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Eリキッドの世界市場

E-Liquids

出版日
ページ情報
英文 176 Pages
納期
即日から翌営業日
適宜更新あり
価格
価格表記: USDを日本円(税抜)に換算
本日の銀行送金レート: 1USD=148.73円
Eリキッドの世界市場
出版日: 2025年08月15日
発行: Global Industry Analysts, Inc.
ページ情報: 英文 176 Pages
納期: 即日から翌営業日
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  • 概要
  • 目次
概要

Eリキッドの世界市場は2030年までに112億米ドルに達する見込み

2024年に49億米ドルと推定されるEリキッドの世界市場は、2024年から2030年にかけてCAGR 14.8%で成長し、2030年には112億米ドルに達すると予測されます。本レポートで分析したセグメントの一つであるメントールは、CAGR14.7％を記録し、分析期間終了時には32億米ドルに達すると予想されます。タバコ・セグメントの成長率は、分析期間中CAGR 14.9％と推定されます。

米国市場は13億米ドルと推定、中国はCAGR13.9％で成長予測

米国のEリキッド市場は、2024年には13億米ドルになると推定されます。世界第2位の経済大国である中国は、2030年までに17億米ドルの市場規模に達すると予測され、分析期間2024-2030年のCAGRは13.9%です。その他の注目すべき地域別市場としては、日本とカナダがあり、分析期間中のCAGRはそれぞれ13.6％と12.7％と予測されています。欧州では、ドイツがCAGR約10.8%で成長すると予測されています。

世界のEリキッド市場- 主要動向と促進要因まとめ

Eリキッドとは何か、なぜVAPEの主要コンポーネントとなったのか？

VAPEジュースとしても知られるEリキッドは、電子タバコ（e-cigarettes）やVAPEデバイスで使用される液体製剤で、ユーザーが吸入する気化ニコチンやフレーバーを提供します。一般的にプロピレングリコール（PG）、植物性グリセリン（VG）、ニコチン、香料で構成され、Eリキッドは急成長するベイプ産業の要となっています。従来のタバコ喫煙に伴う健康リスクに対する世界の認識が高まる中、Eリキッドは代替ニコチン供給方法として、特に害の軽減を求める喫煙者の間で人気を博しています。Eリキッドの市場は、カスタマイズ可能なVAPE体験に対する消費者の需要、フレーバーの種類の増加、ニコチン消費に影響を与える規制の変更などにより、大幅に拡大しています。さらに、使い捨てVAPEデバイスやポッドベースのシステムの台頭は、新しいユーザーにとってVAPEをより身近なものにし、事前に充填されたeリキッドカートリッジの需要を煽っています。また、ニコチン塩のようなニコチン製剤の革新も市場を再形成しており、従来のフリーベースのニコチン溶液と比較して、よりスムーズなスロートヒットと迅速なニコチン吸収を提供しています。

技術と規制の変化はEリキッド生産にどのような影響を与えているか？

Eリキッド市場は、製剤技術の進歩、消費者の嗜好の変化、規制の枠組みの進化によって、急速な変貌を遂げています。ニコチン塩の開発により、より高いニコチン濃度と刺激の軽減が可能になり、初心者とベテランの両方のベイパーに対応することで、ベイピングに革命をもたらしました。さらに、合成ニコチン（タバコ由来ではないニコチン）の出現は、タバコ由来製品に対する政府の規制強化に対応して、メーカーに規制上の柔軟性を提供しました。eリキッドブランドは多様な消費者の嗜好に応えるユニークなブレンドを発表しており、フレーバーのイノベーションは市場拡大において引き続き重要な役割を果たしています。しかし、規制の監視は依然として業界を形成する重要な要因であり、世界各国の政府がニコチン濃度の管理、フレーバーEリキッドの制限、成分の透明性の義務付けなどの対策を実施しています。ニコチン含有製品の追跡システムの導入や広告ガイドラインの厳格化により、eリキッドメーカーはよりコンプライアンスと透明性の高いビジネス慣行の導入を余儀なくされています。

Eリキッド市場を牽引する消費者動向は？

禁煙代替品への消費者シフトの高まりがEリキッド市場の主な促進要因であり、若年層と元喫煙者が最大の顧客基盤を形成しています。カスタマイズ可能なベイプ体験の需要は、DIY電子リキッド混合キットの普及につながっており、ユーザーはパーソナライズされたニコチンやフレーバーのブレンドを作成することができます。さらに、使い捨てVAPEの人気の高まりが、特にコンビニエンス・リテール・チャネルにおいて、充填済みですぐに使えるeリキッドカートリッジの需要を牽引しています。もう一つの新たな動向は、人工甘味料や合成添加物を使用しないオーガニックでナチュラルなEリキッド処方への嗜好の高まりです。さらに、ソーシャルメディア・マーケティングとインフルエンサー主導のVaping文化の台頭は、ブランドの嗜好を形成し、製品採用を促進する上で極めて重要な役割を果たしています。

