higher levels like 12mg and 18mg. Freebase nicotine e-liquids are a little more slowly absorbed but also stay in your system a bit longer. WHAT`S IN A NIC SALT? Just like freebase, nic salts are also usually 50% VG and 50% PG. They also contain flavouring and nicotine but it`s the kind of nicotine here that`s different. Nicotine salts are a more neutral pH than the freebase nicotine found in 50:50s. Generally, they come in high nicotine strengths only - mostly 18mg or 20mg though more and more brands are offering a 10mg middle ground. They also absorb more quickly than regular freebase nicotine, meaning they`re great for ex-smokers who had a heavy habit. WHO SHOULD USE NIC SALTS VS FREEBASE? With the only real difference between the two coming down to nicotine type, it really comes down to what kind of experience you`d like from your vape. While PG offers a bit of a throat it, another factor to consider is the type of nicotine. Freebase nicotine is mo

UK e-cigarette market to grow to $1.2 billion by 2025

Recently, according to the report "UK Electronic Cigarette Market by Product and Distribution Channel - 2021-2025 Forecast and Analysis" released by market research agency Technavio, the UK electronic cigarette market will grow by 12.20% year-on-year in 2021, with a compound annual growth rate during the forecast period. Growth is 13% and is expected to grow to $1.2 billion in 2025. The market is segmented by product (modular e-cigarette, rechargeable e-cigarette, and disposable e-cigarette) and distribution channel (offline and online). The modular e-cigarette segment is expected to witness significant market share growth during the forecast period. The UK e-cigarette market is fragmented, and e-cigarette suppliers are deploying growth strategies such as product launches and business expansion to compete in the market, the report said. The safety of e-cigarettes compared to other tobacco products is driving the growth of the UK e-cigarette market. E-cigarettes release nicotine without burning tobacco. As such, they are considered less toxic and a safer alternative to traditional cigarettes. Smokers in the UK are turning to e-cigarettes to reduce the after-effects of smoking. Additionally, some players are working to reduce the amount of nicotine in their products. Our disposable vape like FUME EXTRA 1500puffs/FUME ULTRA 2500puffs/Puff XXL 1600 Puffs/Bang xxl/Elf box/Fluum Bar 6000 puffs/TUG BOAT EVO , with pure taste and high quality battery, help you win in vape business!

E-cigarettes could be made available through the NHS after the medicines regulator updated guidance for people who want to stop smoking.

The Medicines and Healthcare products Regulatory Agency (MHRA) said e-cigarette manufacturers can now submit products to go through the same regulatory approvals process as other medicines. This could mean that England becomes the first country in the world to prescribe e-cigarettes as a medical product but it requires approval from the National Institute for Health and Care Excellence (Nice). Health Secretary Sajid Javid said: "Opening the door to a licensed e-cigarette prescribed on the NHS has the potential to tackle the stark disparities in smoking rates across the country, helping people stop smoking wherever they live and whatever their background." Almost 64,000 people died from smoking in England in 2019 while there are still around 6.1 million smokers in the nation, according to figures given by the Department for Health. Professor Nick Hopkinson, a consultant physician at the Royal Brompton and medical director at Asthma UK and the British Lung Foundation, said: "There is already good evidence

Italy Will Reduce E-Liquid Tax April 1st

Italy is adjusting its e-liquid tax for the fourth time in four years, and this time the changes will favor vaping consumers. The new rates will take effect April 1, following final passage by the Senate in late February. The country has reduced the taxes on e-liquids to levels set in 2021 by repealing the scheduled increase that took effect in January 2022. The tax rate on e-liquids containing nicotine will decrease from €0.175 (U.S. equivalent: $0.19) per milliliter to €0.13, and the zero-nicotine e-liquid tax will fall from €0.13/mL to €0.08. There is constant uncertainty over vape tax rates in Italy, with the Parliament changing them seemingly at random in almost every new annual budget. Political leaders seem to have no sympathy for small businesses trying to plan for the future-or for consumers who simply want attractive products that help them avoid smoking. At the current tax rate, a 10 mL bottle of e-liquid (the legal maximum size in all EU countries) that starts out at €5.00 winds up costing a vaper over €8.00. Italian vapers have been on a price rollercoaster since 2014, when Parliament wiped out 75 percent of the country`s thriving legal vape industry with a tax that made vaping as expensive as smoking cigarettes. The €0.40/mL tax introduced in 2014-the highest in the European Union-almost doubled the price of e-liquid, and forced many vapers to find products on the black market or from illegal cross-border sellers. Some, of course, returned to cigarettes. Parliament also banned online sales within Italy. In less than three years, the once-powerful Italian vape industry shrank from 4,000 businesses (in a country of 61 million people!) to just 1,000. Finally, in 2019, pressure from vapers and the surviving vape industry persuaded legislators to correct their mistake and reduce the tax by 80 percent, to a far more reasonable €0.08 per mL for e-liquids containi

