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PUBLISHER: Coherent Market Insights | PRODUCT CODE: 1608720

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PUBLISHER: Coherent Market Insights | PRODUCT CODE: 1608720

Cigars and Cigarillos Market, By Product, By Flavor, By Distribution Channel, By Geography

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Cigars and cigarillos market is estimated to be valued at USD 31.33 Bn in 2024 and is expected to reach USD 40.23 Bn by 2031, exhibiting at a compound annual growth rate (CAGR) of 3.6% from 2024 to 2031.

Report Coverage Report Details
Base Year: 2023 Market Size in 2024: 31.33 Bn
Historical Data for: 2019 to 2023 Forecast Period: 2024 to 2031
Forecast Period 2024 to 2031 CAGR: 3.60% 2031 Value Projection: 40.23 Bn

Cigars is a tightly rolled bundle of dried and fermented tobacco leaves, which are ignited so that its smoke may be drawn into the mouth. It is consumed either by directly inhaling from the lit end placed in the mouth or by transferring smoke into the mouth using the hand. Cigarillos, also known as small cigars, are shorter than regular cigars and contain less tobacco filler. These are rolled in brown tobacco wrapper as opposed to traditional cigars which use fermented tobacco leaves wrapping. Growing popularity of niche tobacco products such as premium and flavored cigars among urban population along with rise of cigars lounges and bars has boosted demand for cigars and cigarillos. However, adverse health impacts of cigars smoking and stringent regulations on advertisement and marketing can hamper the market growth during the forecast period.

Market Dynamics

Global cigars and cigarillos market growth is driven by growth of premium and specialty cigars among young adults and emergence of gifting culture. Growing number of high-net-worth individuals indulging in cigars smoking as a luxury and status symbol can drive the market growth. However, increased taxation policies on cigars and health hazards related to cigars usage such as oral cancers, respiratory illness and heart diseases can hamper the market growth. Growing popularity of small cigars and cigarillos, owing to convenience of usage and flavored varieties can offer new growth opportunities. Introduction of novel products such as filtered cigars, organic cigars can also offer growth opportunities. Rising popularity of alternative smoking devices such as e-cigarettes and heated tobacco products can hamper demand for traditional cigars. Product innovation in terms of flavors, sizes and packaging can offer growth opportunities. For example, premium infused cigarillos are gaining traction among new consumers.

Key features of the study

This report provides in-depth analysis of the global cigars and cigarillos market, and provides market size (USD Bn) and compound annual growth rate (CAGR%) for the forecast period (2024-2031), considering 2023 as the base year

It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market

This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players

It profiles key players in the global cigars and cigarillos market based on the following parameters - company highlights, products portfolio, key highlights, financial performance, and strategies

Key companies covered as a part of this study include Altria Group Inc., Habanos S.A., Scandinavian Tobacco Group, Grukha Cigars, Swisher International Inc., Agio Cigars, Swedish Match AB, OETTINGER DAVIDOFF AG, Drew Estate, and Imperial Brands PLC

Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics

Global cigars and cigarillos market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts

Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global cigars and cigarillos market

Market Segmentation

  • Product Insights (Revenue, USD Bn, 2019 - 2031)
    • Mass Cigar
    • Premium Cigar
  • Flavor Insights (Revenue, USD Bn, 2019 - 2031)
    • Tobacco / No Flavor
    • Flavored
  • Distribution Channel Insights (Revenue, USD Bn, 2019 - 2031)
    • Hypermarkets & Supermarkets
    • Specialty Stores
    • Online
    • Others
  • Regional Insights (Revenue, USD Bn, 2019 - 2031)
    • North America
    • U.S.
    • Canada
    • Latin America
    • Brazil
    • Argentina
    • Mexico
    • Rest of Latin America
    • Europe
    • Germany
    • U.K.
    • Spain
    • France
    • Italy
    • Russia
    • Rest of Europe
    • Asia Pacific
    • China
    • India
    • Japan
    • Australia
    • South Korea
    • ASEAN
    • Rest of Asia Pacific
    • Middle East
    • GCC Countries
    • Israel
    • Rest of Middle East
    • Africa
    • South Africa
    • North Africa
    • Central Africa
  • Key Players Insights
    • Altria Group Inc.
    • Habanos S.A.
    • Scandinavian Tobacco Group
    • Grukha Cigars
    • Swisher International Inc.
    • Agio Cigars
    • Swedish Match AB
    • OETTINGER DAVIDOFF AG
    • Drew Estate
    • Imperial Brands PLC
Product Code: CMI3334

