Cigars are rolled bundles of tobacco leaves, which are fermented and dried. Many manufacturers add flavors and taste enhancers to provide unique blends. The business is considered one of the oldest in the world with the first cigars ever smoked dated back to 10th Century in Mayan Civilization.
The Cigars market has been one of the most consistent and ever growing market worldwide with almost 20% of the world population smoking tobacco and related products. Its expected to be a $21 Billion industry by 2025, with a CAGR of 3.1% over the forecast period.
With a greater societal acceptance worldwide for cigars, the market is ever expansive with both male and female smokers increasing everyday.
Global Premium Cigars
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The Cigars Market is segmented based upon type, product, application, end user and region.
Based upon type, the market is segmented as
- Tobacco/No Flavor
- Mint & Menthol
- Chocolate & Vanilla
- Fruit & Candy
Based upon product, the market is segmented as
- Machine made cigars
- Hand Rolled Cigars
Based upon application, the market is segmented as
- Departmental Stores
- Specialty Stores
Based upon end user, the market is segmented as
- Male User
- Female User
Based upon region, the market is segmented as
- North America
- South America
- Middle East & Africa
North America has seen a decline in production over the last decade due to strict rules being implemented. with increased awareness as to the detrimental effects of tobacco, the key companies are shifting their focus from North America to other regions.
Europe has seen a rise of Cigars consumption with Eastern Europe clocking the higher growth rate. With a high amount of people taking up smoking everyday and lenient regulations from the authorities, the market is expected to see a growth in European countries.
Asia-Pacific is set to witness the highest growth of Cigars consumption in the coming future. With a major demand and emerging economy. China is expected to overtake USA is highest global Cigars consumption. With lenient rules and laxer anti-smoking measure, the region is expected to clock the highest growth for global Cigars market.
With a majority of Female population taking up smoking worldwide, the global revenues has witness a major boost for Cigars. With an active participation of female workforce, peer pressure, a greater societal acceptance of nicotine and availability, the Cigars market has penetrated the low income and middle income countries. The majority of revenue is derived from machine made cigars which are cheaper.
With innovation in flavor and taste, the market has seen a tremendous growth in the last couple of years. With multiple choice of flavors, an increasing number of people has accepted cigars.
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Table Of Content:
1 Market Overview
2 Global Market Competition by Manufacturers
3 Global Capacity, Production, Revenue (Value) by Region (2013-2018)
4 Global Supply (Production), Consumption, Export, Import by Region (2013-2018)
5 Global Production, Revenue (Value), Price Trend by Type
6 Global Market Analysis by Application
7 Global Manufacturers Profiles/Analysis
8 Manufacturing Cost Analysis
9 Industrial Chain, Sourcing Strategy and Downstream Buyers
10 Marketing Strategy Analysis, Distributors/Traders
11 Market Effect Factors Analysis
12 Global Market Forecast (2018-2025)
13 Research Findings and Conclusion
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