Introduction
The growth of the Cigar market is driven by the growing preference for premium cigars, rising disposable incomes, and the growing number of smoking occasions. Cigars are made from tobacco leaves that are rolled and wrapped in paper or tobacco leaf. Premium cigars are handmade, while mass-market cigars are machine-made. The global cigar market is segmented by product type, distribution channel, price point, and geography. The premium cigar segment accounted for the largest share of the global cigar market in 2021 and is expected to retain its leading position throughout the forecast period. The growth of this segment is attributed to the rising preference for premium cigars among smokers. The online segment is expected to witness the highest growth rate during the forecast period as online retailers offer a wide variety of cigars at competitive prices. North America held the largest share of the global cigar market in 2022, followed by Europe and Asia Pacific. The large share of North America can be attributed to the presence of a large number of manufacturers in the region
Market Overview
The global cigar market is expected to grow at a CAGR of around 4.3% during the forecast period.
Cigars are smokable tobacco products that are made up of rolled leaves of tobacco. They differ from cigarettes in terms of size and shape and are usually smoked for leisure. Cigars are generally categorized into three types, namely, premium cigars, mass-market cigars, and machine-made cigars.
The premium cigar segment is expected to grow at a faster pace during the forecast period owing to the rising disposable incomes and changing lifestyles of consumers. In addition, the growing popularity of online retailing is also providing a boost to the growth of this segment.
On the basis of product type, the global cigar market has been classified into long-filler cigars, short-filler cigars, and mixed-filler cigars. The long-filler cigar segment is expected to dominate the market during the forecast period as these cigars offer better flavor and smoking experience as compared to other types.
On the basis of distribution channels, the global cigar market has been classified into offline channels and online channels. The offline channel is further sub-segmented into specialty stores, supermarkets/hypermarkets, tobacconists, and others. The online channel is expected to grow at a faster pace during the forecast period owing to the growing preference for online shopping among consumers.
Market Drivers
There are a number of factors that are driving the global cigar market. Firstly, there has been an increase in the disposable income of consumers, particularly in emerging economies. This has resulted in more people being able to afford cigars. Secondly, there has been a growth in the number of women smokers. This is due to the fact that smoking is no longer seen as solely a male activity and women are now more likely to take up smoking. Thirdly, the health benefits of cigars have been widely publicized in recent years, with many people believing that they are less harmful than cigarettes. This has led to more people smoking cigars, as they see them as a healthier option. Finally, the popularity of cigar bars and clubs has also increased in recent years, providing people with a social setting in which to enjoy their cigars.
Market Challenges
The global cigar market is currently facing a number of challenges. Firstly, the market is highly fragmented, with a large number of small players competing for market share. This makes it difficult for any one player to gain a significant share of the market. Secondly, cigars are subject to strict regulation in many countries, which limits their growth potential. Finally, cigars are a luxury product and as such is sensitive to economic downturns. These challenges mean that the global cigar market is not growing as rapidly as some other sectors of the tobacco industry.
Market Trends
The global cigar market is on the rise, with opportunities for growth in both developed and emerging markets. The following trends are driving the market:
1. Increasing demand for premium cigars
As disposable incomes rise and consumers become more discerning, there is an increasing demand for premium cigars. This includes both hand-rolled and machine-made cigars, as well as those made with high-quality tobaccos.
2. Growing popularity of flavored cigars
Flavored cigars are becoming increasingly popular, especially among women and younger smokers. These cigars offer a sweeter taste and a more pleasant smoking experience.
3. Expansion of the online retail channel
The internet is playing an increasingly important role in the cigar industry, with many retailers now offering their products online. This provides greater convenience for consumers and opens up new markets for manufacturers.
4. Increased focus on health and wellness
There is a growing awareness of the health risks associated with smoking, which is leading many smokers to seek out alternative products such as electronic cigarettes or smokeless tobacco products. However, there is still a large potential market for cigars, especially among those who view them as a luxurious indulgence.
