The tobacco industry is worth approximately a half a trillion dollars with the top US tobacco companies posting profits of $35billion according to The Tobacco Atlas.
China is the largest producer and consumer of tobacco. However, the Chinese government has recently cracked down on smoking in public places in an effort to curb the practice which is placing a huge burden on the Chinese health system.
Despite international government restrictions on smoking tobacco consumption has continued to rise due to increased consumption in developing countries.
One of the main threats to the industry is the development of the e-cigarette which has seen sales jump to almost US$1billion in five years. This new and healthier means of consuming nicotine plus an increased crackdown by governments globally pose the biggest threats to the industry.
Research and Experts provide information on the latest trends and statistics on the tobacco industry.
The Tobacco Atlas
Economist article on the Tobacco Industry
World Health Organisation report on the Tobacco epidemic