Disposable vape market in Latin America is expected to increase by 5.74% every year by 2028
According to Sounds and Colours’ predictions, it is expected that the disposable vape market in Latin America will grow at a compound annual growth rate of 5.74% by 2028, as the user base increases.
Countries such as Chile, Argentina, Peru, Brazil, and Costa Rica are hotspots for disposable vapes in the continent.
The report shows that nearly 50% of Chilean men are disposable vape users, and this proportion is still rising. Women are no exception, with more and more Latin American women using vapes.
The report also shows that in Latin America, one out of every five adults has an vape. Additionally, it has been observed that the proportion of smokers in all age groups, except for the 18-24 age group, is significantly decreasing, which indirectly reflects the increasing popularity of vapes among young people aged 18-24.