Rapid growth of retail scale in the global e-cigarette industry

Retail scale and forecast of global e-cigarette segment market from 2018 to 2023

Data shows that the global retail size of e-cigarettes has maintained growth, reaching $45.3 billion in 2020. It is expected that the global retail size of e-cigarettes will reach $86.7 billion by 2023. The retail size of the global atomized electronic cigarette industry has a compound growth rate of 18.6% from 2018 to 2021, and it is expected that the retail size will reach $42.44 billion in 2022. The global HNB industry’s retail size has a compound growth rate of 58.4% from 2018 to 2021, with an estimated retail size of $31.37 billion by 2022.