Global Cigar Market Size study & Forecast, by Product (Conventional Cigar, Premium Cigar), by Distribution Channel (Online, Offline) and Regional Analysis, 2023-2030

Global Cigar Market Size study & Forecast, by Product (Conventional Cigar, Premium Cigar), by Distribution Channel (Online, Offline) and Regional Analysis, 2023-2030

Global Cigar Market is valued at approximately USD XX billion in 2022 and is anticipated to grow with a healthy growth rate of more than XX% over the forecast period 2023-2030. Cigar caters to a diverse range of consumers, including enthusiasts, occasional smokers, and those who enjoy cigars as a luxury or celebratory item. Cigars are often associated with relaxation, social gatherings, and special occasions. The market includes both domestic and international manufacturers and suppliers, with various brands and product offerings available to cater to different preferences and budgets. The major driving factors for the Global Cigar Market are consumer preferences and lifestyle and globalization of the cigar market. Moreover, rising sustainable and eco-friendly initiatives and rising cigar tourism are creating lucrative growth opportunities for the market over the forecast period 2023-2030.

Rising tabacco cultivation is driving the market growth. According to Indian Brand Equity Foundation, Approximately 0.45 million hectares of land in India are used for tobacco cultivation, making it one of the major tobacco-producing nations globally. India accounts for around 10% of the world's tobacco-growing land and contributes to 9% of global tobacco production. The country cultivates various types of tobacco, including flue-cured Virginia tobacco, burley tobacco, , country tobacco, bidi tobacco, hookah tobacco, Rustica tobacco, cigar-wrapped tobacco, burley tobacco, cheroot tobacco, oriental tobacco, and chewing tobacco. This diverse range of tobacco varieties caters to different market segments and consumer preferences. In terms of export, India has a significant presence in the global tobacco market. According to the Ministry of Commerce and Industry, in year 2021-2022 India has exported tobacco amounting to USD 923.22 million. This highlights the country's role as a major player in the international tobacco trade. However, the side effects associated with cigar stifles market growth throughout the forecast period of 2023-2030.

The key regions considered for the Global Cigar Market study includes Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. North America represents a significant market for cigars, with the United States being a major consumer. The region has a strong cigar culture, with a variety of premium and handmade cigars available. The demand for cigars in North America is driven by factors such as social and celebratory occasions, lifestyle choices, and the presence of cigar lounges and clubs. The Asia-Pacific region is experiencing growth in the cigar market, driven by increasing disposable incomes, changing lifestyles, and a growing appreciation for premium cigars. Countries such as China, Japan, and South Korea have witnessed a rise in cigar consumption, with a preference for premium and luxury brands. The region's market is influenced by factors such as regulations on tobacco products, cultural attitudes towards smoking, and the presence of upscale cigar lounges.

Major market player included in this report are:
Imperial Brands PLC
Scandinavian Tobacco Group A/S
Habanos S.A.
Altadis U.S.A.
Davidoff of Geneva USA
General Cigar Co. Inc.
Oettinger Davidoff AG
Swisher International, Inc.
Drew Estate Cigars
J.C. Newman Cigar Co.

Recent Developments in the Market:
In November 2022, Churchills unveiled its latest line of cigars, named ""Chesa Veglia,"" which is set to be launched in Phuket on November 4, 2022. The introduction of this new range reflects Churchills' commitment to expanding its product offerings and catering to the preferences of cigar enthusiasts.
In March 2022, The Forged Cigar Company, under Scandinavian Tobacco Group AS (STG), announced its strategic initiative to enhance its presence in the American market. The company outlined its plans to expand its customer base by opening 6-8 additional superstores by the period of 2022-2023.

Global Cigar Market Report Scope:
Historical Data – 2020 - 2021
Base Year for Estimation – 2022
Forecast period - 2023-2030
Report Coverage - Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered - Product, Distribution Channel, Region
Regional Scope - North America; Europe; Asia Pacific; Latin America; Middle East & Africa

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players.

The detailed segments and sub-segment of the market are explained below:

By Product:
Conventional Cigar
Premium Cigar

By Distribution Channel:
Online
Offline

By Region:

North America
U.S.
Canada

Europe
UK
Germany
France
Spain
Italy
ROE

Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC

Latin America
Brazil
Mexico

Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa

Companies Mentioned
Imperial Brands PLC
Scandinavian Tobacco Group A/S
Habanos S.A.
Altadis U.S.A.
Davidoff of Geneva USA
General Cigar Co. Inc.
Oettinger Davidoff AG
Swisher International, Inc.
Drew Estate Cigars
J.C. Newman Cigar Co.

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