Global E-Liquids Market Research Report, Competitive, Technology and Forecast Analysis 2025-2032
Description
Market Overview
According to DIResearch＇s in-depth investigation and research, the global E-Liquids market size will reach 2,815.49 Million USD in 2025 and is projected to reach 5,617.09 Million USD by 2032, with a CAGR of 10.37% (2025-2032). Notably, the China E-Liquids market has changed rapidly in the past few years. By 2025, China＇s market size is expected to be Million USD, representing approximately % of the global market share.
Research Summary
E-liquids, short for electronic liquids, are a fundamental component of electronic cigarettes (e-cigarettes) and vaporizers. These liquids typically consist of a blend of propylene glycol and vegetable glycerin, along with nicotine and flavorings, although nicotine-free varieties are also available. When heated by the device＇s atomizer or heating coil, the e-liquid transforms into a vapor that users inhale, simulating the act of smoking while providing the nicotine and flavor experience without the harmful byproducts of combustion. E-liquids come in a wide range of flavors, nicotine strengths, and formulations, offering users a customizable and often less harmful alternative to traditional tobacco smoking.
The major global manufacturers of E-Liquids include Halo, VMR Product, Turning Points Brands, Nasty Juice, Darkside, Kings Crest, Five Pawns, Ripe Vapes, Nicquid, Dinner Lady, Vape Wild, Black Note, Nicopure Labs, Boulder, Cosmic Fog Cannabis, Shenzhen Oplus Biotechnologies, Shenzhen Hangsen Star Technology, China Boton Group, Dekang, Shenzhen Yupeng Technology, Dongguan Hongfu Bio-tech, eyaoqe, etc. The global players competition landscape in this report is divided into three tiers. The first tier comprises global leading enterprises that command a substantial market share, hold a dominant industry position, possess strong competitiveness and influence, and generate significant revenue. The second tier includes companies with a notable market presence and reputation; these firms actively follow industry leaders in product, service, or technological innovation and maintain a moderate revenue scale. The third tier consists of smaller companies with limited market share and lower brand recognition, primarily focused on local markets and generating comparatively lower revenue.
This report studies the market size, price trends and future development prospects of E-Liquids. Focus on analysing the market share, product portfolio, prices, sales, revenue and gross profit margin of global major manufacturers, as well as the market status and trends of different product types and applications in the global E-Liquids market. The report data covers historical data from 2020 to 2024, based year in 2025 and forecast data from 2026 to 2032.
The regions and countries in the report include US, Germany, Japan, China, France, UK, South Korea, Canada, Italy, Russia, Mexico, Brazil, India, Vietnam, Thailand, South Africa and other regions, covering the E-Liquids market conditions and future development trends of key regions and countries, combined with industry-related policies and the latest technological developments, analyze the development characteristics of E-Liquids industries in various regions and countries, help companies understand the development characteristics of each region, help companies formulate business strategies, and achieve the ultimate goal of the company's global development strategy.
The data sources of this report mainly include the National Bureau of Statistics, customs databases, industry associations, corporate financial reports, third-party databases, etc. Among them, macroeconomic data mainly comes from the National Bureau of Statistics, International Economic Research Organization; industry statistical data mainly come from industry associations; company data mainly comes from interviews, public information collection, third-party reliable databases, and price data mainly comes from various markets monitoring database.
