Tobacco Market Trends: Dual-Use Behavior and the Rise of Poly-Nicotine Consumers
Tobacco remains one of the largest and most resilient consumer categories in the world, generating close to a trillion dollars in annual revenue despite decades of public-health pressure. What makes the current phase of this market interesting isn't decline — it's transformation. Combustible cigarettes are shrinking as a share of consumer behavior even as the industry's total revenue...
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