Luxury Cigar Market

Luxury Cigar Market Size & Overview – Key Insights & Forecast

Base Year: 2021 Historical Data: 2019-20
  • Report ID: TBI-12664
  • Published Date: Feb, 2022
  • Pages: 235
  • Category: Consumer Goods
  • Format: PDF
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Market Introduction

Global luxury cigar market is expected to reach USD 25.26 Billion by 2030, at a CAGR of 7.80% from 2022 to 2030. Customer preference for the luxury cigar market is increasing, which indirectly boosts the rising demand for large consumer preference towards products complimenting the luxury forms of life, resulting in acquiring the fast-growing market of cigars, drives the expansion of the luxury cigar market.

Cigars are big rolls of tobacco, while cigarillos are a tinier form of large cigars. Cigars own a mark of success and luxury. Therefore, cigarillos and cigars are usually smoked to glorify certain events. Additionally, factories make cigarillos and cigars with more pleasing tastes to repress the powerful flavor of tobacco. The smoking tendency has also evolved famous among youthful grown-ups. The advanced techniques used by tobacco firms are to determine customer awareness on cigars and cigarillos to understand the most liked tastes of the customer. Premium or luxury cigars are created entirely by hand with long-leaf tobaccos, though some assorted filler with short and long-leaf handcrafted cigars are also called premium cigars. This led to the reason why many premium cigars are expensive. The cigars are usually 6.5 inches long and typically contain between 6 and 19 grams of tobacco. Some premium cigars incorporate tobacco equal to a complete packet of cigarettes and may take a couple of hours to smoke. Worldwide, smoking has dropped, but one niche segment of the cigarette market is thriving. Sales of luxury cigars are growing between 3-4 percent on an year.

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1. Introduction
    1.1. Objectives of the Study
    1.2. Market Definition
    1.3. Research Scope
    1.4. Currency
    1.5. Key Target Audience

2. Research Methodology and Assumptions

3. Executive Summary

4. Premium Insights
    4.1. Porter’s Five Forces Analysis
    4.2. Value Chain Analysis
    4.3. Top Investment Pockets
          4.3.1. Market Attractiveness Analysis By Distribution Channel
          4.3.2. Market Attractiveness Analysis By Type
          4.3.3. Market Attractiveness Analysis By Application
          4.3.4. Market Attractiveness Analysis By Region
    4.4. Industry Trends

5. Market Dynamics
    5.1. Market Evaluation
    5.2. Drivers
          5.2.1. Increasing reliance on addiction of nicotine
    5.3. Restraints
          5.3.1. Growing problem regarding fitness and health
    5.4. Opportunity
          5.4.1. Interest towards of western lifestyle
    5.5. Challenge
          5.5.1. Government restrictions over advertisement

6. Global Luxury Cigar Market Analysis and Forecast, By Distribution Channel
    6.1. Segment Overview
    6.2. Offline
    6.3. Online

7. Global Luxury Cigar Market Analysis and Forecast, By Type
    7.1. Segment Overview
    7.2. Machine Rolled
    7.3. Hand Rolled

8. Global Luxury Cigar Market Analysis and Forecast, By Application
    8.1. Segment Overview
    8.2. Female Smokers
    8.3. Male Smokers

9. Global Luxury Cigar Market Analysis and Forecast, By Regional Analysis
    9.1. Segment Overview
    9.2. North America
          9.2.1. U.S.
          9.2.2. Canada
          9.2.3. Mexico
    9.3. Europe
          9.3.1. Germany
          9.3.2. France
          9.3.3. U.K.
          9.3.4. Italy
          9.3.5. Spain
    9.4. Asia-Pacific
          9.4.1. Japan
          9.4.2. China
          9.4.3. India
    9.5. South America
          9.5.1. Brazil
    9.6. Middle East and Africa
          9.6.1. UAE
          9.6.2. South Africa

10. Global Luxury Cigar Market -Competitive Landscape
    10.1. Overview
    10.2. Market Share of Key Players in Global Luxury Cigar Market
          10.2.1. Global Company Market Share
          10.2.2. North America Company Market Share
          10.2.3. Europe Company Market Share
          10.2.4. APAC Company Market Share
    10.3. Competitive Situations and Trends
          10.3.1. Product Launches and Developments
          10.3.2. Partnerships, Collaborations and Agreements
          10.3.3. Mergers & Acquisitions
          10.3.4. Expansions

