Luxury Cigar Market Size- By Type, By Application, By Distribution Channel- Regional Outlook, Competitive Strategies and Segment Forecast to 2032
Global Luxury Cigar Market Overview
According to SPER Market Research, the Global Luxury Cigar Market is estimated to reach USD 27.47 billion by 2032 with a CAGR of 7.44%. Cigarillos are a smaller version of giant cigars, whereas cigars are large rolls of tobacco. Cigars are a symbol of wealth and success. As a result, smoking cigars and cigarillos is typically done to celebrate special occasions. To counter the powerful flavour of tobacco, companies also create cigarillos and cigars with more palatable flavours. The smoking habit has become well-known among young adults as well.
Impact of COVID-19 on the Global Luxury Cigar Market
A rise in high-end hotel amenities with upscale cigar lounges is predicted to have a beneficial impact on market expansion during the projection period. Additionally, it is anticipated that the market expansion would be accelerated by the increased cigarette consumption among millennials. The COVID-19 epidemic has had a negative impact on the cigarette industry. The shutdown of factories and stores as a result of a rigorous lockdown had severe effects.
Scope of the Report:
Report Metric Details
Market size available for years 2019-2032
Base year considered 2021
Forecast period 2022-2032
Segments covered By Type, By Application, By Distribution Channel.
Regions covered Asia-Pacific, Europe, Middle East and Africa, North America, Latin America
Companies Covered Altadis, Fuente Marketing Ltd, General Cigar, Gran Habano Cigars, Gurkha Cigar Group, Mayan Import, Regius Cigars Ltd, Rocky Patel Premium Cigars, Swisher, The Villiger Group
Global Luxury Cigar Market Segmentation:
By Type: Based on the Type, Global Luxury Cigar Market is segmented as; Hand Rolled, Machine Rolled.
By Application: Based on the Application, Global Luxury Cigar Market is segmented as; Female Smokers, Male Smokers
By Distribution Channel: Based on the End User, Global Luxury Cigar Market is segmented as; Offline, Online
- 1. Introduction
- 1.1. Scope of the report
- 1.2. Market segment analysis
- 2. Research Methodology
- 2.1 Research data source
- 2.1.1 Secondary data
- 2.1.2 Primary data
- 2.1.3 SPER’s internal database
- 2.1.4 Premium insight from KOL’s
- 2.2 Market size estimation
- 2.2.1 Top-down and Bottom-up approach
- 2.3 Data triangulation
- 3. Executive Summary
- 4. Market Dynamics
- 4.1. Driver, Restraint, Opportunity and Challenges analysis
- 4.1.1 Drivers
- 4.1.2 Restraints
- 4.1.3 Opportunities
- 4.1.4 Challenges
- 4.2. COVID-19 Impacts of the Global Luxury Cigar Market
- 5. Market variables and outlook
- 5.1. SWOT analysis
- 5.1.1 Strengths
- 5.1.2 Weaknesses
- 5.1.3 Opportunities
- 5.1.4 Threats
- 5.2. PESTEL analysis
- 5.2.1 Political landscape
- 5.2.2 Economic landscape
- 5.2.3 Social landscape
- 5.2.4 Technological landscape
- 5.2.5 Environmental landscape
- 5.2.6 Legal landscape
- 5.3. PORTER’S five forces analysis
- 5.3.1 Bargaining power of suppliers
- 5.3.2 Bargaining power of Buyers
- 5.3.3 Threat of Substitute
- 5.3.4 Threat of new entrant
- 5.3.5 Competitive rivalry
- 5.4. Heat map analysis
- 6. Competitive Landscape
- 6.1 Global Luxury Cigar Manufacturing Base Distribution, Sales Area, Product Type
- 6.2 Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Global Luxury Cigar Market
- 7. Global Luxury Cigar Market, By Type, 2019-2032 (USD Million)
- 7.1 Hand Rolled
- 7.2 Machine Rolled
- 8. Global Luxury Cigar Market, By Application, 2019-2032 (USD Million)
- 8.1 Female Smokers
- 8.2 Male Smokers
- 9. Global Luxury Cigar Market, By Distribution Channel, 2019-2032 (USD Million)
- 9.1 Offline
- 9.2 Online
- 10. Global Luxury Cigar Market, By Region, 2019-2032 (USD Million)
- 10.1 Global Luxury Cigar Market Size and Market Share by Region (2019-2025)
- 10.2 Global Luxury Cigar Market Size and Market Share by Region (2026-2032)
- 10.3 Asia-Pacific
- 10.3.1 Australia
- 10.3.2 China
- 10.3.3 India
- 10.3.4 Japan
- 10.3.5 South Korea
- 10.3.6 Rest of Asia-Pacific
- 10.4 Europe
- 10.4.1 France
- 10.4.2 Germany
- 10.4.3 Italy
- 10.4.4 Spain
- 10.4.5 United Kingdom
- 10.4.6 Rest of Europe
- 10.5 Middle East and Africa
- 10.5.1 Kingdom of Saudi Arabia
- 10.5.2 United Arab Emirates
- 10.5.3 Rest of Middle East & Africa
- 10.6 North America
- 10.6.1 Canada
- 10.6.2 Mexico
- 10.6.3 United States
- 10.7 Latin America
- 10.7.1 Argentina
- 10.7.2 Brazil
- 10.7.3 Rest of Latin America
- 11. Company Profiles
- 11.1 Altadis
- 11.1.1 Company details
- 11.1.2 Financial outlook
- 11.1.3 Product summary
- 11.1.4 Recent developments
- 11.2 Fuente Marketing Ltd
- 11.2.1 Company details
- 11.2.2 Financial outlook
- 11.2.3 Product summary
- 11.2.4 Recent developments
- 11.3 General Cigar
- 11.3.1 Company details
- 11.3.2 Financial outlook
- 11.3.3 Product summary
- 11.3.4 Recent developments
- 11.4 Gran Habano Cigars
- 11.4.1 Company details
- 11.4.2 Financial outlook
- 11.4.3 Product summary
- 11.4.4 Recent developments
- 11.5 Gurkha Cigar Group
- 11.5.1 Company details
- 11.5.2 Financial outlook
- 11.5.3 Product summary
- 11.5.4 Recent developments
- 11.6 Mayan Import
- 11.6.1 Company details
- 11.6.2 Financial outlook
- 11.6.3 Product summary
- 11.6.4 Recent developments
- 11.7 Regius Cigars Ltd
- 11.7.1 Company details
- 11.7.2 Financial outlook
- 11.7.3 Product summary
- 11.7.4 Recent developments
- 11.8 Rocky Patel Premium Cigars
- 11.8.1 Company details
- 11.8.2 Financial outlook
- 11.8.3 Product summary
- 11.8.4 Recent developments
- 11.9 Swisher
- 11.9.1 Company details
- 11.9.2 Financial outlook
- 11.9.3 Product summary
- 11.9.4 Recent developments
- 11.10 The Villiger Group
- 11.10.1 Company details
- 11.10.2 Financial outlook
- 11.10.3 Product summary
- 11.10.4 Recent developments
- 12. List of Abbreviations
- 13. Reference Links
- 14. Conclusion
- 15. Research Scope
Research Assistance
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