European cigarette market to reach $ 363.30 billion by 2026
The companies covered in the European cigarette market are Philip Morris International, Japan Tobacco International AG, British American Tobacco plc and Imperial Brands PLC.
Pune, India, October 15, 2021 (GLOBE NEWSWIRE) – According to the World Health Organization (WHO), Europe has the highest prevalence of smoking, accounting for 29% of global tobacco consumption. The demand for cigarettes is increasing in different age groups, which is the main factor behind the European cigarette market. The trend of cigarette smoking is on the rise among the adult and young population, even after the implementation of government initiatives to combat tobacco use. A survey by the National Bureau of Economic Research stated that tobacco use is linked to income levels.
The study found that people with the lowest or highest income levels smoke less than the middle class population in European countries. However, the well-known “Cigarette is bad for you” campaign has worked wonders and cigarette consumption has declined in the region. The market value of cigarettes is increasing due to the increasing tendency of consumers to consume higher quality cigarettes. This, together with rising cigarette prices and changing cigarette taxes, is hurting the growth of the European cigarette market.
Analysts in the report found that the market was valued at US $ 218.61 billion in 2018 and is expected to reach US $ 363.30 billion by 2026. In addition, it was found that the cigarette market in Europe is expected to increase to a CAGR of 5.76. % during the forecast period.
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The report provides insight into the competitive landscape by offering an overview of some of the recent developments in the industry and over the forecast period. Primary and secondary sources were used to collect and analyze the information.
According to the report, premium cigarettes account for 46.12% of the overall cigarette market share in Europe. The increasing modernization and the purchasing power of consumers are factors that explain the growth of this segment. According to, regular-size cigarettes are more in demand in Europe than economy or ultra-low cigarettes.
Germany to hold 13.04% stake due to customer growth
Tobacco consumption is higher in Germany than in other European countries. The growth is driven by the growing trend for outdoor dining, increasing modernization, and the preference for night lounges. These factors are responsible for building up a strong customer base of cigarette consumers in Germany.
People aged 15 to 23 use cigarettes the most, as the younger population is more likely to start smoking. Now, manufacturers are planning to introduce nicotine-free cigarettes to appeal to women and the country’s youthful population. This will fuel the demand for new cigarettes, thereby expanding the reach of the European cigarette market.
Philip Morris International completes the 100% acquisition of its Costa Rican subsidiaries
According to the report, the cigarette market in Europe highlights some of the major market shareholders who are significantly driving the market. These companies are mentioned below:
Manufacturers continue to focus on new product launches and acquisitions to increase their customer base and expand their product portfolio. These manufacturers produce new cigarettes according to age group and gender preferences.
The main actors presented are: Philip Morris International, Japan Tobacco International AG, British American Tobacco plc and Imperial Brands PLC.
Some of the recent developments made by companies are mentioned below:
March 2018: Philip Morris International announced the acquisition of the remaining 49% stake in Mendiol SA and Tabacalera Costarricense. With this US $ 95 million acquisition, the company now owns 100% of these Costa Rican subsidiaries.
October 2018: Philip Morris International has launched two heated tobacco products called IQOS 3 and IQOS 3 Multi. These products were officially launched in Switzerland, Russia, UK and Colombia in November 2018. These products simply heat tobacco instead of burning it and are one of the best alternatives for smoking cigarettes.
Browse the detailed summary of the research report with the table of contents:
https://www.fortunebusinessinsights.com/industry-reports / europe-cigarette-market-101375
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