Market Overview:
The global e-liquids market is expected to grow at a CAGR of XX% during the forecast period from 2018 to 2030. The growth in the market can be attributed to factors such as rising demand for vapor products, increasing awareness about the benefits of vaping over smoking, and growing number of vape shops. The global e-liquids market is segmented on the basis of type, application, and region. On the basis of type, it is divided into PG base, VG base, and blend PG & VG. The PG base segment accounted for a major share in 2017 owing to its properties such as high flavor intensity and low viscosity that make it ideal for use in vape pens and cigalikes. However, with an increasing preference for sub-ohm vaping among vapers across the globe, VG base is expected to witness higher growth during the forecast period. On the basis of application, retail accounted for a major share in 2017 owing to increased adoption by first time vapers who are looking for personalization options while choosing their e-liquid flavors and nicotine strengths.
Product Definition:
E-liquid, also called e-juice, is a fluid used in electronic cigarettes and vaporizers. The fluid consists of propylene glycol, vegetable glycerin, nicotine and flavorings.
PG Base:
PG Base is Propylene Glycol base, it's a clear and water-soluble liquid. It has the ability to withstand high temperatures without decomposing or changing its chemical properties. PG Base can be used in electronic cigarettes, vapor products and food & beverage applications.
PG based e-liquid contains glycerol as a major ingredient which acts as an emulsifier, solubilizer and flavor carrier for the product.
VG Base:
VG base is vegetable glycerin and it's a natural, colorless, odorless liquid that is extracted from plant oils. It has the same molecular structure as sugar (carboxylate) and can be used in e-liquid formulations. It helps in creating an ideal vaping environment by providing the right amount of flavor and vapor production with every puff.
Application Insights:
Based on the application, the global market has been segmented into retail and online. The online segment dominated the overall market in 2017 and is expected to maintain its lead over the forecast period. This can be attributed to factors such as increasing internet users globally, growing preference for e-liquid flavors by consumers, availability of various flavors across most major countries in Asia Pacific and North America; coupled with rising disposable income among consumers in developing regions such as Latin America.
The retail segment is anticipated to witness a high growth rate over the forecast period owing to rapid expansion of existing brick-and-mortar vape shops or new opening of chain stores/hypermarkets/supermarkets etc., especially in developed regions like North America and Europe.
Regional Analysis:
North America dominated the global market in 2017. The region is expected to maintain its position during the forecast period owing to high disposable income, technological advancements, and availability of a large consumer base. Asia Pacific is anticipated to witness significant growth over the next eight years due to increasing disposable income levels and demand for e-cigarettes from countries such as China and Japan. Furthermore, favorable regulations are also expected to drive regional growth over the forecast period. For instance, in April 2018; Hong Kong’s Health Department announced that it has approved ten types of vape devices including JUUL Labs Inc., which is considered as a major step forward for vape device manufacturers operating in China and worldwide.
The European market consists of majorly Germany, Italy, U K., France among other Eastern European countries have banned import or sale of e-cigarettes containing nicotine altogether which will further boost regional demand when they are allowed again after restriction period ends or until 2022 globally known as Tobacco Products Directive (TPD).
Growth Factors:
- Increasing demand for E-Liquids from the vaping community
- Rising awareness about the benefits of vaping over smoking
- Growing number of flavored E-Liquids available in the market
- Proliferation of online stores selling E-Liquids and related products
- Introduction of new devices that make vaping more convenient and enjoyable
Scope Of The Report
Report Attributes
Report Details
Report Title
E-Liquids Market Research Report
By Type
PG Base, VG Base, Blend PG & VG
By Application
Retail, Online
By Companies
Halo, VMR Product, Turning Points Brands, Nasty Juice, NicVape, Truvape, VaporCast, Space Jam, Kings Crest, Ripe Vapes, Nicquid, Dinner Lady, Vape Wild, Black Note, Halcyon Vapors
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
236
Number of Tables & Figures
166
Customization Available
Yes, the report can be customized as per your need.
