Global Cigar and Cigarillo Market

Report ID : 1464 | Published : 2022-11-24 | Pages: | Format: PDF/EXCEL

The market size of the Global Cigar and Cigarillo Market in the year 2021 is valued at 20.06 billion and is predicted to reach 28.0 billion by the year 2030 at an 3.98% CAGR during the forecast period.

Cigars and Cigarillos are rolled tobacco cigarettes that are coated in leaf tobacco. Cigarillos, cigars, and small cigars are the three basic types of cigars on the market. Cigar smoking is more common among young adults who consume tobacco products. The growing number of cigar parlors and lounges, particularly in developed countries, is projected to fuel market expansion soon. Growing demand for cigar brands, particularly among women, is prompting manufacturers to create luxury cigars; this factor is expected to drive Cigars & Cigarillos market growth throughout the forecast period. The increased launch of innovative cigar products will likely boost Cigars & Cigarillo's market growth over the forecast period. To disguise the unpleasant taste of tobacco, numerous flavours such as wine, tea, chocolate, and vanilla are being introduced, increasing demand among young users. Flavoured cigars are the most popular type of premium cigar.

The rising popularity of smoking has influenced youth demand for cigars and cigarillos. The growing number of cigar and cigarillo smokers around the world, owing to peer pressure and changing lifestyles, is primarily driving cigar and cigarillo market growth. As a result, increased cigar product consumption will likely drive cigar and cigarillo market growth over the forecast period. An increase in collaborations among new market competitors to address the increased demand for cigars is predicted to accelerate market growth.

Market Segmentation:

The cigar and cigarillo market is segmented on the product type, flavor, price range and sales channel. Based on product type, the cigar and cigarillo market is segmented into cigars, cigarillos and little cigars. Based on flavor, the cigar and cigarillo market is segmented into fruit/candy, mint/menthol, chocolate and Others. Based on the price range, the cigar and cigarillo market is segmented into premium and mass. Based on sales channels, the cigar and cigarillo market is segmented as direct sales, cigar specialty stores, hypermarkets/supermarkets, online retailers, and other sales channels.

Based on flavour, the fruit segment is a major contributor to the Cigar and cigarillo market.

Fruit based segment is expected to hold the largest share of the market. The most popular flavor among consumers is fruit-based; nevertheless, there has been a considerable increase in sales of other flavors, such as tea, wine, vanilla, and jazz, among others, in recent years. This expansion is projected to be fueled by the increased popularity of taste products among young customers. Flavor items are also predicted to gain popularity with female consumers.

The mass segment witnessed growth at a rapid rate.

The mass segment grabbed the highest revenue share, and it is anticipated that it will continue to hold that position during the anticipated time. Young people enjoy large numbers of mass-produced cigars and young people like large numbers of mass-produced cigars. Those in the mass-produced category are machine-made and less expensive than products in the premium category. As a result, young consumers, exceptionally high school students, prefer mass-produced goods. Products in this category are available in various flavors, including mint, chocolate, menthol, and vanilla, and demand is growing. These factors are propelling the cigar and cigarillo market segment expansion.

The North American cigar and cigarillo market holds a significant regional revenue share.

The North American cigar and cigarillo market are expected to register the highest market share in revenue shortly. Rising trends in cigar and cigarillos lounges in the country likely drive market expansion in this region. The rising disposable income has altered consumer purchasing and spending habits, particularly in cities. Cigarette taxation is also boosting the development of the cigar and cigarillo sector in American markets. Besides, Asia Pacific had a significant share in the cigar and cigarillo market because of the increased demand for premium cigars from luxury hotels and bars. Furthermore, the increase in youthful population purchasing power in emerging countries is favorably affecting the growth of the cigar and cigarillos market in this region.

Competitive Landscape

Some major key players in the Cigar and cigarillo market are "Scandinavian Tobacco Group A/S, Imperial Brands, Habanos S.A, Drew Estate LLC., Swisher International, Inc., Oettinger Davidoff AG, Swedish Match AB, Agio Cigars, Gurkha Cigars, El Artista Cigars, Arnold André GmbH & Co. KG, Dosal Tobacco Corporation, Oettinger Davidoff AG, Others.

