IMARC Group's latest research report, titled "Cigars and Cigarillos Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2024-2032", offers a comprehensive analysis of the cigars and cigarillos market share. The report also includes competitor and regional analysis, along with a breakdown of segments within the industry. The global cigars and cigarillos market size is expected to exhibit a growth rate (CAGR) of 2.74% during 2024-2032.
Cigars and Cigarillos Market Trends:
The rising demand for premium and handcrafted cigars is driving the global market. Moreover, the growing trend of social smoking, particularly in emerging markets, is fueling the demand for cigars and cigarillos. Furthermore, the increasing popularity of cigar lounges and clubs has created a conducive environment for market growth. Additionally, the expanding distribution channels, including online platforms, are enhancing the accessibility and availability of these products. Besides, the diversification of flavors and the introduction of innovative products are attracting a broader consumer base. The rising disposable incomes in developing regions further support the demand for premium cigars. Moreover, the growing inclination towards cigar smoking as a status symbol and the rising influence of celebrity endorsements are also contributing to market growth. The increasing awareness of the cultural and historical significance of cigars is fostering a positive market environment.
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Cigars and Cigarillos Market Scope & Growth Analysis:
The scope of the market is broadening due to the diversification of product offerings, including organic and flavored variants, which appeal to a wider audience. Additionally, the adoption of advanced manufacturing techniques is improving product quality and consistency, thereby attracting discerning customers. The market is also experiencing growth due to the increasing number of specialty tobacco shops and lounges that enhance the retail experience for consumers. Furthermore, the expansion of the market into untapped regions, particularly in Asia-Pacific and Latin America, is presenting new growth opportunities. Moreover, the growing interest in cigar tourism, where enthusiasts travel to experience cigar culture in different regions, is adding a unique dimension to the market. The integration of cigars and cigarillos into various cultural and social events is another factor broadening the market scope, making these products more mainstream. The increasing investment in marketing and promotional activities by leading brands is further propelling market expansion. The rising consumer awareness regarding the artisanal and craftsmanship aspects of cigars is likely to sustain the market's growth trajectory.
Competitive Landscape with Key Players:
- Altadis USA Inc. (Imperial Brands Plc)
- Arnold André GmbH & Co. KG
- Dosal Tobacco Corporation
- Drew Estate LLC
- Gurkha Cigar Group Inc.
- Habanos S.A.
- J. Cortes Cigars
- Joh.Wilh. von Eicken GmbH
- John Middleton Inc. (Altria Group Inc.)
- JT International AG (Japan Tobacco Inc.)
- Oettinger Davidoff AG
- Scandinavian Tobacco Group A/S
- Swedish Match AB
- Swisher International Inc.
Key Market Segmentation:
Breakup by Category:
- Cigar
- Parejo
- Figurado
- Cigarillo
Breakup by Type:
- Mass
- Premium
Breakup by Flavour:
- Tobacco/No Flavour
- Fruit and Candy
- Mint and Menthol
- Chocolate and Vanilla
- Others
Breakup by Size:
- 3.01-4 inch
- 4.01-5 inch
- 5.01-6 inch
- 6.01-7 inch
- 7.01 inch and Above
Breakup by End User:
- Men
- Women
Breakup by Distribution Channel:
- Tobacco Shops
- Supermarkets and Hypermarkets
- Convenience Stores
- Online Stores
- Others
Breakup by Region:
- North America (United States, Canada)
- Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
- Europe (Germany, France, United Kingdom, Italy, Spain, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)
Key Highlights of the Report:
- Market Performance
- Market Outlook
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
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