Top tobacco trends and vaping value: feature
With consumers currently looking for ways to reduce spending, value products hold the key to successful tobacco sales for retailers.
The tobacco category provides a significant amount of value for retailers and is currently worth £14bn each year, before tax.
While value tobacco products are no longer necessarily a new trend, it’s likely this demand will continue for some time, particularly with the cost-of-living crisis.
It is therefore essential that retailers ensure they are equipped to cater for this demand, especially as customers buying tobacco can generate much wider sales in store.
The vape market is continually expanding as more consumers seek out alternative nicotine solutions. In the UK alone, the category is now worth around £1.2bn and is expected to reach £1.4bn in the next three years.
With the vape category continually evolving, retailers need to ensure they are staying on top of the current trends in next generation nicotine products.
TO DISCOVER THE LATEST TRENDS AND TOP TIPS ON WHAT TO LOOK OUT FOR IN THE TOBACCO AND VAPING MARKETS, SEE THE FULL FEATURE IN THE LATEST ISSUE OF NEIGHBOURHOOD RETAILER – COMING SOON!