Outlook on the Cigars Global Market to 2027 - A Booming Hospitality Sector and the Rise in the Number of Luxury Hotels and Restaurants are Driving Demand - ResearchAndMarkets.com

DUBLIN--(BUSINESS WIRE)--The "Global Cigars Market, By Product (Mass Cigar, Premium Cigar), By Flavor (Non-Flavored, Flavored), By Composition (Wrappers, Fillers, Binders), By Distribution Channel (Online, Offline), By Region, Competition Forecast & Opportunities, 2027" report has been added to ResearchAndMarkets.com's offering.

The global cigars market is expected to witness growth at a steady CAGR in the forecast period, 2023-2027.

Companies Mentioned

• 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

Factors such as the booming hospitality sector and the rise in the number of luxury hotels and restaurants are primarily driving the demand for the global cigars market. Developing countries are growing and evolving economically, resulting in an increase in the disposable income of middle-class families.

Also, the surge in consumption of tobacco among millennials and the development of online distribution channels for the expansion of the consumer base are expected to propel the global cigars market growth 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 bifurcated into the mass cigar and premium cigars. Mass cigars are anticipated to capture the highest market share over the forecast period, 2023-2027. Cigars sold in bulk are manufactured 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; as a result, more and more customers choose mass-produced cigars since they are more reasonably priced.

Years considered for this report:

• Historical Years: 2017-2020
• Base Year: 2021
• Estimated Year: 2022E
• Forecast Period: 2023F-2027F

Objective of the Study:

• To analyze the historical growth in the market size of global cigars market from 2017 to 2021
• To estimate and forecast the market size of global cigars market from 2022E to 2027F and growth rate until 2027F
• To classify and forecast global cigars market based on product, flavor, composition, distribution channel, regional distribution, and competitive landscape
• To identify dominant region or segment in the global cigars market
• To identify drivers and challenges for global cigars market
• To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in global cigars market
• To identify and analyze the profile of leading players operating in global cigars market
• To identify key sustainable strategies adopted by market players in global cigars market

Report Scope:

In this report, global cigars market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

Global Cigars Market, By Product:

• Mass Cigar
• Premium Cigar

Global Cigars Market, By Flavor:

• Non-Flavored
• Flavored

Global Cigars Market, By Composition:

• Wrappers
• Fillers
• Binders

Global Cigars Market, By Distribution Channel:

• Online
• Offline

Global Cigars Market, By Region:North America

• United States
• Canada
• Mexico

Europe

• Germany
• France
• United Kingdom
• Italy
• Spain

Asia-Pacific

• China
• Japan
• India
• South Korea
• Australia

Middle East & Africa

• South Africa
• Saudi Arabia
• UAE

South America

• Brazil
• Argentina
• Colombia

For more information about this report visit https://www.researchandmarkets.com/r/kbbxqd