A recent report published by Infinium Global Research on the e-liquid market provides in-depth analysis of segments and sub-segments in the
global as well as regional e-liquid market. The study also highlights the
impact of drivers, restraints, and macro indicators on the global and regional
e-liquid market over the short term as well as long term. The report is a
comprehensive presentation of trends, forecast and dollar values of the global
e-liquid market. According to the report, the global e-liquid market is projected
to grow at a CAGR of 16.4% over the forecast period of 2019-2025.
E-liquid is emerging as a solution to reduce smoking. It is
also known as vape juice. It is a blend of nicotine, flavoring agent, and base
liquid. It does not produce smoke and thus prevents passive smoking. Different
flavors are used in e-liquid such as mint and menthol, chocolate, fruits, and
nuts. These are used in e-cigarettes that reduce the risk of lung disorders.
E-liquids are rapidly used in vaporizers and e-cigarettes.
The rising trend of eco-friendly vaping and e-cigarettes drives the growth of
the e-liquid market. Eco-friendly vaping eliminates an environmental load of
disposing of a large volume of discarded cigarette butts. It reduces the issue
of deforestation and minimizes the degradation of the environment caused due to
the cultivation of tobacco. Further, vaping helps smokers to reduce the intake
of tar and nicotine that led smokers to quit smoking partially or completely.
Such benefits leverage the demand for liquid nicotine in the e-liquid market.
Eco-friendly vaping removes an environmental load of disposing of massive
volumes of discarded cigarette butts. Additionally, the rising awareness about
safe flavors in e-liquid propels the growth of the e-liquid market. The advancement in pod vaping technology has
a positive impact on the growth of the e-liquid market. Furthermore, the
growing adoption of e-liquid in the form of vape mods, pod vapes, and vape pens
as a safe alternative to conventional cigarettes will augment the expansion of
the e-liquid market. E-liquid is made with natural extraction method leading to
the popularity of the market. These products are free from chemical additives
and offer a pure taste of nicotine made from natural nicotine leaves. The
rising demand for natural and plant-derived products boosts the market
expansion. On the flip side, the adverse effects of toxic chemicals developed
through contact of e-liquid with other ingredients hamper the growth of the
e-liquid market. Strict government regulations about the use of e-cigarettes
hinder the growth of the e-liquid market. Moreover, the development of new
flavors in the production of improved e-liquid creates several opportunities in
the global e-liquid market.
Geographically, the global E-liquid market is divided into
North America, Asia-Pacific, Europe, and the Rest of the World. North America
is expected to hold a prominent share in the global e-liquid market. The
presence of major market players and the rising popularity of vape devices in
the North America region drive the growth of the e-liquid market in the region.
Asia-Pacific region is growing in the global e-liquid market with a healthy
CAGR over the forecast period. The increasing adoption of vape flavors and
e-cigarettes and the surge in the number of patients with lung cancers caused
due to tobacco smoking in Asia-Pacific propel the expansion of the e-liquid
market in the region. Europe has lucrative growth opportunities in the global
e-liquid market owing to the growing e-cigarette industry in Europe.
The report on global e-liquid market covers segments such as
flavor, base, and sales channel. On the basis of flavor, the sub-markets
include mint and menthol, original tobacco, dessert, fruits and candy,
chocolate, and other flavors. On the basis of base, the sub-markets include
propylene glycol, pg& vg, and vegetable glycerin. On the basis of sales
channel, the sub-markets include supermarkets/ hypermarkets, specialty stores,
online retail, and other channels.
The report provides profiles of the companies in the market
such as Mig Vapor LLC, VaporFi, Inc., Nicopure Labs LLC, Black Note,
VistaVapors, Inc., Fuggin Vapor Co., ZampleBox, LLC, Humble Juice Co., USA Vape
Lab, Savage Enterprises, LLC, and Other companies.
The report provides deep insights into the demand forecasts,
market trends, and micro and macro indicators. In addition, this report
provides insights into the factors that are driving and restraining the growth
in this market. Moreover, The IGR-Growth Matrix analysis given in the report
brings an insight into the investment areas that existing or new market players
can consider. The report provides insights into the market using analytical
tools such as Porter's five forces analysis and DRO analysis of e-liquid
market. Moreover, the study highlights current market trends and provides
forecast from 2019-2025. We also have highlighted future trends in the market
that will affect the demand during the forecast period. Moreover, the competitive
analysis given in each regional market brings an insight into the market share
of the leading players.