何がEリキッド市場の成長を牽引しているのか？

Eリキッド市場の成長は、伝統的なタバコ喫煙からのシフトの増加、継続的なフレーバーの革新、ニコチンデリバリー技術の進歩など、いくつかの要因によって牽引されています。政府が支援する有害物質削減キャンペーンの増加は、喫煙者にVAPEへの移行を促し、Eリキッドの需要を押し上げています。さらに、オンラインVAPE小売プラットフォームの拡大やVAPE製品の世界の入手可能性の高まりが、市場への浸透を促進しています。斬新なフレーバー、ニコチン塩製剤、合成ニコチン製品の継続的な導入が、業界の成長をさらに後押ししています。さらに、VAPEショップや小売流通チャネルの普及により、Eリキッドは世界中の消費者にとってより身近なものとなり、持続的な需要と市場拡大を確実なものにしています。

セグメント

フレーバー（メンソール、タバコ、デザート、フルーツ＆ナッツ、チョコレート、その他）;タイプ（プレフィルド、ボトル入り）;流通チャネル（オンライン、小売店）

調査対象企業の例

  • Aqua E-Liquids
  • Bar Juice 5000
  • Beard Vape Co.
  • Dinner Lady
  • Doozy Vape Co.
  • Elfliq（by Elf Bar）
  • Halo Vapour Co.
  • IVG（I Vape Great）
  • Mad Hatter Juice
  • Naked 100（USA Vape Lab）
  • Nasty Juice
  • Ohm Brew
  • Pacha Mama（Charlie's Chalk Dust）
  • Pukka Juice
  • Red's Apple E-Juice（7 Daze）
  • Ripe Vapes
  • Ruthless Vapor
  • The Mamasan
  • Twist E-Liquids
  • Vampire Vape

AIインテグレーション

Global Industry Analystsは、有効な専門家コンテンツとAIツールによって、市場情報と競合情報を変革しています。

Global Industry Analystsは、一般的なLLMや業界固有のSLMにクエリーする代わりに、ビデオ記録、ブログ、検索エンジン調査、大量の企業、製品/サービス、市場データなど、世界中の専門家から収集したコンテンツのリポジトリを構築しました。

関税影響係数

Global Industry Analystsは、本社の国、製造拠点、輸出入（完成品とOEM）に基づく企業の競争力の変化を予測しています。この複雑で多面的な市場力学は、売上原価（COGS）の増加、収益性の低下、サプライチェーンの再構築など、ミクロおよびマクロの市場力学の中でも特に競合他社に影響を与える見込みです。

目次

第1章 調査手法

第2章 エグゼクティブサマリー

  • 市場概要
  • 主要企業
  • 市場動向と促進要因
  • 世界市場の見通し

第3章 市場分析

  • 米国
  • カナダ
  • 日本
  • 中国
  • 欧州
  • フランス
  • ドイツ
  • イタリア
  • 英国
  • その他欧州
  • アジア太平洋
  • その他の地域

第4章 競合

目次
Product Code: MCP30759

Global E-Liquids Market to Reach US$11.2 Billion by 2030

The global market for E-Liquids estimated at US$4.9 Billion in the year 2024, is expected to reach US$11.2 Billion by 2030, growing at a CAGR of 14.8% over the analysis period 2024-2030. Menthol, one of the segments analyzed in the report, is expected to record a 14.7% CAGR and reach US$3.2 Billion by the end of the analysis period. Growth in the Tobacco segment is estimated at 14.9% CAGR over the analysis period.

The U.S. Market is Estimated at US$1.3 Billion While China is Forecast to Grow at 13.9% CAGR

The E-Liquids market in the U.S. is estimated at US$1.3 Billion in the year 2024. China, the world's second largest economy, is forecast to reach a projected market size of US$1.7 Billion by the year 2030 trailing a CAGR of 13.9% over the analysis period 2024-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 13.6% and 12.7% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 10.8% CAGR.

Global E-Liquid Market - Key Trends & Drivers Summarized

What Is E-Liquid, and Why Has It Become a Key Component in Vaping?

