Arizton Research: Global Vape Market to Exceed $60 Billion by 2025
On May 7, according to research and analysis from consulting and intelligence firm Arizton, global vape market revenue is expected to 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 590% absolute growth, with revenue surging by $49 billion.
2. Driven by shifting preferences toward next-generation smoking products and demand for heated tobacco 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 a high compound annual growth rate of about 6%.
Arizton is an innovation- and quality-focused consulting and intelligence company. Its 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.
