While for months, some people and associations have not hesitated to declare everywhere that the e-cigarette is just a fad, economic data provided by Wells Fargo et Agora Financial would tend to prove the opposite.
THE ELECTRONIC CIGARETTE: A FLORISHING MARKET THAT COULD REACH 10 BILLION DOLLARS!
The electronic cigarette is therefore only a fad? Well not if we believe the economic data provided by Wells Fargo et Agora Financial which prove that the vaping market has grown considerably over the past ten years. If in 2008, the vaping market peaked at sales of 20 million in the world, in 2017 it could reach records with more than 10 billion sales.
On this chart provided by The report of Statista which shows the sales of electronic cigarettes in US dollars in the world from 2008 to 2017 (in millions) we immediately realize the progress of the vaping market with a particularly significant peak between 2014 and 2017 (of almost 3 billion $ 10 billion). Clearly, if at first the e-cigarette could look like a real fashion effect, today it is the progression over the past years which proves us the opposite.
Despite regulations, bans, misinformation and the lack of support from governments and associations, the vaping market is booming and this is probably not going to end any time soon.
