DUBLIN--(BUSINESS WIRE)--Research and Markets has announced the addition of the "APAC E-Liquid Market: Focus on the type, Origin, Geography and Distribution Channel: Analysis & Forecast, 2016-2025" report to their offering.
The APAC e-liquid market currently makes up only a meager share of the global market and is valued at $291.83 million. As the proliferation of e-cigarettes in the region increases and Asia Pacific (APAC) market gains momentum the market is expected to become a multi-billion market by 2025.
Most of the e-liquids that are imported to the European and the U.S. market are manufactured in Asian countries such as China, Malaysia and Indonesia among others. More than 95% of the e-liquid in Russia are imported from China. E-cigarettes being relatively new to the market are subject to high price elasticity of demand. Since APAC offers relatively cheaper costs of labor and manufacturing, companies prefer to outsource their e-liquid manufacturing to this region.
However, with the increasing investments in research and development activities and formulation of standards to regulate the manufacturing of e-liquids, the production of e-liquid in the APAC market will continue to grow at double digit rates throughout the forecast period. The low levels of entry barriers in the form of paltry capital requirements and absence of regulations have enabled a large number of players to enter the market, which have become its driving force.
- Anarchist Vapor
- Electronic Cigarette Just Fog Co., Ltd.
- Falcon Flavors
- Farsee Technology Co. Ltd.
- Fcukin' Flava
- FeelLife Bioscience International Co., Ltd.
- FirstUnion (Shenzhen) Technology Co., Ltd.
- Huizhou Hangboo Biotech Co., Ltd.
- ITC Limited
- Innokin Technology Co., Ltd.
- Japan tobacco, inc. (JT)
- Kanger Technology Co., Ltd.
- Kimree, INC
Key Topics Covered:
1 Research Scope and Methodology
2 Market Dynamics
3 Competitive Insights
4 APAC Key Consortiums and Alliances
5 APAC E-Liquid Market Analysis and Forecast, by Type
6 APAC E-Liquid Market, by Source of Origin
7 APAC E-liquid Market, by Geography
8 APAC E-liquid Market Analysis and Forecast, by Distribution Channel
9 Company Profile
For more information about this report visit http://www.researchandmarkets.com/research/3t9wb8/apac_eliquid