Middle East & Africa E-liquid Market Size & Outlook

The e-liquid market in Middle East & Africa is expected to reach a projected revenue of US$ 118.9 million by 2027. A compound annual growth rate of 13.1% is expected of Middle East & Africa e-liquid market from 2022 to 2027.
Revenue, 2021 (US$M)
$56.9
Forecast, 2027 (US$M)
$118.9
CAGR, 2022 - 2027
13.1%
Report Coverage
Middle East & Africa

MEA e-liquid market highlights

  • The MEA e-liquid market generated a revenue of USD 56.9 million in 2021.
  • The market is expected to grow at a CAGR of 13.1% 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.


MEA data book summary

Market revenue in 2021USD 56.9 million
Market revenue in 2027USD 118.9 million
Growth rate13.1% (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, MEA region accounted for 3.6% 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.

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E-liquid Market Companies

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Middle East & Africa 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 31.11% in 2021. Horizon Databook has segmented the Middle East & Africa e-liquid market based on menthol, tobacco, dessert, fruits & nuts, chocolate covering the revenue growth of each sub-segment from 2016 to 2027.


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  • Our clientele includes a mix of e-liquid market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Middle East & Africa e-liquid market, including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa e-liquid market from 2016 to 2027, including revenue numbers, major trends, and company profiles.

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Middle East & Africa e-liquid market

Middle East & Africa E-liquid Market Share, 2021 & 2027 (US$M)

Middle East & Africa e-liquid market

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