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2024 U.S. Industry Statistics & Market Forecast - Tobacco Product and Electronic Cigarette Merchant Wholesalers
Market Size & Industry Statistics
The total U.S. industry market size for Tobacco Product and Electronic Cigarette Merchant Wholesalers:
Industry statistics cover all companies in the United States, both public and private, ranging in size from small businesses to market leaders.
In addition to revenue, the industry market analysis shows information on employees, companies, and average firm size.
Investors, banks, and business executives use growth rates and industry trends to understand the market outlook and opportunity.
| Statistics | 2019 2020 2021 2022 2023 | |
|---|---|---|
| Market Size (Total Sales/Revenue) |
Order at top of page | |
| Total Firms | ||
| Total Employees | ||
| Average Revenue Per Firm | ||
| Average Employees Per Firm | ||
| Average Revenue Per Employee | ||
Market Forecast
Market forecasts show the long term industry outlook and future growth trends. The following extended five-year forecast projects both short-term and long-term trends.
| Forecast / Industry Outlook | 2024 | 2025 | 2026 | 2027 | 2028 | |
|---|---|---|---|---|---|---|
| Market Forecast ($ millions) | ||||||
| Projected Industry Growth Rate (%) | ||||||
Industry Insights
The Tobacco & Tobacco Product Merchant Wholesalers industry is facing several trends and challenges, including changing consumer preferences and increasing regulation.One key trend is the growing awareness of the health hazards associated with smoking, which has led to a decline in cigarette consumption and an increase in demand for alternative tobacco products such as e-cigarettes and vaporizers. The industry is seeing a shift towards non-combustible products, such as snus, which are becoming popular among health-conscious consumers.
Another trend is the increasing regulation of the industry by government bodies, which is leading to stricter labeling requirements, advertising restrictions, and taxes on tobacco products. As a result, companies in this industry are focusing on diversifying their product offerings to include non-tobacco products and accessories.
The industry is also grappling with the challenge of increasing competition, particularly from discount tobacco retailers and online sales. As consumers continue to seek out lower-priced options, companies in the industry are developing cost-saving strategies to remain competitive, such as consolidating operations and outsourcing production.
Finally, the industry is facing environmental concerns related to the disposal of tobacco waste and packaging materials, which is leading to a focus on sustainable practices and eco-friendly packaging options.
In summary, the Tobacco & Tobacco Product Merchant Wholesalers industry is experiencing significant changes due to shifting consumer preferences, increasing regulation, competition, and environmental concerns. Companies in this industry must adapt to these trends to remain competitive and sustainable.
Product & Services Breakdown
Research products and services in the Tobacco Product and Electronic Cigarette Merchant Wholesalers industry generating sales. Note that products are broken into categories with different levels of classification.| Product Description | Number of Companies | Sales ($ millions) | Percent of Total Sales |
|---|---|---|---|
Industry Total |
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New And Rebuilt Automotive And Trailer Parts And Supplies |
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Restaurant And Hotel Equipment And Supplies |
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Paper And Plastic Products |
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Pharmaceuticals, Pharmaceutical Supplies, Cosmetics, And Toiletries, Including Body And Hand Soaps |
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Packaged Frozen Food |
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Dairy Products, Excluding Dried, Canned, Condensed, And Evaporated Dairy Products |
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Confectioneries, Including Candy, Nuts, Chips, And Popcorn |
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Candy, Including Chocolate |
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Chewing Gum |
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Nuts, Except Raw |
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Chips And Popcorn |
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Other Confectioneries |
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Fresh Meat And Meat Products |
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Coffee, Tea, And Powdered Drink Mixes |
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Coffee, Excluding Bottled And Canned |
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Bread, Baked Goods, And Baking Ingredients |
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Cookies And Cakes |
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Other Baked Goods, Including Crackers |
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Nonperishable (Canned And Packaged) Food |
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Nonperishable (Canned And Packaged) Fruits And Vegetables |
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Nonperishable (Canned And Packaged) Meat |
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Other Nonperishable (Canned And Packaged) Food, Including Nonperishable Poultry Products |
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Soft Drinks, Bottled Water, Juices, And Nonalcoholic Beverages |
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Packaged Soft Drinks |
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Pre-Mix And Post-Mix Bulk Soft Drinks |
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Bottled Water |
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Sport And Energy Drinks, Including Bottled And Canned Coffee And Tea |
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Nonfrozen Fruit And Vegetable Juices |
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Grocery Specialties |
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Breakfast Cereals And Bars |
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Other Grocery Specialties |
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Leaf Tobacco |
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Tobacco And Tobacco Products |
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Cigars |
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Cigarettes |
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Other Tobacco Products, Excluding Leaf Tobacco |
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Miscellaneous Nondurable Goods, Including Wigs, Yarns, And Leather Products |
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Smokers' Accessories |
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Miscellaneous Commodities |
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U.S. Geographic Distribution: Revenue Statistics by State
Market Size by State ($ millions) indicates how the industry's competition is distributed throughout the country. State-level information can identify areas with higher and lower industry market share than average.