Table of Contents

1. Research Objectives and Assumptions

  • Research Objectives
  • Assumptions
  • Abbreviations

2. Market Purview

  • Report Description
    • Market Definition and Scope
  • Executive Summary
    • Market Snippet, By Product
    • Market Snippet, By Flavor
    • Market Snippet, By Distribution Channel
    • Market Snippet, By Region
  • Coherent Opportunity Map (COM)

3. Market Dynamics, Regulations, and Trends Analysis

  • Market Dynamics
    • Drivers
    • Restraints
    • PEST Analysis
    • PORTER's Five Forces Analysis
    • Market Opportunities
    • Regulatory Scenario
    • Key Developments
    • Industry Trend

4. Global Cigars and Cigarillos Market - Impact of Coronavirus (COVID-19) Pandemic

  • Overview
  • Factors Affecting the Global Cigars and Cigarillos Market - COVID-19
  • Impact Analysis

5. Global Cigars and Cigarillos Market, By Product, 2019-2031, (USD Bn)

  • Introduction
    • Market Share Analysis, 2024, 2027, and 2031 (%)
    • Y-o-Y Growth Analysis, 2020 - 2031
    • Segment Trends
  • Mass Cigar
    • Market Share Analysis, 2024, 2027, and 2031 (%)
    • Y-o-Y Growth Analysis, 2020 - 2031
    • Segment Trends
  • Premium Cigar
    • Market Share Analysis, 2024, 2027, and 2031 (%)
    • Y-o-Y Growth Analysis, 2020 - 2031
    • Segment Trends

6. Global Cigars and Cigarillos Market, By Flavor, 2019-2031, (USD Bn)

  • Introduction
    • Market Share Analysis, 2024, 2027, and 2031 (%)
    • Y-o-Y Growth Analysis, 2020 - 2031
    • Segment Trends
  • Tobacco / No Flavor
    • Market Share Analysis, 2024, 2027, and 2031 (%)
    • Y-o-Y Growth Analysis, 2020 - 2031
    • Segment Trends
  • Flavored
    • Market Share Analysis, 2024, 2027, and 2031 (%)
    • Y-o-Y Growth Analysis, 2020 - 2031
    • Segment Trends

7. Global Cigars and Cigarillos Market, By Distribution Channel, 2019-2031, (USD Bn)

  • Introduction
    • Market Share Analysis, 2024, 2027, and 2031 (%)
    • Y-o-Y Growth Analysis, 2020 - 2031
    • Segment Trends
  • Hypermarkets & Supermarkets
    • Market Share Analysis, 2024, 2027, and 2031 (%)
    • Y-o-Y Growth Analysis, 2020 - 2031
    • Segment Trends
  • Specialty Stores
    • Market Share Analysis, 2024, 2027, and 2031 (%)
    • Y-o-Y Growth Analysis, 2020 - 2031
    • Segment Trends
  • Online
    • Market Share Analysis, 2024, 2027, and 2031 (%)
    • Y-o-Y Growth Analysis, 2020 - 2031
    • Segment Trends
  • Others
    • Market Share Analysis, 2024, 2027, and 2031 (%)
    • Y-o-Y Growth Analysis, 2020 - 2031
    • Segment Trends