Global Key Manufacturers of E-Liquids Include:
Halo
VMR Product
Turning Points Brands
Nasty Juice
Darkside
Kings Crest
Five Pawns
Ripe Vapes
Nicquid
Dinner Lady
Vape Wild
Black Note
Nicopure Labs
Boulder
Cosmic Fog Cannabis
Shenzhen Oplus Biotechnologies
Shenzhen Hangsen Star Technology
China Boton Group
Dekang
Shenzhen Yupeng Technology
Dongguan Hongfu Bio-tech
eyaoqe
E-Liquids Product Segment Include:
PG Base E-Liquids
VG Base E-Liquids
Blend PG&VG
E-Liquids Product Application Include:
Offline
Online
Chapter Scope
Chapter 1: Product Research Range, Product Types and Applications, Market Overview, Market Situation and Trend
Chapter 2: Global E-Liquids Industry PESTEL Analysis
Chapter 3: Global E-Liquids Industry Porter's Five Forces Analysis
Chapter 4: Global E-Liquids Major Regional Market Size (Sales, Revenue, Price) and Forecast Analysis
Chapter 5: Global E-Liquids Competitive Analysis of Key Manufacturers (Sales, Revenue, Market Share, Price, Regional Distribution and Industry Concentration)
Chapter 6: Global E-Liquids Sales, Revenue, Price and Forecast by Product Type
Chapter 7: Key Company Profiles (Product Portfolio, Sales, Revenue, Price and Gross Margin)
Chapter 8: Industrial Chain Analysis, E-Liquids Different Application Market Analysis (Sales and Revenue), Sales Channel Analysis
Chapter 9: Research Findings and Conclusion
Chapter 10: Methodology and Data Sources
According to DIResearch＇s in-depth investigation and research, the global E-Liquids market size will reach 2,815.49 Million USD in 2025 and is projected to reach 5,617.09 Million USD by 2032, with a CAGR of 10.37% (2025-2032). Notably, the China E-Liquids market has changed rapidly in the past few years. By 2025, China＇s market size is expected to be Million USD, representing approximately % of the global market share.
Research Summary
E-liquids, short for electronic liquids, are a fundamental component of electronic cigarettes (e-cigarettes) and vaporizers. These liquids typically consist of a blend of propylene glycol and vegetable glycerin, along with nicotine and flavorings, although nicotine-free varieties are also available. When heated by the device＇s atomizer or heating coil, the e-liquid transforms into a vapor that users inhale, simulating the act of smoking while providing the nicotine and flavor experience without the harmful byproducts of combustion. E-liquids come in a wide range of flavors, nicotine strengths, and formulations, offering users a customizable and often less harmful alternative to traditional tobacco smoking.
The major global manufacturers of E-Liquids include Halo, VMR Product, Turning Points Brands, Nasty Juice, Darkside, Kings Crest, Five Pawns, Ripe Vapes, Nicquid, Dinner Lady, Vape Wild, Black Note, Nicopure Labs, Boulder, Cosmic Fog Cannabis, Shenzhen Oplus Biotechnologies, Shenzhen Hangsen Star Technology, China Boton Group, Dekang, Shenzhen Yupeng Technology, Dongguan Hongfu Bio-tech, eyaoqe, etc. The global players competition landscape in this report is divided into three tiers. The first tier comprises global leading enterprises that command a substantial market share, hold a dominant industry position, possess strong competitiveness and influence, and generate significant revenue. The second tier includes companies with a notable market presence and reputation; these firms actively follow industry leaders in product, service, or technological innovation and maintain a moderate revenue scale. The third tier consists of smaller companies with limited market share and lower brand recognition, primarily focused on local markets and generating comparatively lower revenue.
This report studies the market size, price trends and future development prospects of E-Liquids. Focus on analysing the market share, product portfolio, prices, sales, revenue and gross profit margin of global major manufacturers, as well as the market status and trends of different product types and applications in the global E-Liquids market. The report data covers historical data from 2020 to 2024, based year in 2025 and forecast data from 2026 to 2032.
The regions and countries in the report include US, Germany, Japan, China, France, UK, South Korea, Canada, Italy, Russia, Mexico, Brazil, India, Vietnam, Thailand, South Africa and other regions, covering the E-Liquids market conditions and future development trends of key regions and countries, combined with industry-related policies and the latest technological developments, analyze the development characteristics of E-Liquids industries in various regions and countries, help companies understand the development characteristics of each region, help companies formulate business strategies, and achieve the ultimate goal of the company's global development strategy.
The data sources of this report mainly include the National Bureau of Statistics, customs databases, industry associations, corporate financial reports, third-party databases, etc. Among them, macroeconomic data mainly comes from the National Bureau of Statistics, International Economic Research Organization; industry statistical data mainly come from industry associations; company data mainly comes from interviews, public information collection, third-party reliable databases, and price data mainly comes from various markets monitoring database.
