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PUBLISHER: Polaris Market Research | PRODUCT CODE: 1423965
PUBLISHER: Polaris Market Research | PRODUCT CODE: 1423965
Luxury Cigar Market Share, Size, Trends, Industry Analysis Report, By Type (Hand Rolled, Machine Rolled); By Distribution Channel (Online, Offline); By Region; And Segment Forecasts, 2024 - 2032
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The global luxury cigar market size is expected to reach USD 27.53 billion by 2032, according to a new study by Polaris Market Research. The report "Luxury Cigar Market Share, Size, Trends, Industry Analysis Report, By Type (Hand Rolled, Machine Rolled); By Distribution Channel (Online, Offline); By Region; And Segment Forecasts, 2024 - 2032" gives a detailed insight into current market dynamics and provides analysis on future market growth.
The global cigar industry has been experiencing remarkable growth in recent years, and it is expected to continue in the foreseeable future. Among all types of cigars, hand-rolled ones have gained immense popularity worldwide due to their exceptional quality. These cigars are made using carefully selected tobacco leaves and premium blends, and their hands-on rolling process allows for precise control over the blending process, resulting in complex and nuanced flavor profiles. The meticulous craftsmanship involved in hand-rolling luxury cigars is highly appreciated by smokers who seek a sophisticated and diverse flavor experience, making them the preferred choice among cigar enthusiasts.
Furthermore, hand-rolled cigars are often perceived as status symbols, carrying with them connotations of luxury and prestige. These cigars serve as symbols of refinement and sophistication, embodying a level of craftsmanship and attention to detail that aligns with a discerning lifestyle. The association of cigars with luxury is deeply ingrained in popular culture, where cigars are depicted as being enjoyed in elite and exclusive settings. This cultural imagery adds to the appeal of cigars, making them more attractive to individuals who seek to align themselves with notions of sophistication and elevated experiences often associated with luxury.
The geographical reach facilitated by online retailers is a significant factor contributing to the appeal of purchasing luxury cigars online. Online platforms enable consumers, regardless of their location, to easily access and acquire luxury cigars from around the world. This is particularly advantageous for individuals residing in regions with limited access to physical premium cigar shops, as it broadens the market's reach and promotes inclusivity.
Additionally, online channels often feature subscription services that have gained popularity. These services offer curated selections of luxury cigars delivered directly to customers' doors at regular intervals. By doing so, subscription services not only provide a convenient and hassle-free experience for customers but also ensure a continuous supply of premium cigars. Moreover, these services introduce customers to new and diverse brands and flavors, enhancing their overall cigar-smoking experience and contributing to the discovery of a broader range of products.
Luxury Cigar Market Report Highlights
Hand rolled segment dominated the market, as they are the preferred choice among high-end smokers, enjoying a pleasant moment
The online segment will grow significantly, as most youngsters shop from online channels for exclusive discounts & cash backs
North dominated the market, as the region has high net worth individuals enjoying cigars in parties and pubs and a smoking culture among youth
The global players include Scandinavian Tobacco, Gurkha Cigar, Davidoff, Fuente Marketing, Piloto Cigars, Royal Danish Cigars, Montecristo & Tatuaje Cigars.
Polaris Market Research has segmented the luxury cigar market report based on type, distribution channel, and region:
Luxury Cigar, Material Outlook (Revenue - USD Billion, 2019 - 2032)
- Hand Rolled
- Machine Rolled
Luxury Cigar, Application Outlook (Revenue - USD Billion, 2019 - 2032)
- Offline
- Online
Luxury Cigar, Regional Outlook (Revenue - USD Billion, 2019 - 2032)
- North America
- U.S.
