U.S. E-liquid Market

Focus on Type, Origin, and Distribution Channel, Analysis & Forecast, 2016-2025

Published Year: 2017
SKU: EC00336SB

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Table of Contents

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Research Methodology, Scope, and Coverage

1.1 Scope of the Study
1.2 Research Methodology
1.2.1 Primary Data Sources
1.2.2 Secondary Data Sources

Market Dynamics

2.1 Introduction
2.2 Market Drivers
2.2.1 Introduction of Second and Third Generation E-cigarette Products (Rechargeable E-cigs, Personal Vaporizers and Mods)
2.2.1.1 Control Over Nicotine Intake
2.2.1.2 The Feature of Cost Effectiveness
2.2.2 Wide Variety of Flavours
2.2.2.1 For Users Willing to Switch from Conventional Smoking
2.2.2.2 For First Time Users (Vapers)/Non Smokers
2.2.3 Lesser Harmful Ingredients Compared to Conventional Cigarettes
2.2.4 Ease of Access to Distribution Channels
2.2.5 Increasing Social Acceptability of E-cigarette
2.3 Market Challenges
2.3.1 Stringent Regulations
2.3.1.1 Transparency of Product Related Information
2.3.2 Unregulated Manufacturing in Asian Countries Especially China
2.3.3 Increasing Appeal Among Children and Adolescents
2.3.4 Government’s Intention to Levy Hefty Taxes on E-liquid
2.3.5 Increasing Number of Poisoning Incidents

Competitive Insights

3.1 Key Strategies and Developments
3.1.1 Mergers & Acquisitions
3.1.2 Product Launches
3.1.3 Partnership, Collaboration & Joint Ventures
3.1.4 Business Expansion
3.1.5 Others
3.1.5.1 Patent Lawsuits
3.1.5.2 Events
3.2 Porter’s Five Forces
3.2.1 Threat of New Entrants
3.2.1.1 Access to Distribution Channels
3.2.1.2 Capital Requirements
3.2.1.3 Economies of Scale
3.2.1.4 Entry Barriers
3.2.1.5 Product Differentiation
3.2.2 Bargaining Power of Buyers
3.2.2.1 Buyer’s Information about Supplier’s Product
3.2.2.2 Concentration of Buyers
3.2.2.3 Differentiation of Outputs
3.2.2.4 Importance of Volume to Buyers
3.2.2.5 Threat of Backward Integration
3.2.3 Bargaining Power of Suppliers
3.2.3.1 Product Differentiation
3.2.3.2 Supplier Concentration
3.2.3.3 Switching Cost
3.2.3.4 Threat of Forward Integration
3.2.4 Intensity of Competitive Rivalry
3.2.4.1 Customer’s Loyalty towards Brand
3.2.4.2 Entry Barriers
3.2.4.3 Industry Concentration
3.2.4.4 Intermittent Over Capacity
3.2.4.5 Product Differentiation
3.2.5 Presence of Substitutes
3.3 Pricing Analysis
3.3.1 Pricing by Vendors
3.3.2 Pricing by Flavor
3.4 Buying Criteria-Consumer Perspective
3.4.1 Choice of Bases/Carrier Liquid
3.4.2 Flavor
3.4.3 Nicotine Level
3.4.4 Approval & Standards
3.4.5 Cost
3.4.6 Branding
3.4.7 Packaging & Labelling

Regulatory Compliance and Guidelines

4.1 Introduction
4.2 Consortiums
4.2.1 American E-liquid Manufacturers' Standards Association (AEMSA)
4.2.2 American Public Health Association (APHA)
4.2.3 Smoke Free Alternative Trade Association (SFATA)
4.2.4 Tobacco Control Legal Consortium(TCLC)
4.2.5 Tobacco Vapor Electronic Cigarette Association (TVECA)
4.3 Regulatory Bodies
4.3.1 Food and Drug Administration (FDA)
4.3.2 The World Health Organization (WHO)
4.4 E-Liquids Compliances, Regulations and Certifications
4.4.1 ISO 9001: 2008 Certification
4.4.2 U.S. Pharmacopeial Convention (USP) Grade Ingredient
4.4.3 Generally Recognized as Safe (GRAS) Approval
4.4.4 Occupational Safety & Health Administration (OSHA) Regulation
4.5 State-Wise Legal Policy
4.5.1 Introduction
4.6 FDA Regulations

