Global Pod Vapes Market Size To Worth USD 8.26 Billion By 2033 | CAGR Of 12.38%
Category: Consumer GoodsGlobal Pod Vapes Market Size To Worth USD 8.26 Billion By 2033 | CAGR Of 12.38%
According to a research report published by Spherical Insights & Consulting, the Global Pod Vapes Market Size is Estimated to Grow from USD 2.57 billion in 2023 to USD 8.26 billion by 2033, Growing at a CAGR of 12.38% during the forecast period 2023-2033.
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Browse key industry insights spread across 214 pages with 110 Market data tables and figures & charts from the report on the "Global Pod Vapes Market Size, Share, and COVID-19 Impact Analysis, By Pod Type (Pre-filled Pods and Refillable Pods), By Nicotine Strength (Low Nicotine [0-3 mg], Medium Nicotine [3-6 mg], and High Nicotine [6 mg+]), By Flavor Profile (Fruit Flavors, Dessert Flavors, Tobacco Flavors, Menthol Flavors, and Others), By Distribution Channel (Online and Offline), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 – 2033." Get Detailed Report Description Here: https://www.sphericalinsights.com/reports/pod-vapes-market
The market for pod vapes, often referred to as pod systems or pod mods, is a global industry. These are a subset of e-cigarettes that do not use conventional e-liquid tanks, but rather use small, open, or disposable pods. These pods usually include a heating element, e-liquid (sometimes with nicotine), and occasionally a battery. The market is experiencing a high level of demand since pod vapes are discreet, portable, and convenient, appealing to both novice and experienced users. In addition, growing knowledge and acceptance of vaping as a safer alternative to smoking is one of the main factors propelling the market for pod vapes. However, the limited battery life of pod vapes, performance problems including pod leaking, and irregular vapor generation can prevent users from using them for longer periods, which can affect consumer satisfaction and market expansion.
The pre-filled pods segment held a significant market share in 2023 and is estimated to grow at a CAGR of 11.37% throughout the projection period.
Based on the pod type, the global pod vapes market is categorized into pre-filled pods and refillable pods. Among these, the pre-filled pods segment held a significant market share in 2023 and is estimated to grow at a CAGR of 11.37% throughout the projection period. Since pre-filled pods are disposable after use and arrive pre-loaded with e-liquid, they are popular because they are convenient.
The low nicotine [0-3mg] segment accounted for the largest market share in 2023 and is expected to grow at a CAGR of 12.15% throughout the forecast period.
Based on the nicotine strength, the global pod vapes market is classified into low nicotine [0-3 mg], medium nicotine [3-6 mg], and high nicotine [6 mg+]. Among these, the low nicotine [0-3mg] segment accounted for the largest market share in 2023 and is expected to grow at a CAGR of 12.15% throughout the forecast period. Health-conscious consumers who want lower nicotine concentration or who want to progressively reduce their nicotine usage are mostly responsible for this trend.
The tobacco flavors segment dominated the global pod vapes market share in 2023 and is anticipated to grow at the fastest CAGR during the forecast period.
Based on the flavor profile, the global pod vapes market is divided into fruit flavors, dessert flavors, tobacco flavors, menthol flavors, and others. Among these, the tobacco flavors segment dominated the global pod vapes market share in 2023 and is anticipated to grow at the fastest CAGR during the forecast period. Most pod vape makers provide tobacco-flavored pods, which are easy to get. They are a popular option for many consumers due to their broad availability.
The online segment held a significant market share in 2023 and is anticipated to grow at the fastest CAGR during the projected timeframe.
Based on the distribution channel, the global pod vapes market is divided into online and offline. Among these, the online segment held a significant market share in 2023 and is anticipated to grow at the fastest CAGR during the projected timeframe. The selection of products offered by online retailers is usually greater than that of physical retail establishments. Customers can compare brands, flavors, and pod types with ease, which helps them make better decisions on which to purchase.
Asia Pacific is anticipated to hold the largest share of the pod vapes market over the predicted timeframe.
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Asia Pacific is anticipated to hold the largest share of the pod vapes market over the predicted timeframe. The vaping industry's major technological hub, China, is a major player in the Asia Pacific area and is always creating novel and enhanced goods.
North America is expected to grow at the fastest CAGR growth of the pod vapes market during the forecast period. To increase sales of pod vapes, top North American manufacturers are using cutting-edge features like temperature control, durable construction, and longer battery life.
Major key players in the global pod vapes market include British American Tobacco, JUUL Labs, Inc., Imperial Brands PLC, VapePod, NJOY, Philip Morris Products S.A., Shenzhen Eleaf Electronics Co., Ltd., Nutrovape, KININ, Japan Tobacco Inc., Altria Group, Hangsen International Group, Eleaf Electronics, Ballantyne Brands, Shenzhen Kanger Technology, and Others.
Recent Development
- In June 2023, Altria Group, Inc. declared that it had acquired the vaping business NJOY Holdings, Inc. The business will sell NJOY e-vapor goods under the Altria subsidiary NJOY, LLC (NJOY). Furthermore, Altria Group Distribution Company will handle the distribution of NJOY's products
Key Target Audience
- Market Players
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Value-Added Resellers (VARs)
Market Segment
This study forecasts revenue at global, regional, and country levels from 2023 to 2033. Spherical Insights has segmented the pod vapes market based on the below-mentioned segments:
Global Pod Vapes Market, By Pod Type
- Pre-filled Pods
- Refillable Pods
Global Pod Vapes Market, By Nicotine Strength
- Low Nicotine [0-3 mg]
- Medium Nicotine [3-6 mg]
- High Nicotine [6 mg+]
Global Pod Vapes Market, By Flavor Profile
- Fruit Flavors
- Dessert Flavors
- Tobacco Flavors
- Menthol Flavors
- Others
Global Pod Vapes Market, By Distribution Channel
- Online
- Offline
Global Pod Vapes Market, By Regional Analysis
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia Pacific
- South America
- Brazil
- Argentina
- Rest of South America
- Middle East & Africa
- UAE
- Saudi Arabia
- Qatar
- South Africa
- Rest of the Middle East & Africa
About the Spherical Insights & Consulting
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Which is catering to different industry such as financial sectors, industrial sectors, government organizations, universities, non-profits and corporations. The company's mission is to work with businesses to achieve business objectives and maintain strategic improvements.
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