Smoking Cessation and Nicotine De-Addiction Products Market to Grow at an Estimated CAGR of 15% During the Forecast Period 2022-2030

28 Sep 2022

The global smoking cessation and nicotine de-addiction products market is anticipated to grow at a CAGR of 15% during the forecast period of 2023 to 2030. Tobacco contains nicotine, which releases neurotransmitters like dopamine, GABA, and glutamate. Smoking cessation products assist cure cigarette and tobacco addiction. The growing number of people trying to quit smoking is one of the main factors driving the smoking cessation and nicotine de-addiction sector. Because nicotine and cigarette addiction affect the cardiovascular and respiratory systems, the government is cracking down. High cigarette taxes help market growth. Increased government initiatives connected to smoking cessation, such as public smoking bans, and public knowledge of smoking's negative effects also affect the market. High rates of poor lifestyle choices, urbanization, and increased disposable income all boost the market for smoking cessation and nicotine de-addiction solutions. Government attempts to enhance awareness generate lucrative market opportunities in the forecast timeframe. Reluctance to accept the treatment may hinder the market growth. Lack of awareness is expected to hurt the smoking cessation and nicotine de-addiction markets.

WHO estimates that tobacco use kills 8 million people annually. Over 7 million deaths are directly linked to tobacco usage, whereas 1.2 million are attributable to second-hand smoke. 8% of the world's 1.3 billion smokers live in low- or middle-income countries, which have the worst tobacco-related disease and death rates. In 2021, 65.3% of middle and high school students who used smoking cessation products were considering quitting cigarettes. Nicotine addicts can benefit from quitting smoking aids. Nicotine replacement therapy (NRT), electronic cigarettes, and antidepressants and nicotine receptor agonists are smoking cessation methods and drugs. These aids help people quit smoking and avoid smoking-related ailments. The rise in the number of people who quit smoking after utilizing products designed for this purpose drives the global smoking cessation and nicotine de-addiction market.

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Warning labels on cigarette packets must now say "Smoking is detrimental to your health," and some governments have used graphic photographs of smoking victims to get the message through. This hasn't helped individuals quit smoking, though. Nongovernmental NGOs and international healthcare organizations have raised awareness about the harms of smoking, prompting many smokers to quit. Various firms' launch of smoking cessation therapies has led to the expansion of alternative therapies in the global smoking cessation and nicotine de-addiction products market. Nicotine addiction increases cigarette sales. Nicotine detoxification treatments like gums and patches are in high demand.

Nicotine replacement therapies (NRTs) were the first FDA-approved smoking cessation medicines in the US. Buproprion (Zyban) and Varenicline (Chantix) are FDA-approved non-nicotine smoking cessation medications. E-cigarettes help individuals quit nicotine addiction. E-cigarettes can be nicotine-containing or nicotine-free, depending on the user. Growing demand for electronic cigarettes and nicotine de-addiction products is expected to boost market expansion. In 2012, 700,000 people used electronic cigarettes, but that figure is predicted to rise to 3.6 million in 2019, 3.2 million in 2020, and 3.6 million in 2021. Electronic cigarettes are gaining popularity since they're healthier than regular cigarettes. Electronic cigarettes can help smokers quit. The smoking cessation and nicotine de-addiction sector are being driven by the rise of e-cigarettes among youthful consumers. The FDA in the U.S. oversees ENDS, which includes e-cigarettes. E-cigarettes reduce the risk of tobacco-related health problems, but nicotine replacement therapy (NRTs) helps smokers quit smoking the most. Electronic cigarettes pose a threat to traditional tobacco-based cigarettes and offer tobacco companies a new market to serve customers. BAT, Lorillard, Japan Tobacco International, and Philip Morris International (PMI) cooperated with or purchased electronic cigarette manufacturers to extend their product portfolios. This helps cigarette companies offset their declining sales. This development would help the smoking cessation and nicotine de-addiction markets. The fact that electronic cigarettes are safer than regular cigarettes, their diversity of nicotine levels, and their accessibility all contribute to the market's growth.

