Cigars & Cigarillos Market | British American Tobacco, Imperial Brands, Plc., Altadis S.A., Habanos S.A.

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)

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Detailed Segmentation:

Global Cigars & Cigarillos Market, By Product Type:
Cigars
Cigarillos
Little Cigars

Global Cigars & Cigarillos Market, By Gender:
Male
Female

Global Cigars & Cigarillos Market, By Flavour:
Fruit/Candy
Mint/Menthol
Chocolate

Global Cigars & Cigarillos Market, By Category:
Mass
Premium

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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.

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