Just a few fun facts from a quick Google search.
The global e-cigarette and vape market size is estimated at USD 31.17 billion in 2024. Varying sources project and annual growth rate between 9.4% and 30.2% through 2030.
Key Market Trends & Insights:
North America dominates the global market with a share of over 44%
By product, the rechargeable segment accounts for the highest market share of over 40%.
By distribution channel, the retail store segment accounts for the highest market share of over 80%
Over 85% of products sold in the USA are illegal (No FDA approval.)
I’m most surprised at the retail store market share. I expect most everybody here on ELR never goes in a retail store.
