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E-liquid Market Analysis

According to IMARC Group’s latest report, “E-Liquid Market: Global Industry Trends, Share, Size, Growth, Opportunities and Forecasts 2021-2026″, the global e-liquid market is showing strong growth in 2015-2020.Going forward, expects the market to grow at a CAGR of around 15% during the period 2021-2026.

E-liquid is a liquid-filled electronic nicotine delivery system (ENDS), such as vape pens and e-cigarettes, to produce vapor.Batteries in these devices provide energy to heat the e-liquid, which turns it into a smooth vapor when inhaled.E-liquids are available in nicotine and non-nicotine variants and contain additional ingredients such as propylene glycol (PG), water, vegetable glycerin (VG) and flavoring chemicals.These liquids can be formulated with different nicotine levels depending on consumer preference.

The growing adoption of e-cigarettes as a safer alternative to smoking has primarily driven the global e-liquid market as they produce less tar and carbon monoxide (CO).Moreover, the increasing use of e-cigarettes by young people is driving the market growth.In addition, the emergence of new flavors in e-liquids such as blueberry and menthol is expanding the acceptance of e-cigarettes among non-smokers, which is further boosting the market growth.In addition to this, awareness campaigns by some governments to curb tobacco consumption are creating a positive outlook for the market.

Post time: Apr-16-2022