The entire market of non-alcoholic beverages has
grown more effectively with the significant development in the technology of
product making. Whereas, the category eliquids can be segmented into eJuice,
eFluids, eCigarettes, electronic nicotine delivery systems, vaporizer
cigarettes, electronic non-nicotine delivery systems (ENNDS) and eCigs. In
addition, the eCigarettes are measured as an alternative to real cigarettes with
no tobacco and is driven by a battery device that discharges a flavored fog
when breathe in. Furthermore, eLiquids are 95% less harmful than a normal
cigarette. Meanwhile, in India, the business of eCigarette is in initial stage
as consumers are beginning to switch from traditional cigarette to eCigarette,
which are comprised healthier-hence eCigarette is becoming popular among the
end-users. The key players of this market are playing an important by
dominating the handsome amount of share in this market by investing the
effective amount of investment in the related research and developed programs
which further proved to be beneficial for leading the fastest market growth
during the forecasted period of 2016-2022.
According to the report analysis, ‘Indian
Eliquids And Ejuice Market (2016-2022)’ it is states that there are several key players which are presently
functioning in this market more significantly for accounting the handsome
amount of share by adopting the profitable market strategies and policies after
analyzing and investigating the other aspects of this market includes ITC
Limited, Japan Tobacco Inc, Altria Group Inc, Godfrey Philips India Ltd, Philip
Morris International Management SA (PMI), Reynolds American Inc, Green Vapo, Litejoy
International Pvt. Ltd, Pure Vapors, SPK Consumer Solutions Pvt. Ltd, Shenzhen
Joyetech Co., Ltd, Foschia (R.R. Chemicals), Foschia (R.R. Chemicals) and
several others. In addition, the growing young populace, transforming the
consumer lifestyle, growing demands and spending activities have led the demand
for eLiquid and eJuice in India.
In addition,
the effective developments of innovative products with extra advantages
supports to develop the customer satisfaction and significant increase in the
customer base as customers are demanding for numerous flavor products and they
are ready to spend money. According to the research, the Indian eLiquid
and eJuice Market is expected to observe a CAGR of 54.1% during the forecast
period of 2016-2022.
Although, the
market ofeLiquids and eJuiceis having some market restraints which hamper the
growth such as battery explosions, government taxation, rules and regulations
and significant rise in the poisoning incidents. For instance, for attaining
the highest market share and leading the fastest market growth after utilizing
the growth drivers such as Environment friendly, helps to quit smoking, low
cost and affordable price, less harmful than traditional cigarettes and several
others. Not only has this, the key players of this market are adopting the
profitable opportunities such as Opportunities for tobacco players, Focus on
developing states in India, Increasing demand for pre-filled eLiquid and
several others. Therefore, in the near future, it is expected that the Indian market
of eLiquids and eJuice will increase more significantly over the recent few
years.
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Contact Us:-
Ken Research
Ankur Gupta, Head Marketing & Communications
Sales@kenresearch.com
+91-9015378249
Ken Research
Ankur Gupta, Head Marketing & Communications
Sales@kenresearch.com
+91-9015378249
