1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global E-liquid Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
6 Market Breakup by Flavor
6.1 Menthol and Mint
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Tobacco
6.2.1 Market Trends
6.2.2 Market Forecast
6.3 Dessert
6.3.1 Market Trends
6.3.2 Market Forecast
6.4 Fruits and Nuts
6.4.1 Market Trends
6.4.2 Market Forecast
6.5 Chocolate
6.5.1 Market Trends
6.5.2 Market Forecast
6.6 Others
6.6.1 Market Trends
6.6.2 Market Forecast
7 Market Breakup by Base Type
7.1 PG (Propylene Glycol)
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 VG (Vegetable Glycerin)
7.2.1 Market Trends
7.2.2 Market Forecast
7.3 PG and VG
7.3.1 Market Trends
7.3.2 Market Forecast
8 Market Breakup by Type
8.1 Pre-Filled
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Bottled
8.2.1 Market Trends
8.2.2 Market Forecast
9 Market Breakup by Distribution Channel
9.1 Supermarkets and Hypermarkets
9.1.1 Market Trends
9.1.2 Market Forecast
9.2 Specialty Stores
9.2.1 Market Trends
9.2.2 Market Forecast
9.3 Online Stores
9.3.1 Market Trends
9.3.2 Market Forecast
9.4 Others
9.4.1 Market Trends
9.4.2 Market Forecast
10 Market Breakup by Region
10.1 North America
10.1.1 United States
10.1.1.1 Market Trends
10.1.1.2 Market Forecast
10.1.2 Canada
10.1.2.1 Market Trends
10.1.2.2 Market Forecast
10.2 Asia-Pacific
10.2.1 China
10.2.1.1 Market Trends
10.2.1.2 Market Forecast
10.2.2 Japan
10.2.2.1 Market Trends
10.2.2.2 Market Forecast
10.2.3 India
10.2.3.1 Market Trends
10.2.3.2 Market Forecast
10.2.4 South Korea
10.2.4.1 Market Trends
10.2.4.2 Market Forecast
10.2.5 Australia
10.2.5.1 Market Trends
10.2.5.2 Market Forecast
10.2.6 Indonesia
10.2.6.1 Market Trends
10.2.6.2 Market Forecast
10.2.7 Others
10.2.7.1 Market Trends
10.2.7.2 Market Forecast
10.3 Europe
10.3.1 Germany
10.3.1.1 Market Trends
10.3.1.2 Market Forecast
10.3.2 France
10.3.2.1 Market Trends
10.3.2.2 Market Forecast
10.3.3 United Kingdom
10.3.3.1 Market Trends
10.3.3.2 Market Forecast
10.3.4 Italy
10.3.4.1 Market Trends
10.3.4.2 Market Forecast
10.3.5 Spain
10.3.5.1 Market Trends
10.3.5.2 Market Forecast
10.3.6 Russia
10.3.6.1 Market Trends
10.3.6.2 Market Forecast
10.3.7 Others
10.3.7.1 Market Trends
10.3.7.2 Market Forecast
10.4 Latin America
10.4.1 Brazil
10.4.1.1 Market Trends
10.4.1.2 Market Forecast
10.4.2 Mexico
10.4.2.1 Market Trends
10.4.2.2 Market Forecast
10.4.3 Others
10.4.3.1 Market Trends
10.4.3.2 Market Forecast
10.5 Middle East and Africa
10.5.1 Market Trends
10.5.2 Market Breakup by Country
10.5.3 Market Forecast
11 SWOT Analysis
11.1 Overview
11.2 Strengths
11.3 Weaknesses
11.4 Opportunities
11.5 Threats
12 Value Chain Analysis
13 Porters Five Forces Analysis
13.1 Overview
13.2 Bargaining Power of Buyers
13.3 Bargaining Power of Suppliers
13.4 Degree of Competition
13.5 Threat of New Entrants
13.6 Threat of Substitutes
14 Price Analysis
15 Competitive Landscape
15.1 Market Structure
15.2 Key Players
15.3 Profiles of Key Players
15.3.1 Black Note Inc.
15.3.1.1 Company Overview
15.3.1.2 Product Portfolio
15.3.2 Breazy Inc.
15.3.2.1 Company Overview
15.3.2.2 Product Portfolio
15.3.3 Crystal Canyon Vapes LLC
15.3.3.1 Company Overview
15.3.3.2 Product Portfolio
15.3.4 e-Liquid Factory
15.3.4.1 Company Overview
15.3.4.2 Product Portfolio
15.3.5 Mig Vapor LLC
15.3.5.1 Company Overview
15.3.5.2 Product Portfolio
15.3.6 Molecule Labs Inc.
15.3.6.1 Company Overview
15.3.6.2 Product Portfolio
15.3.7 Mt Baker Vapor LLC
15.3.7.1 Company Overview
15.3.7.2 Product Portfolio
15.3.8 Nicopure Labs LLC
15.3.8.1 Company Overview
15.3.8.2 Product Portfolio
15.3.9 Philip Morris International Inc.
15.3.9.1 Company Overview
15.3.9.2 Product Portfolio
15.3.9.3 Financials
15.3.9.4 SWOT Analysis
15.3.10 Turning Point Brands Inc.
15.3.10.1 Company Overview
15.3.10.2 Product Portfolio
15.3.10.3 Financials
15.3.11 ZampleBox LLC
15.3.11.1 Company Overview
15.3.11.2 Product Portfolio
List of Figures
Figure 1: Global: E-liquid Market: Major Drivers and Challenges