Chapter 1. Methodology and Scope

1.1. Research Methodology

1.2. Research Scope & Assumptions

Chapter 2. Executive Summary

Chapter 3. Global Cigar & Cigarillo Market Snapshot

Chapter 4. Global Cigar & Cigarillo Market Variables, Trends & Scope

4.1. Market Segmentation & Scope

4.2. Drivers

4.3. Challenges

4.4. Trends

4.5. Investment and Funding Analysis

4.6. Industry Analysis – Porter’s Five Forces Analysis

4.7. Competitive Landscape & Market Share Analysis

4.8. Impact of Covid-19 Analysis

Chapter 5. Market Segmentation 1: by Product Type Estimates & Trend Analysis

5.1. by Product Type & Market Share, 2019 & 2030

5.2. Market Size (Value (US$ Mn)) & Forecasts and Trend Analyses, 2019 to 2030 for the following by Product Type:

5.2.1. Cigars

5.2.2. Cigarillos

5.2.3. Little Cigars

Chapter 6. Market Segmentation 2: by Flavor Estimates & Trend Analysis

6.1. by Flavor & Market Share, 2019 & 2030

6.2. Market Size (Value (US$ Mn)) & Forecasts and Trend Analyses, 2019 to 2030 for the following by Flavor:

6.2.1. Fruit/Candy

6.2.2. Mint/Menthol

6.2.3. Chocolate

6.2.4. Others

Chapter 7. Market Segmentation 3: by Price Range Estimates & Trend Analysis

7.1. by Price Range & Market Share, 2019 & 2030

7.2. Market Size (Value (US$ Mn)) & Forecasts and Trend Analyses, 2019 to 2030 for the following by Price Range:

7.2.1. Premium

7.2.2. Mass

Chapter 8. Market Segmentation 4: by Sales Channel Estimates & Trend Analysis

8.1. by Sales Channel & Market Share, 2019 & 2030

8.2. Market Size (Value (US$ Mn)) & Forecasts and Trend Analyses, 2019 to 2030 for the following by Sales Channel:

8.2.1. Direct Sales

8.2.2. Cigar Specialty Stores

8.2.3. Hypermarkets/Supermarkets

8.2.4. Online Retailers

8.2.5. Other Sales Channels

Chapter 9. Cigar & Cigarillo Market Segmentation 5: Regional Estimates & Trend Analysis

9.1. North America

9.1.1. North America Cigar & Cigarillo Market Revenue (US$ Million) Estimates and Forecasts by Product Type, 2022-2030

9.1.2. North America Cigar & Cigarillo Market Revenue (US$ Million) Estimates and Forecasts by Flavor, 2022-2030

9.1.3. North America Cigar & Cigarillo Market Revenue (US$ Million) Estimates and Forecasts by Price Range, 2022-2030

9.1.4. North America Cigar & Cigarillo Market Revenue (US$ Million) Estimates and Forecasts by Sales Channel, 2022-2030

9.1.5. North America Cigar & Cigarillo Market Revenue (US$ Million) Estimates and Forecasts by country, 2022-2030

9.2. Europe

9.2.1. Europe Cigar & Cigarillo Market Revenue (US$ Million) Estimates and Forecasts by Product Type, 2022-2030

9.2.2. Europe Cigar & Cigarillo Market Revenue (US$ Million) Estimates and Forecasts by Flavor, 2022-2030

9.2.3. Europe Cigar & Cigarillo Market Revenue (US$ Million) Estimates and Forecasts by Price Range, 2022-2030

9.2.4. Europe Cigar & Cigarillo Market Revenue (US$ Million) Estimates and Forecasts by Sales Channel, 2022-2030

9.2.5. Europe Cigar & Cigarillo Market Revenue (US$ Million) Estimates and Forecasts by country, 2022-2030

9.3. Asia Pacific

9.3.1. Asia Pacific Cigar & Cigarillo Market Revenue (US$ Million) Estimates and Forecasts by Product Type, 2022-2030

9.3.2. Asia Pacific Cigar & Cigarillo Market Revenue (US$ Million) Estimates and Forecasts by Flavor, 2022-2030

9.3.3. Asia-Pacific Cigar & Cigarillo Market Revenue (US$ Million) Estimates and Forecasts by Price Range, 2022-2030

9.3.4. Asia-Pacific Cigar & Cigarillo Market Revenue (US$ Million) Estimates and Forecasts by Sales Channel, 2022-2030

9.3.5. Asia Pacific Cigar & Cigarillo Market Revenue (US$ Million) Estimates and Forecasts by country, 2022-2030

9.4. Latin America

9.4.1. Latin America Cigar & Cigarillo Market Revenue (US$ Million) Estimates and Forecasts by Product Type, 2022-2030

9.4.2. Latin America Cigar & Cigarillo Market Revenue (US$ Million) Estimates and Forecasts by Flavor, 2022-2030

9.4.3. Latin America Cigar & Cigarillo Market Revenue (US$ Million) Estimates and Forecasts by Price Range, 2022-2030

9.4.4. Latin America Cigar & Cigarillo Market Revenue (US$ Million) Estimates and Forecasts by Sales Channel, 2022-2030

9.4.5. Latin America Cigar & Cigarillo Market Revenue (US$ Million) Estimates and Forecasts by country, 2022-2030

9.5. Middle East & Africa

9.5.1. Middle East & Africa Cigar & Cigarillo Market Revenue (US$ Million) Estimates and Forecasts by Product Type, 2022-2030

