India Cigar And Cigarillos Market Size, Analysis of Competitive Landscape, Executive Product Summary and Development Factors by 2030 | AJF Cigars, Boutique Blends Cigars

Market Overview:

Cigars and cigarillos are essentially tobacco products that are rolled and bound together and ignited to allow inhalation of smoke. Their usage has increased drastically, especially among urban population for leisure purposes.

Market Dynamics:

The India cigar and cigarillos market is witnessing high growth owing to growing tourism industry in the country. International tourists, especially from America and Europe, have higher consumption rates of cigars and cigarillos. Thus, the rising tourist inflows in India are driving the growth of the market. Furthermore, increasing social acceptance and adoption among young working professionals as a style statement is proliferating the sales of premium cigars and cigarillos in India. However, stringent regulations on tobacco products advertising may hamper the market growth during the forecast period.

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Major market players included in this report are:

★ AJF Cigars
★ Boutique Blends Cigars
★ Fenn Thompson & Co. Royal Cigar Works
★ Gurkha Cigar Group
★ Imperial Brands
★ Joya De Nicaragua
★ S.A.
★ Scandinavian Tobacco Group
★ Swedish Match AB
★ Swisher

*Disclaimer: Major Players are sorted in no particular order.

Detailed Segmentation:

• By Product Type: Cigars, Cigarillos, and Little Cigars

• By Flavor: Tobacco/No Flavor and Flavored

• By Category: Mass and Premium

• By Size: 4.01 to 5 Inch, 5.01 to 6 inch, 6.01 to 7 Inch, 7 Inch and More

• By Sales Channel: Duty Free Retails and Convenience Stores

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✤ Rising disposable income in India is a major market driver for cigar and cigarillos

With the fast growing economy and GDP growth rate of over 6%, the average disposable income of Indian households has increased significantly over the past decade. More people now have extra cash to spend on luxuries and premium products like imported cigars and cigarillos. The growing affluence of the Indian middle class is enabling them to indulge in experiences they could not previously afford. Cigars and cigarillos are often associated with wealth, luxury and fine living. Their consumption has increased as a status symbol among young urban professionals and businessmen who want to project an image of success.

✤ Increasing social acceptance of cigar and cigarillo smoking

While cigarette smoking is socially discouraged and facing restrictions, cigar and cigarillo smoking is considered more elegant and less harmful by many. It is often associated with events like business meetings, music festivals, fine dining and celebratory occasions. The cigar lounge culture is also emerging in major cities like Delhi, Mumbai and Bangalore, providing places for people to socially smoke cigars. Several Bollywood and cricket celebrities have been seen smoking premium cigars, contributing to its growing popularity and diminished social stigma compared to cigarettes. More people are open to the idea of occasional cigar or cigarillo smoking for leisure without facing major disapproval.

✤ High taxes on cigarettes and e-cigarettes benefits cigar and cigarillo sales

The Indian government levies very high taxes on cigarettes and e-cigarette/vaping products citing health reasons. While taxes are also imposed on cigars and cigarillos, the rates are lower comparatively. This makes cigars and cigarillos a more affordable alternative for those trying to quit cigarettes or switch to less harmful products. Some people also see cigars/cigarillos as a treat since they are more expensive than cigarettes post-tax. The high taxes on cigarettes and e-cigarettes are inadvertently helping the growth of the cigar/cigarillo market in India.

✤ Lack of regulations on flavored cigars is a market restrain

Currently there are no regulations in India governing the sale and marketing of flavored cigars and cigarillos. Companies can easily sell sweeter and more enticingly flavored products like strawberry, vanilla, chocolate etc without restrictions. These flavors appeal particularly to new and young users. Global health organizations have raised concerns about flavored cigars/cigarillos acting as a gateway to long term nicotine addiction and smoking-related harm. If flavors are banned or regulated, it could negatively impact trial and regular use of cigars/cigarillos among certain demographic groups in India. Clear rules need to be established around flavored products to curb potential abuse and protect public health.

✤ Growing popularity of pairing cigars with alcoholic beverages and coffee presents an opportunity

The art and culture of pairing cigars with spirits, wines, beers and specialty coffees is an emerging trend in India. Fine dining restaurants and cigar lounges are promoting experiences that combine premium cigars with complementary beverages. Customers are willing to pay extra for curated pairings that enhance flavor profiles. Several micro-breweries and distilleries are collaborating with cigar importers to create exclusive pairings. The multifaceted enjoyment of full-bodied cigars alongside drinks provides ample opportunity to experiment, educate consumers and increase overall sales. Establishing India as a destination for distinctive cigar and beverage pairings can be highly lucrative for the industry.

✤ Customization and variety in cigar sizes, styles and origins is an important market trend

Earlier Indians mostly smoked machine-made cigarettes or budget cigars with little variations. However, discerning tastes are now evolving. Consumers demand unique cigar styles including figurados, perfectos, belicosos etc in various flavor profiles, sizes, wrapper origins like Cuban, Dominican, Nicaraguan etc. Hand-rolled, bespoke options attract those wanting to try something different. A diverse catalog allows users to craft personalized smoking experiences. Companies addressing this need through limited edition private blends and customized offerings will be able to maintain consumer interest and loyalty in the long run. The trend towards personalized enjoyment and experimentation points towards a maturing cigar culture keen on distinctive quality and variety.

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Key Questions Answered in the Report:

1. What are the growth opportunities for the new entrants in the India Cigar And Cigarillos industry?
2. Who are the leading players functioning in the India Cigar And Cigarillos marketplace?
3. What are the key strategies participants are likely to adopt to increase their share in the India Cigar And Cigarillos industry?
4. What is the competitive situation in the India Cigar And Cigarillos market?
5. What are the emerging trends that may influence the India Cigar And Cigarillos market growth?
6. Which product type segment will exhibit high CAGR in the future?
7. Which application segment will grab a handsome share in the India Cigar And Cigarillos industry?
8. Which region is lucrative for the manufacturers?

Some of the Major Points of TOC cover:

Chapter 1: Techniques & Scope

1.1 Definition and forecast parameters
1.2 Methodology and forecast parameters
1.3 Information Sources

Chapter 2: Latest Trends Summary

2.1 Regional trends
2.2 Product trends
2.3 End-use trends
2.4 Business trends

Chapter 3: India Cigar And Cigarillos Industry Insights

3.1 Industry fragmentation
3.2 Industry landscape
3.3 Vendor matrix
3.4 Technological and Innovative Landscape

Chapter 4: India Cigar And Cigarillos Market, By Region

Chapter 5: Company Profiles

5.1 Company Overview
5.2 Financial elements
5.3 Product Landscape
5.4 SWOT Analysis
5.5 Systematic Outlook

Chapter 6: Assumptions and Acronyms

Chapter 7: Research Methodology

Chapter 8: Contact (Continue . . .)

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