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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Rapid Growth in the Online Segment to Bolster the Market Growth of Cigarettes in Europe
Based on the distribution channel, the online segment is expected to register significant growth in the cigarette market. Especially after the COVID-19 pandemic, various e-commerce stores are providing a huge opportunity for manufacturers to sell their products by incorporating social distancing and least physical interaction between people.
Factors like easy returns, several discounts, a wide range of products, convenient purchases, and customer reviews are expected to attract more consumers to eCommerce distribution channels. The advantages of online purchasing are likely to boost the online segment growth in the Europe cigarette market over the coming years.
The growing young population and increasing production of tobacco along with growing market strategies of market players and their increasing focus on product development are anticipated to bolster the market growth of cigarettes in Europe.
Europe Cigarette Market Report Snapshots
Europe Cigarette Market Growth
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
In 2023, the market attained a value of nearly USD 127.45 billion.
The market is assessed to grow at a CAGR of 2.8% between 2024 and 2032.
The market is estimated to witness healthy growth in the forecast period of 2024-2032, reaching almost USD 163.37 billion by 2032.
The major market drivers are increasing the growing urban population, increasing production of tobacco, and changing tastes and preferences among the younger population.
The key market trends guiding the growth of the market include rapid modernisation and the ongoing trend of dine-outs and nightlife.
The major regions in the market are Germany, France, the United Kingdom, and Italy, among others.
The various product types that are available in the market include light, mild, and others.
The major distribution channels in the market include tobacco shops, supermarkets and hypermarkets, convenience stores, online stores, and others.
The various age groups in the market include 15-24 years, 25-44 years, 45-64 years, and 65 years and above.
The major players in the market are Philip Morris International Inc., JT International SA, British American Tobacco p.l.c, Imperial Brands PLC, Bulgartabac-Holding AD, and Continental Tobacco Corporation, among others.
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