Blog Information
- Posted By : Abhay Kumar
- Posted On : Mar 21, 2023
- Views : 68
- Category : General
- Description : According to the latest report by IMARC Group, The global E-liquid market is expected to exhibit a CAGR of 13.2% during 2022-2027.
Overview
According to the latest report by IMARC Group, “E-Liquid Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027”, The global E-liquid market is expected to exhibit a CAGR of 13.2% during 2022-2027.
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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Market Trends:
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
Note: We are in the process of updating our reports. If you want to receive the latest research data covering the time period from 2023 to 2028, along with industry trends, market size, and competitive analysis, click on the request sample report. The team would be able to deliver the latest version of the report in a quick turnaround time.
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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