About E-Juice
E-juice also known as vape juice is fluid used in vaporizers and electronic cigarettes to create vapor. It comes in a variety of flavors and nicotine levels also including zero nicotine options. Further, vaporizer heats up the E-juice to 200 to 400 degrees Fahrenheit which turns it into vapor that you then inhale. Also, it is made of propylene glycol (PG) or vegetable glycerin (VG), food flavoring and water. The increasing awareness about the advantages of E-juice smoking as compared to tobacco smoking is increasing the growth of e-juice market during the forecast period.
Attributes | Details |
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Study Period | 2019-2029 |
Base Year | 2023 |
Unit | Value (USD Million) |
In the ever-evolving E-Juice Market, understanding the competitive landscape is crucial for strategic decision-making. Our analysis provides a detailed overview of key players, both established and emerging, within this industry. We assess their market share, core competencies, and growth strategies, allowing stakeholders to gauge their competitive positioning. Analyst at AMA Research estimates that United States Vendors will contribute the maximum growth to Global E-Juice market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Black Note (United States), Crystal Canyon Vapes LLC (United States), eLiquid Factory (United States), Halo (United States), Henley Vape (United States), Highbrow Vapor (United States), Mt Baker Vapor (United States), Vape Dudes (United States), VaporFi, Inc (United States) and Virgin Vapo (United States) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are VMR Products LLC (United States) and ZampleBox, LLC. (United States).
Segmentation Overview
AMA Research has segmented the market of Global E-Juice market by Type (6mg Nicotine, 3mg Nicotine, 0mg Nicotine and 12mg Nicotine) and Region.
On the basis of Type, 6mg Nicotine are dominating the market in the year 2023 where as 3mg Nicotine stood as second largest market share.
On the basis of geography, the market of E-Juice 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). North America region held largest market share in the year 2023. Asia Pacific, on the other hand, stood as the second largest market due to the presence of key companies in the region and high technological advancement. If we see Market by Cartridge Tank, the sub-segment i.e. Prefilled will boost the E-Juice market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Distribution Channel, the sub-segment i.e. Online will boost the E-Juice market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Ingredients, the sub-segment i.e. Propylene Glycol will boost the E-Juice market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Flavors, the sub-segment i.e. Mint & Menthol will boost the E-Juice market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Lower Level of Toxicants in E-Juice
Market Growth Drivers:
Increasing Awareness about the Advantages of E-Juice Smoking over Tobacco Smoking and Increasing Health Awareness Have Increased the Demand for E-Cigarette Devices
Challenges:
Governmental Regulations Related to E-Juice
Restraints:
Side Effects of E-Juice Like Dehydration, Dry Mouth and Others
Opportunities:
Increasing Trend of Quitting Tobacco Cigarette and Increasing Popularity of Flavored E-Juice and The Untapped Market in Asia Pacific Region
Market Leaders and their expansionary development strategies
In August 2023, Cross-Industry Collaborations has started partnership with candy company which is innovative partnerships extend beyond the vape industry itself. It's crucial for all parties involved to prioritize responsible marketing, age verification measures, and adherence to regulations to ensure the responsible development and marketing of vape products.
In September 2023, SMOK RPM has launched 80 Pro Kitth it isvape kit boasts a powerful battery, adjustable wattage, and PnP coils for versatile vaping experiences. The SMOK RPM 80 Pro Kit appears to be a well-equipped option for experienced vapers seeking a versatile and customizable vaping experience. However, it's crucial to prioritize safety, responsible use, and adherence to local regulations when considering any vaping product.
The regulations require disclosure of ingredients used in e-cigarette liquids, proof of safety of those ingredients, and regulation of the devices used to vaporize and deliver the liquid. The FDA proposed regulation would ban the sale of e-cigarettes with nicotine to any individual under 18 years of age
Key Target Audience
Manufacturers of E-Juice, Suppliers of E-Juice Sub Components, Wholesalers, Distributors and Retailers of E-Juice, Governmental Bodies, Regulatory Organization and Research Firms
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.