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How Big Electronic Cigarette Market will Grow?

19th February 2013

How Big Electronic Cigarette Market will Grow?  Did you think about it? Here is a report from America that says:

“the electronic cigarette sector is a…fairly new category. and that’s what I find so exciting. I’m making some pretty big predictions. I think it’s possible that consumption of e-cigarettes could surpass that of traditional cigarettes within the next decade.”

This comment was made by Bonnie Herzog, a senior market analyst at Wells Fargo.

Bonnie is familiar name for people from old Western films. She works in its Research & Economics Department as Managing Director as well as senior tobacco and beverage analyst. Before joining Wells Fargo, the lady followed tobacco and beverage sectors at Citigroup. She clinched the third position on the Institutional Investor Equity Research Survey for 7 consecutive years.

In the United Kingdom, there are already around 600,000 regular vapers and nearly 2 million people have tired ecigs.

As per the latest estimates, there are approximately 10 million adult smokers in the UK. Moreover, a survey has been conducted with 100 smokers that concluded.

Around half of the vapers have no plans for quitting the use of the best ecigs in the next 12 months. They are enjoying the pleasure of vaping with different flavours.

 Electronic cigarettes are currently generating approximately $300 million in retail market in USA.

This number is expected to rise and develop into a $1 billion category in the coming years.

All these figures point towards the big future for the electronic cigarette sector.