What do Decreasing Smoking Rates Mean for the Nicotine Industry?

by | Aug 11, 2017 | Health, Healthcare

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Regardless of both fact and feelings about smoking, the practice is on a sharp decline. In recent years, more people have given up the habit than ever before, at a rate higher per year than many previous decades combined. This is the result of increased efforts by anti-smoking groups and government-led education initiatives on the dangers of tobacco usage.

What does this decline mean for the nicotine industry? Are nicotine products manufacturers doomed to go the way of smoking itself, or are there other ways for these chemical companies to stay relevant? The answer lies with smoking’s current and former consumer base, and what they’re considering for the future.

Replacement Products – The Rise of Vaping

The use of smoking replacement products such as the e-cigarette and vapor devices has increased at nearly as rapid a rate as traditional smoking has declined. While many smokers use these alternatives to wean themselves off cigarettes, others simply enjoy the variety they offer. These products do contain nicotine in order to satisfy cravings, but lack the harmful tars and other ingredients that make cigarettes and cigars so dangerous to users.

Manufacturers of nicotine products can continue turning a profit by creating additives that make vape juice more satisfying, and make former smokers less likely to take the habit back up.

Cessation – An Old Standby for Chemical Companies

One of the longest-standing and best corporate customers for nicotine product manufacturers has always been the producers of smoking cessation products such as patches, gum, lozenges and more. Because more and more people are choosing to discontinue smoking annually, it is likely that the next decade will continue to be financially solid for these companies, giving nicotine producers one more way to stay in the game with fewer smokers. Visit BGP Healthcare Private Limited for more information. You can also like them on Facebook for latest updates.