Global E-liquid Market Size & Outlook
The e-liquid industry worldwide is expected to reach a projected revenue of US$ 3,313.1 million by 2027. A compound annual growth rate of 13.4% is expected of the worldwide e-liquid industry from 2022 to 2027.
Revenue, 2021 (US$M)
$1,559.0
Forecast, 2027 (US$M)
$3,313.1
CAGR, 2022 - 2027
13.4%
Report Coverage
Worldwide
Global e-liquid market, 2016-2027 (US$M)
Related Markets
Global e-liquid market highlights
- The global e-liquid market generated a revenue of USD 1,559.0 million in 2021 and is expected to reach USD 3,313.1 million by 2027.
- The market is expected to grow at a CAGR (2022 - 2027) of 13.4% by 2027.
- In terms of segment, tobacco accounted for a revenue of USD 489.5 million in 2021.
- Menthol is the most lucrative flavor segment registering the fastest growth during the forecast period.
- In terms of region, North America was the largest revenue generating market in 2021.
- Country-wise, U.S. is expected to register the highest CAGR from 2022 to 2027.
Global data book summary
| Market revenue in 2021 | USD 1,559.0 million |
| Market revenue in 2027 | USD 3,313.1 million |
| Growth rate | 13.4% (CAGR from 2021 to 2027) |
| Largest segment | Tobacco |
| Fastest growing segment | Menthol |
| Historical data covered | 2016 - 2020 |
| Base year for estimation | 2021 |
| Forecast period covered | 2022 - 2027 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Menthol, Tobacco, Dessert, Fruits & Nuts, Chocolate |
Other key industry trends
- In terms of revenue, the North America accounted for 40.5% of the global e-liquid market in 2021.
- By country, the U.S. is projected to lead the global market in terms of revenue in 2027.
- By country, U.S. is the fastest growing regional market and is projected to reach USD 1,109.7 million by 2027.
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E-liquid Market Scope
E-liquid market segmentation & scope
E-liquid Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Global e-liquid market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to e-liquid market will help companies and investors design strategic landscapes.
tobacco was the largest segment with a revenue share of 31.4% in 2021. Horizon Databook has segmented the Global e-liquid market based on menthol, tobacco, dessert, fruits & nuts, chocolate covering the revenue growth of each sub-segment from 2016 to 2027.
- Global E-liquid Flavor Outlook (Revenue, USD Million, 2016-2027)
- Menthol
- Tobacco
- Dessert
- Fruits & Nuts
- Chocolate
- Others
- Global E-liquid Type Outlook (Revenue, USD Million, 2016-2027)
- Pre-filled
- Bottled
- Global E-liquid Distribution Channel Outlook (Revenue, USD Million, 2016-2027)
- Online
- Retail Store
- Convenience Stores
- Drug Stores
- Newsstands
- Tobacconists
- Specialty Stores
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Our clientele includes a mix of e-liquid market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of global-level data and insights on the Global e-liquid market, including forecasts for subscribers. This global databook contains high-level insights into Global e-liquid market from 2016 to 2027, including revenue numbers, major trends, and company profiles.
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Global e liquid market statistics, by regions, 2016-2027 (US$M)
Top 10 countries: E liquid market size, 2021 (USD Million)
Top 10 countries: E liquid market size, 2021 (USD Million)
Global e-liquid market, by region, 2021 (US$M)
Related regional statistics
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