$570.7bn
$XX.Xbn
441k
150
$XX.Xbn
Producers in the Global Cigarette and Tobacco Manufacturing industry have contended with declining tobacco consumption in many developed countries worldwide. This has been the main threat to the industry's performance as awareness of the effects of tobacco consumption has intensified. Despite lower global volume sales in developed countries, tobacco manufacturers have maintained revenue growth by successfully raising prices on tobacco products. Rising consumption in certain emerging markets has helped drive revenue and maintain increased profit. As a result, industry revenue is anticipated to grow at a CAGR of 0.5% over the past five years to reach $570.7 billion in 2024, despite an anticipated 0.1% drop in 2024 as tobacco prices experience only marginal growth.
Industry revenue has grown at a CAGR of 0.5 % over the past five years, to reach an estimated $570.7bn in 2024.
Market size is projected to decline over the next five years.
Company | Market Share (%)
2024 | Revenue ($m)
2024 | Profit ($m)
2024 | Profit Margin (%)
2024 |
---|---|---|---|---|
China National Tobacco Corporation | 240,859.4 | 33,238.6 | 13.8 | |
Philip Morris International Inc. | 90,393.9 | 13,338.0 | 14.8 | |
British American Tobacco PLC | 83,040.5 | 13,391.7 | 16.1 |
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Industry revenue is measured across several distinct product and services lines, including Cigars, Smokeless tobacco products and Other smoking products. Cigars is the largest segment of the Global Cigarette & Tobacco Manufacturing.
Cigarettes constitute the single-largest class of tobacco products
Operators in the Global Cigarette and Tobacco Manufacturing industry are responsible for manufacturing a wide range of tobacco products like cigarettes, cigars, smoking and chewing tobacco and unique products such as snuff, electronic cigarettes, vaporizers and bidis.
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Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
Producers have endured many challenges over the past five years. Greater public awareness of the adverse health effects of smoking tobacco, stricter regulation and increasing...
Learn about an industry's products and services, markets and trends in international trade.
The major markets of the industry have been categorized by tobacco consumption. Tobacco consumption can be significantly different from revenue and only covers consumption tr...
Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.
Manufacturers will locate near tobacco farmers, the industry’s largest input. The world's largest tobacco-producing countries include China, India, Brazil and Indonesia, resp...
Get data and insights on what's driving competition in an industry and the challenges industry operators and new entrants may face, with analysis built around Porter's Five Forces framework.
Consumers display strong brand loyalty, making it difficult to sway existing companies from a particular brand. Manufacturers can easily raise the price of tobacco products w...
Learn about the performance of the top companies in the industry.
The top four manufacturers in the Global Cigarette and Tobacco Manufacturing industry account for most of the global market. Due to mergers and acquisitions, the number of co...
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
The industry is one of the world's most heavily regulated and scrutinized industries. Producers of cigarettes and other tobacco products are tightly regulated in most countri...
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
Larger manufacturers benefit from lower per-unit production costs because of economies of scale and scope. It is essential to highlight that the cost structure benchmarks rep...
Including values and annual change:
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The market size of the Global Cigarette & Tobacco Manufacturing industry in Global is $570.7bn in 2024.
There are 150 businesses in the Global Cigarette & Tobacco Manufacturing industry in Global, which has declined at a CAGR of 14.2 % between 2019 and 2024.
The market size of the Global Cigarette & Tobacco Manufacturing industry in Global has been growing at a CAGR of 0.5 % between 2019 and 2024.
Over the next five years, the Global Cigarette & Tobacco Manufacturing industry in Global is expected to decline.
The biggest companies operating in the Global Cigarette & Tobacco Manufacturing market in Global are China National Tobacco Corporation, Philip Morris International Inc. and British American Tobacco PLC
Cigarette manufacturing and Cigar manufacturing are part of the Global Cigarette & Tobacco Manufacturing industry.
The company holding the most market share in Global is China National Tobacco Corporation.
The level of competition is high and steady in the Global Cigarette & Tobacco Manufacturing industry in Global.