On November 19, according to the latest report released by Allied Market Research, the size of the U.S. e-cigarette market will reach $6.698 billion in 2020 and is expected to reach $34.137 billion in 2031. The compound annual growth rate from 2022 to 2031 is 16.1%. The market is segmented on the basis of commodity type, taste, and distribution channel.
The electronic cigarette market in the United States is recognized as an alternative to traditional cigarettes due to its advantages of reducing health problems, smoke-free, pollution-free, and can be smoked in public places.
In addition, the Centers for Disease Control and Prevention reports that e-cigarettes are the most commonly used tobacco product among American youth. According to an article by the Australian Association for Tobacco Harm Reduction, the long-term risks of e-cigarettes are at least 95% less than those of smoking cigarettes.