According to IMARC Group latest report titled” Cigars and Cigarillos Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026”, the market is currently witnessing strong growth. The Global Cigars and Cigarillos Market size to continue its steady growth during the next five years. Cigar refers to a large roll of tobacco wrapped in a tobacco leaf, whereas a cigarillo is a slimmer and more extended version of a cigar. Tobacco leaves are fermented, dried, and then tightly rolled in varying sizes, lengths and thicknesses. Based on the high nicotine content, cigars and cigarillos have gained traction, especially among the high-dose nicotine consumers.
As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the purchase behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
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Market Trends:
The rising consumer living standards supported by their inflating income levels are propelling the demand for premium tobacco products, such as cigarillos and cigars. Furthermore, the easy product availability across several brick-and-mortar distribution channels, along with decreasing product tax rates, are also augmenting the market for cigars and cigarillos. Additionally, the escalating demand for high-nicotine products have led to a rising shift from sheesha and cigarettes, towards cigars and cigarillos. Moreover, the expanding hospitality industry has resulted in the introduction of cigar lounges in various luxury hotels and bars. Besides this, numerous product manufacturers are launching cigars and cigarillos in innovative flavors, such as vanilla, wine, tea, candy, etc., to expand their existing consumer base. In the coming years, the emergence of e-commerce platforms will continue to bolster the sales of cigars and cigarillos by providing diverse product ranges, secured payment gateways, faster delivery options, etc.
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Competitive Landscape with Key players:
The report has also analysed the competitive landscape of the market with some of the key players being.
- Altadis USA Inc.
- Arnold André GmbH & Co. KG
- Dosal Tobacco Corporation
- Drew Estate LLC
- Gurkha Cigar Group Inc.
- Habanos S.A.
- Cortes Cigars
- Wilh. von Eicken GmbH
- John Middleton Inc.
- JT International AG
- Oettinger Davidoff AG
- Scandinavian Tobacco Group A/S
- Swedish Match AB
- Swisher International Inc
Cigars and Cigarillos Market Segmentation:
Our report has categorized the market based on region, category, flavour, size and end user.
Market Breakup by Category:
- Cigar
- Parejo
- Figurado
- Cigarillo
- Market Breakup by Type:
- Mass
- Premium
Market Breakup by Flavour:
- Tobacco/No Flavour
- Fruit and Candy
- Mint and Menthol
- Chocolate and Vanilla
- Others
Market Breakup by Size:
- 01-4 inch
- 01-5 inch
- 01-6 inch
- 01-7 inch
- 01 inch and Above
Market Breakup by End User:
- Men
- Women
Market Breakup by Distribution Channel:
- Tobacco Shops
- Supermarkets and Hypermarkets
- Convenience Stores
- Online Stores
- Others
Market Breakup by Region:
- North America (United States, Canada)
- Europe (Germany, France, United Kingdom, Italy, Spain, Others)
- Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)
Key highlights of the report:
- Market Performance (2015-2020)
- Market Outlook (2021- 2026)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
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