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

Can the e-cigarette industry still make money in 2019? In 2018, the e-cigarette market developed rapidly, with significant growth, and many countries opened up to 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 U.S. market valued at $8.5 billion. A major news item last year was JUUL being invested in by Altria (the parent company of Marlboro) for $12.8 billion, indicating that the U.S. e-cigarette market has been developed, with a penetration rate of 13%.

The UK has received strong support from the government for e-cigarettes, which hopes to encourage smokers to switch to e-cigarettes. This has led to a significantly faster transition from traditional cigarettes to e-cigarettes in the UK compared to other European countries, with 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. Why has the Czech Republic emerged? Because in the Czech Republic, 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’s 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 just beginning, facing a domestic tobacco market with over 300 million smokers. Notably, the national standards for e-cigarettes are currently under review and management mechanisms are continuously being 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, with articles from People’s Daily debunking the “toxic seven times” rumor and the government formulating e-cigarette standards. The rapid development of the market in 2018 is also closely related to the popularity of heated tobacco products, with various local tobacco companies entering the heated tobacco market, including Sichuan Tobacco, Anhui Tobacco, Guangdong Tobacco, and Yunnan Tobacco, which have all received good reputations overseas.

Why did the 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 trend 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.

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