6 companies dominate the tobacco industry. According to tobaccoatlas.org: “China grows more tobacco, manufactures more cigarettes, and also consumes more tobacco than any other country in the world.
China National Tobacco Corporation (CNTC) posted revenues of US$95.2 billion and profits of US$19 billion in 2011.”
Here are some more interesting facts from the Tobacco Atlas report:
“$44.1 B- The 2013 profits of the top six tobacco companies are equivalent to the combined profits of The Coca-Cola Company, Walt Disney, General Mills, FedEx, AT&T, Google, McDonald’s and Starbucks in the same year.”
“$315.16 B– The combined gross revenue of the world’s leading tobacco companies is more than the 2012 GDP of Denmark ($315.16 billion), the 34th highest GDP in the world.”
Here are the 6 Richest Tobacco Companies in the World:
Tobacco company gross revenue is in USD for 2012
Despite efforts to reduce smoking around the world, the demand continues to rise. The e-cigarette and vapor market is growing fast too. In 2014, it was estimated to be worth $2.5 according to tobaccoatlas.org.
It’s no wonder that conventional cigarette manufacturers want a piece of this pie to ensure they don’t lose out. Tobacco Atlas also stated: “Most of the major tobacco companies have expanded their product lines to include non-combustible nicotine products.”
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