IMARC Group, a leading market research company, has released a report titled “Europe Cigarette Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028“. According to the report, The Europe cigarette market size reached US$ 172.7 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 185.5 Billion by 2028, exhibiting a growth rate (CAGR) of 1.1% during 2023-2028.
Cigarettes are one of the commonly used smoking products by youngsters and adults in Europe. They are prepared using chemical additives and cured leaves of herbaceous plants belonging to the Nicotiana genus. They are rich in nicotine, an addictive central nervous system (CNS) stimulant that induces an instant feeling of relaxation. Presently, manufacturers operating in the region are offering cigarettes in different colors, shapes, sizes, intensities, and flavors across the region.
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Europe Cigarette Market Trends and Drivers:
The increasing number of luxury cigarette brands offering superior quality products, which provide a refined smoking experience, in high-end packaging is acting as a key factor bolstering the market growth in Europe. Furthermore, a stressful and hectic schedule at the workplace is resulting in rising cigarette smoking among young people to relieve anxiety and stress. Moreover, the easy availability of cigarettes at attractive price discounts through online retail channels is anticipated to increase their overall sales in the region.
Report Segmentation:
The report has segmented the market into the following categories:
Breakup by Type:
- Light
- Medium
- Others
Breakup by Distribution Channel:
- Tobacco Shops
- Supermarkets and Hypermarkets
- Convenience Stores
- Online Stores
- Others
Breakup by Country:
- Germany
- France
- United Kingdom
- Italy
- Spain
- Others
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players.
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