Covid-19 Impact on Cigar Market:
Consumers across the globe are adjusting to the new normal and there is a noteworthy discrepancy in consumer behavior. Consumers' purchasing habits, behavior, and attitudes have changed in light of COVID-19. People are shopping very consciously and are majorly centered on basic needs and are buying locally. Consumers are using digital commerce to play, learn, and connect to manage isolation and follow social distancing policy. The covid-19 has consistently impacted the shopping behavior of 9 in 10 consumers. Nearly 30-50 percent of consumers have shifted towards online shopping from March 2020 to December 2020.
Report Includes
An overview of the global Cigar market, and related technologies and developments. Analyses of global market trends, with historical data from 2016, 2017, and 2018 estimates and projections of CAGRs through 2027. It also includes breakdowns of the overall Cigar market along with various segments, and by geographic region. Analysis of the stakeholder value chain in the Cigar market and comprehensive profiles of leading companies in the industry
Report Scope
The report forecasts the size of the Cigar market for components from 2020 through 2027
The Executive Summary provides a snapshot of key findings of the report. The introduction chapter includes research scope, market segmentation, research methodology, and definitions and assumptions. It involves extreme rigorous scientific methods, tools and techniques to estimate the market size. Exhaustive secondary research is being carried out to collect information related to the market, the parent market, and the peer market. Primary research is undertaken to validate the assumptions, findings, and sizing with the industry experts professionals across the value chain of the market. Both top-down and bottom-up approaches are employed to estimate the complete market size.
The chapter on market dynamics includes market drivers, restraints, and opportunities which helps familiarise with market potential and upcoming opportunities. The chapter on key insights includes emerging trends from major countries, latest technological advancement, regulatory landscape, SWOT analysis, and porters five forces analysis. This chapter provides a detailed insights of market which derives the market trends, changing phase of investments, scope of profit potential, and helps to take appropriate business decisions. The chapter on competitive analysis includes profiling of leading companies in the global market to map the leading companies and their focus of interest in the market.
After deriving the market size from the market size estimation process, the total market has been split into several segments and sub-segments. To complete the overall market engineering process and arrive at the exact statistics for all segments and sub-segments, the data triangulation and market breakdown procedures is being used. The data triangulation is carried out by studying various factors and trends from demand and supply perspectives.
Porter's Five Forces Analysis
Porter's Five Forces is a model used to analyze the competitive environment within an industry. The model takes into account five forces that can affect the profitability of a business:
* Threat of new entrants
* Bargaining power of buyers
* Bargaining power of suppliers
* Threat of substitute products or services
* Rivalry among existing competitors
In the cigar industry, the threat of new entrants is low due to high initial costs and the need for specialized knowledge and skills. The bargaining power of buyers is also low as cigars are not a necessity and there are few substitutes. The bargaining power of suppliers is moderate as there are a few key players in the tobacco industry. The threat of substitute products is low as cigars have a unique appeal and are not easily replaced. Finally, rivalry among existing competitors is high as they all vie for market share.
Segmentation Analysis:
The Cigar market is segmented on the basis of segment 1, segment 2 , and segment 3.
Global Cigar Market Competitive Analysis:
Key players in the Global Cigar market are Imperial Tobacco Group, Swedish Match, Swisher International, Scandinavian Tobacco Group, Altria Group and other players.
*All our reports are customizable as per customer requirements
This study forecasts revenue and volume growth at global, regional, and country levels from 2016 to 2027. Global Cigar market is distributed on the basis of below-mentioned segments:
Global Cigar Market, By types:
The growth of the Cigar market is driven by the growing preference for premium cigars, rising disposable incomes, and the growing number of smoking occasions. Cigars are made from tobacco leaves that are rolled and wrapped in paper or tobacco leaf. Premium cigars are handmade, while mass-market cigars are machine-made. The global cigar market is segmented by product type, distribution channel, price point, and geography. The premium cigar segment accounted for the largest share of the global cigar market in 2021 and is expected to retain its leading position throughout the forecast period. The growth of this segment is attributed to the rising preference for premium cigars among smokers. The online segment is expected to witness the highest growth rate during the forecast period as online retailers offer a wide variety of cigars at competitive prices. North America held the largest share of the global cigar market in 2022, followed by Europe and Asia Pacific. The large share of North America can be attributed to the presence of a large number of manufacturers in the region
Market Overview
The global cigar market is expected to grow at a CAGR of around 4.3% during the forecast period.
