Industry Analysis & Industry Trends
The Tobacco Product Manufacturing industry is under fire. Since the 1960s, smoking rates in the United Kingdom have fallen from over 50% to 20% in 2011 as people have become aware of the link between smoking and diseases such as cancer. Although the price of tobacco products is relatively static, there have been some rises, which have also contributed towards the decline in smoking rates. The price rises have led to a shift away from premium brands towards economy brands. For instance, demand for roll-your-own cigarettes has increased at the expense of filter cigarettes.
Government measures designed to reduce smoking rates have added to the negative press surrounding health-related smoking risks and contributed to declining smoking rates... purchase to read more
Industry Report - Industry Key Buyers Chapter
The market share concentration in the industry is very high. Based on ONS data and IBISWorld estimates, there are 10 companies operating in the industry in 2013-14. The top two companies in the industry, Imperial Tobacco and Gallaher Limited, are estimated to account for 90.6% of industry revenue in 2013-14. For the top four players in the industry, this figure rises to an estimated 94%. The number of companies in the industry has declined over the past decade from 27 in 2000-01, which indicates that the market share concentration has increased over this period... purchase to read more