Global cigars market is projected to show a robust growth in the forecast period 2023 to 2027. The market growth can be attributed to inclination of consumers towards cigars over cigarettes and other recreational smokes. Moreover, cigar smoking is still considered an expensive and exquisite habit. It is a style statement and is still counted as high-class product, the adjoined class structure and changing patterns of the consumers are driving the market growth in the upcoming five years.
Also, in the recent case of COVID-19 mass population quit cigarette smoking and picked a habit of cigar smoking believing the factor of cigarette smoking as a major cause behind catching the viral infection. According to government sources, one of the major producers of cigars, The Caribbean Nation is anticipating a major jump of 6% in its sale of tobacco based products in the upcoming five years.
Furthermore, availability of the disposable income, extended time due to pandemic, and no recreational activity is stimulating the consumers to consume cigars in their free time, thereby supporting the growth in the sales of the product and hence, the growth of the market in the upcoming five years.
Although, general awareness among the population regarding health and environment is expected to present some minor restraint to the market growth. Also, some of the governments do not allow the sale of the tobacco based products, indirectly affecting the sale of cigars thereby afffecting the growth of the global cigars market in the forecast period until, 2027.
The global cigars market is segmented by product, flavor, composition, distribution channel, competitive landscape, and regional distribution. Based on product the market is further bifurcated into mass cigar and premium cigars. Mass cigars are anticipated to hold the largest shares of the market in the upcoming five years, due to their affordability. Mass cigars are machine made and mostly contain tobacco contents. Premium cigars are mostly handmade and are exclusive.
However, the price of the premium cigar is more as compared to the mass cigar, hence, increasing number of consumers opt for mass cigar due to its affordability. Although, occasional cigar smokers mostly prefer premium handmade cigars which can be the major driver for the segmental growth. Also, premium cigars are majorly provided in special shops and luxury hotels creating an image of a high class product for the common consumers.
Holding large shares of the market are some of the market players, which include, Imperial Brands, Scandinavian Tobacco Group AS, Altria Group Inc., Habanos SA, Swisher International Inc., Swedish Match AB, Villiger Sohne AG, Burger Sohne Holding AG (Danneman), Arnold Andre GmbH & Company KG, Holt's Cigar Company Inc., among others. Advancements and flavorful products are potential areas for the development of the cigars for the market players. Other strategies may include partnerships among the market players and the distributors.
Objective of the Study
- To analyze the historical growth in the market size of global cigars market from 2017 to 2021.
- To estimate and forecast the market size of global cigars market from 2022 to 2027 and growth rate until 2027.
- To classify and forecast global cigars market based on product, flavor, composition, distribution channels, regional distribution, and competitive landscape.
- To identify dominant region or segment in the global cigars market.
- To identify drivers and challenges for global cigars market.
- To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in global cigars market.
- To identify and analyze the profile of leading players operating in global cigars market.
- To identify key sustainable strategies adopted by market players in global cigars market.
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marketinsights Research performed both primary as well as exhaustive secondary research for this study. Initially, marketinsights Research sourced a list of manufacturers, suppliers, and
marketinsights Research calculated the market size of global cigars market using a bottom-up approach, wherein data for various end-user segments was recorded and forecast for the future years. marketinsights Research sourced these values from the industry experts and company representatives and externally validated through analyzing historical data of these product types and applications for getting an appropriate, overall market size. Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations and financial reports were also studied by marketinsights Research.
Key Target Audience
- Manufacturers, end users and other stakeholders
- Distributers and suppliers of products and other stakeholders
- Organizations, forums, and alliances related to cigars market
- Market research and consulting firms
The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as manufacturers, distributors, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.
| Attribute | Details |
| Base Year | 2021 |
| Historical Years | 2017 – 2020 |
| Estimated Year | 2022 |
| Forecast Period | 2023 – 2027 |
| Quantitative Units | Revenue in USD Million and CAGR for 2017-2021 and 2022-2027 |
| Report Coverage | Revenue forecast, company share, competitive landscape, growth factors, and trends |
| Segments Covered | ProductFlavorCompositionDistribution Channel |
| Regional Scope | North America; Asia Pacific; Europe & CIS; South America; Middle East & Africa |
| Country Scope | United States; Canada; Mexico; China; India; Japan; Australia; South Korea; Germany; France; United Kingdom; Spain; Italy; Brazil; Argentina; Colombia; Saudi Arabia; UAE; South Africa |
| Key Companies Profiled | Imperial Brands, Scandinavian Tobacco Group AS, Altria Group Inc., Habanos SA, Swisher International Inc., Swedish Match AB, Villiger Sohne AG, Burger Sohne Holding AG (Danneman), Arnold Andre GmbH & Company KG, Holt's Cigar Company Inc. |
| Customization Scope | 10% free report customization with purchase. Addition or alteration to country, regional & segment scope. |
| Pricing and Purchase Options | Avail customized purchase options to meet your exact research needs. Explore purchase options |
| Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
Report Scope
In this report, global cigars market has been segmented into following categories, in addition to the industry trends which have also been detailed below
- Global Cigars Market, By Product
- Global Cigars Market, By Flavor
- Global Cigars Market, By Composition
- Global Cigars Market, By Distribution Channel
- Global Cigars Market, By Region
- North America
- United States
- Canada
- Mexico
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Middle East & Africa
- South Africa
- Saudi Arabia
- UAE
- South America
- Brazil
- Argentina
- Colombia
