Skyrocketing eCigarette Sales Could Take the Tobacco Industry to New Heights

This entry was posted on September 9, 2013 by the VIAe Blogger.

Bonnie Herzog of Wells Fargo Securities commented in an article recently that she was, “surprised to some extent” by how fast e-cigarette sales have grown. In fact, she estimates this year’s e-cigarette sales will reach approximately $1.7 billion. How does she get to that astronomical number?

Tobacco Industry Statistics

The current year-to-date sales of e-cigarettes, as of August 2013, hovered around $1 billion. The breakdown looks like this:

• $700 million in traditional convenience store outlets
• $500 to 625 million in online sales

Now, let’s look at some other statistics that will help you gain a more in depth look at tobacco and, therefore, the e-cigarette industry:

• Cigarette industry sales are about $80 billion annually
• e-Cigarettes were first sold in 2007 (i.e. it’s a newer product)
• 30% of all heart-disease related deaths are contributed to cigarette smoking
• Combustion of tobacco produces over 4,000 chemical compounds; e-cigarette vapors contain primarily nicotine, water, propylene glycol, vegetable glycerin and flavorings.

Projection of Growth for the e-Cigarette Industry

In other words, as smoking bans in restaurants, bars and public venues continue to take effect, e-cigarette companies are moving forward to take the market share away from traditional tobacco companies. If predictions are correct, e-cigarette companies will continue to explode in growth throughout the future.

Why Are e-Cigarettes So Popular?

As insider experts already believe, e-cigarettes are a safer, more effective way for traditional smokers to enjoy a nicotine buzz without the negative effects of smoke inhalation. In lieu of inhaling smoke, you inhale a vapor that contains pure nicotine.

The nicotine can be flavored to taste much like popular brands of cigarettes, too. Further, as technology develops, the e-cigarette is starting to look, and feel, more and more like a real cigarette, helping even hardcore smokers make the transition to e-cigarettes instead.

Also, while a pack of cigarettes costs $15 in Manhattan, it’s just about $1.50 for the equivalent nicotine in an e-cigarette cartridge … but without the pesky smell or ashes of smoke.

And should we mention that since nothing is actually “burning” in an e-cigarette, it’s a very popular way for smokers to get their nicotine fix while getting around wide-spread bans on smoking? Yup – you can take, and smoke, your e-cigarette numerous places where traditional tobacco cigarettes are banned.

Over the next decade, many experts predict e-cigarettes will overtake cigarette sales. When you consider cigarette sales are an $80 billion-dollar-per-year industry, you can only imagine how quickly e-cigarettes will grow!

- See more at: http://www.viaecigs.com/blog/skyrocketing-ecigarette-sales-take-the-tobacco-industry-by-storm/#sthash.3nMVr5Qi.dpuf

Related articles

• New York lifts smoking age to 21
• BMJ to ban research funded by the tobacco industry
• Awaiting FDA, states pursue their own e-cigarette rules
• Are Tobacco Companies Making a Comeback?
• Smoke and Mirrors: European Parliament May Clear the Air on E-Cigarettes
• E-Cigarette Marketing Seen Threatened by FDA Scrutiny
• Report Shows Some Reasons Why More Smokers Are Switching To Ecigs Today