Income Statement (Average Financial Metrics)
Financial metrics provide a snapshot view of a benchmark "average" company. Key business metrics show revenue and operating costs. The data collected covers both public and private companies.| Industry Average | Percent of Sales (Industry Benchmark) | |
|---|---|---|
| Total Revenue | Order at top of page |
|
| Operating Revenue | ||
| Cost of Goods Sold | ||
| Gross Profit | ||
Operating Expenses | ||
| Pension, profit sharing plans, stock, annuity | ||
| Repairs | ||
| Rent paid on business property | ||
| Charitable Contributions | ||
| Depletion | ||
| Domestic production activities deduction | ||
| Advertising | ||
| Compensation of officers | ||
| Salaries and wages | ||
| Employee benefit programs | ||
| Taxes and Licenses | ||
| Bad Debts | ||
| Depreciation | ||
| Amortization | ||
| Other Operating Expenses | ||
| Total Operating Expenses | ||
| Operating Income | ||
| Non-Operating Income | ||
| EBIT (Earnings Before Interest and Taxes) | ||
| Interest Expense | ||
| Earnings Before Taxes | ||
| Income Tax | ||
| Net Profit Net Income | ||
Financial Ratio Analysis
Financial ratio information can be used to benchmark how a Tobacco Product and Electronic Cigarette Merchant Wholesalers company compares to its peers. Accounting statistics are calculated from the industry-average for income statements and balance sheets.| Profitability & Valuation Ratios | Industry Average |
|---|---|
| Company valuation can be measured based on the firm's own performance, as well as in comparison against its industry competitors. These metrics show how the average company in the Tobacco Product and Electronic Cigarette Merchant Wholesalers industry is performing. | |
| Profit Margin Gross Profit Margin, Operating Profit Margin, and Net Profit Margin. Show company earnings relative to revenues. |
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| Return on Equity (ROE) Return on Equity (ROE) is net income as a percentage of shareholders' equity. Shareholders' Equity is defined as the company's total assets minus total liabilities. ROE shows how much profits a company generates with the money shareholders invested (or with retained earnings). |
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| Return on Assets (ROA) Return on Assets (ROA) is net income relative to total assets. The market research on Tobacco Product and Electronic Cigarette Merchant Wholesalers measures how efficiently the company leverages its assets to generate profit. ROA is calculated as Net Income divided by Total Assets. |
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| Liquidity Ratios | Industry Average |
|---|---|
| Bankers and suppliers use liquidity to determine creditworthiness and identify potential threats to a company's financial viability. | |
| Current Ratio Measures a firm's ability to pay its debts over the next 12 months. |
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| Quick Ratio (Acid Test) Calculates liquid assets relative to liabilities, excluding inventories. |
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| Efficiency Ratios - Key Performance Indicators | Industry Average |
|---|---|
| Measure how quickly products and services sell, and effectively collections policies are implemented. | |
| Receivables Turnover Ratio If this number is low in your business when compared to the industry average in the research report, it may mean your payment terms are too lenient or that you are not doing a good enough job on collections. |
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| Average Collection Period Based on the Receivables Turnover, this estimates the collection period in days. Calculated as 365 divided by the Receivables Turnover |
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| Inventory Turnover A low turnover rate may point to overstocking, obsolescence, or deficiencies in the product line or marketing effort. |
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| Fixed-Asset Turnover Generally, higher is better, since it indicates the business has less money tied up in fixed assets for each dollar of sales revenue. |
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Compensation & Salary Surveys for Employees
Compensation statistics provides an accurate assessment of industry-specific jobs and national salary averages. This information can be used to identify which positions are most common, and high, low, and average annual wages.| Title | Percent of Workforce | Bottom Quartile | Average (Median) Salary | Upper Quartile |
