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Tobacco market value in the U.S. 2015-2020

Market value of tobacco in the United States from 2015 to 2020 (in million U.S. dollars)

by Ian Tiseo, last edited Aug 19, 2019
Tobacco market value in the U.S. 2015-2020 The market value of the tobacco industry in the United States has steadily increased in recent years. In 2015, the industry was valued at approximately 116 billion U.S. dollars. By 2019, this had increased by slightly more than 12 percent, with further growth projected for 2020.
Tobacco production

Commercial tobacco production has a long history in the United States, dating back as far as the 17th century. However, since the turn of the 21st century, production in the country has seen an overall decline. By 2018, levels had dropped to 533 million pounds. This was the lowest amount since 2015. The leading tobacco producing state is North Carolina, though much like the rest of the country, production has decreased in this region in recent years.

Despite this decline, the United States remains one of the leading tobacco producers in world. Only India, Brazil and China produced more in 2017.

Smoker numbers declining

Much like production, the number of adult smokers has also been in decline. In 1965, there were 50 million smokers in the country. This was a period when smoking was widely accepted, and its health impacts were not well known to the public. However, with newer evidence showing the link between smoking and heart disease, cancer and other illnesses, the number of users dropped by almost 30 percent by 2015.
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Market value of tobacco in the United States from 2015 to 2020 (in million U.S. dollars)

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