E-liquid, also known as vape juice, is the liquid formulation used in electronic cigarettes (e-cigarettes) and vaping devices, providing the vaporized nicotine and flavors that users inhale. Typically composed of propylene glycol (PG), vegetable glycerin (VG), nicotine, and flavorings, e-liquids have become a cornerstone of the rapidly growing vaping industry. With increasing global awareness of the health risks associated with traditional tobacco smoking, e-liquids have gained popularity as an alternative nicotine delivery method, particularly among smokers seeking harm reduction solutions. The market for e-liquids has expanded significantly, driven by consumer demand for customizable vaping experiences, a growing variety of flavors, and regulatory changes influencing nicotine consumption. Additionally, the rise of disposable vaping devices and pod-based systems has fueled demand for pre-filled e-liquid cartridges, making vaping more accessible to new users. Innovations in nicotine formulation, such as nicotine salts, have also reshaped the market, offering smoother throat hits and faster nicotine absorption compared to traditional freebase nicotine solutions.

How Are Technological and Regulatory Changes Influencing E-Liquid Production?

The e-liquid market is undergoing rapid transformation, driven by advancements in formulation technology, shifting consumer preferences, and evolving regulatory frameworks. The development of nicotine salts has revolutionized vaping by allowing for higher nicotine concentrations with reduced harshness, catering to both new and experienced vapers. Additionally, the emergence of synthetic nicotine-nicotine not derived from tobacco-has provided manufacturers with regulatory flexibility in response to tightening government restrictions on tobacco-derived products. Flavor innovations continue to play a crucial role in market expansion, with e-liquid brands introducing unique blends that cater to diverse consumer preferences. However, regulatory scrutiny remains a significant factor shaping the industry, with governments worldwide implementing measures to control nicotine concentrations, restrict flavored e-liquids, and mandate ingredient transparency. The introduction of track-and-trace systems for nicotine-containing products and stricter advertising guidelines has forced e-liquid manufacturers to adopt more compliant and transparent business practices.

Which Consumer Trends Are Driving the E-Liquid Market?

The rising consumer shift toward smoke-free alternatives has been a primary driver of the e-liquid market, with younger demographics and former smokers forming the largest customer base. The demand for customizable vaping experiences has led to the proliferation of DIY e-liquid mixing kits, allowing users to create personalized nicotine and flavor blends. Additionally, the increasing popularity of disposable vapes has driven the demand for pre-filled, ready-to-use e-liquid cartridges, particularly in convenience retail channels. Another emerging trend is the growing preference for organic and natural e-liquid formulations, with consumers seeking e-liquids free from artificial sweeteners and synthetic additives. Moreover, the rise of social media marketing and influencer-driven vaping culture has played a pivotal role in shaping brand preferences and driving product adoption.

What Is Driving the Growth of the E-Liquid Market?

The growth in the e-liquid market is driven by several factors, including the increasing shift away from traditional tobacco smoking, ongoing flavor innovations, and advancements in nicotine delivery technology. The rising number of government-backed harm reduction campaigns has encouraged smokers to transition to vaping, boosting demand for e-liquids. Additionally, the expansion of online vape retail platforms and the growing global availability of vaping products have facilitated market penetration. The continuous introduction of novel flavors, nicotine salt formulations, and synthetic nicotine products has further fueled industry growth. Moreover, the proliferation of vape shops and retail distribution channels has made e-liquids more accessible to consumers worldwide, ensuring sustained demand and market expansion.

SCOPE OF STUDY:

The report analyzes the E-Liquids market in terms of units by the following Segments, and Geographic Regions/Countries:

Segments:

Flavor (Menthol, Tobacco, Dessert, Fruits & Nuts, Chocolate, Others); Type (Pre-Filled, Bottled); Distribution Channel (Online, Retail Store)

Geographic Regions/Countries:

World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; and Rest of Europe); Asia-Pacific; Rest of World.

Select Competitors (Total 42 Featured) -

  • Aqua E-Liquids
  • Bar Juice 5000
  • Beard Vape Co.
  • Dinner Lady
  • Doozy Vape Co.
  • Elfliq (by Elf Bar)
  • Halo Vapour Co.
  • IVG (I Vape Great)
  • Mad Hatter Juice
  • Naked 100 (USA Vape Lab)
  • Nasty Juice
  • Ohm Brew
  • Pacha Mama (Charlie's Chalk Dust)
  • Pukka Juice
  • Red's Apple E-Juice (7 Daze)
  • Ripe Vapes
  • Ruthless Vapor
  • The Mamasan
  • Twist E-Liquids
  • Vampire Vape

AI INTEGRATIONS

We're transforming market and competitive intelligence with validated expert content and AI tools.

