Pod
Vapes Are Gaining Recognition as A Safer Alternative Among
Teenagers ?
Pod vapes are quite popular among
college and high school students. According to a study released by the US Food
and Drug Administration and the US Centers for Disease Control and Prevention
(CDC), 2.55 Mn middle and high school students in the United States reported
using pod vapes (e-cigarettes) in 2022, including 14.1% of high school
students and 3.3% of middle school students. Over 85% of those young folks used
flavoured pod vapes (e-cigarettes), with more than half using disposable pod
vapes (e-cigarettes). Aggressive marketing via social media platforms, as well
as the introduction of fresh flavours like as orange, mint, coffee, Bavarian
cream and cotton candy, have recently increased the popularity of pod vapes. Consumers
who want to stop smoking, on the other hand, are moving to pod vapes for their
nicotine intake. As per the recent research, pod vapes are less harmful than
traditional cigarettes and contain fewer toxic compounds that can contribute to
the development of cancer and other medical conditions. Growing public
awareness of the harmful effects of smoking and people's changing lifestyles
are also contributing to the expansion of the pod vapes market. Furthermore,
governments in several developed countries are supporting the use of pod vapes
for smokers in a bid to minimize the negative consequences of traditional
cigarettes on both smokers and the surrounding environment.
Pod Vape
Market Soar as Marijuana Legalization and CBD Gains Momentum
Pod vapes revenues are expected
to increase significantly from marijuana and CBD legalization, that is gaining traction.
Numerous researches have shown that marijuana and CBD have the ability to
relieve pain, reduce depression and anxiety, alleviate cancer symptoms, manage
and treat neurological diseases, and improve cardiovascular health. Increasing
consumer awareness of the health advantages of CBD and marijuana is increasing
demand for the legalisation of both substances across the globe. While Canada
became the second country in history to allow recreational cannabis use, an
increasing number of states in the United States are decriminalizing medicinal
marijuana usage. Nicotine salts are rapidly gaining traction in the pod vapes
industry, with manufacturers choosing to use them over e-liquids. Increasing
the nicotine dosage in standard vape juices has been associated with throat
infections and diseases. Nicotine salts have emerged as a comparable safer
option for providing higher levels of nicotine concentration while relieving
throat sensation. Moreover, mixing nicotine salts with benzoic acid allows
manufacturers to significantly reduce the size of pod vapes by lowering pH
levels and the temperature necessary for vaporization. Manufacturers are
leveraging on the benefits of nicotine salts to launch low-cost pod vapes,
marketing them as a healthier alternative for smokers.
Novel Innovations in
Pod Vapes Are Enhancing Market Growth
Bluetooth-enabled vapes are now
available, allowing users to precisely track their consumption and smoking
habits. Furthermore, the Bluetooth upgrade allows the vaper to lock the device.
This way, if the device is lost or stolen, no one else can use it. Some people
use this innovation to monitor and reduce their nicotine use, while others
simply use it to gauge when it is time to refill the vape. For example, the
SMOK I-PRIV 230W TC Box Mod is a vape device with advanced technology
capability, including an AI-powered chipset capable of Voice Control System and
compatible with twin batteries.
According to NCBI, there are 459
vape shops in the United States that use Yelp and Google application
programming interfaces and 10,777 convenience stores that use industry estimate
news channels to keep tabs on market. Estimates of vaping product distribution
channels in the United States are difficult to obtain, and when available, they
focus mostly on products distributed through major vaping product companies and
brands, rather than those more commonly sold in vape shops. As a result, these
numbers likely overestimate distribution through convenience stores (30% of
product sales), online sales (25%), and other mainstream channels rather than
vape shops (20%). In recent years, "vape shops" have sprung up
throughout the globe as both brick and mortar e-cigarette retail locations and
a largely e-commerce-driven sector.
Concerns About Nicotine
Addiction Hamper Market
Pod vapes have been linked to a
variety of health conditions, including respiratory disorders, an increased
risk of cancer and frequent asthma attacks. Furthermore, recent studies
indicate an increased susceptibility to addiction to other drugs after nicotine
addiction, raising worries about the health impacts of pod vapes. Regulatory
bodies all around the world are imposing strict regulations on pod vapes.
Nov. 15, 2022- Innokin, an
industry veteran, is aiming to gain attention with their latest product, the
Innobar C1, which is the first closed pod system to use water-based vaping
technology.
Oct. 18, 2022- VOOPOO officially
released its latest Pod, ARGUS P1 on its website.
Imperial Brands PLC, Shenzhen
Eleaf Electronics Co., Ltd., British American Tobacco, JUUL Labs, Inc., Nutrovape,
Kinin, VapePod, NJOY and Philip Morris Products S.A. are some of the prominent market
players operating in the global pod vapes market.
High Consumer
Spending Potential Drives Demand for Pod Vapes in Asia Pacific
The Asia-Pacific region has the
largest number of smokers who are currently active globally, according to an
article published by Taylor & Francis Group. Due to the region's
significant population of smokers, Asia Pacific led the global pod vapes market
in 2022. According to the World Bank Group, the prevalence of smoking is
highest among men in East Asia and the Pacific (49 percent). Changing
lifestyles and rising disposable income have propelled the Asia Pacific pod vapes
market, notably in China, Japan, and India.
The report provides a detailed
overview of the pod vapes market insights in regions including North America,
Latin America, Europe, Asia-Pacific, Oceania, and the Middle East and Africa.
The country-specific assessment for pod vapes market has been offered for all
regional market share, along with forecasts, market scope estimates, price
point assessment, and impact analysis of prominent countries and regions.
Throughout this market research report, Y-o-Y growth and CAGR estimates are
also incorporated for every country and region, to provide a detailed view of
the pod vapes market. These Y-o-Y projections on regional and country-level
markets brighten the political, economic and business environment outlook, which
are anticipated to have a substantial impact on the growth of the pod vapes
market. Some key country and region included in the pod vapes market report as
follows:
North America (U.S., Canada)
Latin America (Mexico, Argentina,
Brazil, Peru, Chile)
Europe (Germany, France, Italy, U.K.,
BENELUX, Nordics, Spain, Poland, Russia, CIS)
Asia Pacific (China, ASEAN, India,
Japan, South Korea)
Oceania (Australia, New Zealand)
Middle East and Africa (South
Africa, GCC Countries, Turkey, Israel, Iran)
The Pod Vapes Market Research Report Covers
In-depth Analysis on:
·
Pod vapes market segments
·
Pod vapes market dynamics
·
Pod vapes market value and share analysis
·
Recent trends, restraints, opportunities in pod
vapes market
·
Companies & competition involved pod vapes
market
·
Latest technologies in pod vapes market
·
Supply chain and value chain pod vapes market
·
Pod vapes market sales and distribution
strategies
Pod Vapes Market Growth Highlights:
·
A comprehensive overview of parent market
·
Market dynamics, demand and trends in the
industry
·
Current, historical and anticipated market size in
terms of volume
·
In-depth market segmentation
·
Competition landscape
·
Key strategies of leading companies and product
portfolio
·
Pod vapes industry trends and developments
·
Potential and country, regions and segments
exhibiting future growth
·
A detailed viewpoint on pod vapes market forecast
by countries
·
Essential information to enhance market position
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