Cigar Market

Introduction of the Global Cigar Market Report

A cigar is a roll of fermented tobacco leaves made to be smoked. It is produced in various shapes & sizes. Almost all cigars are made up of three distinct components – the filler, the binder leaf, which holds the filler together & a wrapper leaf. Often there will be cigar bands printed with the cigar manufacturer’s logo. Modern cigars often come with two bands, especially Cuban cigar bands showing limited edition bands displaying the year of production. Cigar Tobacco is grown in significant quantities, primarily in Central America & the islands of the Caribbean.

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Market Dynamic

Key Drivers and Emerging Trends

The factors driving the global cigar market include increased smoking trends among youth and the rising innovation of new tobacco products like JUUL & IQOS across the globe. Moreover, increasing demand for cigars with the easy accessibility of tobacco providers will boost the global cigar market. An increase in the number of consumer preferences & constant product innovation will further propel the market growth of the global cigar market over the forecast period. In addition, the premiumization in the cigar category by the brands like Ashton, Oliva, etc., will enhance the growth of the global cigar market. Furthermore, the increased availability of Cuban cigars & Caribbean cigars like Cohiba, Montecristo No etc. due to the growth of cigar tobacco primarily in these regions & Central America will accelerate growth for the global cigar market. Changing lifestyle & consumer beliefs that tobacco smoking reduces stress, anxiety are vital factors for the growth of the cigar market in countries like Egypt, as 31.8% men smoke manufactured cigarette/cigar while 6.2% male smoke sheesha according to a WHO report, which projects the substantial consumption, leading to the expansion of the overall market.

Restraint in the Global Cigar Market

However, increasing concerns about lung & mouth cancer, smoking bans in some countries, heavy-duty/taxes on tobacco products, and other health issues may hamper the global cigar market. For example, smoking bans in the US & Europe pose a challenge to the growth of the cigar market in these regions.

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Product – Segment Analysis

Based on the product, the mass cigar is expected to grow at the fastest rate in the global cigar market during the forecast period owing to the affordability among middle- & lower-income groups & the advantage of cigarette bans or strict regulators for cigarette sales. However, premium cigarettes have lesser consumption in the cigar market, but when it comes to margin & revenues, it is much ahead of a mass cigar as they have very much higher cost. It can be a crucial factor for the constant growth of the premium cigar.

Flavour – Segment Analysis

Based on the flavour, tobacco/no flavour cigar projected to capture the most significant growth over the forecast period in the global cigar market due to the rising preferences of no flavour by customers & the recent ban on a flavoured cigar in some regions. However, the flavoured cigar market might witness significant growth over the forecast period due to the launch of new cigar flavours like coffee, cherry, vanilla, etc.

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Regional – Segment Analysis:

Based on the region, North America is expected to capture significant growth in the global cigar market due to the increasing demand for premium cigars in luxury hotels, bars, pubs like Rhumbar, Whiskey down, etc. The Europe region is projected to hold a substantial growth in the global cigar market due to female smokers’ high consumption of flavoured cigars. The Asia Pacific region is also expected to hold a significant growth in the global cigar market due to the high demand for Cuban cigars, especially in countries like China.

Top Market Players

Various notable players operating in the market include Swisher International Inc., Drew Estate LLC, British American Tobacco, Scandinavian Tobacco Group A/S, Oettinger Davidoff AG, Godfrey Philips India Ltd & Plc, Swedish Match AB, Habanos SA, Altria Group Inc, Imperial Brands Plc among others.

Key Developments:

• • In March 2021, British American Tobacco acquires a 19.9% equity investment in Organigram, a leading Canadian cannabis producer.
  • In Oct 2020, Imperial Brands announced a collaboration with LifeSphere Regulatory to gain a unified platform for regulatory management & to maintain cross-functional engagement with safety & clinical departments.

Segments covered in the Report:

The global cigar market has been segmented based on product, flavour, and regions. Based on product, the market is segmented into mass cigars & premium cigars. Based on flavour, the market is segmented into tobacco/no flavour & flavoured.

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Key questions answered in this research report:

• • At what pace is global cigar market growing? What will be the growth trend in the future?
  • What are the key drivers and restraints in global cigar market? What will be the impact of drivers and restraints in the future?
  • What are the regional revenues and forecast breakdowns? Which are the major regional revenue pockets for growth in the global cigar market?
  • Which product generated maximum revenues in 2020 and identify the most promising product during the forecast period?
  • What are the various flavours of global cigar market and how they are poised to grow?
  • What companies are the major participants in this market and their business strategies, how does the competitive landscape look like?

Report Coverage	Details
Market Base Year	2020
Market Forecast Period	2021-2028
Market Revenues Currency	USD Million
Base Year & Forecast Units	Revenues (USD Million)
Market Segment	By Product, By Flavour, By Region
Regional Coverage	Asia Pacific, Europe, North America, and RoW
Companies Profiled	Swisher International Inc., Drew Estate LLC, British American Tobacco, Scandinavian Tobacco Group A/S, Oettinger Davidoff AG, Godfrey Philips India Ltd & Plc, Swedish Match AB, Habanos S.A., Altria Group Inc, Imperial Brand Plc among others; a total of 10 companies covered.
25% Free Customization Available	We will customize this report up to 25% as a free customization to address our client’s specific requirements

Market Segmentation

Global Cigar Market by Product

• • Mass Cigars
  • Premium Cigars

Global Cigar Market by Flavours

• • Tobacco/No Flavour
  • Flavoured

Global Cigar Market by Region

• • North America Cigar Market (Option 1: As a part of the free 25% customization)
    • North America Cigar Market by Product
    • North America Cigar Market by Flavour
    • US Cigar Market All-Up
    • Canada Cigar Market All-Up
  • Europe Cigar Market (Option 2: As a part of the free 25% customization)
    • Europe Cigar Market by Product
    • Europe Cigar Market by Flavour
    • UK Market Cigar Market All-Up
    • Germany Cigar Market All-Up
    • France Cigar Market All-Up
    • Spain Cigar Market All-Up
    • Rest of Europe Cigar Market All-Up
  • Asia-Pacific Cigar Market (Option 3: As a part of the free 25% customization)
    • Asia-Pacific Product Market by Product
    • Asia-Pacific Flavour Market by Flavour
    • China Cigar Market All-Up
    • India Cigar Market All-Up
    • Japan Cigar Market All-Up
    • Rest of APAC Market Name Market All-Up
  • RoW Cigar Market (Option 4: As a part of the free 25% customization)
    • RoW Cigar Market by Product
    • RoW Cigar Market by Flavour
    • Brazil Cigar Market All-Up
    • South Africa Cigar Market All-Up
    • Saudi Arabia Cigar Market All-Up
    • UAE Cigar Market All-Up
    • Rest of world (remaining countries of the LAMEA region) Cigar Market All-Up

Major Players Operating in the Cigar Market (Option 5: As a part of the Free 25% Customization – Profiles of 5 Additional Companies of your Choice)

• • Swisher International Inc.
  • Drew Estate LLC
  • British American Tobacco
  • Scandinavian Tobacco Group A/S
  • Oettinger Davidoff AG
  • Godfrey Philips India Ltd & Plc
  • Swedish Match AB
  • Habanos S.A
  • Altria Group Inc
  • Imperial Brand Plc