About E-Liquids
E-liquid refers to a liquid solution typically used in e-vapor products, also known as vapes or e-cigarettes. E-liquids generally contain different levels of nicotine, flavors, and glycerin and/or propylene glycol. An e-cigarette heats the e-liquid to produce a vapor that the user inhales. Other names for an e-liquid are vape juice, e-juice or e-fluid. The e-liquids market is dynamic and growing, with both challenges and opportunities. Players need to adapt to changing regulations, consumer preferences, and technological advancements to remain competitive and contribute to a responsible vaping landscape.
Attributes | Details |
---|
Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
CAGR | 23.58% |
The global E-Liquids market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global E-Liquids market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Halo E-liquid (United States), VMR Products LLC (United States), Turning Points Brands (United States), Nasty Juice (Malaysia), Nicvape Inc. (United States), Truvape (United Kingdom), GoodLayers (United Kingdom), Elevated Vaping (United States), Space Jam (United Kingdom) and Kings Crest (United States) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Ripe Vapes (United States), Nicquid (United States), Dinner Lady (United Kingdom), Vape Wild (United States), Black Note (United States) and Halcyon Vapors (United States).
Segmentation Overview
AMA Research has segmented the market of Global E-Liquids market by and Region.
On the basis of geography, the market of E-Liquids has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Sales Channel , the sub-segment i.e. Online Retail will boost the E-Liquids market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Halo Flavors, the sub-segment i.e. Tobacco E-liquid Flavors will boost the E-Liquids market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Nicotine Strength, the sub-segment i.e. Nicotine-free will boost the E-Liquids market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Change in lifestyle and Preference and Increasing Focus towards Online Marketing
Market Growth Drivers:
Increasing usage in E-Cigarettes and Vaporizers and Changing Consumer Preferences and Increasing Number of Vape Shops
Challenges:
Health Concern
Restraints:
Stringent Government Regulation regarding e-Liquid
Opportunities:
Growing Demand from Emerging Economies, including China, India, among others
Market Leaders and their expansionary development strategies
In December 2023, World Vapers' Alliance (WVA) and Public Health England (PHE) entered into collaboration aimed to bridge the gap between the vaping industry and public health authorities, seeking to establish harm reduction strategies and responsible vaping practices.
In October 2023, ELF Bar Mate Disposable Vape Pod System this launch by a leading disposable vape brand introduced a refillable pod system, allowing users to enjoy their preferred e-liquids while still utilizing the convenient ELF Bar format.
Key Target Audience
E-Liquids Manufacture, Research and Development (R&D) Companies, Research Organization, Federal Agencies and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.