Cigars & Cigarillos Market Lucrative Opportunities By 2024
Cigars and cigarillos are a firmly rolled bundle of fermented and dried tobacco leaves. These are rolled in varying lengths, sizes, and thicknesses. Cigars are ignited at the end so that the smoke may be drawn into the mouth.
The global cigars and cigarillos market is expected to exhibit slow yet steady growth in terms of revenue between 2016 and 2024. However, volume growth is expected to be robust.
The report presents a comprehensive overview of the global cigars and cigarillos market. Various factors influencing the demand and supply trends in the market are studied in detail.
Obtain Report Details:
The report also covers the expected performance of the market in terms of revenue and volume during the forecast period. Based on in-depth information obtained from trusted industrial sources, the study projects the threats and opportunities that the companies operating in the market could face during the forecast period.
Global Cigars & Cigarillos Market: Key Opportunities and Threats
Based on product type, the global cigars and cigarillos market has been be bifurcated into premium and mass. The mass segment dominated the market in 2014. The trend is likely to continue during the forecast period. The premium segment is also anticipated to witness robust growth due to increasing demand in countries such as the U.S., the UAE, and China.
Based on category, cigarillos was the larger segment of the market in terms of volume. Availability of various types of cigarillos at relatively low prices is a key factor fueling the growth of the segment. The cigars segment is projected to gain impetus during the forecast period, as consumers are inclined more toward large-sized tobacco products.
In terms of flavor, the mint and menthol segment is witnessing the highest demand in the market. However, the fruits and candy segment is expected to witness substantially growth in the near future. Increasing number of women consumers of cigars and cigarillos is likely to contribute to the growth of the fruits and candy segment.
Based on end-use, the male consumers segment dominated the market in 2014. The segment is expected to continue its dominance in the market during the forecast period. Demand in the female segment is also poised to surge exponentially in the next few years.
Global Cigars & Cigarillos Market: Regional Outlook
Regionally, North America held the largest share of the market in 2014. Rising demand in the U.S. is expected to present favorable growth opportunities in the cigars and cigarillos market in North America.
Make Enquiry @
The market in Asia Pacific is also expected to witness significant growth. In the near future, Europe and Asia Pacific are likely to emerge as two of the fastest growing markets. Growth of the cigars and cigarillos market in Asia Pacific is driven by the increasing demand in China.
Global Cigars & Cigarillos Market: Vendor Landscape
In order to study the prevailing competitiveness in the market, the report profiles enterprises such as British American Tobacco, Tobacco Group A/S, and Habanos S.A. These companies are studied based on their product portfolio, marketing strategies, and financial overview.
The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size.
The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.
Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.
TMR’s data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.
90 State Street, Suite 700
Albany, NY 12207
USA - Canada Toll Free: 866-552-3453
This release was published on openPR.
Permanent link to this press release:
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Cigars & Cigarillos Market Lucrative Opportunities By 2024 here
News-ID: 866647 • Views: 160
More Releases from Transparency Market Research
Bakery Enzymes Market with Current Trends Analysis, 2018-2026
Global Bakery Enzymes Market: Overview Bakery enzymes are ingredient solutions and preservation systems that enable manufacturers of baked goods to react quickly to consumer demand for less salt, acrylamide, additives, emulsifiers, and gluten-free bread– all these while ensuring the taste of baked goods and snacks are good which consumers like. Today consumers are continuously in search for baked goods that are better tasting, healthier, and which has more added value and
Taxifolin Market Growth with Worldwide Industry Analysis to 2027
Taxifolin Market: Introduction Taxifolin is the common name for dihydroquercetin, which is a flavonoid. It is also used in its semi-synthetic form, under the brand Venoruton. Various types of flavonoids are currently under scientific study, as they are found to have anti-viral, anti-allergic and anti-inflammatory properties that are beneficial for human health. Taxifolin is utilized as an additive in food & beverages due to these properties. It is bitter in taste and
Building Thermal Insulation Market Trends and Segments 2018-2026
A steady and consistently growing market, building thermal insulation is will determine decent growth over the forecast period of 2018 and 2026. It is pertinent to note here that the market depends on the extremities of temperature across geographical zones because these calls for a need for insulation in buildings in order to make sure that optimum temperature is maintained within these structures. It is not only good for
Worldwide Analysis on Nitric Acid Market Strategies and Forecast, 2017 to 2022
The global nitric acid market is slated to experience an increased demand from several end-use industries across the globe. The market is characterized by the presence of players who are constantly on the lookout for a greater market share. The production of nitric acid is an important component for market players within the industry, and hence, these players are concentrating on making their production process efficient and swift. This is
More Releases for Cigars
Global Inspects Cigars Market Report 2019 Companies included Tabacalera Incorpor …
#7th Edition Inspects Cigars market report recently has been published by market reports company. It features comprehensive market outlook based on historic data from 2013 to 2018 and estimated market trends during the forecast period from 2018 to 2026. To access complete insights of global Inspects Cigars market report: firstname.lastname@example.org The Inspects Cigars market delivers a wide array of primary and secondary data with respect to regional and global market. In-depth
Cigar Market key players General Cigar Company Inc., Partagas cigars, Perdomo ci …
Cigars are firmly-rolled cylindrical bundle of fermented and dried tobacco which is ignited and smoked by drawing in the mouth. Cigar tobacco is mostly grown in Latin America, Philippines, Eastern United States, Spain and Italy. Cigar is considered to be a status symbol by many and is more prevalent in European countries within premium segment. The Cigars market across the globe is expected to show a single digit increase in CAGR
Natural Leaf Cigars Market Report 2018
Global Natural Leaf Cigars Market provides a basic overview of the markets including definitions, classifications, applications and industry chain structure. The Natural Leaf Cigars Market analysis is provided for the international Industry including development trends, competitive landscape analysis, and key regions development status. The Natural Leaf Cigars report provides key statistics on the market status of the Natural Leaf Cigars Market manufacturers and is a valuable source of guidance and
Cigars and Cigarillos in Sweden, 2017
ReportsWeb.com published “Cigars and Cigarillos” from its database. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market. "Cigars and Cigarillos in Sweden, 2017" is an analytical report by Canadean that provides extensive and highly detailed current and future market trends in the Swedish market. The report offers Market size and structure of
Cigars and Cigarillos in Australia, 2017
MarketResearchReports.Biz presents this most up-to-date research on "Cigars and Cigarillos in Australia, 2017" Description "Cigars and Cigarillos in Australia, 2017", is an analytical report by Globaldata that provides extensive and highly detailed current and future market trends in the market. The report offers Market size and structure of the overall and per capita consumption based upon a unique combination of industry research, fieldwork, market sizing analysis, and our in-house expertise. The Australian market
Cigars and Cigarillos in Sweden, 2017
ReportsWorldwide has announced the addition of a new report title Cigars and Cigarillos in Sweden, 2017 to its growing collection of premium market research reports. "Cigars and Cigarillos in Sweden, 2017" is an analytical report by Canadean that provides extensive and highly detailed current and future market trends in the Swedish market. The report offers Market size and structure of the overall and per capita consumption based upon a unique combination