- Canada
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Russia
- Netherlands
- Asia Pacific
- China
- India
- Japan
- South Korea
- Indonesia
- Malaysia
- Latin America
- Argentina
- Brazil
- Mexico
- Middle East & Africa
- UAE
- Saudi Arabia
- Israel
- South Africa
Product Code: PM4191
Table of Contents
1. Introduction
- 1.1. Report Description
- 1.1.1. Objectives of the Study
- 1.1.2. Market Scope
- 1.1.3. Assumptions
- 1.2. Stakeholders
2. Executive Summary
- 2.1. Market Highlights
3. Research Methodology
- 3.1. Overview
- 3.1.1. Data Mining
- 3.2. Data Sources
- 3.2.1. Primary Sources
- 3.2.2. Secondary Sources
4. Global Luxury Cigar Market Insights
- 4.1. Luxury Cigar Market - Industry Snapshot
- 4.2. Luxury Cigar Market Dynamics
- 4.2.1. Drivers and Opportunities
- 4.2.1.1. Rising legislative initiatives and the luxurious future of smoking lounges
- 4.2.1.2. Cultural shift towards premium lifestyle choices
- 4.2.2. Restraints and Challenges
- 4.2.2.1. Health concerns and changing consumer habits
- 4.2.1. Drivers and Opportunities
- 4.3. Porter's Five Forces Analysis
- 4.3.1. Bargaining Power of Suppliers (Moderate)
- 4.3.2. Threats of New Entrants: (Low)
- 4.3.3. Bargaining Power of Buyers (Moderate)
- 4.3.4. Threat of Substitute (Moderate)
- 4.3.5. Rivalry among existing firms (High)
- 4.4. PESTLE Analysis
- 4.5. Luxury Cigar Industry trends
- 4.6. Value Chain Analysis
- 4.7. COVID-19 Impact Analysis
5. Global Luxury Cigar Market, by Type
- 5.1. Key Findings
- 5.2. Introduction
- 5.2.1. Global Luxury Cigar, by Type, 2019-2032 (USD Billion)
- 5.3. Hand Rolled
- 5.3.1. Global Luxury Cigar Market, by Hand Rolled, by Region, 2019-2032 (USD Billion)
- 5.4. Machine Rolled
- 5.4.1. Global Luxury Cigar Market, by Machine Rolled, by Region, 2019-2032 (USD Billion)
6. Global Luxury Cigar Market, by Distribution Channel
- 6.1. Key Findings
- 6.2. Introduction
- 6.2.1. Global Luxury Cigar Market, by Distribution Channel, 2019-2032 (USD Billion)
- 6.3. Offline
- 6.3.1. Global Luxury Cigar Market, by Offline, by Region, 2019-2032 (USD Billion)
- 6.4. Online
- 6.4.1. Global Luxury Cigar Market, by Online, by Region, 2019-2032 (USD Billion)
7. Global Luxury Cigar Market, by Geography
- 7.1. Key findings
- 7.2. Introduction
- 7.2.1. Luxury Cigar Market Assessment, By Geography, 2019-2032 (USD Billion)
- 7.3. Luxury Cigar Market - North America
- 7.3.1. North America: Luxury Cigar Market, by Distribution Channel, 2019-2032 (USD Billion)
- 7.3.2. North America: Luxury Cigar Market, by Type, 2019-2032 (USD Billion)
- 7.3.3. Luxury Cigar Market - U.S.
