Can You Still Make Money in the Vape Industry in 2019?

Can you still make money in the vape industry in 2019? The e-cigarette market experienced rapid growth in 2018, with many countries openly embracing e-cigarettes. However, the European and American markets still dominate. Let's take a look at the rankings.

1. United States: $8.5 billion 2. United Kingdom: $2.12 billion 3. France: $760 million 4. Germany: $720 million 5. Czech Republic: $670 million. The top five are all occupied by European and American markets, with the United States having a market valuation of $8.5 billion. Last year, a significant news story in the e-cigarette industry was JUUL receiving a $12.8 billion investment from Altria (the parent company of Marlboro), indicating that the U.S. e-cigarette market has been developed, with a penetration rate of 13%.

The UK government strongly supports e-cigarettes, hoping smokers will switch to vaping, which has led to a significantly faster transition from traditional cigarettes to e-cigarettes compared to other European countries. There are over 3.2 million e-cigarette consumers in the UK. The French e-cigarette market rebounded in 2018, mainly reflected in the opening of physical stores, with an average of over 300 new e-cigarette stores opening each year. If it weren't for the Czech Republic, China would rank in the top five. The reason the Czech Republic has emerged is that the use and advertising of e-cigarettes are unrestricted, allowing for normal promotion and increasing the number of e-cigarette consumers through advertising effects.
6. China: $580 million 7. Russia: $504 million 8. Netherlands: $460 million 9. Canada: $350 million 10. Malaysia: $160 million. It is important to note that China ranks sixth due to its e-cigarette market penetration rate being less than 1%. Although the growth rate of China's e-cigarette market has been significant in recent years, it is still in its infancy compared to the domestic tobacco market, which has over 300 million smokers. Notably, the national standards for e-cigarettes are currently under review and management mechanisms are being continuously improved.
In 2018, the development of e-cigarettes in China faced many obstacles, such as the "Hong Kong smoking ban" and "toxic seven times" which had a significant impact on e-cigarettes. These voices of doubt have led more people to understand e-cigarettes better. Articles like "People's Daily dispels the toxic seven times rumor" and "the state formulates e-cigarette standards" show that e-cigarettes have withstood the test. The rapid development of the market in 2018 is also closely related to the popularity of heated tobacco products. Various local tobacco companies have entered the heated tobacco market, with products launched in 2018 from Sichuan Tobacco, Anhui Tobacco, Guangdong Tobacco, Yunnan Tobacco, etc., and have received good reputations overseas.

Why did tobacco companies choose heated tobacco? This is because heated tobacco combines the concept of healthy smoking with the retention of traditional cigarette flavors, aligning with the trends of the times and development concepts. The entry of tobacco companies into the market also signifies an irreversible trend.
In 2019, it will be an even brighter year. The development of e-cigarettes will not stop, and heated tobacco will have a larger market. Once national standards are established, it will filter out some inferior products and companies, leading to a larger and more orderly market.

Friends who want to make a big splash in the e-cigarette industry in 2019 are welcome to join in for a big venture! If interested, you can add WeChat: vapeos or call for consultation: 17682343645.