Vape sales in US have increased by nearly 50% in three years

The sales of vapes in the United States have increased by nearly 50% in three years, and the industry structure may be reshaped.

According to the US CDC data, the sales of vapes in the US increased from 15.5 million in January 2020 to 22.7 million in December 2022, an increase of nearly 50% in three years. Two sets of HNB production facilities are expected to produce nearly 10 billion pods next year. Tebon Securities pointed out that the disposable vape market is growing explosively, among which the market share of disposable vapes in the United States exceeds half, and the industry structure is ushering in reshaping.

According to data from the US Centers for Disease Control and Prevention (CDC), the total number of vape brands in the United States continues to grow. From January 2020 to December 2022, the total number of vape brands in the US market increased by 46.2%, from 184 to 269.

In terms of categories, from January 2020 to December 2022, the sales volume of pod-changing vapes dropped from 75.2% to 48.0%, and the sales volume of disposable vapes rose from 24.7% to 51.8%, surpassing pod-changing vapes. Among them, non-tobacco-flavored vapes have the fastest sales growth; mint flavors dominate the pre-filled pod market, and fruit and candy flavors dominate the disposable vape market.

In terms of sales, the data shows that from May 2022 to December 2022, the total sales of vapes in the United States will drop by 12.3%, but compared with the beginning of 2020, the sales are still millions of dollars higher, and the CDC will attribute the sales decline to Due to a number of factors, including efforts by the health department to regulate vape sales, and other factors such as "the surge in large puffs disposable vapes", while this data is limited to the sales performance of traditional brick-and-mortar retailers, sales may actually Instead of falling, it shifted to other channels, such as online orders and vape specialty stores, which are not included in the company's sales figures.