IMARC Group, a leading market research company, has released a report titled “E-Liquid Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028“. According to the report, The global E-liquid market is expected to exhibit a growth rate (CAGR) of 12.9% during 2023-2028.
E-liquid is a fluid-filled in electronic nicotine delivery systems (ENDS), such as vape pens and e-cigarettes, to generate vapor. The battery in these devices provides energy to heat the e-liquid, which turns it into a smooth vapor upon inhalation. E-liquids are available in both nicotine and non-nicotine variants with additional ingredients, such as propylene glycol (PG), water, vegetable glycerin (VG), and flavoring chemicals. These liquids can be formulated with different nicotine levels depending on consumer preferences.
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E-Liquid Market Trends and Drivers:
The rising adoption of e-cigarettes as a safer alternative to smoking is primarily driving the global e-liquid market as they generate less tar and carbon monoxide (CO). Moreover, increasing usage of e-cigarettes by the young demographic is propelling the market growth. Additionally, the availability of new flavors in e-liquids, such as blueberry and menthol, is expanding the acceptability of e-cigarettes amongst non-smokers, which is catalyzing the market growth further. Besides this, awareness campaigns by governments of several nations to curb the consumption of tobacco are creating a positive outlook for the market.
Competitive Landscape:
- 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.
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The report has segmented the market on the basis of Product Type, Distribution Channel, Packaging Type and Region.
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
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
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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