The cigarette organization is changing. While still profitable, the billion-dollar industry has, the very first time in its history, some interesting competition due to its marketshare.
Brands like Icon Vapor (OTCPK: ICNV) are turning traditional tobacco smokers into what is the best e cig brand and, based on financial analysts, might be the next investing wunderkind.
“There’s an enormous potential ability to convert the globe far from hazardous, unsafe, cancer-causing cigarettes to your better, cleaner, healthier alternative,” says Daniel Balsiger, president of Icon Vapor. “Along with the time is now.”
The marketplace for vapor cigarettes — battery-powered inhalers that turn heated, nicotine-laced liquid into vapor — is currently small, but growing quickly.
Within a blog this past year to the Motley Fool Network, Ilana Greene, a writer and part of the financial website, wrote that, ” best e cig site can be a healthy investment for casual and everyday traders mainly because it [the vapor cigarette industry] is definitely a $300 million market … and has the development potential to be a $1 billion market share within 36 months.”
In addition, financial reports from your Wall Street Journal reported that the vapor cigarette industry made $500 million in 2012, while Wells Fargo Securities noted that sales would top $1 billion last year. (As of this printing, actual sales figures were unavailable.) Although the market for vapor cigarettes remains to be relatively dexrpky13 when compared to overall cigarette sales, utilization of the smoking alternative keeps growing at exceptional rates. Therefore, investors are expecting a boom inside the fledgling sect in the cigarette industry.
Balsiger agreed that investors would thrive to get in on the ground floor, citing expansion of 300 percent in the vapor market, with sales reaching $10 billion in the following 5yrs.
“Our goal at Icon Vapor is to assist you to tap into the $800 billion dollar opportunity that is certainly currently owned by big tobacco,” he says. “Enough time is right, as well as the vapor industry is exploding.”
It could follow that if you want to spend money on the vapor e cig, you’d be creating a wise choice. Should you choose Icon Vapor, you’d be making an even wiser one.