Luxury Cigar Market Size, Competitors & Forecast to 2030

The global luxury cigar market size was estimated to reach USD 23.27 billion in 2030 and is projected to grow at a CAGR of 7.2% from 2023 to 2030, according to the report. The global luxury cigar industry has witnessed increased growth in the last few years, which is expected to continue over the forecast period. Hand-rolled cigars have a higher penetration globally. With carefully chosen tobacco leaves and premium blends, hand-rolled cigars are renowned for their outstanding quality. Complex and nuanced flavor profiles are produced by the hands-on method, which provides a degree of accuracy and control over the blending process. Smokers often seek out the complex and varied flavors offered by hand-rolled luxury cigars.

Moreover, hand-rolled cigars are status symbols and are frequently associated with luxury. A hand-rolled cigar can be a symbol of refinement and sophistication. Cigars are more appealing to people because of their association with luxury and the popular culture of cigars being enjoyed in elite settings.

The geographical reach provided by online retailers is another compelling factor. It allows consumers, regardless of their location, to access luxury cigars from around the world. This is particularly advantageous for those living in regions with limited access to premium cigar shops, broadening the market's reach and inclusivity.

Furthermore, subscription services have become a popular feature of online channels, delivering curated selections of luxury cigars directly to customers' doors. These services enhance the overall experience, providing customers with a steady supply of premium cigars and introducing them to new brands and flavors.

In November 2021, Villiger Cigars inaugurated a factory in Estelí, Nicaragua, a major hub for premium cigar manufacturing. This new facility, named Villiger de Nicaragua, started its operations in October 2021. It is now responsible for producing several Villiger brand lines, including Villiger San’Doro, La Meridiana, La Vencedora, Casa de Nicaragua, Corrida Nicaragua, and the La Libertad brand, which were previously manufactured in the Dominican Republic. This strategic move allows Villiger to exercise greater control over its Nicaraguan portfolio and produce hand-rolled premium cigars for the global market.

Luxury Cigar Market Report Highlights

Based on type, the hand rolled cigars segment held the largest share of 75.5% in 2022. Hand-rolled cigars enjoy a more significant preference among premium smokers compared to machine-rolled cigars due to their notably higher quality. Luxury hand-rolled cigars exclusively use tobacco leaves for their fillers, resulting in a superior flavor profile
Based on distribution channel, the online segment is anticipated to grow at a CAGR of 9.2% from 2023 to 2030.Online platforms provide consumers the freedom to choose from a wide range of hand-rolled & machine-rolled cigars, competitive pricing, and enhanced visibility of international brands. This makes them an ideal choice for a diverse spectrum of customers
North America held a major share of over 36.8% of the global market in 2022. In North American countries like the U.S. and Canada, consumers are strongly willing to invest in unique and non-traditional premium cigars, even at premium prices. In addition, the North American region benefits from the presence of established luxury cigar manufacturers, including well-known brands like Davidoff of Geneva, Rocky Patel, and Altadis USA, further bolstering the demand for high-end cigars

Chapter 1. Methodology and Scope

1.1. Market Segmentation & Scope
1.2. Market Definition
1.3. Information Procurement
1.3.1. Purchased Database
1.3.2. Internal database
1.3.3. Secondary Products & Third-Party Perspectives
1.3.4. Primary Research
1.4. Information Analysis
1.4.1. Data Analysis Models
1.5. Market Formulation & Data Visualization
1.6. Data Validation & Publishing

Chapter 2. Executive Summary

2.1. Market Outlook
2.2. Type Outlook
2.3. Distribution Channel Outlook
2.4. Regional Outlook

Chapter 3. Luxury Cigar Market Variables, Trends & Scope

3.1. Market Lineage Outlook
3.2. Industry Value Chain Analysis
3.2.1. Sales/Retail Channel Analysis
3.2.2. Profit Margin Analysis
3.3. Market Dynamics
3.3.1. Market Driver Analysis
3.3.2. Market Restraint Analysis
3.3.3. Market Opportunities
3.3.4. Market Challenges
3.4. Industry Analysis - Porter’s Five Forces Analysis
3.5. Market Entry Strategies