- 7.3.3.1. U.S.: Luxury Cigar Market, by Distribution Channel, 2019-2032 (USD Billion)
- 7.3.3.2. U.S.: Luxury Cigar Market, by Type, 2019-2032 (USD Billion)
- 7.3.4. Luxury Cigar Market - Canada
- 7.3.4.1. Canada: Luxury Cigar Market, by Distribution Channel, 2019-2032 (USD Billion)
- 7.3.4.2. Canada: Luxury Cigar Market, by Type, 2019-2032 (USD Billion)
- 7.4. Luxury Cigar Market - Europe
- 7.4.1. Europe: Luxury Cigar Market, by Distribution Channel, 2019-2032 (USD Billion)
- 7.4.2. Europe: Luxury Cigar Market, by Type, 2019-2032 (USD Billion)
- 7.4.3. Luxury Cigar Market - UK
- 7.4.3.1. UK: Luxury Cigar Market, by Distribution Channel, 2019-2032 (USD Billion)
- 7.4.3.2. UK: Luxury Cigar Market, by Type, 2019-2032 (USD Billion)
- 7.4.4. Luxury Cigar Market - France
- 7.4.4.1. France: Luxury Cigar Market, by Distribution Channel, 2019-2032 (USD Billion)
- 7.4.4.2. France: Luxury Cigar Market, by Type, 2019-2032 (USD Billion)
- 7.4.5. Luxury Cigar Market - Germany
- 7.4.5.1. Germany: Luxury Cigar Market, by Distribution Channel, 2019-2032 (USD Billion)
- 7.4.5.2. Germany: Luxury Cigar Market, by Type, 2019-2032 (USD Billion)
- 7.4.6. Luxury Cigar Market - Italy
- 7.4.6.1. Italy: Luxury Cigar Market, by Distribution Channel, 2019-2032 (USD Billion)
- 7.4.6.2. Italy: Luxury Cigar Market, by Type, 2019-2032 (USD Billion)
- 7.4.7. Luxury Cigar Market - Spain
- 7.4.7.1. Spain: Luxury Cigar Market, by Distribution Channel, 2019-2032 (USD Billion)
- 7.4.7.2. Spain: Luxury Cigar Market, by Type, 2019-2032 (USD Billion)
- 7.4.8. Luxury Cigar Market - Netherlands
- 7.4.8.1. Netherlands: Luxury Cigar Market, by Distribution Channel, 2019-2032 (USD Billion)
- 7.4.8.2. Netherlands: Luxury Cigar Market, by Type, 2019-2032 (USD Billion)
- 7.4.9. Luxury Cigar Market - Russia
- 7.4.9.1. Russia: Luxury Cigar Market, by Distribution Channel, 2019-2032 (USD Billion)
- 7.4.9.2. Russia: Luxury Cigar Market, by Type, 2019-2032 (USD Billion)
- 7.5. Luxury Cigar Market - Asia Pacific
- 7.5.1. Asia Pacific: Luxury Cigar Market, by Distribution Channel, 2019-2032 (USD Billion)
- 7.5.2. Asia Pacific: Luxury Cigar Market, by Type, 2019-2032 (USD Billion)
- 7.5.3. Luxury Cigar Market - China
- 7.5.3.1. China: Luxury Cigar Market, by Distribution Channel, 2019-2032 (USD Billion)
- 7.5.3.2. China: Luxury Cigar Market, by Type, 2019-2032 (USD Billion)
- 7.5.4. Luxury Cigar Market - India
- 7.5.4.1. India: Luxury Cigar Market, by Distribution Channel, 2019-2032 (USD Billion)
- 7.5.4.2. India: Luxury Cigar Market, by Type, 2019-2032 (USD Billion)
- 7.5.5. Luxury Cigar Market - Malaysia
- 7.5.5.1. Malaysia: Luxury Cigar Market, by Distribution Channel, 2019-2032 (USD Billion)
- 7.5.5.2. Malaysia: Luxury Cigar Market, by Type, 2019-2032 (USD Billion)
- 7.5.6. Luxury Cigar Market - Japan
- 7.5.6.1. Japan: Luxury Cigar Market, by Distribution Channel, 2019-2032 (USD Billion)
- 7.5.6.2. Japan: Luxury Cigar Market, by Type, 2019-2032 (USD Billion)
- 7.5.7. Luxury Cigar Market - Indonesia
- 7.5.7.1. Indonesia: Luxury Cigar Market, by Distribution Channel, 2019-2032 (USD Billion)
