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Tobacco Product Manufacturing in the UK - Market Size, Industry Analysis, Trends and Forecasts (2024-2029)

UK-C12 July 2024 Factsheet

Revenue

£16.9bn

2019-2024 241.4 %
2024-2029 X.X %

Employees

146

2019-2024 10.4 %
2024-2029 X.X %

Businesses

11

2019-2024 4.1 %
2024-2029 X.X %

Wages

£X.Xm

2019-2024 XX.X %
2024-2029 X.X %

Tobacco Product Manufacturing in the UK market size outlook

Total value and annual change from from 2014-2029. Includes 5-year outlook.

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About Factsheets

Industry Statistics and Rankings

How does this industry perform in United Kingdom compared to Europe?

Country Benchmarking

Industry Data United Kingdom

Ranking are out of 37 European countries for which IBISWorld provides country-level factsheets.

Revenue
#2 In Europe
Business
#13 In Europe
Employees
#26 In Europe
Wages
#27 In Europe

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Europe’s tobacco product manufacturing industry is undergoing a significant transformation as traditional cigarette consumption declines. For decades, this industry was driven by a steady demand for cigarettes, but changing consumer habits and stringent government regulations are pushing tobacco companies to rethink their strategies. These companies are now diversifying their portfolios, venturing into the production of vaping devices, heated tobacco products and other alternative nicotine delivery systems. Such shifts indicate a proactive adaptation to the evolving market landscape and public health concerns over cigarette smoking. Overall, industry revenue is projected to climb at a compound annual rate of 2.6% over the five years through 2024, including a projected 3.9% drop in 2024 alone to reach €77.6 billion.

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Enterprises
Number of businesses in 2024

Biggest companies in the Tobacco Product Manufacturing in the UK

Company
Market Share (%)
2024
Revenue (£m)
2024
Profit (£m)
2024
Profit Margin (%)
2024

There are no companies that hold a large enough market share in the Tobacco Product Manufacturing in the UK industry for IBISWorld to include in this product.

Top Questions Answered in this Report

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What is the market size of the Tobacco Product Manufacturing in the UK industry in United Kingdom in 2024?

The market size of the Tobacco Product Manufacturing in the UK industry in United Kingdom is £16.9bn in 2024.

How many businesses are there in the Tobacco Product Manufacturing in the UK industry in 2024?

There are 11 businesses in the Tobacco Product Manufacturing in the UK industry in United Kingdom, which has grown at a CAGR of 4.1 % between 2019 and 2024.

Has the Tobacco Product Manufacturing in the UK industry in United Kingdom grown or declined over the past 5 years?

The market size of the Tobacco Product Manufacturing in the UK industry in United Kingdom has been growing at a CAGR of 241.4 % between 2019 and 2024.

What is the forecast growth of the Tobacco Product Manufacturing in the UK industry in United Kingdom over the next 5 years?

Over the next five years, the Tobacco Product Manufacturing in the UK industry in United Kingdom is expected to grow.

How competitive is the Tobacco Product Manufacturing in the UK industry in United Kingdom?

The level of competition is moderate and decreasing in the Tobacco Product Manufacturing in the UK industry in United Kingdom.

Related Industries

This industry is covered in 37 countries

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Table of Contents

About this industry

Industry definition

Companies in this industry manufacture tobacco products and products of tobacco substitutes, including cigarettes, fine-cut tobacco, cigars, pipe tobacco, chewing tobacco and snuff.

Related Terms

CigarilloE-CigarettesRolling Tobacco

What's included in this industry?

Companies

Industry Code

ISIC 2006

12 - Manufacture of tobacco products in United Kingdom

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Performance

Revenue Highlights

Trends
  • Revenue
  • 2024 Revenue CAGR
  • Revenue Volatility

Employment Highlights

Trends
  • Employees
  • Employees per Business
  • Revenue per Employee

Business Highlights

Trends
  • Businesses
  • Employees per Business
  • Revenue per Business

Profit Highlights

Trends
  • Total Profit
  • Profit Margin
  • Profit per Business

Current Performance

Charts
  • Revenue
  • Employees
  • Business
  • Profit
Analysis

What's driving current industry performance in the Tobacco Product Manufacturing in the UK industry?


Outlook

Analysis

What's driving the Tobacco Product Manufacturing in the UK industry outlook?


Volatility

Analysis

What influences volatility in the Tobacco Product Manufacturing in the UK industry?

Charts
  • Industry Volatility vs. Revenue Growth Matrix

Life Cycle

Analysis

What determines the industry life cycle stage in the Tobacco Product Manufacturing in the UK industry?

Charts
  • Industry Life Cycle Matrix

Products and Markets

Highlights

Trends
  • Largest Market
  • Product Innovation

Key Takeaways

Cigarette demand in Europe is falling. This dip is largely because folks are waking up to the health risks, facing tougher laws, and finding other ways, like vaping, to satisfy their nicotine fix.