Chapter 4. Consumer Behavior Analysis

4.1. Demographics Analysis
4.2. Consumer Trends and Preferences
4.3. Factors Affecting Buying Decision
4.4. Consumer Product Adoption
4.5. Key Observations & Findings

Chapter 5. Luxury Cigar Market: Type Estimates & Trend Analysis

5.1. Type Movement Analysis & Market Share, 2022 & 2030
5.2. Hand Rolled
5.2.1. Market estimates and forecast, 2017 - 2030 (USD Million)
5.3. Machine Rolled
5.3.1. Market estimates and forecast, 2017 - 2030 (USD Million)

Chapter 6. Luxury Cigar Market: Distribution Channel Range Estimates & Trend Analysis

6.1. Distribution Channel Movement Analysis & Market Share, 2022 & 2030
6.2. Offline
6.2.1. Market estimates and forecast, 2017 - 2030 (USD Million)
6.3. Online
6.3.1. Market estimates and forecast, 2017 - 2030 (USD Million)

Chapter 7. Luxury Cigar Market: Regional Estimates & Trend Analysis

7.1. Regional Movement Analysis & Market Share, 2022 & 2030
7.2. North America
7.2.1. Market estimates and forecast, 2017 - 2030 (USD Million)
7.2.2. Market estimates and forecast, by type, 2017 - 2030 (USD Million)
7.2.3. Market estimates and forecast, by distribution channel, 2017 - 2030 (USD Million)
7.2.4. U.S.
7.2.4.1. Market estimates and forecast, 2017 - 2030 (USD Million)
7.2.4.2. Market estimates and forecast, by type, 2017 - 2030 (USD Million)
7.2.4.3. Market estimates and forecast, by distribution channel, 2017 - 2030 (USD Million)
7.2.5. Canada
7.2.5.1. Market estimates and forecast, 2017 - 2030 (USD Million)
7.2.5.2. Market estimates and forecast, by type, 2017 - 2030 (USD Million)
7.2.5.3. Market estimates and forecast, by distribution channel, 2017 - 2030 (USD Million)
7.2.6. Mexico
7.2.6.1. Market estimates and forecast, 2017 - 2030 (USD Million)
7.2.6.2. Market estimates and forecast, by type, 2017 - 2030 (USD Million)
7.2.6.3. Market estimates and forecast, by distribution channel, 2017 - 2030 (USD Million)
7.3. Europe
7.3.1. Market estimates and forecast, 2017 - 2030 (USD Million)
7.3.2. Market estimates and forecast, by type, 2017 - 2030 (USD Million)
7.3.3. Market estimates and forecast, by distribution channel, 2017 - 2030 (USD Million)
7.3.4. UK
7.3.4.1. Market estimates and forecast, 2017 - 2030 (USD Million)
7.3.4.2. Market estimates and forecast, by type, 2017 - 2030 (USD Million)
7.3.4.3. Market estimates and forecast, by distribution channel, 2017 - 2030 (USD Million)
7.3.5. Germany
7.3.5.1. Market estimates and forecast, 2017 - 2030 (USD Million)
7.3.5.2. Market estimates and forecast, by type, 2017 - 2030 (USD Million)
7.3.5.3. Market estimates and forecast, by distribution channel, 2017 - 2030 (USD Million)
7.4. Asia Pacific
7.4.1. Market estimates and forecast, 2017 - 2030 (USD Million)
7.4.2. Market estimates and forecast, by type, 2017 - 2030 (USD Million)
7.4.3. Market estimates and forecast, by distribution channel, 2017 - 2030 (USD Million)
7.4.4. China
7.4.4.1. Market estimates and forecast, 2017 - 2030 (USD Million)
7.4.4.2. Market estimates and forecast, by type, 2017 - 2030 (USD Million)
7.4.4.3. Market estimates and forecast, by distribution channel, 2017 - 2030 (USD Million)
7.4.5. Japan
7.4.5.1. Market estimates and forecast, 2017 - 2030 (USD Million)
7.4.5.2. Market estimates and forecast, by type, 2017 - 2030 (USD Million)
7.4.5.3. Market estimates and forecast, by distribution channel, 2017 - 2030 (USD Million)
7.4.6. India
7.4.6.1. Market estimates and forecast, 2017 - 2030 (USD Million)
7.4.6.2. Market estimates and forecast, by type, 2017 - 2030 (USD Million)
7.4.6.3. Market estimates and forecast, by distribution channel, 2017 - 2030 (USD Million)
7.4.7. Indonesia
7.4.7.1. Market estimates and forecast, 2017 - 2030 (USD Million)
7.4.7.2. Market estimates and forecast, by type, 2017 - 2030 (USD Million)
7.4.7.3. Market estimates and forecast, by distribution channel, 2017 - 2030 (USD Million)
7.5. Central & South America
7.5.1. Market estimates and forecast, 2017 - 2030 (USD Million)
7.5.2. Market estimates and forecast, by type, 2017 - 2030 (USD Million)
7.5.3. Market estimates and forecast, by distribution channel, 2017 - 2030 (USD Million)
7.5.4. Brazil
7.5.4.1. Market estimates and forecast, 2017 - 2030 (USD Million)
7.5.4.2. Market estimates and forecast, by type, 2017 - 2030 (USD Million)
7.5.4.3. Market estimates and forecast, by distribution channel, 2017 - 2030 (USD Million)
7.5.5. Honduras
7.5.5.1. Market estimates and forecast, 2017 - 2030 (USD Million)
7.5.5.2. Market estimates and forecast, by type, 2017 - 2030 (USD Million)
7.5.5.3. Market estimates and forecast, by distribution channel, 2017 - 2030 (USD Million)
7.6. Middle East & Africa
7.6.1. Market estimates and forecast, 2017 - 2030 (USD Million)
7.6.2. Market estimates and forecast, by type, 2017 - 2030 (USD Million)
7.6.3. Market estimates and forecast, by distribution channel, 2017 - 2030 (USD Million)
7.6.4. UAE
7.6.4.1. Market estimates and forecast, 2017 - 2030 (USD Million)
7.6.4.2. Market estimates and forecast, by type, 2017 - 2030 (USD Million)
7.6.4.3. Market estimates and forecast, by distribution channel, 2017 - 2030 (USD Million)
7.6.5. South Africa
7.6.5.1. Market estimates and forecast, 2017 - 2030 (USD Million)
7.6.5.2. Market estimates and forecast, by type, 2017 - 2030 (USD Million)
7.6.5.3. Market estimates and forecast, by distribution channel, 2017 - 2030 (USD Million)

