Cigars are large rolls of tobacco, while cigarillos are a slimmer version of large cigars. Cigars have been seen as a symbol of success and luxury. Hence, cigars and cigarillos are often smoked to celebrate special occasions. Moreover, manufacturers are cigars and cigarillos with better flavors to hide the harsh taste of tobacco.
The smoking trend has also become popular among young adults. One of the major factors driving the demand for cigars and cigarillos is the tax rate. One of the evolving strategies used by tobacco companies is to find out consumer perception on cigars and cigarillos and also to find out the most liked flavors by the customers. In order to attract more customers, tobacco manufacturers reduced the size of cigars to make it look like a cigarette and also introduced different flavors.
The market for cigars and cigarillos is also witnessing a substantial growth as the increasing number of luxury hotels have cigar lounges and is becoming a part of the hospitality industry. Tobacco companies are introducing new flavors to market their products like fruit, mint, chocolate, etc.
Moreover, cigar manufacturers are also targeting young males with flavored cigars. Along with North America and Europe, Asia Pacific is also becoming the fastest growing region in the global cigars & cigarillos market. Owing to the adoption of western lifestyle, and laxity in adopting anti-smoking regulations, cigars and cigarillos are becoming popular in various countries in Asia Pacific.
According to the report by Persistence Market Research, the global cigars & cigarillos market is likely to witness slow growth throughout 2017-2025. Towards the end of 2025, the global cigars & cigarillos market is projected to reach US$ 23,857.9 Million revenue.
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Key players in the cigars & cigarillos market that are covered in the report include:
- Scandinavian Tobacco Group A/S.
- British American Tobacco.
- Imperial Brands.
- Altria Group, Inc.
- Habanos S.A.
- Drew Estate LLC.
- Swisher International, Inc.
- Oettinger Davidoff AG.
- Swedish Match AB.
- Trendsettah USA, Inc.
Mass Cigars to be Most Preferred by Consumers in the Global Cigars & Cigarillos Market
Cigars to be Most Preferred by Consumers in the Global Cigars & Cigarillos Market
Compared to the premium cigars, mass cigars are likely to be most preferred by the consumers between 2017 and 2025. Premium cigars are mostly handmade and are exclusive. However, the price of the premium cigar is more as compared to the mass cigar, hence, increasing number of consumers opt for mass cigar due to its affordability.
Moreover, mass cigars are machine-made, hence they are low priced than premium cigars. However, cigar smokers have their own unique taste, hence, they opt for handmade premium cigars. Although the cost of the machine made cigar may attract smokers, but occasional cigar smokers mostly prefer premium handmade cigars. Hence, premium cigars are majorly provided in special shops and luxury hotels.
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Variety of Flavors to be Offered by Cigars and Cigarillos Manufacturers
Various flavors are provided by cigars and cigarillos manufacturers. Among these flavors, fruit and mint flavors are consumed by cigar smokers. With a diverse variety of flavors and different conditions where tobacco is grown, cigar tasting, similar to wine, and beer tasting is gaining popularity. Moreover, cigar flavors including spicy, salty, woody, peppery, cocoa, and sweet are also being consumed on a large scale.
However, strict regulations in some countries and ban on various marketing methods for tobacco products are restricting the growth of the global market for cigars & cigarillos. Meanwhile, cigar manufacturers are also conducting research and development activities to offer a better product with new flavors in order to compete in the market.
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