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News analysis

KT&G’s next-generation products enjoy over 70% sales growth worldwide

Written by || 21st August 2023 || News analysis | Financial results | Heated tobacco | Major brands | GeographiesAsia South Korea

KT&G anticipate that alternative nicotine products will continue to make up greater proportions of its sales, with global next-generation product (NGP) stick volume growing year-on-year, the company revealed during a presentation of its second-quarter results.   

The company saw intensified penetration of the category, which led to higher demand domestically. It maintained its market leadership in Korea, despite stronger competition and new products from rivals. 

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Freddie Dawson

Senior news editor
Freddie studied at King’s College, London and City University and worked for publications including The Times, The Malay Mail, PathfinderBuzz and Solar Summary before joining the ECigIntelligence team. He has extensive experience in covering fast-moving consumer goods (FMCG), manufacturing and technological innovation.

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