Instead of following the general norm of querying LLMs and Industry-specific SLMs, we built repositories of content curated from domain experts worldwide including video transcripts, blogs, search engines research, and massive amounts of enterprise, product/service, and market data.

TARIFF IMPACT FACTOR

Our new release incorporates impact of tariffs on geographical markets as we predict a shift in competitiveness of companies based on HQ country, manufacturing base, exports and imports (finished goods and OEM). This intricate and multifaceted market reality will impact competitors by increasing the Cost of Goods Sold (COGS), reducing profitability, reconfiguring supply chains, amongst other micro and macro market dynamics.

TABLE OF CONTENTS

I. METHODOLOGY

II. EXECUTIVE SUMMARY

  • 1. MARKET OVERVIEW
    • Influencer Market Insights
    • Tariff Impact on Global Supply Chain Patterns
    • E-Liquids - Global Key Competitors Percentage Market Share in 2025 (E)
    • Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2025 (E)
  • 2. FOCUS ON SELECT PLAYERS
  • 3. MARKET TRENDS & DRIVERS
    • Rising Demand for Customizable Vaping Experiences Spurs Growth in E-liquid Flavor Innovation
    • Shifting Consumer Preferences Toward Nicotine Salts Accelerate Product Diversification in E-liquids
    • Regulatory Restrictions on Tobacco Propel Transition to Vapor-Based Alternatives Including E-liquids
    • Youth Demographics and Lifestyle Branding Drive E-liquid Consumption in Emerging Markets
    • E-commerce Expansion and DTC Sales Models Strengthen Global Access to Niche E-liquid Brands
    • Increased Popularity of Pod-Based Systems Fuels Demand for High-Concentration E-liquids
    • Flavor Bans and Regulatory Pressure Create Opportunities for Menthol-Free and Natural E-liquid Options
    • Growth in Organic and Clean-Label E-liquids Reflects Rising Consumer Health Awareness
    • Rise in Disposable Vape Devices Supports Volume Demand for Pre-Filled E-liquid Cartridges
    • Localization of E-liquid Manufacturing in Key Markets Helps Navigate Regulatory Compliance
    • Cross-Category Innovation with CBD and Botanical Extracts Expands E-liquid Consumer Base
    • Brand Collaborations and Limited-Edition Flavors Strengthen Customer Retention and Market Buzz
    • Nicotine-Free and Wellness-Positioned E-liquids Gain Traction Among Lifestyle Vapers
    • Increased Investment in E-liquid R&D Enhances Safety, Consistency, and Shelf-Life
  • 4. GLOBAL MARKET PERSPECTIVE
    • TABLE 1: World E-Liquids Market Analysis of Annual Sales in US$ Million for Years 2015 through 2030
    • TABLE 2: World Recent Past, Current & Future Analysis for E-Liquids by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2024 through 2030 and % CAGR
    • TABLE 3: World 6-Year Perspective for E-Liquids by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets for Years 2025 & 2030
    • TABLE 4: World Recent Past, Current & Future Analysis for Menthol by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2024 through 2030 and % CAGR
    • TABLE 5: World 6-Year Perspective for Menthol by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2025 & 2030
    • TABLE 6: World Recent Past, Current & Future Analysis for Tobacco by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2024 through 2030 and % CAGR
    • TABLE 7: World 6-Year Perspective for Tobacco by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2025 & 2030
    • TABLE 8: World Recent Past, Current & Future Analysis for Dessert by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2024 through 2030 and % CAGR
    • TABLE 9: World 6-Year Perspective for Dessert by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2025 & 2030
    • TABLE 10: World Recent Past, Current & Future Analysis for Fruits & Nuts by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2024 through 2030 and % CAGR
    • TABLE 11: World 6-Year Perspective for Fruits & Nuts by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2025 & 2030
    • TABLE 12: World Recent Past, Current & Future Analysis for Chocolate by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2024 through 2030 and % CAGR
    • TABLE 13: World 6-Year Perspective for Chocolate by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2025 & 2030
    • TABLE 14: World Recent Past, Current & Future Analysis for Others by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2024 through 2030 and % CAGR
    • TABLE 15: World 6-Year Perspective for Others by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2025 & 2030
    • TABLE 16: World Recent Past, Current & Future Analysis for Retail Store by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2024 through 2030 and % CAGR
    • TABLE 17: World 6-Year Perspective for Retail Store by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2025 & 2030
    • TABLE 18: World Recent Past, Current & Future Analysis for Online by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2024 through 2030 and % CAGR
    • TABLE 19: World 6-Year Perspective for Online by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2025 & 2030
    • TABLE 20: World Recent Past, Current & Future Analysis for Pre-Filled by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2024 through 2030 and % CAGR
    • TABLE 21: World 6-Year Perspective for Pre-Filled by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2025 & 2030
    • TABLE 22: World Recent Past, Current & Future Analysis for Bottled by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2024 through 2030 and % CAGR
    • TABLE 23: World 6-Year Perspective for Bottled by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2025 & 2030

