How Many Vape Shops and Stores in the US (2024)
Discover the Count of Vape Shops and Stores in the US by 2024
With the increasing consciousness of smokeless, safe, and ashless tobacco, consumers in the USA are driven towards purchasing e-cigarette products, leading to the proliferation of vape shops and stores across the US.
Thus, the rising adoption of vape items has led to the question of how many vape shops are currently operating in the USA.
Adults, particularly those under 30 years of age, tremendously contribute the largest share of revenue for vape shops and electronic cigarettes. Nevertheless, this segment is more likely to consume these newer products than the older population.
Contents:
– Top 5 Key Statistics About the e-Cigarette Market In The USA
– State With the Most Vape Shops Per Capita
– Growth Trends in the Electronic Cigarette & Vape Shops Industry
– Online Vs Offline Sales Channels in the USA
– The Highest Selling Brand In The Vape Shops in the USA
– Sale of Menthol Flavored E-Cigarettes
– Statistical Analysis of E-Cigarette Sales and Advertising (FTC Report 2024)
– The Bottom Line
Top 5 Key Statistics About the e-Cigarette Market In The USA
– In total, 10,591 vape or e-cigarette shops operate in the USA in 2024, an increase of 18.3% from 2022.
– Wages (19.9%) and Purchases (68.6%) are the highest costs for businesses in the United States Electronic Cigarettes and vape Shops market in revenue.
– The e-cigarette market is expected to advance at a 5.83% annual pace between 2024 and 2029 (CAGR 2024-2029).
– When weighed globally, the United States is the most significant revenue producer in the e-cigarette business, accounting for $8.8 billion in 2024.
– The e-cigarette and vape market, valued at US$38.2 billion in 2024, is set to expand rapidly, with a projected CAGR of 31.00 percent, reaching US$447 billion by 2034.
Industry Growth and Business Numbers
The e-cigarette industry continues to expand rapidly to fulfill growing demand, as seen by the increase from 7,891 outlets in 2022 to 10,591 vape stores in 2024. This advancement demonstrates that vaping is becoming a far more desirable replacement for standard smoking among US consumers.
| Country | Number of Vape Shopes |
|---|---|
| USA | 10,591 |
Cost Structure
Wages at 19.9%: The industry’s valuable influence on employment, highlighted by the nearly 20% pay allocation, reflects the industry’s favorable economic impact.
Purchases at 68.6%: This high proportion of spending on purchases shows a sincere commitment to product variety and quality available in the USA market.
Future Market Growth
The market will strengthen at a 5.83% annual pace between 2024 and 2029. This envisioned development demonstrates the industry’s commitment to expansion in the future.
Global Market Position
With forecasted revenues of $8.8 billion in 2024, the United States is the largest revenue generator in the worldwide e-cigarette business. This revenue generation leadership reflects high market penetration and trust among consumers in e-cigarette products.
| Age Groups | in billion USD ($) |
|---|---|
| 2018 | 5.6 |
| 2019 | 6.0 |
| 2020 | 6.2 |
| 2021 | 6.9 |
| 2022 | 7.6 |
| 2023 | 8.3 |
| 2024 | 8.8 |
| 2025 | 9.4 |
| 2026 | 10.0 |
| 2027 | 10.6 |
| 2028 | 11.1 |
| 2029 | 11.7 |
Market Valuation and Projected Growth
– Market Valuation in 2024: $38.2 Billion
– Projected Market Valuation by 2034: $447 Billion
– Compound Annual Growth Rate (CAGR) from 2024 to 2034: 31.00%
The E-cigarette and Vape Market’s projected $38.2 billion in 2024 indicates its conceivable size and economic value. The market could improve at a CAGR of 31.00% over the next decade. By 2034, it is forecasted to reach a remarkable $447 billion.
The e-cigarette and vape shop business in the United States is making noteworthy strides, with high expansion rates, substantial economic contributions, and a considerable share of the global market.
State With the Most Vape Shops Per Capita
In the USA, there are about 10,591 vape shops, with 4 vape shops in every comic book store and 2.7 for every bowling alley.