8. Global Cigars and Cigarillos Market, By Region, 2019-2031, (USD Bn)

  • Introduction
    • Market Share Analysis, By Region, 2024, 2027, and 2031 (%)
    • Y-o-Y Growth Analysis, For Region, 2020 - 2031
  • North America
    • Market Share Analysis, By Country, 2024, 2027 and 2031 (%)
    • Y-o-Y Growth Analysis, For Country, 2020 - 2031
    • Market Size and Forecast, By Product, 2019- 2031, (USD Bn)
    • Market Size and Forecast, By Flavor, 2019- 2031, (USD Bn)
    • Market Size and Forecast, By Distribution Channel, 2019- 2031, (USD Bn)
    • Market Size and Forecast, By Country, 2019- 2031, (USD Bn)
      • U.S.
      • Canada
  • Latin America
    • Market Share Analysis, By Country, 2024, 2027 and 2031 (%)
    • Y-o-Y Growth Analysis, For Country, 2020 - 2031
    • Market Size and Forecast, By Product, 2019- 2031, (USD Bn)
    • Market Size and Forecast, By Flavor, 2019- 2031, (USD Bn)
    • Market Size and Forecast, By Distribution Channel, 2019- 2031, (USD Bn)
    • Market Size and Forecast, By Country, 2019- 2031, (USD Bn)
      • Brazil
      • Argentina
      • Mexico
      • Rest of Latin America
  • Europe
    • Market Share Analysis, By Country, 2024, 2027 and 2031 (%)
    • Y-o-Y Growth Analysis, For Country, 2020 - 2031
    • Market Size and Forecast, By Product, 2019- 2031, (USD Bn)
    • Market Size and Forecast, By Flavor, 2019- 2031, (USD Bn)
    • Market Size and Forecast, By Distribution Channel, 2019- 2031, (USD Bn)
    • Market Size and Forecast, By Country, 2019- 2031, (USD Bn)
      • U.K.
      • Germany
      • Italy
      • France
      • Spain
      • Russia
      • Rest of Europe
  • Asia Pacific
    • Market Share Analysis, By Country, 2024, 2027 and 2031 (%)
    • Y-o-Y Growth Analysis, For Country, 2020 - 2031
    • Market Size and Forecast, By Product, 2019- 2031, (USD Bn)
    • Market Size and Forecast, By Flavor, 2019- 2031, (USD Bn)
    • Market Size and Forecast, By Distribution Channel, 2019- 2031, (USD Bn)
    • Market Size and Forecast, By Country, 2019- 2031, (USD Bn)
      • China
      • India
      • Japan
      • ASEAN
      • Australia
      • South Korea
      • Rest of Asia Pacific
  • Middle East
    • Market Share Analysis, By Country, 2024, 2027 and 2031 (%)
    • Y-o-Y Growth Analysis, For Country, 2020 - 2031
    • Market Size and Forecast, By Product, 2019- 2031, (USD Bn)
    • Market Size and Forecast, By Flavor, 2019- 2031, (USD Bn)
    • Market Size and Forecast, By Distribution Channel, 2019- 2031, (USD Bn)
    • Market Size and Forecast, By Country, 2019- 2031, (USD Bn)
      • GCC Countries
      • Israel
      • Rest of Middle East
  • Africa
    • Market Share Analysis, By Country/Region, 2024, 2027 and 2031 (%)
    • Y-o-Y Growth Analysis, For Country/Region, 2020 - 2031
    • Market Size and Forecast, By Product, 2019- 2031, (USD Bn)
    • Market Size and Forecast, By Flavor, 2019- 2031, (USD Bn)
    • Market Size and Forecast, By Distribution Channel, 2019- 2031, (USD Bn)
    • Market Size and Forecast, By Country/Region, 2019- 2031, (USD Bn)
      • South Africa
      • North Africa
      • Central Africa

9. Competitive Landscape

  • Heat Map Analysis
  • Market Share Analysis (3x3 Matrix)
  • Company Profiles
    • Altria Group Inc.
      • Company Overview
      • Product Type Portfolio
      • Recent Developments/Updates
    • Habanos S.A.
      • Company Overview
      • Product Type Portfolio
      • Recent Developments/Updates
    • Scandinavian Tobacco Group
      • Company Overview
      • Product Type Portfolio
      • Recent Developments/Updates
    • Grukha Cigars
      • Company Overview
      • Product Type Portfolio
      • Recent Developments/Updates
    • Swisher International Inc.
      • Company Overview
      • Product Type Portfolio
      • Recent Developments/Updates
    • Agio Cigars
      • Company Overview
      • Product Type Portfolio
      • Recent Developments/Updates
    • Swedish Match AB
      • Company Overview
      • Product Type Portfolio
      • Recent Developments/Updates
    • OETTINGER DAVIDOFF AG
      • Company Overview
      • Product Type Portfolio
      • Recent Developments/Updates
    • Drew Estate
      • Company Overview
      • Product Type Portfolio
      • Recent Developments/Updates
    • Imperial Brands PLC
      • Company Overview
      • Product Type Portfolio
      • Recent Developments/Updates

10. Analyst Recommendation

  • Wheel of Fortune
  • Analyst View
  • Coherent Opportunity Map

11. Section

  • References
  • Research Methodology
  • About Us and Sales Contact
Have a question?
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Jeroen Van Heghe

Manager - EMEA

+32-2-535-7543

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Christine Sirois

Manager - Americas

+1-860-674-8796

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