Cigars

Cigars

Global Cigars Market to Reach US$94.7 Billion by 2030

The global market for Cigars estimated at US$54.4 Billion in the year 2023, is expected to reach US$94.7 Billion by 2030, growing at a CAGR of 8.3% over the analysis period 2023-2030. Conventional Cigars, one of the segments analyzed in the report, is expected to record a 10.5% CAGR and reach US$78.1 Billion by the end of the analysis period. Growth in the Premium Cigars segment is estimated at 0.9% CAGR over the analysis period.

The U.S. Market is Estimated at US$14.2 Billion While China is Forecast to Grow at 11.6% CAGR

The Cigars market in the U.S. is estimated at US$14.2 Billion in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$21.9 Billion by the year 2030 trailing a CAGR of 11.6% over the analysis period 2023-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 5.1% and 6.5% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 6.5% CAGR.

Global Cigars Market - Key Trends and Drivers Summarized

Cigars, enjoyed by millions worldwide, offer a sophisticated and deeply personal smoking experience that resonates with a rich array of flavors and a distinct sense of relaxation and special occasion. The appreciation for cigars extends beyond simple consumption to become a part of personal and cultural rituals, where they are often associated with relaxation, celebration, and moments of achievement. The slow, intentional draws required to smoke a cigar encourage a meditative focus, while the nicotine enhances mood and sharpens focus, making cigars a popular choice for unwinding and reflection. This ritualistic aspect of cigar smoking, where each puff is savored and each moment valued, aligns perfectly with the broader desires for a contemplative and luxurious experience in today’s fast-paced world.

The traditional and cultural significance of cigar smoking enhances its appeal, linking it to a rich historical tapestry that adds depth to the smoking experience. Many smokers view cigars not just as products but as a link to cultural heritage and family history, adding a layer of personal meaning to each smoke. This historical aspect is complemented by the social and celebratory nature of cigar smoking, often marked by special occasions like weddings, birthdays, or promotions, which embed cigars deeply in various cultural norms and practices. Moreover, cigars are seen as symbols of status and sophistication, which further drives their popularity among those seeking to project an image of success and taste.

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.

 

 

Select Competitors (Total 132 Featured) -

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

Please note: Reports are sold as single-site single-user licenses. Electronic versions require 24-48 hours as each copy is customized to the client with digital controls and custom watermarks. The Publisher uses digital controls protecting against copying and printing is restricted to one full copy to be used at the same location.

The latest version of Adobe Acrobat Reader is required to view the report. Upon ordering an electronic version, the Publisher will provide a link to download the purchased report.

Prior to fulfillment of an order, the client will be required to sign a document detailing the purchase terms for a publication from this publisher.