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.
Read More Information@ https://www.researchnester.com/reports/e-liquid-market/3055
About Research
Nester
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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Info:
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Email: info@researchnester.com
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