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Cigar Market: Impact of Existing and Emerging Market 2015 - 2021
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The key drivers of this market include the addition of smokers to inhale and cigars are considered superior than cigarettes due to lower levels of nicotine. Rising middle class, culture shift and affluent life style are among other driving forces in cigar consumption. Restraining factors could be plethora of government regulations and ban on tobacco production and consumption in several countries. In addition growing health concerns and aging of population act as another major restrains to consumption of Cigar. Major distribution channels are supermarkets, speciality stores and departmental stores.
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The Cigar market can be segmented into three major types on the basis of composition as wrappers, fillers and binders. It can also be segmented on the basis of shape and size as Parejo, Figurado, Pyramid, Culebras, Tuscanian and Little Cigars. In this report we have segmented the market geographically into North America, APAC, Europe and RoW regions.
Some of the key players in the Cigar market are Finck Cigar Company, ITC Limited, Altadis, General Cigar Company Inc., Partagas cigars, Perdomo cigars, Oliva cigars, Rodrigo cigars, Paul Stulac cigars, and Rocky Patel cigars.
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