Figure 2: Global: E-liquid Market: Sales Value (in Billion US$), 2018-2023
Figure 3: Global: E-liquid Market Forecast: Sales Value (in Billion US$), 2024-2032
Figure 4: Global: E-liquid Market: Breakup by Flavor (in %), 2023
Figure 5: Global: E-liquid Market: Breakup by Base Type (in %), 2023
Figure 6: Global: E-liquid Market: Breakup by Type (in %), 2023
Figure 7: Global: E-liquid Market: Breakup by Distribution Channel (in %), 2023
Figure 8: Global: E-liquid Market: Breakup by Region (in %), 2023
Figure 9: Global: E-liquid (Menthol and Mint) Market: Sales Value (in Million US$), 2018 & 2023
Figure 10: Global: E-liquid (Menthol and Mint) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 11: Global: E-liquid (Tobacco) Market: Sales Value (in Million US$), 2018 & 2023
Figure 12: Global: E-liquid (Tobacco) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 13: Global: E-liquid (Dessert) Market: Sales Value (in Million US$), 2018 & 2023
Figure 14: Global: E-liquid (Dessert) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 15: Global: E-liquid (Fruits and Nuts) Market: Sales Value (in Million US$), 2018 & 2023
Figure 16: Global: E-liquid (Fruits and Nuts) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 17: Global: E-liquid (Chocolate) Market: Sales Value (in Million US$), 2018 & 2023
Figure 18: Global: E-liquid (Chocolate) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 19: Global: E-liquid (Other Flavors) Market: Sales Value (in Million US$), 2018 & 2023
Figure 20: Global: E-liquid (Other Flavors) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 21: Global: E-liquid (PG- Propylene Glycol) Market: Sales Value (in Million US$), 2018 & 2023
Figure 22: Global: E-liquid (PG- Propylene Glycol) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 23: Global: E-liquid (VG- Vegetable Glycerin) Market: Sales Value (in Million US$), 2018 & 2023
Figure 24: Global: E-liquid (VG- Vegetable Glycerin) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 25: Global: E-liquid (PG and VG) Market: Sales Value (in Million US$), 2018 & 2023
Figure 26: Global: E-liquid (PG and VG) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 27: Global: E-liquid (Pre-Filled) Market: Sales Value (in Million US$), 2018 & 2023
Figure 28: Global: E-liquid (Pre-Filled) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 29: Global: E-liquid (Bottled) Market: Sales Value (in Million US$), 2018 & 2023
Figure 30: Global: E-liquid (Bottled) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 31: Global: E-liquid (Supermarkets and Hypermarkets) Market: Sales Value (in Million US$), 2018 & 2023
Figure 32: Global: E-liquid (Supermarkets and Hypermarkets) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 33: Global: E-liquid (Specialty Stores) Market: Sales Value (in Million US$), 2018 & 2023
Figure 34: Global: E-liquid (Specialty Stores) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 35: Global: E-liquid (Online Stores) Market: Sales Value (in Million US$), 2018 & 2023
Figure 36: Global: E-liquid (Online Stores) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 37: Global: E-liquid (Other Distribution Channels) Market: Sales Value (in Million US$), 2018 & 2023
Figure 38: Global: E-liquid (Other Distribution Channels) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 39: North America: E-liquid Market: Sales Value (in Million US$), 2018 & 2023
Figure 40: North America: E-liquid Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 41: United States: E-liquid Market: Sales Value (in Million US$), 2018 & 2023
Figure 42: United States: E-liquid Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 43: Canada: E-liquid Market: Sales Value (in Million US$), 2018 & 2023
Figure 44: Canada: E-liquid Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 45: Asia-Pacific: E-liquid Market: Sales Value (in Million US$), 2018 & 2023
Figure 46: Asia-Pacific: E-liquid Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 47: China: E-liquid Market: Sales Value (in Million US$), 2018 & 2023