III. MARKET ANALYSIS

  • UNITED STATES
    • E-Liquids Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United States for 2025 (E)
    • TABLE 24: USA Recent Past, Current & Future Analysis for E-Liquids by Flavor - Menthol, Tobacco, Dessert, Fruits & Nuts, Chocolate and Others - Independent Analysis of Annual Sales in US$ Million for the Years 2024 through 2030 and % CAGR
    • TABLE 25: USA 6-Year Perspective for E-Liquids by Flavor - Percentage Breakdown of Value Sales for Menthol, Tobacco, Dessert, Fruits & Nuts, Chocolate and Others for the Years 2025 & 2030
    • TABLE 26: USA Recent Past, Current & Future Analysis for E-Liquids by Distribution Channel - Retail Store and Online - Independent Analysis of Annual Sales in US$ Million for the Years 2024 through 2030 and % CAGR
    • TABLE 27: USA 6-Year Perspective for E-Liquids by Distribution Channel - Percentage Breakdown of Value Sales for Retail Store and Online for the Years 2025 & 2030
    • TABLE 28: USA Recent Past, Current & Future Analysis for E-Liquids by Type - Pre-Filled and Bottled - Independent Analysis of Annual Sales in US$ Million for the Years 2024 through 2030 and % CAGR
    • TABLE 29: USA 6-Year Perspective for E-Liquids by Type - Percentage Breakdown of Value Sales for Pre-Filled and Bottled for the Years 2025 & 2030
  • CANADA
    • TABLE 30: Canada Recent Past, Current & Future Analysis for E-Liquids by Flavor - Menthol, Tobacco, Dessert, Fruits & Nuts, Chocolate and Others - Independent Analysis of Annual Sales in US$ Million for the Years 2024 through 2030 and % CAGR
    • TABLE 31: Canada 6-Year Perspective for E-Liquids by Flavor - Percentage Breakdown of Value Sales for Menthol, Tobacco, Dessert, Fruits & Nuts, Chocolate and Others for the Years 2025 & 2030
    • TABLE 32: Canada Recent Past, Current & Future Analysis for E-Liquids by Distribution Channel - Retail Store and Online - Independent Analysis of Annual Sales in US$ Million for the Years 2024 through 2030 and % CAGR
    • TABLE 33: Canada 6-Year Perspective for E-Liquids by Distribution Channel - Percentage Breakdown of Value Sales for Retail Store and Online for the Years 2025 & 2030
    • TABLE 34: Canada Recent Past, Current & Future Analysis for E-Liquids by Type - Pre-Filled and Bottled - Independent Analysis of Annual Sales in US$ Million for the Years 2024 through 2030 and % CAGR
    • TABLE 35: Canada 6-Year Perspective for E-Liquids by Type - Percentage Breakdown of Value Sales for Pre-Filled and Bottled for the Years 2025 & 2030
  • JAPAN
    • E-Liquids Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Japan for 2025 (E)
    • TABLE 36: Japan Recent Past, Current & Future Analysis for E-Liquids by Flavor - Menthol, Tobacco, Dessert, Fruits & Nuts, Chocolate and Others - Independent Analysis of Annual Sales in US$ Million for the Years 2024 through 2030 and % CAGR
    • TABLE 37: Japan 6-Year Perspective for E-Liquids by Flavor - Percentage Breakdown of Value Sales for Menthol, Tobacco, Dessert, Fruits & Nuts, Chocolate and Others for the Years 2025 & 2030
    • TABLE 38: Japan Recent Past, Current & Future Analysis for E-Liquids by Distribution Channel - Retail Store and Online - Independent Analysis of Annual Sales in US$ Million for the Years 2024 through 2030 and % CAGR
    • TABLE 39: Japan 6-Year Perspective for E-Liquids by Distribution Channel - Percentage Breakdown of Value Sales for Retail Store and Online for the Years 2025 & 2030
    • TABLE 40: Japan Recent Past, Current & Future Analysis for E-Liquids by Type - Pre-Filled and Bottled - Independent Analysis of Annual Sales in US$ Million for the Years 2024 through 2030 and % CAGR
    • TABLE 41: Japan 6-Year Perspective for E-Liquids by Type - Percentage Breakdown of Value Sales for Pre-Filled and Bottled for the Years 2025 & 2030
  • CHINA
    • E-Liquids Market Presence - Strong/Active/Niche/Trivial - Key Competitors in China for 2025 (E)
