Global Cigar Market, By Product (Mass Cigar, Premium Cigar), By Flavor (Unflavoured, Flavored), By Composition (Packaging, Fillers, Binders), By Distribution Channel (Online, Offline), By Region, competition forecast and opportunities, 2027
New York, July 21. 2022 (GLOBE NEWSWIRE) — Reportlinker.com announces the publication of the report “Global Cigars Market, By Product, By Flavor, By Composition, By Distribution Channel, By Region, Competition Forecast and Opportunities, 2027” – https://www.reportlinker.com/p06293085/?utm_source=GNW
The global cigar market is expected to grow at a steady CAGR during the forecast period, 2023-2027. Factors such as the booming hotel sector and the increase in the number of luxury hotels and restaurants are mainly driving the demand for the global cigar market. .
Developing countries develop and evolve economically, which leads to an increase in the disposable income of middle-class families. Additionally, surging tobacco use among millennials and development of online distribution channels for expanding consumer base is expected to propel the growth of the global cigar market in the coming years.
The global cigars market is segmented into product, flavor, composition, distribution channel, competitive landscape and regional distribution. Based on product, the market is divided into mass cigars and premium cigars.
Mass cigars are expected to capture the highest market share during the forecast period, 2023-2027. Cigars sold in bulk are made on a machine and largely contain tobacco.
The majority of premium cigars are handcrafted and rare. However, the cost of a quality cigar is higher than a mass-produced cigar; therefore, more and more customers choose mass-produced cigars because their price is more reasonable.
The major players operating in the global cigar market are Imperial Brands, Scandinavian Tobacco Group AS, Altria Group Inc., Habanos SA, Swisher International Inc., Swedish Match AB, Villiger Sohne AG, Burger Sohne Holding AG (Danneman), Arnold Andre GmbH. & Company KG, Holt’s Cigar Company Inc., among others.
Years considered for this report:
Historical years: 2017-2020
Base year: 2021
Estimated year: 2022E
Forecast Period: 2023F–2027F
Goal of the study:
• To analyze historical market size growth of the global cigar market from 2017 to 2021.
• Estimate and forecast the global cigar market size from 2022E to 2027F and the growth rate till 2027F.
• To classify and forecast the global cigars market based on product, flavor, composition, distribution channel, regional distribution and competitive landscape.
• To identify the dominant region or segment in the global cigar market.
• Identify drivers and challenges for the global cigar market.
• Examine competitive developments such as expansions, new product launches, mergers and acquisitions, etc., in the global cigar market.
• Identify and analyze the profile of key players operating in the global cigar market.
• Identify the key sustainable strategies adopted by market players in the global cigar market.
The analyst conducted extensive primary and secondary research for this study. Initially, the analyst procured a list of manufacturers, suppliers, and around the world.
Subsequently, the analyst conducted primary research surveys with the identified companies. During the interviews, the respondents were also asked about their competitors.
Using this technique, the analyst could include manufacturers that could not be identified due to secondary research limitations. The analyst looked at the manufacturers, distribution channels and presence of all major players across the globe.
The analyst has calculated the global cigar market size using a bottom-up approach, in which data from various end-user segments has been recorded and forecasted for the coming years. The analyst obtained these values from industry experts and company representatives and validated them externally by analyzing historical data of these types of products and applications to derive an appropriate overall market size.
Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations and financial reports were also studied by the analyst.
Key target audience:
• Manufacturers, end users and other stakeholders
• Product distributors and suppliers and other stakeholders
• Organizations, forums and alliances related to the cigar market
• Market research and consulting firms
The study is helpful in providing answers to several critical questions which are important for industry stakeholders such as manufacturers, distributors, end users etc., besides enabling them to form strategies for investment and capitalize on market opportunities.
In this report, the global cigars market has been segmented into the following categories, in addition to industry trends which have also been detailed below:
• World cigar market, by product:
o Mass Cigar
o Premium Cigar
• World cigar market, by flavor:
• World cigar market, by composition:
• Global cigar market, by distribution channel:
• World cigar market, by region:
o North America
o Middle East and Africa
United Arab Emirates
o South America
Company Profiles: Detailed analysis of the major companies present in the global cigar market.
With the given market data, we offer customizations based on the specific needs of a business. The following customization options are available for the report:
• Detailed analysis and profiling of other market players (up to five).
Read the full report: https://www.reportlinker.com/p06293085/?utm_source=GNW
ReportLinker is an award-winning market research solution. Reportlinker finds and organizes the latest industry data so you get all the market research you need – instantly, in one place.
CONTACT: Clare: [email protected] US: (339)-368-6001 Intl: +1 339-368-6001