As per Yelp data 2024, Nevada has the most vape shops, with approximately 6.7 vape shops per 100,000 residents. Hawaii stands in the second row, with an average of 6 shops per 100,000 residents.
Number of Cannabis Shops in the USA
In total, approximately 12,156 cannabis dispensaries are operating in the USA currently as of 2024. This number has substantially increased from 12,572 in September 2023. Moreover, there are about 2,387 cannabis shops in Oklahoma, 1,244 in California, and 1,023 in Colorado
With much progress in the cannabis industry, about 50 percent of Americans have consumed marijuana or cannabis at some point. There is at least one cannabis dispensary in every state where 79% of Americans are living.
California and Oklahoma Leading the Way
In California, one out of every four marijuana dispensaries in the U.S. can be found, making it highly accessible to residents, with 99.5% of Californians having a cannabis dispensary in their country.
Meanwhile, Oklahoma tops the chart for dispensaries per capita, with an impressive 36 dispensaries for every 100,000 people.
Prevalence Of Delta 8 Products
As the cannabis industry is booming in most of the states of the USA, Delta 8 carts are also becoming quite prevalent. The masses opt for these carts since they offer a potent way with a precise dosage of Delta 8 THC to immerse in its mild psychoactive effects.
Delta 8 Gummies are favored by those who prefer an alternative edible choice and seek a slow experience of Delta 8 THC.
With passing time, Delta 8 Disposables are becoming increasingly available in multiple dispensaries across the USA, reasonably meeting the widespread consumer discretion for cannabis products.
Sources: prophecy market insights, IBIS World, Statista, Dispenseapp.com, flowhub.com, VaporVanity
Growth Trends in the Electronic Cigarette & Vape
– In 2023, the Electronic cigarettes & Vape Shops market boosted by 1.4%.
– Between 2018 and 2023, the US market for Electronic cigarettes and vape Shops grew at an average annual rate of 3.9%.
– Unit sales of disposable e-cigarettes have seen a terrific surge, climbing by 45.7% from 2018 to 2023, reaching a total of 144.6 million units.
– The Electronic Cigarette & Vape Shops sector employs 44,509 people in the United States as of 2023.
Annual Growth Rate (2018-2023)
Between 2018 and 2023, the US Electronic Cigarette and Vape Shops sector expanded at an average annual rate of 3.9%. In 2023, the market size increased moderately by 1.4%. This compatible growth over time implies a stable and evolving market with steady growth in e-cigarette products.
Disposable E-Cigarette Sales
The number of disposable e-cigarettes sold increased by 45.7%, from 99.3 million to 144.6 million. The prompt increase implies a growing market for disposable e-cigarettes, probably due to their ease and portability.
Employment in the Industry
In 2023, the Electronic Cigarette & Vape Shops industry in the United States employs 44,509 individuals. The degree of employment illustrates the industry’s vital role in job creation to boost the proliferation of vape shops.
Online Vs Offline Sales Channels in the USA
| Age Groups | Offline | Online |
|---|---|---|
| 2018 | 94.3 | 5.7 |
| 2019 | 94 | 6.0 |
| 2020 | 90.8 | 9.3 |
| 2021 | 87.3 | 12.7 |
| 2022 | 83.9 | 16.1 |
| 2023 | 78.4 | 21.6 |
| 2024 | 73.2 | 26.8 |
| 2025 | 68.9 | 31.2 |
| 2026 | 63.4 | 36.6 |
| 2027 | 59.5 | 40.5 |
| 2028 | 57.3 | 42.7 |
Steady Increase in Online Sales
In 2018, online sales were only 5.7%, but by 2028, they are expected to be 42.7%. This demonstrates a substantial shift in online purchasing habits over the past decade.
Decrease in Offline Sales
Similarly, offline sales have been dropping. Starting with 94.3% in 2018, they are predicted to decline to 57.1% by 2028. This drop underscores the growing demand for purchasing vaping goods online.
Year-by-Year Breakdown
2021-2028:
The trend of online sales growth has been ongoing, with an average annual increase of around 3.75 percentage points. This steady rise exhibits the need for continuous adaption to the changing consumer preferences for online channels.
