United States E-cigarette and Vape Market Growth, Size, Trends Analysis- By Product, By Distribution Channel- Regional Outlook, Competitive Strategies and Segment Forecast to 2033
United States E-cigarette and Vape Market Introduction and Overview
According to SPER Market Research, ‘United States E-cigarette and Vape Market Size- By Product, By Distribution Channel – Regional Outlook, Competitive Strategies and Segment Forecast to 2033’ state that the United States E-cigarette and Vape Market is predicted to reach USD 162.03 Billion by 2033 with a CAGR of 30.08%.
E-cigarettes, also referred to as vapes, are electronic devices designed to deliver flavor, nicotine, and other chemicals as an aerosol, or “vapor.” Propylene glycol, nicotine, vegetable glycerin, and flavorings are typically found in them. They function by heating a liquid, sometimes referred to as e-liquid or vape juice, into vapor that users inhale. Many people think that because e-cigarettes and vapes don’t burn tobacco to produce smoke, they’re a safer alternative to traditional cigarettes.
The COVID-19 pandemic has a major direct and indirect effect on the US e-cigarette and vape sector. Sales plummeted in the early stages of the outbreak as lockdowns and other measures limited store access and changed consumer buying habits. Due to economic instability and financial hardship, many consumers reduced their use of e-cigarettes and other vaping goods.
Scope of the Report: Report Metric Details
Market size available for years 2020-2033
Base year considered 2023
Forecast period 2024-2033
Segments covered By Product, By Distribution Channel
Regions covered Eastern region, Western region, Southern region, Northern region.
Companies Covered Reynolds American Inc., Imperial Brands, Altria Group Inc., Japan Tobacco Inc., British American Tobacco, NicQuid, Shenzhen IVPS Technology Co., Ltd., Shenzhen KangerTech Technology Co., Ltd., Philip Morris International, International Vapor Group.
United States E-cigarette and Vape Market Segmentation:By Product: Based on the Product, United States E-cigarette and Vape Market is segmented as; Disposable, Rechargeable, Modular Devices.
By Distribution Channel: Based on the Distribution Channel, United States E-cigarette and Vape Market is segmented as; Online, Retail Store.
By Region: This research also includes data for Eastern region, Western region, Southern region, Northern region.