Cigars are smokable tobacco products that are made up of rolled leaves of tobacco. They differ from cigarettes in terms of size and shape and are usually smoked for leisure. Cigars are generally categorized into three types, namely, premium cigars, mass-market cigars, and machine-made cigars.
The premium cigar segment is expected to grow at a faster pace during the forecast period owing to the rising disposable incomes and changing lifestyles of consumers. In addition, the growing popularity of online retailing is also providing a boost to the growth of this segment.
On the basis of product type, the global cigar market has been classified into long-filler cigars, short-filler cigars, and mixed-filler cigars. The long-filler cigar segment is expected to dominate the market during the forecast period as these cigars offer better flavor and smoking experience as compared to other types.
On the basis of distribution channels, the global cigar market has been classified into offline channels and online channels. The offline channel is further sub-segmented into specialty stores, supermarkets/hypermarkets, tobacconists, and others. The online channel is expected to grow at a faster pace during the forecast period owing to the growing preference for online shopping among consumers.
Market Drivers
There are a number of factors that are driving the global cigar market. Firstly, there has been an increase in the disposable income of consumers, particularly in emerging economies. This has resulted in more people being able to afford cigars. Secondly, there has been a growth in the number of women smokers. This is due to the fact that smoking is no longer seen as solely a male activity and women are now more likely to take up smoking. Thirdly, the health benefits of cigars have been widely publicized in recent years, with many people believing that they are less harmful than cigarettes. This has led to more people smoking cigars, as they see them as a healthier option. Finally, the popularity of cigar bars and clubs has also increased in recent years, providing people with a social setting in which to enjoy their cigars.
Market Challenges
The global cigar market is currently facing a number of challenges. Firstly, the market is highly fragmented, with a large number of small players competing for market share. This makes it difficult for any one player to gain a significant share of the market. Secondly, cigars are subject to strict regulation in many countries, which limits their growth potential. Finally, cigars are a luxury product and as such is sensitive to economic downturns. These challenges mean that the global cigar market is not growing as rapidly as some other sectors of the tobacco industry.
Market Trends
The global cigar market is on the rise, with opportunities for growth in both developed and emerging markets. The following trends are driving the market:
1. Increasing demand for premium cigars
As disposable incomes rise and consumers become more discerning, there is an increasing demand for premium cigars. This includes both hand-rolled and machine-made cigars, as well as those made with high-quality tobaccos.
2. Growing popularity of flavored cigars
Flavored cigars are becoming increasingly popular, especially among women and younger smokers. These cigars offer a sweeter taste and a more pleasant smoking experience.
3. Expansion of the online retail channel
The internet is playing an increasingly important role in the cigar industry, with many retailers now offering their products online. This provides greater convenience for consumers and opens up new markets for manufacturers.
4. Increased focus on health and wellness
There is a growing awareness of the health risks associated with smoking, which is leading many smokers to seek out alternative products such as electronic cigarettes or smokeless tobacco products. However, there is still a large potential market for cigars, especially among those who view them as a luxurious indulgence.
Covid-19 Impact on Cigar Market:
Consumers across the globe are adjusting to the new normal and there is a noteworthy discrepancy in consumer behavior. Consumers' purchasing habits, behavior, and attitudes have changed in light of COVID-19. People are shopping very consciously and are majorly centered on basic needs and are buying locally. Consumers are using digital commerce to play, learn, and connect to manage isolation and follow social distancing policy. The covid-19 has consistently impacted the shopping behavior of 9 in 10 consumers. Nearly 30-50 percent of consumers have shifted towards online shopping from March 2020 to December 2020.
