According to the latest report of the IMARC group, entitled “E-Liquids Market: Global Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2021-2026, the market is expected to grow at a CAGR of around 15% over the next five years.
E-liquid is a fluid filled in electronic nicotine delivery systems (ENDS), such as vape pens and electronic cigarettes, to generate vapor. The battery of these devices provides energy to heat the e-liquid, which turns it into a smooth vapor upon inhalation. E-liquids are available in nicotine and non-nicotine variations with additional ingredients, such as propylene glycol (PG), water, vegetable glycerin (VG), and flavoring chemicals. These liquids can be formulated with different levels of nicotine depending on the preferences of the consumers.
The growing adoption of electronic cigarettes as a safer alternative to smoking is primarily driving the global e-liquids market as they generate less tar and carbon monoxide (CO). In addition, the increasing use of electronic cigarettes by the young population is propelling the growth of the market. Additionally, the availability of new flavors in e-liquids, such as blueberry and menthol, is expanding the acceptability of e-cigarettes among non-smokers, further catalyzing the growth of the market. In addition to this, awareness campaigns carried out by governments in several countries to reduce tobacco consumption are creating positive prospects for the market.
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Note: We regularly monitor the direct effect of COVID-19 on the market, as well as the indirect influence of related industries. These observations will be incorporated into the report.
Analysis and segmentation of the e-liquids market 2021-2026:
The competitive landscape of the industry was also examined along with the profiles of major players being 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. and ZampleBox LLC.
For more information on this report visit: https://www.imarcgroup.com/e-liquid-market
The report has segmented the market on the basis of product type, distribution channel, packaging type, and region.
Breakdown by flavor:
- Menthol and Mint
- the tobacco
- Fruits and Nuts
Breakdown by type of base:
- PG (Propylene Glycol)
- VG (vegetable glycerin)
- PG and VG
Breakdown by type:
Breakdown by distribution channel:
- Supermarkets and hypermarkets
- Specialty stores
- Online stores
Breakdown by region:
- North America
- Asia Pacific
- South Korea
- Latin America
- Middle East and Africa
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