Global Key Manufacturers of E-Liquids Include:
Halo
VMR Product
Turning Points Brands
Nasty Juice
Darkside
Kings Crest
Five Pawns
Ripe Vapes
Nicquid
Dinner Lady
Vape Wild
Black Note
Nicopure Labs
Boulder
Cosmic Fog Cannabis
Shenzhen Oplus Biotechnologies
Shenzhen Hangsen Star Technology
China Boton Group
Dekang
Shenzhen Yupeng Technology
Dongguan Hongfu Bio-tech
eyaoqe
E-Liquids Product Segment Include:
PG Base E-Liquids
VG Base E-Liquids
Blend PG&VG
E-Liquids Product Application Include:
Offline
Online
Chapter Scope
Chapter 1: Product Research Range, Product Types and Applications, Market Overview, Market Situation and Trend
Chapter 2: Global E-Liquids Industry PESTEL Analysis
Chapter 3: Global E-Liquids Industry Porter's Five Forces Analysis
Chapter 4: Global E-Liquids Major Regional Market Size (Sales, Revenue, Price) and Forecast Analysis
Chapter 5: Global E-Liquids Competitive Analysis of Key Manufacturers (Sales, Revenue, Market Share, Price, Regional Distribution and Industry Concentration)
Chapter 6: Global E-Liquids Sales, Revenue, Price and Forecast by Product Type
Chapter 7: Key Company Profiles (Product Portfolio, Sales, Revenue, Price and Gross Margin)
Chapter 8: Industrial Chain Analysis, E-Liquids Different Application Market Analysis (Sales and Revenue), Sales Channel Analysis
Chapter 9: Research Findings and Conclusion
Chapter 10: Methodology and Data Sources
Table of Contents
165 Pages
- 1 E-Liquids Market Overview
- 1.1 Product Definition and Statistical Scope
- 1.2 E-Liquids Product by Type
- 1.2.1 PG Base E-Liquids
- 1.2.2 VG Base E-Liquids
- 1.2.3 Blend PG&VG
- 1.3 E-Liquids Product by Application
- 1.3.1 Offline
- 1.3.2 Online
- 1.4 Global E-Liquids Market Revenue and Sales Analysis
- 1.4.1 Global E-Liquids Revenue Market Size Analysis (2020-2032)
- 1.4.2 Global E-Liquids Sales Market Size Analysis (2020-2032)
- 1.4.3 Global E-Liquids Market Sales Price Trend Analysis (2020-2032)
- 1.5 E-Liquids Market Development Status and Trends
- 1.5.1 E-Liquids Industry Development Status Analysis
- 1.5.2 E-Liquids Industry Development Trends Analysis
- 2 E-Liquids Market PESTEL Analysis
- 2.1 Political Factors Analysis
- 2.2 Economic Factors Analysis
- 2.3 Social Factors Analysis
- 2.4 Technological Factors Analysis
- 2.5 Environmental Factors Analysis
- 2.6 Legal Factors Analysis
- 3 E-Liquids Market Porter's Five Forces Analysis
- 3.1 Competitive Rivalry
- 3.2 Threat of New Entrants
- 3.3 Bargaining Power of Suppliers
- 3.4 Bargaining Power of Buyers
- 3.5 Threat of Substitutes
- 4 Global E-Liquids Market Analysis by Country
- 4.1 Global E-Liquids Market Size Analysis by Country: 2024 VS 2025 VS 2032
- 4.1.1 Global E-Liquids Revenue and Market Share by Country (2020-2025)
- 4.1.2 Global E-Liquids Revenue and Market Share Forecast by Country (2026-2032)
- 4.2 Global E-Liquids Sales Analysis by Country: 2024 VS 2025 VS 2032
- 4.2.1 Global E-Liquids Sales and Market Share by Country (2020-2025)
- 4.2.2 Global E-Liquids Sales and Market Share Forecast by Country (2026-2032)
- 4.3 United States E-Liquids Market Sales, Revenue and Growth Rate (2020-2032)
- 4.4 Germany E-Liquids Market Sales, Revenue and Growth Rate (2020-2032)