Report Includes
An overview of the global Cigar market, and related technologies and developments. Analyses of global market trends, with historical data from 2016, 2017, and 2018 estimates and projections of CAGRs through 2027. It also includes breakdowns of the overall Cigar market along with various segments, and by geographic region. Analysis of the stakeholder value chain in the Cigar market and comprehensive profiles of leading companies in the industry
Report Scope
The report forecasts the size of the Cigar market for components from 2020 through 2027
The Executive Summary provides a snapshot of key findings of the report. The introduction chapter includes research scope, market segmentation, research methodology, and definitions and assumptions. It involves extreme rigorous scientific methods, tools and techniques to estimate the market size. Exhaustive secondary research is being carried out to collect information related to the market, the parent market, and the peer market. Primary research is undertaken to validate the assumptions, findings, and sizing with the industry experts professionals across the value chain of the market. Both top-down and bottom-up approaches are employed to estimate the complete market size.
The chapter on market dynamics includes market drivers, restraints, and opportunities which helps familiarise with market potential and upcoming opportunities. The chapter on key insights includes emerging trends from major countries, latest technological advancement, regulatory landscape, SWOT analysis, and porters five forces analysis. This chapter provides a detailed insights of market which derives the market trends, changing phase of investments, scope of profit potential, and helps to take appropriate business decisions. The chapter on competitive analysis includes profiling of leading companies in the global market to map the leading companies and their focus of interest in the market.
After deriving the market size from the market size estimation process, the total market has been split into several segments and sub-segments. To complete the overall market engineering process and arrive at the exact statistics for all segments and sub-segments, the data triangulation and market breakdown procedures is being used. The data triangulation is carried out by studying various factors and trends from demand and supply perspectives.
Porter's Five Forces Analysis
Porter's Five Forces is a model used to analyze the competitive environment within an industry. The model takes into account five forces that can affect the profitability of a business:
* Threat of new entrants
* Bargaining power of buyers
* Bargaining power of suppliers
* Threat of substitute products or services
* Rivalry among existing competitors
In the cigar industry, the threat of new entrants is low due to high initial costs and the need for specialized knowledge and skills. The bargaining power of buyers is also low as cigars are not a necessity and there are few substitutes. The bargaining power of suppliers is moderate as there are a few key players in the tobacco industry. The threat of substitute products is low as cigars have a unique appeal and are not easily replaced. Finally, rivalry among existing competitors is high as they all vie for market share.
Segmentation Analysis:
The Cigar market is segmented on the basis of segment 1, segment 2 , and segment 3.
Global Cigar Market Competitive Analysis:
Key players in the Global Cigar market are Imperial Tobacco Group, Swedish Match, Swisher International, Scandinavian Tobacco Group, Altria Group and other players.
*All our reports are customizable as per customer requirements
This study forecasts revenue and volume growth at global, regional, and country levels from 2016 to 2027. Global Cigar market is distributed on the basis of below-mentioned segments:
Global Cigar Market, By types:
- Machine-made Cigars
- Handmade Cigars
- Others
- Specialty Store
- Online Sales
- Others
- Male Smokers
- Female Smokers
- North America
- US
- Canada
