UK adults spent more on vaping products in 2019 than any other nation
Each adult spent around £33, generating a revenue of £2.5bn. This accounts for almost 17 percent of the global market share.
US spending followed at £5bn or £14 per capita, followed by New Zealand at £142m or £30 per capita.
The global market has grown by almost 20 percent since 2012 and is projected to hit almost £19bn by 2023.
Interestingly, the US market has continued to grow at a steady pace despite the recent spate of vaping scandals.
The FDA recently announced a ban of flavoured pods in a bid to curb the so-called teen vaping ‘epidemic.’
However, the ban does not affect disposable, single-use devices. This has reportedly led some teens to switch to closed pods rather than quit vaping altogether.