Cigars - Global Strategic Business Report

The global market for Cigars is estimated at US$54.4 Billion in 2023 and is projected to reach US$94.7 Billion by 2030, growing at a CAGR of 8.3% from 2023 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions.

Several factors drive the growth of the global cigar market, including the rich flavor profiles that appeal to both connoisseurs and casual smokers and the symbol of status and luxury that cigars represent. Additionally, the cultural and historical significance of cigars encourages new smokers to adopt this tradition, often passed down through generations. The social experiences associated with cigar smoking, often conducted in groups at special events or in cigar lounges, also contribute significantly to its popularity. Moreover, market expansion and accessibility, facilitated by online retail and global shipping, allow smokers to access a wide variety of cigars, broadening the consumer base. Innovations in cigar manufacturing, such as the use of hybrid tobaccos and new curing techniques, continually improve the quality and variety of cigars, attracting a diverse audience eager to experience novel flavors and blends.

Key Insights:

• Market Growth: Understand the significant growth trajectory of the Conventional Cigars segment, which is expected to reach US$78.1 Billion by 2030 with a CAGR of a 10.5%. The Premium Cigars segment is also set to grow at 0.9% CAGR over the analysis period.
• Regional Analysis: Gain insights into the U.S. market, estimated at $14.2 Billion in 2023, and China, forecasted to grow at an impressive 11.6% CAGR to reach $21.9 Billion by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.

Why You Should Buy This Report:

• Detailed Market Analysis: Access a thorough analysis of the Global Cigars Market, covering all major geographic regions and market segments.
• Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
• Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global Cigars Market.
• Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.

Key Questions Answered:

• How is the Global Cigars Market expected to evolve by 2030?
• What are the main drivers and restraints affecting the market?
• Which market segments will grow the most over the forecast period?
• How will market shares for different regions and segments change by 2030?
• Who are the leading players in the market, and what are their prospects?

Report Features:

• Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2023 to 2030.
• In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
• Company Profiles: Coverage of major players such as Altadis SA, Habanos SA Corporation, John Middleton Co.,, and more.
• Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.

Select Competitors (Total 132 Featured):

• Altadis SA
• Habanos SA Corporation
• John Middleton Co.,
• Royal Agio Cigars
• Scandinavian Tobacco Group
• Swedish Match
• Swisher International, Inc.