    • TABLE 42: China Recent Past, Current & Future Analysis for E-Liquids by Flavor - Menthol, Tobacco, Dessert, Fruits & Nuts, Chocolate and Others - Independent Analysis of Annual Sales in US$ Million for the Years 2024 through 2030 and % CAGR
    • TABLE 43: China 6-Year Perspective for E-Liquids by Flavor - Percentage Breakdown of Value Sales for Menthol, Tobacco, Dessert, Fruits & Nuts, Chocolate and Others for the Years 2025 & 2030
    • TABLE 44: China Recent Past, Current & Future Analysis for E-Liquids by Distribution Channel - Retail Store and Online - Independent Analysis of Annual Sales in US$ Million for the Years 2024 through 2030 and % CAGR
    • TABLE 45: China 6-Year Perspective for E-Liquids by Distribution Channel - Percentage Breakdown of Value Sales for Retail Store and Online for the Years 2025 & 2030
    • TABLE 46: China Recent Past, Current & Future Analysis for E-Liquids by Type - Pre-Filled and Bottled - Independent Analysis of Annual Sales in US$ Million for the Years 2024 through 2030 and % CAGR
    • TABLE 47: China 6-Year Perspective for E-Liquids by Type - Percentage Breakdown of Value Sales for Pre-Filled and Bottled for the Years 2025 & 2030
  • EUROPE
    • E-Liquids Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Europe for 2025 (E)
    • TABLE 48: Europe Recent Past, Current & Future Analysis for E-Liquids by Geographic Region - France, Germany, Italy, UK and Rest of Europe Markets - Independent Analysis of Annual Sales in US$ Million for Years 2024 through 2030 and % CAGR
    • TABLE 49: Europe 6-Year Perspective for E-Liquids by Geographic Region - Percentage Breakdown of Value Sales for France, Germany, Italy, UK and Rest of Europe Markets for Years 2025 & 2030
    • TABLE 50: Europe Recent Past, Current & Future Analysis for E-Liquids by Flavor - Menthol, Tobacco, Dessert, Fruits & Nuts, Chocolate and Others - Independent Analysis of Annual Sales in US$ Million for the Years 2024 through 2030 and % CAGR
    • TABLE 51: Europe 6-Year Perspective for E-Liquids by Flavor - Percentage Breakdown of Value Sales for Menthol, Tobacco, Dessert, Fruits & Nuts, Chocolate and Others for the Years 2025 & 2030
    • TABLE 52: Europe Recent Past, Current & Future Analysis for E-Liquids by Distribution Channel - Retail Store and Online - Independent Analysis of Annual Sales in US$ Million for the Years 2024 through 2030 and % CAGR
    • TABLE 53: Europe 6-Year Perspective for E-Liquids by Distribution Channel - Percentage Breakdown of Value Sales for Retail Store and Online for the Years 2025 & 2030
    • TABLE 54: Europe Recent Past, Current & Future Analysis for E-Liquids by Type - Pre-Filled and Bottled - Independent Analysis of Annual Sales in US$ Million for the Years 2024 through 2030 and % CAGR
    • TABLE 55: Europe 6-Year Perspective for E-Liquids by Type - Percentage Breakdown of Value Sales for Pre-Filled and Bottled for the Years 2025 & 2030
  • FRANCE
    • E-Liquids Market Presence - Strong/Active/Niche/Trivial - Key Competitors in France for 2025 (E)
    • TABLE 56: France Recent Past, Current & Future Analysis for E-Liquids by Flavor - Menthol, Tobacco, Dessert, Fruits & Nuts, Chocolate and Others - Independent Analysis of Annual Sales in US$ Million for the Years 2024 through 2030 and % CAGR
    • TABLE 57: France 6-Year Perspective for E-Liquids by Flavor - Percentage Breakdown of Value Sales for Menthol, Tobacco, Dessert, Fruits & Nuts, Chocolate and Others for the Years 2025 & 2030
    • TABLE 58: France Recent Past, Current & Future Analysis for E-Liquids by Distribution Channel - Retail Store and Online - Independent Analysis of Annual Sales in US$ Million for the Years 2024 through 2030 and % CAGR
    • TABLE 59: France 6-Year Perspective for E-Liquids by Distribution Channel - Percentage Breakdown of Value Sales for Retail Store and Online for the Years 2025 & 2030
    • TABLE 60: France Recent Past, Current & Future Analysis for E-Liquids by Type - Pre-Filled and Bottled - Independent Analysis of Annual Sales in US$ Million for the Years 2024 through 2030 and % CAGR
