Middle East and Africa Cannabidiol (CBD) Vape Juice Market, By Product Type (Full Spectrum Vape Juice, Broad Spectrum Vape Juice, CBD Isolate Vape Juice), Source (Hemp and Marijuana), Strain (Indica, Sativa, And Hybrid), Propylene Glycol (VG) & Vegetable Glycerin (PG) Ratio (50/50 VG&PG Ratio, 60/40 VG&PG Ratio, 70/30 VG&PG Ratio), Category (THC Detectable, THC Non-Detectable, and No THC), Dose (High, Medium and Low), Flavour (Flavoured and Flavourless), Test Performed (Tested For Potency and Tested For Purity), Packaging Size (>30ML, 30ML-60ML, 60ML-100ML, UPTO 1000ML), Distribution Channel (Online, Wellness & Natural Product Stores and Medical Marijuana Dispensaries)- Industry Trends and Forecast to 2029.
Market Analysis and Insights
Rising disposable income, growing consumption per capita, and changing the dietary style of consumers across the globe are the major factors fostering the growth of the Middle East and Africa cannabidiol (CBD) vape juice market. Changing lifestyle and rising awareness about cannabidiol (CBD) vape juice's health benefits are other factors that may act as market growth determinants. Increasing demand for e-liquid and e-cigarettes will further create lucrative opportunities for growth in the Middle East and Africa cannabidiol (CBD) vape juice market.
However, the availability of low-cost alternative vape juices may hamper the market growth rate. Also, stringent government regulations will further restrain the market growth rate. Health risks of CBD vape juice, such as lung injury, may pose a major challenge for the market growth.
Data Bridge Market Research analyses that the Middle East and Africa cannabidiol (CBD) vape juice market is expected to reach USD 553.04 Million in 2029 from USD 23.67 million in 2022 and grow at a CAGR of 48.7% during the forecast period of 2022 to 2029.
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Report Metric
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Details
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Forecast Period
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2022 to 2029
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Base Year
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2021
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Historic Years
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2020 (Customizable to 2019 - 2014)
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Quantitative Units
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Revenue in USD Million, Pricing in USD
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Segments Covered
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Product Type (Full Spectrum Vape Juice, Broad Spectrum Vape Juice, CBD Isolate Vape Juice), Source (Hemp and Marijuana), Strain (Indica, Sativa And Hybrid), Propylene Glycol (VG) & Vegetable Glycerin (PG) Ratio (50/50 VG&PG Ratio, 60/40 VG&PG Ratio, 70/30 VG&PG Ratio), Category (THC Detectable, THC Non-Detectable, and No THC), Dose (High, Medium and Low), Flavour (Flavoured and Flavourless), Test Performed (Tested For Potency and Tested For Purity), Packaging Size (>30ML, 30ML-60ML, 60ML-100ML, UPTO 1000ML), Distribution Channel (Online, Wellness & Natural Product Stores and Medical Marijuana Dispensaries)
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Countries Covered
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Israel, South Africa and Rest of the Middle East and Africa
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Market Players Covered
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HempBombs, JustCBD, Vape Dinner Lady, Malaya Hemp, among others
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Market Definition:
CBD vape juices, also known as CBD e-liquid or CBD vape oil, are liquids containing CBD used in e-cigarettes. These liquids are vaporized by the e-cigarette. When consumers inhale the vape juice, cannabidiol (CBD) enters their lungs, infusing the CBD into the bloodstream. CBD vape juices contain a few simple ingredients such as PG (propylene glycol), VG (vegetable glycerin), CBD extract, and the flavors used in e-liquids.
Middle East and Africa Cannabidiol (CBD) Vape Juice Market Dynamics
Drivers
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Surging demand for e-liquid
The e-liquid is made by the natural extraction method, which is boosting its popularity in the market, as natural and plant-derived products are sought-after by many consumers these days. The cannabidiol (CBD) vape juice is made up of Vegetable Glycerin (VG), Propylene Glycol (PG), natural flavors, and cannabidiol. The CBD used in the e-liquid is mostly extracted from authentic, organic CBD plants.
E-liquids are free from chemicals such as diacetyl, acetyl propionyl, ethylene glycol, diethylene glycol, and acrolein or acetoin, which are present in traditional cigarettes and cause various health issues are expected to drive the demand for the Middle East and Africa cannabidiol (CBD) vape juice market.