- 4.5 Japan E-Liquids Market Sales, Revenue and Growth Rate (2020-2032)
- 4.6 China E-Liquids Market Sales, Revenue and Growth Rate (2020-2032)
- 4.7 France E-Liquids Market Sales, Revenue and Growth Rate (2020-2032)
- 4.8 U.K. E-Liquids Market Sales, Revenue and Growth Rate (2020-2032)
- 4.9 South Korea E-Liquids Market Sales, Revenue and Growth Rate (2020-2032)
- 4.10 Canada E-Liquids Market Sales, Revenue and Growth Rate (2020-2032)
- 4.11 Italy E-Liquids Market Sales, Revenue and Growth Rate (2020-2032)
- 4.12 Russia E-Liquids Market Sales, Revenue and Growth Rate (2020-2032)
- 4.13 Mexico E-Liquids Market Sales, Revenue and Growth Rate (2020-2032)
- 4.14 Brazil E-Liquids Market Sales, Revenue and Growth Rate (2020-2032)
- 4.15 India E-Liquids Market Sales, Revenue and Growth Rate (2020-2032)
- 4.16 Vietnam E-Liquids Market Sales, Revenue and Growth Rate (2020-2032)
- 4.17 Thailand E-Liquids Market Sales, Revenue and Growth Rate (2020-2032)
- 4.18 South Africa E-Liquids Market Sales, Revenue and Growth Rate (2020-2032)
- 5 Competition by Manufacturers
- 5.1 Global E-Liquids Market Sales, Revenue and Sales Price by Key Manufacturers (2021-2025)
- 5.1.1 Global E-Liquids Market Sales by Key Manufacturers (2021-2025)
- 5.1.2 Global E-Liquids Market Revenue by Key Manufacturers (2021-2025)
- 5.1.3 Global E-Liquids Average Sales Price by Manufacturers (2021-2025)
- 5.2 E-Liquids Competitive Landscape Analysis and Market Dynamic
- 5.2.1 E-Liquids Competitive Landscape Analysis
- 5.2.2 Global Key Manufacturers Headquarter and Key Area Sales
- 5.2.3 Market Dynamic
- 6 E-Liquids Market Analysis by Type
- 6.1 Global E-Liquids Market Revenue Analysis by Type
- 6.1.1 Global E-Liquids Market Size Analysis by Type: 2024 & 2025 & 2032
- 6.1.2 Global E-Liquids Revenue and Forecast Analysis by Type (2020-2032)
- 6.2 Global E-Liquids Market Sales and Forecast Analysis by Type (2020-2032)
- 6.3 Global E-Liquids Sales Price Trend Analysis by Type (2020-2032)
- 7 Key Companies Analysis
- 7.1 Halo
- 7.1.1 Halo Basic Company Profile (Employees, Areas Service, Competitors and Contact Information)
- 7.1.2 Halo E-Liquids Product Portfolio
- 7.1.3 Halo E-Liquids Market Data Analysis (Revenue, Sales, Price, Gross Margin and Market Share) (2021-2025)
- 7.2 VMR Product
- 7.2.1 VMR Product Basic Company Profile (Employees, Areas Service, Competitors and Contact Information)
- 7.2.2 VMR Product E-Liquids Product Portfolio
- 7.2.3 VMR Product E-Liquids Market Data Analysis (Revenue, Sales, Price, Gross Margin and Market Share) (2021-2025)
- 7.3 Turning Points Brands
- 7.3.1 Turning Points Brands Basic Company Profile (Employees, Areas Service, Competitors and Contact Information)
- 7.3.2 Turning Points Brands E-Liquids Product Portfolio
- 7.3.3 Turning Points Brands E-Liquids Market Data Analysis (Revenue, Sales, Price, Gross Margin and Market Share) (2021-2025)
- 7.4 Nasty Juice
- 7.4.1 Nasty Juice Basic Company Profile (Employees, Areas Service, Competitors and Contact Information)
- 7.4.2 Nasty Juice E-Liquids Product Portfolio
- 7.4.3 Nasty Juice E-Liquids Market Data Analysis (Revenue, Sales, Price, Gross Margin and Market Share) (2021-2025)
- 7.5 Darkside
