The Global Liquid Nicotine Market was valued at USD 9.2 Billion in 2023 and is projected to reach USD 15.8 Billion by 2030, growing at a Compound Annual Growth Rate (CAGR) of 8.1% during the forecast period (2024-2030). This growth is fueled by increasing demand for e-cigarettes, innovative vaping technologies, and the shift from combustible tobacco products amid rising health consciousness.
As the vaping industry evolves with stricter regulations and technological advancements, key manufacturers are innovating with purity standards, flavor formulations, and nicotine concentration variants. In this analysis, we examine the Top 10 Companies in the Liquid Nicotine Industry—established chemical producers and emerging specialists driving the nicotine formulation landscape.
🔟 1. Feellife Health Inc.
Headquarters: Shenzhen, China
Key Offering: Pharmaceutical-grade nicotine (99.9% purity), custom formulations
Feellife Health leads the market with GMP-certified nicotine production facilities serving global vape brands. Their USP is ultra-high-purity nicotine solutions compliant with FDA, PMTA, and EU TPD regulations.
Innovation Highlights:
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Patented nicotine salt formulations
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Invested $50M in new extraction facility (2023)
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Supplies 18 of top 20 global vape brands
Download FREE Sample Report: Liquid Nicotine Market – View in Detailed Research Report
9️⃣ 2. Hangsen International Group
Key Offering: Nicotine bases (PG/VG), flavor concentrates
Hangsen controls 22% of global vape liquid OEM production, with vertically integrated operations from tobacco sourcing to finished e-liquids. Their R&D focuses on tobacco-free nicotine alternatives.
Innovation Highlights:
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300+ proprietary flavor formulations
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5 nicotine extraction patents filed in 2023
8️⃣ 3. China Boton Group
Headquarters: Shenzhen, China
Key Offering: Synthetic nicotine, nicotine bitartrate
China Boton pioneered synthetic nicotine production independent of tobacco, circumventing regulatory hurdles. Their biotech division develops patented fermentation-based nicotine production.
Innovation Highlights:
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40,000-ton annual synthetic nicotine capacity
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USP-grade nicotine for pharma applications
7️⃣ 4. U-GREEN Biotechnology
Headquarters: Shanghai, China
Key Offering: Organic nicotine, nicotine polacrilex
Specializing in “green nicotine,” U-GREEN uses patented CO₂ supercritical extraction for solvent-free production. Their nicotine is certified Kosher, Halal, and vegan-friendly.
Innovation Highlights:
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Zero-tobacco nicotine from eggplant extract
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FDA-registered facility (2022)
Download FREE Sample Report: Liquid Nicotine Market – View in Detailed Research Report
6️⃣ 5. Huizhou Hangboo Biotech
Headquarters: Guangdong, China
Key Offering: Nicotine salts, nicotine freebase
Hangboo supplies 70% of China’s domestic vape market with cost-effective nicotine solutions. Their proprietary salt formulation technology optimizes throat hit and vapor production.
Innovation Highlights:
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High-stability nicotine salts (24-month shelf life)
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Dual-certified (GMP/ISO) production lines
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