Global Vape Market Expected to Grow at 28% CAGR From 2023 to 2030, Reaching $8 Billion

The global e-cigarette market is expected to expand rapidly from the current US$1.4 billion to around US$8 billion.

According to the latest published data, the global e-cigarette market is projected to maintain strong growth at an impressive compound annual growth rate of 28% from 2023 to 2030.

The global e-cigarette market is expected to grow quickly from its current size of US$1.4 billion to approximately US$8 billion.

One of the key drivers behind this trend is the continued rise in consumers’ disposable income, making them more likely to invest in premium vaping devices. This, in turn, is fueling growth in the market for e-cigarette products that offer superior features, refined design, and a comprehensive user experience.