Sources: Statista, IBIS World.Com, CDC Foundation.Org
The Highest Selling Brand In The Vape Shops in the USA
As of Statista 2024, Vuse is the top-selling e-cigarette brand, with sales of $2,124 million. This superior position underlines Vuse’s tremendous market presence.
Market Composition
Other manufacturers generate $1,578 million in revenue. This points to an extensive market, with many smaller brands contributing considerably to total sales.
Vuse and Juul, the undisputed leaders of our industry, have sales statistics that outshine those of their competitors.
Source: Statista
Sale of Menthol Flavored E-Cigarettes
– Menthol-flavored e-cigarette sales grew by 39.4% (from 6.4 million to 8.9 million units), with a 45.2% jump in menthol-flavored cartridge sales (5.9 million to 8.5 million).
– Menthol-flavored e-cigarette sales represented 39.3% of the total e-cigarette market and 62.0% of the pre-filled cartridge market.
– Menthol-flavored e-cigarette use is high among teenage users of flavored e-cigarettes (28.8%), especially in current flavored prefilled cartridge users (46.3%).
Overall Increase in Menthol Flavored E-Cigarette Sales
| Previous Period | Current Period |
|---|---|
| 6.4 million | 8.9 million |
Menthol-flavored e-cigarette sales augmented by 39.4%, from 6.4 million to 8.9 million units, reflecting a developing customer preference for menthol flavors.
Increase in Menthol-Flavored Cartridge Sales
The 45.2% spike in menthol-flavored cartridge sales, from 5.9 million to 8.5 million units, suggests strong demand for prefilled cartridges.
Menthol Flavored E-Cigarette Market Share
Menthol-flavored e-cigarettes comprise 39.3% of the total e-cigarette market, demonstrating an enormous customer appetite for menthol tastes. Their domination in the prefilled cartridge market is predominantly evident, accounting for 62.0% of sales.
High Usage Among Youth
– Youth Users of Flavored E-Cigarettes: 28.8%
– Current Flavored Prefilled Cartridge Users: 46.3%
There is a significant occurrence of menthol-flavored e-cigarette consumption among youngsters, with 28.8% of flavored e-cigarette consumers and 46.3% of current flavored prefilled cartridge users favoring menthol tastes.
This trend may be encouraged by the pleasant flavor of menthol, which is frequently viewed as smoother and less harsh among youngsters.
Source: CDC Foundation.Org
Statistical Analysis of E-Cigarette Sales and Advertising (FTC Report 2024)
According to the Federal Trade Commission’s (FTC) third report on e-cigarette sales and advertising in the United States, 2024:
Significant Sales Growth in E-Cigarette Products
Between 2020 and 2021, nine distinguished manufacturers raised their combined sales of cartridge-based and disposable e-cigarette products to US customers by around $370 million, bringing the total to more than $2.67 billion.
Rising Sales in Cartridge and Disposable E-Cigarette Products
Sales of cartridge goods climbed from $2.13 billion to $2.5 billion, while sales of disposable, non-refillable e-cigarettes went up from $261.9 million to $267.1 million.
The research additionally reveals that 69.2 percent of e-cigarette cartridges sold or given away included menthol-flavoured e-liquids, while the remainder were tobacco-flavoured. “Other” flavored devices accounted for 71% of all disposable devices sold or distributed, with the most prevalent subtypes being fruit-flavored and fruit & menthol/mint-flavored goods.
Discussion
The FTC’s 2024 study shows decisive growth in the e-cigarette sector, with total sales of $2.67 billion in 2021, up $370 million from the previous year.
Menthol flavors dominate the cartridge industry, accounting for 69.2% of sales; however, 71% of disposable devices contain varied flavors.
Source: Tobacco Reporter.Com
The Bottom Line
Considerable vape stores have entered the market in recent years. Consumer demand for e-cigarettes and vapors is elevated as they have gained acceptance as a healthier alternative to cigarettes.
The growing rage of technology, cheap cost, and marketing strategies to offer a variety of flavored cigar and vape goods with menthol (69.2%), and other favored flavors (71%) will probably enrich demand for the target consumers.
To explore more statistics, take a look at the number of vapers worldwide, vape shop revenue, and e-cigarette usage in California.
