Smoking Cessation and Nicotine De-addiction Market to Signify Strong Growth by 2024-2031

The global smoking cessation and nicotine de-addiction market is anticipated to grow at a considerable CAGR of 15.2% during the forecast period (2024-2031). E-cigarettes, also known as electronic nicotine delivery systems (ENDS) as well as electronic non-nicotine delivery systems (ENNDS), come in a variety of flavors. These devices heat a liquid to produce aerosols that user inhales. These e-liquids may or may not contain nicotine (not tobacco), however they almost always contain additives, flavors, and chemicals. E-cigarettes use has been increased rapidly over the past decades. Out of which, the utilization rate among middle schoolers rose from 0.6% in 2011 to 10.5% in 2019. Youth may be exposed to pro-tobacco content and advertising on social media from a variety of sources, including commercial brands as well as their peers or influential accounts they follow. Due to the nature of social networking, branded or promotional content can spread virally across platforms, potentially increasing young exposure to overt marketing and pro-tobacco content uploaded by powerful peer network members. In 2019, 36.9% of adult e-cigarette users were cigarette smokers. This pattern is commonly referred to as dual use or poly tobacco use.

E-cigarette Nicotine vapes are ideal for consumers looking for something portable and simple to use. The leading e-cigarette brands create devices in a variety of shapes and flavours. As a result, there is something for everyone. Pre-filled, pre-charged disposables are the most popular. They have no buttons or controllers and instead rely on draw activation. However, there are numerous alternative electronic cigarettes and e-cigarette starting kits available. For instance, in April 13, 2022, 22nd Century Group announce a of launch of new VLN cigarettes in the smoking cessation segment which contains 95% less nicotine than conventional cigarettes. The first and only combustible tobacco cigarette containing minimal to non-addictive levels of nicotine and authorized by the US Food and Drug Administration (FDA) to help adult smokers smoke less is currently available through a national pilot, exclusively in more than 150 Circle K convenience stores across Chicagoland. E-cigarettes are becoming popular since they are safer than traditional cigarettes. E-cigarettes can also assist smokers quit smoking traditional cigarettes. As a result, the surge in popularity of e-cigarettes over cigarettes among young users is boosting the market for smoking cessation and nicotine de-addiction.

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Market Coverage

The market number available for - 2024-2031
Base year- 2023
Forecast period- 2024-2031

Segment Covered- 

By Types
By Distribution Channel

Regions Covered- 

North America
Europe
Asia-Pacific
Rest of the World

Competitive Landscape- includes Johnson & Johnson Services, Inc., Pfizer, Inc., Cipla Inc., and others.

Smoking Cessation and Nicotine De-addiction Market Report Segment

By Types 

Nicotine Replacement Therapy (NRT)
Drug Therapy
E-Cigarettes

By Distribution Channel 

Hospitals Pharmacies
Drug Stores
Retail Stores
Online Stores

A full report of Smoking Cessation and Nicotine De-addiction Market available @ https://www.omrglobal.com/industry-reports/smoking-cessation-and-nicotine-de-addiction-market

Company Profiles

British American Tobacco Plc
Reddy's Laboratories Ltd.
GlaxoSmithKline Plc
Imperial Brands Plc
Japan Tobacco, Inc.
JUUL Labs, Inc.
Philip Morris International Inc.
Niconovum AB
Perrigo Company plc,
OncoGenex Pharmaceuticals, Inc.
NJOY, LLC
Vaping Daily

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