Seven things you need to know about Tobacco, Vape and Next Generation
The nicotine market is evolving with declining smoking rates, the rise of pouches and reusable vapes, and increasing regulation, requiring retailers to adapt.Summary
The nicotine category is undergoing significant transformation driven by falling smoking rates, tightening regulations, and changing consumer preferences. Dual-use behavior, where consumers utilize multiple nicotine products like heated tobacco, vapes, and pouches, is a key trend. Value is increasingly important, with consumers seeking affordable options. Nicotine pouches are experiencing substantial growth, particularly following the disposable vape ban. Flavors remain crucial for vapers transitioning from traditional tobacco. Smoke-free products, like IQOS, are gaining traction, with revenues surpassing traditional brands. The disposable vape ban has shifted the market towards reusable devices and refills, impacting category value. Retailers must prepare for upcoming regulatory changes, including licensing schemes and vape duties, by prioritizing compliance, responsible retailing, and avoiding illicit products.
(Source：conveniencestore.co.uk)
