Global Cigars and Cigarillos Market Report Size, Trends, and Growth Opportunity, By Product (Mass, Premium), By Flavour (Tobacco/Non-flavoured, Flavoured), By Region (North America, Europe, Asia Pacific, Latin America, the Middle East, and South Africa), and Forecast to 2027
Global Cigars and Cigarillos Market
The global cigars and cigarillos market was worth USD 19.3 billion in 2021 and is estimated to be worth USD 26.39 billion, growing at a CAGR of 4.32 percent from 2022 to 2027.
The growing number of luxury hotels with cigar lounges is expected to drive significant growth in the global market. As a result of the worldwide ban on smoking in public places, such lounges and bars are appearing in luxury hotels and bars. The Dukes Hotel in London, for example, welcomes cigar and cognac enthusiasts in its cognac and cigar garden. The secluded courtyard behind the hotel serves a selection of cognacs to complement the Cuban cigars.
Market Drivers
To mask the harsh taste of tobacco, various flavours such as wine, tea, chocolate, and vanilla are being introduced, which is increasing demand among young consumers. Flavoured cigars are the most popular type of premium cigar. flavours such as sweetened tobacco products like Swisher Sweet and White Owl have led the market for generations, while flavoured products like Tatiana, Acid, and Java have contributed to an increase in demand for flavoured products in the last 15 years. In addition to this, companies operating in the tobacco product industry are conducting R&D activities in order to offer better tobacco quality and innovative flavours to compete in the market.
Market Restraints
The increasing concentration of cigar clubs in cities such as New Delhi, Bengaluru, Mumbai, and Kolkata is expected to drive significant growth in demand for Cuban cigars in India. The growing brand awareness among the neo-rich, combined with the increased influence of western culture among young consumers, is attributed to the increased demand. However, a lack of adequate choice and limited marketing due to stringent government regulations on tobacco-related product advertising are expected to stymie growth in the near future.
Market Segmentation
The cigars and cigarillo market is segmented into product (mass, premium), flavour (tobacco, no flavour, flavoured), and region (North America, Europe, Asia Pacific, Latin America, the Middle East, and South Africa).
Regional Analysis
In 2022, North America held a 41% share of the market. In the United States, there is an increasing demand for premium cigars from luxury hotels and bars. Increased cigar popularity, the establishment of cigar lounges, and so on. Nicaragua dominated the import market and was the largest exporter of premium cigars for two years in a row. The increased import from Nicaragua was due to the desire of US consumers for the distinct flavour of Nicaragua tobacco. These factors are propelling the cigar and cigarillos market forward. Asia Pacific is expected to grow at a 4.2% CAGR during the forecast period. The ban on e-cigarettes in China's developed states, including Beijing, is a major factor driving the growth of the Chinese cigar market. Cigar clubs are becoming increasingly popular in cities such as Bengaluru, New Delhi, Kolkata, and Mumbai. The growing brand awareness among the neo-rich, combined with the increased influence of western culture among young consumers, is attributed to the increased demand.
Key Players
The key players in cigars and cigarillos are Swisher International, Inc., Agio Cigars, Swedish Match AB, OETTINGER DAVIDOFF AG, Drew Estate, Trendsettah USA, Inc., Altria Group, Inc., Habanos S.A., Scandinavian Tobacco Group A/S, Gurkha Cigars, and Trendsettah USA, Inc.
Market Taxonomy
By Product
• Mass
• Premium
By Flavour
• Tobacco/Non -Flavoured
• Flavoured
By Regional Outlook
• North America • Europe
• Asia Pacific
• Latin America
• Middle East and South Africa
Global Cigars and Cigarillos Market
1 Introduction
1.1 Objective the Study
1.2 Market definition
1.3 Market Scope
2 Research Methodology
2.1 Data Mining
2.2 Validation
2.3 Primary Interviews
2.4 List of Data Sources
3 Executive Summary
4 Cigars and Cigarillos Market Outlook
4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.3 Porters Five Force Model
