Global ELiquids Market By Base Overview
E-liquids Market was valued at US$ 2.3 billion in 2024 and is projected to grow at a CAGR of 14.4% to reach US$ 8.2 billion by 2034.
E-liquid is also known as e-juice which is a mixture used in the various vapor products. This liquid is usually containing propylene glycol, glycerin, nicotine, flavorings, additives, and differing amounts of contaminants. Such liquids are heat up to the point still it becomes a vapor. These products are used to inhaled, in the e-cigarettes or vape devices. E-liquids are available in various types such as regular cigarettes, like cigars, pipes, pens and USB flash drives, and with number of flavors such as menthol, mint, chocolate, cola and different fruits in the market in the market.
Disclaimer: This data is only a representation. Actual data may vary and will be available in the report.
Global ELiquids Market By Base Dynamics
E-Liquids Market Dynamics
E-liquid vaping provide considerable amount of advantages as compared to traditional smoking to the smokers. It is used to help smokers in order to reduce the consumption of tar and nicotine, which has led various smokers partially or completely quitting smoking. These health benefits are propelling the demand for E-Liquid market. For instance, Public Health England has claimed that e-cigarettes are 95% harmless than smoked tobacco. Additionally, e-cigarettes are cost effective also feasible to use with various flavor and availability of number of different models, such factor attract more smoker and boost the target market growth. Availability traditional substitute such as tobacco cigarettes, and cigar are major factor hampering the target market growth. Research and development to reduce the nicotine intake and the harmful effect of e-citrate with introducing new flavor product will provide an opportunity to the market.
Recent Development:
- In March 2023, Altria announced a formal deal to buy NJOY Holdings, Inc., consolidating its position as the only global owner of NJOY's e-vapor product portfolio. Taking into account NJOY's e-vapor intellectual property, Altria placed itself to create a new platform for future innovation. Altria's takeover of NJOY was a turning point in the e-vapor sector, demonstrating the company's dedication to staying ahead of emerging technology and market trends.
- In May 2022, Innokin Technology introduced Lota, a brand-new sub-brand. Aquios Labs released AQ30, a water-based vape juice with an impressive 30% water concentration. Innokin's entry into the water-based vape juice market with AQ30 underscores the company's commitment to improving technology and fulfilling changing customer expectations in the vaping arena.
Global ELiquids Market By Base Key Players
The key players operating in the E-liquids Market includes VMR Products LLC, Mig Vapor LLC, VaporFi, Inc., Black Note, Nicopure Labs LLC, VistaVapors, Inc., ZampleBox, LLC., Fuggin Vapor Co., Silver Laboratories (Basix eLiqiuids), and Humble Juice Co.
Global ELiquids Market By Base Company Profile
- VMR Products LLC
- Mig Vapor LLC
- VaporFi, Inc.
- Black Note
- Nicopure Labs LLC
- VistaVapors, Inc.
- ZampleBox, LLC.
- Fuggin Vapor Co.
- Silver Laboratories (Basix eLiqiuids)
- Humble Juice Co.
Global ELiquids Market By Base Table of Contents
Research Objective and Assumption
- Preface
- Research Objectives
- Study Scope
- Years Considered for the study
- Assumptions
- Abbreviations
Research Methodology
- Research data
- Primary Data
- Primary Interviews
- Primary Breakdown
- Key data from Primary Sources
- Key Thickness Insights
- Secondary Data
- Major Secondary Sources
- Secondary Sources
- Market Estimation
- Top-Down Approach
- Approach for estimating Market Share by Top-Down Analysis (Supply Side)
- Bottom-Up Approach
- Approach for estimating market share by Bottom-up Analysis (Demand Side)
- Market Breakdown and Data Triangulation
- Research Assumptions
Market Preview
- Executive Summary
- Key Findings—Global Outlook for medical carts Strategies
- Key Questions this Study will Answer
- Market Snippet, By Base Type
- Market Snippet, By Sales Channel
- Market Snippet, By Flavor
- Market Snippet, By Region
- Opportunity Map Analysis
- Executive Summary—3 Big Predictions
Market Dynamics, Regulations, and Trends Analysis
- Market Dynamics
- Drivers
- Restrains
- Market Opportunities
- Market Trends
- DR Impact Analysis
- PEST Analysis
- Porter’s Five Forces Analysis
- Opportunity Orbit
- Market Investment Feasibility Index
- Macroeconomic Factor Analysis
E-Liquids Market, By Base Type, Forecast Period up to 10 Years, (US$ Bn)
- Overview
- Market Value and Forecast (US$ Bn), and Share Analysis (%), Forecast Period up to 10 Years
- Y-o-Y Growth Analysis (%), Forecast Period up to 10 Years
- Segment Trends
- PG & VG
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
- Vegetable Glycerin
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
- Propylene Glycol
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
E-Liquids Market, By Sales Channel, Forecast Period up to 10 Years, (US$ Bn)
- Overview
