Research Nester published a report titled “E-Liquid Market: Global Demand Analysis & Opportunity Outlook 2029” which delivers detailed overview of the global e-liquid market in terms of market segmentation by flavor, product type, distribution channel, and by region.Further, for the in-depth analysis, the report encompasses the industry growth indicators, restraints, supply and demand risk, along with detailed discussion on current and future market trends that are associated with the growth of the market.The e-liquid market is estimated to occupy a large revenue by growing at a notable CAGR during the forecast period, i.e., 2021 – 2029, owing to the rising openness of people for safer smoking alternatives and growing prices of conventional cigarettes.
Apart from these, increasing popularity of vaping for quitting smoking and surge in demand for e-cigarettes are also expected to drive market growth.The global e-liquid market is segmented by flavor, product type and distribution channel.
Based on flavor, the tobacco segment is anticipated to grab the largest market share during the forecast period on the back of increasing demand for tobacco flavored e-liquid as a result of its ability to provide smokers with the experience of smoking real tobacco.
Additionally, by product type, the bottled segment is projected to grab the largest market share in the future on the back of easy of storage and refilling of bottles.Download Sample of This Strategic Report: https://www.researchnester.com/sample-request-3055Geographically, the market is segmented into five major regions, namely North America, Europe, Latin America, Asia Pacific, and the Middle East & Africa.
North America region is evaluated to grab the largest share in the market during the forecast period attributing to the presence of key players in the region.
Moreover, the market in Asia Pacific is assessed to grow by the highest rate in the coming years owing to the increasing incidences of lung diseases in the region.Increasing Use of Safer Smoking Alternatives to Expand MarketSince the recent years, people around the world are becoming more health conscious.