Report ID: UCMIG30L2102
E-liquid Market Size, Share, Growth Analysis, By Flavors(Menthol, Tobacco, Dessert, Fruits & Nuts), By Type(Pre-filled, Bottled), By Distribution Channel(Online, Retail Store, Convenience Stores, Drug Stores), By Regional(North America, Europe, Asia Pacific, Latin America) - Industry Forecast 2024-2031
Report ID:
UCMIG30L2102 |
Region:
Global |
Published Date: Upcoming |
Pages:
165
| Tables: 55 | Figures: 60
E-liquid Market Insights
Market Overview:
The global e-liquid market, with a valuation of USD 1.4 billion in 2020, is projected to exhibit a robust compound annual growth rate (CAGR) of 13.4% during the period from 2021 to 2027. This steady growth can be attributed to various factors such as the increasing popularity of e-cigarettes and vaping devices, the rising awareness about the harmful effects of traditional tobacco smoking, and the growing demand for flavored e-liquids among consumers. Additionally, the expanding global market for e-liquids can be attributed to advancements in product innovation, marketing strategies, and the widespread adoption of e-cigarettes as an alternative to traditional smoking methods. With these factors in play, the e-liquid industry is expected to witness significant expansion in the coming years, presenting lucrative opportunities for market players and contributing to the overall growth of the vaping industry.
E-liquid Market, Forecast & Y-O-Y Growth Rate, 2020 - 2028
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This report is being written to illustrate the market opportunity by region and by segments, indicating opportunity areas for the vendors to tap upon. To estimate the opportunity, it was very important to understand the current market scenario and the way it will grow in future.
Production and consumption patterns are being carefully compared to forecast the market. Other factors considered to forecast the market are the growth of the adjacent market, revenue growth of the key market vendors, scenario-based analysis, and market segment growth.
The market size was determined by estimating the market through a top-down and bottom-up approach, which was further validated with industry interviews. Considering the nature of the market we derived the Personal Products by segment aggregation, the contribution of the Personal Products in Household & Personal Products and vendor share.
To determine the growth of the market factors such as drivers, trends, restraints, and opportunities were identified, and the impact of these factors was analyzed to determine the market growth. To understand the market growth in detail, we have analyzed the year-on-year growth of the market. Also, historic growth rates were compared to determine growth patterns.
E-liquid Market Report Snapshots
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