11. Company Profiles
    11.1. Altadis.
          11.1.1. Business Overview
          11.1.2. Company Snapshot
          11.1.3. Company Market Share Analysis
          11.1.4. Company Product Portfolio
          11.1.5. Recent Developments
          11.1.6. SWOT Analysis
    11.2. Fuente Marketing Ltd
          11.2.1. Business Overview
          11.2.2. Company Snapshot
          11.2.3. Company Market Share Analysis
          11.2.4. Company Product Portfolio
          11.2.5. Recent Developments
          11.2.6. SWOT Analysis
    11.3. General Cigar
          11.3.1. Business Overview
          11.3.2. Company Snapshot
          11.3.3. Company Market Share Analysis
          11.3.4. Company Product Portfolio
          11.3.5. Recent Developments
          11.3.6. SWOT Analysis
    11.4. Gran Habano Cigars
          11.4.1. Business Overview
          11.4.2. Company Snapshot
          11.4.3. Company Market Share Analysis
          11.4.4. Company Product Portfolio
          11.4.5. Recent Developments
          11.4.6. SWOT Analysis
    11.5. Gurkha Cigar Group
          11.5.1. Business Overview
          11.5.2. Company Snapshot
          11.5.3. Company Market Share Analysis
          11.5.4. Company Product Portfolio
          11.5.5. Recent Developments
          11.5.6. SWOT Analysis
    11.6. Mayan Import
          11.6.1. Business Overview
          11.6.2. Company Snapshot
          11.6.3. Company Market Share Analysis
          11.6.4. Company Product Portfolio
          11.6.5. Recent Developments
          11.6.6. SWOT Analysis
    11.7. Regius Cigars Ltd
          11.7.1. Business Overview
          11.7.2. Company Snapshot
          11.7.3. Company Market Share Analysis
          11.7.4. Company Product Portfolio
          11.7.5. Recent Developments
          11.7.6. SWOT Analysis
    11.8. Rocky Patel Premium Cigars
          11.8.1. Business Overview
          11.8.2. Company Snapshot
          11.8.3. Company Market Share Analysis
          11.8.4. Company Product Portfolio
          11.8.5. Recent Developments
          11.8.6. SWOT Analysis
    11.9. Swisher
          11.9.1. Business Overview
          11.9.2. Company Snapshot
          11.9.3. Company Market Share Analysis
          11.9.4. Company Product Portfolio
          11.9.5. Recent Developments
          11.9.6. SWOT Analysis
    11.10. The Villiger Group.
          11.10.1. Business Overview
          11.10.2. Company Snapshot
          11.10.3. Company Market Share Analysis
          11.10.4. Company Product Portfolio
          11.10.5. Recent Developments
          11.10.6. SWOT Analysis
 

