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Luxury Cigar Market Growth, Trends and Upcoming Opportunities 2030

Luxury Cigar Market is valued at approximately USD 11.61 billion in 2020 and is anticipated to grow with a healthy growth rate of more than 7.2 % over the forecast period 2021-2027.

Luxury Cigar is a bundle of fermented and dried tobacco leaves rolled into a royal and luxurious cylindrical shape for smoking. It can be hand-rolled and machine-rolled. The increasing consumption of tobacco has led to the adoption of Luxury Cigar across the forecast period. For Instance: according to the World Health Organization in 2021, the number of tobacco consumers is increasing rapidly. Approximately 1.3 million tobacco users are from developing countries and about 20 % of the global tobacco users are living in developed countries.

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As per the same source, 8 million people are consuming tobacco each year. Rising investment in cigar lounges is anticipating the growth of Luxury Cigar Market. Also, with the increasing expansion of the tobacco industry, the adoption & demand for Luxury Cigar is likely to increase the market growth during the forecast period. However, harmful health effects impede the growth of the market over the forecast period of 2021-2027.

The geographical regions considered for the global Luxury Cigar market analysis include Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is the dominating region across the globe in terms of huge market share due to the increasing consumption of tobacco, adoption of luxurious lifestyle and rising investment in cigar lounges. Whereas, Asia-Pacific is also estimated to attain a maximum growth rate during 2021-2027. Factors such as rising production of tobacco, growing number of smokers would create beneficial growth forecasts for the Luxury Cigar market across Asia-Pacific region.

Major market players included in this report are:
Fuente Marketing Ltd.
General Cigar
Regius Cigars Ltd.
Gurkha Cigar Group
Gran Habano Cigars
Mayan Import
The Villiger Group
Altadis
Rocky Patel Premium Cigars
Swisher

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players.

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The detailed segments and sub-segment of the market are explained below:
By Type:
Hand Rolled
Machine Rolled
By Distribution Channel:
Online
Offline
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE

Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World

Furthermore, years considered for the study are as follows:

Historical year – 2018, 2019
Base year – 2020
Forecast period – 2021 to 2027

Target Audience of the Global Luxury Cigar Market in Market Study:

Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors

Companies Mentioned

Fuente Marketing Ltd.
General Cigar
Regius Cigars Ltd.
Gurkha Cigar Group
Gran Habano Cigars
Mayan Import
The Villiger Group
Altadis
Rocky Patel Premium Cigars

Regional Insights

North America is leading the semiconductor and electronics market through increasing number of collaboration and effective government policies. Semiconductor companies in the United States spend about one-fifth of their total revenue on research and development – among the highest rates in any industry. Throughout difficult economic times and through fluctuations in sales revenue, the industry has consistently prioritized R&D. In order to maintain the partnership, the federal government is funding research at sustainable levels. The industry will continue to drive economic growth and develop technologies that will advance the future.

Impact Analysis of COVID-19

Construction companies moved quickly to secure supply chains, protect their employees, and address other urgent concerns after the spread of COVID-19. In spite of seriousness of the situation and the fact that many governments continue to impose physical distance requirements, construction companies are now forward when the pandemic subsides and a new normal begins. As a result of COVID-19, many fundamental aspects of the sector have changed, including customer behavior, business revenue, and various features of corporate operations. Thus, some companies may unable to survive the crisis.

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Aim of the Report

  • This study aims to determine the market size of various segments and countries with forecast values for next ten years.
  • Within the regions and countries studied, the report covers both qualitative and quantitative aspects of the industry.
  • It also provides detailed information about the crucial aspects such as drivers & challenges that will influence the market’s future growth.
  • The report will also include investment opportunities in micro markets for stakeholders. In addition, an in-depth analysis of key players’ products and the competitive landscape.

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