NRT smoking cessation aids is expected to see sales decline at constant 2023 prices during the forecast period. According to Euromonitor International, currently, smoking prevalence in the country is 9.
As major tobacco manufacturers shift their focus towards smoke-free products, the growth of the cigarettes category is expected to be hindered in the forecast period. Smokeless alternatives are seen as a more preferable option than traditional cigarette smoking, and brands anticipate positive performances from these offerings, which align with the goal of becoming smoke-free by 2025.
Innovation involving the entrance of new brands or formats is not expected in NRT smoking cessation aids over the forecast period, with gum remaining the only format. Moreover, the constant anti-tobacco campaigns, smoking bans, and escalating prices due to tobacco taxation, while encouraging existing smokers to quit, will hinder demand for NRT smoking cessation aids in the longer term.
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Understand the latest market trends and future growth opportunities for the NRT Smoking Cessation Aids industry in Colombia with research from Euromonitor International's team of in-country analysts – experts by industry and geographic specialisation.
Key trends are clearly and succinctly summarised alongside the most current research data available. Understand and assess competitive threats and plan corporate strategy with our qualitative analysis, insight and confident growth projections.
If you're in the NRT Smoking Cessation Aids industry in Colombia, our research will help you to make informed, intelligent decisions; to recognise and profit from opportunity, or to offer resilience amidst market uncertainty.
NRT Smoking Cessation Aids
Nicotine-based products such as gum, lozenges, patches, and inhalators used to aid smoking cessation. Exclude electronic cigarettes (e-cigarettes).
See All of Our DefinitionsThis report originates from Passport, our NRT Smoking Cessation Aids research and analysis database.
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