Chapter 8. Competitive Analysis

8.1. Recent developments & impact analysis, by key market participants
8.2. Company Categorization
8.3. Participant’s Overview
8.4. Financial Performance
8.5. Product Benchmarking
8.6. Company Market Share Analysis, 2022 (%)
8.7. Company Heat Map Analysis
8.8. Strategy Mapping
8.9. List of key companies analyzed in this section include
8.9.1. Scandinavian Tobacco Group A/S (General Cigars)
8.9.2. Gurkha Cigar Group
8.9.3. Davidoff of Geneva USA
8.9.4. Fuente Marketing Ltd
8.9.5. Piloto Cigars Inc. (Padrón Cigars)
8.9.6. Royal Danish Cigars
8.9.7. Montecristo
8.9.8. Tatuaje Cigars, Inc.
8.9.9. My Father Cigars, Inc.
8.9.10. Daniel Marshall

List of Tables

Table 1 Hand rolled luxury cigar market estimates and forecast, for men, 2017 - 2030 (USD Million)
Table 2 Machine rolled luxury cigar market estimates and forecast, 2017 - 2030 (USD Million)
Table 3 Luxury cigar market estimates and forecast through online distribution channel, 2017 - 2030 (USD Million)
Table 4 Luxury cigar market estimates and forecast through offline distribution channel, 2017 - 2030 (USD Million)
Table 5 North America luxury cigar market estimates and forecast, 2017 - 2030 (USD Million)
Table 6 North America luxury cigar market estimates and forecast, by type, 2017 - 2030 (USD Million)
Table 7 North America luxury cigar market estimates and forecast, by distribution channel, 2017 - 2030 (USD Million)
Table 8 U.S. luxury cigar market estimates and forecast, 2017 - 2030 (USD Million)
Table 9 U.S. luxury cigar market estimates and forecast, by type, 2017 - 2030 (USD Million)
Table 10 U.S. luxury cigar market estimates and forecast, by distribution channel, 2017 - 2030 (USD Million)
Table 11 Canada luxury cigar market estimates and forecast, 2017 - 2030 (USD Million)
Table 12 Canada luxury cigar market estimates and forecast, by type, 2017 - 2030 (USD Million)
Table 13 Canada luxury cigar market estimates and forecast, by size, 2017 - 2030 (USD Million)
Table 14 Mexico luxury cigar market estimates and forecast, 2017 - 2030 (USD Million)
Table 15 Mexico luxury cigar market estimates and forecast, by type, 2017 - 2030 (USD Million)
Table 16 Mexico luxury cigar market estimates and forecast, by size, 2017 - 2030 (USD Million)
Table 17 Europe luxury cigar market estimates and forecast, 2017 - 2030 (USD Million)
Table 18 Europe luxury cigar market estimates and forecast, by type, 2017 - 2030 (USD Million)
Table 19 Europe luxury cigar market estimates and forecast, by distribution channel, 2017 - 2030 (USD Million)
Table 20 Germany luxury cigar market estimates and forecast, 2017 - 2030 (USD Million)
Table 21 Germany luxury cigar market estimates and forecast, by type, 2017 - 2030 (USD Million)
Table 22 Germany luxury cigar market estimates and forecast, by distribution channel, 2017 - 2030 (USD Million)
Table 23 UK luxury cigar market estimates and forecast, 2017 - 2030 (USD Million)
Table 24 UK luxury cigar market estimates and forecast, by type, 2017 - 2030 (USD Million)
Table 25 UK luxury cigar market estimates and forecast, by distribution channel, 2017 - 2030 (USD Million)
Table 26 Asia Pacific luxury cigar market estimates and forecast, 2017 - 2030 (USD Million)
Table 27 Asia Pacific luxury cigar market estimates and forecast, by type, 2017 - 2030 (USD Million)
