The global smoking cessation & nicotine de-addiction market was valued at US$ 18,368.0 Mn in 2020 and is anticipated to grow at a CAGR of 24.5% to reach US$ 132,450.0 Mn in 2029. Global smoking cessation & nicotine de-addiction market consists of two product categories: NRT (Nicotine Replacement Therapy) products and e-cigarettes. NRT (Nicotine Replacement Therapy) products including nicotine nasal spray, nicotine inhaler, nicotine gum, transdermal nicotine patch and nicotine lozenge increased in demand among smokers after they were first approved for medicinal use in 1984. E-cigarettes are the dominant category of products in the global smoking cessation & nicotine de-addiction market. The growing adoption of these smoking cessation & nicotine de-addiction products is anticipated to further proliferate the market growth.
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Rise in penetration of e-cigarettes across the globe is increasing the market size of global smoking cessation & nicotine de-addiction market and is expected to drive the market in future. Although the size of e-cigarettes market is minute, compared to global nicotine ecosystem, the global market share of e-cigarettes have increased from 1.5% in 2017 to 1.9% in 2018. The U.S. is the largest e-cigarettes market in the world. In the U.S., as per the 2019 National Youth Tobacco Survey conducted by FDA and CDC, the number of youths presently using e-cigarettes have increased from 3.6 Million plus in 2018 to 5.0 million plus in 2019. In 2016, in U.S., the market was dominated by both closed and open e-cigarettes. However, with passage of time, the market share of closed e-cigarettes system increased and in 2017, it held a major market share. Thus, rise in e-cigarettes consumption by youths in the U.S. is driving the growth of global smoking cessation & nicotine de-addiction market.
Although NRT products are approved by government across the world for medication purpose to help smokers quit smoking, e-cigarettes face several regulatory restrictions. In the U.S. which is the largest e-cigarette market, in August 2016, the FDA (Food & Drug Administration) made it illegal to sell e-cigarettes or Electronic Nicotine Delivery System (ENDS) to people less than 18 years of age. Similarly, Asia Pacific countries, such as China and India, have already restricted access to e-cigarettes. Thus, significant regulatory pressure is being imposed, thereby limiting the expansion of smoking cessation & nicotine de-addiction market.
The report also includes trends in smoking cessation & nicotine de-addiction market in global, regional and country levels, Porter Five Force Analysis, Value Chain Analysis of global smoking cessation & nicotine de-addiction market from raw material suppliers, manufacturers till distribution channel, Key Market Indicators, global market outlook, Export Import data, country-wise smoking cessation & nicotine de-addiction brand analysis along with consumer behavior in each country. The report also include market attractiveness analysis in terms of market opportunity analysis and CAGR (Compounded Annual Growth Rate) at country level, regional level and global level.
The report provides both, qualitative and quantitative research of global smoking cessation & nicotine de-addiction market, as well as provides worthy insights into the rational scenario and favored development methods adopted by key contenders. The report also offers extensive research on the key players in global smoking cessation & nicotine de-addiction market and detailed insights on the competitiveness of these players. Key business strategies such as mergers and acquisitions (M&A), affiliations, collaborations, and contracts adopted by the major players are also recognized and analyzed in the report. For each company, the report recognizes their headquarters, competitors, product/service type, application and specification, pricing, and gross margin.
The primary market participants in the global smoking cessation & nicotine de-addiction market include Juul Labs, Inc., British American Tobacco Plc., Imperial Brands Plc., Japan Tobacco Inc., Altria Group, Inc., ShenZhen Joye Technology Co., Ltd., Shenzhen Kanger Technology Co., Ltd., GaiaTrend SARL, Twisp Pty Ltd., Shenzhen IVPS Technology Co. Ltd., Pfizer Inc., GlaxoSmithKline plc (GSK), Cipla Ltd., Johnson & Johnson (J&J), ITC Ltd., Takeda Pharmaceutical Company Ltd., Alkalon A/S, 22nd Century Group, Inc. among others.
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Global Smoking Cessation & Nicotine De-addiction Market:
- By Product Type
- With Nicotine
- OTC Products
- E-cigarettes
- Open System
- Closed System
- Nicotine Gums (NRT)
- Nicotine Patches (NRT)
- Nicotine Lozenges (NRT)
- Nicotine Tablets (NRT)
- E-cigarettes
- Prescription Products
- Nicotine Sprays (NRT)
- Nicotine Inhalers (NRT)
- OTC Products
- Without Nicotine
- OTC Products
- E-cigarettes
- Open System
- Closed System
- E-cigarettes
- Prescription Products
- Zyban
- Chantix
- OTC Products
- With Nicotine
- By Distribution Channel
- Online
- Offline
- Single-brand Vape Stores
- Multi-brand Vape Stores
- Retail Outlets
- By Region
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
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