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LAMEA E-liquid Market Size, Share & Trends Analysis Report By Type (Bottled and Pre-Filled), By Distribution Channel, By Flavor Type, By Country and Growth Forecast, 2024 - 2031

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    Report

  • 91 Pages
  • November 2024
  • Region: Africa, Middle East
  • Marqual IT Solutions Pvt. Ltd (KBV Research)
  • ID: 6032914
The Latin America, Middle East and Africa E-liquid Market is expected to witness market growth of 16.4% CAGR during the forecast period (2024-2031).

The Brazil market dominated the LAMEA E-liquid Market by country in 2023, and is expected to continue to be a dominant market till 2031; thereby, achieving a market value of $101.7 million by 2031. The Argentina market is showcasing a CAGR of 17.9% during 2024-2031. Additionally, the UAE market would register a CAGR of 15% during 2024-2031.



As vaping has become more socially accepted, particularly among younger generations, the adoption of this has expanded. The vaping culture, fueled by social media influencers, vaping communities, and marketing campaigns, has contributed to a surge in demand. Additionally, the rise of vaping lounges and events, along with the availability of stylish and customizable devices, has made vaping an appealing lifestyle choice for many consumers.

The uses of these liquids extend beyond simple nicotine consumption and include a variety of experiences and functional benefits that enhance the vaping journey. Vaping has become a social activity in many communities, with users sharing their favorite flavors, tricks, and experiences. These liquids play a significant role in this social aspect of vaping, as different users gravitate toward different flavors and brands.

The growth in disposable income in Nigeria and the rising retail sector in Brazil contribute to the global expansion of this market, albeit through different drivers. The positive growth in National Disposable Income in Nigeria, especially in Q3 and Q4 of 2022, suggests that Nigerian consumers are experiencing a rise in income levels, which can lead to higher discretionary spending. With the growth in retail sales, there is likely to be a rising trend in the demand for non-traditional smoking alternatives, such as vaping products. This economic stability allows consumers to explore and invest in lifestyle products, including e-liquids, thereby supporting the market's growth. Therefore, the rising disposable income in Nigeria and the expanding retail sector in Brazil are both key drivers fueling the growth of this market in their respective regions.

List of Key Companies Profiled

  • Black Note, Inc.
  • Breazy, Inc.
  • Vaporesso
  • Air Factory E-liquids LLC
  • Nicopure Labs LLC
  • Juul Labs, Inc.
  • FlavourArt S.r.l.
  • KangerTech-Shenzhen Kanger Technology Co., Ltd

Market Report Segmentation

By Type

  • Bottled
  • Pre-Filled

By Distribution Channel

  • Online
  • Retail Store
  • Convenience Stores
  • Specialty Stores
  • Tobacconist
  • Drug Stores
  • News Stands

By Flavor Type

  • Tobacco
  • Fruits & Nuts
  • Menthol
  • Dessert
  • Chocolate
  • Other Flavor Type

By Country

  • Brazil
  • Argentina
  • UAE
  • Saudi Arabia
  • South Africa
  • Nigeria
  • Rest of LAMEA

