Verified Market Research recently published a report, “E-Liquid Market” has estimated a CAGR (annual growth rate) of 12.6% from 2021 to 2028.
Research keeps indicating that vapers, including adults using e-cigarettes to quit smoking, prefer flavoured products.
The report, “E-Liquid Market” highlighted that in 2020 the flavours market was valued at USD1.3 Billion and is projected to reach USD3.4 Billion by 2028.
The report highlights that market players are investing in research so as to manufacture appealing, yet safe, e-liquids. Furthermore, availing from the popularity of social media they are successfully marketing the latest trends and flavours, implementing alteration promotional plans & strategies, and increase their consumer base.
The report lists the following key developments and players, in the time period assessed.
Diane Caruana – VapingPost – 2022-09-08.