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Luxury Cigars Market 2023 Analysis By Size, Share, Growth, Trends Up To 2032 | Imperial Brands, Swedish Match, Swisher International, Scandinavian Tobacco Group, Agio Cigars
Luxury Cigars Global Market Report
The Business Research Company's Luxury Cigars Global Market Report 2023 identifies the increasing consumption of tobacco among millennials is expected to drive the growth of the luxury cigars market moving forward. The rise in tobacco consumption among younger affluent adults is due to the chemical nicotine, which makes people feel good while distracting them from negative thoughts, as a result, it increases the demand for luxury cigars.
The global luxury cigars market size grew from $12.72 billion in 2022 to $12.13 billion in 2023 at a compound annual growth rate (CAGR) of -4.6%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services, and affecting many markets across the globe. The luxury cigars market is expected to grow from $11.26 billion in 2027 at a CAGR of -1.8%.
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Major players in the luxury cigars market are Imperial Brands, Swedish Match, Swisher International, Scandinavian Tobacco Group, Agio Cigars, China Tobacco, Regius Cigars Ltd., Gurkha Cigar Group, Gran Habano Cigars, Mayan Import Company, The Villiger Group, Altadis, Cigar Aficionado, Montecristo, and Cohiba.
A key trend in the Luxury Cigars market includes the Technological advancements have emerged as a key trend gaining popularity in the luxury cigars market. Major companies operating in the luxury cigars sector are focused on developing new technological solutions to reinforce their position.
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The Luxury Cigars market is segmented -
1) By Type: Machine-made Cigars, Handmade Cigars
2) By Shape: Parejo Cigars, Figurado Cigars
3) By Flavor: Tobacco/No Flavor, Flavored
4) By Application: Male Smokers, Female Smokers
5) By Distribution Channel: Online, Offline
By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the Luxury Cigars market.
The Business Research Company's "Global Luxury Cigars Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Luxury Cigars Market Include:
1. Executive Summary
2. Luxury Cigars Market Characteristics
3. Luxury Cigars Market Trends And Strategies
4. Luxury Cigars Market - Macro Economic Scenario
5. Luxury Cigars Market Size And Growth
……
27. Luxury Cigars Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Luxury Cigars Market
29. Luxury Cigars Market Future Outlook and Potential Analysis
30. Appendix
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