E-liquid Market Share Analysis, Industry Trends, Explosive Factors of Revenue and Forecast To 2029

Research Nester published a report titled “E-Liquid Market: Global Demand Analysis & Opportunity Outlook 2029” which delivers detailed overview of the global e-liquid market in terms of market segmentation by flavor, product type, distribution channel, and by region.

Further, for the in-depth analysis, the report encompasses the industry growth indicators, restraints, supply and demand risk, along with detailed discussion on current and future market trends that are associated with the growth of the market.

The e-liquid market is estimated to occupy a large revenue by growing at a notable CAGR during the forecast period, i.e., 2021 – 2029, owing to the rising openness of people for safer smoking alternatives and growing prices of conventional cigarettes. Apart from these, increasing popularity of vaping for quitting smoking and surge in demand for e-cigarettes are also expected to drive market growth.

The global e-liquid market is segmented by flavor, product type and distribution channel. Based on flavor, the tobacco segment is anticipated to grab the largest market share during the forecast period on the back of increasing demand for tobacco flavored e-liquid as a result of its ability to provide smokers with the experience of smoking real tobacco. Additionally, by product type, the bottled segment is projected to grab the largest market share in the future on the back of easy of storage and refilling of bottles.

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Geographically, the market is segmented into five major regions, namely North America, Europe, Latin America, Asia Pacific, and the Middle East & Africa. North America region is evaluated to grab the largest share in the market during the forecast period attributing to the presence of key players in the region. Moreover, the market in Asia Pacific is assessed to grow by the highest rate in the coming years owing to the increasing incidences of lung diseases in the region.

Increasing Use of Safer Smoking Alternatives to Expand Market

Since the recent years, people around the world are becoming more health conscious. The latter coupled with the rising number of cases of lung cancers as a result of smoking, is assessed to lead to growing emphasis on safer smoking options by people in the near future. Moreover, as e-cigarettes have been proven to be effective in helping people quit smoking, the demand for e-liquids is expected to witness a hike in the years to come.   

“The Final Report will cover the impact analysis of COVID-19 on this industry.”

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However, strict government rules and protocols associated with the use of e-liquids is expected to operate as key restraint to the growth of e-liquid market over the forecast period.

This report also provides the existing competitive scenario of some of the key players of the e-liquid market which includes company profiling of Breazy Inc, Black Note, Inc, BSMW Ltd., Crystal Canyon Vapes LLC, Molecule Labs, Inc, Mig Vapor LLC, Philip Morris International Inc., Nicopure Labs LLC, VMR Products LLC, Turning Point Brands, Inc., and others. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the e-liquid market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.     

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Research Nester is a leading service provider for strategic market research and consulting. We aim to provide unbiased, unparalleled market insights and industry analysis to help industries, conglomerates and executives to take wise decisions for their future marketing strategy, expansion and investment etc. We believe every business can expand to its new horizon, provided a right guidance at a right time is available through strategic minds. Our out of box thinking helps our clients to take wise decision in order to avoid future uncertainties.

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