The e-liquid industry in China is rapidly developing and its market size is closely related to its growth trends. According to a report by Market Research Online on the operational trends and investment planning of the Chinese e-liquid industry from 2023 to 2029, the market size of the Chinese e-liquid industry reached 5.93 billion yuan in 2018, increased to 73.1 billion yuan in 2019, reached 99.1 billion yuan in 2020, and is projected to reach 131.1 billion yuan in 2022.
Due to the strong support from the government and industry organizations, the development of the Chinese e-liquid industry is booming and its growth trend is expected to continue. Firstly, as consumers’ recognition of e-cigarette brands and products improves, the popularity of e-juice consumption will also increase, thereby driving the development of the e-liquid industry. Secondly, with technological advances, there will be more new products entering the market in the future, which will better meet consumers’ needs and also provide more growth opportunities for the e-liquid industry. Additionally, the government will continue to introduce policies to support the development of the e-liquid industry, which will promote the industry’s growth.
From the perspective of market development trends, the e-liquid industry will maintain stable growth in the future and achieve greater development in the next few years. Moreover, more new products will enter the market, bringing more convenience to consumers. According to research institutions’ predictions, the market size of the Chinese vape juice industry will continue to grow in the next few years, reaching 99.1 billion yuan in 2020, 131.1 billion yuan in 2022, 174 billion yuan in 2025, and 218 billion yuan in 2030.
In summary, the Chinese e-liquid industry will maintain stable growth in the next few years, and its market size will gradually increase. With the development of technology and the introduction of policies, there will be more new products to meet consumers’ needs, bringing more growth opportunities to the e-liquid industry.
