What's driving the Europe Cigarette Market Growth? Prominent Players: Philip Morris Products S.A, Japan Tobacco International AG, British American Tobacco p.l.c. and more
Browse Summary of Research Report Enabled with Table of Content and Figures: https://www.fortunebusinessinsights.com/industry-reports/europe-cigarette-market-10137
Key companies covered in the report
Philip Morris Products S.A.
Japan Tobacco International AG
British American Tobacco p.l.c.
Imperial Brands PLC
Korea Tobacco & Ginseng Corporation
Heintz Van Landewyck
Karelia Tobacco Company Inc.
Continental Tobacco Group
Fortune Business Insights in a new study, titled "Europe Cigarette Market Size, Share and Industry Analysis By Gender (Male and Female), By Age Group (15-24, 25-44, 45-64, and 65 & above), By Pricing (Premium, Economy, and Mid/Ultra Low), By Size (King, Regular, and Slim), and Regional 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.
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.
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. 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.
Major Segments includes:
By Age Group
65 years and above
Request a Sample Report: https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/europe-cigarette-market-101375
Germany to Hold 13.04% Share Owing to the Growing Customer Base
Tobacco consumption is higher in Germany than in other European countries. The growth is attributable to the rising trend of dining-out, increasing modernization, and preference towards night lounges. These factors are responsible for building a strong customer base of cigarette consumers in Germany. People aged between 15 and 23 years consume the highest number of cigarettes as the young population is more likely to start smoking. Now manufacturers are planning to introduce nicotine-free cigarettes to attract women and young population in the country. This will fuel demand for new cigarettes, thereby widening the Europe cigarette market scope.
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 is one of the best alternatives for cigarette smoking.
Fortune Business Insights(TM) Pvt. Ltd.
308, Supreme Headquarters,
Survey No. 36, Baner,
Pune - 411045, Maharashtra, India.
US :+1 424 253 0390
UK : +44 2071 939123ac
APAC : +91 744 740 1245
Linkedin | Twitter | Blogs
Fortune Business Insights(TM) offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. We tailor innovative solutions for our clients, assisting them to 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(TM) 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.
This release was published on openPR.
Permanent link to this press release:
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release What's driving the Europe Cigarette Market Growth? Prominent Players: Philip Morris Products S.A, Japan Tobacco International AG, British American Tobacco p.l.c. and more here
News-ID: 2064734 • Views: 225
More Releases from Fortune Business Insights(TM)
RTD Coffee Market: How the Business Will Grow in 2026 ? Prominent Players: Pepsi …
The global RTD coffee market boasts an unparalleled distribution channel in the Asia Pacific, which as per Fortune Business Insights is a key factor supporting its expansion in the region. In its report, titled "Ready to Drink Coffee Market Size, Share and Industry Analysis By Packaging Material (Glass and PET Bottles, Cans), By Distribution Channel (Supermarkets/Hypermarkets, Convenience Stores, Online Retail), and Regional Forecast 2018-2025", Fortune Business Insights has found that
Why the Probiotics Market is set to explode? Top Companies: o Danone S.A., Lalle …
According to the recent report published by Fortune Business Insights, titled "Probiotics Market Size, Share and Global Trend By Microbial Genus (Lactobacillus, Bifidobacteria, Yeast), By Application (Functional Food and Beverage, Dietary Supplement, Animal Feed), By Distribution Channel (Supermarkets/Hypermarkets, Pharmacies/Health Stores, Convenience Stores, Online Retail), and Geography Forecast till 2025," the market was valued at USD 42.55 billion in 2017 and is projected to reach USD 74.69 billion by the end
COVID-19 Impact on Abrasives Market in 2020 - Know the Forecast Demand till 2026 …
Abrasives Market Drivers, Influencer and Restraints The increasing demand for abrasives in the automotive industry will have a positive impact on the abrasives market growth. Moreover, coated and non-woven abrasives are both used to refinish auto bodies. Therefore, the surge in the sales of automobiles will boost the abrasives market revenue during the forecast period. Furthermore, the growing auto-export in countries such as India will fuel demand abrasives in the
Plastics Market Affects due to Coronavirus Pandemic | Know The Short and Long-Te …
Fortune Business Insights(TM) recently published a research report titled, "Plastics Market, Share & Industry Analysis, By Type (Polyethylene, Polypropylene, Polyethylene Terephthalate, Polyvinyl Chloride, Acrylonitrile Butadiene Styrene, Polyamide, Polycarbonate, Polyurethane, Polystyrene, and Others), By End-Use Industry (Packaging, Automotive & Transportation, Infrastructure & Construction, Consumer Goods/Lifestyle, Healthcare & Pharmaceutical, Electrical & Electronics, Textile, and Others), and Regional Forecast, 2019-2026". Global Plastics Market Recent Growth Factors, Trends, Size, Share and Forecast to 2026The report
More Releases for Europe
Synthetic Biology Market – Europe
Synthetic Biology Market Europe is expected to reach USD XX Billion by 2026 from USD XX Billion in 2016 at a CAGR of XX% (Detailed analysis of the market CAGR is provided in the report). Synthetic biology has expanded into various interdisciplinary fields that may be defined as the combination of artificial design and engineering to produce biological systems, chemicals or living organisms. Synthetic biology is also used for improving applications
Europe Wooden Doors Market
Europe Wooden Doors Market https://www.qandqmarketresearch.com/reports/wooden-doors-market-78 This report studies the Wooden Doorsmarket status and outlook of Europe and major countries, from angles of players, countries, product types and end industries; this report analyzes the top players in Europe and major countries, and splits the Wooden Doors market by product type and applications/end industries. The global Wooden Doors market is valued at XX million USD in 2018 and is expected to reach XX million
Europe Radiotherapy Market
The Europe Radiotherapy Market research report consists of a primary and secondary research along with an in-depth analysis of the quantitative and qualitative aspects by the expert industry analysts and professionals, leading management bodies, to gain a profound insight of the industry as well as the industry performance. The Europe Radiotherapy Market report presents a lucid picture of the current industry landscape, including the historical and projected market size, based
Europe Business Assembly
The Europe Business Assembly (EBA) is an international corporation for the evolution and implementation of economic and social development. The company was established in April 2000 and its history shows a plethora of promising initiatives, creative growth and professional victories. EBA’s activity demonstrates the capabilities and power of professional partnership. The year 2000 saw the beginning and the foundation of EBA with the signing of the memorandum of cooperation and
Smartsourcing in Eastern Europe
In 2008 the outsourcing business of Eastern Europe was estimated at nearly $2 billion, representing just a tiny fraction of the global IT outsourcing market, estimated at about $386 billion. According to the Gartner Dataquest predictions, in the next four years Eastern Europe is expected to outstrip the rest of the offshore market concentrated mainly in the “classical” locations like India. By 2010 Eastern Europe’s IT outsourcing market share is
Home Control conquers Europe
European Home Control Summit attracts participation from leading International companies and organizations 29. February 2008 - Copenhagen/Frankfurt - The first European Wireless Home Control Summit on 9 April 2008, taking place parallel to Light + Building, features leading companies such as Merten, Horstmann, Danfoss, and market researcher Parks Associates as well as publicly funded organizations like the Danish Energy Saving Trust (DEST) presenting the newest trends, products and market strategies pertaining