Top 10 Development Trends in vape Industry in 2023
According to data from vape industry in 2023, the global vape market is projected to grow from $1.93 billion in 2022 to $4.7 billion in 2025. The year 2020 marked a golden period for the comprehensive takeoff of vape industry, and in 2023, the development of vapes is expected to accelerate further. The top 10 development trends in vape industry in 2023 are as follows:
1.Health-oriented Development Trend in vape Industry in 2023:
With an increased focus on health consciousness, consumers are paying more attention to the safety and health aspects of vapes. Therefore, in 2023, vape industry will place greater emphasis on product quality and safety, catering to the market’s demand for health-oriented trends.
Vape manufacturers will employ various techniques such as heating technology, molecular design, and gradually introduce nicotine-free and low-nicotine products to meet consumer needs.
2.Personalization Development Trend in vape Industry in 2023:
Consumers seek personalization, and vape industry will prioritize product innovation and differentiation by developing products that cater to consumer demands regarding factors such as taste, vapor production, and flavors.
Vapes can also be integrated with other products, such as smart bracelets and apps, to monitor smoking habits and health conditions, providing health advice and guidance.
3.Stricter Regulation Development Trend:
Some low-quality vape products may have adverse effects on human health. Certain countries and regions have implemented regulations and sales bans on vapes. For instance:
Most European Union member states prohibit the use of vapes in public places such as offices, bars, and restaurants. The European Union categorizes vapes as tobacco products and regulates them accordingly. Germany and France have stricter regulations, allowing vapes to be sold only in specialized stores and banning their use in public places.
In the United States, since 2019, various health issues related to vapes, such as lung diseases and deaths, have emerged. In 2020, the federal government banned the sale of all flavored vape products.
In Canada, vapes have not been approved but are not illegal. Some provinces and municipal governments have implemented policies to ban the sale of vapes. The federal government is also considering strengthening regulations on vapes.
Mexico prohibits the sale of any vapes containing nicotine or other substances but allows the sale of nicotine-free vapes.
Argentina bans the sale of vapes and vape accessories containing nicotine but permits the sale of nicotine-free vapes.
In Asia, vape policies vary:
South Korea and Thailand completely prohibit the production and sale of vapes, while Japan permits their sale and use.
China has officially implemented amendments to the “Control of Tobacco Products Law,” which includes vapes in the category of tobacco products. It prohibits the use of vapes in public places and the sale of vapes to minors. Given the potential risks of vapes to human health, governments need to establish stricter policies to protect public health.
4.Internationalization Development Trend:
As the global vape industry develops, the Chinese vape industry will focus more on internationalization, strengthening communication and collaboration with international vape brands, research institutions, and industry organizations to enhance the international competitiveness of domestic enterprises.
5.E-commerce Development Trend in vape Industry in 2023
Vape industry will increasingly focus on e-commerce, strengthening cooperation with e-commerce platforms to expand online sales channels and enhance brand visibility and sales effectiveness.
In China, there are already several vape e-commerce platforms, such as Taobao, JD.com, Tmall, and others. Specialized vape e-commerce platforms are also emerging, such as Yihao e-cig and Mist e-commerce.
It is expected that the e-commerce trend in vape industry will continue to accelerate, becoming a major sales channel for the industry.
6、Diversification Development Trend in vape Industry in 2023
In 2023, vape industry will pay greater attention to product diversification by introducing products with different flavors, styles, and functions to meet the diverse needs of consumers.
Many countries have already started selling vapes, and to create a favorable development environment for the industry, various countries have enacted relevant policies, indicating that vape market is expected to maintain a rapid growth trend.
7.Disposable High Vapor Development Trend in vape Industry in 2023
To meet the overseas market demand for disposable vapes with high vapor production, many manufacturers have recently introduced solutions for disposable high vapor technology.
These new technology-based disposable vape products have gained popularity among overseas consumers and become a trendsetter in the overseas market. These products not only provide larger vapor production but also deliver smooth and long-lasting sensations, stable performance without burnt hits, satisfying the demand for high vapor production among overseas consumers.
Furthermore, numerous leading Chinese vape brands are also collaborating with major micro-semiconductor companies on new projects, gradually entering the trial production phase, and introducing more new features and products to the market.
8.Accelerated Technological Innovation Development Trend in vape Industry in 2023
Many vape manufacturers are continuously increasing their investments in capital and technology development to attract more consumers and secure their position in the market.
In 2023, vape prices will further decline, forcing Chinese vape manufacturers to enhance technological investments, improve product quality, and incorporate new technologies to enhance competitiveness. For example, some vape manufacturers are researching smokeless vaping products.
In 2023, we can expect further advancements and improvements. There is still room for improvement in terms of technological research and development. With ongoing technological advancements, vapes are witnessing enhancements in electromagnetic resistance, signal accuracy, image processing capabilities, smaller sizes, and longer battery life.
Additionally, vape manufacturers are utilizing blockchain technology to track cigarette distribution to consumers, reducing losses from counterfeit products.
Emerging vape technologies such as power battery technology, Bluetooth technology, and magnetic levitation technology are driving the technological sophistication of vape market.
For example, advanced power battery technology will provide stronger engines, higher current, longer battery life, reduced load, accurate current transmission, and faster charging times, catering to different consumer demands.
Bluetooth technology will greatly enhance convenience in operation, ensuring reliable device connectivity. New magnetic levitation technology will provide safer and more stable e-liquid delivery, prolong device lifespan, and enable consumers to use higher quality e-liquids.
Furthermore, in 2023, vape industry will introduce more upgrades such as alloy pipes, invisible pipes, and music pipes, which will be the upgraded versions of traditional pipes in terms of retail price, appearance, and quality.
9.The Trend of Standardized Operation in vape Industry in 2023
The operation of vape industry in 2023 will become more standardized. With increased market competition, vape manufacturers will strengthen their leading positions, and industry competition will be based on brand reputation, pricing, and supply chain organization.
Users’ purchasing behavior for vapes will become more fixed, with an increasing number of consumers choosing reputable and cost-effective vape brands and becoming loyal customers.
Vape manufacturers will further enhance the level of supply chain refinement based on solid branding and excellent quality, cultivating a strong consumer market and core development capabilities, making every component of vapes, from production to supply, safe, reliable, and cost-effective.
10.The Trend of “Product Intelligence” in vape Industry in 2023
“Product intelligence” is a major trend in the future development of vape industry. In recent years, some established vape manufacturers have invested a significant amount of resources in researching and developing intelligent vapes.
These new types of vapes incorporate modern intelligent technology, enabling features such as intelligent temperature control and intelligent safety upgrades, making them safer and more comfortable compared to traditional vapes.
In summary, the top ten development trends in vape industry in 2023 will require industry participants to closely monitor market dynamics, innovate continuously, and adapt to changes in order to maintain competitiveness and meet consumer demands.
