ALBANY, New York, March 11, 2020 /PRNewswire/ -- Increasing shift in consumer preference, from original tobacco to fruit and candy flavors, has compelled stakeholders in the e-liquid market to increase focus on Genomic Allergen Rapid Detection (GARD) assays. Such first-of-its-kind initiatives are helping manufacturers assess the sensitization of potential compounds for vaping-related applications. This, along with consistent efforts to improve safety aspect of e-liquid for smokers, the e-liquid market is estimated to display a stellar CAGR of ~16% from 2019 to 2027.
"Concerns of toxicity of e-liquids to be inhaled via e-cigarettes is leading to collaborations between manufacturers and research scientists to improve safety standards," say analyst at TMR. Such concerns have led to shift in focus.
E-liquid Market: Regional Overview and Future Growth Outlook
At present, the demand for e-liquid mostly remains concentrated in developed countries such as the U.K., the U.S., and Canada. Meanwhile, sales of e-liquid and market penetration of manufacturers of e-liquid remains limited and restricted in other countries. Nonetheless, manufacturers of e-cigarettes and e-liquid are adopting attractive marketing strategies to foray into other countries and establish a consumer base.
E-liquid Market: Key Challenges
Debates of 100% safety of e-liquid for smokers limits their use. Contact of e-liquid bottle with other ingredients makes for unknown constituents of e-liquid for consumers.
Harmful effects of artificial flavors blended with propylene glycol found in vape juices are questions from consumers that manufacturers of e-liquid are subject to.
Analyze E-Liquid Market growth in 30+ countries including US, Canada, Germany, United Kingdom, France, Italy, Russia, Poland, Benelux, Nordic, China, Japan, India, and South Korea. Request a sample of the study.
E-liquid Market Competition Landscape
The presence of a considerable number of participants renders a fragmented and competitive vendor landscape to the e-liquid market. In this scenario, savvy players, mostly online traders, are offering discount options and marketing their products as premium products to create brand name in consumers' minds.
Some of the prominent players in the e-liquid market are VMR Products LLC, Inc., Nicopure Labs LLC, ZampleBox, LLC, Silver Laboratories, USA Vape Labe, Smax Holdings LLC, and Dynamic Creations among others.
The E-liquid market is segmented as follows;
E-Liquid Market by Base Type
PG & VG
E-Liquid Market by Flavor
Mint & Menthol
Fruits & Candy
E-Liquid Market by Sales Channel
Independent Small Groceries
E-Liquid Market by Region
Rest of Latin America
Rest of Europe
Asia Pacific Excluding Japan
Australia & New Zealand
Rest of Asia Pacific Excluding Japan
Middle East & Africa
Rest of Middle East & Africa
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