The U.S. E-Liquid Market Size Estimation & Forecast

5.1 Introduction
5.1.1 Composition of E-liquid
5.2 By Type
5.2.1 Market Statistics
5.2.2 Pre-Filled E-liquid
5.2.2.1 Key Market Players
5.2.3 Bottled E-liquid
5.2.3.1 Key Market Players
5.3 U.S. E-liquid Market by Source of Origin
5.3.1 Market Statistics

The U.S. E-liquid Market Penetration, by Distribution Channel

6.1 Introduction
6.1.1 Market Statistics
6.2 Online Distribution Channel
6.3 Retail (Brick and Mortar) Distribution Channel
6.3.1 Convenience Stores
6.3.2 Vape Shops
6.3.3 Others

Key Company Profile

7.1 Altria Group, Inc.
7.1.1 Company Overview
7.1.2 E-liquid Brands
7.1.2.1 Mark Ten
7.1.2.2 Green Smoke
7.1.3 Financials
7.1.3.1 Financial Summary
7.1.4 SWOT Analysis
7.2 Ballantyne Brands, llc
7.2.1 Company Overview
7.2.2 E-liquid Brands
7.2.2.1 Mistic
7.3 Clearette Electronic Cigarette Co.
7.3.1 Company Overview
7.4 DuraSmoke
7.4.1 Company Overview
7.5 EC Blend
7.5.1 Company Overview
7.6 Electronic Cigarettes International Group
7.6.1 Company Overview
7.6.2 E-liquid Brands
7.6.2.1 Vapestick
7.6.2.2 FIN Branding Group
7.6.2.3 Victory E-Cigarette
7.6.3 Financials
7.6.3.1 Financial Summary
7.6.4 SWOT Analysis
7.7 Fire Brand
7.7.1 Company Overview
7.8 Halocigs
7.8.1 Company Overview
7.9 Hot Vapes
7.9.1 Company Overview
7.10 Imperial Tobacco Group PLC
7.10.1 Company Overview
7.10.1.1 Fontem Ventures
7.10.2 Financials
7.10.2.1 Financial Summary
7.10.3 SWOT Analysis
7.11 International Vapor Group, Inc. (IVG)
7.11.1 Company Overview
7.11.2 E-liquid Brands
7.11.2.1 Eversmoke
7.11.2.2 Vaporfi
7.12 J Vapes E-liquid
7.12.1 Company Overview
7.13 Johnson Creek Enterprise
7.13.1 Company Overview
7.14 Mad Vapes
7.14.1 Company Overview
7.15 Mister E-liquid
7.15.1 Company Overview
7.16 Mountain Oak Vapors
7.16.1 Company Overview
7.17 NicQuid
7.17.1 Company Overview
7.18 Nicvape
7.18.1 Company Overview
7.19 Nixteria
7.19.1 Company Overview
7.20 Purilum
7.20.1 Company Overview
7.21 Reynolds American Inc. (RAI)
7.21.1 Company Overview
7.21.2 Product Portfolio
7.21.2.1 VUSE Electronic Cigarettes
7.21.3 Financials
7.21.3.1 Financial Summary
7.21.4 SWOT Analysis
7.22 Texas Select Vapor
7.22.1 Company Overview
7.23 The Vapor’s Knoll
7.23.1 Company Overview
7.24 The Vapor Bar
7.24.1 Company Overview
7.25 Vapor Cast Store
7.25.1 Company Overview
7.26 Vapor Shark
7.26.1 Company Overview