Global E-Liquids Market Report Segments:
The global E-Liquids market is segmented on the basis of:
Types
PG Base, VG Base, Blend PG & VG
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Retail, Online
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Halo
- VMR Product
- Turning Points Brands
- Nasty Juice
- NicVape
- Truvape
- VaporCast
- Space Jam
- Kings Crest
- Ripe Vapes
- Nicquid
- Dinner Lady
- Vape Wild
- Black Note
- Halcyon Vapors
Highlights of The E-Liquids Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- PG Base
- VG Base
- Blend PG & VG
- By Application:
- Retail
- Online
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the E-Liquids Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
E-Liquids are a type of liquid that is used in electronic cigarettes. They are made up of nicotine, propylene glycol, and vegetable glycerin and come in different flavors.
Some of the major players in the e-liquids market are Halo, VMR Product, Turning Points Brands, Nasty Juice, NicVape, Truvape, VaporCast, Space Jam, Kings Crest, Ripe Vapes, Nicquid, Dinner Lady, Vape Wild, Black Note, Halcyon Vapors.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. E-Liquids Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. E-Liquids Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. E-Liquids Market - Supply Chain
4.5. Global E-Liquids Market Forecast
4.5.1. E-Liquids Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. E-Liquids Market Size (000 Units) and Y-o-Y Growth
4.5.3. E-Liquids Market Absolute $ Opportunity
5. Global E-Liquids Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. E-Liquids Market Size and Volume Forecast by Type
5.3.1. PG Base
5.3.2. VG Base
5.3.3. Blend PG & VG
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global E-Liquids Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. E-Liquids Market Size and Volume Forecast by Application
6.3.1. Retail
6.3.2. Online
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global E-Liquids Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. E-Liquids Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global E-Liquids Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. E-Liquids Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global E-Liquids Demand Share Forecast, 2019-2026
9. North America E-Liquids Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America E-Liquids Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America E-Liquids Market Size and Volume Forecast by Application
9.4.1. Retail
9.4.2. Online
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America E-Liquids Market Size and Volume Forecast by Type
9.7.1. PG Base
9.7.2. VG Base
9.7.3. Blend PG & VG
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America E-Liquids Demand Share Forecast, 2019-2026
10. Latin America E-Liquids Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America E-Liquids Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America E-Liquids Market Size and Volume Forecast by Application
10.4.1. Retail
10.4.2. Online
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America E-Liquids Market Size and Volume Forecast by Type
10.7.1. PG Base
10.7.2. VG Base
10.7.3. Blend PG & VG
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America E-Liquids Demand Share Forecast, 2019-2026
11. Europe E-Liquids Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe E-Liquids Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe E-Liquids Market Size and Volume Forecast by Application
11.4.1. Retail
11.4.2. Online
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe E-Liquids Market Size and Volume Forecast by Type
11.7.1. PG Base
11.7.2. VG Base
11.7.3. Blend PG & VG
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Typ
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe E-Liquids Demand Share, 2019-2026
12. Asia Pacific E-Liquids Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific E-Liquids Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific E-Liquids Market Size and Volume Forecast by Application
12.4.1. Retail
12.4.2. Online
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific E-Liquids Market Size and Volume Forecast by Type
12.7.1. PG Base
12.7.2. VG Base
12.7.3. Blend PG & VG
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific E-Liquids Demand Share, 2019-2026
13. Middle East & Africa E-Liquids Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa E-Liquids Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa E-Liquids Market Size and Volume Forecast by Application
13.4.1. Retail
13.4.2. Online
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa E-Liquids Market Size and Volume Forecast by Type
13.7.1. PG Base
13.7.2. VG Base
13.7.3. Blend PG & VG
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa E-Liquids Demand Share, 2019-2026
14. Competition Landscape
14.1. Global E-Liquids Market: Market Share Analysis
14.2. E-Liquids Distributors and Customers
14.3. E-Liquids Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Halo
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. VMR Product
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Turning Points Brands
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Nasty Juice
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. NicVape
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Truvape
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. VaporCast
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Space Jam
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Kings Crest
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Ripe Vapes
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Nicquid
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Dinner Lady
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Vape Wild
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Black Note
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. Halcyon Vapors
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
