Projected Rise in Smoking Cessation Market with 10.2% CAGR by 2031

Monday, 11 March 2024, 11:30

The global smoking cessation and nicotine de-addiction market is expected to see substantial growth with a projected CAGR of 10.2% from 2022 to 2031, reaching an estimated USD 27.84 billion by 2031. Population shifts and changing age demographics play key roles in driving the demand for smoking cessation products, influencing market trends significantly.
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Projected Rise in Smoking Cessation Market with 10.2% CAGR by 2031

Global Smoking Cessation Market Insights

Population shifts and age demographics strongly impact the prevalence of smoking and the demand for cessation products in the market. The global smoking cessation and nicotine de-addiction market is estimated to witness a growth rate of 10.2% from 2022 to 2031.

Market Projections

  • Projected Revenue: USD 27.84 billion by 2031
  • Projected CAGR: 10.2%

The market analysis by Transparency Market Research highlights the increasing sales revenue expectations for the smoking cessation and nicotine de-addiction products.


This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


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