Tobacco Market Share By Web Sales
When calculating the web sales, around half of the companies (47.54%) were found to bring in more than a million USD. Around a quarter (25.41%) witnessed web sales of $1M-$5M. 4.30% earned in the $5M-$10M range.
Tobacco Market Share By Region
Region wise, the United States clinched the top spot with 66.47% of the market share. Following far behind is the United Kingdom which makes up for the 15.78% of the tobacco companies accounted for. Canada, Japan and Columbia filled in the rest of the spots in the top five with 9.31%, 1.67% and 1.18% respectively.
When it comes to the tobacco industry, North America rules supreme with 92.38% of the total companies accounted for.
Tobacco Market Share by Traffic
Only 0.80% of the companies under our lens brought in more than 500,000 visitors per month. 29.79% of tobacco stores witnessed less than a thousand visitors on a monthly basis. A majority of them – 57.31% saw somewhere around 10,000 and 25,000 visitors.
Time's up for Tobacco?
With the prevalent health effects of tobacco more visible on cigarette cartons thanks to regulations combined with the increasing legalization of marijuana around the world, the future is uncertain for the tobacco industry. Although still growing (albeit at a slower pace) the tobacco industry needs to re-invent itself among a more health-conscious younger generation.