- Europe
- UK
- Germany
- France
- Italy
- Spain
- Rest of Europe
- Asia-Pacific
- Japan
- China
- India
- Australia
- South Korea
- Rest of Asia-Pacific
- South America
- Brazil
- Argentina
- Rest of South America
- Middle East and Africa
- GCC
- South Africa
- Rest of Middle East and Africa
Cigar MARKET STUDY GLOBAL MARKET ANALYSIS, INSIGHTS AND FORECAST, 2020-2027
1. Introduction
- 1.1. Research Scope
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.4. Definitions and Assumptions
2. Executive Summary
3. Market Dynamics
- 3.1. Market Drivers
- 3.2. Market Restraints
- 3.3. Market Opportunities
4. Key Insights
- 4.1. Key Emerging Trends – For Major Countries
- 4.2. Latest Technological Advancement
- 4.3. Regulatory Landscape
- 4.4. Industry SWOT Analysis
- 4.5. Porters Five Forces Analysis
5. Global Cigar Market Analysis (USD Billion), Insights and Forecast, 2016-2027
- 5.1. Key Findings / Summary
- 5.2. Market Analysis, Insights and Forecast – By Segment 1
- 5.2.1. Sub-Segment 1
- 5.2.2. Sub-Segment 2
- 5.3. Market Analysis, Insights and Forecast – By Segment 2
- 5.3.1. Sub-Segment 1
- 5.3.2. Sub-Segment 2
- 5.3.3. Sub-Segment 3
- 5.3.4. Others
- 5.4. Market Analysis, Insights and Forecast – By Segment 3
- 5.4.1. Sub-Segment 1
- 5.4.2. Sub-Segment 2
- 5.4.3. Sub-Segment 3
- 5.4.4. Others
- 5.5. Market Analysis, Insights and Forecast – By Region
- 5.5.1. North America
- 5.5.2. Latin America
- 5.5.3. Europe
- 5.5.4. Asia Pacific
- 5.5.5. Middle East and Africa
6. North America Cigar Market Analysis (USD Billion), Insights and Forecast, 2016-2027
- 6.1. Key Findings / Summary
- 6.2. Market Analysis, Insights and Forecast – By Segment 1
- 6.2.1. Sub-Segment 1
- 6.2.2. Sub-Segment 2
- 6.3. Market Analysis, Insights and Forecast – By Segment 2
- 6.3.1. Sub-Segment 1
- 6.3.2. Sub-Segment 2
- 6.3.3. Sub-Segment 3
- 6.3.4. Others
- 6.4. Market Analysis, Insights and Forecast – By Segment 3
- 6.4.1. Sub-Segment 1
- 6.4.2. Sub-Segment 2
- 6.4.3. Sub-Segment 3
- 6.4.4. Others
- 6.5. Market Analysis, Insights and Forecast – By Country
- 6.5.1. U.S.
- 6.5.2. Canada
7. Latin America Cigar Market Analysis (USD Billion), Insights and Forecast, 2016-2027
- 7.1. Key Findings / Summary
- 7.2. Market Analysis, Insights and Forecast – By Segment 1
- 7.2.1. Sub-Segment 1
- 7.2.2. Sub-Segment 2
- 7.3. Market Analysis, Insights and Forecast – By Segment 2
- 7.3.1. Sub-Segment 1
- 7.3.2. Sub-Segment 2
- 7.3.3. Sub-Segment 3
- 7.3.4. Others
- 7.4. Market Analysis, Insights and Forecast – By Segment 3
- 7.4.1. Sub-Segment 1
- 7.4.2. Sub-Segment 2
- 7.4.3. Sub-Segment 3
- 7.4.4. Others
- 7.5. Insights and Forecast – By Country
- 7.5.1. Brazil
- 7.5.2. Mexico
- 7.5.3. Rest of Latin America
8. Europe Cigar Market Analysis (USD Billion), Insights and Forecast, 2016-2027
- 8.1. Key Findings / Summary
- 8.2. Market Analysis, Insights and Forecast – By Segment 1
- 8.2.1. Sub-Segment 1
- 8.2.2. Sub-Segment 2
- 8.3. Market Analysis, Insights and Forecast – By Segment 2
- 8.3.1. Sub-Segment 1
- 8.3.2. Sub-Segment 2
- 8.3.3. Sub-Segment 3
- 8.3.4. Others
- 8.4. Market Analysis, Insights and Forecast – By Segment 3
- 8.4.1. Sub-Segment 1
- 8.4.2. Sub-Segment 2
- 8.4.3. Sub-Segment 3
- 8.4.4. Others
- 8.5. Market Analysis, Insights and Forecast – By Country
- 8.5.1. UK
- 8.5.2. Germany
- 8.5.3. France
- 8.5.4. Italy
- 8.5.5. Spain
- 8.5.6. Russia
- 8.5.7. Rest of Europe
9. Asia Pacific Cigar Market Analysis (USD Billion), Insights and Forecast, 2016-2027
- 9.1. Key Findings / Summary
- 9.2. Market Analysis, Insights and Forecast – By Segment 1
- 9.2.1. Sub-Segment 1
- 9.2.2. Sub-Segment 2
- 9.3. Market Analysis, Insights and Forecast – By Segment 2
- 9.3.1. Sub-Segment 1
- 9.3.2. Sub-Segment 2
- 9.3.3. Sub-Segment 3
- 9.3.4. Others
- 9.4. Market Analysis, Insights and Forecast – By Segment 3
- 9.4.1. Sub-Segment 1
- 9.4.2. Sub-Segment 2
- 9.4.3. Sub-Segment 3
- 9.4.4. Others
- 9.5. Market Analysis, Insights and Forecast – By Country
- 9.5.1. China
- 9.5.2. India
- 9.5.3. Japan
- 9.5.4. Australia
