Market Overview

The Global Cigar Market was valued at USD 53,413.0 million in 2023 and is expected to reach USD 1,29,441.2 million by 2031 while growing at a CAGR of 11.7% during the forecast period (2024-2031). 

*Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report

Market Dynamics

This section of the report will analyze various driving and restraining factors that are expected to have a significant impact on the global cigar market growth. A cigar, a tobacco product wrapped in a tobacco leaf, comprises dried and fermented tobacco leaves for smoking. Larger and more complex in flavor than cigarettes, cigars come in diverse shapes and sizes, associated with leisure and relaxation. Enjoyed for their rich taste and the ritualistic aspect of smoking, cigars offer a nuanced experience.

Exclusive and limited-edition cigars, with unique blends and packaging, captivate collectors and enthusiasts, propelling the cigar market's growth driven by artisanal craftsmanship trends. Despite this, challenges like health concerns and the rise of anti-smoking campaigns may impede market expansion.

Furthermore, the global cigar industry will be analyzed through various tools including PESTLE analysis, and Porter’s analysis.

Segmentation – By Product Type Analysis

The Global Cigar Market is segmented among Conventional Cigar, and Premium Cigar, based on product type. In 2023, Conventional Cigar accounted for the majority of the market share*.

*Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report

Segmentation – By Distribution Channel Analysis

The Global Cigar Market is segmented among Offline Retail Stores, and Online Retail Stores, based on Distribution Channel. In 2023, Offline Retail Stores accounted for the majority of the market share*.

*Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report

Global Cigar Market: Regional Analysis

Based on region, the market is divided into six regions including North America, Europe, Asia Pacific, Latin America, Middle East, and Africa. In 2023, Asia Pacific dominated the market with the highest market share, while North America is expected to grow with the highest CAGR during the forecast period (2024 – 2031).

*Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report

Competitive Landscape

Some of the key players operating in the market are Imperial Brands Inc., Scandinavian Tobacco Group AS, Altria Group Inc., Swisher International Inc., China National Tobacco Corporation, Oettinger Davidoff AG, JC Newman Cigar Co., Manifatture Sigaro Toscano SPA, Japan Tobacco Inc., and Philip Morris International Inc.

Table of Contents:

1. Research Methodology and Market Scope

• Research Methodology

• Market Scope

2. Executive Summary

3. Global Cigar Market Dynamics

• Drivers

• Restraints

• Opportunity

4. Global Cigar Industry Analysis

• PEST Analysis

• Porter's Five Force Analysis

• Recent Deals Analysis

5. Global Cigar Market Segmentation, By Product Type

• Global Cigar Market Share Analysis, By Product Type

• Global Cigar Market Growth Analysis, By Product Type

• Global Cigar Market Trends, By Product Type

o Conventional Cigar

o Premium Cigar

6. Global Cigar Market Segmentation, By Distribution Channel

• Global Cigar Market Share Analysis, By Distribution Channel

• Global Cigar Market Growth Analysis, By Distribution Channel

• Global Cigar Market Trends, By Distribution Channel

o Offline Retail Stores

o Online Retail Stores    

7. Global Cigar Market Segmentation, By Region

• Global Cigar Market Share Analysis, By Region

• Global Cigar Market Growth Analysis, By Region

• Global Cigar Market Trends, By Region

o North America

o Europe

o Asia Pacific

o Latin America

o Middle East

o Africa

8. Competitive Landscape

• Imperial Brands Inc.*

o Company Overview

o Financial Performance

o Key Development/Strategies

o SWOT Analysis

• Scandinavian Tobacco Group AS

• Altria Group Inc.

• Swisher International Inc.

• China National Tobacco Corporation

• Oettinger Davidoff AG

• JC Newman Cigar Co.

• Manifatture Sigaro Toscano SPA

• Japan Tobacco Inc.

• Philip Morris International Inc       

 *Similar analysis will be provided for each company listed above.