Cigar & Cigarillos Market Segmentation, Outlook and Forecast Report By 2025

1. Cigar & Cigarillos Market Segmentation, Outlook and Forecast Report By 2025 “The global cigar and cigarillos market is projected to reach USD 21.02 billion by 2025,. The market is expected to grow with a CAGR of 3.1% over the forecast period, 2019 to 2025. The rising number of luxury hotels offering premium cigar products coupled with the introduction of cost-effective products is expected to drive market growth. " The Cigar and Cigarillos Market report discusses the primary market growth drivers and challenges that the vendors and the market as a whole face and provides an overview of the key trends emerging in the market. It also talks about the market size of different segments and their growth aspects along with key leading countries in Americas, Asia- Pacific, Europe, the Middle East, and Africa regions. The global cigar and cigarillos market is projected to reach USD 21.02 billion by 2025. The market is expected to grow with a CAGR of 3.1% over the forecast period, 2019 to 2025. The rising number of luxury hotels offering premium cigar products coupled with the introduction of cost-effective products is expected to drive market growth. Cigars are considered to have a better reputation than cigarettes and available in different flavors. The mass segment held the largest market share owing to its rising popularity among younger generations. Additionally, a rise in the number of female consumers in developed countries is supplementing the demand for mass products. However, the premium segment is expected to register the highest CAGR during forecast years. The growing popularity of hand-rolled premium cigar and the introduction of innovative flavors are driving the demand for this segment. The premium segment is widely consumed in matured markets such as the United States, United Kingdom and China. The flavored product segment is projected to grow with a CAGR of 3.2% during the forecast period. The popularity of flavored cigars is surging, as their tastes are better than the natural tobacco flavor. In addition, consumers are changing their smoking preferences and a large number of them are shifting towards cigar and cigarillos from conventional cigarettes and other tobacco products. Moreover, considering the increasing demand for flavored products, many companies are focusing on the introduction of innovative flavors to attract consumers. Request Sample Copy of This Market Research @ https://www.millioninsights.com/industry-reports/global-cigar-cigarillos-market/request-sample

2. North America held the largest market share in the global cigar & cigarillos market in 2018. The rising demand for premium products in the United States is driving sales in this region. The United States alone accounted for 55% market share in the global market. The country is followed by Germany and China in terms of demand. The growing number of financially independent young population in China and the rise in the number of cigar lounges are primarily driving the growth of this market in the country. Further key findings from the report suggest: • The premium product segmented is expected to grow with the highest CAGR of over 3% during the forecast period. • The mass product segment held the largest market share with over 80% in 2018. • The total worth of the flavored segment was USD 4.93 billion in 2018, and it is projected to grow with a considerably higher CAGR. • North America held the largest market share in 2018, and it is projected to remain so during the forecast period. The region held 57.0% of the market share in 2018. The rising number of young consumers is further projected to drive the region in terms of demand. • Major players in the cigars and cigarillos market include Habanos S.A, OETTINGER DAVIDOFF AG, Altria Group, Scandinavian Tobacco Group A/S and Trendsettah USA, Inc. among others. Players are focusing on the introduction of new flavor based cigars to attract young customers. Browse Full Research Report @ https://www.millioninsights.com/industry-reports/global-cigar-cigarillos-market Million Insights has segmented the global cigar and cigarillos market on the basis of product, flavor, and region. Cigar & Cigarillos Product Outlook (Revenue, USD Million, 2015 - 2025) • Mass Cigar • Premium Cigar Cigar & Cigarillos Flavor Outlook (Revenue, USD Million, 2015 - 2025) • Tobacco/No Flavor • Flavored Cigar & Cigarillos Regional Outlook (Revenue, USD Million, 2015 - 2025) • North America • U.S. • Europe • Germany • U.K

3. • Spain • France • Asia Pacific • China • Australia • Central & South America • Middle East & Africa See More Reports of this Category by Million Insights @ https://www.millioninsights.com/industry/consumer-goods Get in touch At Million Insights, we work with the aim to reach the highest levels of customer satisfaction. Our representatives strive to understand diverse client requirements and cater to the same with the most innovative and functional solutions. Contact Person: Ryan Manuel Research Support Specialist, USA Email: ryan@millioninsights.com Global Headquarters Million Insights Felton Office Plaza 6265 Highway 9 Felton, California 95018, United States Phone: 1-408-610-2300 Email: sales@millioninsights.com Asia Pacific Million Insights Office No. 302, 3rd Floor, Manikchand Galleria, Model Colony, Shivaji Nagar, Pune, MH, 411016 India Phone: 91-20-65300184