Global Market Study on Cigars & Cigarillos: Driven by Increasing Adoption of Flavored Cigars & Cigarillos Among Young Adults


  • Published On : Apr-2016 |
  • Pages : 267 Pages |
  • Format :

Cigars & Cigarillos are produced by tightly rolling tobacco into tobacco leaves of varying thicknesses and lengths. The industry is driven by shifting young adult preference from cigarette to cigars & cigarillos.

This report covers the anticipated performance of the cigars & cigarillos market in terms of both value and volume over the forecast period (2015-2025).

The report starts with an overview of the global cigars & cigarillos market and its growth factor impact analysis. In the same section, PMR covers the global cigars & cigarillos market performance in terms of revenue. This section includes PMR’s analysis of the key trends, drivers, opportunities and restraints in the global market. Impact analysis of the key growth drivers and restraints, based on the weighted average model, is included in this report to better equip clients with crystal clear decision-making insights.

To understand and assess opportunities in the cigars & cigarillos market, the market is segmented as follows:

  • By Type
  • By Category
  • By Flavor
  • By Size
  • By Gender
  • By region

On the basis of type, the market is segmented as follows:

  • Mass
  • Premium

Of the aforementioned types, the premium segment is expected to expand at the highest CAGR of 3.7% during the forecast period in terms of value. The mass segment is expected to expand at a promising growth rate during the forecast period. In terms of value, the mass segment is expected to account for the highest share of the global market, followed by the premium segment.

On the basis of category, the market is segmented as follows:

  • Cigars
  • Cigarillos
  • Little Cigars

Of the aforementioned categories, the cigarillos segment is expected to expand at the highest CAGR of 3.2% during the forecast period in terms of value. The cigars segment is expected to showcase a favorable growth in the near future. Increasing demand for luxurious products across the globe is expected to drive the segment growth

The report also analyzes the market on the basis of flavor, which includes:

  • Mint/menthol
  • Fruit/candy
  • Chocolate

Among all the above segments, the mint/menthol segment occupied the largest share of the market both in terms of value and volume in 2015. However,the  fruit/candy segment is expected to dominate the market over the forecast period.

The market is also segmented on the basis of size into:

  • 7 inch & over
  • 6.01 to 7 inch
  • 5.01 to 6 inch
  • 4.01 to 5 inch

Among all the above segments, the 5.01 to 6-inch product segment is expected to expand at the highest CAGR over the forecast period. The segment accounted for the largest market share in 2014 in terms of both value and volume and is expected to continue to dominate the market over the forecast period.

The global cigars and cigarillos market is also segmented on the basis of gender into:

  • Male
  • Female

Among the above segments, consumption of cigars & cigarillos across the male segment is expected to expand at the highest CAGR of 6.1% during the forecast period. The female segment is expected to showcase a favorable growth in the near future.

The report also analyzes the market across various geographies and provides estimated market size in terms of value and volume for the forecast period

Regions covered in the report are:

  • North America
  • Asia Pacific
  • Europe
  • The Middle East & Africa (MEA)
  • Latin America

North America dominated the market in 2014 in terms of both value and volume share. Asia Pacific is expected to register the highest CAGR during the forecast period.

The global cigar & cigarillos market is experiencing rapid growth, attributed to the increasing consumption of cigar & cigarillos among young adults. In addition, availability of wide variety of flavored cigars & cigarillos is attracting young adults, especially women, which is further expected to drive the market growth in the near future. For a better understanding and analysis of the industry, the market has been segmented on the basis of product type, category, flavor, size, gender (on the basis of end use), and region.

The global cigar & cigarillos market is estimated to expand at a CAGR of 2.8% from 2015 to 2025, to reach a market value of US$ 23,857.9 Mn by 2025. The market was valued at US$ 17,733.0 Mn in 2014. In terms of volume, the cigars & cigarillos market stood at 30,000.0 million units in 2014, and is projected to increase at a CAGR of 5.7% from 2015 to 2025. Asia Pacific and Europe are projected to be the fastest growing markets over the forecast period in terms of volume consumption. Growth of the Asia Pacific market is mainly attributed to increasing consumption of cigars & cigarillos in China. Moreover, rising demand for premium cigars and cigarillos in the country is further expected to drive the market growth in the region.  

Among the product types, in terms of value, the mass segment accounted for the largest market share of 95.2% in 2014, and is projected to maintain its dominance through 2025. The premium segment is also projected to showcase a favorable growth over the forecast period. This growth is mainly attributed to increasing demand for premium cigars & cigarillos, especially in the U.S., China, and U.A.E.

On the basis of category, the cigarillos segment is majorly consumed by the consumers. The segment was valued at US$ 23,090.4 Mn in 2014. Growth of the segment is primarily driven by availability of wide verities of cigarillos at a low price. Cigars segment also accounts for a significant share of the market. The segment is expected to gain traction over the forecast period, owing to the increasing consumer inclination towards bigger tobacco products.

Among the various flavors, in terms of volume, the mint/menthol segment accounted for the largest market share in 2014. However, the fruit/candy segment is expected to be dominant in terms of volume share over the forecast period. Increasing inclination of women towards sweet flavor cigars and cigarillos is expected to drive the segment growth over the forecast period.

By end use, the male segment accounted for the largest value share of the cigar & cigarillos market, accounting for 83.4% value share, in 2014. The segment is expected to maintain its dominance through 2025.  The female segment is expected to showcase a favorable growth in terms of volume consumption over the forecast period. 

North America dominated the market, accounting for 47.3% value share in 2014. The U.S. is expected to represent a favorable opportunity for the cigars and cigarillos market over the forecast period. The Asia Pacific market is expected to expand at the highest CAGR over the forecast period.

Key players in the cigars & cigarillos market that are covered in the report include Scandinavian Tobacco Group A/S, British American Tobacco, Imperial Brands, Plc, Altria Group, Inc., Habanos S.A., Drew Estate LLC, Swisher International, Inc., Oettinger Davidoff AG, Swedish Match AB, and Trendsettah USA, Inc.

cigars-cigarillos-market

Key players in the cigars & cigarillos market that are covered in the report include:

  • Scandinavian Tobacco Group A/S.
  • British American Tobacco.
  • Imperial Brands.
  • Plc.
  • Altria Group, Inc.
  • Habanos S.A.
  • Drew Estate LLC.
  • Swisher International, Inc.
  • Oettinger Davidoff AG.
  • Swedish Match AB.
  • Trendsettah USA, Inc.
  • Other
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