Europe Cigar and Cigarillos Market is expected to expand at a CAGR of 2.2% over the forecast period to be valued at around US$ 1,380 Mn by the end of 2024

A new publication by Persistence Market Research titled Cigar and Cigarillos Market: Europe Industry Analysis and Forecast, 2016 And 2024 provides detailed information about the fruit and candy flavored cigars and cigarillos that are very popular among European consumers. According to the analysts, the tobacco/no flavor segment accounts for a significant share of revenue in the Europe cigar and cigarillos market and is likely to register high growth rate during the forecast period (2016 and 2024).

The report further states that cigar smokers prefer high-quality products in a variety of flavors at a relatively low cost. Besides preferring products with attractive packaging, cigar smokers prefer longer cigars and cigarillos owing to the longer smoking duration offered by these products.

A detailed study of key market players shows that strengthening and expanding the product portfolio along with high product visibility is a key strategy adopted by manufacturers in the region. Persistence Market Research recommends that manufacturers need to focus on manufacturing quality products and ensure easy availability of products via internet retailing and other well-established distribution channels.

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Key Players:

British American Tobacco PLC
Japan Tobacco, Inc.
Swisher International Inc.
Swedish Match AB
Altria Group, Inc.
Arnold André GmbH & Co. KG
Agio Cigars GmbH
J.Cortès Cigars
Joh. Wilh. von Eicken GmbH
Dannemann Cigarrenfabrik GmbH
Others.

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Research Methodology

The analysts have not only conducted forecasts in terms of CAGR but have also analyzed the Europe cigar and cigarillos market on the basis of key parameters such as year-on-year (Y-o-Y) growth to understand the predictability of the market and to identify the right opportunities. Another key feature of this report is the analysis of all key market segments in terms of absolute dollar.

This is traditionally overlooked while forecasting the market. However, absolute dollar opportunity is critical in assessing the level of opportunity that providers can look to achieve, as well as to identify potential resources from a sales and delivery perspective in the Europe cigar and cigarillos market.

Macro-economic indicators such as food industry outlook, food and health supplement spending, and others have been considered to arrive at the indicated market numbers. Yearly change in inflation rate has not been considered while forecasting market numbers. In-depth secondary research is used to determine top industry players, products, applications, overall market size, and industry connotations.

Read More: https://www.persistencemarketresearch.com/market-research/europe-cigar-and-cigarillos-market.asp

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