PROSPECTS AND OPPORTUNITIES
Government taxation increases set to dampen future demand
The Hong Kong government's continued efforts to curb smoking through increased taxation on tobacco products are likely to have significant implications for the future of NRT smoking cessation aids in the city. The recent and consecutive increases in the tobacco duty rate, from HKD0.
Category leaders unlikely to shift as demand declines
As Hong Kong continues its efforts to curb smoking, the increasing price of cigarettes combined with the total ban on alternative smoking devices may drive more smokers to explore nicotine replacement therapy options. However, NRT smoking cessation aids in the city has seen relatively little innovation or change in recent years.
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Overview:
Understand the latest market trends and future growth opportunities for the NRT Smoking Cessation Aids industry in Hong Kong, China 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 Hong Kong, China, our research will help you to make informed, intelligent decisions; to recognise and profit from opportunity, or to offer resilience amidst market uncertainty.
The NRT Smoking Cessation Aids in Hong Kong, China report includes:
- Analysis of key supply-side and demand trends
- Detailed segmentation of international and local products
- Historic volume and value sizes, company and brand market shares
- Five year forecasts of market trends and market growth
- Robust and transparent research methodology, conducted in-country
This report answers:
- What is the market size of NRT Smoking Cessation Aids in Hong Kong, China?
- Which are the leading brands in NRT Smoking Cessation Aids in Hong Kong, China?
- How are products distributed in NRT Smoking Cessation Aids in Hong Kong, China?
- How has the regulatory and operating environment for NRT Smoking Cessation Aids changed in Hong Kong, China?
- How are considerations such as stress, self-medication and shifting consumer lifestyles shaping demand for NRT Smoking Cessation Aids
- How significant are wider health concerns and consumer awareness in determining sales?
- Where is future growth expected to be most dynamic?
NRT Smoking Cessation Aids in Hong Kong, China - Category analysis
KEY DATA FINDINGS
Government-led initiatives contribute to smoking overall decline
Dominance of two global brands within NRT smoking cessation aids
Primary distribution channels unlikely to change
Government taxation increases set to dampen future demand
Category leaders unlikely to shift as demand declines
Consumer Health in Hong Kong, China - Industry Overview
Consumer health in 2024: The big picture
2024 key trends
Competitive landscape
Retailing developments
What next for consumer health?
OTC registration and classification
Vitamins and dietary supplements registration and classification
Self-medication/self-care and preventive medicine
Switches
DISCLAIMER
DEFINITIONS
The following categories and subcategories are included:
NRT Smoking Cessation Aids
- NRT Gum
- NRT Inhalators
- NRT Lozenges
- NRT Patches
- Other NRT
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 definitionsWhy buy this report?
- Gain competitive intelligence about market leaders
- Track key industry trends, opportunities and threats
- Inform your marketing, brand, strategy and market development, sales and supply functions
This report originates from Passport, our NRT Smoking Cessation Aids research and analysis database.
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