- 7.5.7.2. Indonesia: Luxury Cigar Market, by Type, 2019-2032 (USD Billion)
- 7.5.8. Luxury Cigar Market - South Korea
- 7.5.8.1. South Korea: Luxury Cigar Market, by Distribution Channel, 2019-2032 (USD Billion)
- 7.5.8.2. South Korea: Luxury Cigar Market, by Type, 2019-2032 (USD Billion)
- 7.6. Luxury Cigar Market - Middle East & Africa
- 7.6.1. Middle East & Africa: Luxury Cigar Market, by Distribution Channel, 2019-2032 (USD Billion)
- 7.6.2. Middle East & Africa: Luxury Cigar Market, by Type, 2019-2032 (USD Billion)
- 7.6.3. Luxury Cigar Market - Saudi Arabia
- 7.6.3.1. Saudi Arabia: Luxury Cigar Market, by Distribution Channel, 2019-2032 (USD Billion)
- 7.6.3.2. Saudi Arabia: Luxury Cigar Market, by Type, 2019-2032 (USD Billion)
- 7.6.4. Luxury Cigar Market - UAE
- 7.6.4.1. UAE: Luxury Cigar Market, by Distribution Channel, 2019-2032 (USD Billion)
- 7.6.4.2. UAE: Luxury Cigar Market, by Type, 2019-2032 (USD Billion)
- 7.6.5. Luxury Cigar Market - Israel
- 7.6.5.1. Israel: Luxury Cigar Market, by Distribution Channel, 2019-2032 (USD Billion)
- 7.6.5.2. Israel: Luxury Cigar Market, by Type, 2019-2032 (USD Billion)
- 7.6.6. Luxury Cigar Market - South Africa
- 7.6.6.1. South Africa: Luxury Cigar Market, by Distribution Channel, 2019-2032 (USD Billion)
- 7.6.6.2. South Africa: Luxury Cigar Market, by Type, 2019-2032 (USD Billion)
- 7.7. Luxury Cigar Market - Latin America
- 7.7.1. Latin America: Luxury Cigar Market, by Distribution Channel, 2019-2032 (USD Billion)
- 7.7.2. Latin America: Luxury Cigar Market, by Type, 2019-2032 (USD Billion)
- 7.7.3. Luxury Cigar Market - Mexico
- 7.7.3.1. Mexico: Luxury Cigar Market, by Distribution Channel, 2019-2032 (USD Billion)
- 7.7.3.2. Mexico: Luxury Cigar Market, by Type, 2019-2032 (USD Billion)
- 7.7.4. Luxury Cigar Market - Brazil
- 7.7.4.1. Brazil: Luxury Cigar Market, by Distribution Channel, 2019-2032 (USD Billion)
- 7.7.4.2. Brazil: Luxury Cigar Market, by Type, 2019-2032 (USD Billion)
- 7.7.5. Luxury Cigar Market - Argentina
- 7.7.5.1. Argentina: Luxury Cigar Market, by Distribution Channel, 2019-2032 (USD Billion)
- 7.7.5.2. Argentina: Luxury Cigar Market, by Type, 2019-2032 (USD Billion)
8. Competitive Landscape
- 8.1. Expansion and Acquisition Analysis
- 8.1.1. Expansion
- 8.1.2. Acquisitions
- 8.2. Partnerships/Collaborations/Agreements/Exhibitions
9. Company Profiles
- 9.1. Daniel Marshall
- 9.1.1. Company Overview
- 9.1.2. Financial Performance
- 9.1.3. Product Benchmarking
- 9.1.4. Recent Development
- 9.2. Davidoff of Geneva USA
- 9.2.1. Company Overview
- 9.2.2. Financial Performance
- 9.2.3. Product Benchmarking
- 9.2.4. Recent Development
- 9.3. Fuente Marketing Ltd
- 9.3.1. Company Overview
- 9.3.2. Financial Performance
- 9.3.3. Product Benchmarking
- 9.3.4. Recent Development
- 9.4. Gurkha Cigar Group
- 9.4.1. Company Overview
- 9.4.2. Financial Performance
- 9.4.3. Product Benchmarking
- 9.4.4. Recent Development
- 9.5. Montecristo
- 9.5.1. Company Overview
- 9.5.2. Financial Performance
- 9.5.3. Product Benchmarking
- 9.5.4. Recent Development
- 9.6. My Father Cigars, Inc.