- 7.5.1 Darkside Basic Company Profile (Employees, Areas Service, Competitors and Contact Information)
- 7.5.2 Darkside E-Liquids Product Portfolio
- 7.5.3 Darkside E-Liquids Market Data Analysis (Revenue, Sales, Price, Gross Margin and Market Share) (2021-2025)
- 7.6 Kings Crest
- 7.6.1 Kings Crest Basic Company Profile (Employees, Areas Service, Competitors and Contact Information)
- 7.6.2 Kings Crest E-Liquids Product Portfolio
- 7.6.3 Kings Crest E-Liquids Market Data Analysis (Revenue, Sales, Price, Gross Margin and Market Share) (2021-2025)
- 7.7 Five Pawns
- 7.7.1 Five Pawns Basic Company Profile (Employees, Areas Service, Competitors and Contact Information)
- 7.7.2 Five Pawns E-Liquids Product Portfolio
- 7.7.3 Five Pawns E-Liquids Market Data Analysis (Revenue, Sales, Price, Gross Margin and Market Share) (2021-2025)
- 7.8 Ripe Vapes
- 7.8.1 Ripe Vapes Basic Company Profile (Employees, Areas Service, Competitors and Contact Information)
- 7.8.2 Ripe Vapes E-Liquids Product Portfolio
- 7.8.3 Ripe Vapes E-Liquids Market Data Analysis (Revenue, Sales, Price, Gross Margin and Market Share) (2021-2025)
- 7.9 Nicquid
- 7.9.1 Nicquid Basic Company Profile (Employees, Areas Service, Competitors and Contact Information)
- 7.9.2 Nicquid E-Liquids Product Portfolio
- 7.9.3 Nicquid E-Liquids Market Data Analysis (Revenue, Sales, Price, Gross Margin and Market Share) (2021-2025)
- 7.10 Dinner Lady
- 7.10.1 Dinner Lady Basic Company Profile (Employees, Areas Service, Competitors and Contact Information)
- 7.10.2 Dinner Lady E-Liquids Product Portfolio
- 7.10.3 Dinner Lady E-Liquids Market Data Analysis (Revenue, Sales, Price, Gross Margin and Market Share) (2021-2025)
- 7.11 Vape Wild
- 7.11.1 Vape Wild Basic Company Profile (Employees, Areas Service, Competitors and Contact Information)
- 7.11.2 Vape Wild E-Liquids Product Portfolio
- 7.11.3 Vape Wild E-Liquids Market Data Analysis (Revenue, Sales, Price, Gross Margin and Market Share) (2021-2025)
- 7.12 Black Note
- 7.12.1 Black Note Basic Company Profile (Employees, Areas Service, Competitors and Contact Information)
- 7.12.2 Black Note E-Liquids Product Portfolio
- 7.12.3 Black Note E-Liquids Market Data Analysis (Revenue, Sales, Price, Gross Margin and Market Share) (2021-2025)
- 7.13 Nicopure Labs
- 7.13.1 Nicopure Labs Basic Company Profile (Employees, Areas Service, Competitors and Contact Information)
- 7.13.2 Nicopure Labs E-Liquids Product Portfolio
- 7.13.3 Nicopure Labs E-Liquids Market Data Analysis (Revenue, Sales, Price, Gross Margin and Market Share) (2021-2025)
- 7.14 Boulder
- 7.14.1 Boulder Basic Company Profile (Employees, Areas Service, Competitors and Contact Information)
- 7.14.2 Boulder E-Liquids Product Portfolio
- 7.14.3 Boulder E-Liquids Market Data Analysis (Revenue, Sales, Price, Gross Margin and Market Share) (2021-2025)
- 7.15 Cosmic Fog Cannabis
- 7.15.1 Cosmic Fog Cannabis Basic Company Profile (Employees, Areas Service, Competitors and Contact Information)
- 7.15.2 Cosmic Fog Cannabis E-Liquids Product Portfolio
- 7.15.3 Cosmic Fog Cannabis E-Liquids Market Data Analysis (Revenue, Sales, Price, Gross Margin and Market Share) (2021-2025)
- 7.16 Shenzhen Oplus Biotechnologies