Global Disposable E-cigarettes Market

North America to Hold Major Share of the Global Disposable E-cigarettes Market North America accounted for largest share in the global disposable e-cigarettes market. Major players including R.J. Reynolds Vapor Company and Philip Morris International Inc. are operate in this market. Moreover, rising adoption of the product among millennial and generation X is expected to boost the market growth. The trend of vaping is increasing simultaneously in both the U.S. and Canada. The market in Europe is expected to expand at a higher pace. Adoption rate of disposable e-cigarettes is significantly high in the U.K., France, and Germany. Demand for fruit flavored e-cigarettes is also significantly gaining popularity in this region.

WHAT IS AN E-CIGARETTE?

E-cigarettes are devices that operate by heating a liquid solution to a high enough temperature so that it produces an aerosol that is inhaled. Solutions, sometimes called e-liquids, almost always include nicotine, flavoring and a humectant, such as propylene glycol, to retain moisture and create the aerosol when heated. Older generations of e-cigarettes used a form of nicotine called free-base nicotine. The most recent generation of e-cigarettes on the market, which include pre-filled pod systems like JUUL, refillable systems like Suorin Drop and Kandypens, and disposable systems like Puff Bar, use nicotine salts in the e-liquids. The nicotine salt formulas allow for much higher levels and efficient delivery of nicotine with less irritation compared to earlier generations of e-cigarettes ,like Elux legend, hyde disposable vape, bang xxl series contains Nicotine salt. Higher nicotine e-cigarettes have driven the surge in e-cigarette sales in recent years, with those containing at least 4% nicotine comprising nearly three-quarters of the e-cigarette market in 2018. Unlike in Europe, where e-cigarette nicotine concentrations cannot exceed 2%, there are no nicotine concentration restrictions in the United States.

The New Flum Float Disposable Vape pen

The Flum Float Disposable Vape The Flum Float Disposable Vape is the latest disposable vaping device to hit the market. It features a unique rounded design that makes it comfortable to hold and comfortable to use. The device features a cylindrical housing that is quite capable of housing a large battery and vape juice capacity, which makes for a higher puff count. It sports an integrated 1100mAh battery, ensuring both long sessions and great performance throughout use. It has an 8mL vape juice capacity, so you can expect upwards of 3000 puffs per unit. The longer sessions and higher puff count will surely make you enjoy this device even more. The device is filled with 50mg of salt nicotine and shares a wide variety of flavors, such as mixed berries and the most refreshing cool mint. If you`re looking for a solid and flavorsome vaping experience, you should definitely give the new Flum Float Vape a try. Flum Float Disposable Vape Flavors Mixed Berries Delivering a satisfying taste, Mixed Berries will surely become one of your next go-to blends. It gives you a delightful taste experience, boasting a range of berry flavors that will surely entice your taste buds. If you want something that is super satisfying and will keep you pleased, this is definitely the mix to try flum float. Lush Ice Offering up a flavorsome taste with every puff that you take, Lush Ice will definitely become one of your all-time favorites. It brings you a delicious watermelon flavor, which combines with a frigid menthol to create yet another all-day vape that you can add to your collection of flum float disposable vapes. Red Bang Whether you`re looking for a new vape to add to your collection or you just got to have that classic energy drink flavor, Flum Float Red Bang will most certainly provide you with a thrilling taste t

Electronic cigarettes better than nicotine replacement therapy to help people quit smoking

Electronic cigarettes could increase the number of people who stop smoking compared to nicotine replacement therapy – such as chewing gum and patches – according to research involving the University of East Anglia. new Cochrane review published today also shows that e-cigs help people stop more than just quitting smoking without any treatment. he research team updated a Cochrane Review that compares the effects of electronic cigarettes with other ways of delivering nicotine – such as patches and chewing gum – or with dummy electronic cigarettes that do not contain nicotine or no treatment. This updated review now includes 50 studies, an increase of 35 studies since it was last published in 2016. Twenty-four of these are uncontrolled studies, but their results support the data from the randomized controlled trials. The researchers identified three studies, in 1498 people, that compared nicotine-containing electronic cigarettes with nicotine replacement therapy given as patches or gum. The results showed that more people quit smoking if they used electronic cigarettes containing nicotine than if they used another form of nicotine replacement. If six people in 100 quit by using nicotine replacement therapy, 10 people in 100 would quit by using electronic cigarettes containing nicotine. This means an additional four people in 100 could potentially quit smoking with nicotine containing electronic cigarettes. Similar results were seen in another three studies, involving 802 people, which compared nicotine-containing electronic cigarettes with electronic cigarettes that did not contain nicotine. Evidence from four studies (2312 people) showed that more people who used nicotine-containing electronic cigarettes quit smoking than those who received only behavioral support or no support. If four people in 100 quit with no support, an additional six people in 100