- 9.6.1. Company Overview
- 9.6.2. Financial Performance
- 9.6.3. Product Benchmarking
- 9.6.4. Recent Development
- 9.7. Piloto Cigars Inc. (Padron Cigars)
- 9.7.1. Company Overview
- 9.7.2. Financial Performance
- 9.7.3. Product Benchmarking
- 9.7.4. Recent Development
- 9.8. Royal Danish Cigars
- 9.8.1. Company Overview
- 9.8.2. Financial Performance
- 9.8.3. Product Benchmarking
- 9.8.4. Recent Development
- 9.9. Scandinavian Tobacco Group A/S (General Cigars)
- 9.9.1. Company Overview
- 9.9.2. Financial Performance
- 9.9.3. Product Benchmarking
- 9.9.4. Recent Development
- 9.10. Tatuaje Cigars, Inc.
- 9.10.1. Company Overview
- 9.10.2. Financial Performance
- 9.10.3. Product Benchmarking
- 9.10.4. Recent Development
Product Code: PM4191
List of Tables
- Table 1 Global Luxury Cigar Market, by Distribution Channel, 2019-2032 (USD Billion)
- Table 2 Global Luxury Cigar Market, by Type, 2019-2032 (USD Billion)
- Table 3 Luxury Cigar Market Assessment, By Geography, 2019-2032 (USD Billion)
- Table 4 North America: Luxury Cigar Market, by Distribution Channel, 2019-2032 (USD Billion)
- Table 5 North America: Luxury Cigar Market, by Type, 2019-2032 (USD Billion)
- Table 6 U.S.: Luxury Cigar Market, by Distribution Channel, 2019-2032 (USD Billion)
- Table 7 U.S.: Luxury Cigar Market, by Type, 2019-2032 (USD Billion)
- Table 8 Canada: Luxury Cigar Market, by Distribution Channel, 2019-2032 (USD Billion)
- Table 9 Canada: Luxury Cigar Market, by Type, 2019-2032 (USD Billion)
- Table 10 Europe: Luxury Cigar Market, by Distribution Channel, 2019-2032 (USD Billion)
- Table 11 Europe: Luxury Cigar Market, by Type, 2019-2032 (USD Billion)
- Table 12 UK: Luxury Cigar Market, by Distribution Channel, 2019-2032 (USD Billion)
- Table 13 UK: Luxury Cigar Market, by Type, 2019-2032 (USD Billion)
- Table 14 France: Luxury Cigar Market, by Distribution Channel, 2019-2032 (USD Billion)
- Table 15 France: Luxury Cigar Market, by Type, 2019-2032 (USD Billion)
- Table 16 Germany: Luxury Cigar Market, by Distribution Channel, 2019-2032 (USD Billion)
- Table 17 Germany: Luxury Cigar Market, by Type, 2019-2032 (USD Billion)
- Table 18 Italy: Luxury Cigar Market, by Distribution Channel, 2019-2032 (USD Billion)
- Table 19 Italy: Luxury Cigar Market, by Type, 2019-2032 (USD Billion)
- Table 20 Spain: Luxury Cigar Market, by Distribution Channel, 2019-2032 (USD Billion)
- Table 21 Spain: Luxury Cigar Market, by Type, 2019-2032 (USD Billion)
- Table 22 Netherlands: Luxury Cigar Market, by Distribution Channel, 2019-2032 (USD Billion)
- Table 23 Netherlands: Luxury Cigar Market, by Type, 2019-2032 (USD Billion)
- Table 24 Russia: Luxury Cigar Market, by Distribution Channel, 2019-2032 (USD Billion)
- Table 25 Russia: Luxury Cigar Market, by Type, 2019-2032 (USD Billion)
- Table 26 Asia Pacific: Luxury Cigar Market, by Distribution Channel, 2019-2032 (USD Billion)
- Table 27 Asia Pacific: Luxury Cigar Market, by Type, 2019-2032 (USD Billion)
- Table 28 China: Luxury Cigar Market, by Distribution Channel, 2019-2032 (USD Billion)
