Global E-Liquid Market has valued US$ XX Bn in 2018 and is expected to reach US$ XX Bn by 2026, at a CAGR of XX% during the forecast period （according to the Maximize Market Research.
This article is a report shared by the Maximize Market Research. It has analyzed the revenue impact of the COVID-19 crisis on the sales revenue of the e-liquid cigarette market.
The e-cigarette has seemed like the alternative of the traditional cigarette, which also known as vape juice or e-juice as a mixture of nicotine.
The nicotine is extracted from tobacco leaves, which is superior to traditional tobacco. Various flavors used in e-liquid improved the ‘smoke experience’. Because e-cigarettes don’t need to burn as traditional tobacco smoking, therefore, it could effectively lower levels of toxic substances, for example, dropping the risk of lung disorders. Also, the vaping and e-cigarettes have contributed to environmental protection compared to cigarette buds. Eco-friendly vaping is an evident trend.
According to the National Institute of Cancer Prevention and Research (NICPR), about 67,795 new lung cancer cases were reported in India in 2018. 48,698 were men and 19,097 were women. The increasing occurrence of lung cancer cases because of tobacco smoking is driving demand for e-cigarette devices to a certain extent, motivating the growth of the global e-liquid market.
Thus, due to the advantages of health benefits and environmental friendly of e-cigarette, the vaping and e-cigarettes attract more and more customers and investors into the vaping market.
However, the strict regulation imposed by the government on e-cigarettes is possibly hinder the growth of the global e-liquid market in the future.
In 2018, Hypermarkets/ Supermarkets accounted for the largest revenue share in the global e-liquid market. Hypermarkets worked with supermarkets and discount & departmental stores, which possibly provide different products under one roof. Therefore, customers prefer to choose hypermarkets for daily purchases. Hypermarkets may become a significant segmentation channel in the global e-liquid market in the future
From region-wise, according to the statistic in 2018 provided by the Maximize Market Research, North America held the largest revenue share in the global e-liquid market. Additionally, Asia Pacific is expected to achieve the fastest growth during the estimated period, especially in Japan and China, which provide a large potential consumer market to drive key market growth in the Asia Pacific, driving the growth of the e-liquid market in this region. This article is issued by the Maximize Market Research, for more information please check:
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