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E-Liquid Market

E-Liquid Market by Base Type (Propylene glycol and Vegetable glycerine), By Product (Pre-filled, E-liquid and Bottled E-liquid), By Flavour (Mint & Menthol, Tobacco, Dessert, Fruits & Nuts, Chocolate, and Others), By Distribution Channel (Online, Online Resellers, Online Websites, and Retail), and By Region - Industry Analysis & Forecast to 2033

Base Year: 2022

Historical Data: 2018-2021

Report ID: TRI24

Published : Jan 2023

Pages : 131

Category : Food & Beverages

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Market Highlights

The global e-liquid market was valued at USD 8 billion in 2023 and is anticipated to reach USD 29.2 billion by 2033 at a CAGR of 13.82%.

E-Liquid Market CAGR

2023-2033

E-Liquid Market
CAGR OF
13.82%
E-Liquid Market
62d2ca698a958e0634cec8209ac6eb87.png
North America Europe Asia Pacific Middle East Africa 2022 2023 2033 13.82%


E-liquid is known as e-juice or vape juice is the liquid that is converted into vapor by an e-cigarette device. E-liquids are composed of propylene glycol, vegetable glycerine, nicotine, and flavoring agents.
This market research report provides in-depth information on trends, dynamics, revenue opportunities, competitive landscape, and recent developments in the overall market. The historic years considered for the study are 2018-2021, the base year is 2022, the estimated year is 2023, and the forecast period is 2023-2033.


E-liquid Market: Market Dynamics

The market is expected to witness an impressive growth for the next coming years, with the increasing trend of e-cigarettes coupled with vaping which has contributed to less environmental footprint compared to cigarette buds, across the globe. Vaping has delivered more advantages as it helps smokers for the lesser intake of tar and nicotine. Furthermore, in the era of digitalization, social media influencers about vaping also further fuel the growth of the market.
However, the chemical in the e-cigarette is still unknown to many consumers, which can act as a hindrance to the market growth. Although, to overcome these hurdles, manufacturers in the e-liquid market are selling vape juice after seeking premarket authorization from the Food and Drug Administration (FDA).


E-liquid Market: Segmental Analysis

E-Liquid Market

By Base Type

Propylene glycol
Vegetable glycerine
2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 2033 18 16 14 12 10 8 6 4 2 0 XX XX XX XX XX XX XX XX XX XX XX
The Market will Grow
At the CAGR of:
13.82%
The Forecast Market
Size for 2033 in USD:
$29.2B
62d2ca698a958e0634cec8209ac6eb87.png


The global E-liquid market can be segmented into base type, product, flavor, distribution channel, and region.
Based on base type, the market is segmented into Propylene glycol and Vegetable Glycerine. Based on the flavor, the market is further classified into mint & menthol, tobacco, desserts, chocolate, and fruits & nuts. Among them, the fruits & nuts segment is expected to witness the maximum growth rate during the forecast period.

E-Liquid Market

By Product

The Research Intellica XX%
Pre-filled
E-liquid and Bottled E-liquid
62d2ca698a958e0634cec8209ac6eb87.png
8
Total Market Size
USD (Billion), 2023
13.82%
CAGR
2023 - 2033


Based on the distribution channel, the market is segmented into online distributors, online resellers, and retailers. The online distributors segment accounted for the largest market share in 2020, which is also anticipated to drive the growth of the market during the forecast period. This is attributed to growing e-commerce industry across the globe.


E-liquid Market: Regional Analysis

E-Liquid Market

By Region

EUROPE $ XX
The Market will Grow
At the CAGR of:
13.82%
The Forecast Market
Size for 2033 in USD:
$29.2B
62d2ca698a958e0634cec8209ac6eb87.png


Geographically, the healthcare fraud analytics market is classified into Europe, North America, Asia-Pacific, South America, and the Middle East & Africa. North America region accounted for the largest market share in 2022, which is expected to show significant growth during the forecast period. This is attributed to the growing popularity of the e-liquid and vape devices and also the presence of leading manufacturers in the region.


E-liquid Market: Competition Scenario

The key market players are Dynamic Creations, Mig Vapor LLC, VaporFi, Inc., VMR Products LLC, Black Note, VistaVapors, Inc., and ZampleBox LLC. Nicopure Labs LLC., Silver Laboratories (Basix eLiqiuids), Humble Juice Co., Fuggin Vapor Co., Savage Enterprises, LLC., USA Vape Labe, Molecule Labs, Inc., Mt baker Vapor, VapeWild, Vapor Labs, Mr. Macaron Vapes Corporation, Smax Holdings LLC (Smax E-Liquids), and BSMW Ltd.


Critical Questions Answered in the report

•    What are the key trends in the market?
•    How the market (and its various sub segments) has grown in the last four years and what would be the growth rate in the next five years?
•    What are the key strategies adopted by the major vendors to lead the market?
•    What is the market share of the top players?


Research Methodology

The study extensively uses both secondary and primary research methodologies. More than 100 to 200 industry experts from different phases of the value chain (supply side, demand side, resellers/distributors, and independent consultants) were interviewed to gain key insights about the market and validate the research findings. Secondary sources referred for the research study include company websites, annual reports, paid database tools, investor presentations, webinars, blogs, news/journals, white papers, survey papers, associations, and government websites. All the collected data and insights were then processed using our proprietary data mining software that executes algorithms to make projections for the forecast period.

E-Liquid Market Scope:

Report DataE-Liquid Market 
E-Liquid Market Forecast Value 2033 29.2Billion
E-Liquid Market CAGR 2023 - 203313.82%
E-Liquid Market Forecast Period2023 - 2033
E-Liquid Market Base Year2022
Regional ScopeNorth America, Europe, Asia Pacific, South America, and Middle East & Africa
Key Companies ProfiledDynamic Creations, Mig Vapor LLC, VaporFi, Inc., VMR Products LLC, Black Note, VistaVapors, Inc., and ZampleBox LLC. Nicopure Labs LLC., Silver Laboratories (Basix eLiqiuids), Humble Juice Co., Fuggin Vapor Co., Savage Enterprises, LLC., USA Vape Labe, Molecule Labs, Inc., Mt baker Vapor, VapeWild, Vapor Labs, Mr. Macaron Vapes Corporation, Smax Holdings LLC (Smax E-Liquids), and BSMW Ltd..
Key Segments

By Base Type

Propylene glycol 

Vegetable glycerine

By Product

Pre-filled

E-liquid and Bottled E-liquid

By Flavour 

Mint & Menthol

Tobacco

Dessert

Fruits & Nuts

Chocolate

Others

By Distribution Channel

Online

Online Resellers

Online Websites

Retail

By Region

North America

Europe

Asia-Pacific

South America

Middle-East & Africa

Report CoverageMarket Sizing, Market Forecasting, Market Dynamics, Market Trends, Market Development Analysis, Market Share Analysis, Regional Analysis, Competitive Positioning, Competitive Benchmarking, Competitive Landscape, Company Profiling, Regulation Analysis, etc.

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