Global Cigars Market Growth 2023-2029

Global Cigars Market Growth 2023-2029

A cigar is a tightly-rolled bundle of dried and fermented tobacco leaf, rolled in a series of types and sizes, which is ignited so that its smoke may be drawn into the mouth.

LPI (LP Information)' newest research report, the “Cigars Industry Forecast” looks at past sales and reviews total world Cigars sales in 2022, providing a comprehensive analysis by region and market sector of projected Cigars sales for 2023 through 2029. With Cigars sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Cigars industry.

This Insight Report provides a comprehensive analysis of the global Cigars landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Cigars portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Cigars market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Cigars and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Cigars.

The global Cigars market size is projected to grow from US$ 16430 million in 2022 to US$ 19660 million in 2029; it is expected to grow at a CAGR of 19660 from 2023 to 2029.

The key drivers of this market include the addition of smokers to inhale and cigars are considered superior than cigarettes due to lower levels of nicotine. Rising middle class, culture shift and affluent life style are among other driving forces in cigar consumption. Restraining factors could be plethora of government regulations and ban on tobacco production and consumption in several countries. In addition growing health concerns and aging of population act as another major restrains to consumption of Cigar. Major distribution channels are supermarkets, speciality stores and departmental stores.

This report presents a comprehensive overview, market shares, and growth opportunities of Cigars market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:

Segmentation by type
Large Cigar
Cigarillo
Little Cigars

Segmentation by application
Women
Men

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Global Premium Cigars
Tabacalera Incorporada
Graycliff
Cigars International
Davidoff

Key Questions Addressed in this Report

What is the 10-year outlook for the global Cigars market?

What factors are driving Cigars market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Cigars market opportunities vary by end market size?

How does Cigars break out type, application?

What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.