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[1] While raising excise taxes is the gold standard for raising the price of tobacco products, tobacco companies often undercut the impact of those increases by offering discounts (e.g

Together, these technologies reduce production friction and support wider adoption in both regulated and export-oriented settings

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For adult smokers who would otherwise continue to smoke or use other nicotine products, IQOS has a range of smoke-free products that are a better alternative than continuing to smoke

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The market is assessed to grow at a CAGR of around 12.22%, during the forecast period of 2026-2032 to attain a value of around USD 18.21 billion in 2032