Europe Cigarette Market Global Industry Size, Segments, Share and Growth Factor Analysis Research Report 2026

Europe

Dec 12, 2019 (The Expresswire) — Europe Cigarette Market Fortune Business Insights report covers a detailed study of the Europe Cigarette Market size, growth, and share, trends, consumption, segments, application and Forecast 2026

As per the World Health Organization (WHO), Europe witnesses the highest prevalence of tobacco use, which is 29% of the worldwide tobacco consumption. The demand for cigarettes is increasing in different age groups, which is the major factor driving the Europe cigarette market. The cigarette consumption trend is rising among adult and young population, even after the implementation of government initiatives to combat tobacco consumption.

Browse Report Summary:

https://www.fortunebusinessinsights.com/industry-reports/europe-cigarette-market-101375

Some of the Main Key Players Covered in the Report

  • Philip Morris Products S.A.
  • Japan Tobacco International AG
  • British American Tobacco p.l.c.
  • Imperial Brands PLC
  • Bulgartabac Holding
  • Korea Tobacco and Ginseng Corporation
  • Heintz Van Landewyck
  • Karelia Tobacco Company Inc.
  • European Tobacco
  • Continental Tobacco Group

A survey conducted by the National Bureau of Economic Research stated that tobacco consumption is related to income levels. The study found that people with either lowest or highest income levels smoke less compared to the middle-class population in European countries. However, the well-known campaign “Cigarette smoking is bad for health” has worked wonders and cigarette consumption has declined in the region. On the market values of cigarettes is increasing owing to the rising consumer trend towards consuming premium cigarettes.

This, coupled with the rise in cigarette prices and change in taxes on cigarettes, is siding the Europe cigarette market growth. Analysts in the report found that the market was valued at US$ 218.61 Bn in 2018 and is anticipated to reach US$ 363.30 Bn by 2026. Furthermore, it was found that the market for cigarettes in Europe is expected to rise at a CAGR of 5.76% during the forecast period.

Request a Sample Copy of the Market Research Report:

https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/europe-cigarette-market-101375

Fortune Business Insights in a new study, titled “CIGARETTE: EUROPE MARKET ANALYSIS, INSIGHTS AND FORECAST, 2019-2026” entails some of the Europe cigarette market trends and provides an in-depth analysis in the forecast period. The report offers a detailed evaluation of the drivers enabling growth in the market.

The report gives a detailed analysis of the market size of different segments. In addition to the segment information, the reader can gain information on drivers, opportunities, restraints, and trends in the Europe cigarette market. The report gives information on the competitive landscape by offering insights into some of the recent industry developments and over the forecast period. Primary and secondary sources have been used to collect and analyze the information.

Key Segments

By Gender

  • Male
  • Female

By Age Group

  • 15-24 years
  • 25-44 years
  • 45-64 years
  • 65 years and above

By Pricing

  • Premium
  • Economy
  • Mid/Ultra Low

By Size

  • King
  • Regular
  • Slim/Ultra Slim

By Geography

  • Europe (U.K., France, Germany, BENELUX, Italy, Russia, Poland, Romania, Czech Republic, and Rest of Europe)

As per the report, premium cigarettes account for 46.12% in the overall Europe cigarette market share. Increasing modernization and purchasing power of consumers are factors attributing to the growth of this segment. As per, the regular size cigarettes are in high demand in Europe than economy or ultra-low cigarettes.

Philip Morris International Completes the 100% Acquisition of Costa Rican Affiliates

As per the report, Europe cigarette market highlights some of the major market shareholders significantly driving the market. These companies are mentioned below:

Manufactures continue to focus on new product launches and acquisitions to increase their customer base and broaden product portfolio. These manufacturers produce new cigarettes as per age group and gender preferences. Some of the recent development made by companies are mentioned below:

March 2018: Philip Morris International announced the acquisition of the remaining 49% interest in Mendiol S.A. and Tabacalera Costarricense. With this acquisition of US$ 95 million, the company now owns 100% of these Costa Rican affiliates.

October 2018: Philip Morris International launched two heated tobacco products called IQOS 3 and IQOS 3 Multi. These products were officially launched in Switzerland, Russia, UK, and Columbia in November 2018. These products just heat the tobacco instead of burning it and are one of the best alternatives for cigarette smoking.

Have Any Query? Ask Our Experts:

https://www.fortunebusinessinsights.com/enquiry/speak-to-analyst/europe-cigarette-market-101375

About us:

Fortune Business Insights™ offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. We tailor innovative solutions for our clients, assisting them address challenges distinct to their businesses. Our goal is to empower our clients with holistic market intelligence, giving a granular overview of the market they are operating in.

Our reports contain a unique mix of tangible insights and qualitative analysis to help companies achieve sustainable growth. Our team of experienced analysts and consultants use industry-leading research tools and techniques to compile comprehensive market studies, interspersed with relevant data.

At Fortune Business Insights™ we aim at highlighting the most lucrative growth opportunities for our clients. We therefore offer recommendations, making it easier for them to navigate through technological and market-related changes. Our consulting services are designed to help organizations identify hidden opportunities and understand prevailing competitive challenges.

Contact Us:

Fortune Business Insights™ Pvt. Ltd.

308, Supreme Headquarters,

Survey No. 36, Baner,

Pune-Bangalore Highway,

Pune – 411045, Maharashtra, India.

Phone:

US :+1 424 253 0390

UK : +44 2071 939123

APAC : +91 744 740 1245

Email: sales@fortunebusinessinsights.com

Press Release Distributed by The Express Wire

To view the original version on The Express Wire visit Europe Cigarette Market Global Industry Size, Segments, Share and Growth Factor Analysis Research Report 2026

COMTEX_359230821/2598/2019-12-12T01:37:06

div > iframe { width: 100% !important; min-width: 300px; max-width: 800px; } ]]>

Leave a Reply