Young Smokers Critical to Brand SuccessOctober 4, 2000
Research Summary
A demographic study found that purchases by young smokers are behind the success of certain cigarette brands, the Wall Street Journal reported Oct. 3.According to the study commissioned by securities firm Sanford C. Bernstein & Co., cigarette brands that are popular with the 18-to-24 age group are the ones that have the most success. The study noted that cigarette brands such as Marlboro, Newport and Camel have a brighter future than competing brands because they are smoked more by young adults. According to the study, 78 percent of smokers aged 18 to 24 smoke Marlboro, 28 percent smoke Camel, and 20 percent smoke Newport. Furthermore, many young smokers use more than one of the three brands.
"Young adult smokers are critical. The brands that do well in this age group are the ones that succeed," said William P. Pecoriello, a Bernstein tobacco analyst. "As a rule, younger adults are more susceptible to peer pressure and, to a lesser extent, marketing."
The study further found that young adults carry their brand preferences with them as they age. In addition, young smokers are more image-conscious and willing to pay more for cigarettes than older smokers.
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