The global demand for E-Liquids Market is presumed to reach the market size of nearly USD 17.12 MN by 2028 from USD 3.3 MN in 2021 with a CAGR of 26.5% under the study period of 2022 - 2028. Regarding volume, the market was calculated XX Unit in 2021 and forecast to touch XX Unit by 2028 with a CAGR of XX% during 2022-2028.
E-Liquids are otherwise called e-juice or vape juice, and it's a mixture of base liquid, nicotine and a flavoring agent employed in electronic cigarettes. Passive smoking can be avoided via E-liquids as they do not generate smoke. Different flavors are used in E-liquids, such as mint and menthol, chocolate, fruits and nuts, etc. E-liquids employed in electronic cigarettes minimize the chance of lung disorders since it eliminates the tobacco burning process, which usually occurs in traditional smoking. E-liquids are heated in electronic cigarettes to produce vapor, which makes an aerosol; thus, it replaces traditional cigarettes and traditional smoking. E-liquids generally improve immunity, lower blood pressure, ease breathing, and normal lung functioning.
Market Dynamics
The increasing prices of traditional cigarettes promotes the demand for e-liquids globally, eventually driving the market. Technological advancement in the manufacturing of e-cigarettes is booming, thus generating demand for e-liquids to boost the vaping experience. E-liquids permit minimal inhalation of toxic substances, which reduces lung disorders, which are some factors driving the growth of the e-liquids market globally. Pod Vaping technology is booming as the most significant trend, and advancements in this technology positively impact the development of e-liquids. Furthermore, E-liquids in the form of vape pens, pod vapes and vape mods are becoming popular since it's considered technically safe options compared to traditional cigarettes. Usage of naturally extracted products in the manufacturing of e-liquids is also promoting its popularity in the market.
The report covers Porter's Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of e-liquids. The growth and trends of E-Liquids Industry provide a holistic approach to this study.
Market Segmentation
This section of the e-liquids market report provides detailed data on the segments by analyzing them at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
By Type
- PG Base
- VG Base
- Blend PG & VG
By Application
Regional Analysis
This section covers the regional outlook, which accentuates current and future demand for the E-Liquids market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
Global E-Liquids Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the e-liquids market include Halo, VMR Product, Turning Points Brands, Nasty Juice, NicVape, Truvape, VaporCast, Space Jam, Kings Crest, Ripe Vapes, Nicquid, Dinner Lady, Vape Wild, Black Note, Halcyon Vapors. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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