Product recalls by manufacturers and companies due to technical defects and health dangers are a major barrier to the smoking cessation and nicotine de-addiction market. Other issues: Sainsbury's Argos, a UK supermarket chain, recalled eight electronic cigarettes in June 2019 because the external batteries were incompatible and could overheat, causing a fire or burn harm. The electronic cigarettes were recalled because the external batteries were incompatible. Epileptic convulsions and abnormal brain activity are other concerns that may limit the market for smoking cessation and nicotine de-addiction therapies.

NRT dominated sales in 2021 due to its user-friendliness, accessibility, and ability to suppress nicotine cravings. This is because nicotine replacement therapy products are widely available and inexpensive worldwide. The higher effectiveness of certain items over others leads to large market profits. Varenicline, Zyban, and Nicorette Buccal may be combined as part of a pharmaceutical therapy regimen to help smokers overcome withdrawal symptoms. Chantix is the U.S. brand name for varenicline, a non-nicotine therapy for quitting smoking. Champix is used internationally. Zyban is another widely-used medicine that's often combined with NRT. E-cigarettes are a healthier alternative to regular cigarettes, and the market is expected to increase rapidly from 2023 to 2030. The growing popularity of electronic cigarettes, aided by the product's electronic function, is typically credited with driving demand.

In 2021, direct retail sales dominated the market. Hypermarkets and supermarkets attract the lion's share of the food retailing sector because they carry so many smoking cessation products. Customers choose these outlets for groceries since they can get discounts on particular products. This increases the use of nicotine-detox products sold at these stores. Individual preferences can be selected. During the projection period, the internet sector is expected to increase rapidly.

North America led smoking cessation and nicotine de-addiction in 2021. This significant market share may be due to enhanced healthcare infrastructure and rising disposable incomes. North America is expected to maintain a leading position in the global market for smoking cessation and nicotine de-addiction products due to its strong demand for e-cigarettes. The US has the greatest market for smoking cessation and nicotine de-addiction, both in value and volume. A big region of the country, especially the U.S., has a high rate of teen e-cigarette use. High school students using electronic cigarettes rose from 1.5% in 2011 to 19.6% in 2020. North America is expected to grow rapidly due to customers' shifting preferences toward plant-based nicotine de-addiction solutions in the U.S. and Mexico. This will stimulate regional growth. This is expected to enhance demand for nicotine de-addiction solutions produced from camellia Sinensis, cloves, lobelia, and others.

Europe is a major market for products that help individuals quit smoking and overcome nicotine addiction. The UK is the second-largest market for smoking cessation and nicotine de-addiction products and services behind the US. It's Europe's largest market for nicotine-detox and smoking-cessation products. Most common in the UK are nicotine-containing OTC smoking cessation treatments (NRT). Increased knowledge of the benefits of quitting smoking and the quantity of quit-smoking programs are driving the market in Europe.

Asia Pacific is expected to develop at a 14% CAGR from 2023 to 2030. A huge target population, rapid economic growth, prospects from geographical business expansions, and undiscovered market potential are driving market growth in this region. Governments impose VAT, excise, and sales taxes on tobacco products. This raises the price of cigarettes and related items, reducing consumption. The WHO initiated a "national smoke-free law" effort in the Asia Pacific in October 2015. This program aimed to reduce the number of smokers and their exposure to smoking's dangers. Large numbers of tobacco users in China and India, which leads to high consumption of tobacco de-addiction products, make up most of the Asia Pacific area. This is because these countries have more tobacco users. As of October 2020, 26.6% of China's population smokes daily, according to Tobacco-Free Kids Organization. The organization's study led to these discoveries. A growing number of people are aware of the risks of consuming tobacco-related products, which contributes to market growth in the region.

In an effort to improve their standing in the market, the businesses operating in this sector are increasingly engaging in activities such as mergers, acquisitions, and collaborations. Takeda Pharmaceutical Company Ltd., for example, has the exclusive distribution right for the over-the-counter drug Nicorette manufactured by Johnson & Johnson and sold in Japan. The purpose of the arrangement was to grow Revolymer plc's product portfolio in the United States. The leading companies in the global market for smoking cessation and nicotine de-addiction include Pfizer Inc., GlaxoSmithKline plc (GSK), Cipla Ltd., Johnson & Johnson (J&J), ITC Ltd., Takeda Pharmaceutical Company Ltd., Alkalon A/S, 22nd Century Group, Inc., Strides Pharma Science Ltd., and JUUL Labs, Inc.

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