- Table 29 China: Luxury Cigar Market, by Type, 2019-2032 (USD Billion)
- Table 30 India: Luxury Cigar Market, by Distribution Channel, 2019-2032 (USD Billion)
- Table 31 India: Luxury Cigar Market, by Type, 2019-2032 (USD Billion)
- Table 32 Malaysia: Luxury Cigar Market, by Distribution Channel, 2019-2032 (USD Billion)
- Table 33 Malaysia: Luxury Cigar Market, by Type, 2019-2032 (USD Billion)
- Table 34 Japan: Luxury Cigar Market, by Distribution Channel, 2019-2032 (USD Billion)
- Table 35 Japan: Luxury Cigar Market, by Type, 2019-2032 (USD Billion)
- Table 36 Indonesia: Luxury Cigar Market, by Distribution Channel, 2019-2032 (USD Billion)
- Table 37 Indonesia: Luxury Cigar Market, by Type, 2019-2032 (USD Billion)
- Table 38 South Korea: Luxury Cigar Market, by Distribution Channel, 2019-2032 (USD Billion)
- Table 39 South Korea: Luxury Cigar Market, by Type, 2019-2032 (USD Billion)
- Table 40 Middle East & Africa: Luxury Cigar Market, by Distribution Channel, 2019-2032 (USD Billion)
- Table 41 Middle East & Africa: Luxury Cigar Market, by Type, 2019-2032 (USD Billion)
- Table 42 Saudi Arabia: Luxury Cigar Market, by Distribution Channel, 2019-2032 (USD Billion)
- Table 43 Saudi Arabia: Luxury Cigar Market, by Type, 2019-2032 (USD Billion)
- Table 44 UAE: Luxury Cigar Market, by Distribution Channel, 2019-2032 (USD Billion)
- Table 45 UAE: Luxury Cigar Market, by Type, 2019-2032 (USD Billion)
- Table 46 Israel: Luxury Cigar Market, by Distribution Channel, 2019-2032 (USD Billion)
- Table 47 Israel: Luxury Cigar Market, by Type, 2019-2032 (USD Billion)
- Table 48 South Africa: Luxury Cigar Market, by Distribution Channel, 2019-2032 (USD Billion)
- Table 49 South Africa: Luxury Cigar Market, by Type, 2019-2032 (USD Billion)
- Table 50 Latin America: Luxury Cigar Market, by Distribution Channel, 2019-2032 (USD Billion)
- Table 51 Latin America: Luxury Cigar Market, by Type, 2019-2032 (USD Billion)
- Table 52 Mexico: Luxury Cigar Market, by Distribution Channel, 2019-2032 (USD Billion)
- Table 53 Mexico: Luxury Cigar Market, by Type, 2019-2032 (USD Billion)
- Table 54 Brazil: Luxury Cigar Market, by Distribution Channel, 2019-2032 (USD Billion)
- Table 55 Brazil: Luxury Cigar Market, by Type, 2019-2032 (USD Billion)
- Table 56 Argentina: Luxury Cigar Market, by Distribution Channel, 2019-2032 (USD Billion)
- Table 57 Argentina: Luxury Cigar Market, by Type, 2019-2032 (USD Billion)
List of Figures
- Figure 1 Global Luxury Cigar Market, 2019-2032 (USD Billion)
- Figure 2 Integrated Ecosystem
- Figure 3 Research Methodology: Top-Down & Bottom-Up Approach
- Figure 4 Market by Geography
- Figure 5 Porter's Five Forces
- Figure 6 Market by Distribution Channel
- Figure 7 Global Luxury Cigar Market, by Distribution Channel, 2022 & 2032 (USD Billion)
- Figure 8 Market by Type
- Figure 9 Global Luxury Cigar Market, by Type, 2022 & 2032 (USD Billion)
- Figure 10 Luxury Cigar Market Assessment, By Geography, 2019-2032 (USD Billion)
- Figure 11 Strategic Analysis - Luxury Cigar Market
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