U.S. E-Cigarette & Vape Market: Trends, Growth & Forecast (2023–2030)
U.S. E-cigarette & Vape Market Growth & Trends The U.S. e-cigarette and vape market is projected to reach USD 69.53 billion by 2030, expanding at a robust CAGR of 29.8% from 2023 to 2030, according to a recent report by Grand View Research, Inc. This accelerated growth is attributed to the rising popularity of e-cigarettes, particularly among the youth demographic, and the rapid expansion of vape shops across the United States. E-cigarettes and vape devices are increasingly adopted as alternatives to traditional tobacco smoking, largely due to growing health consciousness among consumers. As health concerns about conventional tobacco products intensify, e-cigarettes are viewed as a potentially safer option, prompting a behavioral shift among adult smokers and youth. The U.S. has one of the most developed distribution networks for e-cigarettes and vape products, enhancing accessibility and consumer reach. However,...