According to a new report, published by KBV research, The Global E-liquid Market size is expected to reach $5.3 billion by 2031, rising at a market growth of 13.7% CAGR during the forecast period.
Non-nicotine e-liquids containing CBD, terpenes, and other therapeutic ingredients have gained popularity in wellness circles. These e-liquids are often marketed to promote relaxation, stress reduction, pain relief, and mood enhancement. While research on the therapeutic benefits of vaping, these substances is still emerging, there is a growing interest in their potential uses as a part of a holistic wellness regimen.
The Bottled segment is experiencing a CAGR of 13.3 % during the forecast period. This dominance can be attributed to several factors that make bottled e-liquids appealing to a broad range of consumers. Bottled e-liquids offer users the flexibility to select from a wide array of flavors and nicotine strengths, allowing for a highly personalized vaping experience. The rise in the popularity of refillable vaping devices, which require bottled e-liquids, also contributes to the substantial market share held by this segment.
The Online segment led the maximum revenue in the Global E-liquid Market by Distribution Channel in 2023, thereby, achieving a market value of $2.8 billion by 2031. The online segment allows customers to browse various products, compare prices, and read reviews from other users, all from the comfort of their homes. Additionally, online platforms often provide access to exclusive deals, discounts, and a broader selection of products, including niche flavors and specialty brands that may not be available in physical stores.
The Tobacco segment is growing at a CAGR of 12.4 % during the forecast period. This leading position can be attributed to many users' preference for flavors that closely mimic traditional tobacco products. Smokers transitioning to vaping often seek familiar tastes, making tobacco-flavored e-liquids a popular choice. The robust demand for these flavors reflects their role in providing a similar sensory experience to smoking, which can aid in the transition away from conventional cigarettes.
Full Report: https://www.kbvresearch.com/e-liquid-market/
The North America region dominated the Global E-liquid Market by Region in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $1.9 billion by 2031. The Europe region is anticipated to grow at a CAGR of 13.3% during (2024 - 2031). Additionally, The Asia Pacific region would witness a CAGR of 14.3% during (2024 - 2031).
By Type
By Distribution Channel
By Flavor Type
Unique Offerings 
