Tobacco Industry Fueled by Developing Markets and Next-Gen Products, Top Companies Pivot Towards Smoke-Free Alternatives
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The global tobacco market is expected to reach $1.049 trillion by 2030, fueled by demand from developing countries and next-generation products.
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Tobacco companies spend billions on marketing and advertising to urge youth experimentation, reduce motivation to quit, and encourage restarting.
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Smokeless and oral tobacco products like nicotine pouches are gaining popularity as potentially safer alternatives.
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The top 5 tobacco companies by market cap are Altria Group, British American Tobacco, Imperial Brands, Japan Tobacco, and Philip Morris International.
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These major players are expanding into smoke-free products like e-cigarettes and heated tobacco as global smoking rates decline.