Cigar Market is Expected to Witness a Steady Growth by 2015 - 2021 Cigar Market is Expected to Witness a Steady Growt | Page 3
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Cigar Market is Expected to Witness a Steady Growth by 2015 –
2021
Cigars are firmly-rolled cylindrical bundle of fermented and dried tobacco which is ignited and
smoked by drawing in the mouth. Cigar tobacco is mostly grown in Latin America, Philippines,
Eastern United States, Spain and Italy. Cigar is considered to be a status symbol by many and is
more prevalent in European countries within premium segment.
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The Cigars market across the globe is expected to show a single digit increase in CAGR growth
by the year 2019. There is a significant increase in the Cigar market due to the usage of Cigar in
multiple occasions such as social parties, birthday parties, colleges and among corporate.
The key drivers of this market include the addition of smokers to inhale and cigars are considered
superior than cigarettes due to lower levels of nicotine. Rising middle class, culture shift and
affluent life style are among other driving forces in cigar consumption. Restraining factors could be
plethora of government regulations and ban on tobacco production and consumption in several
countries. In addition growing health concerns and aging of population act as another major
restrains to consumption of Cigar. Major distribution channels are supermarkets, speciality stores
and departmental stores.
The Cigar market can be segmented into three major types on the basis of composition as
wrappers, fillers and binders. It can also be segmented on the basis of shape and size as Parejo,
Figurado, Pyramid, Culebras, Tuscanian and Little Cigars. In this report we have segmented the
market geographically into North America, APAC, Europe and RoW regions.
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Some of the key players in the Cigar market are Finck Cigar Company, ITC Limited, Altadis,
General Cigar Company Inc., Partagas cigars, Perdomo cigars, Oliva cigars, Rodrigo cigars, Paul
Stulac cigars, and Rocky Patel cigars.
Key geographies evaluated in this report are:
North America
o U.S
o Canada
Europe
o France, Germany, Italy, Spain, and the UK
o Eastern Europe
o CIS
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