Table 28 Asia Pacific luxury cigar market estimates and forecast, by distribution channel, 2017 - 2030 (USD Million)
Table 29 China luxury cigar market estimates and forecast, 2017 - 2030 (USD Million)
Table 30 China luxury cigar market estimates and forecast, by type, 2017 - 2030 (USD Million)
Table 31 China luxury cigar market estimates and forecast, by distribution channel, 2017 - 2030 (USD Million)
Table 32 UK luxury cigar market estimates and forecast, 2017 - 2030 (USD Million)
Table 33 India luxury cigar market estimates and forecast, by type, 2017 - 2030 (USD Million)
Table 34 India luxury cigar market estimates and forecast, by distribution channel, 2017 - 2030 (USD Million)
Table 35 Japan luxury cigar market estimates and forecast, 2017 - 2030 (USD Million)
Table 36 Japan luxury cigar market estimates and forecast, by type, 2017 - 2030 (USD Million)
Table 37 Japan luxury cigar market estimates and forecast, by distribution channel, 2017 - 2030 (USD Million)
Table 38 Indonesia luxury cigar market estimates and forecast, 2017 - 2030 (USD Million)
Table 39 Indonesia luxury cigar market estimates and forecast, by type, 2017 - 2030 (USD Million)
Table 40 Indonesia luxury cigar market estimates and forecast, by distribution channel, 2017 - 2030 (USD Million)
Table 41 Central & South America luxury cigar market estimates and forecast, 2017 - 2030 (USD Million)
Table 42 Central & South America luxury cigar market estimates and forecast, by type, 2017 - 2030 (USD Million)
Table 43 Central & South America luxury cigar market estimates and forecast, by distribution channel, 2017 - 2030 (USD Million)
Table 44 Brazil luxury cigar market estimates and forecast, 2017 - 2030 (USD Million)
Table 45 Brazil luxury cigar market estimates and forecast, by type, 2017 - 2030 (USD Million)
Table 46 Brazil luxury cigar market estimates and forecast, by distribution channel, 2017 - 2030 (USD Million)
Table 47 Honduras luxury cigar market estimates and forecast, 2017 - 2030 (USD Million)
Table 48 Honduras luxury cigar market estimates and forecast, by type, 2017 - 2030 (USD Million)
Table 49 Honduras luxury cigar market estimates and forecast, by distribution channel, 2017 - 2030 (USD Million)
Table 50 Middle East & Africa luxury cigar market estimates and forecast, 2017 - 2030 (USD Million)
Table 51 Middle East & Africa luxury cigar market estimates and forecast, by type, 2017 - 2030 (USD Million)
Table 52 Middle East & Africa luxury cigar market estimates and forecast, by distribution channel, 2017 - 2030 (USD Million)
Table 53 South Africa luxury cigar market estimates and forecast, 2017 - 2030 (USD Million)
Table 54 South Africa luxury cigar market estimates and forecast, by type, 2017 - 2030 (USD Million)
Table 55 South Africa luxury cigar market estimates and forecast, by distribution channel, 2017 - 2030 (USD Million)
Table 56 UAE luxury cigar market estimates and forecast, 2017 - 2030 (USD Million)
Table 57 UAE luxury cigar market estimates and forecast, by type, 2017 - 2030 (USD Million)
Table 58 UAE luxury cigar market estimates and forecast, by distribution channel, 2017 - 2030 (USD Million)
Table 59 Luxury cigars market: Company Categorization
Table 60 Luxury cigars market: Company market share (%) analysis, 2022