- 9.5.5. South East Asia
- 9.5.6. Rest of Asia Pacific
10. Middle East & Africa Cigar Market Analysis (USD Billion), Insights and Forecast, 2016-2027
- 10.1. Key Findings / Summary
- 10.2. Market Analysis, Insights and Forecast – By Segment 1
- 10.2.1. Sub-Segment 1
- 10.2.2. Sub-Segment 2
- 10.3. Market Analysis, Insights and Forecast – By Segment 2
- 10.3.1. Sub-Segment 1
- 10.3.2. Sub-Segment 2
- 10.3.3. Sub-Segment 3
- 10.3.4. Others
- 10.4. Market Analysis, Insights and Forecast – By Segment 3
- 10.4.1. Sub-Segment 1
- 10.4.2. Sub-Segment 2
- 10.4.3. Sub-Segment 3
- 10.4.4. Others
- 10.5. Market Analysis, Insights and Forecast – By Country
- 10.5.1. GCC
- 10.5.2. South Africa
- 10.5.3. Rest of Middle East & Africa
11. Competitive Analysis
- 11.1. Company Market Share Analysis, 2018
- 11.2. Key Industry Developments
- 11.3. Company Profile
- 11.3.1. Company 1
- 11.3.1.1. Business Overview
- 11.3.1.2. Segment 1 & Service Offering
- 11.3.1.3. Overall Revenue
- 11.3.1.4. Geographic Presence
- 11.3.1.5. Recent Development
- 11.3.2. Company 2
- 11.3.3. Company 3
- 11.3.4. Company 4
- 11.3.5. Company 5
- 11.3.6. Company 6
- 11.3.7. Company 7
- 11.3.8. Company 8
- 11.3.9. Company 9
- 11.3.10. Company 10
- 11.3.11. Company 11
- 11.3.12. Company 12
- 11.3.1. Company 1
Research Process
Data Library Research are conducted by industry experts who offer insight on industry structure, market segmentations technology assessment and competitive landscape (CL), and penetration, as well as on emerging trends. Their analysis is based on primary interviews (~ 80%) and secondary research (~ 20%) as well as years of professional expertise in their respective industries. Adding to this, by analysing historical trends and current market positions, our analysts predict where the market will be headed for the next five years. Furthermore, the varying trends of segment & categories geographically presented are also studied and the estimated based on the primary & secondary research.
In this particular report from the supply side Data Library Research has conducted primary surveys (interviews) with the key level executives (VP, CEO’s, Marketing Director, Business Development Manager and SOFT) of the companies that active & prominent as well as the midsized organization
FIGURE 1: DLR RESEARH PROCESS
Extensive primary research was conducted to gain a deeper insight of the market and industry performance. The analysis is based on both primary and secondary research as well as years of professional expertise in the respective industries.
In addition to analysing current and historical trends, our analysts predict where the market is headed over the next five years.
It varies by segment for these categories geographically presented in the list of market tables. Speaking about this particular report we have conducted primary surveys (interviews) with the key level executives (VP, CEO’s, Marketing Director, Business Development Manager and many more) of the major players active in the market.
Secondary ResearchSecondary research was mainly used to collect and identify information useful for the extensive, technical, market-oriented, and Friend’s study of the Global Extra Neutral Alcohol. It was also used to obtain key information about major players, market classification and segmentation according to the industry trends, geographical markets, and developments related to the market and technology perspectives. For this study, analysts have gathered information from various credible sources, such as annual reports, sec filings, journals, white papers, SOFT presentations, and company web sites.
Market Size EstimationBoth, top-down and bottom-up approaches were used to estimate and validate the size of the Global market and to estimate the size of various other dependent submarkets in the overall Extra Neutral Alcohol. The key players in the market were identified through secondary research and their market contributions in the respective geographies were determined through primary and secondary research.
Forecast Model