Disposable vape e-cigarette market

The global e-cigarette market is projected to grow at a CAGR of 16.90% during the forecast period (2022-2027). Regular smoking is linked to a number of severe diseases. The World Health Organization stated that the smokers were more likely to get affected by COVID-19, than the non-smokers. Additionally, in the United States, the COVID-19 pandemic had far-reaching consequences in the consumption of e-cigarettes. A study conducted by the Gaiha University showed that nearly 56.4% of the young American population reported change in their e-cigarette use since the beginning of the COVID-19 pandemic. Furthermore, one-third of youth quit vaping, and another one-third reduced their use of e-cigarettes, with the remaining youth either increasing their use or switching to other nicotine or cannabis products. Thus, the study finding depicts that higher nicotine dependence, e-cigarette use frequency, poor online age verification, and several other factors were associated with sustained use of e-cigarette products. Over the medium term,there has been rising awareness regarding the health hazards associated with smoking. This resulted in high demand for alternatives to traditional cigarettes, such as e-cigarettes. Furthermore, rechargeable e-cigarettes have been well received by consumers, aided by their higher levels of flexibility, as compared to their single-use counterparts. As disposable e-cigarettes offer cost-effective solutions to the new range of consumers who are looking to test e-cigarettes, the rechargeable e-cigarettes heavily outweigh the cost difference, in the long-term. The growth opportunity for the sales of e-cigarettes through online channels made online vendors to improve purchase processes, in terms of security and reliability, which, in turn, propelled the demand for these products. With the growing popularity of vaping devices, flavor and fragrance vendors are introducing a wide variety of e-liquids to attract

electronic cigarettes Regional Insights

Regional Insights North America dominated the global market with a share of over 40% in 2021. The social media presence of major industry players is widely used for selling e-cigarettes and vaping products. The young population has largely adopted vaping devices as a safer alternative to tobacco, which is expected to boost the adoption of the product. However, the current ban on some e-cigarette flavors, including fruit and mint flavors, in the United States to limit underage vaping in the country is expected to stifle market growth in the region to some extent. Given that most e-cigarettes are imported from other countries, such as China. Furthermore, customers find it more convenient to purchase e-cigarettes in bulk via online platforms, which is expected to drive Asia Pacific regional market growth. Over the forecast period, the European regional market is expected to grow significantly. The region's health bodies approve e-cigarettes and vaping from disposable vape, rechargeable vape pen.

Disposable vape Distribution Channel

Distribution Channel Insights The retail store segment accounted for the highest market share of over 84% in 2021. Earlier, e-cigarettes were sold in retail outlets such as vape shops and gas stations. These shops assisted customers in selecting from a wide range of devices and e-liquids. Furthermore, vape shops allowing customers to try out and test these devices before making a purchase decision is expected to drive the retail store segment growth over the forecast period.

E-cigarettes trend product insight

Product Insights The rechargeable segment accounted for the highest market share of over 40% in 2021. The adoption of rechargeable devices is expected to increase as they tend to be affordable and eliminate the need to re-purchase supplies, such as cartridges. Also, customers making DIY e-liquid need not purchase pre-filled cartridges. Seasoned vapers particularly find it economical to purchase rechargeable e-cigarettes. Also, rechargeable e-cigarettes produce less smoke and can be charged in the USB port, thus are becoming popular among youth in many key countries. The modular devices segment is anticipated to register a significant CAGR over the forecast period. The key demand factor is that these devices offer high-level customization options to combine different features and parts. These parts and components alter the flavor and the amount of vapor generated from the device, depending on personal requirements. Various vaping events, such as vape conventions and competitions, are organized regularly in North America, thereby stimulating the demand for modular devices in the region. The disposable vape also in high demand trends in 2021.

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. The rising awareness about e-cigarettes being safer than traditional cigarettes, especially among the younger population, is anticipated to further drive the market growth due to various studies carried out by medical institutions and associations. The array of customization features such as temperature control and nicotine concentrations offered by the vendors is expected to aid the product demand. Moreover, developing e-cigarette technologies such as pod systems and disposable vape mods have increased popularity in recent years and user adoption.