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Cigar & Cigarillos Market 2025 Report by Revenue, Key Drivers by Manufacturers, Upcoming Trends

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Rahul Sharma
Cigar & Cigarillos Market 2025 Report by Revenue, Key Drivers by Manufacturers, Upcoming Trends

The global Cigar And Cigarillos Market is projected to reach USD 21.02 billion by 2025, according to a new report by Million Insights. The market is expected to grow with a CAGR of 3.1% over the forecast period, 2019 to 2025. The rising number of luxury hotels offering premium cigar products coupled with the introduction of cost-effective products is expected to drive market growth. Cigars are considered to have a better reputation than cigarettes and available in different flavors.

 

Request a Sample PDF Copy of This Report @ https://www.millioninsights.com/industry-reports/global-cigar-cigarillos-market/request-sample

 

Market Synopsis of Cigar & Cigarillos Market:

 

The mass segment held the largest market share owing to its rising popularity among younger generations. Additionally, a rise in the number of female consumers in developed countries is supplementing the demand for mass products. However, the premium segment is expected to register the highest CAGR during forecast years. The growing popularity of hand-rolled premium cigar and the introduction of innovative flavors are driving the demand for this segment. The premium segment is widely consumed in matured markets such as the United States, United Kingdom and China.

 

The flavored product segment is projected to grow with a CAGR of 3.2% during the forecast period. The popularity of flavored cigars is surging, as their tastes are better than the natural tobacco flavor. In addition, consumers are changing their smoking preferences and a large number of them are shifting towards cigar and cigarillos from conventional cigarettes and other tobacco products. Moreover, considering the increasing demand for flavored products, many companies are focusing on the introduction of innovative flavors to attract consumers.

 

North America held the largest market share in the global cigar & cigarillos market in 2018. The rising demand for premium products in the United States is driving sales in this region. The United States alone accounted for 55% market share in the global market. The country is followed by Germany and China in terms of demand. The growing number of financially independent young population in China and the rise in the number of cigar lounges are primarily driving the growth of this market in the country.

 

View Full Table of Contents of This Report @ https://www.millioninsights.com/industry-reports/global-cigar-cigarillos-market

 

Table of Contents:-

Chapter 1 Methodology and Scope

Chapter 2 Executive Summary

Chapter 3 Cigar & Cigarillos: Market Variables, Trends & Scope              

Chapter 4 Cigar & Cigarillos: Product Estimates & Trend Analysis

Chapter 5 Cigar & Cigarillos: Application Estimates & Trend Analysis

Chapter 6 Cigar & Cigarillos: End-use Estimates & Trend Analysis

Chapter 7 Cigar & Cigarillos: Industrial End-use Estimates & Trend Analysis

Chapter 8 Cigar & Cigarillos: Regional Estimates & Trend Analysis

Chapter 9 Competitive Landscape

Chapter 10 Cigar & Cigarillos: Manufacturers Company Profiles

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