Opportunities
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Growing incidence of psychological disorders
There is an increase in incidences of psychological disorders such as anxiety disorders, including panic disorder, obsessive-compulsive disorder phobias, and depression.
Psychological disorders are characterized by loss of interest or pleasure, sadness, feelings of guilt or low self-worth, poor concentration, disturbed sleep or appetite, and tiredness. People with depression may also have multiple physical complaints with no apparent physical cause. Depression can be recurrent or long-lasting. Also, depression can adversely affect people's ability to function at school or work and cope with daily life. At its most severe, depression can lead to suicide.
For instance,
According to the World Health Organization (WHO), globally, an estimated 264 million people are affected by depression. More women are affected than men.
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Technological innovations in vaping
Since the beginning, the vaping industry has had regular innovations that allow manufacturers to launch or develop new products. Modern vaping technology now creates the smoothest vaping experiences with enhancements such as Bluetooth, voice activation, and better batteries. Product manufacturers and industry leaders have aimed to improve the vaping experience consistently. Such as
Pod Vaping - Pod vaping has emerged as the biggest trend in the vaping industry, with new pod vape devices being produced by manufacturers, catalyzing the intake of cannabidiol (CBD) vape juice.
Battery Advancement - Batteries on vaping devices have also significantly improved. In the beginning, batteries were clunky and did not hold a charge very well. However, nowadays, various batteries are available in the market, which increases the consumer's attraction to vaping. The reusable batteries are more in demand for vaping due to increased environmental concerns among consumers.
Restraints/Challenges
- Health risks of e-cigarettes
E-cigarettes produce several dangerous chemicals harmful to the human body, including acetaldehyde, acrolein, and formaldehyde. These aldehydes can cause lung disease, as well as cardiovascular (heart) disease
E-cigarettes also contain acrolein, an herbicide primarily used to kill weeds. It can cause acute lung injury and chronic obstructive pulmonary disease (COPD). COPD is a chronic inflammatory lung disease that causes obstructed airflow from the lungs. Also, it may cause asthma and lung cancer.
Thus, the adverse effects of regular use of e-cigarettes may challenge the global cannabidiol (CBD) vape juice market.
- High cost of CBD vape products
The CBD industry in the world is on the verge of considerable expansion. The enormous expansion of the demand for cannabis will stay extremely competitive despite the rising availability of cannabis.
The disparity on the supply side is attributed to the fact that previous to the implementation of the Agricultural Improvement Act of 2018, hemp cultivation was technically unlawful, as signed into law on 20th December 2018. Hemp cultivation was historically only permitted for research purposes in many states. The Farm bill approved the production of hemp (the psychoactive ingredient for cannabis); hemp with less than 0.3% THC and CBD is the synthesis method.
The presently generating process is a constraint in producing cannabidiol (CBD) vape juice from hemp biomass. There are a few processors that are designed for biomass extraction. The shortage of processors and the real extraction costs hold the extraction costs high. Offering and demand legislation is also rapidly equalizing this function. Several new extraction companies have joined the industry, and advances are now ongoing in the extraction method to improve extraction efficiency.
Post COVID-19 Impact on Middle East and Africa Cannabidiol (CBD) Vape Juice Market
Post the pandemic, the demand for cannabidiol (CBD) vape juice has increased as there won't be any more restrictions on movement, so the supply of products would be easy. In addition, the growing trend of trying new flavors for E-cigarettes, especially among the young population, will propel the market's growth.
Recent Development
- In September 2021, Vape Dinner Lady was awarded the first-ever 'Hall of Fame' Award, presented at Dubai's prestigious ‘2021 Vapouround Awards ceremony. This award has helped the company establish its brand value in the market
Middle East and Africa Cannabidiol (CBD) Vape Juice Market Scope
Middle East and Africa cannabidiol (CBD) vape juice market is segmented into product type, source, flavor, strain, propylene glycol (VG) & vegetable glycerin (PG) ratio, category, dose, tests performed, packaging size, and distribution channel. The growth amongst these segments will help you analyze meager growth segments in the industries and provide the users with a valuable market overview and market insights to make strategic decisions to identify core market applications.
