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Cigars and Cigarillos Market Analysis

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Cigars and Cigarillos Market Analysis

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  1. Coherent Market Insights Market Research and Business Consulting Services https://www.coherentmarketinsights.com/ COVID-19 Impact Tracker     Cigars & Cigarillos Market 2017 – 2027  Cigars & Cigarillos are rolled tobacco that is wrapped in leaf tobacco and is             different from cigarettes. Cigarillos, cigars, and little cigars are the three major         types of cigars that are available in the market. Cigar usage is higher among               young adults who use tobacco products. These products are also available in           different flavors such as mint/menthol, fruit/candy, and chocolate. Cigars &         Cigarillos are machine-made products and involve herbal and botanical       infusion. However, hand-made cigars are available in the market.                                                                                      The global ​cigars & cigarillos market is estimated to account for US$ 25.2             billion in terms of revenue, growing at a CAGR of 3.0% during the forecast             period (2019-2027)                                 

  2. Drivers  The rising number of cigar and cigarillo smokers around the globe owing to peer               pressure and changing life-style is primarily fueling the market growth of cigar           and cigarillo. U.S. Department of Health & Human Services, in 2016, nearly 40           million adults in U.S., still smoke cigarettes, and about 4.7 million middle and             high school students use at least one tobacco product, including e-cigarettes.               Hence, the rising consumption of cigar products is expected to propel the           market growth of cigar and cigarillo over the forecast period.                                                                                  The increasing number of cigar parlor and lounge, especially in countries in the             developed countries is expected to fuel the growth of the market growth in the           near future. According to the Coherent Market Insights, in the U.S., Chicago is             fast becoming increasingly popular for cigar parlors. Biggs Cigar Emporium,         Jack Schwartz, and TESA Cigar Co. are among some of the popular cigar             parlors in Chicago. Therefore, the rising number of cigar parlor around the           globe is propelling market growth.                                                                                         North America region dominated the global cigars & cigarillos market in 2018,           accounting for 39.7% share in terms of volume, followed by Europe and Latin             America, respectively                              Figure 1. Global Cigars & Cigarillos Market, Revenue Share (%), By Region,  2018   

  3. Market Restraints  The high cost of cigars and cigarillos than other tobacco products is expected               to hinder the market growth over the forecast period. For example, according to               the Coherent Market Insights, the retail cost of a box of five premium cigars           varies between US$ 120 to over US$ 230. Thus, the availability of other             alternative tobacco products such as cigarettes and chewing tobacco at lower           prices is projected to restrict the market growth of Cigars and cigarillos.                                                                      Rising awareness regarding the healthy lifestyle among consumers is expected           to restrict the adoption of such products, which in turn, hindering the market             growth. Also, various governments around the globe are spreading awareness         regarding the adverse effects of smoking. For instance, government across           various countries has banned smoking in public areas, these factors are         expected to limit the market growth of Cigars and cigarillos over the forecast               period.                                                                          Market Opportunities  Expanding distribution channel for easy availability of cigars and cigarillos to         the consumer is expected to show lucrative growth opportunities in the near             future. For instance, in January 2017, RICH Cigars, Inc., a manufacturer of           high-quality premium cigar products, proudly announced, that the Company has         begun an effort to expand its market by achieving various State approvals to               broaden its ability to directly wholesale to retailers the RICH brand’s core line of             cigars. This factor is expected to propel the market growth.                                                                                  Increasing Women’s Preferences for Cigars & Cigarillos products around the         globe is projected to foster the market growth of Cigars & Cigarillos over the             forecast period. Growing demand for cigar brand especially for women is           encouraging the manufacturer to introduce premium cigar, this factor is further         projected to propel the market growth of Cigars & Cigarillos over the forecast             period. For instance, in June 2019, El Septimo Geneva SA, a La Grande Maison               Younan Collection company, has introduced the Alexandra Collection: a new         line of cigars designed exclusively for women.                                                                                                 

  4. Figure 2. Global Cigars & Cigarillos – Market Opportunity Analysis    Market Trends/Key Takeaways  The rising launch of innovation in cigar products is expected to augment the             market growth of Cigars & Cigarillos over the forecast period. For instance, in             July 2019, Habanos, S.A., through its exclusive distributor for Switzerland,           Intertabak AG, will launch in world premiere the new cigar band of the Punch             brand, Short de Punch (clamp or diameter of 5 per 120 millimeters long). The             Punch brand of cigars incorporates for the first time the 50 Clamp in its           portfolio, thus expanding the exquisite flavor of the brand.                                                                                          An increasing the number of collaboration among new players in the market in           order to meet the rising demand for a cigar is expected to accelerate the market                 growth over the forecast period. For instance, in June 2019, European company             Royal Agio Cigars has collaborated with cigarmaker Litto Gomez of La Flor           Dominicana fame for a new brand that will be showcased at Royal Agio’s booth               during the upcoming trade show: the Balmoral Paso Doble. The new cigar is             made at Gomez’s Tabacalera La Flor S.A. factory in the Dominican Republic and             combines tobaccos from the inventories of both Gomez and Royal Agio.                                                                                                    Regulations  Canada  The Tobacco Products Labeling (TPLR-CLC) Regulations came into force in         September 2011. The TPLR-CLC requires a health warning on at least 75% of         the front and back panels, a qualitative toxic emissions statement on a side                                                        

  5. panel, and a health information message to be included either on the upper           slide-flap, the exterior surface of the slide, or on a leaflet inserted in the             package.                                  On the basis of product type, in 2018, cigarillo segment, accounted the largest                 market share of 77.6% in terms of revenue, followed by Cigar and Little Cigar,               respectively.                          Figure 3. Global Cigars & Cigarillos Market, Revenue Share (%), By Product  Type, in 2018    Competitive Section  Key players active in the global cigars & cigarillos market are ​British American                 Tobacco, Imperial Brands, Plc., Altadis S.A., Habanos S.A., Drew Estate LLC,         Swisher International, Inc., Oettinger Davidoff AG., Swedish Match AB, and         Trendsettah USA, Inc                                           

  6. 1. Request Sample Report 2. Download PDF Brochure 3. Request Customization 4. Talk to Analyst Reference https://www.coherentmarketinsights.com/market-insight/cigars-and-cigarillos-market-3334 About Us: ​ Coherent Market Insights is a global market intelligence and consulting organization focused on assisting our plethora of clients to achieve transformational growth by helping them make critical business decisions. What we provide: •​Customized Market Research Services •​Industry Analysis Services •​Business Consulting Services •​Market Intelligence Services •​Long term Engagement Model •​Country Specific Analysis Contact Us:

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