Got some interesting numbers to share about our community. You might find this cool or maybe even surprising.
So, in 2024, it’s expected that the cash flow in the US e-cigarette market is going to reach a whopping $8.8 billion. That’s a lot of vape juice and mods, right?
And get this, the growth isn’t stopping anytime soon. We’re talking about an annual growth rate of almost 6% from now till 2029. Looks like we’re not the only ones loving our vapes.
It’s pretty wild when you think about it – out of all the places worldwide, it’s the US that’s leading the pack in e-cig sales for 2024. We’re contributing big time to that $8.8 billion.
Breaking it down to a personal level, on average, they say each person is going to account for around $29.21 of the industry revenue in 2024. Makes me wonder how much of that is just my own spending on vape gear!
This jump in the market is probably because loads of us are looking for something less harmful than traditional smokes. It’s nice to see people catching on to the fact that there are other options out there.
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