As investors, we know that the only thing constant is change. Markets evolve and adapt, both “with the times” and with consumer preferences. All industries are subject to innovation—even one as old as tobacco.
The tobacco industry has been changing at a rapid clip. In 2000, about 1 in 3 adults used tobacco worldwide. That number dropped to 1 in 5 by 2022. But whether we’re talking about smoke-free alternatives or traditional combustibles, the same companies are dominating the market.
This post appeared first on ETF Trends.