US E-Cigarette and Vape Market Size, Share and Trend Analysis Report by Product, by Component, by Distribution Channel and Segment Forecasts, 2021
US E-Cigarette and Vape Market Size, Share and Trend Analysis Report by Product (Disposable, Rechargeable), by Component (E-Liquid, Vape Mod), by Distribution Channel and Segment Forecasts, 2021-2028.
New York, September 23, 2021 (GLOBE NEWSWIRE) – Reportlinker.com announces the release of US E-Cigarette and Vape Market Size, Share and Trend Analysis Report by Product, by Component, by Distribution Channel and Segment Forecast report, 2021-2028 “- https://www.reportlinker.com/p06020576/?utm_source=GNW
US e-cigarette and vape market growth and trends
The US e-cigarette and vape market is expected to reach $ 40.25 billion by 2028. A CAGR of 27.3% is expected from 2021 to 2028. Various factors such as the rapid growth of US vape shops and the increasing popularity of e-cigarettes among the young population is expected to drive market growth over the forecast period. E-cigarettes and vape mods are increasingly being used by users as a substitute for smoking traditional cigarettes.
Significant growth in the market is expected due to the increasing health concerns associated with the use of conventional tobacco cigarettes. The United States has the broadest distribution network for e-cigarettes and vape mods for sale. However, the new tax regulations between the states in the country are expected to pose potential threats to market growth during the forecast period.
Users all over the world are focused on using personalized vaporizers. These vaporizers allow a great deal of customization that allows the user to keep track of battery strength, amount of vapor, and amount of nicotine consumed.
The rapid increase in the number of available flavors that can be used to fill the cartridge is expected to fuel market growth over the forecast period.
In the US, the increased use of flavored electronic cigarettes among high school students is expected to fuel market growth. Tobacco-related cancer cases are increasing in the United States. As a result, users are looking for alternatives to tobacco smoking, thereby driving market growth.
US E-Cigarette and Vape Market Report Highlights
• The modular equipment segment is expected to be the fastest growing segment over the forecast period as these equipment are known for their high steam production. In addition, these devices can be constantly refilled by users
• An increasing shift in consumer preferences from traditional smoking to e-cigarettes and e-liquids is expected to drive growth in the e-liquid segment over the forecast period. To ensure that e-liquids are safe to use in e-cigarettes, e-liquid manufacturers are working with researchers to improve safety standards
• The online sales channel segment is expected to be the fastest growing segment in the forecast period. Numerous players around the world are planning and running online advertising campaigns that are attracting the attention of the youth as e-cigarette and vape grow as a trend in the extensive social media influencer community
Read the full report: https://www.reportlinker.com/p06020576/?utm_source=GNW
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