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WiseGuyReports.Com Publish a New Market Research Report On –“ ELiquids and eJuice in India Market 2019 Share,Trend,Segmentation and Forecast to 2022”.
ELiquids and eJuice in India Industry 2019
The e-liquid refers to a liquid content that makes the electronic cigarette a better substitute for the traditional tobacco smoking. The e-liquids are classified into eCigarettes, eJuice, eFuilds, eCigs, electronic nicotine delivery systems (ENDS), vaporizer cigarettes, and electronic non-nicotine delivery systems (ENNDS). eLiquids are about 95% less dangerous than traditional cigarettes. The eCigarettes have no tobacco content and are powered by the battery devices emitting the flavored fogs, making them a better alternative to cigarettes.
The Indian eLiquids and eJuice market are at the early stage owing to the gradual shift of consumers from the real cigarettes to the eCigarettes. The growing concern for good health among individuals is driving the market growth in India. The Indian eLiquids and eJuice market are estimated to grow by a CAGR of 54.1% during the forecast period.
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Division of Indian eLiquids and eJuice Market
The Indian eLiquids and eJuice market are categorized based on type, demography, distribution channels, and locations.
Based on the type, the Indian market includes bottled eLiquid and pre-filled eLiquid. Most users prefer the pre-filled eLiquids more. The rising demand for pre-filled eLiquids is expected to expand the market segment over the forecast period.
Depending on the demography, the market of Indian eLiquids and eJuice is segmented into age group and sex. The leading players of the eCigarette market usually target the consumers falling in the age group of 24 to 45 years. The male market segment is the market leader owing to the better knowledge among men about the different brands and products available in the market. The higher disposable income is another factor for the growth of the market segment.
Based on the distribution channel, the market is subdivided into offline channels, online channels, and other channels. The offline channel is further segmented into convenience stores, retail outlets, and vape shops. The offline channel is the leading market segment due to the easy product availability.
Based on the location, the market is divided into tier 1 cities and tier 2 cities.
Key Drivers and Challenges of Indian eLiquids and eJuice Market
The changing lifestyle of consumers, rise in income and spending activities, increase in the young population, and the growing demand is some of the key drivers of the Indian eLiquids and eJuice Market. The evolution of innovative products and various flavors to ensure customer satisfaction is anticipated to fuel market growth.
The rules and regulations of the government and the huge tax amounts are some of the potential challenges that limit the market growth. The ban of eCigarettes in Punjab and Maharashtra is further expected to affect the growth of the market negatively.
Important Players of Indian eLiquids and eJuice Market
The important players of the market include ITC Limited, Altria Group Inc., Reynolds American Inc., Japan Tobacco Inc., Foschia, and Godfrey Philips India Ltd.
The Indian eLiquids and eJuice Market is facing legal challenges in Tamil Nadu, Maharashtra, Karnataka, and Jammu & Kashmir. The industry is still optimistic about its growth owing to the safety aspects that outweighs the real cigarettes.
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