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Products and Services

Charts
  • Products and Services Segmentation
Analysis

How are the Tobacco Product Manufacturing in the UK industry's products and services performing?

Analysis

What are innovations in the Tobacco Product Manufacturing in the UK industry's products and services?


Major Markets

Charts
  • Major Market Segmentation
Analysis

What influences demand in the Tobacco Product Manufacturing in the UK industry?


International Trade

Highlights

  • Total Imports into United Kingdom
  • Total Exports into United Kingdom
Heat maps
  • Industry Concentration of Imports by Country
  • Industry Concentration of Exports by Country
Data Tables

Value and annual change (%) included

  • Number of Imports and Exports by European Country (2024)

Competitive Forces

Highlights

Trends
  • Concentration
  • Competition
  • Barriers to Entry
  • Substitutes
  • Buyer Power
  • Supplier Power

Key Takeaways

Big tobacco dominates the market. Thanks to deep pockets that fuel aggressive advertising, extensive distribution networks, and continuous innovation. Their stronghold allows them to set trends and preferences, securing a massive competitive edge.

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Supply Chain

Charts

Buyer and supply industries

Geographic Breakdown

Business Locations

Heat maps
  • Share of Total Industry Establishments by Region (2024)
Data Tables
  • Number of Establishments by Region (2024)
Charts
  • Share of Establishments vs. Population of Each Region
Analysis

What regions are businesses in the Tobacco Product Manufacturing in the UK located?

Companies

Data Tables

Top 0 companies by market share:

  • Market share (2024)
  • Revenue (2024)
  • Profit (2024)
  • Profit margin (2024)

External Environment

Highlights

Trends
  • Regulation & Policy
  • Assistance

Key Takeaways

EU strict on tobacco regulation for public health. The EU and other European governments have implemented rigorous regulatory measures focused on tobacco. These policies aim to curb tobacco use, prioritise public health and reduce the burden of tobacco-related diseases.

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External Drivers

Analysis

What demographic and macroeconomic factors impact the Tobacco Product Manufacturing in the UK industry?

Financial Benchmarks

Highlights

Trends
  • Profit Margin
  • Average Wage
  • Largest Cost

Key Takeaways

Tobacco production costs are climbing. Despite stable leaf prices, factors like climate change and stricter farming regulations, coupled with higher freight and paper costs, are making it more expensive for Europe's tobacco manufacturers to produce their products.

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Cost Structure

Charts
  • Share of Economy vs. Investment Matrix
  • Industry Cost Structure Benchmarks:
    • Marketing
    • Depreciation
    • Profit
    • Purchases
    • Wages
    • Rent
    • Utilities
    • Other
Analysis

What trends impact cost in the Tobacco Product Manufacturing in the UK industry?


Key Ratios

Data tables
  • IVA/Revenue (2014-2029)
  • Imports/Demand (2014-2029)
  • Exports/Revenue (2014-2029)
  • Revenue per Employee (2014-2029)
  • Wages/Revenue (2014-2029)
  • Employees per Establishment (2014-2029)
  • Average Wage (2014-2029)

Country Benchmarks

European Leaders & Laggards

Data Tables

Top and boottom five countries listed for each:

  • Revenue Growth (2024)
  • Business Growth (2024)
  • Job Growth (2024)

European Country Performance

Data Tables

Rankings available for 37 countries. Statistics ranked include:

  • IVA/Revenue (2024)
  • Imports/Demand (2024)
  • Exports/Revenue (2024)
  • Revenue per Employee (2024)
  • Wages/Revenue (2024)
  • Employees per Establishment (2024)
  • Average Wage (2024)

Structural Comparison

Data Tables

Trends in 37 countries benchmarked against trends in Europe

  • Concentration
  • Competition
  • Barriers to Entry
  • Buyer Power
  • Supplier Power
  • Volatility
  • Capital Intensity
  • Innovation
  • Life Cycle

Key Statistics

Industry Data

Data Tables

Including values and annual change:

  • Revenue (2014-2029)
  • IVA (2014-2029)
  • Establishments (2014-2029)
  • Enterprises (2014-2029)
  • Employment (2014-2029)
  • Exports (2014-2029)
  • Imports (2014-2029)
  • Wages (2014-2029)

Methodology

Where does IBISWorld source its data?

IBISWorld is a world-leading provider of business information, with reports on 5,000+ industries in Australia, New Zealand, North America, Europe and China. Our expert industry analysts start with official, verified and publicly available sources of data to build an accurate picture of each industry.

Each industry report incorporates data and research from government databases, industry-specific sources, industry contacts, and IBISWorld's proprietary database of statistics and analysis to provide balanced, independent and accurate insights. 

IBISWorld prides itself on being a trusted, independent source of data, with over 50 years of experience building and maintaining rich datasets and forecasting tools.

To learn more about specific data sources used by IBISWorld's analysts globally, including how industry data forecasts are produced, visit our Help Center.