Insights Into The Luxury Cigars Market’s Growth Opportunities Through 2023-2032 – Includes Luxury Cigars Market Size
The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032
The increasing consumption of tobacco among millennials are expected to drive innovation in luxury cigars manufacturing, thus driving the market during the forecast period.
The global luxury cigars market is expected to grow from $12.72 billion in 2022 to $12.13 billion in 2023 at a compound annual growth rate (CAGR) of -4.6%. The luxury cigars market is expected to grow from $11.26 billion in 2027 at a CAGR of -1.8%.
Get A Free Sample On The Global Luxury Cigars Market Report:
Global Luxury Cigars Market Segments Include:
- By Type: Machine-made Cigars, Handmade Cigars
- By Shape: Parejo Cigars, Figurado Cigars
- By Flavor: Tobacco/No Flavor, Flavored
- By Application: Male Smokers, Female Smokers
- By Distribution Channel: Online, Offline
- By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, North America is the largest region in the global luxury cigars market in 2021.
Major Market Players in the luxury cigars market include Imperial Brands, Swedish Match, Swisher International, Scandinavian Tobacco Group, Agio Cigars, China Tobacco, Regius Cigars Ltd., Gurkha Cigar Group.
Technological advancements have emerged as a key trend gaining popularity in the luxury cigars market. Major companies operating in the luxury cigars sector are focused on developing new technological solutions to reinforce their position. For instance, in September 2021, HumidifGroup USA, a US-based company specializing in the fabrication and design of accessories and packaging for the cigar sector, launched Ferio Tego Cigar Co based on Smart packaging technology. With a simple swipe of the phone, smart packaging immerses the end-user in information, sleek movies, and education.
The Luxury Cigars Global Market Report 2023 provides a luxury cigars market overview for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The luxury cigars market forecast analyzes luxury cigars market size, luxury cigars market share, leading competitor market positions. The regions covered in the report include Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa and the countries include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
A luxury cigar is a tobacco leaf bundle that has been fermented, dried, and rolled into a royal, sumptuous, cylindrical shape for smoking. These cigars are 7 inches long and contain 5 to 20 grams of tobacco. It is created completely by hand from all-natural tobacco leaf, manually built, and wrapped.
Explore Similar Reports From The Business Research Company:
Luxury Vinyl Tiles Flooring Global Market Report 2023
Tobacco Products Global Market Report 2023
ECigarettes Global Market Report 2023
Learn More About The Business Research Company
The Business Research Company has published over 3000+ detailed industry reports, spanning over 3000+ market segments and 60 geographies. The reports draw on 1,500,000 datasets, extensive secondary research, and exclusive insights from interviews with industry leaders.
Contact us at:
The Business Research Company: https://www.thebusinessresearchcompany.com/
Americas +1 3156230293
Asia +44 2071930708
Europe +44 2071930708
Email us at email@example.com
Follow us on:
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model
Found this article helpful? Share it on: