Market Overview:
The global premium cigars market is expected to grow at a CAGR of 5.5% during the forecast period 2018-2030. The market growth can be attributed to the increasing demand for premium cigars from male and female smokers across the globe. Additionally, factors such as rising disposable income, changing lifestyle and growing awareness about the health benefits of smoking premium cigars are also contributing to the growth of this market. The global premium cigars market is segmented on the basis of type, application and region. On the basis of type, it is divided into above6.5 inches, 5-6.5 inches and below5 inches segments respectively. Among these segments, above6 .5 inches segment dominates in terms of value due to high price point associated with these products as compared to other types available in this category In terms of volume however; 5- 6 .
Product Definition:
Premium cigars are high-quality cigars that are made from aged tobacco leaves. They are usually wrapped in premium leaf tobacco and have a smooth, mellow flavor. Premium cigars can be smoked for pleasure or used as an investment tool.
Above6.5 Inches:
The size of a cigar is determined by the ring gauge, which is the thickness of the cigar. The larger the ring gauge, generally means thicker and longer it will be. A normal sized or standard-sized cigar has a ring gauge between 33 and 50; a large-ring-gauge cigar has a diameter of around 1.5 inches (38 mm), while an above average-sized one has about 2 inches (50 mm).
5-6.5 Inches:
5-6.5 inches is the range of lengths that premium cigars are supposed to be in terms of size. The 5-6.5 inches range includes a wide variety of premium cigar such as Montecristo, Romeo by Julieta, and Java by Arturo Fuente among others which are considered to be some of the best selling brands globally owing to their taste and flavor.
Application Insights:
The male smokers segment held the largest share of over 70.0% in 2017. The application of premium cigars for male smokers is gaining significant traction as it offers a more intense and fuller-flavored smoke experience, which is likely to drive the demand for premium cigars in this segment.
Female smoking is expected to be one of the fastest-growing segments owing to increasing awareness regarding health issues among women concerning secondhand tobacco smoke and growing concerns about feminine beauty along with cigar smoking becoming increasingly fashionable among female millennials across the globe. This trend has led many prominent manufacturers including Liga Privada, Padilla Cigars & Co.
Regional Analysis:
North America dominated the global premium cigars market in 2017. The U.S., in particular, is one of the largest consumers of premium cigars and has been so for over a decade now. According to Cigar Association of America, Inc., around 70% to 80% of all cigar sales are made up by Cuban brands such as Cohiba, Montecristo, and Partagas that are exported from Cuba to other countries including the U.S., Canada, and Mexico since they are not allowed to be sold within their country's borders due to trade embargoes levied against them by the United States government since 1962 until recently when relations were normalized in 2015 under then President Barack Obama administration). However this did not deter American smokers from purchasing these products owing its wide availability across various online portals despite restrictions on selling Cuban cigars within their own country or through any third party distributors (except licensed ones).
Growth Factors:
- Increasing disposable income of the consumers in developing countries is expected to drive the growth of premium cigars market over the forecast period.
- Growing popularity of cigar smoking among celebrities and affluent people is anticipated to fuel demand for premium cigars in the coming years.
- Rising awareness about the health benefits associated with cigar smoking is projected to boost sales of premium cigars in near future.
- Availability of a wide variety of flavors and brands in the market is likely to increase adoption rate of premium cigars among consumers worldwide.
Scope Of The Report
Report Attributes
Report Details
Report Title
Premium Cigars Market Research Report
By Type
Above6.5 Inches, 5-6.5 Inches, Below5 Inches
By Application
Male Smokers, Female Smokers
By Companies
Imperial Tobacco Group, Arturo Fuente, Swisher International, Scandinavian Tobacco Group, Habanos, J. Cortès cigars, Oettinger Davidoff, Plasencia Cigars, China Tobacco
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
234
Number of Tables & Figures
164
Customization Available
Yes, the report can be customized as per your need.