Table of Contents

Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 LAMEA E-liquid Market, by Type
1.4.2 LAMEA E-liquid Market, by Distribution Channel
1.4.3 LAMEA E-liquid Market, by Flavor Type
1.4.4 LAMEA E-liquid Market, by Country
1.5 Methodology for the Research
Chapter 2. Market at a Glance
2.1 Key Highlights
Chapter 3. Market Overview
3.1 Introduction
3.1.1 Overview
3.1.1.1 Market Composition and Scenario
3.2 Key Factors Impacting the Market
3.2.1 Market Drivers
3.2.2 Market Restraints
3.2.3 Market Opportunities
3.2.4 Market Challenges
3.3 Porter Five Forces Analysis
Chapter 4. LAMEA E-liquid Market by Type
4.1 LAMEA Bottled Market by Country
4.2 LAMEA Pre-Filled Market by Country
Chapter 5. LAMEA E-liquid Market by Distribution Channel
5.1 LAMEA Online Market by Country
5.2 LAMEA Retail Store Market by Country
5.3 LAMEA E-liquid Market by Retail Store Type
5.3.1 LAMEA Convenience Stores Market by Country
5.3.2 LAMEA Specialty Stores Market by Country
5.3.3 LAMEA Tobacconist Market by Country
5.3.4 LAMEA Drug Stores Market by Country
5.3.5 LAMEA News Stands Market by Country
Chapter 6. LAMEA E-liquid Market by Flavor Type
6.1 LAMEA Tobacco Market by Country
6.2 LAMEA Fruits & Nuts Market by Country
6.3 LAMEA Menthol Market by Country
6.4 LAMEA Dessert Market by Country
6.5 LAMEA Chocolate Market by Country
6.6 LAMEA Other Flavor Type Market by Country
Chapter 7. LAMEA E-liquid Market by Country
7.1 Brazil E-liquid Market
7.1.1 Brazil E-liquid Market by Type
7.1.2 Brazil E-liquid Market by Distribution Channel
7.1.2.1 Brazil E-liquid Market by Retail Store Type
7.1.3 Brazil E-liquid Market by Flavor Type
7.2 Argentina E-liquid Market
7.2.1 Argentina E-liquid Market by Type
7.2.2 Argentina E-liquid Market by Distribution Channel
7.2.2.1 Argentina E-liquid Market by Retail Store Type
7.2.3 Argentina E-liquid Market by Flavor Type
7.3 UAE E-liquid Market
7.3.1 UAE E-liquid Market by Type
7.3.2 UAE E-liquid Market by Distribution Channel
7.3.2.1 UAE E-liquid Market by Retail Store Type
7.3.3 UAE E-liquid Market by Flavor Type
7.4 Saudi Arabia E-liquid Market
7.4.1 Saudi Arabia E-liquid Market by Type
7.4.2 Saudi Arabia E-liquid Market by Distribution Channel
7.4.2.1 Saudi Arabia E-liquid Market by Retail Store Type
7.4.3 Saudi Arabia E-liquid Market by Flavor Type
7.5 South Africa E-liquid Market
7.5.1 South Africa E-liquid Market by Type
7.5.2 South Africa E-liquid Market by Distribution Channel
7.5.2.1 South Africa E-liquid Market by Retail Store Type
7.5.3 South Africa E-liquid Market by Flavor Type
7.6 Nigeria E-liquid Market
7.6.1 Nigeria E-liquid Market by Type
7.6.2 Nigeria E-liquid Market by Distribution Channel
7.6.2.1 Nigeria E-liquid Market by Retail Store Type
7.6.3 Nigeria E-liquid Market by Flavor Type
7.7 Rest of LAMEA E-liquid Market
7.7.1 Rest of LAMEA E-liquid Market by Type
7.7.2 Rest of LAMEA E-liquid Market by Distribution Channel
7.7.2.1 Rest of LAMEA E-liquid Market by Retail Store Type
7.7.3 Rest of LAMEA E-liquid Market by Flavor Type
Chapter 8. Company Profiles
8.1 Black Note, Inc.
8.1.1 Company Overview
8.2 Breazy, Inc.
8.2.1 Company Overview
8.3 Vaporesso
8.3.1 Company Overview
8.4 Air Factory E-liquids LLC
8.4.1 Company Overview
8.5 Shenzhen Kanger Technology Co., Ltd.
8.5.1 Company Overview
8.6 Juul Labs, Inc.
8.6.1 Company Overview
8.7 Nicopure Labs LLC (Halo Cigs)
8.7.1 Company Overview
8.8 FlavourArt S.r.l.
8.8.1 Company Overview

Companies Mentioned

  • Black Note, Inc.
  • Breazy, Inc.
  • Vaporesso
  • Air Factory E-liquids LLC
  • Nicopure Labs LLC
  • Juul Labs, Inc.
  • FlavourArt S.r.l.
  • KangerTech-Shenzhen Kanger Technology Co., Ltd

Methodology

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