Figure 48: China: E-liquid Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 49: Japan: E-liquid Market: Sales Value (in Million US$), 2018 & 2023
Figure 50: Japan: E-liquid Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 51: India: E-liquid Market: Sales Value (in Million US$), 2018 & 2023
Figure 52: India: E-liquid Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 53: South Korea: E-liquid Market: Sales Value (in Million US$), 2018 & 2023
Figure 54: South Korea: E-liquid Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 55: Australia: E-liquid Market: Sales Value (in Million US$), 2018 & 2023
Figure 56: Australia: E-liquid Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 57: Indonesia: E-liquid Market: Sales Value (in Million US$), 2018 & 2023
Figure 58: Indonesia: E-liquid Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 59: Others: E-liquid Market: Sales Value (in Million US$), 2018 & 2023
Figure 60: Others: E-liquid Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 61: Europe: E-liquid Market: Sales Value (in Million US$), 2018 & 2023
Figure 62: Europe: E-liquid Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 63: Germany: E-liquid Market: Sales Value (in Million US$), 2018 & 2023
Figure 64: Germany: E-liquid Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 65: France: E-liquid Market: Sales Value (in Million US$), 2018 & 2023
Figure 66: France: E-liquid Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 67: United Kingdom: E-liquid Market: Sales Value (in Million US$), 2018 & 2023
Figure 68: United Kingdom: E-liquid Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 69: Italy: E-liquid Market: Sales Value (in Million US$), 2018 & 2023
Figure 70: Italy: E-liquid Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 71: Spain: E-liquid Market: Sales Value (in Million US$), 2018 & 2023
Figure 72: Spain: E-liquid Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 73: Russia: E-liquid Market: Sales Value (in Million US$), 2018 & 2023
Figure 74: Russia: E-liquid Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 75: Others: E-liquid Market: Sales Value (in Million US$), 2018 & 2023
Figure 76: Others: E-liquid Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 77: Latin America: E-liquid Market: Sales Value (in Million US$), 2018 & 2023
Figure 78: Latin America: E-liquid Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 79: Brazil: E-liquid Market: Sales Value (in Million US$), 2018 & 2023
Figure 80: Brazil: E-liquid Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 81: Mexico: E-liquid Market: Sales Value (in Million US$), 2018 & 2023
Figure 82: Mexico: E-liquid Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 83: Others: E-liquid Market: Sales Value (in Million US$), 2018 & 2023
Figure 84: Others: E-liquid Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 85: Middle East and Africa: E-liquid Market: Sales Value (in Million US$), 2018 & 2023
Figure 86: Middle East and Africa: E-liquid Market: Breakup by Country (in %), 2023
Figure 87: Middle East and Africa: E-liquid Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 88: Global: E-liquid Industry: SWOT Analysis
Figure 89: Global: E-liquid Industry: Value Chain Analysis
Figure 90: Global: E-liquid Industry: Porter's Five Forces Analysis
List of Tables
Table 1: Global: E-liquid Market: Key Industry Highlights, 2023 and 2032
Table 2: Global: E-liquid Market Forecast: Breakup by Flavor (in Million US$), 2024-2032
Table 3: Global: E-liquid Market Forecast: Breakup by Base Type (in Million US$), 2024-2032
Table 4: Global: E-liquid Market Forecast: Breakup by Type (in Million US$), 2024-2032
Table 5: Global: E-liquid Market Forecast: Breakup by Distribution Channel (in Million US$), 2024-2032
Table 6: Global: E-liquid Market Forecast: Breakup by Region (in Million US$), 2024-2032
Table 7: Global: E-liquid Market: Competitive Structure
Table 8: Global: E-liquid Market: Key Players