List of Table

1. Global Luxury Cigar Market, By Distribution Channel, 2019-2030 (USD Billion) 

2. Global Offline, Luxury Cigar Market, By Region, 2019-2030 (USD Billion) 

3. Global Online, Luxury Cigar Market, By Region, 2019-2030 (USD Billion) 

4. Global Luxury Cigar Market, By Type, 2019-2030 (USD Billion) 

5. Global Machine Rolled, Luxury Cigar Market, By Region, 2019-2030 (USD Billion) 

6. Global Hand Rolled, Luxury Cigar Market, By Region, 2019-2030 (USD Billion)

7. Global Luxury Cigar Market, By Application 2019-2030 (USD Billion)  

8. Global Female Smokers, Luxury Cigar Market, By Region, 2019-2030 (USD Billion) 

9. Global Male Smokers, Luxury Cigar Market, By Region, 2019-2030 (USD Billion) 

10. North America Luxury Cigar Market, By Distribution Channel, 2019-2030 (USD Billion)

11. North America Luxury Cigar Market, By Type, 2019-2030 (USD Billion) 

12. North America Luxury Cigar Market, By Application, 2019-2030 (USD Billion) 

13. U.S. Luxury Cigar Market, By Distribution Channel, 2019-2030 (USD Billion) 

14. U.S. Luxury Cigar Market, By Type, 2019-2030 (USD Billion) 

15. U.S. Luxury Cigar Market, By Application 2019-2030 (USD Billion) 

16. Canada Luxury Cigar Market, By Distribution Channel, 2019-2030 (USD Billion) 

17. Canada Luxury Cigar Market, By Type, 2019-2030 (USD Billion) 

18. Canada Luxury Cigar Market, By Application 2019-2030 (USD Billion) 

19. Mexico Luxury Cigar Market, By Distribution Channel, 2019-2030 (USD Billion) 

20. Mexico Luxury Cigar Market, By Type, 2019-2030 (USD Billion)  

21. Mexico Luxury Cigar Market, By Application 2019-2030 (USD Billion)  

22. Europe Luxury Cigar Market, By Distribution Channel, 2019-2030 (USD Billion) 

23. Europe Luxury Cigar Market, By Type, 2019-2030 (USD Billion) 

24. Europe Luxury Cigar Market, By Application 2019-2030 (USD Billion) 

25. Germany Luxury Cigar Market, By Distribution Channel, 2019-2030 (USD Billion)  

26. Germany Luxury Cigar Market, By Type, 2019-2030 (USD Billion) 

27. Germany Luxury Cigar Market, By Application 2019-2030 (USD Billion) 

28. France Luxury Cigar Market, By Distribution Channel, 2019-2030 (USD Billion) 

29. France Luxury Cigar Market, By Type, 2019-2030 (USD Billion) 

30. France Luxury Cigar Market, By Application 2019-2030 (USD Billion) 

31. U.K. Luxury Cigar Market, By Distribution Channel, 2019-2030 (USD Billion) 

32. U.K. Luxury Cigar Market, By Type, 2019-2030 (USD Billion) 

33. U.K. Luxury Cigar Market, By Application 2019-2030 (USD Billion) 

34. Italy Luxury Cigar Market, By Distribution Channel, 2019-2030 (USD Billion) 

35. Italy Luxury Cigar Market, By Type, 2019-2030 (USD Billion) 

36. Italy Luxury Cigar Market, By Application 2019-2030 (USD Billion) 

37. Spain Luxury Cigar Market, By Distribution Channel, 2019-2030 (USD Billion) 

38. Spain Luxury Cigar Market, By Type, 2019-2030 (USD Billion)  

39. Spain Luxury Cigar Market, By Application 2019-2030 (USD Billion)  

40. Asia Pacific Luxury Cigar Market, By Distribution Channel, 2019-2030 (USD Billion) 

41. Asia Pacific Luxury Cigar Market, By Type, 2019-2030 (USD Billion)  

42. Asia Pacific Luxury Cigar Market, By Application 2019-2030 (USD Billion)  

43. Japan Luxury Cigar Market, By Distribution Channel, 2019-2030 (USD Billion)  

44. Japan Luxury Cigar Market, By Type, 2019-2030 (USD Billion)  

45. Japan Luxury Cigar Market, By Application 2019-2030 (USD Billion)  

46. China Luxury Cigar Market, By Distribution Channel, 2019-2030 (USD Billion) 

47. China Luxury Cigar Market, By Type, 2019-2030 (USD Billion) 

48. China Luxury Cigar Market, By Application 2019-2030 (USD Billion) 

49. India Luxury Cigar Market, By Distribution Channel, 2019-2030 (USD Billion) 

50. India Luxury Cigar Market, By Type, 2019-2030 (USD Billion) 

51. India Luxury Cigar Market, By Application 2019-2030 (USD Billion) 

52. South America Luxury Cigar Market, By Distribution Channel, 2019-2030 (USD Billion) 

53. South America Luxury Cigar Market, By Type, 2019-2030 (USD Billion) 

54. South America Luxury Cigar Market, By Application 2019-2030 (USD Billion) 

55. Brazil Luxury Cigar Market, By Distribution Channel, 2019-2030 (USD Billion) 

56. Brazil Luxury Cigar Market, By Type, 2019-2030 (USD Billion) 

57. Brazil Luxury Cigar Market, By Application 2019-2030 (USD Billion) 

58. Middle East and Africa Luxury Cigar Market, By Distribution Channel, 2019-2030 (USD Billion) 

59. Middle East and Africa Luxury Cigar Market, By Type, 2019-2030 (USD Billion) 

60. Middle East and Africa Luxury Cigar Market, By Application 2019-2030 (USD Billion) 

61. UAE Luxury Cigar Market, By Distribution Channel, 2019-2030 (USD Billion) 

62. UAE Luxury Cigar Market, By Type, 2019-2030 (USD Billion) 

63. UAE Luxury Cigar Market, By Application 2019-2030 (USD Billion) 

64. South Africa Luxury Cigar Market, By Distribution Channel, 2019-2030 (USD Billion) 

65. South Africa Luxury Cigar Market, By Type, 2019-2030 (USD Billion) 

66. South Africa Luxury Cigar Market, By Application 2019-2030 (USD Billion) 

List of Figures 

1. Global Luxury Cigar Market Segmentation

2. Global Luxury Cigar Market: Research Methodology

3. Market Size Estimation Methodology: Bottom-Up Approach

4. Market Size Estimation Methodology: Top-Down Approach

5. Data Triangulation

6. Porter’s Five Forces Analysis 

7. Value Chain Analysis 

8. Global Luxury Cigar Market Attractiveness Analysis By Distribution Channel 

9. Global Luxury Cigar Market Attractiveness Analysis By Type 

10. Global Luxury Cigar Market Attractiveness Analysis By Application

11. Global Luxury Cigar Market Attractiveness Analysis By Region

12. Global Luxury Cigar Market: Dynamics

13. Global Luxury Cigar Market Share By Distribution Channel (2021 & 2030)

14. Global Luxury Cigar Market Share By Type (2021 & 2030)

15. Global Luxury Cigar Market Share By Application (2021 & 2030)

16. Global Luxury Cigar Market Share By Regions (2021 & 2030)

17. Global Luxury Cigar Market Share By Company (2021)

This study forecasts revenue at global, regional, and country levels from 2022 to 2030. The Brainy Insights has segmented the global luxury cigar market based on below mentioned segments:

