Europe Cigar And Cigarillos Market Size & Outlook
Europe cigar and cigarillos market, 2018-2030 (US$M)
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Europe cigar and cigarillos market highlights
- The Europe cigar and cigarillos market generated a revenue of USD 7,725.5 million in 2023.
- The market is expected to grow at a CAGR of 7.8% from 2024 to 2030.
- In terms of segment, mass was the largest revenue generating product in 2023.
- Premium is the most lucrative product segment registering the fastest growth during the forecast period.
- Country-wise, Italy is expected to register the highest CAGR from 2024 to 2030.
Europe data book summary
| Market revenue in 2023 | USD 7,725.5 million |
| Market revenue in 2030 | USD 13,055.5 million |
| Growth rate | 7.8% (CAGR from 2023 to 2030) |
| Largest segment | Mass |
| Fastest growing segment | Premium |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Mass, Premium |
Other key industry trends
- In terms of revenue, Europe region accounted for 15.1% of the global cigar and cigarillos market in 2023.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Latin America is the fastest growing regional market and is projected to reach USD 4,379.4 million by 2030.
Mass was the largest segment with a revenue share of 72.72% in 2023. Horizon Databook has segmented the Europe cigar and cigarillos market based on mass, premium covering the revenue growth of each sub-segment from 2018 to 2030.
A significant trend fueling the Europe cigar and cigarillos market is the increasing consumption of these products among women, particularly in countries like Sweden, Russia, and Poland. Psychological factors, such as tobacco dependency and social perceptions of smoking as a fashionable activity, are driving this change.
The market is also seeing a rise in female smokers due to the influence of peer pressure and the social environment, which has led to a notable increase in cigar consumption among women.
For example, according to Global Action to End Smoking, an independent U.S. nonprofit, the number of female tobacco users has been growing in Russia, with an estimated 9.6 million women using tobacco products as of 2022. This trend reflects a broader acceptance of smoking among women, which has been historically lower than among men.
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Cigar And Cigarillos Market Scope
Cigar And Cigarillos Market Companies
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Europe cigar and cigarillos market size, by country, 2018-2030 (US$M)
Europe Cigar And Cigarillos Market Outlook Share, 2023 & 2030 (US$M)
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