Disposable vapes are rapidly gaining popularity in Latin America due to their ease of use and affordability. Elf Bar and Esco Bars are two popular vape brands in the region, known for their flavor profile, design, and battery capacity. This guide aims to provide insights into the rising disposable vape trend in Latin America.
Use of Disposable Vapes in Latin America
Vapes or e-cigarettes were invented in 2003 as an electronic and safer alternative to traditional cigarettes. However, due to high prices, large size, and complexity, disposable vapes were introduced as a simpler and more affordable option. Disposables are compact, affordable, easy to use, and one-time-use-only vapes that require minimal effort. They contain enough e-liquid to produce a puff equivalent to 20 cigarettes and are easy to carry, making them a trend among college students and adults in their 20s.
Trends of Disposable Vapes in Latin America
It is anticipated that by 2028, the disposable vape market in Latin America will grow by a CAGR of 5.74%. Countries like Chile, Argentina, Peru, Brazil, and Costa Rica are some of the hot spots for disposable vapes. Reports suggest that almost 50% of males in Chile are disposable vape users, and the number is still increasing. The exponential growth of disposable vapes in Latin America has led to the emergence of new disposable vape manufacturers like Esco Bars. These companies are producing advanced versions of disposables with unique features, catering to the dynamic needs of individuals and making these products more widely available to all.
Informal Market Presence of Disposables in Latin America
Reports suggest that one in every five adults in Latin America uses a vape. A significant percentage of people smoking is declining in all age groups except for the 18-24 year age bracket, proving that vaping is increasingly becoming popular among the younger audience. This has led to the growth of new disposable vape manufacturers like Esco Bars in Latin America. They are continuously producing advanced versions of disposables with exclusive features, catering to the dynamic needs of individuals and making these products more widely available to all.
CBD and THC Brand Opportunities
Disposable vapes have various kinds of e-liquids, with CBD and THC oils being the most commonly used. As the vape market expands, big brands dealing with CBD and THC see a great opportunity for their business. Usually, CBD companies in the USA have fewer restrictions on the exports of their goods and are easily accessible. This is because CBDs are not controlled in the USA as much as they are in Canadian markets. Thus, they might infiltrate the Latin American market for disposable vapes, seeing their increasing popularity.
Conclusion
Disposable vapes are safer than traditional cigarettes if filled with high-quality, authentic e-juices. The market for these vapes is dramatically expanding worldwide and even more so in Latin America. The affordability, easy accessibility, and wide variety of products emerging in the market with lucrative features and unique flavors are contributing factors to the craze for disposable vapes in the present scenario.
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ReplyDeleteThanks for sharing!!