Arizton: Global Vape Market to Exceed $60 Billion by 2025

News on May 7: According to research and analysis by consulting and intelligence firm Arizton, global vape market revenue will exceed $60 billion from 2020 to 2025, growing at a compound annual growth rate of about 15%.

Key research highlights:

1. Between 2015 and 2025, the global vape market will achieve absolute growth of 590%, with revenue surging by $49 billion.

2. Driven by shifting preferences toward next-generation smoking products and demand for heated tobacco products among smokers, total revenue from vape products will exceed $57 billion by 2025.

3. During the period from 2019 to 2025, the market will grow at an approximately 6% high compound annual growth rate.

Arizton is an innovation- and quality-driven consulting and intelligence company whose research mainly covers industries such as consumer goods and retail technology, automotive and mobility, smart technology, healthcare and life sciences, industrial machinery, chemicals and materials, IT and media, logistics, and packaging.