List of Figures

Fig. 1 Luxury cigar market segmentation
Fig. 2 Information procurement
Fig. 3 Primary research pattern
Fig. 4 Primary research approaches
Fig. 5 Primary research process
Fig. 6 Market Snapshot
Fig. 7 Segment Snapshot
Fig. 8 Competitive Landscape Snapshot
Fig. 9 Global luxury cigar market - penetration & growth prospect mapping
Fig. 10 Luxury cigar market- Industry value chain analysis
Fig. 11 Luxury cigar market profit margin analysis
Fig. 12 Luxury cigar market dynamics
Fig. 13 Import units of cigars in the U.S. (Millions)
Fig. 14 Luxury cigar market: Porter’s five forces analysis
Fig. 15 Roadmap of luxury cigar market
Fig. 16 Demographic characteristics of individuals who smoked premium cigars in the past 30 days, U.S., 2019 NSDUH
Fig. 17 Percentage of U.S. adults who smoked cigars in 2021
Fig. 18 Demographic characteristics of individuals who smoked premium cigars in the past 30 days, 2019, NSDUH
Fig. 19 Factors affecting buying decisions for luxury cigars
Fig. 20 Frequency of premium cigar smoking, U.S.
Fig. 21 Luxury cigars market, by type: Key takeaways
Fig. 22 Luxury cigars market, by type: Market share, 2022 & 2030
Fig. 23 Luxury cigars market, by distribution channel: Key takeaways
Fig. 24 Luxury cigars market, by distribution channel: Market share, 2022 & 2030
Fig. 25 Luxury cigar market: Regional share (%) analysis, 2022 & 2030 (USD Million)
Fig. 26 Top selling cigar sizes in America
Fig. 27 Luxury Cigars market: Company market share (%) analysis, 2022

Companies Profiled

Scandinavian Tobacco Group A/S (General Cigars)
Gurkha Cigar Group
Davidoff of Geneva USA
Fuente Marketing Ltd
Piloto Cigars Inc. (Padrón Cigars)
Royal Danish Cigars
Montecristo
Tatuaje Cigars, Inc.
My Father Cigars, Inc.
Daniel Marshall

Methodology

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Table Information

Report Attribute	Details
No. of Pages	100
Published	November 2023
Forecast Period	2022 - 2030
Estimated Market Value ( USD ) in 2022	$ 13.34 Billion
Forecasted Market Value ( USD ) by 2030	$ 23.27 Billion
Compound Annual Growth Rate	7.2%
Regions Covered	Global
No. of Companies Mentioned	10

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Luxury Cigar Market Size, Share & Trends Analysis Report by Type (Hand Rolled, Machine Rolled), Distribution Channel (Online, Offline), Region, and Segment Forecasts, 2023-2030

Luxury Cigar Market Report Highlights

Table of Contents

Companies Profiled

Methodology

Table Information

Luxury Cigar Market Report Highlights

Table of Contents

Companies Profiled

Methodology

Table Information

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About the Luxury Cigar Market