PUBLISHER: KBV Research | PRODUCT CODE: 1605492
PUBLISHER: KBV Research | PRODUCT CODE: 1605492
The Europe E-liquid Market would witness market growth of 13.3% CAGR during the forecast period (2024-2031).
The Germany market dominated the Europe E-liquid Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $335.7 million by 2031. The UK market is exhibiting a CAGR of 12.3% during (2024 - 2031). Additionally, The France market would experience a CAGR of 14.2% during (2024 - 2031).
In addition, they have found use in nicotine replacement therapy for smokers trying to quit traditional cigarettes. By providing a regulated dose of nicotine, e-liquids in vaping devices offer a less harmful alternative to smoking, aiding users in managing their nicotine cravings without the harmful effects of combustible tobacco. These are available in various flavors, including fruit, dessert, mint, and tobaccos.
Some research has explored the potential of using these liquids containing non-nicotine compounds, such as CBD (cannabidiol) and terpenes, for therapeutic purposes. Vaping CBD e-liquids, for example, has gained traction as a method for delivering the benefits of CBD for relaxation, stress relief, and pain management. While the regulatory landscape surrounding these products is still developing, there is growing interest in using this for wellness.
The growth of this market in Europe varies by country and is influenced by local regulations, cultural trends, and market dynamics. The UK has one of the biggest e-liquid marketplaces in Europe, partly because of the government's encouragement of vaping as a method of quitting smoking. The NHS (National Health Service) has endorsed e-cigarettes as a safer alternative to smoking, which has driven widespread adoption. A large segment of smokers in the UK have transitioned to e-cigarettes as a method to quit smoking. The Swedish market has seen an uptick in the use of e-cigarettes and nicotine pouches as part of a broader trend toward tobacco alternatives. Strong public health messages about the risks of smoking, along with the need for alternatives to conventional tobacco products, have fueled this market's expansion. In conclusion, the above factors in the region are driving the market's growth.
Based on Type, the market is segmented into Bottled and Pre-Filled. Based on Distribution Channel, the market is segmented into Online and Retail Store (Convenience Stores, Specialty Stores, Tobacconist, Drug Stores, and News Stands). Based on Flavor Type, the market is segmented into Tobacco, Fruits & Nuts, Menthol, Dessert, Chocolate, and Other Flavor Type. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
List of Key Companies Profiled
Europe E-liquid Market Report Segmentation
By Type
By Distribution Channel
By Flavor Type
By Country