Global Premium Cigars Market Report Segments:
The global Premium Cigars market is segmented on the basis of:
Types
Above6.5 Inches, 5-6.5 Inches, Below5 Inches
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Male Smokers, Female Smokers
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Imperial Tobacco Group
- Arturo Fuente
- Swisher International
- Scandinavian Tobacco Group
- Habanos
- J. Cortès cigars
- Oettinger Davidoff
- Plasencia Cigars
- China Tobacco
Highlights of The Premium Cigars Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Above6.5 Inches
- 5-6.5 Inches
- Below5 Inches
- By Application:
- Male Smokers
- Female Smokers
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Premium Cigars Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Premium cigars are those that have a higher price tag than other cigars. They may be made with more expensive tobacco, or they may be hand-rolled in smaller batches.
Some of the major companies in the premium cigars market are Imperial Tobacco Group, Arturo Fuente, Swisher International, Scandinavian Tobacco Group, Habanos, J. CortƒÂ¨s cigars, Oettinger Davidoff, Plasencia Cigars, China Tobacco.
The premium cigars market is expected to grow at a compound annual growth rate of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Premium Cigars Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Premium Cigars Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Premium Cigars Market - Supply Chain
4.5. Global Premium Cigars Market Forecast
4.5.1. Premium Cigars Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Premium Cigars Market Size (000 Units) and Y-o-Y Growth
4.5.3. Premium Cigars Market Absolute $ Opportunity
5. Global Premium Cigars Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Premium Cigars Market Size and Volume Forecast by Type
5.3.1. Above6.5 Inches
5.3.2. 5-6.5 Inches
5.3.3. Below5 Inches
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Premium Cigars Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Premium Cigars Market Size and Volume Forecast by Application
6.3.1. Male Smokers
6.3.2. Female Smokers
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Premium Cigars Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Premium Cigars Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Premium Cigars Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Premium Cigars Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Premium Cigars Demand Share Forecast, 2019-2026
9. North America Premium Cigars Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Premium Cigars Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Premium Cigars Market Size and Volume Forecast by Application
9.4.1. Male Smokers
9.4.2. Female Smokers
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Premium Cigars Market Size and Volume Forecast by Type
9.7.1. Above6.5 Inches
9.7.2. 5-6.5 Inches
9.7.3. Below5 Inches
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Premium Cigars Demand Share Forecast, 2019-2026
10. Latin America Premium Cigars Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Premium Cigars Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Premium Cigars Market Size and Volume Forecast by Application
10.4.1. Male Smokers
10.4.2. Female Smokers
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Premium Cigars Market Size and Volume Forecast by Type
10.7.1. Above6.5 Inches
10.7.2. 5-6.5 Inches
10.7.3. Below5 Inches
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Premium Cigars Demand Share Forecast, 2019-2026
11. Europe Premium Cigars Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Premium Cigars Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Premium Cigars Market Size and Volume Forecast by Application
11.4.1. Male Smokers
11.4.2. Female Smokers
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Premium Cigars Market Size and Volume Forecast by Type
11.7.1. Above6.5 Inches
11.7.2. 5-6.5 Inches
11.7.3. Below5 Inches
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Premium Cigars Demand Share, 2019-2026
12. Asia Pacific Premium Cigars Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Premium Cigars Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Premium Cigars Market Size and Volume Forecast by Application
12.4.1. Male Smokers
12.4.2. Female Smokers
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Premium Cigars Market Size and Volume Forecast by Type
12.7.1. Above6.5 Inches
12.7.2. 5-6.5 Inches
12.7.3. Below5 Inches
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Premium Cigars Demand Share, 2019-2026
13. Middle East & Africa Premium Cigars Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Premium Cigars Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Premium Cigars Market Size and Volume Forecast by Application
13.4.1. Male Smokers
13.4.2. Female Smokers
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Premium Cigars Market Size and Volume Forecast by Type
13.7.1. Above6.5 Inches
13.7.2. 5-6.5 Inches
13.7.3. Below5 Inches
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Premium Cigars Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Premium Cigars Market: Market Share Analysis
14.2. Premium Cigars Distributors and Customers
14.3. Premium Cigars Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Imperial Tobacco Group
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Arturo Fuente
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Swisher International
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Scandinavian Tobacco Group
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Habanos
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. J. Cortès cigars
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Oettinger Davidoff
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Plasencia Cigars
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. China Tobacco
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. COMPANY 10
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
