E-Cigarettes - G20
G20- In 2024, the revenue in the E-Cigarettes market in the G20 countries amounts to a staggering US$21.8bn.
- This market is projected to experience a steady annual growth rate of 3.66% between 2024 and 2029 (CAGR 2024-2029).
- When compared globally, United States leads the pack in terms of revenue generation, with a significant amount of US$9bn in 2024.
- This indicates the strong presence and dominance of the United States in the E-Cigarettes market within the G20 countries.
- To put things into perspective, in 2024, each person in the G20 countries generates a per capita revenue of US$7.16.
- This figure represents the amount of revenue generated per individual in relation to the total population.
- In the United States, the e-cigarette market is experiencing a surge in popularity among younger consumers, fueled by the appeal of trendy flavors and sleek designs.
- Key regions:
- Worldwide,
- Germany,
- Russia,
- China,
- Indonesia
Definition:
E-cigarettes or Electronic Nicotine Delivery Systems (ENDS) are devices that heat a liquid containing nicotine to create an aerosol which can be inhaled by the user. These products vary largely in size, function, and price, from low-cost disposable cig-a-like e-cigarettes to relatively expensive refillable tank devices. Introduced as an alternative tobacco product, e-cigarettes are mostly consumed in North America and Europe, whereas they are banned or strictly regulated in many countries in Central and South America as well as in Asia.
Both devices and their contents (e.g., e-liquids, vaping pods, nicotine salt) are included in the analyses. Unlike combustible tobacco products, the tobacco contents and the prices of different kinds of e-cigarette products are not directly comparable, therefore, the volume and price data are not displayed.
Due to a ban either on the entire segment or on nicotine-containing products, the following countries are excluded: Argentina, Australia, Bahrain, Bhutan, Brazil, Brunei Darussalam, Cambodia, Colombia, Gambia, India, Iran, Japan, Jordan, Kuwait, Lebanon, Malaysia, Mauritius, Mexico, Nepal, Nicaragua, Norway, Oman, Panama, Qatar, Saudi Arabia, Seychelles, Singapore, Sri Lanka, Suriname, Tajikistan, Thailand, Timor-Leste, Turkey, Turkmenistan, Uganda, Taiwan, Hong Kong and Uruguay.
Additional information:
The market comprises revenue, average revenue per capita, and sales channels.
For more information on the displayed data, please use the info button right next to the boxes.
In-Scope
- Disposable e-cigarettes such as Elf Bar BC5000, ZOVOO DRAGBAR B5000, etc
- Rechargeable vaping devices (e.g., vape pens, pod vapes, vape mods) such as JUUL vape pens and pods, myblu vape mods, etc
- E-liquids, vaping pods, and nicotine salt such as JUUL vaping pods
Out-Of-Scope
- Untaxed e-cigarette devices and contents which are sold illegaly
- CBD liquids such as Strawberry CBD liquids, Cherry CBD liquids, etc
- Heat-not-burn products such as IQOS and smokeless tobacco (snuff and chewing tobacco) such as Oliver Twist Arctic Chewing Tobacco, Oden’s Original Portion CB – Single Tin, etc
- Decorative accessories for e-cigarettes such as cases
- Combustible tobacco products (cigarettes, cigars, and smoking tobacco)