    • TABLE 61: France 6-Year Perspective for E-Liquids by Type - Percentage Breakdown of Value Sales for Pre-Filled and Bottled for the Years 2025 & 2030
  • GERMANY
    • E-Liquids Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Germany for 2025 (E)
    • TABLE 62: Germany Recent Past, Current & Future Analysis for E-Liquids by Flavor - Menthol, Tobacco, Dessert, Fruits & Nuts, Chocolate and Others - Independent Analysis of Annual Sales in US$ Million for the Years 2024 through 2030 and % CAGR
    • TABLE 63: Germany 6-Year Perspective for E-Liquids by Flavor - Percentage Breakdown of Value Sales for Menthol, Tobacco, Dessert, Fruits & Nuts, Chocolate and Others for the Years 2025 & 2030
    • TABLE 64: Germany Recent Past, Current & Future Analysis for E-Liquids by Distribution Channel - Retail Store and Online - Independent Analysis of Annual Sales in US$ Million for the Years 2024 through 2030 and % CAGR
    • TABLE 65: Germany 6-Year Perspective for E-Liquids by Distribution Channel - Percentage Breakdown of Value Sales for Retail Store and Online for the Years 2025 & 2030
    • TABLE 66: Germany Recent Past, Current & Future Analysis for E-Liquids by Type - Pre-Filled and Bottled - Independent Analysis of Annual Sales in US$ Million for the Years 2024 through 2030 and % CAGR
    • TABLE 67: Germany 6-Year Perspective for E-Liquids by Type - Percentage Breakdown of Value Sales for Pre-Filled and Bottled for the Years 2025 & 2030
  • ITALY
    • TABLE 68: Italy Recent Past, Current & Future Analysis for E-Liquids by Flavor - Menthol, Tobacco, Dessert, Fruits & Nuts, Chocolate and Others - Independent Analysis of Annual Sales in US$ Million for the Years 2024 through 2030 and % CAGR
    • TABLE 69: Italy 6-Year Perspective for E-Liquids by Flavor - Percentage Breakdown of Value Sales for Menthol, Tobacco, Dessert, Fruits & Nuts, Chocolate and Others for the Years 2025 & 2030
    • TABLE 70: Italy Recent Past, Current & Future Analysis for E-Liquids by Distribution Channel - Retail Store and Online - Independent Analysis of Annual Sales in US$ Million for the Years 2024 through 2030 and % CAGR
    • TABLE 71: Italy 6-Year Perspective for E-Liquids by Distribution Channel - Percentage Breakdown of Value Sales for Retail Store and Online for the Years 2025 & 2030
    • TABLE 72: Italy Recent Past, Current & Future Analysis for E-Liquids by Type - Pre-Filled and Bottled - Independent Analysis of Annual Sales in US$ Million for the Years 2024 through 2030 and % CAGR
    • TABLE 73: Italy 6-Year Perspective for E-Liquids by Type - Percentage Breakdown of Value Sales for Pre-Filled and Bottled for the Years 2025 & 2030
  • UNITED KINGDOM
    • E-Liquids Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United Kingdom for 2025 (E)
    • TABLE 74: UK Recent Past, Current & Future Analysis for E-Liquids by Flavor - Menthol, Tobacco, Dessert, Fruits & Nuts, Chocolate and Others - Independent Analysis of Annual Sales in US$ Million for the Years 2024 through 2030 and % CAGR
    • TABLE 75: UK 6-Year Perspective for E-Liquids by Flavor - Percentage Breakdown of Value Sales for Menthol, Tobacco, Dessert, Fruits & Nuts, Chocolate and Others for the Years 2025 & 2030
    • TABLE 76: UK Recent Past, Current & Future Analysis for E-Liquids by Distribution Channel - Retail Store and Online - Independent Analysis of Annual Sales in US$ Million for the Years 2024 through 2030 and % CAGR
    • TABLE 77: UK 6-Year Perspective for E-Liquids by Distribution Channel - Percentage Breakdown of Value Sales for Retail Store and Online for the Years 2025 & 2030
    • TABLE 78: UK Recent Past, Current & Future Analysis for E-Liquids by Type - Pre-Filled and Bottled - Independent Analysis of Annual Sales in US$ Million for the Years 2024 through 2030 and % CAGR