|---|---|---|---|---|
| Management Occupations | 9% | Order at top of page |
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| Chief Executives | 0% | |||
| General and Operations Managers | 4% | |||
| Business and Financial Operations Occupations | 6% | |||
| Sales and Related Occupations | 18% | |||
| Sales Representatives, Wholesale and Manufacturing | 14% | |||
| Sales Representatives, Wholesale and Manufacturing | 14% | |||
| Sales Representatives, Wholesale and Manufacturing, Except Technical and Scientific Products | 12% | |||
| Office and Administrative Support Occupations | 14% | |||
| Production Occupations | 5% | |||
| Transportation and Material Moving Occupations | 36% | |||
| Motor Vehicle Operators | 15% | |||
| Driver/Sales Workers and Truck Drivers | 15% | |||
| Heavy and Tractor-Trailer Truck Drivers | 8% | |||
| Material Moving Workers | 19% | |||
| Laborers and Material Movers | 17% | |||
| Laborers and Freight, Stock, and Material Movers, Hand | 8% | |||
| Stockers and Order Fillers | 7% | |||
Tobacco Product and Electronic Cigarette Merchant Wholesalers Competitor Landscape & Key Companies [PREMIUM]
The most influential companies in the Tobacco Product and Electronic Cigarette Merchant Wholesalers industry and adjacent industries either have large market share or are developing new business models and methods that could disrupt the status quo. We look at leading and emerging companies in the Tobacco Product and Electronic Cigarette Merchant Wholesalers industry and adjacent sectors:| Market Leaders: Direct Competitors Companies with the largest market share, focused in this industry |
Market leaders: Diversified Competitors Largest companies that have diversified operations in this and other industries |
| Innovators: Direct Competitors Innovative, Emerging, and Disruptive Companies that may influence the future direction of the industry. |
Innovators: Diversified Competitors Innovators and Disruptors in adjacent industries that may also affect the Tobacco Product and Electronic Cigarette Merchant Wholesalers industry. |
Source:
Innovation News
- Jan 24, 2024: Universal Leaf Tobacco trademarks "" - Fruit-based and vegetable-based extracts, flavors, colors, concentrates, purees and juices used as ingredients of foods; dehydrated fruits and vegetables used as ingredients in foods and pet foods; oils and fats for food
- Jan 12, 2024: Gts Enterprises trademarks "WELLSTONE" - Cigarettes
- Oct 13, 2023: New Global Marketing trademarks "BEST CIGAR PRICES" - Catalog ordering service featuring ashtrays, books, boxes, candles, cases, cigar cutters, cigar gift packs, cigar sampler packs, cigar stands, cigarillos, cigars, clothing, coffee, golf accessories, hats, humidifiers, humidors, hygrometers, lighters, pens, purifiers, shirts, storage bags; Electronic catalog services featuring ashtrays, books, boxes, candles, cases, cigar cutters, cigar gift packs, cigar sampler packs, cigar stands, cigarillos, cigars, clothing, coffee, golf accessories, hats, humidifiers, humidors, hygrometers, lighters, pens, purifiers, shirts, storage bags; Mail order services featuring ashtrays, books, boxes, candles, cases, cigar cutters, cigar gift packs, cigar sampler packs, cigar stands, cigarillos, cigars, clothing, coffee, golf accessories, hats, humidifiers, humidors, hygrometers, lighters, pens, purifiers, shirts, storage bags; On-line retail store services featuring ashtrays, books, boxes, candles, cases, cigar cutters, cigar gift packs, cigar sampler packs, cigar stands, cigarillos, cigars, clothing, coffee, golf accessories, hats, humidifiers, humidors, hygrometers, lighters, pens, purifiers, shirts, storage bags; Mail order catalog services featuring ashtrays, books, boxes, candles, cases, cigar cutters, cigar gift packs, cigar sampler packs, cigar stands, cigarillos, cigars, clothing, coffee, golf accessories, hats, humidifiers, humidors, hygrometers, lighters, pens, purifiers, shirts, storage bags
- Apr 01, 2021: Republic Tobacco patents Dispensing Box Holder
- Feb 04, 2021: Healthier Choices Management C patents Vaporizer Filter
- Jul 16, 2020: Healthier Choices Management C patents Electronic Cigarette
- Jul 07, 2015: Healthier Choices Management C raises $2 million in funding.
- Mar 13, 2015: Healthier Choices Management C raises $4 million in funding.
- Nov 26, 2014: Healthier Choices Management C raises $1 million in funding.
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