4.4 Value Chain Analysis
5 Cigars and Cigarillos Market, By Product
5.1 Y-o-Y Growth Comparison, By Product
5.2 Global Cigars and Cigarillos Market Share Analysis, By Product
5.3 Global Cigars and Cigarillos Market Size and Forecast, By Product
5.3.1. Mass
5.3.2. Premium
6 Global Cigars and Cigarillos Market, By Flavour
6.1 Y-o-Y Growth Comparison, By Flavour
6.2 Cigars and Cigarillos Market Share Analysis, By Flavour
6.3 Cigars and Cigarillos Market Size and Forecast, By Flavour
6.3.1 Tobacco/ No Flavour
6.3.2. Flavoured
7 Global Cigars and Cigarillos Market, By Region
7.1 Global Cigars and Cigarillos Market Share Analysis, By Region
7.2 Global Cigars and Cigarillos Market Size and Forecast, By Region
8 North America Cigars and Cigarillos Market Analysis and Forecast (2022-2027)
8.1 Introduction
8.2 North America Cigars and Cigarillos Market Size and Forecast, By Product
8.3 North America Cigars and Cigarillos Market Size and Forecast, By Flavour
8.4 North America Cigars and Cigarillos Market Size and Forecast, By Country
8.4.1 U.S.
8.4.2 Canada
8.4.3 Mexico
9 Europe Cigars and Cigarillos Market Analysis and Forecast (2022-2027)
9.1 Introduction
9.2 Europe Cigars and Cigarillos Market Share Analysis, By Product
9.3 Europe Cigars and Cigarillos Market Size and Forecast, By Flavour
9.4 Europe Cigars and Cigarillos Market Size and Forecast, By Country
9.4.1 Germany
9.4.2 France
9.4.3 UK
9.4.4 Rest of Europe
10 Asia Pacific Cigars and Cigarillos Market Analysis and Forecast (2022-2027)
10.1 Introduction
10.2 Asia Pacific Cigars and Cigarillos Market Share Analysis, By Product
10.3 Asia Pacific Cigars and Cigarillos Market Size and Forecast, By Flavour
10.4 Asia Pacific Cigars and Cigarillos Market Size and Forecast, By Country
10.4.1 China
10.4.2 Japan
10.4.3 India
10.4.4. Rest of Asia Pacific
11 Latin America Cigars and Cigarillos Market Analysis and Forecast (2022-2027)
11.1 Introduction
11.2 Latin America Cigars and Cigarillos Market Share Analysis, By Product
11.3 Latin America Cigars and Cigarillos Market Size and Forecast, By Flavour
11.4 Latin America Cigars and Cigarillos Market Size and Forecast, By Country
11.4.1. Brazil
11.4.2. Rest of Latin America
12 Middle East Cigars and Cigarillos Market Analysis and Forecast (2022-2027)
12.1 Introduction
12.2 Middle East Cigars and Cigarillos Market Share Analysis, By Product
12.3 Middle East Cigars and Cigarillos Market Size and Forecast, Flavour
12.4 Middle East Cigars and Cigarillos Market Size and Forecast, By Country
12.4.1. Saudi Arabia
12.4.2. UAE
12.4.3. Egypt
12.4.4. Kuwait
12.4.5. South Africa
13 Competitive Analysis
13.1 Competition Dashboard
13.2 Market share Analysis of Top Vendors
13.3 Key Development Strategies
14 Company Profiles
14.1 Swisher International, Inc.
14.1.1 Overview
14.1.2 Offerings
14.1.3 Key Financials
14.1.4 Business Segment & Geographic Overview
14.1.5 Key Market Developments
14.1.6 Key Strategies
14.2. Agio Cigars
14.2.1 Overview
14.2.2 Offerings
14.2.3 Key Financials
14.2.4 Business Segment & Geographic Overview
14.2.5 Key Market Developments
14.2.6 Key Strategies
14.3. Swedish Match AB
14.3.1 Overview
14.3.2 Offerings
14.3.3 Key Financials
14.3.4 Business Segment & Geographic Overview
14.3.5 Key Market Developments
14.3.6 Key Strategies
14.4 OETTINGER DAVIDOFF AG
14.4.1 Overview
14.4.2 Offerings
14.4.3 Key Financials
14.4.4 Business Segment & Geographic Overview
14.4.5 Key Market Developments
14.4.6 Key Strategies
14.5 Drew Estate
14.5.1 Overview
14.5.2 Offerings
14.5.3 Key Financials
14.5.4 Business Segment & Geographic Overview
14.5.5 Key Market Developments
14.5.6 Key Strategies
14.6 Trendsettah USA, Inc.
14.6.1 Overview
14.6.2 Offerings
14.6.3 Key Financials
14.6.4 Business Segment & Geographic Overview
14.6.5 Key Market Developments
14.6.6 Key Strategies
14.7 Altria Group, Inc.
14.7.1 Overview
14.7.2 Offerings
14.7.3 Key Financials
14.7.4 Business Segment & Geographic Overview
14.7.5 Key Market Developments
14.7.6 Key Strategies
14.8 Habanos S.A
14.8.1 Overview
14.8.2 Offerings
14.8.3 Key Financials
14.8.4 Business Segment & Geographic Overview
14.8.5 Key Market Developments
14.8.6 Key Strategies
14.9 Scandinavian Tobacco Group A/S
14.9.1 Overview
14.9.2 Offerings
14.9.3 Key Financials
14.9.4 Business Segment & Geographic Overview
14.9.5 Key Market Developments
14.9.6 Key Strategies
14.10 Gurkha Cigars
14.10.1 Overview
14.10.2 Offerings
14.10.3 Key Financials
14.10.4 Business Segment & Geographic Overview
14.10.5 Key Market Developments
14.10.6 Key Strategies
