Tobacco Product Wholesaling in the UK - Industry Market Research Report

Tobacco Product Wholesaling in the UK - Industry Market Research Report

Tobacco Product Wholesaling in the UK

Increased awareness of the health risks associated with smoking, like cardiovascular disease and cancer, has led to falling levels of tobacco consumption among the UK population. In line with this, increasing levels of health consciousness have intensified external competition from alternative products, mainly e-cigarettes and vapes. Increasingly stringent legislation, including laws prohibiting the promotion and display of tobacco products and packaging requirements, alongside the imposition of rising taxes and duties on tobacco sales have contributed to the decline in smoking rates. Over the five years through 2022-23, industry revenue is expected to contract at a compound annual rate of 8.8% to £6.9 billion, including a 7.8% drop in 2022-23.

Companies in this industry distribute tobacco products. They include specialist tobacco wholesalers, tobacco manufacturers that distribute their own products directly to retailers and wholesalers that distribute a range of products and tobacco. Tobacco products include cigarettes, loose tobacco and cigars. The industry does not include the sale of e-cigarettes or related equipment.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.