The production value of tobacco products in Italy was approximately €1.92 billion in 2023. From 2024 onwards, the forecast indicates a gradual increase, reaching €2.47 billion by 2028. The year-on-year growth rates are 5.9% (2024), 5.8% (2025), 5.1% (2026), and 4.9% (2027). The compound annual growth rate (CAGR) over the five-year period (2024-2028) is 6.9%.
Future trends to watch include increased regulation and taxation, influencing production costs and consumer prices. Additionally, ongoing shifts towards reduced-risk products and e-cigarettes could alter the market dynamics significantly.
