Global E-Liquid Market to Grow at 12.9% During 2023-2028, Propelled by Shifting Consumer Inclination Toward E-Cigarettes

July 25, 2022 | Food & Beverages

According to the latest report by IMARC Group, titled "E-liquid Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028," the global E-liquid market is expected to grow at a CAGR of 12.9% during 2023-2028. E-liquid refers to a fluid mixture composed of various base ingredients, including vegetable glycerin, propylene glycol (PG), and water. It is warmed up to create an aerosol, which is inhaled by consumers to mimic the sensation of smoking tobacco. Unlike traditional tobacco-based products, e-liquid does not comprise toxic substances, such as diacetyl, acetyl, diethylene glycol, acetone, propionyl, and diacetyl. Apart from this, e-liquid involves flavorings and other additives that can be natural, artificial, or organic. Consequently, it is extensively used in electronic nicotine delivery systems (ENDS) and non-combustible tobacco products for creating vapor, controlling nicotine dosage, and offering effective smoking cessation and instant satisfaction.

Global E-liquid Market Trends:

The shifting consumer inclination towards e-liquid and e-cigarettes as an alternative due to the growing consumer awareness regarding the several detrimental effects of consuming various tobacco-based products is primarily driving the market growth. In line with this, the increasing willingness amongst individuals to quit smoking and the escalating overall sales of e-cigarettes are augmenting product demand across the market. Additionally, the rising environmental concerns have resulted in the emerging trend of eco-friendly vaping, which helps eliminate the ecological load of disposing of huge volumes of discarded cigarette butts and reduce degradation caused by the cultivation of tobacco. Moreover, the widespread adoption of vaping devices, especially amongst the young population, owing to their multiple beneficial properties, including cost-effectiveness, easy availability, and customizability, are propelling the market growth. Apart from this, the introduction of technologically advanced e-cigarettes to provide an enhanced vaping experience, and strategic collaborations amongst key players to introduce e-liquid in varying flavors and innovative design kits, along with their easy availability across several distribution channels, are positively stimulating the market growth.

Market Summary

On the basis of the flavor, the market has been divided into menthol and mint, tobacco, dessert, fruit and nuts, chocolate, and others.
Based on the base type, the market has been segregated into PG (propylene glycol), VG (vegetable glycerin), and PG and VG.
On the basis of the type, the market has been bifurcated into pre-filled and bottled.
Based on the distribution channel, the market has been segmented into supermarkets and hypermarkets, specialty stores, online stores, and others.
On regional basis, the market has been segmented into North America (the United States and Canada), Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others), Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others), Latin America (Brazil, Mexico, and others), and Middle East and Africa.
The competitive landscape of the industry has also been examined, with some of the key 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.

Report Scope:

Report Features	Details
Base Year of the Analysis	2022
Historical Period	2017-2022
Forecast Period	2023-2028
Units	US$ Billion
Segment Coverage	Flavor, Base Type, Type, Distribution Channel, Region
Region Covered	Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered	United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered	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
Customization Scope	10% Free Customization
Report Price and Purchase Option	Single User License: US$ 2499 Five User License: US$ 3499 Corporate License: US$ 4499
Post-Sale Analyst Support	10-12 Weeks
Delivery Format	PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

About Us:

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

Contact Us:

IMARC Group
30 N Gould St, Ste R
Sheridan, WY 82801, USA
Website: https://www.imarcgroup.com/
Email: sales@imarcgroup.com
Americas: +1-631-791-1145 | Europe & Africa: +44-753-713-2163 | Asia: +91-120-433-0800

Need more help?

Speak to our experienced analysts for insights on the current market scenarios.
Include additional segments and countries to customize the report as per your requirement.
Gain an unparalleled competitive advantage in your domain by understanding how to utilize the report and positively impacting your operations and revenue.
For further assistance, please connect with our analysts.

Global E-Liquid Market to Grow at 12.9% During 2023-2028, Propelled by Shifting Consumer Inclination Toward E-Cigarettes

Purchase options Year End sale

Single User License ~~$2499~~ $2249
Five User License ~~$3499~~ $2974
Corporate License ~~$4499~~ $3599

Inquire Before Buying

Benefits of Customization

Personalize this research

Triangulate with your data

Get data as per your format and definition

Gain a deeper dive into a specific application, geography, customer, or competitor

Any level of personalization

Speak to an Analyst

Request Brochure

Get in Touch With Us

UNITED STATES

Phone: +1-631-791-1145

INDIA

Phone: +91-120-433-0800

UNITED KINGDOM

Phone: +44-753-713-2163

Email: sales@imarcgroup.com

Client Testimonials

IMARC made the whole process easy. Everyone I spoke with via email was polite, easy to deal with, kept their promises regarding delivery timelines and were solutions focused. From my first contact, I was grateful for the professionalism shown by the whole IMARC team. I recommend IMARC to all that need timely, affordable information and advice. My experience with IMARC was excellent and I can not fault it.

The IMARC team was very reactive and flexible with regard to our requests. A very good overall experience. We are happy with the work that IMARC has provided, very complete and detailed. It has contributed to our business needs and provided the market visibility that we required

We were very happy with the collaboration between IMARC and Colruyt. Not only were your prices competitive, IMARC was also pretty fast in understanding the scope and our needs for this project. Even though it was not an easy task, performing a market research during the COVID-19 pandemic, you were able to get us the necessary information we needed. The IMARC team was very easy to work with and they showed us that it would go the extra mile if we needed anything extra

Last project executed by your team was as per our expectations. We also would like to associate for more assignments this year. Kudos to your team.

We would be happy to reach out to IMARC again, if we need Market Research/Consulting/Consumer Research or any associated service. Overall experience was good, and the data points were quite helpful.

Arabian Plastic Manufacturing Company Ltd.

The figures of market study were very close to our assumed figures. The presentation of the study was neat and easy to analyse. The requested details of the study were fulfilled. My overall experience with the IMARC Team was satisfactory.

The overall cost of the services were within our expectations. I was happy to have good communications in a timely manner. It was a great and quick way to have the information I needed.

My questions and concerns were answered in a satisfied way. The costs of the services were within our expectations. My overall experience with the IMARC Team was very good.

I agree the report was timely delivered, meeting the key objectives of the engagement. We had some discussion on the contents, adjustments were made fast and accurate. The response time was minimum in each case. Very good. You have a satisfied customer.

We would be happy to reach out to IMARC for more market reports in the future. The response from the account sales manager was very good. I appreciate the timely follow ups and post purchase support from the team. My overall experience with IMARC was good.

IMARC was a good solution for the data points that we really needed and couldn't find elsewhere. The team was easy to work, quick to respond, and flexible to our customization requests.