- 7.16.1 Shenzhen Oplus Biotechnologies Basic Company Profile (Employees, Areas Service, Competitors and Contact Information)
- 7.16.2 Shenzhen Oplus Biotechnologies E-Liquids Product Portfolio
- 7.16.3 Shenzhen Oplus Biotechnologies E-Liquids Market Data Analysis (Revenue, Sales, Price, Gross Margin and Market Share) (2021-2025)
- 7.17 Shenzhen Hangsen Star Technology
- 7.17.1 Shenzhen Hangsen Star Technology Basic Company Profile (Employees, Areas Service, Competitors and Contact Information)
- 7.17.2 Shenzhen Hangsen Star Technology E-Liquids Product Portfolio
- 7.17.3 Shenzhen Hangsen Star Technology E-Liquids Market Data Analysis (Revenue, Sales, Price, Gross Margin and Market Share) (2021-2025)
- 7.18 China Boton Group
- 7.18.1 China Boton Group Basic Company Profile (Employees, Areas Service, Competitors and Contact Information)
- 7.18.2 China Boton Group E-Liquids Product Portfolio
- 7.18.3 China Boton Group E-Liquids Market Data Analysis (Revenue, Sales, Price, Gross Margin and Market Share) (2021-2025)
- 7.19 Dekang
- 7.19.1 Dekang Basic Company Profile (Employees, Areas Service, Competitors and Contact Information)
- 7.19.2 Dekang E-Liquids Product Portfolio
- 7.19.3 Dekang E-Liquids Market Data Analysis (Revenue, Sales, Price, Gross Margin and Market Share) (2021-2025)
- 7.20 Shenzhen Yupeng Technology
- 7.20.1 Shenzhen Yupeng Technology Basic Company Profile (Employees, Areas Service, Competitors and Contact Information)
- 7.20.2 Shenzhen Yupeng Technology E-Liquids Product Portfolio
- 7.20.3 Shenzhen Yupeng Technology E-Liquids Market Data Analysis (Revenue, Sales, Price, Gross Margin and Market Share) (2021-2025)
- 7.21 Dongguan Hongfu Bio-tech
- 7.21.1 Dongguan Hongfu Bio-tech Basic Company Profile (Employees, Areas Service, Competitors and Contact Information)
- 7.21.2 Dongguan Hongfu Bio-tech E-Liquids Product Portfolio
- 7.21.3 Dongguan Hongfu Bio-tech E-Liquids Market Data Analysis (Revenue, Sales, Price, Gross Margin and Market Share) (2021-2025)
- 7.22 eyaoqe
- 7.22.1 eyaoqe Basic Company Profile (Employees, Areas Service, Competitors and Contact Information)
- 7.22.2 eyaoqe E-Liquids Product Portfolio
- 7.22.3 eyaoqe E-Liquids Market Data Analysis (Revenue, Sales, Price, Gross Margin and Market Share) (2021-2025)
- 8 Industry Chain Analysis
- 8.1 E-Liquids Industry Chain Analysis
- 8.2 E-Liquids Industry Upstream Supply Analysis
- 8.2.1 Upstream Key Raw Material Supply Analysis
- 8.2.2 Raw Material Suppliers and Contact Information
- 8.3 E-Liquids Product Downstream Application Analysis
- 8.3.1 Global E-Liquids Revenue Market Size by Application: 2024 & 2025 & 2032
- 8.3.2 Global E-Liquids Revenue and Forecast Analysis by Application (2020-2032)
- 8.3.3 Global E-Liquids Sales and Forecast Analysis by Application (2020-2032)
- 8.4 E-Liquids Typical Downstream Customers
- 8.5 E-Liquids Sales Channel Analysis
- 9 Research Findings and Conclusion
- 10 Methodology and Data Source
- 10.1 Methodology/Research Approach
- 10.2 Research Scope
- 10.3 Benchmarks and Assumptions
- 10.4 Date Source
- 10.4.1 Primary Sources
- 10.4.2 Secondary Sources
- 10.5 Data Cross Validation
- 10.6 Disclaimer
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