List of Tables

Table 2.1 Comparing the Presence of Chemicals in Conventional Cigarettes vs E-cigarettes
Table 3.1 Key Mergers and Acquisitions
Table 3.2 Product Launches
Table 3.3 Partnership, Collaboration & Joint Ventures
Table 3.4 Business Expansion
Table 3.5 Key Lawsuits
Table 3.6 Key Events
Table 3.7 Average Selling Price (asp) per ml, by Vendor (For Fruit Flavor)
Table 3.8 Average Selling Price (asp) per Cartridge, by Vendor
Table 3.9 Comparison of Propylene Glycol (PG) and Vegetable Glycol (VG) as Carrier Liquid in E-cigarette
Table 4.1 States with Failed E-cigarette Taxation Laws
Table 4.2 States with Pending E-cigarette Taxation Laws
Table 4.3 FDA Regulations - 2016
Table 5.1 The U.S. E-liquid Market Value, by Type, 2015-2025
Table 5.2 Pre-Filled E-liquid Pricing by Key Vendors
Table 5.3 Bottled E-liquid Pricing by Key Vendors
Table 5.4 U.S. E-liquid Market Value, by Source of Origin, 2015-2025
Table 6.1 U.S. E-liquid Market Value, by Distribution Channel, 2015-2025
Table 6.2 U.S. E-liquid Retail Distribution Channel Market Value, 2015-2025

List of Figures

Figure 1 The U.S. E-liquid Market, by Type, 2015 and 2025
Figure 2 The U.S. E-liquid Market, by Source of Origin, 2015 and 2025
Figure 3 The U.S. E-liquid Market, by Distribution Channel, 2015 and 2025
Figure 1.1 The U.S. E-Liquid Market Scope
Figure 2.1 Summarizing the Research Study on Importance of E-liquid Flavors Variety in Smoking Cessation
Figure 2.2 A Few Examples of E-Liquid Distribution Channels in the U.S.
Figure 3.1 Porters Five Forces Analysis
Figure 3.2 Factors Affecting the Cost of E-liquid
Figure 3.3 The U.S. E Liquid Market, Average Selling Price/ML ($/ml)
Figure 3.4 Certifications and Approvals Prevalent in U.S. E-liquid Market
Figure 3.5 Consumer Advocates for Smoke-Free Alternatives Association (CASAA): Research Results
Figure 3.6 Types of Prevalent E-liquid Flavors
Figure 3.7 Choosing the Right Level of Nicotine in E-cigarette
Figure 3.8 Prevalent Nicotine Distribution Levels
Figure 3.9 Label Requirement for E-liquid Packaging
Figure 4.1 Guidelines for Regulating the Manufacturing of E-liquid by AEMSA
Figure 4.2 Key Operating Principles of SFATA
Figure 4.3 Suggested Policies for E-cigarette Regulations by TCLC
Figure 4.4 E-cigarette Compliance Regulations by TVECA
Figure 4.5 Health Risks of Electronic Nicotine Delivery Systems (ENDS) to Users and Non Users
Figure 4.6 Efficacy of Electronic Nicotine Delivery Systems (ENDS) as a Smoking Cessation Tool
Figure 4.7 CGMP Guidelines for Manufacturing Process of E-liquids and Other Products
Figure 4.8 Some Regulatory Bodies Complying cGMP Guidelines
Figure 4.9 USP Benefits for Participating Companies
Figure 4.10 Key Objectives of PQM
Figure 4.11 Some Key Guidelines of OSHA
Figure 5.1 Advantages & Disadvantages of Pre-Filled E-liquid
Figure 5.2 Advantages & Disadvantages of Bottled E-liquid
Figure 5.3 U.S. E-Liquid Market Growth Trend, by Source of Origin, 2015-2025
Figure 7.1 Altria Group, Inc.: Overall Financials, 2013-2015 ($Billion)
Figure 7.2 Altria Group, Inc.: Net Revenue by Business Segments, 2013-2015 ($Million)
Figure 7.3 ECIG: Overall Financials 2013-2015 ($Million)
Figure 7.4 Imperial Tobacco Group Plc: Overall Financials, ($Billion); 2013-2015
Figure 7.5 Imperial Tobacco Group PLC: Geography Revenue Mix, ($Billion); 2013-2015
Figure 7.6 Reynolds American Inc. (RAI): Overall Financials, 2013-2015 ($Billion)

U.S. E-liquid Market

Focus on Type, Origin, and Distribution Channel, Analysis & Forecast, 2016-2025