Product Type
- Full Spectrum Vape Juice
- Broad Spectrum Vape Juice
- CBD Isolate Vape Juice
Based on product type, the Middle East and Africa cannabidiol (CBD) vape juice market is segmented into the full spectrum vape juice, broad spectrum vape juice, CBD isolate vape juice.
Source
- Hemp
- Marijuana
Based on source, the Middle East and Africa cannabidiol (CBD) vape juice market is segmented into the hemp and marijuana.
Strain
- Indica
- Sativa
- Hybrid
Based on strain, the Middle East and Africa cannabidiol (CBD) vape juice market is segmented into the indica, sativa and hybrid.
Propylene Glycol (VG) & Vegetable Glycerin (PG) Ratio
- 50/50 VG&PG Ratio
- 60/40 VG&PG Ratio
- 70/30 VG&PG Ratio
Based on propylene glycol (VG) & vegetable glycerin (PG) ratio, the Middle East and Africa cannabidiol (CBD) vape juice market is segmented into 50/50 VG&PG ratio, 60/40 VG&PG ratio, 70/30 VG&PG ratio.
Category
- THC Detectable
- THC NON-Detectable
- No THC
Based on category, the Middle East and Africa cannabidiol (CBD) vape juice market is segmented into the THC detectable, THC non-detectable and no THC.
Dose
- High
- Medium
- Low
Based on dose, the Middle East and Africa cannabidiol (CBD) vape Juice market is segmented into high, medium and low.
Flavor
- Flavoured
- Flavorless
Based on flavor, the Middle East and Africa cannabidiol (CBD) vape juice market is segmented into the flavored and flavorless.
Tests Performed
- Tested for Potency
- Tested for Purity
Based on tests performed, the Middle East and Africa cannabidiol (CBD) vape juice market is segmented into the tested for potency and tested for purity.
Packaging Size
- >30ML
- 30ML-60ML
- 60ML-100ML
- UPTO 1000ML
Based on packaging size, the Middle East and Africa cannabidiol (CBD) vape juice market is segmented into the >30ML, 30ML-60ML, 60ML-100ML, UPTO 1000ML.
Distribution Channel
- Online
- Wellness & Natural Product Stores
- Medical Marijuana Dispensaries
Based on distribution channel, the Middle East and Africa cannabidiol (CBD) vape juice market is segmented into the online, wellness & natural product stores, and medical marijuana dispensaries.
Middle East and Africa Cannabidiol (CBD) Vape Juice Market Regional Analysis/Insights
Middle East and Africa cannabidiol (CBD) vape juice market are analyzed, and market size insights and trends are provided by country, product type, source, flavor, strain, propylene glycol (PG) & vegetable glycerin (VG) ratio, category, dose, test performed, packaging size, and distribution channel as referenced above.
Some of the countries covered in the Middle East and Africa market report are Israel, South Africa, and Rest of the Middle East and Africa.
Israel is expected to dominate the Middle East and Africa cannabidiol (CBD) vape juice market in terms of market share and market revenue and will continue to flourish its dominance during the forecast period. This is due to the rise in consumption of CBD products after the legalization of CBD sales in Israel.
The country section of the report also provides individual market impacting factors and changes in regulations in the market that impact the current and future trends of the market. Data points, such as new and replacement sales, country demographics, disease epidemiology, and import-export tariffs, are some of the major pointers used to forecast the market scenario for individual countries. In addition, the presence and availability of the Middle East and Africa brands and their challenges faced due to high competition from local and domestic brands and the impact of sales channels are considered while providing forecast analysis of the country data.
Competitive Landscape and Middle East and Africa Cannabidiol (CBD) Vape Juice Market Share Analysis
Middle East and Africa cannabidiol (CBD) vape juice market competitive landscape provides details by the competitors. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, Middle East and Africa presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, and application dominance. The above data points provided are only related to the companies' focus on the Middle East and Africa cannabidiol (CBD) vape juice market.
Some of the major players operating in the Middle East and Africa cannabidiol (CBD) vape juice market are HempBombs, JustCBD, Vape Dinner Lady, Malaya Hemp, among others.
Research Methodology
Data collection and base year analysis are done using data collection modules with large sample sizes. The market data is analyzed and estimated using market statistical and coherent models. In addition, market share analysis and key trend analysis are the major success factors in the market report. The key research methodology used by the DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, GlobalVsRegional, and Vendor Share Analysis. Please request an analyst call in case of further inquiry.
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