- Market Value and Forecast (US$ Bn), and Share Analysis (%), Forecast Period up to 10 Years
- Y-o-Y Growth Analysis (%), Forecast Period up to 10 Years
- Segment Trends
- Hypermarkets/Supermarkets
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
- Convenience Stores
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
- Specialty Stores
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
- Independent Small Groceries
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
- Online Retail
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
E-Liquids Market, By Flavor, Forecast Period up to 10 Years, (US$ Bn)
- Overview
- Market Value and Forecast (US$ Bn), and Share Analysis (%), Forecast Period up to 10 Years
- Y-o-Y Growth Analysis (%), Forecast Period up to 10 Years
- Segment Trends
- Original Tobacco
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
- Mint & Menthol
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
- Fruits & Candy
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
- Chocolate
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
- Others
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
E-Liquids Market, By Region, Forecast Period up to 10 Years, (US$ Bn)
- Overview
- Market Value and Forecast (US$ Bn), and Share Analysis (%), Forecast Period up to 10 Years
- Y-o-Y Growth Analysis (%), Forecast Period up to 10 Years
- Regional Trends
- North America
- Market Size and Forecast (US$ Bn), By Base Type, Forecast Period up to 10 Years
- Market Size and Forecast (US$ Bn), By Sales Channel, Forecast Period up to 10 Years
- Market Size and Forecast (US$ Bn), By Flavor, Forecast Period up to 10 Years
- Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
- U.S.
- Canada
- Europe
- Market Size and Forecast (US$ Bn), By Base Type, Forecast Period up to 10 Years
- Market Size and Forecast (US$ Bn), By Sales Channel, Forecast Period up to 10 Years
- Market Size and Forecast (US$ Bn), By Flavor, Forecast Period up to 10 Years
- Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
- UK
- France
- Germany
- Russia
- Italy
- Rest of Europe
- Asia Pacific
- Market Size and Forecast (US$ Bn), By Base Type, Forecast Period up to 10 Years
- Market Size and Forecast (US$ Bn), By Sales Channel, Forecast Period up to 10 Years
- Market Size and Forecast (US$ Bn), By Flavor, Forecast Period up to 10 Years
- Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
- India
- Japan
- South Korea
- China
- Rest of Asia Pacific
- Latin America
- Market Size and Forecast (US$ Bn), By Base Type, Forecast Period up to 10 Years
- Market Size and Forecast (US$ Bn), By Sales Channel, Forecast Period up to 10 Years
- Market Size and Forecast (US$ Bn), By Flavor, Forecast Period up to 10 Years
- Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- Market Size and Forecast (US$ Bn), By Base Type, Forecast Period up to 10 Years
- Market Size and Forecast (US$ Bn), By Sales Channel, Forecast Period up to 10 Years
- Market Size and Forecast (US$ Bn), By Flavor, Forecast Period up to 10 Years
- Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
- GCC
- Israel
- South Africa
- Rest of Middle East
Competitive Landscape
- Heat Map Analysis
- Market Presence and Specificity Analysis
Company Profiles
- VMR Products LLC
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Overview
- Business Strategies
- Mig Vapor LLC
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Overview
- Business Strategies
- VaporFi, Inc.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Overview
- Business Strategies
- Black Note
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Overview
- Business Strategies
- Nicopure Labs LLC
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Overview
- Business Strategies
- VistaVapors, Inc.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Overview
- Business Strategies
- ZampleBox, LLC.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Overview
- Business Strategies
- Fuggin Vapor Co.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Overview
- Business Strategies
- Silver Laboratories (Basix eLiqiuids)
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Overview
- Business Strategies
- Humble Juice Co.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Overview
- Business Strategies
The Last Word
- Future Impact
- About Us
- Contact
FAQs
E-Liquids Market Segmentation by Base Type, Sales Channel, Flavor and regional
Additionally, e-cigarettes are cost effective also feasible to use with various flavor and availability of number of different models, such factor attract more smoker and boost the target market growth.
North America dominated the e-liquid market and accounted for the largest revenue share of over 40.0% in 2020. This can be attributed to the presence of key vendors such as JUUL Labs, Inc.; Philip Morris International Inc.; Turning Point Brands, Inc.; and Nicquid in the region.
E-Liquids Market Key players VMR Products LLC, Mig Vapor LLC, VaporFi, Inc., Black Note, Nicopure Labs LLC, VistaVapors, Inc., ZampleBox, LLC., Fuggin Vapor Co., Silver Laboratories (Basix eLiqiuids), Humble Juice Co.