    • TABLE 79: UK 6-Year Perspective for E-Liquids by Type - Percentage Breakdown of Value Sales for Pre-Filled and Bottled for the Years 2025 & 2030
  • REST OF EUROPE
    • TABLE 80: Rest of Europe Recent Past, Current & Future Analysis for E-Liquids by Flavor - Menthol, Tobacco, Dessert, Fruits & Nuts, Chocolate and Others - Independent Analysis of Annual Sales in US$ Million for the Years 2024 through 2030 and % CAGR
    • TABLE 81: Rest of Europe 6-Year Perspective for E-Liquids by Flavor - Percentage Breakdown of Value Sales for Menthol, Tobacco, Dessert, Fruits & Nuts, Chocolate and Others for the Years 2025 & 2030
    • TABLE 82: Rest of Europe Recent Past, Current & Future Analysis for E-Liquids by Distribution Channel - Retail Store and Online - Independent Analysis of Annual Sales in US$ Million for the Years 2024 through 2030 and % CAGR
    • TABLE 83: Rest of Europe 6-Year Perspective for E-Liquids by Distribution Channel - Percentage Breakdown of Value Sales for Retail Store and Online for the Years 2025 & 2030
    • TABLE 84: Rest of Europe Recent Past, Current & Future Analysis for E-Liquids by Type - Pre-Filled and Bottled - Independent Analysis of Annual Sales in US$ Million for the Years 2024 through 2030 and % CAGR
    • TABLE 85: Rest of Europe 6-Year Perspective for E-Liquids by Type - Percentage Breakdown of Value Sales for Pre-Filled and Bottled for the Years 2025 & 2030
  • ASIA-PACIFIC
    • E-Liquids Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Asia-Pacific for 2025 (E)
    • TABLE 86: Asia-Pacific Recent Past, Current & Future Analysis for E-Liquids by Flavor - Menthol, Tobacco, Dessert, Fruits & Nuts, Chocolate and Others - Independent Analysis of Annual Sales in US$ Million for the Years 2024 through 2030 and % CAGR
    • TABLE 87: Asia-Pacific 6-Year Perspective for E-Liquids by Flavor - Percentage Breakdown of Value Sales for Menthol, Tobacco, Dessert, Fruits & Nuts, Chocolate and Others for the Years 2025 & 2030
    • TABLE 88: Asia-Pacific Recent Past, Current & Future Analysis for E-Liquids by Distribution Channel - Retail Store and Online - Independent Analysis of Annual Sales in US$ Million for the Years 2024 through 2030 and % CAGR
    • TABLE 89: Asia-Pacific 6-Year Perspective for E-Liquids by Distribution Channel - Percentage Breakdown of Value Sales for Retail Store and Online for the Years 2025 & 2030
    • TABLE 90: Asia-Pacific Recent Past, Current & Future Analysis for E-Liquids by Type - Pre-Filled and Bottled - Independent Analysis of Annual Sales in US$ Million for the Years 2024 through 2030 and % CAGR
    • TABLE 91: Asia-Pacific 6-Year Perspective for E-Liquids by Type - Percentage Breakdown of Value Sales for Pre-Filled and Bottled for the Years 2025 & 2030
  • REST OF WORLD
    • TABLE 92: Rest of World Recent Past, Current & Future Analysis for E-Liquids by Flavor - Menthol, Tobacco, Dessert, Fruits & Nuts, Chocolate and Others - Independent Analysis of Annual Sales in US$ Million for the Years 2024 through 2030 and % CAGR
    • TABLE 93: Rest of World 6-Year Perspective for E-Liquids by Flavor - Percentage Breakdown of Value Sales for Menthol, Tobacco, Dessert, Fruits & Nuts, Chocolate and Others for the Years 2025 & 2030
    • TABLE 94: Rest of World Recent Past, Current & Future Analysis for E-Liquids by Distribution Channel - Retail Store and Online - Independent Analysis of Annual Sales in US$ Million for the Years 2024 through 2030 and % CAGR
    • TABLE 95: Rest of World 6-Year Perspective for E-Liquids by Distribution Channel - Percentage Breakdown of Value Sales for Retail Store and Online for the Years 2025 & 2030
    • TABLE 96: Rest of World Recent Past, Current & Future Analysis for E-Liquids by Type - Pre-Filled and Bottled - Independent Analysis of Annual Sales in US$ Million for the Years 2024 through 2030 and % CAGR
    • TABLE 97: Rest of World 6-Year Perspective for E-Liquids by Type - Percentage Breakdown of Value Sales for Pre-Filled and Bottled for the Years 2025 & 2030

IV. COMPETITION