Cigarette & Tobacco Products Wholesaling in the US - Industry Market Research Report

Smoke free: Demand for e-cigarettes, particularly from younger consumers, is expected to persist

Revenue for the Cigarette and Tobacco Products Wholesaling industry has shrunk over the past five years as wholesalers have contended with expanding regulatory and economic challenges and shifts in consumer preferences. The rapidly growing popularity of e-cigarettes has prompted wholesalers to expand their product portfolios, partially offsetting cigarette and tobacco product declines. Despite plummeting smoking rates, e-cigarette usage kept sales steady amid the pandemic. Over the past five years, revenue for the Cigarette and Tobacco Products Wholesaling industry has declined at a CAGR of 1.0% to reach an estimated $149.2 billion in 2023. Inflationary pressures will prompt an estimated 1.6% in revenue in 2023 alone. Companies in this industry acquire packaged cigarettes and other tobacco products from manufacturers and sell the goods to retailers such as convenience stores, supermarkets, specialized tobacco stores, street vendors or internet tobacco retailers. In addition, they may also sell to other wholesalers. The sales and distribution offices of tobacco product manufacturers are included in this industry. 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.