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Fermented and dried
tobacco leaves are tightly rolled to form cigars and cigarillos. Both
cigars and cigarillos come in various size, length, and thickness. In
recent years, cigars and cigarillos have gained more popularity among
young adults. Owing to the increasing popularity and part of the
status symbol, manufacturers are offering cigars and cigarillos in
various flavors.
Moreover, in some
countries, the tax on cigars and cigarillos is low, this is likely to
drive the demand for cigars and cigarillos. Various types of
cigarillos are present in the market with the difference in the
quality. Many major companies are offering cigarillos in a small size
as a quick alternative to smoking for consumers. Cigars and
cigarillos made in machines are affordable, hence, consumed on a
large scale by customers.
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Manufacturers are
also offering cigars and cigarillos infused with various liquor,
desserts, and berry essences. People are also consuming cigars that
are small in size but have better taste, hence, companies are
investing in the research and development of new flavors and can also
differentiate their brands from others.
Manufacturers are
also focusing on pricing strategies to make it affordable and
increase consumption of tobacco products. However, stringent
regulation by the government on advertising tobacco products and
various restraints are hampering the growth of the global market for
cigars & cigarillos.
As per the report by
Persistence Market Research, the global cigars & cigarillos
market is expected to witness slow growth during 2017-2025. By the
end of 2025, the global market for cigars & cigarillos is also
estimated to exceed US$ 23,000 Million revenue.
Cigarillo to Witness
Significant Growth in the Global Cigars & Cigarillos Market
Based on the
Category, cigarillo is likely to witness the highest growth during
2017-2025. Towards the end of the forecast period, cigarillo is
projected to reach close to US$ 19,000 Million in terms of revenue.
On the basis of the
type of cigars & cigarillos, mass cigars and cigarillos are
expected to be most preferred during 2017-2025. Mass type of cigars
and cigarillos are also estimated to surpass US$ 22,000 Million
revenue by 2025 end.
In terms of flavor,
fruit/candy flavor is anticipated to be highly preferred in the
global cigars & cigarillos market. Fruit/candy flavor is also
projected to bring in more than US$ 9,000 Million revenue by the end
of 2025.
Based on the size,
5.01 to 6 inch of cigars & cigarillos are likely to account for
the highest sales in the global cigars & cigarillos market. By
the end of 2025, 5.01 to 6 inch of size is estimated to surpass US$
10,000 Million in terms of value.
On the basis of
gender, compared to female, male are likely to consume cigars &
cigarillos on a large scale during the forecast period. Towards, 2025
end, consumption of cigars & cigarillos by male is estimated to
bring in more than 20,000 Million revenue.
North America to
Rule the Global Cigars & Cigarillos Market
Geographically,
North America is expected to lead the global market for cigars &
cigarillos during 2017-2025. By 2025 end, North America is projected
to bring in more than US$ 9,000 Million revenue. Rising penetration
of cigar parlors in North America is driving the demand for cigars
and cigarillos. Moreover, Food and Drug Administration (FDA) has also
provided guidelines related to health warning statement and no
manufacturers will be allowed to sell cigars in the U.S. without the
warning statement as given by FDA.
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Leading Companies in
the Global Market for Cigars & Cigarillos
Some of the major
players in the global market for cigars & cigarillos are
Scandinavian Tobacco Group A/S, Imperial Brands, Plc., Habanos S.A.,
British American Tobacco, Swisher International, Inc., Altadis S.A.,
Swedish Match AB, Drew Estate LLC, Trendsettah USA, Inc., and
Oettinger Davidoff AG.
