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Luxury Cigars Global Market Report 2024 - Market Size, Trends, And Global Forecast 2024-2033 | China National Tobacco Corporation, Imperial Brands plc, General Cigar Co Inc., Regius Cigars Ltd., Scandinavian Tobacco Group A/S, Gran Habano Cigars Inc., Hab
Luxury Cigars Market Size
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Surge In Millennial Tobacco Consumption Fuels Growth In The Luxury Cigars Market
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. For instance, in November 2023, according to the Statistics Canada, a Canada-based government agency, in October 2023, the total number of cigarettes sold increased 15.5% to 1.2 billion from September 2023. Therefore, increasing consumption of tobacco among millennials drives the luxury cigars market.
Technological Advancements Elevate Luxury Cigars Market
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. For instance, in September 2021, HumidifGroup USA, a US-based company specializing in the fabrication and design of accessories and packaging for the cigar sector, launched Ferio Tego Cigar Co based on Smart packaging technology. With a simple swipe of the phone, smart packaging immerses the end-user in information, sleek movies, and education.
The luxury cigars market covered in this report 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
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Major companies operating in the luxury cigars market report are China National Tobacco Corporation, Imperial Brands plc, General Cigar Co Inc., Regius Cigars Ltd., Scandinavian Tobacco Group A/S, Gran Habano Cigars Inc., Habanos S.A., Davidoff & Cie. Ltd., Swisher International Inc., Royal Agio Cigars B.V., Altadis U.S.A. Inc., Drew Estate, J.C. Newman Cigar Company, The Villiger Group AG, Dunhill Tobacco Company, Oliva Cigar Company, Viaje Cigars Inc., Ashton Cigar Company, Tatuaje Cigars, Rocky Patel Premium Cigars, Gurkha Cigar Group LLC, My Father Cigars Inc., Swedish Match AB, CLE Cigar Co, Arturo Fuente Cigar Company, Espinosa Cigars, Mayan Import Company LLC, Cigar Aficionado Media Group LLC, Montecristo Cigar Company, New World Cigars LLC
Contents of the report:
1. Executive Summary
2. Luxury Cigars Market Report Structure
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 Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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