• Home News Global Value of Smoking Cessation Products Market Is Estimated To Be Worth over USD 24 Bn In 2022

Global Value of Smoking Cessation Products Market Is Estimated To Be Worth over USD 24 Bn In 2022

Posted 13 Aug-2022 04:14 AM by Neha | 12187

The market for smoking cessation products is expected to reach USD 24 billion in 2022 and USD 57 billion by 2032, growing at a CAGR of 9.2% between 2022 and 2032.


In 2022, the market for smoking cessation products will represent 3% of the overall smoking market. During the assessment period of 2022“2032, the market for products to help smokers quit is predicted to have an absolute dollar opportunity of USD 33 billion.


The report predicts that developing countries will continue to have lower nicotine and smoking cessation product demand than developed countries. According to the study, developed nations were more willing to spend money on nicotine replacement therapy and smoking cessation aids than developing nations.


For More Insights into the Market, Request a Sample of This Report: https://www.factmr.com/connectus/sample?flag=S&rep_id=2372


Report Attributes


Base Year Value (2021A)

USD 22 Billion

Estimated Year Value (2022E)

USD 24 Billion

Projected Year Value (2032F)

USD 57 Billion

Global Growth Rate (2022-2032)


North America Market Share in 2021


North America Growth Rate in 2021


Collective Value Share (US, China, India) 2022: Top 3 Countries


Top 5 Companies Market Share



How much money is generated in the market for smoking cessation products by developed regions?


Although smoking cessation products are used widely around the world, the Fact.MR study found that North America and Europe account for more than 80% of global sales of these products.


Due to the alarmingly high rates of tobacco product adoption among youth and adult populations, tobacco smoking has reached new highs in the United States and Europe. North America and Europe will contribute roughly 23.9% and 21.5%, respectively, to the market for smoking cessation products in 2021, despite the fact that the regions are seeing an increase in quitting.


Request More Information about Report Methodology: https://www.factmr.com/connectus/sample?flag=RM&rep_id=2372


Top Companies in the Smoking Cessation Products Market: Competitive Landscape


Due to the presence of numerous domestic and regional players, the global market for smoking cessation products is highly fragmented and competitive. Key players use a variety of marketing tactics, including mergers and acquisitions, expansions, collaborations, and partnerships.


Additionally, the top businesses use new product development as a strategic approach to enhance their market presence among consumers. Modern smoking cessation products have been incorporated as a result of these strategies.


For illustration:


·         In 2020, Dr. Reddy's Laboratories introduced OTC Nicotine Polacrilex Lozenges in the United States. The product is a supplement to nicotine replacement therapy that lessens withdrawal symptoms like nicotine cravings (NRT).


Key Companies Profiled


·         Johnson & Johnson Inc.

·         GlaxoSmithKline plc

·         Pfizer Inc.

·         Perrigo Company plc

·         Cipla Ltd

·         ITC Limited

·         Reynolds American Inc.

·         Imperial Tobacco Ltd.

·         Fertin Pharma

·         Alkalon A/S

·         Fontem Ventures

·         Nicotek LLC

·         Novartis

·         British American Tobacco PLC

·         Smoke Away

·         The Harvard Drug Group

·         VMR Products LLC


For In-Depth Competitive Analysis, Buy now: https://www.factmr.com/checkout/2372


Global Smoking Cessation products Market by Category

  • By Product Type :

    • Chewing Gum

    • Patches

    • Inhalers

    • Lozenges

    • Nasal Sprays


  • By Therapy :

    • Nicotine Replacement Therapy (NRT)

    • Non-NRT Therapy

    • E-Cigarettes


  • By Sales Channel :

    • Hospital Pharmacies

    • Drug Stores

    • Retail Stores

    • Online Stores


  • By Region :

    • North America

    • Latin America

    • Europe

    • East Asia

    • South Asia

    • Oceania

    • MEA


Smoking Cessation Products Market, Global Smoking Cessation Products Market, Smoking Cessation Products Demand, Sales of Smoking Cessation Products, Nicotine Replacement Therapy Demand, Non-NRT Therapy Demand Free Press Release Site, Free Press Release Service, Free Press Release Distribution Website, Free Press Release Submission, Press Release

Company Information

Company Name Contact Person Contact Number Email Id Website Address
Fact.MR 6282511583 neha.b@factmr.com https://www.factmr.com

Other Business Related Press Release News

Dallas PEO Consulting Firm Discusses Retirement Plan Consulting Free

Dallas, Texas (pressreleasepower) September 9, 2020 - BenefitCorp, a Dallas PEO consulting firm, recently released a new educational resource that edu...Read More

Philadelphia Waterproofing Company Teaches How to Remove Silicone Free

West Chester, Pennsylvania (pressreleasepower) September 8, 2020 - Waterproof Caulking and Restoration, a Philadelphia waterproofing company, recently...Read More

Increasing Number of End-use Applicationsto Boost the Cartridge Heaters Market Free

An upcoming market research report from Industry Probe titled “Cartridge Heaters Market – Global Industry Dynamics 2018-19, Trends and Foreca...Read More

Tarjs is Pleased to Announce the Launch of New Website Free

Muscat, Oman (pressreleasepower) April 30, 2020 - Tarjs is pleased to announce the launch of our brand new website! After several months of hard work ...Read More

Northern VA Design & Build Contractors Discuss Storm Damage Restoration Free

Chantilly, Virginia (pressreleasepower) - The Northern Virginia design & build contractors at Monumental Contractors, recently released ...Read More