Asia Pacific E-liquid Market Size & Outlook, 2021-2027

The e-liquid market in Asia Pacific is expected to reach a projected revenue of US$ 639.4 million by 2027. A compound annual growth rate of 14.7% is expected of Asia Pacific e-liquid market from 2022 to 2027.
Revenue, 2021 (US$M)
$281.2
Forecast, 2027 (US$M)
$639.4
CAGR, 2022 - 2027
14.7%
Report Coverage
Asia Pacific

Asia Pacific e-liquid market highlights

  • The Asia Pacific e-liquid market generated a revenue of USD 281.2 million in 2021.
  • The market is expected to grow at a CAGR of 14.7% from 2022 to 2027.
  • In terms of segment, tobacco was the largest revenue generating flavor in 2021.
  • Menthol is the most lucrative flavor segment registering the fastest growth during the forecast period.
  • Country-wise, Australia is expected to register the highest CAGR from 2022 to 2027.


Asia Pacific data book summary

Market revenue in 2021USD 281.2 million
Market revenue in 2027USD 639.4 million
Growth rate14.7% (CAGR from 2021 to 2027)
Largest segmentTobacco
Fastest growing segmentMenthol
Historical data covered2016 - 2020
Base year for estimation2021
Forecast period covered2022 - 2027
Quantitative unitsRevenue in USD million
Market segmentationMenthol, Tobacco, Dessert, Fruits & Nuts, Chocolate
Key market players worldwideInvesco BulletShares 2032 Muncpl Bd ETF, Vapor Group Inc, Molecule Holdings Inc Ordinary Shares, Philip Morris International Inc, Black Note, Breazy, Crystal Canyon Vapes, Nicopure Labs, VMR Products


Other key industry trends

  • In terms of revenue, Asia Pacific region accounted for 18.0% of the global e-liquid market in 2021.
  • Globally, North America is projected to lead the regional market in terms of revenue in 2027.
  • Asia Pacific is the fastest growing regional market and is projected to reach USD 639.4 million by 2027.

No credit card required*

Horizon in a snapshot

  • 30K+ Global Market Reports
  • 120K+ Country Reports
  • 1.2M+ Market Statistics
  • 200K+ Company Profiles
  • Industry insights and more

E-liquid Market Companies

Name Profile # Employees HQ Website

Asia Pacific 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 31.33% in 2021. Horizon Databook has segmented the Asia Pacific e-liquid market based on menthol, tobacco, dessert, fruits & nuts, chocolate covering the revenue growth of each sub-segment from 2016 to 2027.


Reasons to subscribe to Asia Pacific e-liquid market databook:

  • Access to comprehensive data: Horizon Databook provides over 1 million market statistics and 20,000+ reports, offering extensive coverage across various industries and regions.
  • Informed decision making: Subscribers gain insights into market trends, customer preferences, and competitor strategies, empowering informed business decisions.
  • Cost-Effective solution: It's recognized as the world's most cost-effective market research database, offering high ROI through its vast repository of data and reports.
  • Customizable reports: Tailored reports and analytics allow companies to drill down into specific markets, demographics, or product segments, adapting to unique business needs.
  • Strategic advantage: By staying updated with the latest market intelligence, companies can stay ahead of competitors, anticipate industry shifts, and capitalize on emerging opportunities.

Target buyers of Asia Pacific e-liquid market databook

  • Our clientele includes a mix of e-liquid market companies, investment firms, advisory firms & academic institutions.
  • 30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
  • Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
  • The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.

Horizon Databook provides a detailed overview of continent-level data and insights on the Asia Pacific e-liquid market, including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific e-liquid market from 2016 to 2027, including revenue numbers, major trends, and company profiles.

Partial client list

  • logo

Asia Pacific e liquid market size, by country, 2016-2027 (US$M)

Asia Pacific E-liquid Market Share, 2021 & 2027 (US$M)

Asia Pacific e liquid market size, by country, 2016-2027 (US$M)

Sign up - it's easy, and free!

Sign up and get instant basic access to databook, upgrade
when ready, or enjoy our free plan indefinitely.

Explore all plans

Included in Horizon account

  • 30K+ Global Market Reports
  • 120K+ Country Reports
  • 1.2M+ Market Statistics
  • 200K+ Company Profiles
  • Industry insights and more