Global Luxury Cigar Market by Distribution Channel:

  • Offline
  • Online

Global Luxury Cigar Market by Type:

  • Machine Rolled
  • Hand Rolled

Global Luxury Cigar Market by Application:

  • Female Smokers
  • Male Smokers

Global Luxury Cigar Market by Region:

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • France
    • U.K.
    • Italy
    • Spain
  • Asia-Pacific
    • Japan
    • China
    • India
  • South America
    • Brazil
  • Middle East and Africa  
    • UAE

Methodology

Research has its special purpose to undertake marketing efficiently. In this competitive scenario, businesses need information across all industry verticals; the information about customer wants, market demand, competition, industry trends, distribution channels etc. This information needs to be updated regularly because businesses operate in a dynamic environment. Our organization, The Brainy Insights incorporates scientific and systematic research procedures in order to get proper market insights and industry analysis for overall business success. The analysis consists of studying the market from a miniscule level wherein we implement statistical tools which helps us in examining the data with accuracy and precision. 

Our research reports feature both; quantitative and qualitative aspects for any market. Qualitative information for any market research process are fundamental because they reveal the customer needs and wants, usage and consumption for any product/service related to a specific industry. This in turn aids the marketers/investors in knowing certain perceptions of the customers. Qualitative research can enlighten about the different product concepts and designs along with unique service offering that in turn, helps define marketing problems and generate opportunities. On the other hand, quantitative research engages with the data collection process through interviews, e-mail interactions, surveys and pilot studies. Quantitative aspects for the market research are useful to validate the hypotheses generated during qualitative research method, explore empirical patterns in the data with the help of statistical tools, and finally make the market estimations.

The Brainy Insights offers comprehensive research and analysis, based on a wide assortment of factual insights gained through interviews with CXOs and global experts and secondary data from reliable sources. Our analysts and industry specialist assume vital roles in building up statistical tools and analysis models, which are used to analyse the data and arrive at accurate insights with exceedingly informative research discoveries. The data provided by our organization have proven precious to a diverse range of companies, facilitating them to address issues such as determining which products/services are the most appealing, whether or not customers use the product in the manner anticipated, the purchasing intentions of the market and many others.

Our research methodology encompasses an idyllic combination of primary and secondary initiatives. Key phases involved in this process are listed below:

MARKET RESEARCH PROCESS

Data Procurement:

The phase involves the gathering and collecting of market data and its related information with the help of different sources & research procedures.

The data procurement stage involves in data gathering and collecting through various data sources.

This stage involves in extensive research. These data sources includes:

Purchased Database: Purchased databases play a crucial role in estimating the market sizes irrespective of the domain. Our purchased database includes:

  • The organizational databases such as D&B Hoovers, and Bloomberg that helps us to identify the competitive scenario of the key market players/organizations along with the financial information.
  • Industry/Market databases such as Statista, and Factiva provides market/industry insights and deduce certain formulations. 
  • We also have contractual agreements with various reputed data providers and third party vendors who provide information which are not limited to:
    • Import & Export Data
    • Business Trade Information
    • Usage rates of a particular product/service on certain demographics mainly focusing on the unmet prerequisites

Primary Research: The Brainy Insights interacts with leading companies and experts of the concerned domain to develop the analyst team’s market understanding and expertise. It improves and substantiates every single data presented in the market reports. Primary research mainly involves in telephonic interviews, E-mail interactions and face-to-face interviews with the raw material providers, manufacturers/producers, distributors, & independent consultants. The interviews that we conduct provides valuable data on market size and industry growth trends prevailing in the market. Our organization also conducts surveys with the various industry experts in order to gain overall insights of the industry/market. For instance, in healthcare industry we conduct surveys with the pharmacists, doctors, surgeons and nurses in order to gain insights and key information of a medical product/device/equipment which the customers are going to usage. Surveys are conducted in the form of questionnaire designed by our own analyst team. Surveys plays an important role in primary research because surveys helps us to identify the key target audiences of the market. Additionally, surveys helps to identify the key target audience engaged with the market. Our survey team conducts the survey by targeting the key audience, thus gaining insights from them. Based on the perspectives of the customers, this information is utilized to formulate market strategies. Moreover, market surveys helps us to understand the current competitive situation of the industry. To be precise, our survey process typically involve with the 360 analysis of the market. This analytical process begins by identifying the prospective customers for a product or service related to the market/industry to obtain data on how a product/service could fit into customers’ lives.

