According to a ResearchAndMarkets.com report, the global market for smoking cessation and nicotine de-addiction products will grow at a CAGR of 15 per cent from 2022 to 2030, reports GlobeNewswire.

The smoking cessation and nicotine de-addiction industry is growing and is expected to grow further due to the number of people all over the world trying to quit smoking, according to the “Smoking Cessation and Nicotine De-Addiction Products Market Size, Market Share, Application Analysis, Regional Outlook, Growth Trends, Key Players, Competitive Strategies and Forecasts, 2022 To 2030” report by ResearchAndMarkets.com. Tobacco causes the death of over 8 million people each year, with 7 million of those deaths directly attributed to the use of tobacco products, according to the World Health Organization (WHO). 1.2 million deaths are attributed to non-smokers who have been exposed to second-hand smoke.
In 2021, 65.3 per cent of students in middle and high school who were using smoking cessation products were seriously considering giving up using tobacco products at all, the report states. Nicotine replacement therapies (NRTs) were the first of these kinds of products to be licensed by the Food and Drug Administration (FDA) in the US. E-cigarettes followed as another option to help people kick the habit and as the report predicts the growing demand for electronic cigarettes and nicotine de-addiction products will drive growth in the market for smoking cessation and nicotine de-addiction products.