E-Liquid Market Size, Demand, Growth and Opportunity 2024-2032

E-Liquid Market Size, Demand, Growth and Opportunity 2024-2032

The latest report by IMARC Group, titled “E-Liquid Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028“, offers a comprehensive analysis of the industry, which comprises insights on the global E-liquid market share. The global  market is expected to exhibit a growth rate (CAGR) of 12.9% during 2023-2028.

E-liquid is a fluid mixture containing numerous base elements, such as propylene glycol (PG), vegetable glycerin, and water. It is warmed up to produce an aerosol that users inhale to simulate the sensation of smoking tobacco. Additionally, it includes flavorings and other additives that can be artificial, organic, or natural and are produced using a natural extraction process. It is also a liquid mixture of nicotine base liquid and flavoring agents used in e-cigarettes. As a result, e-liquid is widely utilized in electronic nicotine delivery systems (ENDS) and non-combustible tobacco products to create vapor, facilitate nicotine control, and offer an effective means for smoking cessation and immediate satisfaction. At present, e-liquids are easily available in numerous distribution channels, including specialty stores, online stores, hypermarkets, and supermarkets across the globe.

For an in-depth analysis, you can refer sample copy of the report: https://www.imarcgroup.com/e-liquid-market/requestsample

E-Liquid Market Trends and Drivers:

The market is primarily driven by the growing awareness of the detrimental health impacts of smoking. Additionally, the increasing consumer inclination towards e-liquid and e-cigarettes as a safer option to traditional smoking since they do not burn tobacco, thereby eliminating the production of tar and carbon monoxide, is contributing to the market growth. In line with this, the easy availability of e-liquids in numerous flavors such as menthol, chocolate, tobacco, fruit, and nuts are influencing the market growth. Moreover, the popularity of modular e-cigarettes due to the available customization options that allow users to interchange parts such as atomizers, coils, and battery mods to get the desired flavor to improve the vaping experience represents another major growth-inducing factor. Besides this, the increasing trend of do-it-yourself (DIY) in the market, where individuals can develop their e-liquid by combining numerous flavors is accelerating the product adoption rate. Along with this, the availability of e-liquids with low levels of toxicants, the growing willingness amongst smokers to quit smoking, and the rising sales of e-cigarettes are propelling market growth. Additionally, the widespread adoption of e-liquid with various nicotine strengths, including 3 mg, 6 mg, 12 mg, and 24 mg, enables users to select their e-liquids per their needs providing a positive thrust to the market growth. Apart from this, e-liquid market is growing at different rates in numerous regions, with North America being one of the largest markets due to the presence of several key players, rising health awareness among individuals, and extensive mergers and acquisitions (M&A) among leading players across the region. Moreover, the industry is expected to face competition in the upcoming years as numerous key players are implementing competitive strategies to sustain their presence in the market. For instance, in June 2019, JUUL Labs, Inc., a company that offers e-cigarettes and e-liquid products, launched a store in Toronto, Canada, allowing customers to sample and test different e-liquid flavors before purchasing.

Report Segmentation:

The report has segmented the market into the following categories:

Breakup by Flavor:

  • Menthol and Mint
  • Tobacco
  • Dessert
  • Fruits and Nuts
  • Chocolate
  • Others
     

Breakup by Base Type:

  • PG (Propylene Glycol)
  • VG (Vegetable Glycerin)
  • PG and VG

Breakup by Type:

  • Pre-Filled
  • Bottled 

Breakup by Distribution Channel:

  • Supermarkets and Hypermarkets
  • Specialty Stores
  • Online Stores
  • Others

Market Breakup by Region:

  • North America (United States, Canada)
  • Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
  • Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
  • Latin America (Brazil, Mexico, Others)
  • Middle East and Africa

Competitive Landscape with Key Player:

  • Black Note Inc
  • Breazy Inc
  • Crystal Canyon Vapes LLC
  • e-Liquid Factory
  • Mig Vapor LLC
  • Molecule Labs Inc
  • Mt Baker Vapor LLC
  • Nicopure Labs LLC
  • Philip Morris International Inc
  • Turning Point Brands Inc
  • ZampleBox LLC

If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

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