According to IMARC Group’s latest research report, titled ” Cigars and Cigarillos Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027 ,” offers a comprehensive analysis of the industry, which comprises insights into the cigars and cigarillos market growth . The report also includes competitor and regional analysis, and contemporary advances in the global market. The global cigars and cigarillos market is expected to exhibit a CAGR of 3.37% during 2022-2027 .
Cigars and Cigarillos Market Outlook:
Cigars refer to large rolls of tobacco wrapped in a tobacco leaf, whereas cigarillos are more extended and slimmer versions of cigars. Tobacco leaves are usually dried, fermented, and then tightly rolled in varying lengths, sizes, thicknesses, etc. In line with this, cigars and cigarillos have higher nicotine content and provide an instant sense of relaxation to smokers. They are commonly available in various flavors, such as fruit, mint, chocolate, etc., across the globe.
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Cigars and Cigarillos Market Trends:
The escalating demand for premium tobacco products, on account of the improving standards of living and the inflating income levels of individuals, is among the key factors driving the cigars and cigarillos market. In addition to this, they are also easily available via several brick-and-mortar distribution channels and online retail platforms that offer several advantages, including secured payment gateways and faster delivery options. Moreover, the launch of favorable policies by government bodies across countries to minimize the tax rates of cigars and cigarillos is positively influencing the global market.
Apart from this, the expanding hospitality sector is stimulating the introduction of cigar lounges in luxury hotels and bars, which is further propelling the market growth. Additionally, the increasing investments by leading manufacturers in marketing campaigns to create brand awareness among the target users and the shifting consumer preferences from cigarettes, snugs, sheesha, etc., towards cigars and cigarillos are acting as significant growth-inducing factors. Besides this, the growing number of female smokers is expected to fuel the cigars and cigarillos market over the forecasted period.
Key Market Segmentation:
Competitive Landscape:
- Altadis USA Inc. (Imperial Brands Plc)
- Arnold André GmbH & Co. KG
- Dosal Tobacco Corporation
- Drew Estate LLC
- Gurkha Cigar Group Inc.
- Habanos SA
- J. Cortes Cigars
- Joh.Wilh. von Eicken GmbH
- John Middleton Inc. (Altria Group Inc.)
- JT International AG (Japan Tobacco Inc.)
- Oettinger Davidoff AG
- Scandinavian Tobacco Group A/S
- Swedish Match AB
- Swisher International Inc.
Breakup by Category:
- Cigars
- Equal
- Figured
- Cigarillo
Breakup by Type:
- Max
- Premium
Breakup by Flavor:
- Tobacco/No Flavor
- fruit and candy
- Mint and Menthol
- Chocolate and Vanilla
- Others
Breakup by Size:
- 3.01-4inch
- 4.01-5inch
- 5.01-6inch
- 6.01-7inch
- 7.01inch and Above
Breakup by End User:
- Men
- Women
Breakup by Distribution Channel:
- Tobacco Shops
- Supermarkets and Hypermarkets
- Convenience Stores
- Online Stores
- Others
Breakup by Region:
- North America (United States, Canada)
- Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
- Europe (Germany, France, United Kingdom, Italy, Spain, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)
Key Highlights of the Report:
- Market Performance
- Market Outlook
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
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