PROSPECTS AND OPPORTUNITIES
Desire to reduce cigarette consumption will drive demand
Demand for NRT smoking cessation aids in Singapore is expected to continue its growth trajectory over the forecast period, largely driven by the increasing health-consciousness of the local population. Consumers in Singapore are prioritising their physical and mental wellbeing, with many opting to quit smoking to improve their quality of life and prevent diseases such as cancer, respiratory conditions, and heart disease.
Regional approach will be needed to tackle cigarette alternatives
Consumers in Singapore find it easy to obtain cigarette alternatives from neighbouring countries like Indonesia, Malaysia, and Thailand, where regulations are less restrictive. These alternatives are often perceived as healthier and more cost-effective compared to traditional cigarettes.
Government initiatives to curtail smoking could have impact on NRT smoking cessation products
In December 2021, New Zealand introduced a pioneering policy aimed at creating a smoke-free future by prohibiting individuals born after 2008 from purchasing tobacco products. However, in November 2023, the newly elected government announced plans to repeal this legislation, citing the need to reallocate resources to other public health initiatives.
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Overview:
Understand the latest market trends and future growth opportunities for the NRT Smoking Cessation Aids industry in Singapore 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 Singapore, 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 Singapore 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 Singapore?
- Which are the leading brands in NRT Smoking Cessation Aids in Singapore?
- How are products distributed in NRT Smoking Cessation Aids in Singapore?
- How has the regulatory and operating environment for NRT Smoking Cessation Aids changed in Singapore?
- 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 Singapore - Category analysis
KEY DATA FINDINGS
Public education and awareness campaigns encourage more people to quit smoking
Rise in vaping challenges effectiveness of NRT smoking cessation aids in Singapore
Large pharmaceutical companies maintain their leading positions
Desire to reduce cigarette consumption will drive demand
Regional approach will be needed to tackle cigarette alternatives
Government initiatives to curtail smoking could have impact on NRT smoking cessation products
Consumer Health in Singapore - 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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