Global Cigar Market Size is estimated to expand rapidly in coming years, at a CAGR of 8.35 % from 2018 to 2025. In 2017, the global market valuation was USD 23.85 billion, and it is anticipated to be greater than USD xx.xx billion by 2025. Cigars are rolls of tobacco and have been considered as a symbol of success and luxury. These days smoking trend has become popular among young adults. The market of cigars is expected to witness substantial growth as the increasing number of luxury hotels. Tobacco companies are introducing new flavors to the market which will drive the market in the forecast period. Moreover, the cigar retailers are giving away free samples of premium cigars and many companies are using this strategy to attract smokers in the industry. On the other hand cigar manufacturers, are reducing the size of cigar and make it look like a cigarette to attract consumers. Moreover, cigar flavors including cocoa, sweet, spicy, salty, woody, and peppery are also being consumed on a large scale across the globe. According to the research, the Asia Pacific region is the fastest growing region on the global market of cigars.

Global Market Growth Opportunities (Revenue, Growth) By 2017-2025

This global market study report analysis offers in-depth insights, revenue details, and other vital information regarding the global cigar market, and the various trends, drivers, restraints, opportunities, and threats in the target market till 2025. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global cigar market report has been segmented on the basis of type, application, and region. It includes the estimation of the market size, in terms of value, with respect to 4 main geographies, namely, North America, Europe, APAC, and RoW.

Segment Analysis

By Type Insights: On the basis of type, global cigar market has been segmented into pipe, sweet, flavored, natural leaf, premium, others. Amongst which piped cigars are highest growing segment in the market of cigars. Flavored cigars will witness moderate growth in the market followed by cigars. In flavored cigars, fruit/candy flavor is anticipated to be highly preferred in the global cigars market.

By Users Insights: On the basis of users, global cigar market has been segmented into male and female. On the basis of gender, male are likely to consume cigars on large scale during the forecast period as compared to male.

Regional Analysis

The cigar market is divided into regions that are North America - U.S, Canada, Other; Asia-Pacific -India, Japan, China, Australia, Other; Europe - UK, Russia, France, Brazil, Other; Middle East and Africa. Every region analysis details in sense of growth, revenue, volume, challenges, and opportunities with the regional and global key players. In terms of region, North America is expected to witness high growth in upcoming time span due to high demand in hotel sector. North America sector is expected to witness an increase in revenue by forecast period due to the introduction of smoking parlors in the region. Asia Pacific region is expected to witness high growth in the market in forecast period. Growing adoption of western lifestyle, and disregard in adopting anti-smoking regulations, cigars are becoming favored in various countries of the Asia-Pacific region. Europe is anticipated to dominate the global cigar market over the projected period majorly owing to high consumer demand, better technological connectivity, and ease of raw material and highly cost-effective marketing strategies.

Global Cigar Market Size, Share Analysis by Region 2017

Global Cigar Market Study Objective

1, To forecast the market size of global cigar market, along with describing and defining the market, in terms of volume and revenue as well as market opportunities for stakeholders, in order to provide a competitive landscape for global market players.

2. Market analysis and forecast of global cigar market on the basis of region, substrate, and application or end-use industry. To profile major market players, and to analyze their market shares and essential competencies comprehensively.

3. To analyze and elaborate significant factors that will have a major impact on the growth of global cigar market, such as drivers, restraints, challenges, and opportunities.

4. The regional analysis of global cigar market, to induce market size of five global major regions, which include, Europe, North America, South America, Middle East & Africa, and the Asia Pacific.

5. Strategic analysis of micro markets, in terms of individual prospects, opportunities, growth trends and their involvement in the overall market.

6. To provide detailed analysis of competitive and strategic developments in the global cigar market like a new product launch, partnership & agreement, investment & expansion, and company merger & acquisitions.

Key Players Landscape

British American Tobacco, Imperial Brands, Scandinavian Tobacco Group A/S, Altria Group, Inc, Habanos S.A., Swisher International, Inc, Drew Estate LLC, Oettinger Davidoff AG, Trendsettah USA, Inc, Swedish Match AB, Agio Cigars, and Gurkha Cigar. are some of the key players in the market of cigar.

Global Cigar Market Study Report Offer You!

The global cigar market study report gives an idea about market size, share, stock, equity, investment and total price analysis. Also, the report provides comprehensively industry insights with all major factors such as market credit, allocation, demand, distribution, market scope, key players, end user & applications, provisions, livestock, commodities and industry economics analysis, future growth & forecast. The global market report includes all depth data like pre-market emphasis, market survey, market investment, industry advice, portfolio, finance, access, trade, market exploration, industry review and market predication & projection to develop effective strategies for optimizing their market position.