The latest report by IMARC Group, titled “Europe Cigarette Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028“. 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.
A cigarette is a cylindrical roll of finely shredded tobacco leaves typically wrapped in a thin paper. It is commonly used for smoking, with the tobacco being ignited at one end and the smoker inhaling the resulting smoke through the other end. It is produced by tobacco companies and is widely available in a broad range of sizes and flavors. Cigarette smoking has been linked to various serious health risks, including lung cancer, heart disease, respiratory disorders, and other health conditions. The inhalation of the smoke exposes the smoker to numerous harmful chemicals, such as nicotine, tar, and carbon monoxide. At present, cigarettes are gaining immense traction across Europe due to evolving social factors and targeted marketing strategies.
For an in-depth analysis, you can refer sample copy of the report: https://www.imarcgroup.com/europe-cigarette-market/requestsample
Europe Cigarette Market Trends and Drivers:
The Europe cigarette market is primarily driven by the increasing proliferation of luxury cigarette brands, distinguished by their premium quality, sophisticated packaging, and enhanced smoking experience. Moreover, inflating consumer disposable incomes in the Europe region has augmented the product demand. Apart from this, the rising number of individuals turning to smoking to alleviate stress and anxiety owing to the presence of nicotine in cigarettes, known for its immediate relaxation effects, is propelling the market growth. Additionally, the growing prevalence of busy, fast-paced lifestyles and extended work hours has accelerated the product adoption rate. Furthermore, the easy accessibility of cigarettes through online retail platforms and several attractive price incentives are contributing to market growth.
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.
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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