Secondary Research: The secondary data sources includes information published by the on-profit organizations such as World bank, WHO, company fillings, investor presentations, annual reports, national government documents, statistical databases, blogs, articles, white papers and others. From the annual report, we analyse a company’s revenue to understand the key segment and market share of that organization in a particular region. We analyse the company websites and adopt the product mapping technique which is important for deriving the segment revenue. In the product mapping method, we select and categorize the products offered by the companies catering to domain specific market, deduce the product revenue for each of the companies so as to get overall estimation of the market size. We also source data and analyses trends based on information received from supply side and demand side intermediaries in the value chain. The supply side denotes the data gathered from supplier, distributor, wholesaler and the demand side illustrates the data gathered from the end customers for respective market domain.

The supply side for a domain specific market is analysed by:

  • Estimating and projecting penetration rates through analysing product attributes, availability of internal and external substitutes, followed by pricing analysis of the product.
  • Experiential assessment of year-on-year sales of the product by conducting interviews.

The demand side for the market is estimated through:

  • Evaluating the penetration level and usage rates of the product.
  • Referring to the historical data to determine the growth rate and evaluate the industry trends

In-house Library: Apart from these third-party sources, we have our in-house library of qualitative and quantitative information. Our in-house database includes market data for various industry and domains. These data are updated on regular basis as per the changing market scenario. Our library includes, historic databases, internal audit reports and archives.

Sometimes there are instances where there is no metadata or raw data available for any domain specific market. For those cases, we use our expertise to forecast and estimate the market size in order to generate comprehensive data sets. Our analyst team adopt a robust research technique in order to produce the estimates:

  • Applying demographic along with psychographic segmentation for market evaluation
  • Determining the Micro and Macro-economic indicators for each region 
  • Examining the industry indicators prevailing in the market. 

Data Synthesis: This stage involves the analysis & mapping of all the information obtained from the previous step. It also involves in scrutinizing the data for any discrepancy observed while data gathering related to the market. The data is collected with consideration to the heterogeneity of sources. Robust scientific techniques are in place for synthesizing disparate data sets and provide the essential contextual information that can orient market strategies. The Brainy Insights has extensive experience in data synthesis where the data passes through various stages:

  • Data Screening: Data screening is the process of scrutinising data/information collected from primary research for errors and amending those collected data before data integration method. The screening involves in examining raw data, identifying errors and dealing with missing data. The purpose of the data screening is to ensure data is correctly entered or not. The Brainy Insights employs objective and systematic data screening grades involving repeated cycles of quality checks, screening and suspect analysis.
  • Data Integration: Integrating multiple data streams is necessary to produce research studies that provide in-depth picture to the clients. These data streams come from multiple research studies and our in house database. After screening of the data, our analysts conduct creative integration of data sets, optimizing connections between integrated surveys and syndicated data sources. There are mainly 2 research approaches that we follow in order to integrate our data; top down approach and bottom up approach.

Market Deduction & Formulation: The final stage comprises of assigning data points at appropriate market spaces so as to deduce feasible conclusions. Analyst perspective & subject matter expert based holistic form of market sizing coupled with industry analysis also plays a crucial role in this stage.

This stage involves in finalization of the market size and numbers that we have collected from data integration step. With data interpolation, it is made sure that there is no gap in the market data. Successful trend analysis is done by our analysts using extrapolation techniques, which provide the best possible forecasts for the market.

Data Validation & Market Feedback: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helps us finalize data-points to be used for final calculations.

The Brainy Insights interacts with leading companies and experts of the concerned domain to develop the analyst team’s market understanding and expertise. It improves and substantiates every single data presented in the market reports. The data validation interview and discussion panels are typically composed of the most experienced industry members. The participants include, however, are not limited to:

  • CXOs and VPs of leading companies’ specific to sector
  • Purchasing managers, technical personnel, end-users
  • Key opinion leaders such as investment bankers, and industry consultants

Moreover, we always validate our data and findings through primary respondents from all the major regions we are working on.

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