The domestic market supervision of Synthetic Nicotine is gradually on the right track, and the industry is optimistic about gradually entering a benign development stage. On March 22, China Tobacco issued a draft for comments, which plans to manage new types of tobacco such as e-cigarettes with reference to the tobacco monopoly law; On June 18, the state tobacco monopoly administration and the State Administration of market supervision jointly issued the special action plan for “protecting growth” to protect minors from tobacco abuse.

At the same time, it is expected to speed up the sorting of offline e-cigarette sales channels and lay a foundation for the introduction of follow-up e-cigarette supervision rules. In the future, with the gradual introduction of detailed rules, it is expected that the control of domestic e-cigarettes will continue to be tightened, but the impact will be more targeted at domestic radical brand stores, and the industry will tend to develop healthily; It has limited impact on the e-cigarette generation factories that mainly focus on the overseas market and have strong production and R & D strength.

With the normative improvement of e-cigarette market, e-cigarette head enterprises may benefit. At present, the core of e-cigarette regulation is the supply side reform of small and medium-sized backward production capacity. With the implementation of standards and regulations, unqualified small and medium-sized enterprises are expected to accelerate their exit.

Considering the strong toughness of product demand, the head brand with standardized operation and quality assurance may continue the rapid growth trend and continuously improve the market share; There is also polarization in the OEM. The head OEM represented by SIMORE benefits from the development of core customers and the market share continues to increase.

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Synthetic NicotineSynthetic Nicotine is used for Quitting Smoking
The domestic market supervision of Synthetic Nicotine is gradually on the right track, and the industry is optimistic about gradually entering a benign development stage. On March 22, China Tobacco issued a draft for comments, which plans to manage new types of tobacco such as e-cigarettes with reference to...