Are you ready for the CBD vape era?
The CBD e-liquid we are concerned about has become a rookie in the vape market. Before introducing this new product, we first share a few recent data:
China is the country with the largest number of smokers in the world. As of 2018, the number of smokers in China was about 306 million, and cigarette sales were 1,440.5 billion yuan, accounting for 44.6% of global cigarette consumption. This is the current data of Chinese traditional tobacco.
According to the "Forecast of China's Tobacco Product Industry Market Demand Forecast and Investment Strategic Planning Analysis Report" released by the Foresight Industry Research Institute, global vape consumers reached 35 million in 2017, and vape sales were approximately $ 12 billion, an increase from 2010 13 times, with a compound annual growth rate of about 45%. Among them, the United States is the largest vape consumer market. In 2017, vape sales in the United States were about 4.63 billion US dollars, far ahead of other countries, and China has not yet reached the maximum sales volume of vape.
As of the end of 2017, there were a total of 8083 vape patents in China, including 1789 vape inventions, 3258 utility models, and 3,036 design designs. Its number is huge and growing.
The above are just a few companies' investment in China's vape market. According to orange data, as of June 2019, 14 vape corporate financings have been completed in China, with a total financing amount of about 574 million yuan, which is higher than last year. Amount of investment.
On June 12, 2019, China Tobacco Hong Kong was listed on the main board of the Hong Kong Stock Exchange, and its stock price soared by nearly 20%. The news quickly spread throughout the tobacco industry in China. Anson International analysts pointed out that the global tobacco market is currently dominated by traditional tobacco products such as cigarettes, pipe tobacco and cigars, and emerging tobacco products such as vape and non-heating tobacco products are increasingly being received by consumers worldwide. welcome.
In recent years, the global tobacco control movement has been increasing, and the development of traditional tobacco has been limited, but the majority of smokers still hope to find better tobacco alternatives. With the continuous increase of disposable income of consumers, the promotion of China's tobacco product consumption upgrade and the optimization of the tobacco market structure, the consumer demand for high-end tobacco products or vape will only continue to increase.
China-Thailand International also said that with the listing of China Tobacco in Hong Kong driving some companies with tobacco-related businesses up, vape may become its most powerful competitor, while capital with an international perspective has seen the future more calmly. Since this year, many vape companies have announced that they have completed financing. The investment and financing of the vape industry has been greatly increased. The prospect of China's vape market is very good.
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