Electronic devices known as e-cigarettes or vapes are made to transmit nicotine, flavor, and other substances in the form of an aerosol, or "vapor." Usually containing nicotine, propylene glycol, vegetable glycerin, and flavorings, they work by heating a liquid (also known as e-liquid or vape juice) into vapor that users inhale. Many people believe that e-cigarettes and vapes are a less dangerous option to smoking than regular cigarettes because they don't entail burning tobacco to produce smoke. Reusable tanks, pod systems, and disposable e-cigarettes are some of the different types of devices available.
United States E-cigarette and Vape Market Driving Factors and Challenges
Drivers: Due to the reason that vape mods and e-cigarettes do not contain tobacco; their use is growing quickly. These gadgets are viewed by the majority of Americans as a means of quitting smoking. In place of smoking, some people are switching to e-cigarettes and vape mods. Also, a significant percentage of the population views these devices as a superior choice because they are available in both nicotine and non-nicotine forms.
Furthermore, the market is expanding since it is safer than other tobacco products. Smoking tobacco products can lead to a number of health issues, including as cancer, heart problems, and respiratory disorders. In actuality, six million people die each year as a result of tobacco use. Experts are pushing more and more people who are passive smokers to switch to vaping. These products contain less nicotine, which reduces the risk of addiction.
Challenges: There are a number of obstacles facing the US e-cigarette and vape sector, such as ambiguous regulations, health issues, and changing consumer preferences. Since flavored vapes are particularly appealing to youngsters and may pose health hazards, the Food and Drug Administration (FDA) has been stepping up its regulation of e-cigarette products. This has resulted in a patchwork of federal, state, and municipal rules that drive up compliance costs for producers and distort market dynamics. Concerns about vaping's long-term health impacts have also been heightened by current studies, which may affect consumer demand and trust.
Impact of COVID-19 on United States E-cigarette and Vape Market
The US e-cigarette and vape market is significantly impacted by the COVID-19 outbreak, both directly and indirectly. Early in the outbreak, sales fell sharply as consumers' purchasing patterns shifted and store access was restricted by lockdowns and other measures. Many people cut back on their usage of e-cigarettes and other vaping products as a result of financial difficulty and economic uncertainty. Furthermore, a number of consumers modified their habits because they were worried about the potential for smoking and vaping to worsen COVID-19 symptoms, particularly when respiratory issues are present. However, when e-commerce sales of vaping products expanded, the impact was largely mitigated by the rise in online shopping.
United States E-cigarette and Vape Market Key Players:
The market study provides market data by competitive landscape, revenue analysis, market segments and detailed analysis of key market players are; 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.
This study also encompasses various drivers and restraining factors of this market for the forecast period. Various growth opportunities are also discussed in the report.