9.5.2. Middle East & Africa Cigar & Cigarillo Market Revenue (US$ Million) Estimates and Forecasts by Flavor, 2022-2030

9.5.3. Middle East & Africa Cigar & Cigarillo Market Revenue (US$ Million) Estimates and Forecasts by Price Range, 2022-2030

9.5.4. Middle East & Africa Cigar & Cigarillo Market Revenue (US$ Million) Estimates and Forecasts by Sales Channel, 2022-2030

9.5.5. Middle East & Africa Cigar & Cigarillo Market Revenue (US$ Million) Estimates and Forecasts by country, 2022-2030

Chapter 10. Competitive Landscape

10.1. Major Mergers and Acquisitions/Strategic Alliances

10.2. Company Profiles

10.2.1. Scandinavian Tobacco Group A/S.

10.2.2. Imperial Brands

10.2.3. Habanos S.A.

10.2.4. Drew Estate LLC.

10.2.5. Swisher International, Inc.

10.2.6. Oettinger Davidoff AG

10.2.7. Swedish Match AB

10.2.8. Agio Cigars

10.2.9. Gurkha Cigars

10.2.10. El Artista Cigars

10.2.11. Arnold André GmbH & Co. KG

10.2.12. Dosal Tobacco Corporation

10.2.13. Oettinger Davidoff AG

10.2.14. Other Prominent Players

By Product

  • Cigars
  • Cigarillos
  • Little Cigars

By Flavor

  •  
  • Fruit/Candy
  • Mint/Menthol
  • Chocolate
  • Others

By Price Range

  • Premium
  • Mass

 

By Sales Channel

  • Direct Sales
  • Cigar Specialty Stores
  • Hypermarkets/Supermarkets
  • Online Retailers
  • Other Sales Channels

By Region-

North America-

  • The US
  • Canada
  • Mexico

Europe-

  • Germany
  • The UK
  • France
  • Italy
  • Spain
  • Rest of Europe

Asia-Pacific-

  • China
  • Japan
  • India
  • South Korea
  • South East Asia
  • Rest of Asia Pacific

Latin America-

  • Brazil
  • Argentina
  • Rest of Latin America

 Middle East & Africa-

  • GCC Countries
  • South Africa

Rest of Middle East and Africa

InsightAce Analytic follows a standard and comprehensive market research methodology focused on offering the most accurate and precise market insights. The methods followed for all our market research studies include three significant steps – primary research, secondary research, and data modeling and analysis - to derive the current market size and forecast it over the forecast period. In this study, these three steps were used iteratively to generate valid data points (minimum deviation), which were cross-validated through multiple approaches mentioned below in the data modeling section.

Through secondary research methods, information on the market under study, its peer, and the parent market was collected. This information was then entered into data models. The resulted data points and insights were then validated by primary participants.

Based on additional insights from these primary participants, more directional efforts were put into doing secondary research and optimize data models. This process was repeated till all data models used in the study produced similar results (with minimum deviation). This way, this iterative process was able to generate the most accurate market numbers and qualitative insights.

Secondary research

The secondary research sources that are typically mentioned to include, but are not limited to:

  • Company websites, financial reports, annual reports, investor presentations, broker reports, and SEC filings.
  • External and internal proprietary databases, regulatory databases, and relevant patent analysis
  • Statistical databases, National government documents, and market reports
  • Press releases, news articles, and webcasts specific to the companies operating in the market

The paid sources for secondary research like Factiva, OneSource, Hoovers, and Statista

Primary Research:

Primary research involves telephonic interviews, e-mail interactions, as well as face-to-face interviews for each market, category, segment, and subsegment across geographies

The contributors who typically take part in such a course include, but are not limited to: 

  • Industry participants: CEOs, CBO, CMO, VPs, marketing/ type managers, corporate strategy managers, and national sales managers, technical personnel, purchasing managers, resellers, and distributors.
  • Outside experts: Valuation experts, Investment bankers, research analysts specializing in specific markets
  • Key opinion leaders (KOLs) specializing in unique areas corresponding to various industry verticals
  • End-users: Vary mainly depending upon the market

Data Modeling and Analysis:

In the iterative process (mentioned above), data models received inputs from primary as well as secondary sources. But analysts working on these models were the key. They used their extensive knowledge and experience about industry and topic to make changes and fine-tuning these models as per the product/service under study.

The standard data models used while studying this market were the top-down and bottom-up approaches and the company shares analysis model. However, other methods were also used along with these – which were specific to the industry and product/service under study.

To know more about the research methodology used for this study, kindly contact us/click here.

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